2016 BMW X5 Lease Questions

kyfdx

nycdomp said:

Currently working this deal and was wondering if it's a decent deal?

2016 BMW X5 M
MSRP 102695
Selling Price 94580 which incl. acq/bank fee.
MF .00137
Residual 60%
0 Down
36/10K

I'm getting $1229.88/month with NYS 8.875% taxes rolled in.


Edit:
I'm also seeing a $2000 lease bonus cash on Edmunds.com. I should ask if that was already included, correct?

I get $1129/mo.+tax, so pretty close.

There is $2000 lease bonus cash on X5s. Don't know for sure if it includes the M model, but it probably does. I can guarantee you that the dealer isn't quoting a price, then later saying, "Oh yeah, and you get $2000 more off". I guess it could happen, but doesn't seem likely. Probably included in that offer.

nycdomp

kyfdx said:

nycdomp said:

Currently working this deal and was wondering if it's a decent deal?

2016 BMW X5 M
MSRP 102695
Selling Price 94580 which incl. acq/bank fee.
MF .00137
Residual 60%
0 Down
36/10K

I'm getting $1229.88/month with NYS 8.875% taxes rolled in.


Edit:
I'm also seeing a $2000 lease bonus cash on Edmunds.com. I should ask if that was already included, correct?

I get $1129/mo.+tax, so pretty close.

There is $2000 lease bonus cash on X5s. Don't know for sure if it includes the M model, but it probably does. I can guarantee you that the dealer isn't quoting a price, then later saying, "Oh yeah, and you get $2000 more off". I guess it could happen, but doesn't seem likely. Probably included in that offer.

Thanks!

FadyDizzle

Is the MF and RV for the 40e also .00137 and 57% if it's 36mo/15k?

Michaell

FadyDizzle said:

Is the MF and RV for the 40e also .00137 and 57% if it's 36mo/15k?

Yes.

$3500 lease credit on the 40e, however.

tayloner

Hey,

I'm looking at the sDrive35i, and trying to figure out where my lease payment may come out on 36/10k program in southern California. My build is $61,445, and I'm hoping that I can get a 10% discount on MSRP (that may be aggressive) down to $55,300.50. I'm also using a $925 acq. fee and 60% residual with 0.137% MF. Haven't spoken with a dealer about this yet, but want to be prepared before I do.

My questions:
- Are these the correct acq. fee, residual and MF?
- Does anyone have any intel on what MSRP discounts are standard right now in SoCal? 10% is probably a loft goal.
- I show my payment at these numbers as $770 all in, does that sound right?

Thanks!

Michaell

tayloner said:

Hey,

I'm looking at the sDrive35i, and trying to figure out where my lease payment may come out on 36/10k program in southern California. My build is $61,445, and I'm hoping that I can get a 10% discount on MSRP (that may be aggressive) down to $55,300.50. I'm also using a $925 acq. fee and 60% residual with 0.137% MF. Haven't spoken with a dealer about this yet, but want to be prepared before I do.

My questions:
- Are these the correct acq. fee, residual and MF?
- Does anyone have any intel on what MSRP discounts are standard right now in SoCal? 10% is probably a loft goal.
- I show my payment at these numbers as $770 all in, does that sound right?

Thanks!

I confirm the .00137 MF and 60% for 36/10 (MF is expressed as a decimal, not a percentage, BTW)

For BMW, anything above 7% off sticker is a great deal.

Using your MSRP and selling price, I get $638/mo before tax. Not sure how you came up with $770/mo.

tayloner

Michaell said:

tayloner said:

Hey,

I'm looking at the sDrive35i, and trying to figure out where my lease payment may come out on 36/10k program in southern California. My build is $61,445, and I'm hoping that I can get a 10% discount on MSRP (that may be aggressive) down to $55,300.50. I'm also using a $925 acq. fee and 60% residual with 0.137% MF. Haven't spoken with a dealer about this yet, but want to be prepared before I do.

My questions:
- Are these the correct acq. fee, residual and MF?
- Does anyone have any intel on what MSRP discounts are standard right now in SoCal? 10% is probably a loft goal.
- I show my payment at these numbers as $770 all in, does that sound right?

Thanks!

I confirm the .00137 MF and 60% for 36/10 (MF is expressed as a decimal, not a percentage, BTW)

For BMW, anything above 7% off sticker is a great deal.

