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2013 and earlier BMW X5 Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I'd be happy to, oiakou. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 X5 35i with 15,000 miles per year are .00220 and 56%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi pnbn. The $4,500 credit is available on the 2011 X5 diesel as well, so don't worry about missing out on it by waiting. If I was in your shoes, I definitely would not waste the final three payments on my current lease.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • What should I be paying for this car? Here are the numbers the dealer quoted me.

    Thanks in advance! :)

    VEHICLE: 2010
    BMW X5 xDrive35d
    COLOR: Alpine White
    UPHOLSTERY: Black Nevada Leather

    Base Price $51,300.00
    0ZPP Premium Package 3,400.00
    0328 Running Boards 300.00
    0386 Roof rails 100.00
    04AZ Dark Bamboo Wood Trim 0.00
    06FL iPod and USB Adapter 400.00

    Destination and Handling 875.00
    TOTAL AS EQUIPPED $56,375.00
    SELLING PRICE $50,875.00

    Lease Terms
    Lender BMW Financial Services
    Term 36 Months
    Mileage 12,000/year
    Money Factor 2.7
    Residual Factor 56%

    Selling Price $50,875.00
    Bank Fee $925.00

    Total Capitalized Cost
    $51,800.00

    Residual Value $31,570.00
    Total Depreciation $20,230.00
    Capital Reduction ($0.00)
    Monthly Depreciation $561.94
    Monthly Rent $225.10

    Monthly Payment $787.04
    Tax (8.75%) $68.87

    Monthly Payment + Tax $855.91

    Capital Reduction ($0.00)
    Cap Reduction Tax (8.75%) $3.94
    License & Registration $696.75
    Documentation Fee $45.00
    First Payment $855.91
    Security Deposit $900.00

    Drive Off $2,501.60

    Trade Equity $0.00
    Rebate $0.00

    Due at Signing $2,501.60
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,951
    A few things...

    1) There is a $4500 rebate (eco-credit) on the diesel.. This means they are only giving you a $1000 discount from MSRP. I'll be generous to the dealer, and say you should get at least a $2000 discount (if not more).

    2) The base acquisition fee is $725.. they are marking it up the maximum allowed ($200).

    3) I'm not sure of the April lease program, but I think the base MF is either .0023 or .0024. Since your rate is .0027, I'm going to guess they also marked this up the maximum from .0023

    4) In case you were wondering the CAP reduction tax is on the document fee, which is taxed.

    So.. possible savings with some negotiation (or introducing some competition).

    $1000 lower price
    $200 lower acq.fee
    $33/mo. lower money factor

    Total savings over your quote: $80 mo. + tax = $87/mo. after tax

    $769/mo vs. $856/mo...

    That's what I would shoot for (if not even a little less). Cars that have $4500 rebates are evidently not moving that well... There is over a $5000 spread between MSRP and Invoice on this vehicle... My example only shows a $2K discount ($1K more than your deal). You may be able to get $2500 or even $3500 discount, with shopping, negotiation and competition..

    Every $100 lower saves you $3.25/mo. including tax. When you start negotiating thousands lower, it really adds up. Also, lower payments mean less money due upfront in the lower first payment and lower security deposit.

    regards,
    kyfdx
    Host-Prices Paid Forums

    Moderator - Prices Paid, Lease Questions, SUVs

  • Thank you so much for your information! You have been very helpful :)
  • pinup22pinup22 Posts: 3
    Thoughts on leasing direct (not thru a dealership) through a company like http://www.autoleasedirect.com/ ?
  • abuckusabuckus Posts: 3
    edited April 2010
    Thanks in advance for your help!

    1) I have an offer for a 2011 X5 50i. $1,000 over invoice. Sounds like that is a good price based on what others' experiences are?

    2) 36 month lease; 12,000 miles annually: Quoted money factor is .00215. Residual value of 62%. Good?

    3) Any thought that the money factor will decline in the next 45 days? It is twice the level of what is available for 2010s, apparently.

    4) Does BMW have incentives for returning lease customers? The salesman tells me that I won't have to pay another Acquisition Fee. I did not pay a Security Deposit last time and he says that I won't this time either.

    Thanks again for your help.
  • jayriderjayrider Posts: 3,202
    If they drop the money factor they usually drop the residual. They play games. When they offer customer cash the figures also seem to be adjusted. The perfect storm of high rv + low mf + big discounts ? Probably not going to happen. At least not when YOU want to buy.
  • oiakouoiakou Posts: 18
    This forum has been very helpful for me, so posting this info for those looking for the last few of 2010 3.0 X5 remaining on the market. I pulled the trigger on the following lease on March 31st, 2010.

