2016 BMW X5 Lease

scalbmrscalbmr Member Posts: 12
edited January 2016 in BMW
Hi,

First time poster here, I got a quote for 2016 X5 for lease, residual is 56%, MF is 0.00132 with only 2K down for 797/month including tax,10K Miles/year, price is set 60825, is this a good deal, has very basic features,
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  • MichaellMichaell ColoradoModerator Posts: 193,324
    scalbmr said:

    Hi,

    First time poster here, I got a quote for 2016 X5 for lease, residual is 56%, MF is 0.00132 with only 2K down for 797/month including tax,10K Miles/year, price is set 60825, is this a good deal, has very basic features,

    The .00132 MF is the base rate.

    Which engine is this? RWD or AWD? Residuals vary.

    What is the MSRP?

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  • scalbmrscalbmr Member Posts: 12
    Thanks, this is for 2016 X5 xDrive40e, it is AWD, also its for 36 Month
  • scalbmrscalbmr Member Posts: 12
    MSRP is 66745
  • MichaellMichaell ColoradoModerator Posts: 193,324
    scalbmr said:

    Thanks, this is for 2016 X5 xDrive40e, it is AWD, also its for 36 Month

    56% for 36/10; $1500 option allowance and $3000 lease credit.
    scalbmr said:

    MSRP is 66745

    With the incentives, that isn't much of a discount from sticker.

    I get $781/mo + tax with those prices.

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  • jmalmskovjmalmskov Member Posts: 9
    looking at a X5 35D on 36 months with 12K mileage annually. I am getting below numbers, does the MF and RV match?

    msrp $67,295
    your price $62900
    $5000 down
    36 month lease $766 + tax per month
    12000 miles per year
    Residual is 57% or $38,358.15
    Money factor is .00152

    Thank you
  • kyfdxkyfdx Moderator Posts: 197,940
    jmalmskov said:

    looking at a X5 35D on 36 months with 12K mileage annually. I am getting below numbers, does the MF and RV match?

    msrp $67,295
    your price $62900
    $5000 down
    36 month lease $766 + tax per month
    12000 miles per year
    Residual is 57% or $38,358.15
    Money factor is .00152

    Thank you

    .00132 MF and 57% residual.

    MF markup is adding about $20/mo. to your payment

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  • jmalmskovjmalmskov Member Posts: 9
    thank you for your quick responds
  • scalbmrscalbmr Member Posts: 12
    thanks for the reply, should I ask 12K millage for the price I got, am I paying too much with 797 including Tax, what would you say would be fair price.
  • MichaellMichaell ColoradoModerator Posts: 193,324
    scalbmr said:

    thanks for the reply, should I ask 12K millage for the price I got, am I paying too much with 797 including Tax, what would you say would be fair price.

    I think there may be more of a discount available from sticker; read back through the last couple of pages of this discussion to see what others have been able to negotiate.

    We don't track selling prices.

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  • 5genlx945genlx94 Member Posts: 5
    Hi,

    I am working with a dealer and my trade in could be used as a one pay lease? Are there any negative scenarios for a one pay lease?

    TIA
  • MichaellMichaell ColoradoModerator Posts: 193,324
    5genlx94 said:

    Hi,

    I am working with a dealer and my trade in could be used as a one pay lease? Are there any negative scenarios for a one pay lease?

    TIA

    No down sides for a one-pay lease.

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  • adams2321adams2321 Member Posts: 1
    Looking at a 2016 X5 50i here's what has been offered after some shopping:
    MSRP: $81,595
    Selling price: $71,500
    36/10
    Total out of pocket: $2,500
    Payment $841 pre tax, $901 after CA tax

    Does this workout with your residual and MF #'s?

    All communication has been done via email and I have not seen the actual figure sheet.

    Thank you
  • MichaellMichaell ColoradoModerator Posts: 193,324
    adams2321 said:

    Looking at a 2016 X5 50i here's what has been offered after some shopping:
    MSRP: $81,595
    Selling price: $71,500
    36/10
    Total out of pocket: $2,500
    Payment $841 pre tax, $901 after CA tax

    Does this workout with your residual and MF #'s?

    All communication has been done via email and I have not seen the actual figure sheet.

    Thank you

    58% and .00132 for January.

    Using your prices, I get a payment of $828/mo + tax, so pretty close to your quote. Find out the net cap cost and what the $2500 due at signing covers.

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  • ceeb123ceeb123 Member Posts: 3
    Looking for advice on this X5 lease in WA state.

