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2013 and earlier BMW X5 Lease Questions

1484951535477

Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi raksgal. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2011 X5 Diesel with 15,000 miles per year are .00205 and 53%, respectively.

    This factor would be .00030 lower for loyal customers. The residual value would be 2% higher for a lease with only 12,000 miles per year.

    When negotiating your lease, make sure to find out what selling price the dealer is charging you for the truck that you're interested in. the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number it is difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bmwpower2010. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2012 X5 35i Sport Activity with 15,000 miles per year are .00200 and 58%, respectively.

    This factor is lowered by .00030 for loyal customers.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rseale1. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2011 X5 35i Premium with 12,000 miles per year are .00185 and 59%, respectively.

    The numbers for the base model are .00200 and 56%.

    These money factors are .00030 lower for loyal customers.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mannydom. The answer to your question is yes...and no. Vehicles' residual values are essentially set in stone and are not negotiable.

    Banks set vehicles' buy rate lease money factors. This is the lowest rate that dealers are allowed to charge on vehicles. Dealers are however often allowed to mark vehicles' money factors up to add additional hidden profit to deals. BMW dealers are notorious for doing this. That is why it is important to always find out what your vehicle's buy rate is before leasing it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to work up a payment for you, raksgal. However in order for me to do so I need you to provide me this vehicle's MSRP as well.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • raksgalraksgal Posts: 18
    edited March 2011
    Car_man,

    For 2011 BMW X5 Diesel with the following specs:

    36m/12K Miles
    MSRP: $62,000
    BEST Selling Price: $55,600 ...I am targeting $54,000

    Tech package, Premium package, Ipod USB adapter, Heated front seats, Running boards, 3rd row seat and Roof rails

    Vermilion Red metallic with Beige Interior and Dark Burl walnut wood trim

    Can you please help me with the BEST (most econmical) quote I should be aiming for ?

    I really appreciate your input

    Thanks
  • ab10000ab10000 Posts: 127
    I think 54k is fair for 2011
    BMW is taking orders for 2012
    Check the deals for 2012
  • raksgalraksgal Posts: 18
    For 2012, BMW included several options in the base, but also bumped up the base price by almost 4K I guess. It may or may not work. I will check that as well
  • raksgalraksgal Posts: 18
    As per True Car, the recommended best price is $53,000 only.
  • ab10000ab10000 Posts: 127
    What is the MSRP and selling price?
    Sound like a great deal
    Which dealer is this?
  • raksgalraksgal Posts: 18
    53K is the recommended best price by truecar.com.

    I am waiting on feedback from Car_Man
  • lviv35lviv35 Posts: 5
    hi
    what would be money factor and residual value for a 36 month 10K lease for 35 premium? is there a way to get a lease with less mileage? I barely put 20K in 3 years. that's the beauty of leaving in the city...
  • raksgalraksgal Posts: 18
    Car_man,

    For 2011 BMW X5 Diesel with the following specs:

    36m/12K Miles
    MSRP: $62,000
    BEST Selling Price: $55,600 ...I am targeting $54,000

    Tech package, Premium package, Ipod USB adapter, Heated front seats, Running boards, 3rd row seat and Roof rails

    Vermilion Red metallic with Beige Interior and Dark Burl walnut wood trim

    Can you please help me with the BEST (most econmical) quote I should be aiming for ?

    I really appreciate your input

    Thanks
  • raksgalraksgal Posts: 18
    Car_Man,

    I am right now car-less. Eagerly awaiting your feedback

    Thanks
  • beopersonbeoperson Posts: 54
    Looks like April number are exactly the same as March - got a call from a dealer today. I was hoping they would change for the better.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi raksgal. This truck probably has a spread of just under $5,000 between its full MSRP and its dealer invoice price. BMW is providing a $3,500 option credit on X5 Diesel models on top of that. That's a total of $8,500 to play with during your negotiations. So theoretically the price that you are targeting is probably attainable, but it is probably slightly aggressive.

    Car_man
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  • Definitely attainable, but it takes some effort and possibly even taking what they have on the lot as opposed to ordering. I bought my 2011 X5 35d at a dealer 1 hour from my home with the following options:

    Platinum Grey Metallic, Black Nevada Leather
    Premium
    Convenience
    Technology
    Cold Weather
    Rear Climate
    Roof Rails, Running Boards
    IPod, Satellite

    MSRP - $61,825
    Paid - $54,033 (incl eco credit)

    Negotiated $61,825 down to what he claimed was his invoice of $57,533 (he showed me the computer screen with this amount next to dealer cost - however, multiple sites had the invoice a little less, Edmunds $56,775, Kelly BB $56,975, not sure about the difference, but I figured close to $8k off MSRP was pretty good).

