2016 BMW X5 XdDrive 35i lease terms
I reviewed the other deals you documented and went to the dealer. I'm currently leasing a 2014 X5 35i in San Diego and shopping to turn it in for a new one.
offer: this will be an order car so I priced it on the BMW site and emailed that to the dealer which came to MSRP $63,470.
His offer: sale price $ 59,344 down payment 0, residual 38,717, MF .00135, lease payment $883.57. includes loyalty credit of $1000 to apply to license & registration.
Do these numbers match your calculation?
Thanks
offer: this will be an order car so I priced it on the BMW site and emailed that to the dealer which came to MSRP $63,470.
His offer: sale price $ 59,344 down payment 0, residual 38,717, MF .00135, lease payment $883.57. includes loyalty credit of $1000 to apply to license & registration.
Do these numbers match your calculation?
Thanks
Tagged:
0
Comments
Adding $1500 to the selling price for $925 acq.fee + title/registration/doc fee, results in a payment of $749/mo.+tax. With 9% tax, that is $816/mo. That's a long way from $883/mo.
Of course, I'm estimating some of that.
Ask the dealer for the net/adjusted CAP cost, the money factor used (I know what they said, but ask again), and the total amount out of pocket that is due at signing.
Almost $900/mo. for a $64K vehicle is not that good, for 36mo, 10K/yr
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
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 / 2024 Kia Sportage Hybrid SX Prestige
Subtract 1% from the 10K residual for 12K; that would raise your payment about $17-18/mo.
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 / 2024 Kia Sportage Hybrid SX Prestige
Their quote was for absolutely no money down. Would that make this much difference
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 / 2024 Kia Sportage Hybrid SX Prestige
x5 xdrive 3.5 gas. the deal i got was from leasing company.
dealer was way far,
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 / 2024 Kia Sportage Hybrid SX Prestige
Is this part of the negotiation, that they start 100 bucks high and whats the best way to close the gap? How do I proceed?
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 / 2024 Kia Sportage Hybrid SX Prestige
Each $1000 will add about $28/mo, pre-tax, to the lease payment.
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 / 2024 Kia Sportage Hybrid SX Prestige
MSRP - 61,370
Residual - 59%
36 months/12k miles per
Residual Value - $36,208
Cap Cost - $58,000
Cash Cap Reduction - $2117.33
Rebate - $2k
Bank Fee - $925
Adjusted Cap Cost - $54,807
Lease Factor - .00157
Total Monthly - $718.91
Cash Down - $3,900
Is this a good deal? Thanks in advance
Your $3900?
1st payment
CCR $2117
What is the other $1000 for?
Money factor is marked up from base .00137.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I'm having trouble figuring out which numbers roll up into the others but, based on your response, is this the math:
MSRP - $61,370
DownPayment - $3,900 (subtract)
!st payment - $718.91 (subtract)
CCR - $2117.33
= $54,633.76 (should this equal the Adjusted Cap Cost?)
Then you multiple that by the money factor to get the % interest?
Regardless of me fully understanding the math, is this a decent discount off the MSRP for the car?
Thanks
-$2117.33 CCR (this is the portion of your $3900 that is going to Cap cost reduction).
-$2000 Rebate
+$925 acquisition fee
= $54,807 adjusted CAP cost.
So, you are paying $3900 upfront.
$2117 goes to CAP cost reduction (downpayment)
$719 goes to first payment.
That leaves over $1000 to pay for.... what?
There could be legitimate charges.. but, without a breakdown, you can't be sure.
They are giving a 5.5% discount from MSRP, which is average, but then marking up the money factor for extra profit. Seems like you could do better.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)