    2016 35ix MSRP $70,320

    Selling price $64,500 which includes $1,500 lease option credit.
    Discount on car before option credit seems to be ~6%
    Lease terms are 36mo, 12k/yr $2,500 total drive off. (told that it is a MF of .00132)
    Payment is $895/mo (incl. 9.8% sales tax)

    Asked about the extra $1,500 winter adder credit, but was told this car does not qualify for that since it is still in transit (not dealer stock) - is that true?

    Are there any other current lease credits or dealer cash programs going on at the moment?
  • kyfdxkyfdx Moderator Posts: 197,940
    ceeb123 said:

    Looking for advice on this X5 lease in WA state.

    2016 35ix MSRP $70,320

    Selling price $64,500 which includes $1,500 lease option credit.
    Discount on car before option credit seems to be ~6%
    Lease terms are 36mo, 12k/yr $2,500 total drive off. (told that it is a MF of .00132)
    Payment is $895/mo (incl. 9.8% sales tax)

    Asked about the extra $1,500 winter adder credit, but was told this car does not qualify for that since it is still in transit (not dealer stock) - is that true?

    Are there any other current lease credits or dealer cash programs going on at the moment?

    Payment looks about right. We don't have any information on the winter adder credit, so can't answer that question.

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  • ceeb123ceeb123 Member Posts: 3
    kyfdx said:

    ceeb123 said:

    Looking for advice on this X5 lease in WA state.

    2016 35ix MSRP $70,320

    Selling price $64,500 which includes $1,500 lease option credit.
    Discount on car before option credit seems to be ~6%
    Lease terms are 36mo, 12k/yr $2,500 total drive off. (told that it is a MF of .00132)
    Payment is $895/mo (incl. 9.8% sales tax)

    Asked about the extra $1,500 winter adder credit, but was told this car does not qualify for that since it is still in transit (not dealer stock) - is that true?

    Are there any other current lease credits or dealer cash programs going on at the moment?

    Payment looks about right. We don't have any information on the winter adder credit, so can't answer that question.
    Thanks! This Winter adder credit would be nice to take advantage of, but can't find much information about its rules.
  • x5driver230x5driver230 Member Posts: 10
    I'm trying to figure out how the current incentives work.

    It appears there are about $3000 (2 X 1500) in credits for current X5 owners looking to purchase a new X5.

    How are these credits applied when leasing?

    For instance I negotiated ____ selling price for the vehicle. Do they take the credits off the price as an additional discount?

    I'm sorry for asking but it's the first time I've dealt with incentives on a lease negotiation. I've asked the dealer twice but they keep giving me a straight sales price and not showing an incentives applied.


    Thank you in advance.

  • kyfdxkyfdx Moderator Posts: 197,940

    I'm trying to figure out how the current incentives work.

    It appears there are about $3000 (2 X 1500) in credits for current X5 owners looking to purchase a new X5.

    How are these credits applied when leasing?

    For instance I negotiated ____ selling price for the vehicle. Do they take the credits off the price as an additional discount?

    I'm sorry for asking but it's the first time I've dealt with incentives on a lease negotiation. I've asked the dealer twice but they keep giving me a straight sales price and not showing an incentives applied.


    Thank you in advance.

    Any price they give you will already include the incentive. On the actual lease paperwork, it will be listed as a CAP cost reduction, though, and will be taxed.

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  • ken_k_wken_k_w Member Posts: 27
    Dear Holy Awesome Moderator and other ed members:

    Location: NY Westchester
    MSRP: $68,220
    Selling Price: $61,910
    MF: 0.00132
    Residual: 58%
    Lease: 36 months, 10k miles/year, 0 down
    Sales Tax: 8.375%

    Quote: $754/month, $4430 due at signing

    Is is a good deal? Any chance to push down the selling price in NY?

    Thanks
    Ken
  • kyfdxkyfdx Moderator Posts: 197,940
    ken_k_w said:

    Dear Holy Awesome Moderator and other ed members:

    Location: NY Westchester
    MSRP: $68,220
    Selling Price: $61,910
    MF: 0.00132
    Residual: 58%
    Lease: 36 months, 10k miles/year, 0 down
    Sales Tax: 8.375%

    Quote: $754/month, $4430 due at signing

    Is is a good deal? Any chance to push down the selling price in NY?

    Thanks
    Ken

    The calculation and variables are correct. $3000 in incentives on this model. You have about 5% off MSRP, before deducting the incentive. You may have another $1000-$1500 to play with.. (maybe not).

