2016 BMW X6 Lease Questions

Michaell

gatorsf76 said:

My local dealership has a 2016 CPO elite (less than 6k miles) 3.5x with all the features I want. Does BMW lease CPOs and what sort of MF and residual should I expect for 3y/36k and 3y/45k leases? Thanks

We don't have any CPO lease information.

However, if this vehicle is untitled, then it qualifies for new car lease rates - .00135 and 58% for 36/15. Add 2% for 12K

gatorsf76

Michaell said:

gatorsf76 said:

My local dealership has a 2016 CPO elite (less than 6k miles) 3.5x with all the features I want. Does BMW lease CPOs and what sort of MF and residual should I expect for 3y/36k and 3y/45k leases? Thanks

We don't have any CPO lease information.

However, if this vehicle is untitled, then it qualifies for new car lease rates - .00135 and 58% for 36/15. Add 2% for 12K

Thanks!

akhtar1

BMW X6 2016 Prem + Driv Assistance + Driv Assitance Plus + Cold Package. I am getting offered $775 a month lease . 36 months 12K miles. God or bad? 0 Down. Only first month payment

Michaell

akhtar1 said:

BMW X6 2016 Prem + Driv Assistance + Driv Assitance Plus + Cold Package. I am getting offered $775 a month lease . 36 months 12K miles. God or bad? 0 Down. Only first month payment

Not enough information to comment. We need:

MSRP
Adjusted cap cost
State and tax rate

Lease numbers are .00138 and 59%

akhtar1

MSRP is $69495. Sales tax in VA 4.1%

Michaell

akhtar1 said:

MSRP is $69495. Sales tax in VA 4.1%

And the adjusted cap cost?

VA assesses the 4.1% tax against the entire selling price, which makes for a higher lease payment.

akhtar1

I am negotiating only based on the monthly lease payments.

Michaell

akhtar1 said:

I am negotiating only based on the monthly lease payments.

Don't do that .. gives the dealer an opportunity to adjust the numbers to their advantage.

Negotiate the selling price, and make sure the MF isn't marked up on you.

gatorsf76

Can someone provide the May 2016 MF and residuals for 3.5 xdrive and a 5.0

15k miles, 36 month and 39 month

Any thoughts on taking less miles and paying for them at the end. I am currently in a BMW lease with 15k miles and will be right on schedule (not over and not leaving much on the table when its done). I could do the math but if anyone already has, I'd appreciate their thoughts on the cost differential.

Thank you in advance

Michaell

gatorsf76 said:

Can someone provide the May 2016 MF and residuals for 3.5 xdrive and a 5.0

15k miles, 36 month and 39 month

Any thoughts on taking less miles and paying for them at the end. I am currently in a BMW lease with 15k miles and will be right on schedule (not over and not leaving much on the table when its done). I could do the math but if anyone already has, I'd appreciate their thoughts on the cost differential.

Thank you in advance

.00138 and 57% for 36/15; 39 month residuals are not worth mentioning.

Dropping to 12K miles per year takes the residual to 59%; 2% of, say, $70K is $1400. Don't know the per mile charge if you go over, but assume .20-.25 per. You'd have to drive 5600 extra miles at .25 per to equal the $1400 you save up front.

gatorsf76

Michaell said:

gatorsf76 said:

Can someone provide the May 2016 MF and residuals for 3.5 xdrive and a 5.0

15k miles, 36 month and 39 month

Any thoughts on taking less miles and paying for them at the end. I am currently in a BMW lease with 15k miles and will be right on schedule (not over and not leaving much on the table when its done). I could do the math but if anyone already has, I'd appreciate their thoughts on the cost differential.

Thank you in advance

.00138 and 57% for 36/15; 39 month residuals are not worth mentioning.

Dropping to 12K miles per year takes the residual to 59%; 2% of, say, $70K is $1400. Don't know the per mile charge if you go over, but assume .20-.25 per. You'd have to drive 5600 extra miles at .25 per to equal the $1400 you save up front.