Using your MSRP and selling price, I get $638/mo before tax. Not sure how you came up with $770/mo.

Thanks for the info on MSRP discount and MF. Not sure where my calculation is veering off, it may be built w/ "zero" drive off or only first month's payment due at signing. Does yours take into account any down payment or additional cash at signing?

Michaell

I

tayloner said:

Michaell said:

tayloner said:

Hey,

I'm looking at the sDrive35i, and trying to figure out where my lease payment may come out on 36/10k program in southern California. My build is $61,445, and I'm hoping that I can get a 10% discount on MSRP (that may be aggressive) down to $55,300.50. I'm also using a $925 acq. fee and 60% residual with 0.137% MF. Haven't spoken with a dealer about this yet, but want to be prepared before I do.

My questions:
- Are these the correct acq. fee, residual and MF?
- Does anyone have any intel on what MSRP discounts are standard right now in SoCal? 10% is probably a loft goal.
- I show my payment at these numbers as $770 all in, does that sound right?

Thanks!

I confirm the .00137 MF and 60% for 36/10 (MF is expressed as a decimal, not a percentage, BTW)

For BMW, anything above 7% off sticker is a great deal.

Using your MSRP and selling price, I get $638/mo before tax. Not sure how you came up with $770/mo.

Thanks for the info on MSRP discount and MF. Not sure where my calculation is veering off, it may be built w/ "zero" drive off or only first month's payment due at signing. Does yours take into account any down payment or additional cash at signing?

I just used the prices you gave me. Don't know what they include or exclude. But, if that's a selling price, then I would assume that all taxes and fees are paid at signing.

FadyDizzle

Michaell said:

FadyDizzle said:

Is the MF and RV for the 40e also .00137 and 57% if it's 36mo/15k?

Yes.

$3500 lease credit on the 40e, however.

Is this lease credit separate from any loyalty credit? If so, is there a loyalty credit as well going on this month?

Michaell

FadyDizzle said:

Michaell said:

FadyDizzle said:

Is the MF and RV for the 40e also .00137 and 57% if it's 36mo/15k?

Yes.

$3500 lease credit on the 40e, however.

Is this lease credit separate from any loyalty credit? If so, is there a loyalty credit as well going on this month?

Yes, loyalty and lease credit are two separate things.

No information on loyalty incentives from BMW, this month.

zoombie99

nycdomp said:

Currently working this deal and was wondering if it's a decent deal?

2016 BMW X5 M
MSRP 102695
Selling Price 94580 which incl. acq/bank fee.
MF .00137
Residual 60%
0 Down
36/10K

I'm getting $1229.88/month with NYS 8.875% taxes rolled in.


Edit:
I'm also seeing a $2000 lease bonus cash on Edmunds.com. I should ask if that was already included, correct?


</blockquote

lease from a CT or Nj dealer and use MSDs. You could probably do better on the purchase price also.

nycdomp

zoombie99 said:

nycdomp said:

Currently working this deal and was wondering if it's a decent deal?

2016 BMW X5 M
MSRP 102695
Selling Price 94580 which incl. acq/bank fee.
MF .00137
Residual 60%
0 Down
36/10K

I'm getting $1229.88/month with NYS 8.875% taxes rolled in.


Edit:
I'm also seeing a $2000 lease bonus cash on Edmunds.com. I should ask if that was already included, correct?

Will try to look for NJ/CT dealers. Not much inventory for 2016s, and most are fully loaded which I don't really need on a lease.
The current deal i posted above is about 8% off. You think I'm able to push for a little more?

Thanks!

vas_balint

New to leasing, confused about high MF then at the bottom base MF
How is this deal look to you
Thank you

Term	36 Months
Mileage	10,000/year
Money Factor	1.37
Residual Factor	60%
Selling Price	$70,885.00
Total Capitalized Cost	$70,885.00
Residual Value	$45,822.00

  Lease Cash  Rebate     $5,500

Cap Reduction/Rebate Tax(9%)	$585.45
License & Registration	$597.00
Bank Fee	$925.00
Documentation Fee	$80.00

Monthly Payment

$695.77 +tx

 With & Security Deposits
Money Factor .00088
Monthly Payment $641/+tx

Michaell

vas_balint said:

New to leasing, confused about high MF then at the bottom base MF
How is this deal look to you
Thank you

Term	36 Months
Mileage	10,000/year
Money Factor	1.37
Residual Factor	60%
Selling Price	$70,885.00
Total Capitalized Cost	$70,885.00
Residual Value	$45,822.00

  Lease Cash  Rebate     $5,500

Cap Reduction/Rebate Tax(9%)	$585.45
License & Registration	$597.00
Bank Fee	$925.00
Documentation Fee	$80.00

Monthly Payment

$695.77 +tx

 With & Security Deposits
Money Factor .00088
Monthly Payment $641/+tx

The base MF is .00137; after applying the security deposits, the MF drops to .00088.

