Here is the deal I am pondering for a 2015 X5 sticker $70050.00 for a 3 year 10K mile lease:
I own a 2008 BMW X5 with 60K valued on KBB for 19,500 but various dealers and quotes all telling me reality is probably 17,500-18K. The dealer here is crediting $21,750 for my vehicle plus I pay one time lease payment of $14K. The Net Sales Price is $48,499.00 (199.00 admin fee).
OR
I get 21,750 cash for my vehicle and pay 1134.99 per month. Net Sales Price in 70,249.00.
I don't like letting go of money to BMWFS early but the overall cost of the one time payment is $5200 less for 3 years than the monthly payment deal. However, keeping $34K of my own money is appealing.
Payments include all taxes. Dealer said money factor for one time payment is lower than traditional.
Please advise on these offers and any negotiating tactics.
Here is the deal I am pondering for a 2015 X5 sticker $70050.00 for a 3 year 10K mile lease:
I own a 2008 BMW X5 with 60K valued on KBB for 19,500 but various dealers and quotes all telling me reality is probably 17,500-18K. The dealer here is crediting $21,750 for my vehicle plus I pay one time lease payment of $14K. The Net Sales Price is $48,499.00 (199.00 admin fee).
OR
I get 21,750 cash for my vehicle and pay 1134.99 per month. Net Sales Price in 70,249.00.
I don't like letting go of money to BMWFS early but the overall cost of the one time payment is $5200 less for 3 years than the monthly payment deal. However, keeping $34K of my own money is appealing.
Payments include all taxes. Dealer said money factor for one time payment is lower than traditional.
Please advise on these offers and any negotiating tactics.
Thanks!
There is usually a discount on the MF for a one-pay lease, but I don't know the exact number for BMW.
2015 X5 MF is .00130 and the 36/15 residual is 56% (add 1% if sDrive, not xDrive). Add 2% for 12K and 3% for 10K.
Let's separate the two deals - it's possible the dealer is combining all the numbers to confuse you.
MSRP $70050 and net cap of $70,249 - would you be paying the acquisition fee ($795) and other fees and taxes up front? With those prices and the lease numbers I've quoted above, I get a pre-tax payment of $1004.01.
Without knowing where you live I can't help with the tax obligation on top of that.
We don't recommend using trade equity (or cash) to buy down the payment - if the car is stolen or totaled, you are out that money. Instead, consider using the equity as MSD to lower the MF. With the MF reduced to .00081, the pre-tax payment drops to $950.37.
Or, have the dealer write you a check for the trade in and use it to assist with the monthly payments.
X5's are quite popular, and dealers have a hard time keeping them in stock, so I'm not sure how much of a discount from sticker you'll be able to negotiate.
Carman, Looks like residual value for 2014 X5 is 1% less than 2015 X5 I've been quoted 58% for 10K on 2014 X5 xDrive. Is money factor still 0.00130? can you please confirm?
Carman, Looks like residual value for 2014 X5 is 1% less than 2015 X5 I've been quoted 58% for 10K on 2014 X5 xDrive. Is money factor still 0.00130? can you please confirm?
Yes.. 58% for 36/10 on the 2014. 59% for the 2015.
Carman, your help is much appreciated. I'm in California, sticker of 2015 X5 50 is 82,900. Dealer says they will take $2500 off sticker, $3500 DP and it will be $1300 a month--I think this is super high. Telling me residual is $48,802 and MF is .0017. I told them that MF is high based on what I've read here. What would be a fair monthly payment with this price with the MF at .00130? I calculated a payment of around $1,060 plus tax. Is that correct, with only first month's, registration, etc as a downpayment? Thank you!
Carman, your help is much appreciated. I'm in California, sticker of 2015 X5 50 is 82,900. Dealer says they will take $2500 off sticker, $3500 DP and it will be $1300 a month--I think this is super high. Telling me residual is $48,802 and MF is .0017. I told them that MF is high based on what I've read here. What would be a fair monthly payment with this price with the MF at .00130? I calculated a payment of around $1,060 plus tax. Is that correct, with only first month's, registration, etc as a downpayment? Thank you!
Carman, your help is much appreciated. I'm in California, sticker of 2015 X5 50 is 82,900. Dealer says they will take $2500 off sticker, $3500 DP and it will be $1300 a month--I think this is super high. Telling me residual is $48,802 and MF is .0017. I told them that MF is high based on what I've read here. What would be a fair monthly payment with this price with the MF at .00130? I calculated a payment of around $1,060 plus tax. Is that correct, with only first month's, registration, etc as a downpayment? Thank you!
With no CAP cost reduction and a discount of $2500, I get a payment of $1065/mo,+tax. Due at signing would be 1st payment, $725 acq.fee, title/license/doc fees.
.00170 MF raises payment to $1116/mo.+tax
A $3500 CAP cost reduction lowers the payment by about $100/mo.
