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2013 and earlier BMW X5 Lease Questions

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  • fubar2fubar2 Posts: 12
    can someone comment on this....mandv leasing? or leasing companies in general.....good or bad? Im sure there are stories that go both ways but in general shouldnt i be able to get a better deal by dealing direct? anybody had any other leasing experiences with car leasing companies?
  • jayriderjayrider Posts: 3,250
    You would think you could do as well on your own. Easy way to check. Get a quote from mandv --- include the inception fees and take the quote to your dealer to meet or beat. Check miles and months.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kr3pt0n. According to the latest information that I have seen, through the end of June BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2011 X5 35i with 10,000 miles per year are .00230 and 59%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi stonfre1. According to the latest information that I have seen, through June 30th BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2011 X5d with 10,000 miles per year are .00230 and 59%, respectively.

    BMW is scheduled to announce its May sales results today. Even though its current lease program is not scheduled to end until the end of June it sometimes introduces program enhancements to dealers when it discusses the prior month's sales with them. Please feel free to check back with me in a day or two and I'll gladly let you know if anything has changed.

    I see that you are considering making a huge $10,000 down payment on your lease. I always advise consumers against making large down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. It is much safer to go with a zero down lease.

    If you have money burning a hole in your pocket and you really want to lower your X5's monthly payment, you should consider using the cash to make multiple security deposits. BMW provides a .00007 money factor reduction for every extra deposit that lessees make.

    Car_man
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  • eagleeye3eagleeye3 Posts: 44
    I heard some rumors about tiered money factor rates from BMWFS for certain credit scores. For instance, customer with credit score 740+ would receive a .00035 discount off the "buy rate". I am looking at leasing the X5 35i Sport Activity and the "buy rate" appears to be .0023 (36 months) - which is higher than the loan rates offered by most credit unions (4.25% for 72 mo car loan). It would be a nice payment reduction if tiered rates were truly in place. Anyone have any experience with this?
  • zoomazooma Posts: 19
    Car_man,
    Any new info on the June lease rates or enhancements,specifically for premium X5 35i, 36 months and 12k/15k miles per year? TIA
  • I heard that the lease rates haven't changed for June but good news for those of us that want to finance. BMWFS announced today on 2011 x5's 0.9% APR for up to 24 months or 2.9% APR for 25-60 months financing.

    Very good reduction from the previous 4.9% they were offering on 2011 x5's.
  • Can anyone tell me if this is a good deal. Thanks for the help.

    2011 X5 35d ($51,300)
    Black Sapphire Metallic
    Black Nappa Leather ($1,450)
    Dark Bamboo Wood trim
    Sport Activity Package ($2,200)
    Sat Radio ($300)
    Dest and Handling ($875)
    = $56,175 (- eco credit $4500) = MSRP $51,675

    36 months/12k miles a year
    $650 a month without tax
    $650 (first month)+$725 (bank Fee) + $150 (registration)= $1525 total
    out of pocket
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi eagleeye3. BMW has always used a pass / fail sort of system for its lease program rather than tiered rates. Traditionally, it has been either you qualify for BMW Financial Services' best available money factor or you can't lease through them at all...and unless your credit is really messed up you will qualify to lease through them.

    I am not aware of any recent changes to this system.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi zooma. BMW Financial Services' June 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.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi blackknight4. It's good that you know that this truck's exact MSRP is, but you never mentioned an even important number...the selling price that the dealer is charging you for it. The selling prices of leased vehicles are negotiable, just as if you were paying cash for them or financing them. Without this number, it is difficult to tell how large a dealer discount you are being given and in turn whether there is any room left to negotiate.

    Let us know what this truck's selling price is and I'm sure that either myself or another knowledgeable community member will gladly share their opinion on this deal with you.

    Car_man
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  • This is blackknight4. Sorry about that carman. The selling price is $49,649. thanks
  • zheckszhecks Posts: 35
    Anyone has any insights on what is the going price over invoice for a 2011 X5 3.5i Premium? I got a quote for $2500 over invoice. is it a reasonable offer?

    thanks in advance
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks for the additional information, blackknight4. OK, so you're interested in a 2010 BMW X5 35d that has an MSRP of $51,675 and a selling price of $49,649. That's just over a $2,000 dealer discount on a truck that probably has a spread of around $4,400 between its full MSRP and its dealer invoice price. That puts you at $2,000 to $2,500 over dealer invoice.

    I am not intimately familiar with what the market is like for this truck in your area, but that's a lot of room to play with. It probably wouldn't hurt to do a little comparison shopping to see if you can find a dealer that's willing to shave another grand or so off of this truck's price.

    Car_man
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  • kr3pt0nkr3pt0n Posts: 6
    I'm interested in a 36mo 10k/yr lease on x5 5.0 premium, sport, technology and comfort access packages. MSRP $68,425.00. Could anyone tell me what a good lease rate would be with 3000 total due at signing? Should I just negotiate the invoice with the dealer and then telling him I'm leasing?
  • eagleeye3eagleeye3 Posts: 44
    I just ordered an X5 35i Sport Activity for $1000 over invoice in So Cal, but maybe pricing is better in my area. I had two other offers around $1,500 over invoice. Said another way, the MSRP was 64,075 and my selling price was 60,510 (includes $580 for MACO/Training) - which is 3,565 under MSRP.
  • bdell17bdell17 Posts: 6
    I just finalized a 36 month lease on a 2011 35i X5 Premium with convenience, cold weather and tech package, running boards, satellite radio (1 year), MSRP $59,575, 12,000 miles for $799 (no money down). Roughly $1,200 over invoice.

    Residual is 62% and money rate is .00230. Residual on 15k per year is 60%.

    Had 2 dealers in NJ that offered the same deal, just came down to color.
  • zoomazooma Posts: 19
    Did dealers have that car in stock, or did you order? And what color did you end up with?
  • bdell17bdell17 Posts: 6
    As of June 10, I was quoted 62% residual on 12k miles and 60% on 15k miles. Money rate still at .00230
  • bdell17bdell17 Posts: 6
    I decided on the black sapphire metalic. Car was allocated to delaer with delivery on June 25.

    The other color, Silver Metalic, was in stock at another dealer.
This discussion has been closed.