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2013 and earlier BMW X5 Lease Questions
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Let me know if you need any other info.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
1. My lease on my X5 is coming to an end. I'm interested in leasing another X5 (the 4.8) this month. Since I'm a returning BMW customer, what is April's money factor, residual value % for a 36 month, 15,000 mile lease. Are there any other values I should know or special lease options available. Edmunds "incentive list" for the X5 4.8 does not have any reported.
Thank you
2009 X5 xDrive30i
Cold Weather
Premium Pkg
Tech Pkg
Running Boards
iPod and USB adapter
Satellite radio w/1 yr subscription
All Weather floor mats
Here's the offer:
Vehicle Price: $58,960.00
Appearance Protection Program: $329.00
Preferred Customer Discount: -$2,948.00
Selling Price: $56,341.00
Sales Tax (estimate): +$5,228.37
Tag/Registration Fees (estimate):$143.00
Documentation Fee: + $151.65
Electronic Filing: + $25.00
Balance Due (estimate): $61,889.02
36 month lease with $2500.00 down: $993.00
BMW is currently providing a $1,750 loyalty cash incentive on leases of this truck to returning customers. Make sure to take this cash into account when negotiating the capitalized cost for your lease.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
0 down lease, 12K per year, 36mos = $944.69 base payment w/o tax
When asked if they are using .00155 as the moneyfactor, am told they mark that up to .00195. But they are using 58% residual since it's 12K a year and not 15K which is 56%.
How close should I a) push to get to invoice price or b) get money factor reduced to .00155. Money factor difference is $1500 over three years.
Even if I leave the price at 67707 (2262 over invoice) but get them to do the .00155 money factor, it's $50/mo less payment!
Any one with similar experiences or negotiation suggestions please post.
I was offered the following premium purchase on X5 with the following features:
- Premium package
- Cold package
- iPod/USB
MSRP: $54,874
Selling Price: $52,265
Interest rate: 2.9%
60 months
10,000 miles/year
down payment: $5,000
monthly payment: $643
Final Payment: 22300
To lease this car for 36 month, 10,000 a year would be $746 a month.
Do these deals make sense? Does the premium purchase make sense? I know that I will have to pay all the taxes up fromt.
Thanks.
09 X5 3.0
Premium Package
Technology Package
Running Boards
iPod/USB
$53,195 - $1830 below Invoice
36 mnths
10k mileage
$1500 down
$794 monthly lease payment including taxes & $1750 returning customer discount
$794/mnth seems a bit steep to me but I'm upgrading from a 3-series so is this a good deal?
Sounds a little high. I got the following quote today from a Long Island, NY dealer:
09 X5 3.0
Premium Package, heated seat, rear climate, sat, ipod
MSPR $54,340
Selling $52,265
10k per year
36 months
$781 including NY state tax (8.75%)
no discount or down payment.
HTH.
I'm not sure why this discussion forum site is not active, is it because of the economy so most of the activities are happening in the Mazda and Toyota forums or because x5 is not a good car?
Does anyone know of a good discussion site that handles this type of cars?
PREMIUM PKG., REAR CLIMATE PKG., TECHNOLOGY PKG., RUNNING BOARDS, HEATED SEATS, IPOD/USB ADAPTER
36mos 12K/y MSRP$56,225
$760+tax +drive off, no down payment
Looks like it's the best they can do, why is it so hard to bring their number down? My 2007 lexus RX350 (selling price $39000) only costs me $500 a month (tax included) with no money down for the same terms.
tidester, host
SUVs and Smart Shopper
I was able to get a 2009 with MSRP of 73320 for 841/mo plus tax, 0 down, 36, 12k.
Maybe I should go for 4.8 as it's only $100 difference in monthly payment.
Money factor
Residual based on 36 mo/10K miles
Current owner loyalty discount
Thanks!
Jeff
jefhack@gmail.com
56% residual and 0.00195 MF for 36mos /12K
http://www.bimmerfest.com/forums/showthread.php?t=347195
$669!!
Sometimes, I feel that these deals are too good to be true.
I received $500 below invoice from a dealer in CT. I'm thinking seriously about buying and skipping the bank and other non-sense fees.
Well, I think that $500 below invoice will make some difference.
If I buy the car with 5k down, I would have a 60 month payments of $845. The 2.9% interest rate plus the $500 below invoice will make sense to buy it.
BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 BMW X5 3.0 with 15,000 miles per year are .00180 and 55%, respectively.
BMW is currently providing a $1,750 cash incentive on leases of this truck for loyal customers, but no special money factor reduction.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Since you are a current BMW lessee, you are eligible for a $1,750 loyalty cash incentive on your new lease. Make sure to take this cash into account when negotiating your vehicle's capitalized cost.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The dealer said that invoice price is $47,600. I'm not sure if it's true.
