2016 x5 lease question

lindsay2016

I would like to know if the following is a fair deal: I'm in IL Msrp $65570 Selling $62706 10k/39mth with 55% residual $940 with $0 down $900 with 7xmsd $865 with 7xmsd and taxes down Thanks.

kyfdx

lindsay2016 said:

I would like to know if the following is a fair deal: I'm in IL
Msrp $65570
Selling $62706
10k/39mth with 55% residual
$940 with $0 down
$900 with 7xmsd
$865 with 7xmsd and taxes down
Thanks.

Not sure I would do a 39 month lease on the X5, as the 36/10 residual is 58%. Not sure you are saving much.

If the selling price is the CAP cost, I get $812/mo. with the base MF of .00131, It's $5/mo. more to do 36/10.

$764/mo. with MSDs and .00082 MF

But, your information doesn't give the actual adjusted CAP cost, so we are just guessing. This model comes with a $1500 incentive from BMW, so not real impressed with your discount from MSRP, either.

lindsay2016

Thanks. That's what I thought based on the other discussions I've seen so far on this site. 

lindsay2016

The dealer claims that the MF is .0015 and cannot be adjusted bc these are "set by BMW on a monthly basis". Is it possible they are different by state? 

kyfdx

lindsay2016 said:

The dealer claims that the MF is .0015 and cannot be adjusted bc these are "set by BMW on a monthly basis". Is it possible they are different by state? 

The base MF is .00131, nationwide, this month. Dealers are permitted to mark up the rate as much as .0004, for a maximum of .00171, for extra profit. No doubt.

I would suggest introducing some competition to your search, as this dealer is obviously not going to give you a good deal on his own.