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  • ken_k_wken_k_w Member Posts: 27
    @kyfdx thank you sir! I'll keep negotiating.
  • ken_k_wken_k_w Member Posts: 27
    Here is my latest quote:

    Location: NJ

    X5 with xline + premium + lighting + cold weather + 3rd row
    36 months, 10k miles, 0 down

    MSRP: 69170
    Selling Price: 60284
    Lease Payment: 692.68
    Due at signing: 4641.35
    MF: 0.0013
    Residual: 58%

    Discount is at 13% or 8.5% before the incentives. There is another dealer that told me they will beat any offer I get. So I will contact them again on Monday. I might be too aggressive, but I want another 1000 off.
  • MichaellMichaell ColoradoModerator Posts: 193,324
    ken_k_w said:

    Here is my latest quote:

    Location: NJ

    X5 with xline + premium + lighting + cold weather + 3rd row
    36 months, 10k miles, 0 down

    MSRP: 69170
    Selling Price: 60284
    Lease Payment: 692.68
    Due at signing: 4641.35
    MF: 0.0013
    Residual: 58%

    Discount is at 13% or 8.5% before the incentives. There is another dealer that told me they will beat any offer I get. So I will contact them again on Monday. I might be too aggressive, but I want another 1000 off.

    Every $1000 you negotiate from the selling price reduces your pre-tax lease payment about $28/mo.

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  • ken_k_wken_k_w Member Posts: 27
    @Michaell thanks Michael! What do you think my chances are of getting more discount? Is 8.5% dealer discount near the max discount possible out there?

    The sales person said this price was very close to their invoice, but I can never know what the truth is and I do want the dealer to make some money.
  • bknycbknyc Member Posts: 61
    edited February 2016
    Does the 692 include NJ tax? Do you the breakdown of the 4641?
  • ken_k_wken_k_w Member Posts: 27
    @bknyc No, 4641 includes tax and all doc/acquisition fees. 692 does NOT include tax.
  • ken_k_wken_k_w Member Posts: 27
    New quote:

    MSRP: 63025
    Selling Price: 57000
    36 months 10k miles 0 down
    Lease: 599
    Due at signing with taxes and fees: about 4000

    Two different dealers gave me this quote on seemingly the same vehicle. They both wrote "Offer 118219 EXPIRES TODAY"

    Is this a good deal or is there something fishy?
  • MichaellMichaell ColoradoModerator Posts: 193,324
    ken_k_w said:

    New quote:

    MSRP: 63025
    Selling Price: 57000
    36 months 10k miles 0 down
    Lease: 599
    Due at signing with taxes and fees: about 4000

    Two different dealers gave me this quote on seemingly the same vehicle. They both wrote "Offer 118219 EXPIRES TODAY"

    Is this a good deal or is there something fishy?

    I get closer to $700 with those numbers (.00132 MF and 58% RV).

    What exactly does the $4000 include?

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  • charlesw1charlesw1 Member Posts: 1
    Got a dealer quote today,WA
    2016 XDrive 35i
    MSRP 65720
    Selling Price 60091 (~4% off +3000)
    MF with 7MSD 0.00123
    RV 57%
    36/10000
    Cash due 7242(MSD+first month payment)
    Monthly payment :767+tax

    are these numbers right?
    isn't the MF supposed to be 0.00084 after 7 MSD? (0.00132-0.00049)
    thanks
  • MichaellMichaell ColoradoModerator Posts: 193,324
    charlesw1 said:

    Got a dealer quote today,WA
    2016 XDrive 35i
    MSRP 65720
    Selling Price 60091 (~4% off +3000)
    MF with 7MSD 0.00123
    RV 57%
    36/10000
    Cash due 7242(MSD+first month payment)
    Monthly payment :767+tax

    are these numbers right?
    isn't the MF supposed to be 0.00084 after 7 MSD? (0.00132-0.00049)
    thanks

    Yes, base MF is .00132, so 7 MSDs would take it down to .00083. Dealer has marked up MF for extra profit.

    Might be time to reach out to another dealer. End of the month may make them a bit more competitive.

