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2013 and earlier BMW X5 Lease Questions
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what sort of monthly payment can get i get from a 3.0 msrp 53225 including preium and tech pacage, 1500 miles per year and 5700 out of pocket. Any help would be much appreciated.
Offer:
52,025.00
798/month incl tax
10,000 mi/yr - 36 months
Money Factor 2.5
Residual 61%
Bank Fee: 825.00
Document Fee: 45.00
Lic. and Reg: 408.75
First Payment: 798.00
Total Drive Off: 2148.00
No Cap reduction.
Where can I do better with these numbers? :confuse:
Thanks, TW
Offer:
51,025
700/month incl tax
15,000 mi/yr - 36 months
Money Factor 2.3
Residual 60%
Total Drive Off: 5700
Is this a good deal? Am i getting enough options for the price
Where can I do better with these numbers in florida?
Buy offer: 55900
$998 including tax.
15,000 mi/yr - 24months
Residual 68%
Total driveoff: 3100.
Could somebody suggest, is it ok to take this deal or can I find better deal?
Thanks
Sam
msrp 53325
sell price 50185
783 inclding tax
total drive off: 1017
Preim package & technology
thats over 3040 off msrp, however its 1130 over invoice. Is this a good deal? If think i can get better in florida, please let me know anyone.
Money factor
Residual
for a term of 24-36 months
$2,500 down
thanks a bunch
Instead of sifting through all past threads, is there any website that give you updated MF and residuals for different make and model cars? Is there not an easier way to figure this out?
Offer details:
x5 base 45900
prem. 5040
Cold weather 900
rear clim. 700
Running boards 300
ipod/usb 400
Total = 53,025
OFFER = 50,345 (he said a flat $1000 over invoice is their best deal on any x5 -- even custom order from factory)
36 mos, MF 2.3 = 730.71
plus CA tax = 790.99
I was only considering another x5 b/c I thought I'd get a better money factor. My husband was quoted the discounted MF of 1.8 ysterday on a new 535xi wagon...
Anyone else heard of no loyalty discount on the money factor on the x5 ?
783 with taxes inclided, Total due at signing 1019.
Car_man
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Let's work up a sample lease payment on the truck that you are interested in. The current MSRP of a 2007 BMW X5 3.0 with the Premium and Tech Packages is $53,325 and its dealer invoice price is $49,055. Let's assume that you are able to get it for $1,000 over invoice. According to my calculations, this would put the 36 month, 15,000 mile per year, zero down, pre-tax monthly payment for it at around $718.
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When you arrive at a selling price that you are comfortable with, have the dealer calculate your lease payment using BMW Financial Services' current buy rate lease money factor of .00230.
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How much was your down payment? My end price also comes around urs. I need PP & tech & the total comes around 53025.
I'll try to match ur price. Also which CA dealer did u go to?
X5 4.8
Sport pkg with 19' wheels
Premium pkg
Premium sound
Rear climate pkg
Comfort(multi contour) seats
Comfort access
Running boards
3rd row seat
Heated front seats
Park distance control
Ipod USB adaptor
Navigation
Satellite radio
and Dealer added BMW towing hook/pkg
MSRP before tow hook is $71,820
36 month, 12/k year, .00230, 60% residual
In addition, there was an $825 aquisition fee from BMW FS, and a $499 doc fee.
Deal was a little complicated because I rolled $2K in mileage overages, and drive off into the cap. Car was roughly $2500 off MSRP. Monthly payment (only 35) is $1134 plus tax.
A question I have for all of you is I have the 19" Michelin Lattitude HP ZP (Run flat) tires. I was offered a road hazard plan for $595 that cover the tires & wheels thru a company called Fidelity Warranty. Plan pays to replace tires & wheels up to a $5,000 lifetime maximum from road hazards. Michelin ZP's are not repairable after a flat according to michelin. Plan was $59 down and 18 equal no interest payments for balance. On my previous X5 4.4, I had at least 3 flats with Michelin Diamaris tires that cost approx $300 each to replace. Any opinions on this warranty? The Bimmer dealer says that they are a good warranty company.
thanks
I have seen community members report getting bigger discounts than $1,000 on the X5 recently. You definitely should stop by the "BMW X5: Prices Paid & Buying Experience" discussion to see how much others have paid for similar vehicles.