Thanks. My understanding is that it is $.20/mile but if you buy them before the lease expires, then its $.16/mile

kyfdx

gatorsf76 said:

Michaell said:

gatorsf76 said:

Can someone provide the May 2016 MF and residuals for 3.5 xdrive and a 5.0

15k miles, 36 month and 39 month

Any thoughts on taking less miles and paying for them at the end. I am currently in a BMW lease with 15k miles and will be right on schedule (not over and not leaving much on the table when its done). I could do the math but if anyone already has, I'd appreciate their thoughts on the cost differential.

Thank you in advance

.00138 and 57% for 36/15; 39 month residuals are not worth mentioning.

Dropping to 12K miles per year takes the residual to 59%; 2% of, say, $70K is $1400. Don't know the per mile charge if you go over, but assume .20-.25 per. You'd have to drive 5600 extra miles at .25 per to equal the $1400 you save up front.

Thanks. My understanding is that it is $.20/mile but if you buy them before the lease expires, then its $.16/mile

I think that's gone up considerably, within the last few months. might be $0.25/$0.23/mile now.

samir2

Hello moderator, just yesterday, I signed up for a conditional purchase agreement to for a 2016 X6 x35i. Do you have the May 2016 MF and residual numbers for the 2016 X6 x35i? I'm looking at 36 months/15K miles. And do you know if there's a new incentive programs available for May 2016? May be it is too early to ask for the June 2016 numbers, but do you have any information or insights on June 2016 numbers? Thanks.

kyfdx

samir2 said:

Hello moderator, just yesterday, I signed up for a conditional purchase agreement to for a 2016 X6 x35i. Do you have the May 2016 MF and residual numbers for the 2016 X6 x35i? I'm looking at 36 months/15K miles. And do you know if there's a new incentive programs available for May 2016? May be it is too early to ask for the June 2016 numbers, but do you have any information or insights on June 2016 numbers? Thanks.

.00138 MF and 57% residual.

The numbers won't change for June. There may be loyalty promotions, if you currently lease with BMWFS.

samir2

Thank you moderator.

Does BMW financial services allow multiple security deposits (MSD) in NJ for X6? If so, what is the adjustment per MSD for June 2016? . Also maximum how many MSD we can make? Thanks.

Michaell

samir2 said:

Thank you moderator.

Does BMW financial services allow multiple security deposits (MSD) in NJ for X6? If so, what is the adjustment per MSD for June 2016? . Also maximum how many MSD we can make? Thanks.

Max 7 MSD, each of which reduce the MF by .00007 (.00049 total reduction)

jeepluv

Hi there! I'm looking at a 2016 X6M- this one has been an Exec car / demo so has some miles but has never been titled. Sounds like .00138 for MF and 61% residual for 36/10 is about right? What about discount from MSRP? 6-7% was mentioned previously... I assume given this has been in use although untitled the discount should be higher?

kyfdx

jeepluv said:

Hi there! I'm looking at a 2016 X6M- this one has been an Exec car / demo so has some miles but has never been titled. Sounds like .00138 for MF and 61% residual for 36/10 is about right? What about discount from MSRP? 6-7% was mentioned previously... I assume given this has been in use although untitled the discount should be higher?

.00138 MF and 60% residual.
There will be a residual reduction to account for the current mileage. Around $0.25/mile for lower priced models. The X6M might get a bigger reduction per mile.

You should definitely get a bigger discount than on a brand-new one. At least enough extra to cover the mileage/residual reduction, plus more.

carsearcher18

Hi all, just pulled the trigger on the lease for an X6M. Fun car!

Question - I noticed that the extra mileage charge is now $0.30 per mile over (my lease is 36/10K), which the dealer is telling me is standard now for BMW. My other leases were $0.25 per mile over. Just verifying this extra mileage charge did indeed go up nationwide?

Thanks!

kyfdx

carsearcher18 said:

Hi all, just pulled the trigger on the lease for an X6M. Fun car!

Question - I noticed that the extra mileage charge is now $0.30 per mile over (my lease is 36/10K), which the dealer is telling me is standard now for BMW. My other leases were $0.25 per mile over. Just verifying this extra mileage charge did indeed go up nationwide?

Thanks!

