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2013 and earlier BMW X5 Lease Questions



  • Hello degeo. The money factor and residual value that you were quoted for the '11 X5 Diesel that you're interested in look good.

    Let's take a look at this truck's selling price. The X5 that you're interested in probably has a spread of around $4,400 between its full MSRP and its dealer invoice price. The $3,285 dealer discount that you were quoted probably puts you at a little over $1,000 over invoice...which isn't bad.

    If you're in an area with a ton of competition and you feel like shopping around you might be able to shave a couple hundred dollars off of your cap cost, but again this isn't a bad deal.

    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan....thanks. Yes, I think the problem was that I was dealing with the only dealer in town and they were acting like it. I went to neighboring city with 3 dealerships and amazingly had different result. Shopping the deal helps! I got 1200k over dealer invoice and waived security deposit as I have excellent credit and have a relationship with BMWFS through my BMW motorcycle purchase so didn't have to do a buy down. Got a MF of .00221 and a 61% residual. Several of the misc fees moved down as well. Monthly payment came in exactly where I was hoping it would and about $100 less a month than my local dealer. This is forum is a great help!
  • degeodegeo Posts: 4
    Hi Car_Man:

    Thank You very much for your reply. You are exactly right. I added $1000 on top of the invoice and calculated my deal accordingly. I did the research after reading this forum and must say that this site is extremely helpful in making a right decision. I did not want to shop around as the dealer is close to home and offers complimentary pick-ups and delivery for service.

    Thank You again for all your help. :)
  • can you tell me which dealer you're working with and your total due at signing?

  • mspopilekmspopilek Posts: 2
    edited October 2010
    So I was wondering if the lease deal I am being offered is good or not.

    2011 x5 Premium with options comes to MSRP of $59925 with destination charge
    Negotiated Cap Cost $57134.10
    + $725 acquisition fee
    = $57,589.10 Gross Cap Cost
    Money Factor .00220
    60% residual
    36 months
    15,000 miles
    6.0% sales tax
    $863.73 monthly payment
    Up front costs:
    1st month $863.73
    + $900 security deposit
    +389 dealer fee
    +266.50 title and registration
    +$27.33 tax

  • Hey! I'm so glad I found this site. Reading this thread has been pretty helpful. I haven't made a deal on a car on my own ever (my ex always took the lead on this sort of stuff) and I could really use some help! Do you think this is a good offer? I have been in touch with four dealers and out of the two that have gotten back to me this is the lowest. I'm just afraid they smell my inexperience, kwim?

    2011 X5 premium
    36 months
    12k miles per year

    Convenience pkg
    Cold weather pkg
    Technology pkg
    3rd row seat

    MSRP $61,225

    $1,239 due at signing (1st pmt plus mv fees)
    $879 per month (tax and bank fee are in the monthly payments)

    I have also been thinking about financing. I'm kind of scared to spend almost 30k on a lease and walk away with nothing at the end. I asked for some finance pricing today and the dealer is getting back to me. Does anyone have an opinion on this with regards to this specific car? Today I plan on researching what the car will be worth 5 years from now so I can try and figure out if financing would mean saving in the end.

  • Looking to lease (36mth @ 15k) a 2011 x5 35i loaded- MSRP $52250. We have not locked in final price, but they are using a money factor of 0.0026 and a residual of 56%. Dealer is in Cincinnati OH and has an aquistion fee of $725, document fee of $250, and tag fee of $33. Does this sound in-line? Are there any incentives for dealers that could help me get below invoice?
  • Your lease deal seems good to me-I've scanned enough of these on various websites/forums and yours seems fair as long as no more money is required from you as a capital cost reduction and as you state all the taxes are already rolled in to this monthly. As far as your lease versus buy quandary your tax advisor might be able to shed some light on this if you own a business that can treat the lease fee favorably. I had great satifaction at Field"s BMW in Northfiled, IL(suburb of Chicago) Google them-they have other dealerships in major cities. Hope this helps.
  • delta737hdelta737h Posts: 603
    edited October 2010

    A good deal is measured by the sell price (negotiable) and the money factor (may or may not be negotiable) as well as the residual (non-negotiable). I assume that the "Negotiated Cap Cost" of $57,134.10 is the sell price or what is called the Agreed Upon Value in leasing jargon. It would behoove you to research Edmund's invoice pricing as well as overstock or amex at for competitive low pricing in your area if you haven't already done so. Also, if you have outstanding credit, you need to determine whether or not the 0.00220 money factor is the "buy rate" which is the lowest rate offered to those with excellent credit. If it isn't, make sure you're getting the buy rate.

    It appears as though your car is to be registered in a state that taxes the payment streams as they're received (e.g., PA, MA, CA, FL). Some states compute sales tax on the sell price; others on the total of the taxable payments and, then, there are those that tax depreciation only. Regarding the numbers you provided, your gross cap should be $57,859.10 which is also your adjusted cap as there is no cap reduction. Also, I'm not sure where the upfront tax of $27.33 is coming from. The only taxable item listed upfront is the $389 dealer doc fee for which the tax should be 0.06 x $389 = $23.34.