I'm looking at a lease for an X5. I have a dealer that will honor the true car price that I get which is 6.9% off MSRP. My built car is priced car at 68250 and they will give me for 63500. I am in OH (sales tax 8%)
Is this a good deal?
What should my lease payments be for a 36mo/12K lease?
From using online calculators I get around $4000 down and $762 a month (includes tax, and includes a 950 acquisition fee, not including title, registration etc)
Before I got the dealer to that selling price, he quoted me a price of $63,900 for $910 a month, $2100 down. I didn't get to ask him the RV and MF for that but according to what is written here of 0.0013 and 60% thats doesn't really work out.
I'm not very familiar with this stuff. Can someone give me a hand with making sense of what the dealer is quoting and what I should expect?
I'm looking at a lease for an X5. I have a dealer that will honor the true car price that I get which is 6.9% off MSRP. My built car is priced car at 68250 and they will give me for 63500. I am in OH (sales tax 8%)
Is this a good deal?
What should my lease payments be for a 36mo/12K lease?
From using online calculators I get around $4000 down and $762 a month (includes tax, and includes a 950 acquisition fee, not including title, registration etc)
Before I got the dealer to that selling price, he quoted me a price of $63,900 for $910 a month, $2100 down. I didn't get to ask him the RV and MF for that but according to what is written here of 0.0013 and 60% thats doesn't really work out.
I'm not very familiar with this stuff. Can someone give me a hand with making sense of what the dealer is quoting and what I should expect?
Thanks
The selling price is pretty good at almost 7% off sticker.
Base MF is .00130 and the 36/12 residual is 58%. With the $68,250 MSRP and $63,500 selling price, I get a pre-tax, $0 down payment of $798.32.
We don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose the money. There are up front costs related to a lease - acquisition fees, DMV costs, first payment, etc.
I believe Ohio calculates all the sales tax for the lease up front and you can choose to roll it into the selling price or pay it up front.'
Thanks for the response. I ended up with a 2105 X5 as such:
MSRP 68250 Selling price 63550 875 /month 2080 down
I think this was a good price for the car and the lease payments worked out right.
I didn't like this particular dealer because they were very difficult when I asked them about the MF and RV of the car. Another dealer was very forthright when I asked for those values, but they couldn't match the sales price of the first dealer.
It seems that before I started to pin the dealer down about the MF/RVs they would often direct me away from the sales price and focus on how much down and monthly payments. But when I found out the sales price and tried to calculate it backwards (with leasematic) their prices were always too high. It wasn't till this last quote when I started questioning and asking for breakdowns did it make sense.
What is the deal with the fuzzy math that the dealer pulls? Do they mark up the MF when they don't think you will calculate it on your own? One dealer said the MF should be straight across the board for a given car? Just trying to understand this game that is being played.
Thanks for the response. I ended up with a 2105 X5 as such:
MSRP 68250 Selling price 63550 875 /month 2080 down
I think this was a good price for the car and the lease payments worked out right.
I didn't like this particular dealer because they were very difficult when I asked them about the MF and RV of the car. Another dealer was very forthright when I asked for those values, but they couldn't match the sales price of the first dealer.
It seems that before I started to pin the dealer down about the MF/RVs they would often direct me away from the sales price and focus on how much down and monthly payments. But when I found out the sales price and tried to calculate it backwards (with leasematic) their prices were always too high. It wasn't till this last quote when I started questioning and asking for breakdowns did it make sense.
What is the deal with the fuzzy math that the dealer pulls? Do they mark up the MF when they don't think you will calculate it on your own? One dealer said the MF should be straight across the board for a given car? Just trying to understand this game that is being played.
I think the dealer expects the customer to not be able to run the numbers themselves, and focus on the end result - the monthly payment.
I am running out of options so I decided to join this forum hoping someone can help me. I want to get BMW X5 in alpine white between years 2011 and 2015. My credit score is 633 and monthly payment budget is $500. Is there anyway possible to get this? Anyones help is appreciated greatly.
I am running out of options so I decided to join this forum hoping someone can help me. I want to get BMW X5 in alpine white between years 2011 and 2015. My credit score is 633 and monthly payment budget is $500. Is there anyway possible to get this? Anyones help is appreciated greatly.
Thank you.
Are you looking to buy? Lease? New? Used?
If you are thinking new, $500/mo won't be nearly enough. Read back a few pages in this thread and you'll see that most folks are paying $600-700-800/mo on a lease ... and that is with top credit.
Used? Different scenario completely. And, not one I'm sure I'm qualified to help you with. Use the pricing tools at the top of the page to see what an average price is for used X5's.
Comments
I own a 2008 BMW X5 with 60K valued on KBB for 19,500 but various dealers and quotes all telling me reality is probably 17,500-18K. The dealer here is crediting $21,750 for my vehicle plus I pay one time lease payment of $14K. The Net Sales Price is $48,499.00 (199.00 admin fee).
