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2016 BMW X5 Lease Questions

bigb348bigb348 Posts: 3
edited October 2015 in BMW
Hi
I would like to know what the lease cost should be on a 2016 X5 xdrive x50i

Msrp:81,200
Cap cost:76,400
Dwn pymnt :0
Acq fee:925
Dmv & doc:660
36/12,000
NYS tax:8.875(want to roll in to monthly pymt) 
Will make 7 msd to reduce mf

Will pay Acq fee, Dmv, 1st mth, and msd at signing. 

What will my due at signing be, and what will my monthly payments be. 
Thanks
«13456723

Comments

  • kyfdxkyfdx Posts: 119,750
    bigb348 said:

    Hi
    I would like to know what the lease cost should be on a 2016 X5 xdrive x50i

    Msrp:81,200
    Cap cost:76,400
    Dwn pymnt :0
    Acq fee:925
    Dmv & doc:660
    36/12,000
    NYS tax:8.875(want to roll in to monthly pymt) 
    Will make 7 msd to reduce mf

    Will pay Acq fee, Dmv, 1st mth, and msd at signing. 

    What will my due at signing be, and what will my monthly payments be. 
    Thanks

    .00134 MF and 57% residual. $1500 option credit. (.00085 after MSDs)

    $941/mo.+tax = $1032/mo.

    $1032
    $925
    $660
    $7350

    $9967 due a signing.

    But, unless you are leasing from an out-of-state dealer, you can't do MSDs.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • So if I were to initiate lease at a NJ dealer, I could do MSDs,and get the better mf? 
  • MichaellMichaell ColoradoPosts: 110,082
    bigb348 said:

    So if I were to initiate lease at a NJ dealer, I could do MSDs,and get the better mf? 

    I believe that is correct.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bigb348bigb348 Posts: 3
    edited October 2015
    Thanks for the fast responses.
    I went to the dealer today, and this is the deal I worked.
    2016 X5 xdrive 50i
    Msrp: 82,445
    Cap cost: 75,500 (1,500 option incentive inc) Dwn pymnt: 0
    Acq fee: 925
    Doc fee: 389
    Dmv: 330
    36/12,000 Mf: 0.00085 (after 7 msd's)/ 57% residual
    $908.60+ 80.63(nys tax)= $989.23/mo.
    Due at signing $989.23 1st mo.
    $925 incep fee
    $389 doc fee
    $330 dmv
    $7000 msd's

    Total due at signing $9663.23
    Any insight as to how good/bad a deal would be appreciated.
    Thanks
    Ps: I ordered this X5, what seems to be the general build time and travel time to NJ dealer.
  • kyfdxkyfdx Posts: 119,750
    bigb348 said:

    Thanks for the fast responses.
    I went to the dealer today, and this is the deal I worked.
    2016 X5 xdrive 50i
    Msrp: 82,445
    Cap cost: 75,500 (1,500 option incentive inc)
    Dwn pymnt: 0

    Acq fee: 925

    Doc fee: 389

    Dmv: 330
    36/12,000
    Mf: 0.00085 (after 7 msd's)/ 57% residual


    $908.60+ 80.63(nys tax)= $989.23/mo.

    Due at signing

    $989.23 1st mo.
    $925 incep fee

    $389 doc fee
    $330 dmv

    $7000 msd's


    Total due at signing $9663.23

    Any insight as to how good/bad a deal would be appreciated.
    Thanks

    Ps: I ordered this X5, what seems to be the general build time and travel time to NJ dealer.

    With your numbers, I get $896+tax. That's about $400 total difference.

    Your deal is 6.5% off MSRP minus the incentive. That looks very fair for a new 2016 model.
    MSDs are a smart move. $65/mo. back on a $7000 deposit is hard to beat.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • What's the MF and residual for 2016 x5 sDrive35i and xDrive35i for 36mo/12k?
  • kyfdxkyfdx Posts: 119,750

    What's the MF and residual for 2016 x5 sDrive35i and xDrive35i for 36mo/12k?

    .00134 MF

    58%/57% residual. $1500 option credit

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 2016 x5 xdrive 35i - MSRP: $69,720, Negotiated price - $65,270. TX state. Planning to check with dealer for 36 months/12k lease. What could be the monthly payment and initial payment. Thank you for your help.
  • kyfdxkyfdx Posts: 119,750
    venkat12 said:

    2016 x5 xdrive 35i - MSRP: $69,720, Negotiated price - $65,270. TX state. Planning to check with dealer for 36 months/12k lease. What could be the monthly payment and initial payment. Thank you for your help.

    .00134 MF and 57% residual. $1500 option credit.

    If you roll in the taxes and acquisition fee, it's $997/mo., with just 1st payment and registration fees upfront.

    Texas lease taxes are a killer.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thank you for your quick response - I received below quote from dealer - $1015 monthly payment - 1st payment plus $345 registration fees OR $5234 down payment with $897 monthly payment.
  • kyfdxkyfdx Posts: 119,750
    venkat12 said:

    Thank you for your quick response - I received below quote from dealer - $1015 monthly payment - 1st payment plus $345 registration fees OR $5234 down payment with $897 monthly payment.