    One tip for you, I began the negotiations by using the USAA car buying service (AAA, Amex and others have something very similar, it's run by Zag). The service identified this dealer, they called me the same day I entered my requested car into the site, and there was very little back and forth after that. The USAA site showed my price at $700 over invoice ($58,065), then subtracted the Eco Credit to end up at $54,565. I ended up getting an additional $500 off of that price, probably because I was willing to take the X5 off of their lot on the last day of the month. Anyway, $54k is possible, you just have to want it! Good luck! Sorry, one more tip...use Bank of America to finance it instead of BMW Financial. BofA is offering 2.99 for 60 months or 3.49 for 72 months (my actual APR for 72 ended up at 3.67), which is still way better than the 4.9 for 72 that BMW is offering. That's it...once again, good luck and enjoy the 35d, it's AWESOME!
  • ab10000ab10000 Posts: 127
    which city and state you are in?
  • Philadelphia, PA. However, I purchased the vehicle at Open Road BMW in Edison, NJ.
  • zoranzoran Posts: 68
    What are deals for 2012 diesels?
  • zoranzoran Posts: 68
    How about April lease and incentives for 2012 x5 diesel?
  • BMW offers a $3,500 Eco Credit on the X5 35d. It's a month to month program that has been offered every month in 2011, but is currently only valid through 5/2...unless they decide to renew it again, which is pretty likely. The financing is 4.9% for 24 - 72 months, you can do better with other lenders (Bank of America for instance). All details of Eco Credit and financing available on the BMW site and on Edmunds under X5 Pricing and Incentives.
  • gcookgcook Posts: 33
    edited April 2011
    How do I even start? I have bought Acuras in the past and they have all the options, so I am a little confused on how to start pricing a BMW. Can anyone help? do I build it out on the bmw site, first, then where do I go from there? How do I get the invoice or where do I start? I know what the MSRP will be. Can anyone give me any tips? I definitely want some options added to the base vehicle. Any starting tips would be great. I am looking at buying in a few months, and don't care if I get a 2011 when 2012 comes out. Just need help figuring it all out.


    invoice $57,385
    MSRP $62,375

    Rear seat entertainment, convenience pkg, premium sound pgk, tech pkg
  • raksgalraksgal Posts: 18
    Carman & Icartwright,

    Thank you for your answers. Please help me with the numbers calculation:

    For 2011 BMW X5 Diesel with the following specs:

    Tech package, Premium package, Ipod USB adapter, Heated front seats, Running boards, 3rd row seat and Roof rails

    MSRP: $61,825

    Selling Price: $53,800
    Sales Tax: 8.25% for Dallas I guess
    Fees: ?? (What is this number you recommend?)

    36 Month lease
    12,000 Miles a year

    Residual: 55% (is this correct for April ?)
    Money factor: .00205 (is this correct for April ?)


    $3,000 Due at signing = $??? a month is the correct payment ? (please include tax as well).

    I will highly appreciate your feedback

    Thanks
  • Want to end my lease (2010 528i) early for a X5 with 3rd row seat. I have 12K miles with 16 months remaining on 3yr/10K per year agreement. Is there an early termination fee for such transfer (BMW to BMW), and any suggestion on which route I should take.

    Thanks.
  • kyfdxkyfdx Posts: 28,447
    If you have a relatively low payment, then a service like Swapalease can help you find someone to take over your current lease... then, you can go get a new one.

    There really is no early termination fee or plan. If you turn your car in, they'll sell it at auction and you'll owe the difference between that number and the balance owed on your lease. That number will likely be huge. Alternatively, you could try trading it in to your BMW dealer, and paying the difference between the trade-in allowance and your lease balance. Also, likely to be a huge number.

    You could get lucky, but in general, exiting a lease early is very expensive.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • sunnyvalisunnyvali Posts: 32
    Which dealer in Dallas quoted you the price. It is better thank I have been quoted. Please let me know. I am looking for the same.

    Thanks.
  • I'm not an expert on BMW lease deals, I stick to the financing side of things. I'll have to defer to Carman on this one...Good luck with your lease and new SAV!
  • mannydommannydom Posts: 29
    Thanks so much Car_man. What is a "vehicle's buy rate?" Are you referring to the agreed upon price of the car? What about my other question regarding having to get new license plates every time i start a new lease? Is that a gimmick? Can I demand to keep the same plates? Thanks again.

    My lease ends in mid-May and I want to lease my third X5. Any predictions for 3 year 15,000 miles per year lease? Can you comment on loyalty discount?
  • Thanks for your info. I spoke with BMW Financial Services and basically a dealer would need to buy the car for $34,370.67, and anything less I would need to cover. Plus the new acquisition cost and other fees to lease a X5.
This discussion has been closed.