Yes.. mileage charges have gone up. Also, higher MSRP vehicles may have higher per/mile penalties.

hull22

Do you have the current lease rates for a 2016 X6 xDrive35i for 36mo/12k? Thanks.

kyfdx

hull22 said:

Do you have the current lease rates for a 2016 X6 xDrive35i for 36mo/12k? Thanks.

.00137 MF and 59% residual. $2000 lease credit.

exp2024

i was given the following deal. 2016 X6 xDrive35i, MSRP $71,945.
$4200 up front, includes taxes
Monthly $754

good deal?

Michaell

exp2024 said:

i was given the following deal. 2016 X6 xDrive35i, MSRP $71,945.
$4200 up front, includes taxes
Monthly $754

good deal?

Lease term and miles per year?

State and tax rate?

Full breakdown of the $4200?

Adjusted cap cost?

Without this info, we can only guess at how good an offer you have.

exp2024

sorry,
36/10k
NY - 8.625%
4200 = 2,375 Taxes, 925 Acquisition fee, 764 first month
how do i find adjusted cap cost

Michaell

exp2024 said:

sorry,
36/10k
NY - 8.625%
4200 = 2,375 Taxes, 925 Acquisition fee, 764 first month
how do i find adjusted cap cost

Ask the dealer what number they are using. If it's different from the negotiated selling price, find out what they've added.

exp2024

cap cost =65,352

they are also paying last two payments on the remaining lease which = $1400

Michaell

exp2024 said:

cap cost =65,352

they are also paying last two payments on the remaining lease which = $1400

I get $765/mo with those prices - pretty close to your offer from the dealer.

exp2024

Michaell said:

exp2024 said:

cap cost =65,352

they are also paying last two payments on the remaining lease which = $1400

I get $765/mo with those prices - pretty close to your offer from the dealer.

is that a decent decent deal, or should i ask for more.

Michaell

exp2024 said:

Michaell said:

exp2024 said:

cap cost =65,352

they are also paying last two payments on the remaining lease which = $1400

I get $765/mo with those prices - pretty close to your offer from the dealer.

is that a decent decent deal, or should i ask for more.

Can't ever hurt to ask. We don't track selling prices, but anything more than 7% off sticker is a pretty good deal.

alejandropf

Looking into a X6(M). Any idea what is the money factor and residual for the 2016 as well as 2017 for 36/10K and 36/12K. Thanks for the input.

Michaell

alejandropf said:

Looking into a X6(M). Any idea what is the money factor and residual for the 2016 as well as 2017 for 36/10K and 36/12K. Thanks for the input.

36/12 - .00137 and 59% (2016) or 56% (2017). Add 1% for 10K

carsearcher18

kyfdx said:

hull22 said:

Do you have the current lease rates for a 2016 X6 xDrive35i for 36mo/12k? Thanks.

.00137 MF and 59% residual. $2000 lease credit.

Hi what can the $2K lease credit be used for? Reducing the cap cost directly? Pay the driveoff due amount? Either?

Michaell

carsearcher18 said:

kyfdx said:

hull22 said:

Do you have the current lease rates for a 2016 X6 xDrive35i for 36mo/12k? Thanks.

.00137 MF and 59% residual. $2000 lease credit.

Hi what can the $2K lease credit be used for? Reducing the cap cost directly? Pay the driveoff due amount? Either?

Either.

alejandropf

Thank you!!

grecoaz

Could you please provide me with the MF and residuals on a 2016 X6 Xdrive 50i, 36/10 or 36/12. Is there lease cash for the 50i also? Thanks

Michaell

grecoaz said:

Could you please provide me with the MF and residuals on a 2016 X6 Xdrive 50i, 36/10 or 36/12. Is there lease cash for the 50i also? Thanks

.00137 and 60% / 59%. No lease cash on the 50i.

kyfdx

grecoaz said:

Could you please provide me with the MF and residuals on a 2016 X6 Xdrive 50i, 36/10 or 36/12. Is there lease cash for the 50i also? Thanks

There is a $2000 credit on all X5s, lease or finance.

carsearcher18

kyfdx said:

grecoaz said:

Could you please provide me with the MF and residuals on a 2016 X6 Xdrive 50i, 36/10 or 36/12. Is there lease cash for the 50i also? Thanks

There is a $2000 credit on all X5s, lease or finance.

