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2013 and earlier BMW X5 Lease Questions

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Comments

  • trabd123trabd123 Posts: 37
    The best deal I can get in Long Island, NY is 728 + tax for 36 months /10K and not with the same equipments or features that this guy has.

    Sometimes, I feel that these deals are too good to be true.

    I received $500 below invoice from a dealer in CT. I'm thinking seriously about buying and skipping the bank and other non-sense fees.
  • tomcat626tomcat626 Posts: 24
    So what options do have get on that $728 deal, trabd123?

    Well, I think that $500 below invoice will make some difference.
  • trabd123trabd123 Posts: 37
    Tech package, iPod/USB, heated front seats, rear climate and satellite radio.

    If I buy the car with 5k down, I would have a 60 month payments of $845. The 2.9% interest rate plus the $500 below invoice will make sense to buy it.
  • jefhack1jefhack1 Posts: 8
    Life Quality BMW is telling me that this loyalty cash is not applied against the cap cost. (Waiting to schedule a call to hear how they aim to apply it). Does this sound right? As part of negotiations, they are also telling me that my cost is $500 above invoice. Hmmm...
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi spiderv6. I'm not sure if anyone has answered this question yet, but just in case they haven't here's the information that you're looking for.

    BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 BMW X5 3.0 with 15,000 miles per year are .00180 and 55%, respectively.

    BMW is currently providing a $1,750 cash incentive on leases of this truck for loyal customers, but no special money factor reduction.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go, Jeff. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2009 BMW X5 3.0 with 10,000 miles per year are .00180 and 58%, respectively.

    Since you are a current BMW lessee, you are eligible for a $1,750 loyalty cash incentive on your new lease. Make sure to take this cash into account when negotiating your vehicle's capitalized cost.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jefhack1. You absolutely can apply the $1,750 loyalty cash incentive that BMW is providing on the X5 right now towards the capitalized cost of your new lease. How does the dealer suggest that you apply it? I suppose that it's six of one and half dozen of another if you decide to use it to pay your truck's first month's payment, acquisition fee, etc... at signing rather than reduce the cap cost anyhow.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • trabd123trabd123 Posts: 37
    I just signed a lease for an X5 3.0 with rear climate, ipod/usb, heated front seats, BMW assist and running boards for $713 (NY sales taxes included) for 36 months and 10k miles. MSRP is 51,125 and selling price is 48k. Bank fee and 1st payment are upfront.

    The dealer said that invoice price is $47,600. I'm not sure if it's true.

    What do you think guys, is it a good deal?
  • tomcat626tomcat626 Posts: 24
    I believe it's a good deal. It's about the best you can get from a honest dealer.
  • mel04mel04 Posts: 1
    CarMan and others, can you please provide your feedback on the following offer in NYC for a X5 3.0 lease:

    Miles: 10K/y
    Residual: 58%
    MF: 0.0018
    MSRP: $57175 (Premium, Tech, and Cold Weather packages)
    Selling Price: $55000
    Cap Cost Reduction: $53250
    Monthly payment (without tax): $713
    Zero down
    Amount due at signing (NY taxes and fees): $4664.68

    Also, any recommendations on a better deal in the NY/NJ/CT areas?
  • x5fan10x5fan10 Posts: 17
    I am in baltimore and planning to lease X5.
    this is the quote i have gotten-
    X5 3.0- technology package, premium, 3rd row, rear entertainment, rear climate and cold package- 55750.

    Need advise- should i tell the dealer NOW, that i am interested in a lease? Or Should i wait for my test drive and tell then, when i actually plan to buy? Also, should i negotiate more?
    Do they ever go below their invoice price? Dealer says his invoice is 55415.

    thanks
  • tomcat626tomcat626 Posts: 24
    IMHO, once you get to their bottom line, which is their selling price, just apply it to the formula, everything else is straight forward. I would send couple of email to different dealers to get quotes first.
  • tomcat626tomcat626 Posts: 24
    It's a good deal to me if the sign off was not that high.
  • I made the following lease deal on a 2009 X5 30i here in Northern Virginia last week at Fairfax BMW. After a couple of days of back and forth, eventually was able to custom order an X5 which will be delivered in 4-6 weeks.

    X5 30i, Vermilion Red, Sand Beige Nevada Leather, Light Poplar Wood Trim
    Premium, Tech, Cold Weather, Rear Climate, iPod Adaptor, Smartphone Integration, HD Radio
    $57,375 MSRP
    $52,955 Selling Price
    $1,750 existing customer additional cap reduction
    additions include VA tax, title, tags
    36 months, 12k mileage allowance
    Residual 55%
    Money Factor .00180
    $1,500 due at signing + First Month payment upon car delivery in 4-6 weeks
    Monthly payment $716

    Dealership initially had money factor of .00220 but thanks to postings in this forum, I knew that was a markup. Salesman initially pitched a custom order to me while emailing back and forth. Once we sat down and started talking numbers it was clear they would not discount a custom order very much, so we started negotiated for a similar car on their lot (not the color that my wife wanted), so after getting that car down to basically the same numbers as above, I still did not want to pay more than $1,500 at signing (ie, no additional $716 first month payment). Manager stepped in and said there is just no way to go lower...and after much hand wringing he suggested just letting us custom order and that got us the color we wanted and pushed the first month payment back 4-6 weeks, which actually worked better for us since we have an existing lease on a Volvo that is set to expire in July. Manager said they train their salespersons not to negotiate pricing very much on custom orders and to try to move the cars already on their lot (makes sense). I think it is a fair deal and the guys at Fairfax BMW were very pleasant to deal with.
  • sleepie28sleepie28 Posts: 5
    Hi everyone,

    It looks like BMW Financial Srv is offering a $1750 Lease Cash Offer for X5 3.0 and 4.8i. For anyone or Car_man, is this Lease Cash available in conjunction with the Loyalty Cash (which is also $1750)?

    Do you guys know the buy rate MF for June on the x5 4.8i? I'm gonna get my car next week! Thanks a million!

    sleepie
  • tomcat626tomcat626 Posts: 24
    $1750 for everyone? Is this true? I can't believe it!!
  • sleepie28sleepie28 Posts: 5
    That's what I'm trying to get confirmation. I was told last month that the only thing available was the $1750 loyalty cash (for current bmw owners).

    But I'm trying to see if I'm actually eligible for both! :P
  • tomcat626tomcat626 Posts: 24
    Check this out http://www.bmwoffairfax.com/financing/

    BMW OWNER LOYALTY FOR EVERYONE !!!
  • x5fan10x5fan10 Posts: 17
    JOhn
    Thanks for the info. So how did u negotiate the MF? And the rseidual value- i thot it was 57% for 36mo and 12k.
    Also, what would u recommend- shud i tell the dealer NOW or when i negotiate the price, that i am in for a lease. And when i tell him that i am in for a lease, what new surprises should i be prepared for?
    thanks
    ps i am a bit nervous since this is my first lease
  • sleepie28sleepie28 Posts: 5
    thanks for the clarification - i guess i can only deduct $1750 once.

    thanks so much for your post tho!
This discussion has been closed.