What is the MSRP? Or, if the $70,885 is the MSRP, what is the selling price?

vas_balint

Hi Michaell.MSRP $76,370.00
I'll try to negotiate some more. Is there anything else that could be hidden there?

Let me know what numbers you get

Thank you very much

Michaell

vas_balint said:

Hi Michaell.MSRP $76,370.00
I'll try to negotiate some more. Is there anything else that could be hidden there?

Let me know what numbers you get

Thank you very much

Other that the security deposits, are you putting any money into this deal up front? Or, have a trade in?

I ask because I get $799/mo plus tax when I use the .00088 MF, assuming full MSDs.

reldausa

Assuming Tier 1 credit, MSRP of $58,370, what should I expect to pay on a 36mo/12kmi lease with $1000 down? I know there is a lease credit going on.. and the dealer should apply additional discounts.. but at least i know where to start
Thanks for all your help

kyfdx

reldausa said:

Assuming Tier 1 credit, MSRP of $58,370, what should I expect to pay on a 36mo/12kmi lease with $1000 down? I know there is a lease credit going on.. and the dealer should apply additional discounts.. but at least i know where to start
Thanks for all your help

6% off MSRP, minus $2000 lease credit + $925 acq.fee = $53,800 CAP cost.

.00137 MF and 59% residual.

$659/mo.+tax.

tom911

How's this look:

2016 X5 40e
- MSRP $85095
- Cap cost $72358
- 36/10
- Residual $51057
- MF 0.00068 (0.00137 minus 0.0002 corp minus 7 MSD's)
- 7 MSD's = $5250
- Drive off $12675 minus $6500 rebates ($3500+ $2000+ corp $1000) = $6175
- Out of pocket total ($6175 which includes $5250 MSD's and $925 Acq fee)
- Monthly $736 (includes 9% tax)

zoombie99

nycdomp said:

zoombie99 said:

nycdomp said:

Currently working this deal and was wondering if it's a decent deal?

2016 BMW X5 M
MSRP 102695
Selling Price 94580 which incl. acq/bank fee.
MF .00137
Residual 60%
0 Down
36/10K

I'm getting $1229.88/month with NYS 8.875% taxes rolled in.


Edit:
I'm also seeing a $2000 lease bonus cash on Edmunds.com. I should ask if that was already included, correct?

Will try to look for NJ/CT dealers. Not much inventory for 2016s, and most are fully loaded which I don't really need on a lease.
The current deal i posted above is about 8% off. You think I'm able to push for a little more?

Thanks!

I sent you a PM

kyfdx

tom911 said:

How's this look:

2016 X5 40e
- MSRP $85095
- Cap cost $72358
- 36/10
- Residual $51057
- MF 0.00068 (0.00137 minus 0.0002 corp minus 7 MSD's)
- 7 MSD's = $5250
- Drive off $12675 minus $6500 rebates ($3500+ $2000+ corp $1000) = $6175
- Out of pocket total ($6175 which includes $5250 MSD's and $925 Acq fee)
- Monthly $736 (includes 9% tax)

Looks pretty good.

raykayray

Hi, how does this look for a 36/10 2016 X5 35 x drive?
MSRP 75300
selling 69500
1st pay of 11000 to include:
MSD 4900
Taxes/fees 4760
cap cost reduction 641
Monthly of 699

Thanks

raykayray

PS in NJ

kyfdx

raykayray said:

Hi, how does this look for a 36/10 2016 X5 35 x drive?
MSRP 75300
selling 69500
1st pay of 11000 to include:
MSD 4900
Taxes/fees 4760
cap cost reduction 641
Monthly of 699

Thanks

How do you get $4760 of taxes and fees? Tax should be under $2000, acquisition fee is $925. Seems like a lot of padding in there.

raykayray

The breakdown I got is:
2156 Taxes
602 Giovt fees
498 Doc fees
199 window etching 
925 Acquisition fee
285 supply fee
95 pillar prep (tho not sure what this is)

Do any of these look padded?

