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2016 BMW X5 Lease Question

jjleasejjlease Posts: 5
edited June 2016 in BMW
MSRP 63875 + Dest Charge (995)= 64870
Sales Price of 61400
Tax (3975.77) + fees (357.25) + 61400 = $65733.02
Residual 36975.90
36 with 15k/mile per year

986/month with no down

High?

Comments

  • kyfdxkyfdx Posts: 119,685
    jjlease said:

    MSRP 63875 + Dest Charge (995)= 64870
    Sales Price of 61400
    Tax (3975.77) + fees (357.25) + 61400 = $65733.02
    Residual 36975.90
    36 with 15k/mile per year

    986/month with no down

    High?

    .00138 MF and 57% residual

    That gives me $941/mo.

    What about the $925 acquisition fee?

    Ask the dealer for the actual adjusted CAP cost, and verify the money factor they are using (possibly marked up).

    I am underwhelmed by the 5.4% discount from MSRP.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • jjleasejjlease Posts: 5
    The money factor does looked to be marked up. I will ask for the exact factor. Does the residual sound low as well for a 2016 BMW X5 sDrive35i? I am also underwhelmed by the discount as I am supposed to be a "preferred customer".
  • jjleasejjlease Posts: 5
    Thank you for your help already and for your future thoughts!
  • MichaellMichaell ColoradoPosts: 109,970
    jjlease said:

    The money factor does looked to be marked up. I will ask for the exact factor. Does the residual sound low as well for a 2016 BMW X5 sDrive35i? I am also underwhelmed by the discount as I am supposed to be a "preferred customer".

    Residual is fixed by the bank and cannot be altered.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • jjleasejjlease Posts: 5
    How much of a difference should there be in the payment between choosing 12,000 miles or 15,000 miles?
  • MichaellMichaell ColoradoPosts: 109,970
    jjlease said:

    How much of a difference should there be in the payment between choosing 12,000 miles or 15,000 miles?

    2% of MSRP over the lease term, before tax.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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