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BMW X6 Lease Questions

kyfdxkyfdx Posts: 28,626
Ask your BMW X6 lease questions here!

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  • Hello,
    I am interested in leasing an X6. Is there any residual or money factor values out there that may be able to help me? Anyone have any deals I can compare?
    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi beemerseeker. BMW still isn't providing any sort of lease support on the X6. As a result, if you were to lease one through BMW Financial Services right now, you would have to use its standard lease program. BMW FS' buy rate standard lease money factor varies by region, but it should be around .00270.

    As usual, this model's residual values vary by term and mileage allowance. You never mentioned what you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. BMW FS' current 36 month, 15k residual value for an '08 X6xDrive35i is 50%.

    Car_man
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  • jdl300jdl300 Posts: 11
    What is the current residual value for the X6's anyone know?

    thx
  • Hi jdl300. BMW Financial Services' residual values for the X6 vary by trim level, term, and mileage allowance. You never mentioned what any of these variables are, so for now I will have to make some assumptions. Let me know if you want something different.

    BMW FS' current residual value for a 36 month lease of a 2009 X6 35i with 15,000 miles per year is 57%.

    Car_man
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  • What have you guys been paying for capitol cost? Or basically the price of the X6.
  • 29202920 Posts: 3
    I leased a X6 3,5 last week for 24 month and 12.000 miles.

    The residual was 63 and I got the base rate from BMW Financial Services 0.002. I also paid the base fee in acquisition cost (fee for setting up the lease) 725$.

    I had to leave one month security deposit to get the base rate, because I am new BMW owner. But you will get the money back at the end of lease.

    You can find the monthly rates from BMWFS on bimmerfest.com/forums - ask a dealer.

    The dealer tried to add to the fees and rates, but when I told him, that I knew the monthly rates, he caved in.
  • Hi carman,

    Do you happen to know the residual and mf on a x6 35 for 36 10k and 12k respectively. I went to a dealer yesterday and he said he's offering a fully loaded x6 with msrp of 69000 and invoice of 64500. He went below invoice at 62k which he is claiming but I really have a feeling hes trying to manipulate the numbers. He also integrated the lease of 1750 in the computation. Should i ask for this separately?
  • Hi antonjosh. Here's the information that you're looking for. BMW Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2009 X6 35i with 12,000 miles per year are .00200 and 59%, respectively. The residual value for a lease of this vehicle with only 10,000 miles per year would be 1% higher.

    As long as the dealer uses the above money factor to calculate your payment and gives you a selling price that you're happy with, there isn't a whole lot that they can do to trick you into paying more than you should for this truck. Let's work up a sample lease payment using the numbers that you mentioned to give you an idea of how much you should be paying.

    According to my calculations, if you were to lease a 2009 BMW X6 35i that has an MSRP of $69,000 and a selling price of $62,000 through BMW FS right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $797. This would drop slightly to $780 for a lease with only 10,000 miles per year.

    Car_man
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  • Hi Car_man,

    I was looking over BMW advertised lease deal on the X6 XDrive35i and can not replicate the numbers to arrive at their $609/mth payment.

    http://www.bmwusa.com/Standard/Content/FinancialServices/LeaseOfferDetail.aspx?e- - nc=V+7BXiPGxXkKwyb+LzmAIw==

    $609 First months payment
    $4,300 Down payment
    $650 Security Deposit
    $725 Acquisition fee
    $6,284 Cash due at signing

    Are they using a money factor of .002 and a residual of 60%?

    I assumed that the MSRP and selling price was $58,925.

    Thanks,
    Alex
  • Hi Alex. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 X6 xDrive35i with 10,000 miles per year are indeed .00200 and 60%, respectively.

    Car_man
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  • Hi Car Man,

    Thank you for confirming my rates Unfortunately, I still cannot arrive at their $609/mth payment.

    Here are my calculations:

    MSRP: $58,925.00
    Cap Reduction: $6,050 ($4300 Down payment + $1,750 BMW lease cash)
    Money Factor: 0.0020
    Residual: 60%
    Lease Term: 36

    Payment: $663.13
    Residual @ end of lease: $35,355.00 (matches what BMW says in the fine print)

    Up Front:

    $609 First months payment
    $4,300 Down payment
    $650 Security Deposit
    $725 Acquisition fee
    Taxes (~$2207)
    --------------------------------
    $8,491 Cash due at signing

    I can't seem to figure out what I'm doing wrong ... maybe there is something I'm missing?

    Thanks again,
    Alex
  • You're welcome, Alex. I think that the problem is that you are basing this lease on full MSRP when the advertisement probably assumes that some sort of dealer discount is being provided. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Knock some money off of this car's capitalized cost for a dealer discount and you should be able to arrive at the advertised payment.

    Car_man
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  • Hi Car Man,

    Thanks again. If I reduce the selling price to $57,107 (MSRP $58,925) it kicks the payment down to $609. That is a $1,818 discount off MSRP. I wasn't aware that BMW FS could advertise a lease that is not based on the selling price being the same as MSRP. Also, BMW doesn't mention anything about a discount in the fine print. The $1,818 discount is around 40% of the difference between invoice and MSRP on the X6.

