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2013 and earlier BMW X5 Lease Questions

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Comments

  • kl07rphkl07rph Posts: 22
    edited April 2010
    Thanks for concurring; contrary to your response, I did not even consider that deal. However I was hoping someone here could shed some light into what my dealer was smoking.

    Seems like you got a fair deal however as my post stated, my state (IL) requires sales tax upfront. An ideal comparison would be from someone who leased from a similar state (Texas, Ohio, Illinois, etc) versus another state where taxes are rolled into the monthly payment.

    PS: Not sure if you're insulting me or not, but your condescending "kid" attitude toward me is not appreciated.
  • oiakouoiakou Posts: 18
    Hi kl07rph,
    Taxes:
    - I think the difference b/w IL and other states is that you are taxed on the value of the car (as opposed to just lease payments), but I am pretty sure that you can still roll your sales tax into the lease ("capitalize" it)
    - In Chicago there's also an additional tax on each lease payment

    Amount due at signing: I doubt that it includes sales tax since the inception fee and security deposit is 750 (for non-bmw customers) and 875... So it's not clear what the dealer is doing

    Money Factor/Residual: I've seen different numbers on the internet, you may want to double-check yourself. Dealer can mark-up money factor!!

    In any event, if he's not willing to give more information, he seems to be into game playing :) I guess you have to decide whether you want to deal with that.
  • kl07rphkl07rph Posts: 22
    edited April 2010
    Hi oiakou,

    Thanks for the clarification! I know IL is crazy in that sales tax is applied to the entire car (versus per payment), but I'm still hearing conflicting rules whether tax is paid upfront or not (it's all hearsay since all but 1 dealer have stated tax is upfront). Need to consult my state's books to find the truth...

    I'm glad you confirmed my suspicions; for the life of me I could not come up with the inflated numbers my CA quoted! Not to mention they based the MF on 0.0023 for a '10 X5 3.0, which is much higher than the base 0.00175 listed on ridewthg.com. Compounded with the inflated monthly, I didn't take the deal even if it was one "I couldn't refuse."
  • abuckusabuckus Posts: 3
    1. In Illinois, the state tax is indeed paid all upfront. Either in cash or added to your loan value (if the lender allows). If you lease, it is either paid up front or added to the cap cost and paid entirely over the term of the lease.

    2. X5 money factor for a 36 month lease on a 2011 50i is about .00215.
  • zheckszhecks Posts: 34
    Anyone knows when is the 2011 X5 coming to the showroom?

    thanks in advance.
  • tomy3tomy3 Posts: 20
    I just spoke with a sales person here in the Cleveland area and he said he had one coming Monday or Tuesday of this week.
  • tjs2010tjs2010 Posts: 1
    My lease quote includes a line item for "Total Annual Fees" and the cost is $275. Anyone know what this is? I'm in NY if that makes a difference.
  • awf_axisawf_axis Posts: 136
    Found a 2011 35i in Sacramento, with Premium, Cold, Tech and Sport Package. $62k. Did a quick neighborhood drive and found it much more responsive than a '10 30i and '10 35d. I'm not trying the 50i just because its more than I can justify.

    If the dealer would have disposed of my ML350 with 4 months left on the lease, I would have done the deal, but he said I'd have to get rid of it myself. Couldn't justify the $2300 loss for my impatience.

    The offer (without having to work) was 2k off MSRP, 63% residual but a questionable 0.00264 factor for 36 months (12k miles). More reasonable terms were offered, but I decided not to keep working because I didn't want to deal with the ML.

    CAR_MAN, do you have any official info regarding the money factor for the 2011's? Knowing that Audi has a 0.00101 rate gives me some pause about a factor that is more than double, since Audi's Q5 is supposedly in high demand, yet has the low rate.

    Based on the residual for the BMW, it's almost the same payment on a Q5 with its 49% residual, even though the vehicles are $18k apart (as I want configured).

