Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier BMW X5 Lease Questions

1404143454677

Comments

  • tmasstmass Posts: 2
    @lmoney783

    I am actually looking for the same exact specs (premium, tech, & conv.) in NY (Long Island). Maybe you could answer a few of my questions.

    1. What was the Selling price and how much over invoice was this deal?
    2. What dealership?
    3. What exactly was the Security Deposit, Bank Fee, Acquisition Fee, and Taxes?

    Your answers would be greatly appreciated.

    Thanks!
  • tmasstmass Posts: 2
    I'm very interested. Let me know more.
  • nyludditenyluddite Posts: 1
    Car_man,

    May I get your opinion on the quality of the deal for a new 2011 X-5 Premium that I recently negotiated and am scheduled to pick up on 7/26?

    I am located in NYC. The MSRP is 59,575. 36 mo. lease, 10,000 miles/yr.

    The lease provides for $1,000 down and 35 additional monthly payments of $847.

    Regards.
  • bmw_carbmw_car Posts: 10
    MSRP typically shows a destination and handling fee of $875.
    The dealer also charges an additional $725 for acquisition fee.

    Is it justified for the 36 mo 10K lease to pay both Destination/handling and acquisition fee on top of it ?

    Can someone clarify it and the purpose of each one of them in case of leasing ?
  • bmw_carbmw_car Posts: 10
    I noticed that BMW lease advertisement for the 35i Premium says as MSRP of $52100 and the base MSRP is $51600. This tells me that the Destination and Handling is only $500 instead of $875.
  • kyfdxkyfdx Posts: 29,957
    Destination and handling are part of the car price on every MSRP and invoice... Breaking it out means nothing to a deal... It's just a way to make the top line of the price look a little cheaper.. It's easier to just consider it a mandatory option.. ;)

    The acquisition fee goes to the bank that provides the lease... It's a way to cover costs/increase profits... Dealers can mark up this by as much as $200 for extra dealer profit. Just about every bank charges an acquisition fee... doesn't really matter what it's for, you have to pay it.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 29,957
    I'd guess that means that the advertised deal is for a vehicle with a $500 option...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • rravinrravin Posts: 27
    Hi John,
    I love your approach to handling the lease. The thing that I have trouble with is the fees and taxes(other than destination, sales tax). Where do you get this info? Any chance you would share your program for leasing?

    Ross
  • rravinrravin Posts: 27
    Car man, do you have the July lease numbers from BMW financial (residual, mf and any other appropriate fees (other then destination) for the X5 5.0i. I live in Los Angeles, CA If that matters....
  • delta737hdelta737h Posts: 603
    Ross,

    Many thanks for your kind words. Fees are obtained from the dealer and right here at Edmunds. The host can provide information on finance captive money factors, residuals, acquisition fees, and incentives. The dealer can provide info on their doc fee, DMV fees, etc.

    Sales tax is determined by your state. As far as my lease program is concerned, I no longer provide it to anyone. I learned that some people were using it for financial gain and so I'm no longer providing it. I have a comprehensive program covering all 50 states and some of the calculations are quite complex that took considerable time to develop. I will, however, provide copies of sample lease proposals if you email me at...

    diffeq@zoominternet.net

    John
  • delta737hdelta737h Posts: 603
    edited July 2010
    porsche11,

    All the numbers are correctly calculated. However, your bank fee of $925 has been inflated by $200 over the normal $725. It doesn't appear as though you're financing anything and you haven't made a cap reduction. Therefore, the sell price, gross cap, and adjusted cap all reflect the same value of $55,255. I don't know whether $580 over invoice is good or not. Have you checked overstock at zag.com for the lowest competitive pricing in your area? Are there any cash incentives available?

    The $749 security deposit looks rather peculiar. Seems that it should be $750 as fund providers typically round the payment up to the next whole $25 or $50.

    Overall, it seems that you got a reasonable deal but nothing to write home about.

    John
  • tocheer4tocheer4 Posts: 9
    edited July 2010
    Got the following deal from Seattle Dealer

    2011 X5 35i Premium
    Has Conv, Cold, Running Board, Hi-Fi, Park distance control
    MSRP 58,375
    Lease for 36th months, 12k / year
    Dealer Selling price
    56375
    Bank fee 925
    monthly 813.62 and downpayment is 3524.

    Is it good deal?

    Thanks

    tocheer4
  • joanne17joanne17 Posts: 1
    I'm trying to lease a 2011 BMW X5, and can get a grasp on what is reasonable for monthly payment and cash due at signing. What number can I negotiate with the manager to bring the cost down (i.e. what are fixed fees and what are negotiable fees?). Any other advise would be really appreciated -- I feel very vulnerable because I don't feel that I have all the information.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi cntv121. Unfortunately, the $4,500 is only available on diesel models. BMW is not currently providing any cash incentives on non-diesel X5s that I am aware of.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I certainly do, rravin. Here you go.

    BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2011 X5 5.0i with 15,000 miles per year are .00180 and 60%, respectively for consumers who qualify for its top credit tiers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings joanne17. I don't know if you're new to leasing, but if you are, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rravinrravin Posts: 27
    Thanks for the info car man. So the MF for the 2011 X5 5.0i is less than for 2011 X5 3.5 Premium (I saw a post earlier in the month that stated the MF is .00210). Is this true or did the MF on the X5 3.5 premium come down? Also, what are the numbers for 12k for both vehicles?
  • bmw_carbmw_car Posts: 10
    Is it 0.0018 or 0.00210 for July ?
    Are the rates going to be same or lower in Aug ?
  • zheckszhecks Posts: 36
    2011 X5 3.5 Premium MF is also 0.00210 for July.
  • Hi, What are the numbers for August 2010? Are they any better than July's?
    I have my x5 35i Premium being built and have an agreement with dealer that they will change the contract if numbers in August are lower.
    Appreciate your help
    Alex
  • dk_bmwdk_bmw Posts: 1
    edited August 2010
    Just ordered a BMW X5 today to be built, and am unsure about my lease deal. I would greatly appreciate any feedback from members, as I think I might still have time to re-negotiate throughout the weekend, as the order was just placed.

    Here is the information:

    Ordered a 2011 X5 xDrive35d
    with premium package, premium sound package, navigation, rear climate package
    Total suggested price= $60,575.00
    (minus a $4,500 eco credit)

    Dealer offered:
    36m/12K
    $747.93 (including tax)
    with $0 down- just inception fees of $1980 due at signing, which includes first month's payment.

    Could someone please let me know if my lease deal is good, or if I have room, and time to renegotiate.

    Thanks so much!
  • zheckszhecks Posts: 36
    You should be able to get a better deal. I just got mine $800 above invoice (MSRP 60,025 and I paid $56,600). I saw another person on the board got the 35i Premium just $500 over invoice.
  • bmw_carbmw_car Posts: 10
    I agree with tocheer4. I recently negotiated a 35i Premium with MSRP of 61075 and $825 over invoice ( $56175 ).

    Check your local area pricing at http://amexnetwork.zag.com/main.html

    It will also give you invoice price and the dealer cost which is lower than invoice price.

    I was having a misconception originally that invoice price is what dealers are paying but the fact of the matter is that dealer cost is lower than invoice. In my case, the dealer cost was $54793 which was $1382 less than invoice, so even with $825 over invoice, the dealer was making a profit of $2207 on selling price only.
  • delta737hdelta737h Posts: 603
    The difference between dealer invoice and dealer cost is primarily holdback.

    John
  • Wondering if anyone knows the MF/residual for the 35d - 15k miles for 36 and 42 months.

    Also, does anyone know the interest rate for the OwnersChoice financing from BMW? I have been quoted 6% for 15k/42months.

    Thanks!
  • Vista Motors in Pompano Beach, FL, supposedly the largest BMW dealer in the country is telling me that 4% off of MSRP/$2,800 discount on a $62,500 vehicle is the best they can do. Anyone out there beg to differ on what I really should be looking for in terms of a discount?

    Thanks!
  • kerbkerb Posts: 88
    Hi CarMan:

    Could you provide the rate factor and residual for a 2010 & 2011 X5 35i based on a 36 month/10k lease and 36 month 12K lease.

    Thanks!
  • jj_x5jj_x5 Posts: 2
    I've been soliciting quotes for a 2011 X5 Diesel. I have excellent credit (800+ credit score) so I should not have any problems qualifying for top tier financing with BMWFS. The August lease factor is .00221. However, I've been told that I cannot get this rate unless I put down a security deposit. Without a security deposit, I've been quoted. 00225. Is this correct? Can a more favorable lease factor be tied to the security deposit? I was under the impression that it was strictly based on your credit rating. Any insight is appreciated. Thanks!
  • HI Carman -

    First - this is an awesome site to ask questions and gain feedback - i've just discovered it and am really appreciative.

    Would you mind reviewing the lease deal I've negotiated and confirming it? Many thanks.

    2011 BMW X5.0
    Cold Weather Pgk
    Premium Pkg
    Premium Sound Pkg
    Rear Climate Pkg
    Tech Pkg
    Sport Pkg.
    Roof Rails
    Running Boards
    Smartphone Integration

    MSRP $70,625
    Agreed Price: $66,935
    12,000 miles per year 36 months
    Due at signing $3,056.16 (1st payment, Security $950, Acquisition $725, Fees/Insurance $397.50, upfront tax $67.35)
    $916.31 month
    Rate 0.00200

    Just trying to confirm if the deal is good - I received other quotes way above this.

    Many thanks for taking a look.
  • Sorry Car_man - meant to add the residual to the deal I described above - the residual on the lease is $43,787.50

    Thanks for your perspective.
This discussion has been closed.