What do you think guys, is it a good deal?
Miles: 10K/y
Residual: 58%
MF: 0.0018
MSRP: $57175 (Premium, Tech, and Cold Weather packages)
Selling Price: $55000
Cap Cost Reduction: $53250
Monthly payment (without tax): $713
Zero down
Amount due at signing (NY taxes and fees): $4664.68
Also, any recommendations on a better deal in the NY/NJ/CT areas?
this is the quote i have gotten-
X5 3.0- technology package, premium, 3rd row, rear entertainment, rear climate and cold package- 55750.
Need advise- should i tell the dealer NOW, that i am interested in a lease? Or Should i wait for my test drive and tell then, when i actually plan to buy? Also, should i negotiate more?
Do they ever go below their invoice price? Dealer says his invoice is 55415.
thanks
X5 30i, Vermilion Red, Sand Beige Nevada Leather, Light Poplar Wood Trim
Premium, Tech, Cold Weather, Rear Climate, iPod Adaptor, Smartphone Integration, HD Radio
$57,375 MSRP
$52,955 Selling Price
$1,750 existing customer additional cap reduction
additions include VA tax, title, tags
36 months, 12k mileage allowance
Residual 55%
Money Factor .00180
$1,500 due at signing + First Month payment upon car delivery in 4-6 weeks
Monthly payment $716
Dealership initially had money factor of .00220 but thanks to postings in this forum, I knew that was a markup. Salesman initially pitched a custom order to me while emailing back and forth. Once we sat down and started talking numbers it was clear they would not discount a custom order very much, so we started negotiated for a similar car on their lot (not the color that my wife wanted), so after getting that car down to basically the same numbers as above, I still did not want to pay more than $1,500 at signing (ie, no additional $716 first month payment). Manager stepped in and said there is just no way to go lower...and after much hand wringing he suggested just letting us custom order and that got us the color we wanted and pushed the first month payment back 4-6 weeks, which actually worked better for us since we have an existing lease on a Volvo that is set to expire in July. Manager said they train their salespersons not to negotiate pricing very much on custom orders and to try to move the cars already on their lot (makes sense). I think it is a fair deal and the guys at Fairfax BMW were very pleasant to deal with.
It looks like BMW Financial Srv is offering a $1750 Lease Cash Offer for X5 3.0 and 4.8i. For anyone or Car_man, is this Lease Cash available in conjunction with the Loyalty Cash (which is also $1750)?
Do you guys know the buy rate MF for June on the x5 4.8i? I'm gonna get my car next week! Thanks a million!
sleepie
But I'm trying to see if I'm actually eligible for both! :P
BMW OWNER LOYALTY FOR EVERYONE !!!
Thanks for the info. So how did u negotiate the MF? And the rseidual value- i thot it was 57% for 36mo and 12k.
Also, what would u recommend- shud i tell the dealer NOW or when i negotiate the price, that i am in for a lease. And when i tell him that i am in for a lease, what new surprises should i be prepared for?
thanks
ps i am a bit nervous since this is my first lease
thanks so much for your post tho!
I remember that Edmunds lease guide recommended to act like buying before surprising them :-) But, it's your call!
I am waiting to hear back...this is what i have do far-
X5 3.0 black saph with beige leather
cold, prem, tech, 3rd row seat with entertainment and climate
msrp 58225
selling price 54410 plus taxes.
what do u think?
I believe $4000 cap reduction is about touching the bottom line of dealers, at least in SoCal. I still don't know the MF and RV for June though, hopefully they are better.
Also, are we supposed to pay all those fees mentioned on the web site- aquisition and security fee?????
Where do u get info abt june MF and residuals?? Do u have any info yet?
thanks
Security Deposit is totally up to you, it will slightly lower your interest rate (MF) as I mentioned b4.
Ask your dealers about MF and RV, they are not supposed to lie on these. But they still have chance to trick you, guess it's their job.
Did u pay any deposit for the speical order?
My dealer wants me to pay 1000.00 for special order.
Also, before u gave the order, u had straightened all the bends- i mean negotiating lease terms etc etc.
thanks
MF for May on the 4.8i was 0.00155, is June the same?
Thanks!
Let's take a look at the other important number to focus on when leasing, this truck's selling price. This truck probably has a spread of around $4,600 between its full MSRP and its dealer invoice price. Add to this the $1,750 cash incentive that is currently available on leases of it and you have a total of around $6,350 to play with in your negotiations. You were quoted a discount of $2,175 on this truck. I definitely think that you can do better than that, particularly in an area that has a lot of competition like NY. Try comparison shopping with a few other dealers and see if you can beat this price.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
BMW Financial Services' new June buy rate lease money factor and residual value for a 36 month lease of a 2009 X5 4.8 are .00155 and 56%, respectively.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum