2016 BMW X5 Lease Questions

newlease001

What is the November residual and MF for a 2016 X5 40e (36 mos/ 10 or 12k miles/year). If it is a loaner, is the residual decreased by the mileage currently on the vehicle? (In the case here, about 4k miles). And I trust all other incentives should work and hold (i.e 2000 option allowance and $3500 lease credit). And all corporate programs and reduced MFs should work I'm being told that the corporate MF program doesn't apply---but I'm thinking this isn't right.

Corporate fleet discount doesn't apply to retired service loaners or demo vehicles. If you read the fine print of the flyer for corporate fleet program - it says there in the exclusions. It is not a dealer thing, it is part of excluded vehicles listed by BMW FS.

I recently got a loaner 2016 X5 with 7800 miles on it, I was also surprised when the dealer said that Corporate discount doesn't apply to this vehicle. but when i checked carefully, yes - even my company page says the same thing.

Don't trust your sales guy on this if he is saying that it can be applied to your car. It CAN'T.
The finance manager will take if off when you get to him. On a 2016 X5, corporate incentives are $1000 plus .00020 mf reduction, That is about $50/mo reduction in payment.

INELIGIBLE BMW / MINI VEHICLES:
Any additional BMW / MINI models not indicated in this summary, which will be launched during the calendar year 2016, up until further notice from BMW Group Fleet.
BMW / MINI Company Vehicles, Extended Test Drive, Shuttle or Limo, and Retired Service Loaner Vehicles are not eligible.
The Fleet incentive cannot be used in conjunction with the BMW Ultimate Drive Event (Level 1 only), BMW Car Club, BMW College Program, BMW Group Partner & Family Program, BMW CCA program, European Delivery, Diplomatic, USAA and / or Military Sales program, BMW Limousine & Hotel Shuttle Program, and the BMW VIP Purchase Program, which all are not eligible.
Pre-Owned BMW / MINI vehicles are not eligible.

Hope this helps.

Michaell

@newlease001 - thank you for the clarification.

kevin34

Hi,
Could you please let me know if this if a good deal for a 2017 X5 x35i lease in NY:
MSRP - $67,670
36/10k
.00134 MF
Upfront taxes: $2172
$2k cash cap reduction
Acq fee: $925
Dealer fees (docs etc.) - $95

$699 a month.

Good deal or...?
Thank you for your help!

kyfdx

kevin34 said:

Hi,
Could you please let me know if this if a good deal for a 2017 X5 x35i lease in NY:
MSRP - $67,670
36/10k
.00134 MF
Upfront taxes: $2172
$2k cash cap reduction
Acq fee: $925
Dealer fees (docs etc.) - $95

$699 a month.

Good deal or...?
Thank you for your help!

What is the total amount due at signing?
Selling price and/or CAP cost?

kevin34

Hi,
Amount due at signing is:
1st month - $699
Acquisition fee: 925
Fees and Insurance $95
Upfront Taxes $1856
Cash Cap reduction $2,000

Total - $5480 out of pocket.

MSRP - $67,670 with a purchase option of $39,248;

Vehicle sale price. $61,642

Thank you!

kevin34

+dmv fees

kyfdx

kevin34 said:

Hi,
Amount due at signing is:
1st month - $699
Acquisition fee: 925
Fees and Insurance $95
Upfront Taxes $1856
Cash Cap reduction $2,000

Total - $5480 out of pocket.

MSRP - $67,670 with a purchase option of $39,248;

Vehicle sale price. $61,642

Thank you!

The calculations are exact.
Given the lease program available, it appears to be a good deal.

hpforlife

can I get X5 x35i 36/12k for december please!

Michaell

hpforlife said:

can I get X5 x35i 36/12k for december please!

.00134 and 56%. $2000 option credit.

footballr

December lease numbers for 2016 X5 xdrive40e, 36 month 10k.

Thanks

kyfdx

footballr said:

December lease numbers for 2016 X5 xdrive40e, 36 month 10k.

Thanks

.00134 MF and 57% residual.
$3500 lease credit + $2000 option allowance

grecoaz

I just received the following quote for a 2016 X5 lease. MSRP $74,220. Cap cost $68,000 includes $2000 option allowance. 12K/36 months with $600 out of pocket to start plus they would apply $1000 loyalty and $1000 USAA rebates to oop. Monthly payment $998 in Scottsdale, AZ.

Seems like a high payment to me, and th discount doesn't appear to be that great for a 2016.

Any thoughts?

Michaell

grecoaz said:

I just received the following quote for a 2016 X5 lease. MSRP $74,220. Cap cost $68,000 includes $2000 option allowance. 12K/36 months with $600 out of pocket to start plus they would apply $1000 loyalty and $1000 USAA rebates to oop. Monthly payment $998 in Scottsdale, AZ.

Seems like a high payment to me, and th discount doesn't appear to be that great for a 2016.

Any thoughts?

.00134 and 56%

With your MSRP and Cap cost, I get $881/mo before tax.

Pretty high payment; not enough of a discount from sticker, if you ask me. Target should be 7% off sticker, before any incentives.

onmyway5

December lease numbers for a 2017 X5 40e, 36 month / 10k (or 12k) per year. Any incentives / lease credits? Thanks!

Michaell

onmyway5 said:

December lease numbers for a 2017 X5 40e, 36 month / 10k (or 12k) per year. Any incentives / lease credits? Thanks!

.00134 MF and 57% residual for 36/10. Subtract 1% for 12k

$3500 lease credit + $2000 option allowance

kyfdx

Michaell said:

onmyway5 said:

December lease numbers for a 2017 X5 40e, 36 month / 10k (or 12k) per year. Any incentives / lease credits? Thanks!

.00134 MF and 57% residual for 36/10. Subtract 1% for 12k

$3500 lease credit + $2000 option allowance

Actually, those are the 2016 numbers, as this is the 2016 discussion.

For 2017 numbers, please post here:
http://forums.edmunds.com/discussion/42587/bmw/x5/2017-bmw-x5-lease-questions#latest

croni003

Newbie question as I explore a 2016 X5 lease. without negotiating anything I have the following:

MSRP 65,545
Dealer discount 5,589
Sales price 59,956

I see mention here for $3500 lease credit and $2000 option allowance but don't see any other reference supporting this. Should I expect or try to get another 5500 reduction from MSRP in this instance.

Can you kindly give me the MF and residual for 36/10 lease terms.

Thanks so much

kyfdx

croni003 said:

Newbie question as I explore a 2016 X5 lease. without negotiating anything I have the following:

MSRP 65,545
Dealer discount 5,589
Sales price 59,956

I see mention here for $3500 lease credit and $2000 option allowance but don't see any other reference supporting this. Should I expect or try to get another 5500 reduction from MSRP in this instance.

Can you kindly give me the MF and residual for 36/10 lease terms.

Thanks so much

.00134 MF and 57% residual.

$2000 option allowance on all X5s.
The $3500 lease credit is only on the X5 40e.

tom911

grecoaz said:

I just received the following quote for a 2016 X5 lease. MSRP $74,220. Cap cost $68,000 includes $2000 option allowance. 12K/36 months with $600 out of pocket to start plus they would apply $1000 loyalty and $1000 USAA rebates to oop. Monthly payment $998 in Scottsdale, AZ.

Seems like a high payment to me, and th discount doesn't appear to be that great for a 2016.

Any thoughts?

Ouch! My X5 40e MSRP'd at $73K and I'm paying $600 incl. 9% tax. Go back a few pages to find my details.

grecoaz

tom911 said:

grecoaz said:

I just received the following quote for a 2016 X5 lease. MSRP $74,220. Cap cost $68,000 includes $2000 option allowance. 12K/36 months with $600 out of pocket to start plus they would apply $1000 loyalty and $1000 USAA rebates to oop. Monthly payment $998 in Scottsdale, AZ.

Seems like a high payment to me, and th discount doesn't appear to be that great for a 2016.

Any thoughts?

Ouch! My X5 40e MSRP'd at $73K and I'm paying $600 incl. 9% tax. Go back a few pages to find my details.

You got an awesome deal. I don't have quite the rebates as the 40e, but I agree I should be able to do better.

16bxm5w

Hello!

I have received the following offer from a dealer for a 2016 X5 xDrive35i:

MSRP: $78,270
Sale Price: $71,000
Down: $3,000
MF: .000850 (I am buying down rate w/7 MSDs)
Residual: 54%
Lease Terms: 3 years, 15k miles/year
Monthly Payment (including tax): $858.04

Should I be looking for a larger discount off MSRP? 9% seems healthy, however, I would prefer to be at $69,000 sale price with these terms.

Thank you!

Michaell

16bxm5w said:

Hello!

I have received the following offer from a dealer for a 2016 X5 xDrive35i:

MSRP: $78,270
Sale Price: $71,000
Down: $3,000
MF: .000850 (I am buying down rate w/7 MSDs)
Residual: 54%
Lease Terms: 3 years, 15k miles/year
Monthly Payment (including tax): $858.04

Should I be looking for a larger discount off MSRP? 9% seems healthy, however, I would prefer to be at $69,000 sale price with these terms.

Thank you!

What state and tax rate is this?

When I plug in your numbers, I get $894/mo before tax. Is the entire $3000 going to cap reduction?

Ask the dealer what the adjusted cap cost is - that will help us figure out the deal.

16bxm5w

Hello,

This is for CA at 9% tax rate (ouch, I know).

Here are some additional detail on how they are structuring this deal (sorry, initially omitted):

Total Rebates: $1,000
Security Deposit (MSDs): $6,300
Advanced Payment (1st month payment): $858.04
Upfront Charges: $2,060.48
Total Cap Reduction: $4,000
Residual Amount: $42,265.80

Due on Delivery: $12,218.52 (this is Total Cash and Rebates $13,218.52 - $1,000).

Does this look accurate? Is the dealer hiding costs somewhere here?

Thanks,
Carlo

kyfdx

16bxm5w said:

Hello,

This is for CA at 9% tax rate (ouch, I know).

Here are some additional detail on how they are structuring this deal (sorry, initially omitted):

Total Rebates: $1,000
Security Deposit (MSDs): $6,300
Advanced Payment (1st month payment): $858.04
Upfront Charges: $2,060.48
Total Cap Reduction: $4,000
Residual Amount: $42,265.80

Due on Delivery: $12,218.52 (this is Total Cash and Rebates $13,218.52 - $1,000).

Does this look accurate? Is the dealer hiding costs somewhere here?

Thanks,
Carlo

So, $3000 CAP reduction + $2060 upfront + $6300 MSDs?
Plus the 1st payment due at signing? Shewwww..

Also, there is a $2000 incentive this month, not $1000.

But, given their numbers ($67000 cap), I get $780/mo.+tax, so the calculations look pretty close.
I'd roll the $3000 plus the $925 acquisition fee into the CAP cost.
This will raise your payment by $125/mo, and add $700 to your MSDs, but it will reduce your other charges by $4300 or so.

16bxm5w

And, here's the deal sheet screen shot:

kyfdx

16bxm5w said:

And, here's the deal sheet screen shot:

Thanks.. please see my comments in post above.

I'd roll in the $3000 + $925 acquisition fee.

$99 for wheel locks... you'd think they would throw those in. lol

16bxm5w

Tell me about it...$99, for goodness sakes. Lol. Noted on the roll in $3k + acquisition fee.

Last question -- from a discount stand point at this point in Dec for a 2016 MY vehicle, is 9% below MSRP what you would consider a good deal?

Thanks!

Michaell

16bxm5w said:

Tell me about it...$99, for goodness sakes. Lol. Noted on the roll in $3k + acquisition fee.

Last question -- from a discount stand point at this point in Dec for a 2016 MY vehicle, is 9% below MSRP what you would consider a good deal?