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  • joiedevivrejoiedevivre Member Posts: 8
    Hello all - Michigan here,

    Considering a 2016 x5 50i new build

    MSRP $84,995
    Selling price $82,495

    I am assuming that I should be able to purchase for 91% to 93% of MSRP so more work needs to be done right off the bat

    Doc fee $210
    Acquisition $925

    Gross Cap Cost $83,420

    Rebates $2,000
    Net Cap Cost $81,420

    Residual 55%
    3yr/30,000 miles
    I thought this was pretty good as I am hearing residuals of 55% with 3yr/15K miles
    Mileage program = 15,000
    annual planned miles = 30,000
    Not sure how these last two items relate to each other and when I questioned the mileage and MF the dealer said: "I talked to my manager and he said you were offered BMW Sales Support Money Factor which is 4 basis points lower than what we are allowed to charge, as well as the Value price discount on the vehicle. If you don't need the 30,000mi a year he is more than happy to rework the numbers for you on something more suitable."
    So should a 3yr/12K miles residual be 53% (57% - 4%) based on the "BMW Sales Support Money Factor"?

    MF .00175
    should try for .00132?

    advance payment of $1,506.97
    upfront charges $391.04
    initial payment $3,898.01
    Due on Delivery $1,898,01

    Base monthly payment $1,421.67
    monthly tax $85.30
    Payment $1,506.97

    Sorry if I provided too much info, not really sure what you need to evaluate the deals.
    How much am I being raked over the coals?

  • MichaellMichaell ColoradoModerator Posts: 193,324

    Hello all - Michigan here,

    Considering a 2016 x5 50i new build

    MSRP $84,995
    Selling price $82,495

    I am assuming that I should be able to purchase for 91% to 93% of MSRP so more work needs to be done right off the bat

    Doc fee $210
    Acquisition $925

    Gross Cap Cost $83,420

    Rebates $2,000
    Net Cap Cost $81,420

    Residual 55%
    3yr/30,000 miles
    I thought this was pretty good as I am hearing residuals of 55% with 3yr/15K miles
    Mileage program = 15,000
    annual planned miles = 30,000
    Not sure how these last two items relate to each other and when I questioned the mileage and MF the dealer said: "I talked to my manager and he said you were offered BMW Sales Support Money Factor which is 4 basis points lower than what we are allowed to charge, as well as the Value price discount on the vehicle. If you don't need the 30,000mi a year he is more than happy to rework the numbers for you on something more suitable."
    So should a 3yr/12K miles residual be 53% (57% - 4%) based on the "BMW Sales Support Money Factor"?

    MF .00175
    should try for .00132?

    advance payment of $1,506.97
    upfront charges $391.04
    initial payment $3,898.01
    Due on Delivery $1,898,01

    Base monthly payment $1,421.67
    monthly tax $85.30
    Payment $1,506.97

    Sorry if I provided too much info, not really sure what you need to evaluate the deals.
    How much am I being raked over the coals?

    Base MF is .00135 this month; 36/15 residual is 55% for X5 xDrive50i.

    Extra miles are charged at .15-.25 per mile, deducted from the calculated residual. If you need an extra 45,000 miles in the lease, that will cost about $9000 (at .20/mile), or $250/mo alone.

    Yes, get more of a discount from sticker and work to get the base MF.

    The extra miles will hurt, regardless.

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  • danmgy11danmgy11 Member Posts: 101

    Hello all - Michigan here,

    Considering a 2016 x5 50i new the lease ends. As I recall ild

    MSRP $84,995
    Selling price $82,495

    I am assuming that I should be able to purchase for 91% to 93% of MSRP so more work needs to be done right off the bat

    Doc fee $210
    Acquisition $925

    Gross Cap Cost $83,420

    Rebates $2,000
    Net Cap Cost $81,420

    Residual 55%
    3yr/30,000 miles
    I thought this was pretty good as I am hearing residuals of 55% with 3yr/15K miles
    Mileage program = 15,000
    annual planned miles = 30,000
    Not sure how these last two items relate to each other and when I questioned the mileage and MF the dealer said: "I talked to my manager and he said you were offered BMW Sales Support Money Factor which is 4 basis points lower than what we are allowed to charge, as well as the Value price discount on the vehicle. If you don't need the 30,000mi a year he is more than happy to rework the numbers for you on something more suitable."
    So should a 3yr/12K miles residual be 53% (57% - 4%) based on the "BMW Sales Support Money Factor"?

    MF .00175
    should try for .00132?

    advance payment of $1,506.97
    upfront charges $391.04
    initial payment $3,898.01
    Due on Delivery $1,898,01

    Base monthly payment $1,421.67
    monthly tax $85.30
    Payment $1,506.97

    Sorry if I provided too much info, not really sure what you need to evaluate the deals.
    How much am I being raked over the coals?

    Something to keep in mind is that BMW allows you to purchase additional miles 6 or 3 months before the lease ends (can't remember exactly when it is). As I recall the miles cost a bit more purchasing them at the beginning of the lease but still cheaper then paying at the end of the lease.

    I like you needed additional miles but only pre-purchase a small amount at the beginning and then more at the end so I wouldn't over purchase miles. In the end I ended up saving because I didn't need 20k miles a year it turned out.

    I would keep working the dealer for a lower cap cost and also try emailing dealerships further away ffor a better deal. My last lease I saved $40 a month getting it from a dealership that was over 100 miles away (worth a Sunday drive to me).
  • joiedevivrejoiedevivre Member Posts: 8
    Thank you for your responses.
    I am not sure why the dealer assumed I wanted a 30,000 mile lease as I didn't ask for nor do I need that many miles. 15,000 is sufficient. The thing I am trying to wrap my head around is they are offering me the 15K mile residual (55%) on a 30K mile lease; does that mean they would offer me higher than 55% on the 15k lease? All questions that I can ask of them if I decide to move forward. Also looking at a MB GL 550.
  • MichaellMichaell ColoradoModerator Posts: 193,324

    Thank you for your responses.
    I am not sure why the dealer assumed I wanted a 30,000 mile lease as I didn't ask for nor do I need that many miles. 15,000 is sufficient. The thing I am trying to wrap my head around is they are offering me the 15K mile residual (55%) on a 30K mile lease; does that mean they would offer me higher than 55% on the 15k lease? All questions that I can ask of them if I decide to move forward. Also looking at a MB GL 550.

    Is it 30,000 total miles, that is, 10,000 miles per year for 3 years? There may have been a miscommunication with the dealer on that point.

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  • joiedevivrejoiedevivre Member Posts: 8
    Quote from the dealer:

    "The average is usually 10,000-15,000yr but yours was for 30,000yr so a total of 90,000mi for the whole lease that's why the cost is higher."
  • MichaellMichaell ColoradoModerator Posts: 193,324

    Quote from the dealer:

    "The average is usually 10,000-15,000yr but yours was for 30,000yr so a total of 90,000mi for the whole lease that's why the cost is higher."

    It sure would be higher.

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  • hvwmanhvwman Member Posts: 12
    edited March 2016
    @kyfdx @Michaell

    Can you please provide me the MF and residual % on a 2016 BMW X5, for both the s35 and x35. 10k miles/year for 36 months.

    Thanks!!
  • joiedevivrejoiedevivre Member Posts: 8
    Not getting anywhere negotiating with my local dealership. They still insist that their high mf is set by BMW and they cannot do anything about it plus they are only willing to come down 3% from MSRP. So my question is twofold:

    1) Anyone know of a dealer willing to give a good deal in Michigan or a state nearby?
    2) I have always frequented two local dealerships for Chevy and Jeep and have great relationships with them (just looking for a more exciting vehicle that can fit 4 adults). How do the dealers feel about servicing cars purchased at other dealerships? The one that is giving me the run around on price is certainly the most convenient BMW dealership for service.

    Thank you,
  • MichaellMichaell ColoradoModerator Posts: 193,324
    hvwman said:

    @kyfdx @Michaell

    Can you please provide me the MF and residual % on a 2016 BMW X5, for both the s35 and x35. 10k miles/year for 36 months.

    Thanks!!

    .00135 and $2000 lease credit for both

    s35 - 59%
    x35 - 58%

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  • MichaellMichaell ColoradoModerator Posts: 193,324

    Not getting anywhere negotiating with my local dealership. They still insist that their high mf is set by BMW and they cannot do anything about it plus they are only willing to come down 3% from MSRP. So my question is twofold:

    1) Anyone know of a dealer willing to give a good deal in Michigan or a state nearby?
    2) I have always frequented two local dealerships for Chevy and Jeep and have great relationships with them (just looking for a more exciting vehicle that can fit 4 adults). How do the dealers feel about servicing cars purchased at other dealerships? The one that is giving me the run around on price is certainly the most convenient BMW dealership for service.