    Car: MSRP: 58125 (Base 47600, Cold Weather Pkg 1250, Premium 3400, Rear Climate Pkg 900, Tech Pkg 2800, Spare 150, Running Boards 300, Roof Rails 100, iPod&USB 400, Sat Radio 350, Dest 875)

    Lease: 36mo, 10K/year
    Monthly: 740.87 including NY Tax
    Out of Pocket: 2922

    Lease Details:
    Buy Price: 53990.10
    Adjusted Cap Cost: 56344.13
    Out of pocket: 2922 (Capt Cost Reduction 76, 1st Mo 740, Sec Deposit 750, Reg Fee 295, Acq Fee 875, Doc Fee 185)
  • wildcat_1wildcat_1 Posts: 9
    edited April 2010
    Hi all

    I am in the market for an X5 lease (my expedition lease is coming to an end). I am still on the fence about the diesel or petrol (worried about adblue costs and whether with gas prices will still save money) and am also wondering at this point is it better to lease a 2011 and build new (would be a 35d or 35i Premium). Here were the 2010 builds I put together. I was hoping someone could give me some idea on what would be a great deal on these here in CO. Last question, would the cold weather here in CO affect the diesel performance a lot ?

    Thanks all in advance for any help you can give me. My current lease ends in June so need to get something rolling soon:

    X5 35d
    Base MSRP $51,300
    Alpine White $0
    Sand Beige Nevada Leather $0
    Dark Burl Walnut wood trim $0
    Premium Package $3,400
    Rear Climate Package $900
    Sport Activity Package $2,200
    • Multi-contour seats
    $900
    Technology Package $2,800
    Heated front seats $500
    Roof rails $100
    Running boards $300
    Smartphone Integration $150
    iPod and USB adapter $400
    Aerodynamic Kit $1,211
    Destination & Handling: $875
    Total MSRP as Built $65,036

    X5 4.8i
    Base MSRP $56,300
    Alpine White $0
    Sand Beige Nevada Leather $0
    Dark Burl Walnut wood trim $0
    Premium Package $2,200
    Rear Climate Package $900
    Sport Activity Package $2,200
    • Multi-contour seats
    $900
    Technology Package $2,800
    Heated front seats $500
    Roof rails $100
    Running boards $300
    Aerodynamic Kit $1,211
    Destination & Handling: $875
    Total MSRP as Built $68,286
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi abuckus. Here 's the answers to the questions that you asked:

    1) $1,000 over dealer invoice sounds reasonable for a 2011 X5 to me, though you might be able to shave a couple hundred dollars off of that if you are in an area that has a decent level of competition and you shop around.

    2) The money factor ad residual value that you were quoted look good.

    3) BMW's current lease program is scheduled to run through April 30th. It's difficult to say what its MAy lease program for this truck will be like, but if you're not in a hurry I don't think that you have anything to lose by waiting to lease a 2011 model. While BMW has a decent level of lease support on 2010 models, its programs on 2011 models aren't really that great yet.

    4) BMW is providing special lower money factors on certain 2010 models for loyal customers (1- & 3-Series), but it does not have any loyalty programs on 2011 models yet.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • "What should I be paying for this car? Here are the numbers the dealer quoted me.
    Thanks in advance!
    VEHICLE: 2010
    BMW X5 xDrive35d
    COLOR: Alpine White
    UPHOLSTERY: Black Nevada Leather
    Base Price $51,300.00
    0ZPP Premium Package 3,400.00
    0328 Running Boards 300.00
    0386 Roof rails 100.00
    04AZ Dark Bamboo Wood Trim 0.00
    06FL iPod and USB Adapter 400.00
    Destination and Handling 875.00
    TOTAL AS EQUIPPED $56,375.00
    SELLING PRICE $50,875.00
    Lease Terms
    Lender BMW Financial Services
    Term 36 Months
    Mileage 12,000/year
    Money Factor 2.7
    Residual Factor 56%
    Selling Price $50,875.00
    Bank Fee $925.00
    Total Capitalized Cost
    $51,800.00
    Residual Value $31,570.00
    Total Depreciation $20,230.00
    Capital Reduction ($0.00)
    Monthly Depreciation $561.94
    Monthly Rent $225.10
    Monthly Payment $787.04
    Tax (8.75%) $68.87
    Monthly Payment + Tax $855.91
    Capital Reduction ($0.00)
    Cap Reduction Tax (8.75%) $3.94
    License & Registration $696.75
    Documentation Fee $45.00
    First Payment $855.91
    Security Deposit $900.00
    Drive Off $2,501.60
    Trade Equity $0.00
    Rebate $0.00
    Due at Signing $2,501.60"

    Not a good deal at all. My 2011 35i came in at just under $58k, 36mo with 10k/yr.
    Final cost is $817/mo with taxes included, $0 down, $1200 out the door.
  • kabbalahkabbalah Posts: 36
    I am coming off my 3rd X5 lease in 4 months, and 4th BMW in 15 years. Looking to do another one. Does BMW financial look closely at credit scores? up until this past year my credit rating was sky high. Due to the economy etc that has all changed and it's pretty bad now. X5 lease is current and up to date although there were a few late charges. Credit cards were the problem and i have been making settlements with them but I'm not done. Will this be a major problem with BMW financial? I've also been told that if you lease a new vehicle in the last 3 months of the contract that BMW will waive the last payments. Any truth to this?