OR
I get 21,750 cash for my vehicle and pay 1134.99 per month. Net Sales Price in 70,249.00.
I don't like letting go of money to BMWFS early but the overall cost of the one time payment is $5200 less for 3 years than the monthly payment deal. However, keeping $34K of my own money is appealing.
Payments include all taxes. Dealer said money factor for one time payment is lower than traditional.
Please advise on these offers and any negotiating tactics.
Thanks!
2015 X5 MF is .00130 and the 36/15 residual is 56% (add 1% if sDrive, not xDrive). Add 2% for 12K and 3% for 10K.
Let's separate the two deals - it's possible the dealer is combining all the numbers to confuse you.
MSRP $70050 and net cap of $70,249 - would you be paying the acquisition fee ($795) and other fees and taxes up front? With those prices and the lease numbers I've quoted above, I get a pre-tax payment of $1004.01.
Without knowing where you live I can't help with the tax obligation on top of that.
We don't recommend using trade equity (or cash) to buy down the payment - if the car is stolen or totaled, you are out that money. Instead, consider using the equity as MSD to lower the MF. With the MF reduced to .00081, the pre-tax payment drops to $950.37.
Or, have the dealer write you a check for the trade in and use it to assist with the monthly payments.
X5's are quite popular, and dealers have a hard time keeping them in stock, so I'm not sure how much of a discount from sticker you'll be able to negotiate.
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Looks like residual value for 2014 X5 is 1% less than 2015 X5
I've been quoted 58% for 10K on 2014 X5 xDrive.
Is money factor still 0.00130?
can you please confirm?
Yes.. 58% for 36/10 on the 2014. 59% for the 2015.
.00130 on either model.
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What term and mileage?
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.00130 MF and 58% residual
With no CAP cost reduction and a discount of $2500, I get a payment of $1065/mo,+tax.
Due at signing would be 1st payment, $725 acq.fee, title/license/doc fees.
.00170 MF raises payment to $1116/mo.+tax
A $3500 CAP cost reduction lowers the payment by about $100/mo.
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Did you get a good deal? Be sure to come back and share!
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I'm looking at a lease for an X5. I have a dealer that will honor the true car price that I get which is 6.9% off MSRP. My built car is priced car at 68250 and they will give me for 63500. I am in OH (sales tax 8%)
Is this a good deal?
What should my lease payments be for a 36mo/12K lease?
From using online calculators I get around $4000 down and $762 a month (includes tax, and includes a 950 acquisition fee, not including title, registration etc)
Before I got the dealer to that selling price, he quoted me a price of $63,900 for $910 a month, $2100 down. I didn't get to ask him the RV and MF for that but according to what is written here of 0.0013 and 60% thats doesn't really work out.
I'm not very familiar with this stuff. Can someone give me a hand with making sense of what the dealer is quoting and what I should expect?
Thanks
Base MF is .00130 and the 36/12 residual is 58%. With the $68,250 MSRP and $63,500 selling price, I get a pre-tax, $0 down payment of $798.32.
We don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose the money. There are up front costs related to a lease - acquisition fees, DMV costs, first payment, etc.
I believe Ohio calculates all the sales tax for the lease up front and you can choose to roll it into the selling price or pay it up front.'
Ask the dealer for the breakdown of the $2100.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks for the response. I ended up with a 2105 X5 as such:
MSRP 68250
Selling price 63550
875 /month
2080 down
I think this was a good price for the car and the lease payments worked out right.
I didn't like this particular dealer because they were very difficult when I asked them about the MF and RV of the car. Another dealer was very forthright when I asked for those values, but they couldn't match the sales price of the first dealer.
It seems that before I started to pin the dealer down about the MF/RVs they would often direct me away from the sales price and focus on how much down and monthly payments. But when I found out the sales price and tried to calculate it backwards (with leasematic) their prices were always too high. It wasn't till this last quote when I started questioning and asking for breakdowns did it make sense.
What is the deal with the fuzzy math that the dealer pulls? Do they mark up the MF when they don't think you will calculate it on your own? One dealer said the MF should be straight across the board for a given car? Just trying to understand this game that is being played.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I am running out of options so I decided to join this forum hoping someone can help me. I want to get BMW X5 in alpine white between years 2011 and 2015. My credit score is 633 and monthly payment budget is $500. Is there anyway possible to get this? Anyones help is appreciated greatly.
Thank you.
If you are thinking new, $500/mo won't be nearly enough. Read back a few pages in this thread and you'll see that most folks are paying $600-700-800/mo on a lease ... and that is with top credit.
Used? Different scenario completely. And, not one I'm sure I'm qualified to help you with. Use the pricing tools at the top of the page to see what an average price is for used X5's.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks
The information is confidential and not available to the public.
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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