Thanks!

We've always felt that anything over 7% on a BMW is pretty good. But, suggest you read back through the last page or two of posts on this forum to see what others have been able to negotiate.

16bxm5w

Thank you, Moderators. Your shared knowledge on this forum is invaluable!

lexusguy23

Hi Michaell,

I am looking to lease a 2016 BMW and noticed your comment:

"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"

Can you expand upon that? I understand the concept of using MSD to reduce the MF, but how would a buyer get it back at the end of the lease? Thanks!

Michaell

lexusguy23 said:

Hi Michaell,

I am looking to lease a 2016 BMW and noticed your comment:

"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"

Can you expand upon that? I understand the concept of using MSD to reduce the MF, but how would a buyer get it back at the end of the lease? Thanks!

You are 'loaning' the MSD monies to BMWFS for the term of the lease, in return you get the lower MF. At the end of the lease, that money is returned to you - or, you can roll it over to use as MSD for your next BMW lease.

lexusguy23

Michaell said:

lexusguy23 said:

Hi Michaell,

I am looking to lease a 2016 BMW and noticed your comment:

"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"

Can you expand upon that? I understand the concept of using MSD to reduce the MF, but how would a buyer get it back at the end of the lease? Thanks!

You are 'loaning' the MSD monies to BMWFS for the term of the lease, in return you get the lower MF. At the end of the lease, that money is returned to you - or, you can roll it over to use as MSD for your next BMW lease.

Very cool -- I did not know that. Thank you Michaell!

ryangad

I'm looking at a couple of X5 sdrive35i's at my local dealership. Can anyone give me a rundown of the incentives and rebates currently available for the 2017 model (current BMW owner / USAA member / AAA member)? Also the current MF and residual for a 3 year / 10k lease?

When I look at the Edmunds "true market value" for this vehicle it shows the average negotiated sales price at roughly $1,000 below invoice in my area (San Diego, CA). Does this include incentives and rebates?

Any extra published incentives for remaining 2016 models (or this just whatever the dealer is willing to do)? MF and residual for the 2016 model? Same as 2017? My local dealer has nine 2016 X5 models available, unfortunately none are the exact color / options that I want....but if I can strike a good enough deal I think I could be swayed.

kyfdx

ryangad said:

I'm looking at a couple of X5 sdrive35i's at my local dealership. Can anyone give me a rundown of the incentives and rebates currently available for the 2017 model (current BMW owner / USAA member / AAA member)? Also the current MF and residual for a 3 year / 10k lease?

When I look at the Edmunds "true market value" for this vehicle it shows the average negotiated sales price at roughly $1,000 below invoice in my area (San Diego, CA). Does this include incentives and rebates?

Any extra published incentives for remaining 2016 models (or this just whatever the dealer is willing to do)? MF and residual for the 2016 model? Same as 2017? My local dealer has nine 2016 X5 models available, unfortunately none are the exact color / options that I want....but if I can strike a good enough deal I think I could be swayed.

.00134 MF and 57% residual for 36/10.
$2000 option allowance.

The 2017 residuals are 1% higher, but they don't come with the $2000.

Everything you want to know about TMV is here:
https://www.edmunds.com/car-buying/how-to-use-tmv.html

alayaaa

Hi there,

Was lurking on here for a while and finally got a quote for a 2016 40e. What would be the monthly payment with $0 down?

36/12k
MSRP $70,595
Dealer Discount $10,000
BMW lease incentives $5,500
Total TTL $360.25
RV: 56%
MF: 0.00085 (still negotiating)
State: Texas

Based on the numbers above what would be the monthly payment? Also can I pay tax in full and only pay the depreciation in installment? Thank you!

Michaell

alayaaa said:

Hi there,

Was lurking on here for a while and finally got a quote for a 2016 40e. What would be the monthly payment with $0 down?