    -Alex
  • Hi Carman-
    Looking to lease a 2009 X6 5.0, 72000 msrp, 36 month, 12K per year, minimum down. Can you give me an approx lease rate? Please include residual, money factor, and discount from msrp assumptions. Thank you, bill
  • I'd be happy to help you out, roadking1. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 X6 5.0 with 12,000 miles per year are .00175 and 60%, respectively.

    I am not personally all that familiar with what the market is like for the X6 right now price-wise, but you might be able to get an idea of how much you will have to pay for one by stopping by the "BMW X6 Prices Paid and Buying Experience" discussion.

    Car_man
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  • vwangvwang Posts: 1
    What are the November Lease rates for a 2009 X6 5.0? I found a great deal on a 2009, but their lease rates seem higher than what I would expect.

    Thanks!!
  • Hi vwang. Through the end of the year, BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2009 X6 5.0 with 15,000 miles per year are .00235 and 58%, respectively.

    You never mentioned how long you want to lease this vehicle for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.

    Car_man
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  • Hi Car_man,

    I have been following the rates pretty closely and I am pretty sure the BMW FS rates for November (and December) for 15k miles/yr are:

    XDrive 35i - 57% Residua / MF of 0.00225
    XDrive 35i - 58% Residua / MF of 0.00220
    X6M - 52% Residual / MF of 0.00225

    *Also a holiday credit of $2500 on the 35i and 50i.

    Do you have different info?

    Thanks,
    Alex
  • Hi rac10000. Sorry for the delay in my response. I took some time off for the holidays.

    BMW just introduced its new January lease program a couple of days ago. Here's an update on the numbers for the vehicles that you mentioned, just in case you're still interested.

    BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 X6 35i with 15,000 miles per year are .00175 and 58%, respectively.

    The numbers for an otherwise identical lease of a 2010 X6 M are .00225 and 52%.

    The $2,500 Holiday Credit is no longer available.

    Car_man
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  • Thanks, Car_man!

    No worries! I hope you enjoyed your holiday. The new numbers don't look too bad. Only a few dollars difference between this month (w/o the holiday credit) and last month (w/ the holiday credit). They really dropped the MF to compensate ...
  • jbihun1jbihun1 Posts: 16
    So fellas, tell me if this math is correct:

    Assuming a $68,000 price (title, tax and all that in there)

    $68,000 * .58 = $39,440 value

    68,0000 - 39,440 = $28,560 / 36 = $793

    28,560 * .00175 = $49.98

    Payment = 793 + 49.98 = $842

    Correct?
  • kyfdxkyfdx Posts: 28,626
    1) Residual percentage is multiplied against the MSRP, not actual selling price, etc.

    2) (Selling price + residual) X Money Factor = Finance charge (so, you'll find this number quite a bit higher than your calculation)

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  • roadddog53roadddog53 Pasadena, CAPosts: 7
    My calculations are $1190 per month and change using the residual/money factor/lease term.
  • kkraveckkravec Posts: 6
    Does anyone know updated residuals and money factor's for the 2011 3.5 model? Thank you in advance.

    Based on 12k miles and 36 mo lease
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kkravec. Here's the information that you're looking for. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 X6 3.5 with 12,000 mies per year are .00240 and 62%, respectively.

    Car_man
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  • kkraveckkravec Posts: 6
    Thank you Car_man. I appreciate you getting those numbers together for me.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem kkravec.

    Car_man
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  • needv8coupeneedv8coupe Posts: 5
    edited April 2010
    Hi
    I am new to this post and any help will be highly appreciated.

    I am looking to lease a X6 2011, with tech package, premium and cold weather package. I am in washington dc. I talked to couple dealers in area and one agrees to give me invoice price but still making $902 / month payment with 12K miles per year (36 month lease).

    he is charging me $1275 delivery charges ( I dont know why)

    I told him that I have used online calculators and the payment is low and he is giving me no real answer. I am returning my BMW 335i lease this month, so I guess I get the bmw loyality rates ?? Also he said he is doing 62% residual. In dc you pay 10% every month as a usage tax instead of sales tax. (10% of the payment).

    Please let me know whats the residual and MF for 2011 and guide me whats a good payment with 0 down and only first month payment.

    One more thing, what the 12K and 15K MF or residual difference please. Any idea if May will get better then april rates?

    Thanks alot
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome needv8coupe. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 X6 35i with 15,000 miles per year are .00240 and 60%, respectively. If you were to lease this vehicle with only 12,000 miles per year, its residual value would be 2% higher.

    I would be happy to use this lease program to work up a sample lease payment on the exact vehicle that you are interested in for you, but in order for me to do so I need you to provide me with its full MSRP and approximate selling price (or at least its MSRP and invoice price) first. These numbers are available over in the New Vehicle Pricing section of Edmunds.com.

    It's difficult to say what BMW's May lease program for 2011 models will be like at this point. If I had to make an educated guess, I'd say that it will be at least as attractive as its current program, but again it's tough to say for certain.

    BMW is only providing the special .00050 money factor reduction for loyal customers on 2010 1-Series and 3-Series models, so that program is not applicable here.

    Car_man
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  • Thanks alot car_man, I went to local dealers and the best they could come up with is $906/month with 0 down on a 2011 x35i

    I might wait and take over someone lease. The msrp for the car I like is $62,205 and the discounted price they gave me is $58450.

    Thanks for clearing the loyality program, so basically BMW want to create a loyality plan to the class and not to brand (mean they should do reduction on everything across the board).

    thanks
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