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2013 and earlier BMW X5 Lease Questions

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  • Ok guys I just got my X5, 3.0 today at hollman BMW in pembrroke pines florida :) .
    Premium pack, tech pack, 3rd row, ipod, rear climate, power trunk, running boards, 1 year sat radio, bmw assist.
    Black on black, bamboo.
    36 mo, 12k miles, $792 mo, $0 down payment.
    MSRP $56,870 EDMUNDS INVOICE $52,290 "Dealer invoice" $52600 (I know it sounds weird but I saw the dealerspeed.net screen and that was the ammount it showed)
    money factor .0020 residual 55% extra miles @ .16 during lease over milage @ .20 new BMW customer.
    Got 6000 dolars of MSRP for a final sale price of $50870 ($1420 bellow invoice) tried to get the full $2590 premium pack credit bellow invoice but after dealing with 2 different sales man, a manager and waking out twice in 3 days I decided to take the deal. probably with more time to quote several dealers you might get it, in my case they didn't have to many cars with the features I needed or the color we liked, beware long wait at dealership just to talk to a salesman, dealer were not reponding e-mails.
    Did I mentioned I also got floor mats, trunk linner and 2 nice dealer key chains! :shades:

    Bought the tire protection plan in cash so I did not brake that $800 mo mental barrier if you want to add it to de deal is $21 more a month on 36 months or 649 + tax.

    I saw new lease programs for sept, same residuals, same money factor no more premium pack incentive I think tomorrow is the last day to get it.

    Hope this helps, the car is parked outside, cant wait to take drive it again tomorrow. :D
    Thanks for all the people that posted their experience here, without it I wouldn't be able to get even close to this deal.

    THANKS
  • Here is the best deal I have gotten on the X5 4.8: $5000down and $824 per month for
    3rd Row, Rear Climate, Sirius with 1 year, and the Sport, Tech, Premium, and Cold Weather packages, probably Ipod as a give me.. 3 years/ 10,000 miles. The only way to do better is to take out Sport it seems. Any color I want. FEEDBACK???????
  • Where did you find this? By the time I got my dealer down in price, the dealership ran out of cars...
  • MSRP? INVOICE? MF? RES %? :confuse:
    keep in mind I got a 3.0 not a 4.8
  • My spouse drove both with me today. He liked the 3.0. I still think that you got a good deal if you feel that you have all of the power you want.
  • Hi eaw801. The dealers that you are working with are asking you for way too much money down. Consumers can and should lease any vehicle that they are interested in without making any sort of capitalized cost reduction. Anyone who makes a large capitalized cost reduction on a lease risks losing part or all of it if their vehicle is totaled.

    You will likely have better luck getting feedback on the specific options that you mentioned over in the "BMW X5" or the "BMW X5 - 2008" discussions.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I have significantly reduced the money down. The questions that remains concern the X5 4.8 vs the 3.0. Is the money worth the difference? This IS a 3 year lease, not a lifetime. Next BMW will not have a 3rd row. And does Sport affect th3 X5 3.0 performance. I apologize for mixing forums. There ard many more 3.0's still lft :that does affect negotiating.
  • Just leased 2008 X5 3.0. Numbers below reflect special pricing which expired yesterday. I've heard that BMW loyalty still valid but residuals are going down and you don't get premium package discount. Got a wide range of quotes; there are very few cars that have minimal options. Most dealers in the Southern Cal area were honest and great to deal with. One in particular was awesome; one in particular was the absolute worst dealership and completely dishonest. Amazing the dishonest dealership sells so many cars.

    X5 3.0 - Premium Pkg, Tech Pkg, Auto tailgate, rear climate, ipot, heated seats, running boards.
    3 years 10k miles
    MSRP $55,075
    Selling: just over $49,000
    residual 56%
    MF .0016
    D.O. - around $1850 with zero cap reduct (1st month pmt, bank fees, taxes)
    Monthly $697
  • Cannot put multiple security deposits down in NY.
  • Loyalty helps...I have a quote for Prem,Sport,Tech,3rd Row,Sirius,heated front seats,
    3 years/12,000 miles per year $4800 down/ $764.00 per month or $4600 down and $714 per month without Sport. MSRP on this X5 3.0 is $58,970.00. If I can get this one, I can be loyal in 3 years....
  • what is Sep month MFs anyone
  • Hi pchera01. BMW Financial Services' new September buy rate lease money factors are .00200 for the 2008 X5 3.0 and .00175 for the X5 4.8.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Do you also happen to know what the residuals on a 2008 x5 4.8 for 12k/yr for 3 years? Thanks.

    Andrew
  • X5 3.0 Has Premium,Cold Weather, Tech, Premium Sound,Sport,3rd Row, Rear ClimateControl,Heads Up Nav, Sirius, Ipod,Heated Rear Seats, and Running Boards. Also has app 14,000 miles but is guaranteed for 36,000 miles above whatever I take it at. Was Dealership's X5. MSRP $64,670. I pay $2169 down and 632 per month.
  • My X3 lease is up in Jan 09. I am interested in X5 3.0. Is it usually better to wait for deals till December or should i start looking now. I recently received email from BMW FS that I should start looking for options.

    What are the current lease numbers for 12K miles, for 2 year/3 year....leases.