    Thanks,
  • zheckszhecks Posts: 34
    Here is the money factor for 2011 X5. for 36 months, 0.00230.

    Here is the link. http://www.ridewithg.com/index.php/2010/05/2011-bmw-x5-x6-z4-7-series-lease-rate- s-may-2010/

    I think the salesman is trying to make a couple more bucks on you by charging you a high money factor.

    Also, I think the first shipment is loaded with all options. $62K seems high for a 3.5i X5. The 2010 3.0i X5 is listed mostly at low to mid $50K. I am also looking at the 2011 X5 3.5i but with only the Premium & Technology, 3rd row seat package. Hoping for a better deal somewhere in S. CA

    Guess I have to wait until the early rush is over.
  • eagleeye3eagleeye3 Posts: 44
    My 335i lease is up in 2 months, so I test drove the X5 over the weekend in the San Diego area. I drove the 35 Sport and 50 (did not have one with sport). Man, I was very disappointed with the 35. I recommend everyone drive both first - the 35 is much slower than I expected given the new engine. Given the relatively small difference in price between the 35 Sport and the 50, I would probably go with the V8. Since I drive 9K miles/year, the gas mileage difference is not much of a concern. I must admit I was not overly impressed. The dealer was not helping his cause by referring to a lack of supply, wanting close to sticker, and marking up the money factor. Spare me. Confirms why you only deal with the internet people at the dealer. Definitely going to drive the Range Rover Sport HSE before I make final decision. Good luck to all.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi awf_axis. BMW really isn't providing much in the way of lease support on 2011 models yet. BMW Financial Services' May 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 .00230 and 56%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • kr3pt0nkr3pt0n Posts: 6
    edited May 2010
    Coming to the end of my 335i lease as well in a month or so. Test drove the x5 3.5i and unlike the commenter above felt the vehicle had adequate power. It's not 5.0 but the price of 5.0 is significantly higher.

    I drive less then 10k/year and would like to do a 36m lease. Can anyone tell me a good money factor I should be looking for from a BMW dealership and what is the residual cost when leasing 36month 10k/year? How much over invoice are you getting your 2011 x5?
  • stonfre1stonfre1 Posts: 2
    My 335IX lease is up in a couple of Months, and I ordered a 2011 X5d.... Platnium Grey with Cinnamon, Premium, Comfort, Cold Weather RR seat ent etc..,... My MSRP is $61670 w/o dest
    The Dealership did quote me $2500 off MSRP plus the $4500 eco credit , is that fair? I offered $3500 off today
    I will be leasing it at 10k miles per year. Can you help me out with the residual and money factor? Plan on putting down 10k as cap reduct

    thanks
  • icb2779icb2779 Posts: 25
    What state are you getting the car in? Why are you putting 10k as a cap cost? Send me an e-mail and I will try to help you.
  • stonfre1stonfre1 Posts: 2
    I am putting 10k down to get to a $565 payment...the dealership is in Ca, I am in NV
    email address?
    Thanks
  • fubar2fubar2 Posts: 12
    Someone tell me if i am wasting my time. I want a new 2010 X5, 3 yr lease, 10,000 miles per year, first payment down max, can spend max $700 per month for a lease payment. Ready to lease in June or July. Is this car out of my range completley? Thanks.
  • apa1128apa1128 Posts: 11
    I'm getting ready to pull the trigger on a '11 35d order. I was wondering if anyone had luck getting the dealer to shave off some money factor. We're about $50/mo apart and I want to know if I have a chance of getting that down....
  • jayriderjayrider Posts: 3,196
    edited May 2010
    Check mandvleasing --- they have some listed. Don't know anyone who leased through them so don't know if their prices are real. Post your contact experience.
  • pt838pt838 Posts: 16
    We are picking ours up this week
  • pt838pt838 Posts: 16
    Not too knowledgeable about IL, but we were able to get 12,000 miles per year with no upfront for under $600 per month. Includes Premium Package, you did not mention what equipment you wanted
This discussion has been closed.