Overall how does the lease look? 

Thanks!

Michaell

raykayray said:

The breakdown I got is:
2156 Taxes
602 Giovt fees
498 Doc fees
199 window etching 
925 Acquisition fee
285 supply fee
95 pillar prep (tho not sure what this is)

Do any of these look padded?

Overall how does the lease look? 

Thanks!

The window etching is padding.

No idea what the "supply fee" or "pillar prep" is - those look to be padded

Do you have a breakdown on the government fees? Is this tags and title?

Doc fee is high, but typical for NJ.

raykayray

Thanks for the reply, yes I think the govt fees are tags and title. So around 600 of padding in the upfront then. 

raykayray

If I got those out, it would drop the upfront payment but not the monthly. 

Ive been told the MF is 0.00068 and residual is 60. 

Does it look worthwhile at 699/month?

Michaell

raykayray said:

If I got those out, it would drop the upfront payment but not the monthly. 

Ive been told the MF is 0.00068 and residual is 60. 

Does it look worthwhile at 699/month?

Relative to the MSRP, it's a solid payment.

raykayray

Thanks so much for the useful information!

raykayray

Sorry one final question if anyone can help, what is the current tire & wheel protection package dealer cost for an X5?

Michaell

raykayray said:

Sorry one final question if anyone can help, what is the current tire & wheel protection package dealer cost for an X5?

I don't have that information.

raykayray

Ok thanks

tom911

Closed the deal on my X5 last night and picked up the car. Very happy with with. X-Line with ACC, Cold weather and light interior.

Thanks for all the help on this forum over the last few months- I got what I think is a great deal. This forum really educated me on MSD's, lease rates, etc.

Loving the car - here's my deal. If you have any questions, I'd be happy to answer.

I added the $230 Cap cost to lower the MSD total

kyfdx

@tom911 Congrats on the new BMW. Looks like you did well.

Michaell

@tom911 - $599/mo for a $73K X5 is a great payment!

Congrats, and enjoy.

khoat6

tom911 said:

Closed the deal on my X5 last night and picked up the car. Very happy with with. X-Line with ACC, Cold weather and light interior.

Thanks for all the help on this forum over the last few months- I got what I think is a great deal. This forum really educated me on MSD's, lease rates, etc.

Loving the car - here's my deal. If you have any questions, I'd be happy to answer.

I added the $230 Cap cost to lower the MSD total

Congrats on the deal Tom,

Im trying to help my friend lease an X5 as well.
Can you clarify a few things:
1. what was the negotiated selling price?
2. did you put a down payment?
3. standard mf is 0.000137 and can be decreased to 0.00088 with 7 MSDs. how did you get money factor down to 0.00068?
4. in what cases will BMW not return the entire MSD?

Thanks!

911rat

this looks like a 10k lease with the 60 percent residual. It is only 1 percent hit to get 12k/year at 59 percent.

Kyfdx just helped me get great deal on 2016 x5d. smart to get 2016 though. THey are dropping brakes discs and brake pads and wipers for maintenance. Also dropping warranty to 3 year 36. Residuals are 3 percent better on 2016 too

Michaell

khoat6 said:

tom911 said:

Closed the deal on my X5 last night and picked up the car. Very happy with with. X-Line with ACC, Cold weather and light interior.

Thanks for all the help on this forum over the last few months- I got what I think is a great deal. This forum really educated me on MSD's, lease rates, etc.

Loving the car - here's my deal. If you have any questions, I'd be happy to answer.

I added the $230 Cap cost to lower the MSD total

Congrats on the deal Tom,

Im trying to help my friend lease an X5 as well.
Can you clarify a few things:
1. what was the negotiated selling price?
2. did you put a down payment?
3. standard mf is 0.000137 and can be decreased to 0.00088 with 7 MSDs. how did you get money factor down to 0.00068?
4. in what cases will BMW not return the entire MSD?

Thanks!

1. Looks like $66,855
2. No, just MSD, taxes and fees
3. Fleet discount of .00020 on the MF
4. I'm not aware of any

Michaell

911rat said:

this looks like a 10k lease with the 60 percent residual. It is only 1 percent hit to get 12k/year at 59 percent.

