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2013 and earlier BMW X5 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi raksgal. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2011 X5 Diesel with 15,000 miles per year are .00205 and 53%, respectively.

    This factor would be .00030 lower for loyal customers. The residual value would be 2% higher for a lease with only 12,000 miles per year.

    When negotiating your lease, make sure to find out what selling price the dealer is charging you for the truck that you're interested in. the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number it is difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi bmwpower2010. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2012 X5 35i Sport Activity with 15,000 miles per year are .00200 and 58%, respectively.

    This factor is lowered by .00030 for loyal customers.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi rseale1. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2011 X5 35i Premium with 12,000 miles per year are .00185 and 59%, respectively.

    The numbers for the base model are .00200 and 56%.

    These money factors are .00030 lower for loyal customers.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi mannydom. The answer to your question is yes...and no. Vehicles' residual values are essentially set in stone and are not negotiable.

    Banks set vehicles' buy rate lease money factors. This is the lowest rate that dealers are allowed to charge on vehicles. Dealers are however often allowed to mark vehicles' money factors up to add additional hidden profit to deals. BMW dealers are notorious for doing this. That is why it is important to always find out what your vehicle's buy rate is before leasing it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I'd be happy to work up a payment for you, raksgal. However in order for me to do so I need you to provide me this vehicle's MSRP as well.

    Car_man
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  • raksgalraksgal Posts: 18
    edited March 2011
    Car_man,

    For 2011 BMW X5 Diesel with the following specs:

    36m/12K Miles
    MSRP: $62,000
    BEST Selling Price: $55,600 ...I am targeting $54,000

    Tech package, Premium package, Ipod USB adapter, Heated front seats, Running boards, 3rd row seat and Roof rails

    Vermilion Red metallic with Beige Interior and Dark Burl walnut wood trim

    Can you please help me with the BEST (most econmical) quote I should be aiming for ?

    I really appreciate your input

    Thanks
  • ab10000ab10000 Posts: 127
    I think 54k is fair for 2011
    BMW is taking orders for 2012
    Check the deals for 2012
  • raksgalraksgal Posts: 18
    For 2012, BMW included several options in the base, but also bumped up the base price by almost 4K I guess. It may or may not work. I will check that as well
  • raksgalraksgal Posts: 18
    As per True Car, the recommended best price is $53,000 only.
  • ab10000ab10000 Posts: 127
    What is the MSRP and selling price?
    Sound like a great deal
    Which dealer is this?
  • raksgalraksgal Posts: 18
    53K is the recommended best price by truecar.com.

    I am waiting on feedback from Car_Man
  • lviv35lviv35 Posts: 5
    hi
    what would be money factor and residual value for a 36 month 10K lease for 35 premium? is there a way to get a lease with less mileage? I barely put 20K in 3 years. that's the beauty of leaving in the city...
  • raksgalraksgal Posts: 18
    Car_man,

    For 2011 BMW X5 Diesel with the following specs:

    36m/12K Miles
    MSRP: $62,000
    BEST Selling Price: $55,600 ...I am targeting $54,000

    Tech package, Premium package, Ipod USB adapter, Heated front seats, Running boards, 3rd row seat and Roof rails

    Vermilion Red metallic with Beige Interior and Dark Burl walnut wood trim

    Can you please help me with the BEST (most econmical) quote I should be aiming for ?

    I really appreciate your input

    Thanks
  • raksgalraksgal Posts: 18
    Car_Man,

    I am right now car-less. Eagerly awaiting your feedback

    Thanks
  • beopersonbeoperson Posts: 54
    Looks like April number are exactly the same as March - got a call from a dealer today. I was hoping they would change for the better.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi raksgal. This truck probably has a spread of just under $5,000 between its full MSRP and its dealer invoice price. BMW is providing a $3,500 option credit on X5 Diesel models on top of that. That's a total of $8,500 to play with during your negotiations. So theoretically the price that you are targeting is probably attainable, but it is probably slightly aggressive.

    Car_man
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  • Definitely attainable, but it takes some effort and possibly even taking what they have on the lot as opposed to ordering. I bought my 2011 X5 35d at a dealer 1 hour from my home with the following options:

    Platinum Grey Metallic, Black Nevada Leather
    Premium
    Convenience
    Technology
    Cold Weather
    Rear Climate
    Roof Rails, Running Boards
    IPod, Satellite

    MSRP - $61,825
    Paid - $54,033 (incl eco credit)

    Negotiated $61,825 down to what he claimed was his invoice of $57,533 (he showed me the computer screen with this amount next to dealer cost - however, multiple sites had the invoice a little less, Edmunds $56,775, Kelly BB $56,975, not sure about the difference, but I figured close to $8k off MSRP was pretty good).

    One tip for you, I began the negotiations by using the USAA car buying service (AAA, Amex and others have something very similar, it's run by Zag). The service identified this dealer, they called me the same day I entered my requested car into the site, and there was very little back and forth after that. The USAA site showed my price at $700 over invoice ($58,065), then subtracted the Eco Credit to end up at $54,565. I ended up getting an additional $500 off of that price, probably because I was willing to take the X5 off of their lot on the last day of the month. Anyway, $54k is possible, you just have to want it! Good luck! Sorry, one more tip...use Bank of America to finance it instead of BMW Financial. BofA is offering 2.99 for 60 months or 3.49 for 72 months (my actual APR for 72 ended up at 3.67), which is still way better than the 4.9 for 72 that BMW is offering. That's it...once again, good luck and enjoy the 35d, it's AWESOME!
  • ab10000ab10000 Posts: 127
    which city and state you are in?
  • Philadelphia, PA. However, I purchased the vehicle at Open Road BMW in Edison, NJ.
  • zoranzoran Posts: 68
    What are deals for 2012 diesels?
This discussion has been closed.