    Thanks,
  • So my 05 X5 lease will be up in Dec 08. According to my calculations, are these numbers correct for a new lease:
    08 X5 3.0
    only option, heated seats
    msrp $47525
    Net Cap Cost: $44500
    MF: .0016 (returning loyalty rate)
    Residual: .53
    Monthly payment W/Ca 8.25% sales tax: $701.36
    I used an Excel spreadsheet to run the numbers, does the monthly payment seem too high?
  • tidestertidester Posts: 10,110
    Try this: Calculate Your Own Lease Payment

    tidester, host
    SUVs and Smart Shopper
  • found the answer:

    article from wsj

    Sales Slump in Luxury-Car Segment
    And Auto Makers Offer Deals
    Luxury Brands Shun 'Cash Back' Rebates,
    Offer Cut-Rate Financing to Draw Buyers
    September 8, 2008; Page D8

    Here's something you don't see every day: Factory sponsored low interest rate financing deals on new BMWs. But they're out there now, because even luxury brands are getting bounced around by a choppy economy.

    Several major luxury brands, including BMW, Tata Motors Ltd.'s Land Rover, Daimler AG's Mercedes-Benz, Toyota Motor Corp's Lexus, Nissan Motor Co.'s Infiniti are promoting discounted leases or other price cutting deals to spur sales. These brands tend to shy away from crude, mass-market come-ons such as direct cash rebates or "employee pricing" offers. But the deals are there waiting for customers who start bargaining. In August, 63% of luxury vehicle sales involved some kind of cut-rate financing, compared to 43% a year earlier, according to data from the Power Information Network (PIN), which harvests transaction data from dealerships.

    The average cash rebate offered by luxury brands in August was $3,240, up from $2,624 a year ago, PIN's surveys found. But a few brands went above and beyond. Land Rover's British-made SUVs went off lots in August with an average $7,016 cash rebate tucked into the glove box, according to PIN data. Land Rover's deals outdid Cadillac and Lincoln – which have tended to discount more heavily than European and Japanese brands. General Motors Corp.'s Cadillac brand offered cash rebates averaging $4,105 dollars a vehicle last month, up from $2,758 a vehicle the year before, according to PIN.
    JOIN THE DISCUSSION

    Readers, over to you: Do you think more deals will boost sales of luxury vehicles?Join a discussion1.

    Discounts in the luxury vehicle segment are seasonal and cyclical. They tend to be richest in the fall, when car makers launch their new models, and in the dead of winter -- December and January, according to data from Edmunds.com2, which tracks the ebb and flow of incentives. The cyclical part has to do with the auto makers' product timing. When important model lines get old, the discounts rise.

    Minor ups and downs in the economy tend to have less impact on luxury car demand, because affluent consumers usually ride out those dips without much real damage to their financial profiles. But if the storm gets violent enough, even well-to-do people will rethink whether it's absolutely essential to trade in a perfectly good car.

    That's happening now. The coinciding crunches in the real-estate market and in the finance industry apparently have prompted difficult discussions around kitchen tables even in homes with granite countertops.

    Sales in the "lower luxury" car segment, which includes the BMW 3-Series, Acura TL, Infiniti G35 and Lexus ES and IS models, are down 10.3% for the year through Aug. 31, according to Autodata figures. That's almost five times worse than the 2.1% decline for passenger car sales overall. Total luxury car sales are down 14.2% for the first eight months of 2008. Luxury sport-utility vehicle sales are down nearly 18% for the year so far -- a decline that understates the accompanying impact on car makers' profits.

    At BMW, the company's U.S. marketing arm has extended its low interest rate financing offers on 2008 models to the end of October, though the deals on certain models aren't as generous as in August. Still, if you qualify, you can get a 0.9% loan on a 335i sedan, or a free automatic transmission.

    One of BMW's goals in promoting low-rate financing deals is to encourage more customers to buy, rather than lease, says BMW spokesman Jan Ehlen. BMW has tended to lease about 60% of its cars. Now, the company wants closer to a 50-50 ratio, Mr. Ehlen says.

    Leasing has been causing heartburn across the car industry. Too many vehicles -- particularly leased sport-utility vehicles -- leased three years ago when gas was still relatively cheap and the economy was relatively strong are coming back to dealerships worth thousands less than the finance companies had bet when the deals were written. That's translated into huge losses for car makers' lending arms and for the banks and independent finance companies that underwrote leases in the past. Many financial institutions are pulling back from auto leasing, as part of a broader credit retrenchment.

    Discounts for several major luxury brands may have peaked in July, when gas prices hit new highs and overall new vehicle demand plunged, says Jesse Toprak, executive director for industry analysis at Edmunds. Now, some of the deals are less generous, he says. But pressure will likely continue for the luxury makes, particularly when it comes to the lower ends of their model ranges. A lot of upper middle-class families stretched to buy $35,000 or $40,000 BMWs and Mercedes-Benz C-Class models when times were good.

    Now, says Mr. Toprak, "they're thinking twice."

    The current crop of luxury car promotions will dwindle as new models arrive this fall, many equipped with higher sticker prices. BMW has already signaled prices for its vehicles will rise an average of 2.1%. Most of the top-selling luxury brands aren't saddled with huge inventory overhangs. At the end of August, BMW had 30 days worth of unsold vehicles on dealer lots, Mercedes had 62 days' worth of unsold vehicles and Lexus 41 days' worth.

    Audi has already largely sold off leftover 2008 A4 models, and dealers have only about a month's worth left, as they await delivery of redesigned A4s from Germany.

    Luxury brand shoppers – particularly fans of European brands -- who are considering buying a new car in the next few months should probably book time to discuss options with dealers this month. Otherwise, it may be best to wait to see how the December year-end deals look.
  • Was getting ready to turn in my 06 x5 4.4 18k miles. Residual was 43k, BMW offered a 13,700 discount letting me buy it at 29300. Plus 3.9% financing if I wanted it.
  • billmvbillmv Posts: 142
    I have an '05 X5 4.4 that is a few weeks from lease end, and they offered to sell it to me for $4,000 less than the approx $38,000 contracted residual, with cheap 100% financing. I forget the rate. Just FYI.
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