Kyfdx just helped me get great deal on 2016 x5d. smart to get 2016 though. THey are dropping brakes discs and brake pads and wipers for maintenance. Also dropping warranty to 3 year 36. Residuals are 3 percent better on 2016 too

Residuals are better on all the 2016 BMWs, as they want to move the existing inventory.

sac1986

Looking for Money Factor and Residual on 2016 X5 40E for 36/10 and 36/12. Thanks!

Michaell

sac1986 said:

Looking for Money Factor and Residual on 2016 X5 40E for 36/10 and 36/12. Thanks!

.00137 and 60% / 59%. $3500 lease credit

sac1986

Thanks Michaell...is the lease credit no longer $5500 (http://www.bmwusa.com/special-offers/lease.2016-X5-xDrive40e.html)?

Michaell

sac1986 said:

Thanks Michaell...is the lease credit no longer $5500 (http://www.bmwusa.com/special-offers/lease.2016-X5-xDrive40e.html)?

I only show $3500 .. if there has been a change since the beginning of August, we wouldn't know about it.

tom911

sac1986 said:

Thanks Michaell...is the lease credit no longer $5500 (http://www.bmwusa.com/special-offers/lease.2016-X5-xDrive40e.html)?

It shows $5500 on the page you linked.

khoat6

tom911 said:

Closed the deal on my X5 last night and picked up the car. Very happy with with. X-Line with ACC, Cold weather and light interior.

Thanks for all the help on this forum over the last few months- I got what I think is a great deal. This forum really educated me on MSD's, lease rates, etc.

Loving the car - here's my deal. If you have any questions, I'd be happy to answer.

I added the $230 Cap cost to lower the MSD total

Did you pay down payment?
What is "customer cash down = $6304" listed in item #9?

And how did you go from #8 initial cap cost ($66855) to #19 adjusted cap cost ($61050)?

Thanks

tom911

Down payment was $6304.
This is comprised of:
- $4200 - 7 MSD's which get returned at lease end
- $230 - additional cap cost reduction (see below)
- $599.22 - First month payment
- $1274 - DMV, fees and taxes (on cap reduction)

$66855 + $925 Acquisition fee = $67780.

$67780 - $6500 rebates (Listed above) = $61280

$61280 - $230 = $6150.

I added the $230 to the drive off to get my payments under $600, which then lowered my 7 MSD's from 4550 (7 x $650) to $4200 (7 x $600).

khoat6

tom911 said:

Down payment was $6304.
This is comprised of:
- $4200 - 7 MSD's which get returned at lease end
- $230 - additional cap cost reduction (see below)
- $599.22 - First month payment
- $1274 - DMV, fees and taxes (on cap reduction)

$66855 + $925 Acquisition fee = $67780.

$67780 - $6500 rebates (Listed above) = $61280

$61280 - $230 = $6150.

I added the $230 to the drive off to get my payments under $600, which then lowered my 7 MSD's from 4550 (7 x $650) to $4200 (7 x $600).

So MSDs count towards CAP reduction just like a regular down payment?

Also, how did you ask for $6500 rebate?

kyfdx

tom911 said:

sac1986 said:

Thanks Michaell...is the lease credit no longer $5500 (http://www.bmwusa.com/special-offers/lease.2016-X5-xDrive40e.html)?

It shows $5500 on the page you linked.

It's $3500 lease credit just for the 40e. All X5s have an additional $2000, lease or finance.

kyfdx

khoat6 said:

tom911 said:

Down payment was $6304.
This is comprised of:
- $4200 - 7 MSD's which get returned at lease end
- $230 - additional cap cost reduction (see below)
- $599.22 - First month payment
- $1274 - DMV, fees and taxes (on cap reduction)

$66855 + $925 Acquisition fee = $67780.

$67780 - $6500 rebates (Listed above) = $61280

$61280 - $230 = $6150.

I added the $230 to the drive off to get my payments under $600, which then lowered my 7 MSD's from 4550 (7 x $650) to $4200 (7 x $600).

So MSDs count towards CAP reduction just like a regular down payment?

Also, how did you ask for $6500 rebate?

"Customer Cash Down" is a misnomer. It's just cash due from customer. It is not the same as a CAP cost reduction. MSDs do not reduce the CAP cost.