    How easy or likely is it to purchase X5 at end of lease term at a discount from the residual value, and will BMW financial finance it?

    thanks
  • jayriderjayrider Posts: 3,202
    Credit scores count -- especially if there is a preferred rate. They may cut you some slack if you have been on time with your current lease payments -- or not. Just discuss it with your finance mgr. Now, if you need time to sort out your credit issues I suggest walking away from the X5. You don't appear to be in the right place for a super premium ride. All is not lost. The Mazda 5 comes to mind -- brand new from 17-21k depending on the model. Kia Rondo -- Hyundai Elantra Touring -- Just step back for a few years -- late model impalas are great buys.
    Leasing is tougher than buying when credit issues are involved. Good luck.
  • kabbalahkabbalah Posts: 36
    Thanks for your input but I need one of the hosts or a BMW guy to answer for me.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi kabbalah. BMW Financial Services uses a pass / fail system for its lease program. Either your credit score is good enough to qualify for its best available rates or you can't lease through them at all. From what I have seen in the past, BMW FS tends to be fairly lenient about who it approves for leases. You will probably be able to lease through them unless your credit is reeeally messed up. If your credit is bad enough that BMW FS won't approve you then you probably should lease something less expensive and work on improving your financial situation.

    BMW does run official early lease termination programs for time to time where it will waive the remaining payments for returning lessees. While I am not aware of any such program right now, it is possible that BMW is indeed running one. Ask a dealer to find out for certain. Just make sure that BMW FS is actually waiving your payments and the dealer is not just making them for you. The latter will have a negative impact upon your ability to negotiate the best possible deal on your new lease.

    Most banks will not negotiate the end-of-term purchase option prices of leased vehicles. Having said this, they will occasionally do so so it never hurts to ask. Place a call directly to BMW FS and see what they can do for you. If your initial contact there isn't willing to negotiate, try working your way up the ladder to a manager. That sometimes will yield better results. Again, more likely than not they won't lower your vehicle's price but you don't have anything to lose by trying.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • kl07rphkl07rph Posts: 22
    Hello everyone!

    Wife and I are deciding on an X5 3.5 and was wondering if anyone in the Chicago area used the Costco Auto program prior to negotiating more? Trying to determine if it's worthwhile joining Costco or not.

    Thanks!
  • sherilahsherilah Posts: 1
    Hello,

    I was wondering if someone could tell me if this is a good deal, and if not, what we should try to negotiate. Here it goes:

    2011 X5 in Sparkling Bronze, Sand Beige Nevada Leather
    Convenience Pkg
    Tech Pkg
    Running Boards
    Heated front seats
    Bluetooth
    Satellite radio w/1 year sub.
    Rear Seat Entertainment
    Total as Equipped: $60,875
    Destination and Handling $875.00
    MSRP $60,875.00
    Residual %: 62.00%
    Residual Value: $37,742.50
    Cap Cost: $57,375.00
    Bank Fee $725.00
    Adjusted Cap Cost: $58,100.00
    Rate: 0.00230
    Total Monthly Payment: $862.54
    Base Monthly Payment: $785.91
    Use tax: $76.63
    DMV Fee $746
    Doc fee: $45
    California Tire Fee $7.
    Amount Due at Start: $1,664.93

    36 months/12 k per year

    or if we put $5,000 down our total monthly payment is $759.12 incl tax

    Any thoughts would be appreciated
  • kl07rphkl07rph Posts: 22
    edited April 2010
    I hope someone can concur as this lease does not add up for me...

    2010 X5 3.0xdrive Monaco Blue, 36 months 15k mile/year

    MSRP: $59175
    Cap cost: $57000
    MF: 0.0023
    Residual: 60%

    Plus 8% Sales Tax (Due upfront, stupid state): $4560
    $5k cash due at signing (which I assume includes sales tax)
    $895 a month

    How is the dealer coming up w/ something close to $900/month? Assuming tax comes from $5k due at signing, I am only coming w/ lower 800s/month. Dealer won't say how they calculated figures (shady?)

    Hope someone can verify my suspicion
  • you got ripped off kid, read my post all the way up at the top of this page.
This discussion has been closed.