Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier BMW X5 Lease Questions

1969799101102115

Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi snow26. I believe that Drive for Team USA is a BMW-sponsored test drive event. Consumers who are invited to it are able to get an additional cash incentive.

    The BMW Ultimate Drive App is a smart phone App that one can download. Consumers who schedule a test drive through it are eligible for an additional cash incentive off of a new BMW.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi snow26. Other than the $750 owner loyalty cash that is available on both, there really is not any cash incentives on either the 2012 or 2013 X5 right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Gerry. The .00145 money factor that you have seen mentioned here is indeed correct. If your credit is in good shape, the dealer that quoted you the .00165 factor is marking your rate up to add additional back-end profit to your deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 4tune4tune Posts: 15
    Thanks Car_man, the dealer is not going down on the MF of 0.00165, can you please tell me the 2013 BMW X5 residual on a 36 month 10k and 12k lease. Thanks.
  • gerry70gerry70 Posts: 3
    Car_Man,

    Thanks for the info regarding MF. Knowing that, I'm better prepared to negotiate my lease payment.

    I'm still fighting their contention that I can't combine the USAA member $1000 discount with the BMW Drive for USA $1000 credit, the BMW Loyalty $750 credit and the BMW Ultimate Drive $500 toward first lease payment. Am I asking too much of them??
  • 4tune4tune Posts: 15
    Hi gerry70, all the incentives you are trying to get are stackable. Meaning you can combine them all. None of them are mutually exclusive. Don't let the dealer tell you otherwise. I checked all the rules on each of them and none of them say that they cant be combined. Hope this helps.
  • habitat1habitat1 Posts: 4,282
    Are you sure about that? I was told that the drive event $1,000 could be applied on top of the others, but that one could EITHER get a USAA or a BMW Loyalty discount, but not both of those. We were working with a sales manager that had a direct line to a BMW financial services "insider" and was able to let us know 2 weeks in advance that the $4,500 eco-credit was going to be extended past the original July 9 expiration date, so I'd be surprised if he was wrong about this either/or question.
  • bmwgal3bmwgal3 Posts: 13
    4tune, this looks like a better deal than I have found. Please tell
    me where you got a deal at $500 over invoice, before the rebates. The lowest I can find in Northern California is $1000 over invoice..
  • nd_irishnd_irish Posts: 33
    Hi Car_man,

    I would like to know what the August 2012 money factor and residual would be for a 2013 BMW X5 50i lease with 36 months and 12,000 miles per year. Thanks, again!
  • Dear Car_Man

    Can you please look at the following deal and see if it reasonable:

    2012 x5d with premium and cold weather package (nothing else added).
    MSRP $61845
    Selling $58250
    Loyalty $750
    Eco credit $4500
    MF 0.00145
    Residual 57% for 10K and 36months
    No down payment
    Due at pick $835 (includes delivery, doc, first month payment)
    Monthly payments 680$ including about 30$ WV tax.

    Does this sound like a good deal?
  • bdr127bdr127 Posts: 950
    Hi Car_Man,

    Interested in getting 12k and 15k miles residuals for the X5... Any difference between the base/premium/SAV trims? I assume the buy rate MF is still 0.00145 for August?

    Thanks for your help!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    No problem 4tune. BMW Financial Services' buy rate lease money factor and residual value for a 36-month lease of a 2013 X5 xDrive35i Premium with 12,000 miles per year are .00145 and 59%, respectively for consumers who qualify for its top credit tier.

    The residual for an otherwise identical lease with 10,000 miles per year would be 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi nd_irish. BMW Financial Services' August buy rate lease money factor and residual value for a 36-month lease of a 2013 X5 50i with 12,000 miles per year are .00145 and 61%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • nd_irishnd_irish Posts: 33
    Thanks, again, Car_man!
  • Hi Car_Man

    Can you please look at the following deal and see if it is reasonable:

    2012 x5d with premium and cold weather package.
    MSRP $61845
    Selling $58250
    Loyalty $750
    Eco credit $4500
    MF 0.00145
    Residual 57% for 10K and 36months
    No down payment
    Due at pick $835 (includes delivery, doc, first month payment)
    Monthly payments 669$ including sales tax.

    Does this sound like a good deal?
  • 4tune4tune Posts: 15
    Hi Car_man, thank you for that information. I have posted on this forum a couple of times and thanks to your information I was able to agree on a great deal on a BMW X5 premium. However, I was checking in with the dealership this week to set up a time to go in to sign papers and the dealership went back on the deal. The sales manager said that the client advisor had made a mistake and the deal is no longer on the table. I had done a credit app but have not signed any papers. Because they have done this I will be walking away from the deal. Just wanted to make sure I am not liable. Please advise. Thanks.
  • habitat1habitat1 Posts: 4,282
    How could you be liable for THEIR mistake, even if you signed papers?

    If anything, you could claim damages against them if you lost another deal, due to their mistake, but it's probably not worth taking legal action.

    FWIW, the sales manager at a BMW dealership in Baltimore went out of his way to call me on my office and cell phone when he realized that I as not a previous BMW customer and they made a mistake on a quote. He offered that if I still wanted tl drive 50 miles and look at the car, he'd pick up dinner for my family, no obligation to buy.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,914
    Where in Baltimore?

    I leased a car in Silver Spring last September.. flew in and drove it home.. :)

    Moderator - Prices Paid, Lease Questions, SUVs

  • habitat1habitat1 Posts: 4,282
    BMW of Towson.

    We ended up ordering from Silver Spring as they were.the only Maryland dealer that could still order a 2012 X5d to our specs. Picking it up at the performance delivery center Sept 5.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome again nd_irish :).

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.