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2016 BMW X5 Lease Offer Explanation

teck2u2teck2u2 Posts: 33
edited July 2016 in BMW
Hi, Im trying to lease a 2016 X5 and the dealers are obviusly hesitant to honor BMW's lease offer below.

1. Can someone PLEASE explain this offer to me, specifically how did they arrive at $5,014 at signing?
2. WhaT am i getting for this?
3. Can I get a better offer?

Leasing Requirements and Restrictions:
Down Payment: $3,500
Security Deposit: $0
Lease Cash: $0
Annual Mileage: 10,000
Lease is based on the 2016 X5 sDrive35i equipped with optional xLine, Metallic Paint, Lighting Package and 20" Y-spoke wheels.
MSRP as equipped is $55,695.
$1,718.00 Dealer contribution is required for the $589 monthly payment.
$5,014 is due at signing.
Tax, tags and insurance are extra.
Must finance through BMW Financial Services.

Monthly Payment - $589.36
Month Term - 06/30/2016
Start End - 08/01/2016

Comments

  • kyfdxkyfdx Posts: 119,942
    teck2u2 said:

    Hi, Im trying to lease a 2016 X5 and the dealers are obviusly hesitant to honor BMW's lease offer below.

    1. Can someone PLEASE explain this offer to me, specifically how did they arrive at $5,014 at signing?
    2. WhaT am i getting for this?
    3. Can I get a better offer?

    Leasing Requirements and Restrictions:
    Down Payment: $3,500
    Security Deposit: $0
    Lease Cash: $0
    Annual Mileage: 10,000
    Lease is based on the 2016 X5 sDrive35i equipped with optional xLine, Metallic Paint, Lighting Package and 20" Y-spoke wheels.
    MSRP as equipped is $55,695.
    $1,718.00 Dealer contribution is required for the $589 monthly payment.
    $5,014 is due at signing.
    Tax, tags and insurance are extra.
    Must finance through BMW Financial Services.

    Monthly Payment - $589.36
    Month Term - 06/30/2016
    Start End - 08/01/2016

    1) $3500 down payment + $925 acquisition fee + $589 1st payment = $5014 due at signing.
    2) A 36 month lease with a 30K mile total mileage allowance
    3) Possibly... but, this offer doesn't include taxes, DMV fees or dealer add-ons.

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

    Edmunds Moderator

  • teck2u2teck2u2 Posts: 33
    thank you very Much!
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