Hi does that lease credit apply to X6M or X5M as well?

kyfdx

carsearcher18 said:

kyfdx said:

grecoaz said:

Could you please provide me with the MF and residuals on a 2016 X6 Xdrive 50i, 36/10 or 36/12. Is there lease cash for the 50i also? Thanks

There is a $2000 credit on all X5s, lease or finance.

Hi does that lease credit apply to X6M or X5M as well?

Yes

darrel7

Do any of you have the current (September 2016) lease rates for a 2016 BMW X5 sDrive35i for 36mo/10k? Thanks in advance.

Michaell

darrel7 said:

Do any of you have the current (September 2016) lease rates for a 2016 BMW X5 sDrive35i for 36mo/10k? Thanks in advance.

The X5 discussion is here:

http://forums.edmunds.com/discussion/37218/bmw/x5/2016-bmw-x5-lease-questions#latest

darrel7

Sorry Michaell.......I did want the X6 numbers...So my question should have read "Do any of you have the current (September 2016) lease rates for a 2016 BMW X6 sDrive35i for 36mo/10k?"

kyfdx

darrel7 said:

Sorry Michaell.......I did want the X6 numbers...So my question should have read "Do any of you have the current (September 2016) lease rates for a 2016 BMW X6 sDrive35i for 36mo/10k?"

.00136 MF and 59% residual. $2000 option allowance.

jaxgil86

Hello everyone, can someone help me with the following numbers. Went to the dealer to get a quote on a lease. 36/10k 2016 BMW X6 Xdrive35i - 4 wheel drive sports act. This is the info from the deal they quoted me MSRP: 71,595.00 Savings: 5,012.00 __________________ Sonic Price: 66,583.00 (not sure why the gave it the "sonic" name) Rebate: 1,000 Additional discount: 2,000 ____________________ Adjusted price : 63,583.00 Phantom Footprints: 259.00 (not sure what this is) Permaplate: 399.00 (or this) ________________ Total purchase $64,241 doc fee: 157.25 Tax: 4,015.06 State inspection :,64.25 Title fee; 33.00 License fee: 121.50 City road and bridge : 11.50 Insurance and reg: 1.00 VIT: 135.74 Net price: 68,780.30 $0 cash down Monthly Payment quoted: $937.00 Residual amount $42.241

Michaell

jaxgil86 said:

Hello everyone, can someone help me with the following numbers.
Went to the dealer to get a quote on a lease. 36/10k 2016 BMW X6 Xdrive35i - 4 wheel drive sports act. This is the info from the deal they quoted me

MSRP: 71,595.00
Savings: 5,012.00
__________________
Sonic Price: 66,583.00 (not sure why the gave it the "sonic" name)
Rebate: 1,000
Additional discount: 2,000
____________________
Adjusted price : 63,583.00
Phantom Footprints: 259.00 (not sure what this is)
Permaplate: 399.00 (or this)
________________
Total purchase $64,241
doc fee: 157.25
Tax: 4,015.06

State inspection :,64.25
Title fee; 33.00
License fee: 121.50
City road and bridge : 11.50
Insurance and reg: 1.00
VIT: 135.74
Net price: 68,780.30

$0 cash down

Monthly Payment quoted: $937.00
Residual amount $42.241

What state is this? This looks like a purchase quote, as I don't see any mention of the acquisition fee of $925. Confirm the adjusted cap cost with the dealer.

Phantom footprints and permaplate look like junk fees.

kyfdx

Sonic is a big company that owns dealerships, nationwide.

gurs

Can you please provide me with September numbers for 2017 X6 xDrive35i (36mo/12K).
Any incentives/deals available ?
Thank you in advance.

kyfdx

gurs said:

Can you please provide me with September numbers for 2017 X6 xDrive35i (36mo/12K).
Any incentives/deals available ?
Thank you in advance.

2017 discussion is here:
http://forums.edmunds.com/discussion/42961/bmw/x6/2017-bmw-x6-lease-questions/p1?new=1

Thanks!

gurs

Hi Moderator,

Can you please provide me with September numbers for 2016 X6 xDrive35i (36mo/12K).
Any incentives/deals available ?

Thanks in advance!