    Thank you,

    1. Can't help you with dealership recommendations, but there is a section of the Edmunds site dedicated to dealer reviews: http://www.edmunds.com/dealer-reviews/
    2. Are you asking if your Chevy or Jeep dealer will be willing to work on your BMW? I doubt that would happen - the dealer techs are trained specifically for those brands, and may not be the best source of service for an X5

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  • mike3520mike3520 Member Posts: 3
    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.
  • MichaellMichaell ColoradoModerator Posts: 193,324
    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    I'm within a couple bucks of that calculation. Only way to improve on it is to negotiate a better selling price or use MSD to buy down the MF.

    Edmunds Price Checker
    Edmunds Lease Calculator
    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

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • mike3520mike3520 Member Posts: 3
    Michaell said:

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    I'm within a couple bucks of that calculation. Only way to improve on it is to negotiate a better selling price or use MSD to buy down the MF.



    Thanks you for your prompt response Michaell. Unfortunately no MSD's in NY.
    I'm happy with the #'s gonna order this week. Salesperson also stated I can lock in the 2000 lease credit because the vehicle will be a factory order.
  • kyfdxkyfdx Moderator Posts: 197,940
    mike3520 said:

    Michaell said:

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    I'm within a couple bucks of that calculation. Only way to improve on it is to negotiate a better selling price or use MSD to buy down the MF.



    Thanks you for your prompt response Michaell. Unfortunately no MSD's in NY.
    I'm happy with the #'s gonna order this week. Salesperson also stated I can lock in the 2000 lease credit because the vehicle will be a factory order.
    Yes.. the 2016 model lease credit is a lockable incentive.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • mike3520mike3520 Member Posts: 3
    Michaell said:

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    I'm within a couple bucks of that calculation. Only way to improve on it is to negotiate a better selling price or use MSD to buy down the MF.
    Michaell said:

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    I'm within a couple bucks of that calculation. Only way to improve on it is to negotiate a better selling price or use MSD to buy down the MF.





    Michaell just spoke with my dealer. He says their is an acquisition fee of $925 for BMW vehicles. So the monthly goes up from $707 to $734 a month for 36 month lease And with total of $820 due at signing (first month,dmv). Is that acquisition fee standard and always included or can it be waived. I did not include it in my lease calculations at $707
    Thanks in advance for your help
  • MichaellMichaell ColoradoModerator Posts: 193,324
    mike3520 said:

    Michaell said:

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    I'm within a couple bucks of that calculation. Only way to improve on it is to negotiate a better selling price or use MSD to buy down the MF.
    Michaell said:

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    mike3520 said:

    Greetings. Just seeing if someone like Michaell can clarify my lease #s.
    2016 BMW X5 xdrive35i
    36 months 10k
    Msrp 60,545
    Selling price with 2000 lease credit included. 54,255
    Mf .00135. Rv. 58%.
    Sign and drive just first month and dmv at signing.
    Ny tax included in monthly lease of 8.625%
    Coming up with $707 a month with taxes on lease calculator. Does this look correct?
    Thanks in advance.

    I'm within a couple bucks of that calculation. Only way to improve on it is to negotiate a better selling price or use MSD to buy down the MF.





    Michaell just spoke with my dealer. He says their is an acquisition fee of $925 for BMW vehicles. So the monthly goes up from $707 to $734 a month for 36 month lease And with total of $820 due at signing (first month,dmv). Is that acquisition fee standard and always included or can it be waived. I did not include it in my lease calculations at $707
    Thanks in advance for your help
    Acquisition fee is imposed by the bank and is not negotiable. You have the choice of paying it up front or adding it to the cap cost.

    Edmunds Price Checker
    Edmunds Lease Calculator
    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

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • selh_03selh_03 Member Posts: 12
    I have the following offer on the table.
      I would appreciate your opinion as to whether this is a fair or strong deal.
    2016 x35i MSRP $67,470.  
    Negotiated total purchase $60,723.  
    Tax 1821.59
    Balance is $62,611.59.
     North Carolina doesn't have a sales tax but is has a Highway use tax and then Each year I will pay Porperty tax on this vehicle.  I am using my current vehicle for the down payment which comes in at:
    $5000 down (trade in)
    36 months/12,000 miles per year (doubtful I will go over 10,000)
    $659.77/ month

    or
    30 months/12,000 miles
    $691.76

    This is all of the information I currently have.

    thank you for your help!
  • danmgy11danmgy11 Member Posts: 101
    Don't use it as a down payment you should apply it to multi security deposits instead. 
  • selh_03selh_03 Member Posts: 12
    danmgy11 said:
    Don't use it as a down payment you should apply it to multi security deposits instead. 
    Please explain.
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