As you mentioned, BMW Financial Services' current buy rate lease money factor for the 2007 X5 is .00230 with the payment of a security deposit at lease signing. If a dealer tries to use a higher factor than this to calculate your monthly payment, they are marking-up BMW FS buy rate to add additional, hidden profit to your deal. Tell this dealer that if they won't use the buy rate to calculate your payment, you will shop around to find a dealer that will.
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As far as this vehicle's selling price goes, I am personally not all that familiar with what the market for it is like in your area. You may be able to get an idea of how much you will have to pay for it right now by visiting the following discussion: "BMW X5: Prices Paid & Buying Experience".
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I was wondering what the pitfalls of leasing a Certified Pre-Owned is? Both Audi and BMW "market" them. I have bought many new and used cars over the years, but only leased one new car. I did pretty well but have always thought of leases for New cars.
I am thinking of an X5.
Car includes: premium, technology pack, 3rd row seat, climate, and running board.
Total: $55950
lease: 36 month
milage: 12000/month
cap reduction: $1200
MF: .0027
Res Factor :60%
drive off lease : $7664
monthly payment :$ $824 (not include tax)
I am returning a leased X5 and have to pay around $3800 for over mileage, which it is included in the monthly payment too.
Please can seome expert give me some good advice what to do and am I getting a fair deal? what is the avg monthly payment.
Thanks in advance.
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In your post you mentioned a price of $55,950. Is this the selling price of the X5 that you are interested in? If so, what is its MSRP. I need to see the difference between the two to see how much of a discount you are being given. Let me know and I'll tell you what I think.
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Does the MF apply to the 2008 BMW? or different?
The only concern is for me currently is that the dealer swiped $1000 from my credit card for deposit of the 2008 custom vehicle. But I have no sign anything but just the receipt of credit card. I am feeling that they are trying to force me into buying a much higher cost vehicle. Please advise me of some possiblity of what to do and how to negotiate of a better rate. Thx again.
As far as cost of the car, 08 has free panorama sunroof and wood before you even select Premium package. Premium went down by $1300 so if you were to get premium package or wanted sunroof, you are saving $1300 just right there.
Leasing doesnt get much support from BMW financial though.
2007 BMW X5 4.8i
Active Vent Seat Package
Cold Weather Package
Premium Package
Premium Sound Package
Rear Climate Package
Sport Package (20" Wheels)
Technology Package
Active Steering
Comfort Access System
Running Boards
Rear Manual Side Window Shades
Heated Rear Seats
Rear Seat Entertainment
IPOD / USB Adapter
Head Up Display
*Pretty much all the options with the exception of third row seating.
MSRP: 77275
Negotiated Purchase Price: 73238.00
36 Month Lease with 15,000 miles per year
$1,130 Month
Inception Fees:
- $1130.00 First Month
- $407.52 Cap Cost Reduction
- $28.53 Sales Tax on Cap Cost Reduction
- $1150.00 Security Deposit
- $20.00 Title Fees
- $239.50 Registration Fee
- $625.00 Acquisition Fee
- $256.50 NJ TIRE & RED/DOC FEE
- $292.25 SUPP TITLING FEE
***Total at signing was $4150.00
So to recap $4150 at signing $1130 per month on 15k / 36 months. Did I get ripped off?????
I wish to order an '08 X5 - list is $67M and change. Dealer is quoting a .00310 factor while acknowledging that the '07 factor is .00230 as you reported. That's a whale of a difference - so my questions are: 1) do you think the factor will come down soon after the '08's hit the street - mine would be a Dec. 1st deliver or 2) is there a way for me to get the factor down a this time and 3) is the factor strictly in the control of the dealer (and therefore he is looking at a big profit on this vehicle) or is the base factor set by BMW?
