Lease terms on 2015 BMW X5

banxter12banxter12 Member Posts: 1
edited April 2015 in BMW
Just negotiated the terms on a new lease. Wondering if these are good terms or if I can do better.

MSRP $58300
Sales price $55180
Money factor: 0.0013
Residual on 10k per yr: 60% (34,980)
Down: $4000 with 1500 Cap cost reduction
Monthly payment 634 before taxes

Comments

  • MichaellMichaell Moderator Posts: 263,477
    banxter12 said:

    Just negotiated the terms on a new lease. Wondering if these are good terms or if I can do better.

    MSRP $58300
    Sales price $55180
    Money factor: 0.0013
    Residual on 10k per yr: 60% (34,980)
    Down: $4000 with 1500 Cap cost reduction
    Monthly payment 634 before taxes

    Base MF - Good
    Decent discount (for an X5) from sticker - Good

    We don't normally recommend making any sort of cap cost reduction on a lease - if the car is stolen or totaled, you lose that money.

    What is the rest of the up front cash going to?

    Overall, looks like a decent deal.

    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

  • skyisthelimitskyisthelimit Member Posts: 46
    Why lease a car? I find it impractical unless you don't live in the country. It's wiser to buy.
Sign In or Register to comment.

Your Privacy

By accessing this website, you acknowledge that Edmunds and its third party business partners may use cookies, pixels, and similar technologies to collect information about you and your interactions with the website as described in our Privacy Statement, and you agree that your use of the website is subject to our Visitor Agreement.