    That's not far off. Just $18/mo.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • So, would that be a good deal to proceed further? Do I need to ask dealer any thing else? Thank you for your help.
  • Can you please let me know if you included $1500 option credit in your calculation? Thank you.
  • MichaellMichaell ColoradoPosts: 110,082
    venkat12 said:

    Can you please let me know if you included $1500 option credit in your calculation? Thank you.

    We simply used the numbers you provided us. Dealer can tell you if the option credit was included in their price quote.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • I checked with dealer and he said $1500 credit is used in calculation. He used MF of .00189 to get the security deposit waiver. Would that be a good deal to proceed further? Can you please advise. Thank you.
  • kyfdxkyfdx Posts: 119,750
    venkat12 said:

    I checked with dealer and he said $1500 credit is used in calculation. He used MF of .00189 to get the security deposit waiver. Would that be a good deal to proceed further? Can you please advise. Thank you.

    There is no security deposit required on a BMW lease, if you have top tier credit.
    You want the base money factor of .00134. Don't take any MF bumps in exchange for waiving security deposits or acquisition fees. That is almost always a bad deal. It sounds like they are trying to hide a money factor markup.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thank you, I will check them. Can you please let me know the MF and residual for xdrive35i with 10k/3 years. Thank you.
  • kyfdxkyfdx Posts: 119,750
    venkat12 said:

    Thank you, I will check them. Can you please let me know the MF and residual for xdrive35i with 10k/3 years. Thank you.

    .00134 MF and 58% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thank you much
  • I'd like money factor and residual for X5 sdrive35i for 36/15 and 36/12. Thanks.
  • kyfdxkyfdx Posts: 119,750
    derekd562 said:

    I'd like money factor and residual for X5 sdrive35i for 36/15 and 36/12. Thanks.

    .00134 MF and 56%/58% residual. $1500 option credit.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • rob34rob34 Posts: 58
    Want to know how far off this is for X5 xdrive 35i. I'm in Seattle. Here is what I asked for. 3 year lease or whatever the best available timeframe is. 10K miles. Minimum down. $65,820.00 MSRP according to website. Here is what I got for 36 month lease:

    Market Value Selling Price: $65,820.00
    Discount: $3,820
    Adjusted price; $62,000.00
    money factor of 0.00134.
    BMW acquisition fee of $925.00 added to the cap cost.
    Residual of 58%
    $1423.42 consists of first month payment, doc fee of $150, licensing of $369.
    Tax: $87.74
    NET PRICE: $62,606.74

    Monthly payment $904.42 inc. tax.
    $1423.42 down payment consists of first month payment, doc fee of $150, licensing of $369

    Where can I get them to trim this? How much over per month is this offer from what I should be paying?

    Thanks!
  • rob34rob34 Posts: 58
    and I am a current BMW customer in case that matters for additional discounts.
  • MichaellMichaell ColoradoPosts: 110,082
    rob34 said:

    Want to know how far off this is for X5 xdrive 35i. I'm in Seattle. Here is what I asked for. 3 year lease or whatever the best available timeframe is. 10K miles. Minimum down. $65,820.00 MSRP according to website. Here is what I got for 36 month lease:

    Market Value Selling Price: $65,820.00
    Discount: $3,820
    Adjusted price; $62,000.00
    money factor of 0.00134.
    BMW acquisition fee of $925.00 added to the cap cost.
    Residual of 58%
    $1423.42 consists of first month payment, doc fee of $150, licensing of $369.
    Tax: $87.74
    NET PRICE: $62,606.74

    Monthly payment $904.42 inc. tax.
    $1423.42 down payment consists of first month payment, doc fee of $150, licensing of $369

    Where can I get them to trim this? How much over per month is this offer from what I should be paying?

    Thanks!

    Assuming the tax rate in Washington is 10%, your numbers calculate out to a payment of $895/mo, so not far off from the dealer quote.

    Two ways to reduce the payment -

    1. Negotiate a lower selling price
    2. Use MSD to buy down the MF .. more money up front, but you'll get the MSD monies back at the end of the lease

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi,
    Are the 42/48 month leases better ? meaning to have lower payments ? would you pls share the rates 42/48 12k
    Thanks
  • MichaellMichaell ColoradoPosts: 110,082
    juanduro said:

    Hi,
    Are the 42/48 month leases better ? meaning to have lower payments ? would you pls share the rates 42/48 12k
    Thanks

    Same MF, but residual drops. Which model?

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • x5 s35 or x5x35
  • MichaellMichaell ColoradoPosts: 110,082
    juanduro said:

    x5 s35 or x5x35

    42/48 month residuals
    s35 - 53% / 48%
    x35 - 52% / 47%

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • akashpcakashpc NYPosts: 9
    New to the website. Lots of valuable information.

    Although there are no incentives on 2015 x5 models, do you think I can get a better lease deal (by lowering the MSRP) compared to 2016s?
  • kyfdxkyfdx Posts: 119,750
    akashpc said:

    New to the website. Lots of valuable information.

    Although there are no incentives on 2015 x5 models, do you think I can get a better lease deal (by lowering the MSRP) compared to 2016s?

    I think it's possible. But, not knowing transaction prices, it's hard to say for sure. The lease programs are virtually identical, but if the selling price is low enough, the 2015 could be cheaper.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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