36/12k
MSRP $70,595
Dealer Discount $10,000
BMW lease incentives $5,500
Total TTL $360.25
RV: 56%
MF: 0.00085 (still negotiating)
State: Texas

Based on the numbers above what would be the monthly payment? Also can I pay tax in full and only pay the depreciation in installment? Thank you!

Using your numbers, I get $513/mo.

Yes, you can choose to pay the taxes and fees up front, though we don't recommend it. What happens if the lease terminates early? You think the state of Texas will refund you the sales tax you didn't use?

Only things you should pay up front:

1. first payment
2. non taxable government fees
3. MSD monies

alayaaa

Michaell said:

alayaaa said:

Hi there,

Was lurking on here for a while and finally got a quote for a 2016 40e. What would be the monthly payment with $0 down?

36/12k
MSRP $70,595
Dealer Discount $10,000
BMW lease incentives $5,500
Total TTL $360.25
RV: 56%
MF: 0.00085 (still negotiating)
State: Texas

Based on the numbers above what would be the monthly payment? Also can I pay tax in full and only pay the depreciation in installment? Thank you!

Using your numbers, I get $513/mo.

Yes, you can choose to pay the taxes and fees up front, though we don't recommend it. What happens if the lease terminates early? You think the state of Texas will refund you the sales tax you didn't use?

Only things you should pay up front:

1. first payment
2. non taxable government fees
3. MSD monies

Thank you so much, Michaell. Does the $513/month include tax already? And do you know if the $5500 BMW incentive is taxable or non-taxable? Thank you!

Michaell

alayaaa said:

Michaell said:

alayaaa said:

Hi there,

Was lurking on here for a while and finally got a quote for a 2016 40e. What would be the monthly payment with $0 down?

36/12k
MSRP $70,595
Dealer Discount $10,000
BMW lease incentives $5,500
Total TTL $360.25
RV: 56%
MF: 0.00085 (still negotiating)
State: Texas

Based on the numbers above what would be the monthly payment? Also can I pay tax in full and only pay the depreciation in installment? Thank you!

Using your numbers, I get $513/mo.

Yes, you can choose to pay the taxes and fees up front, though we don't recommend it. What happens if the lease terminates early? You think the state of Texas will refund you the sales tax you didn't use?

Only things you should pay up front:

1. first payment
2. non taxable government fees
3. MSD monies

Thank you so much, Michaell. Does the $513/month include tax already? And do you know if the $5500 BMW incentive is taxable or non-taxable? Thank you!

I simply used the numbers you provided. I'm guessing neither tax or fees are included. Figure $28/mo for every $1000 added to the price.

Yes, incentives are taxable.

gehmjc21

Hi Michael, do you have any numbers on a 2016 X5, 50i? 10k miles? Thank you!

Michaell

gehmjc21 said:

Hi Michael, do you have any numbers on a 2016 X5, 50i? 10k miles? Thank you!

.00134 and 57%.

Numbers expire today.

gehmjc21

OK thank you!

gehmjc21

Michael, sorry, what about the x5 35i xdrive? Thank you

kyfdx

gehmjc21 said:

Michael, sorry, what about the x5 35i xdrive? Thank you

.00134 MF and 54% residual for 36/10

nicksmu17

36/10 on a x5 50i? Illinois

ej1111

Do you have the MF and residual and any incentives on a 2016 x5 eDrive? Thank you!

kyfdx

nicksmu17 said:

36/10 on a x5 50i? Illinois

.00134 MF and 54% residual
$2000 option allowance

kyfdx

ej1111 said:

Do you have the MF and residual and any incentives on a 2016 x5 eDrive? Thank you!

.00134 MF and 51% residual for 36/15.
$2000 option allowance
$3000 lease credit

bmwbmw11

Are the rates for a 2016 X5 xDrive35i still .00134 MF and 54% residual for 36/10?

Michaell

bmwbmw11 said:

Are the rates for a 2016 X5 xDrive35i still .00134 MF and 54% residual for 36/10?

Yes.

$2000 option allowance, this month.

sfmark

Hi,
Looking for MF and residual on 2016 X5 50i 36/15.
Thanks.