    I would research the sell price and inquire as to whether or not the 0.00220 money factor reflects the buy rate. Also, ask about the $27.33 upfront tax as it doesn't make any sense.

    Hope this helps.

  • rphmanrphman Posts: 24
    1. how do they calculate your secuirty deposit? based on your payment??

    2. i have a paid off trade in which is a it smart to trade in acadia and use it to reduce capitilized cost?

    3. see attachment if they give me close to kbb lease payment would be around $110 with trade in..

    4. if i put down 7 extra security deposits..would lower my payment to $ would my 7 security deposits be 110 x 7 = $770 extra
  • Thanks for your response. I thought I would update. I actually got them down to $840 a month with nothing down except for 1st month and motor vehicle fees (tax included in payment). I'm happy with the price and closing.

  • How and where were you able to obtain that stong of a purchase. we are in the market for 50i and would apprecaite the inside scoupe on getting the best deal we can. I was getting info from the dealer regarding the "Select" financing option have you heard of this. they finance 60months with a baloon payment due on payment 61.

    any and all advice would be appreciated, thanks.
  • Enjoy your "truck" what color? Running boards? Turbo engine I suspect. Because you opted for third seat there is no room for a spare. You probably have run flats;I have them and love them. My 2007 X5 4.8 had them and my 2011 3.5 has them. Wax your truck at earliest convenience. Any questions fire away.
  • production305production305 Posts: 2
    edited October 2010
    Sharing my lease with would be buyers...on order ~5 week wait. They were off by a few $ (~$250) over my calculations.


    2011 X5 3.5 Sport; White / Oyster, 12K/36 Mo
    Cold Weather
    Sat Radio
    BMW Assist w/ Bluetooth

    $250 Over Invoice at $53,300 Buy / $56,975 MSRP

    MSRP: $56,975
    Buy: $53,300
    Residual: $35,894 (63%)
    Depreciation: $490 ($17,405/36 months)
    Finance fee: $197 (@ .00220....[$35,894+$53,300]*0.00220)
    Total: $687 - buy at $685 (~$7 more than my calculation)

    $4307 Up front:
    1st Month: $685
    Acquisition $725
    Security $700
    Doc $75
    Tags: $250
    Tax: $1,872 (7.375% calculated on $25,385 ... $24,660 monthly payments and $725 acquisition)

    Hope this helps, PM me with any questions or the dealer
  • How much work was it to negotiate that deal? What was your reason for going with a lease vs the finance program with the baloon payment?

    Looks like you got a pretty good deal. What dealer was this?

    thanks for the post
  • Possibly interested in leasing a 2011 X5 diesel. Would anyone know the MF and residual on a 36 or 42 month lease with 12k miles/year?
  • this sounds like a good deal..sorry can't seem to figure out how to PM you..can you provide the dealer information? i'm in bergen county nj
  • Thanks :)

    I got the deep sea blue w/ beige interior and poplar wood. I did not get the running boards b/c of all the discoloration issues I have read about. I will wax asap. Thanks again! I feel like I negotiated pretty strong and ended up with a great deal! I'm proud of myself, lol- and reading all these posts helped SO much!
  • It was no problem at all in negotiating the price; just shared with them what is being offered in the market. Negotiation/discussion took no more than 30 minutes - then the paperwork nightmare! I chose the lease as (according to Roundel) the 3rd gen X5 is anticipated in 2013 and the 5 series would probably be due for a mid-cycle refresh. I cannot see myself keeping the car for a long time as the technology is always improving and I like a new car every so often. With the cost of the car post maintenance, if purchasing I would opt for an Acura or Lexus. 5+ years and no issue with my Acura; my E39 and E60 post maintenance have both been expensive after the free maintenance period. Leasing (a BMW) just made sense given the high residual and new models/updates that may be potentially be on the horizon - plus, I am buying this as my winter car.

    Let me say that all the deals in my area were willing to meet the pricing; it came down to 2 - I had the great fortune to work with two wonderful salesmen - and that made the difference. Other dealers may have been closer or offered more perks - but the people I contacted / negotiated with just ... well, sucked - one even said he had to be haughty as he worked in an upper class area selling a luxury vehicle. But he met the pricing.

    My two final choices were Orange County BMW in Harriman and Westchester BMW in White Plains. I ended up at Westchester, right place, right time, right relationship. My old sales guy moved, so after 2 cars from him - had to find a new sales guy - hopefully, this guy will work out just as well in the future. I would also give BMW of Tenafly a try- great folks - just too far away.

    Good Luck.
  • You're very welcome, vision_tx. I'm glad that you found this forum so helpful. Nice job cutting $100/month off of this truck's payment. You're absolutely right, it's amazing what a difference a little competition will make when shopping for a new vehicle :).

    Enjoy your new ride!

    Prices Paid: Buying & Leasing Experiences Forum
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