The deal quoted is 2% discount 36 mo @ .00310 or $1023.96 per month (MSRP on this deal was $62175) with 58%.
Thoughts?!?
You say "list is $67M and change" and then say (MSRP on this deal was $62175). "List" is usually MSRP. Is the dealer increasing the price $5,000 over MSRP? What is the negotiated selling price/capitalized cost?
The base MF is set by BMW, but the dealer can jack that up to make the spread more profitable to the dealer.
Don't know about the other questions.
A) Does it matter that we have an excellent credit score when leasing a vehicle? Should it help us get a better interest rate (money factor)?
Because we are currently leasing a BMW and would like to lease another one, does BMW have some kind of a "loyalty program" that should help us get a better deal?
C) Do we get the "residual value" of the car from the dealer and can he lie to us about that? What about the money factor?
Thanks!
Certainly aren't being given much of a discount on your X5. I have seen community members report getting bigger discounts than this. Try stopping by the following discussion to see how much other community members have paid for similar trucks lately: "BMW X5 Prices Paid and Buying Experience". The fact that you have already given the dealer a $1,000 deposit certainly will not help your bargaining position any. The dealer will feel as though it has leverage over you because you will not want to walk away from this deal and risk losing your deposit even if it was supposedly refundable.
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BMW is running a loyalty program that provides enhanced special lease money factors to current lessees on certain models right now. Unfortunately, the X5 is not one of them.
Vehicles' residual values are basically set in stone and individual dealers do not have the ability to alter them. However, dealers can mark-up vehicles' money factors to add hidden profit to deals. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 X5 4.8 with 15,000 miles per year are .00230 and 58%, respectively. Make sure that the dealer you are working with uses these numbers to calculate your truck's monthly payment.
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Thank you for all the information you provide.
I leased a 2006 X5 in June of 2006. It is a three year lease. I am thinking about getting a newer X5 (2007 or 2008) before my lease is up.
The reason for this is to get more options such as a trailor hitch and naviagtion without having to spend $2000 or so to acquire these options, only to lose this money when I turn the vehicle in.
My questions are:
What should I be concerned with (and know about) canceling a lease early even though I want to re-lease from the same dealer?
Does it affect my credit rating?
If I were to go ahead and pay to have the options installed and thereby raise the value of the car, how can this benefit me. Would it only benefit me if I were to buy the car at the lease's end or are there other benefits?
Thanks in advance
Thanks
Monthly payment - $788 (including 7% nj tax)
Initial Payment - $2212
MSRP - $51,625
Selling Price - $49,125 ($2500 off MSRP)
Money factor - 00275
Resdiual Value - $30,975
When I calculated the payment with the above numbers I come up with bet 771-778. I know its not a big difference but hey...
Also there's a $825 BMW bank fee, is this negotiable? I saw the same number from someone else.
Where is the acquisition fee accounted for? In the upfront payment? If not, it would be added to the CAP cost, which could account for your discrepancy.
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If that isn't it, then I give up..
Keep in mind.. I haven't run your numbers..
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I leased a 2006 X5 in June of 2006. It is a three year lease. I am thinking about getting a newer X5 (2007 or 2008) before my lease is up.
The reason for this is to get more options such as a trailor hitch and naviagtion without having to spend $2000 or so to pay for these options now, only to lose this money when I turn the vehicle in.
My questions are:
What should I be concerned with (and know about) canceling a lease early even though I want to re-lease from the same dealer? Do they give you a break on any early termination fees?
Does it affect my credit rating?
If I were to go ahead and pay to have these options installed and thereby raise the value of the car, how can this benefit me. Would it only benefit me if I were to buy the car at the lease's end or are there other benefits?
Thanks in advance
I just picked up a great deal on a 2005 X5 about a month ago through them. You can have someone officially assume your lease through BMW FS (back in Hilliard, Ohio) and you're off the hook. The paperwork takes a couple weeks, but it's the answer. Then you can go get the new vehicle you want. BMW told me they do hundreds of these deals. As we used to say back in Montana when I was a kid...."It's slicker than snot on a doorknob."
Good luck!