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2013 and earlier BMW X5 Lease Questions

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Comments

  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,881
    Payment?

    Selling price?

    Moderator - Prices Paid, Lease Questions, SUVs

  • elanspelansp Posts: 36
    Car_man-

    Here are the details as received from dealer on a 2009 x5 4.8i:
    MSRP 61,970
    PRICE : 57,196

    He said BMW money factor - .00155 with 59% residual

    $8,379.56 out of pocket for 1st mo, security, DMV fees, NJ and luxury taxes, etc etc etc. This is for 10k/year 3 year term.

    Anyone - thoughts???
  • elanspelansp Posts: 36
    BTW above numbers included the $1750 credit...
  • so190so190 Posts: 3
    Kyfdx, thanks for your reply and sorry for my not including the complete info.

    The payment is $577+tax
    MSRP is $65,770
    Demo vehicle with 12,993 miles
    The dealer said they would subtract $0.2 * the current odom of 12,993 from the MSRP to calculate the lease price.

    Purchase option is $34,398..

    Thanks once again.
  • so190so190 Posts: 3
    And the selling price is $53,993.. Thanks.
  • jayriderjayrider Posts: 3,195
    $560 + $232 = $79x.xx per month zero down. $9500 a year for the priviledge of bimmering. If it's small change re your income -- why not.
  • dpeck1dpeck1 Posts: 51
    Have a deal in lease 3.0 Brass Hat purchased at BMW auction. Car has 14,000 miles. dealer claims he bought car for 50,000 and has to buy the additional miles.

    MSRP 57,700
    The worksheet says inital cap cost 51,000
    Total add cap costs 925

    cash cap reduction 2500
    adjusted cap cost - 49,424

    MF is .0018
    resideual is 53.93 % because of miles

    Amount due at start is 4,741 on worksheet. Dealer then applies 1750 and I owe about 3,000 upon signing with a payment of $692 oer month including taxes.
    15K miles per year, 36 months.

    It seems that they are charging me for the miles? Good deal? Please advise if you need more info.

    Thanks
  • jayriderjayrider Posts: 3,195
    Don't know about the lease but bmw dealer in springfield, il is advertising new x5's for 49k -- 10k off msrp. Try them for a lease.
  • How much is your monthly payement? Maybe I missed it.
  • Hey Car_man,

    Do you know what were the monthly pymts for the X5 tec2 posted. I am interested in picking one up as well. What is the selling price I should be looking for? Thanks.
  • I didn't do the deal. No help from the board or CARMAN. Where are you?

    What are the September MFs and REsids on a 36 mo lease 15k for a 3.0 vs. a 35d?

    Thanks
  • jayriderjayrider Posts: 3,195
    Check ridewithg.com for leasing info.
  • I just checked with the IRS (actually spoke with one of their experts), and he directed me to the instructions for form 8910 which states that in order to claim the $1,800 federal tax credit for a 2009 or 2010 BMW X5 diesel "You are the owner of the vehicle. If the vehicle is leased, only the lessor and not the lessee, is entitled to the credit". There have been several posts here suggesting that the lessee can claim the tax credit for a clean burn diesel. They cannot.
  • Hi. I'm looking to lease a BMW x5 3.0i. I'm located in Los Angeles. What can I expect to pay for a 36 month lease with 0 down?

    Thanks,
    JD
  • jayriderjayrider Posts: 3,195
    Depends on the msrp and actual selling price of the truck. The range between a base vehicle and a loaded one is huge. Then you need to figure the depreciation and the money factor. Read earlier posts to get an idea of monthly payments. $800 per month with super credit should be attainable rolling in everything.
  • Hey elansp. If I was in the market for a 2009 X5 right now, I personally would shoot for a selling price of around $500 over dealer invoice minus all of the available cash incentives. It is difficult to say whether a dealer in your area will be willing to accept this offer, but that's what I personally would aim for.

    You should be able to get some good feedback on how much you will have to pay for this truck right now by visiting the "BMW X5 Prices Paid and Buying Experience" discussion.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi elansp. The money factor and residual value that you were quoted for this truck are perfect. They're right in line with BMW Financial Services' current program. That's always a good thing.

    Now let's look at this vehicle's selling price. There is probably a gap of a little over $4,800 between this truck's full MSRP and its selling price. Add to this the $1,750 cash incentive that is available on leases of it right now and you have a total of around $6,650 to play with during your negotiations. You were quoted a discount of $4,774. That is probably right around $1,875 over dealer invoice. If I was in the market for this truck, I personally would want a larger dealer discount than that...particularly if I lived in an area that has a high level of competition like you do You may want to try comparison shopping with another dealer or two to see if you can beat this offer.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi ccarrill. If I was in the market for an X5 right now, I personally would shoot for a selling price of around $500 over dealer invoice minus the available $1,750 cash incentive that is currently available on leases of it. It is difficult to say whether you would be able to attain this price in your area, but it's worth a shot.

    Make sure to stop by the "BMW X5 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar trucks right now before entering into any serious negotiations with dealers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello jdroth. Jayrider is right. This truck's lease payment will depend upon its MSRP and selling price. If you let us know what these numbers are, I'm sure that either myself or another helpful community member will be happy to work up an approximate lease payment on it for you.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • They dont have the current numbers
This discussion has been closed.