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2013 and earlier BMW X5 Lease Questions



  • rob34rob34 Posts: 58
    Just found out the following. Here is the quote from the sales guy.

    It is .00200 my manager goofed. The payment is $837

    Big difference. Any thought on the deal I was offered now?
  • pmelanc1pmelanc1 Posts: 7
    I have seen a lot of numbers thrown around and I just want to confirm. Is the current MF on the X5 .0020 and is the customer loyalty reduction .0004 or .0008? Also is the residual on a 3 year/12k 55%?
    Thanks for the info.
  • caveatesqcaveatesq Posts: 6
    That's a terrible deal. There is a credit available to the dealer equal to the invoice price for the premium package or $2595. So you are basically paying $3595 over invoice. Given the state of the economy and gas prices, X5's are readily available for $1,000 or less over the invoice price less the premium package credit.
  • caveatesqcaveatesq Posts: 6
    Residual on the X5 3.0 for a 36 month, 12k lease is 55%. Base money factor through 7/31 is now .0020 and .00160 if you qualify for BMW owner loyalty program.
  • jamesgjamesg Posts: 19
    these numbers are correct. i just got one at those rates for ~600 over "invoice", including the $2500 credit.
  • rdxerrdxer Posts: 38
    I picked my X5 up last week. I got it for about $2K under invoice. Given the approx $2.5k dealer cash for X5s with the premium package, I'd rethink any deal that doesn't go way below invoice.
  • rob34rob34 Posts: 58
    Did you lease? What are your payments?
  • lamark72lamark72 Posts: 7
    I just noticed that the BMW USA has a new lease program from 7/10-7/31. Does anyone know what are the MF and residual for the 609/mo lease?
  • rdxerrdxer Posts: 38
    Yes, I did lease.

    MSRP $54,860
    "Sell price" $48,150 (about $2K below invoice)
    Cap Cost Reduction $3,000
    Total out of pocket $4500
    MF .0024 (yes, this was before the current MF drop)
    Res 56%
    36 months/10K mi per year
    $658 month

    Cap cost includes ($300 dealer fees, $825 BMWFS acquisition fees, and state sales tax which we pay all upfront). As a first time BMW lessee I had to pay a security deposit.
  • jamesgjamesg Posts: 19
    Mf is .0016 for returning customers
    residuals are 55% for 12k miles/yr, 53% for 15k miles
  • rob34rob34 Posts: 58
    I've had 2 dealers tell me .00160 is buy rate. Dealers mark it it to .00200

    Is the .002 negotiable or not?
  • rob34rob34 Posts: 58
    including tax?
  • rdxerrdxer Posts: 38
    yes, that included 3% sales tax (paid on the purchase price of the car).
  • bizziebizzie Posts: 22
    I have an offer for a 2008 X5, 4.8si, 36000 miles or 36 months.

    Options: Premium, Tech, Sports, Rear Climate, Cold weather, Third row, ipod, Sirius, running board (MSRP 67520).

    Total out of pocket (including taxes): 4100
    Monthly payment: 754.50

    Regardless of the price, Money factor or residual, Is this a good deal?
    Thank you.
  • rob34rob34 Posts: 58
    Sounds good to me. What city? Did you work hard for this offer or was this an initial offer?
  • bizziebizzie Posts: 22
    It was in westchester NY.
    I had to work it a little by getting 5-6 quotes.
    I didnt discuss money factor or cap cost or delar incentives with them, just the monthly payment.
  • Long time reader, first time poster here... I've been reading a lot and learning as much as I can about leasing a BMW. I'm a current owner and have always purchased up till now but somehow my head is telling me that now is a good time to lease an SUV/SAV. With that in mind, I'd appreciate any comments/advise on the deal I have worked with my CA....its not a done deal yet but whats below is the latest I have. Therefore I'll start off with a question on the August MF.

    Is the August MF on the 3.0 X 5 with a a 36 mth lease still .002? If thats the case, then call the police, I think I'm getting robbed! Consider the following quote from my CA

    08 X5 36 mth term with 15 K Miles/year
    MSRP of $57,270 (included prem pack)
    Sale Price Agreed $51,290 (he's not forthcoming with the factory to dealer premium pack rebate, do you think this is included here?)
    Residual 53% ( this looks correct)
    Money Factor .00215 (WTF?, I initially though this would be .0016 with the owner loyalty disco, but then he re quoted with .00215 after I told him I'm an owner but not a current BMW FS customer)
    Zero Down and no trade in ( no cap cost reduction to keep things simple! I'll negotiate that with him later)
    Monthy Payment of $758/mth Plus 9% PA lease sales tax bringing the total monthly to $827/mth.

    Some thing tells me this isn't right and that i can do much better.....your thoughts and comments/advise are appreciated.
    Mister Mayor
  • suv800suv800 Posts: 41
    Hi, Mr. Mayor
    I am having the same situation here, I know how you feel. I am driving a 2006 X5 4.4 fully loaded is almost up. Still 2 more months to go. I've been paying $710 per month includes nyc 8.375% sales tax. That was 3 years ago, the money factor was 0.00075 51% residual 15k per year.
    Alway remember, try not to put a lot of money up front.
    Only pay the 1st month and bank fee if they have to charge for. There was no bank fee when I picked up my x5 4.4 3 years ago. but they do now. Never understood ?

    Here's the details for August 2008

    2008 BMW X5 3.0 or 4.8
    15K/ Year, 36Month Lease, The money factor is 0.00135, Residual Value for 15k is 55% NOT 53%. It sounds strange, but this is true.

    Even the sales quote you a $758 includes sales tax, I think this is still too much.

    I am not going to pay more than $710 per month not even with x5 3.0

    I am hoping to see a 0.00075 money factor in September.

    Good luck to you Mr. Mayor

    SUV Man
  • "The money factor is 0.00135, Residual Value for 15k is 55% NOT 53%. It sounds strange, but this is true. "

    This may be the case for you as a current BMWFS customer....given to you because you have an existing lease. I'm not getting that rate because I'm not a current BMWFS customer but even so, I should get the .002 MF! But the .00215 I'm being quoted is too hight I think, perhaps the dealer is marking this up in anticipation of having to lower the sale price to closer or below invoice?
    On the residual for August I thought it was set at 53 for the 3.0. Perhaps Car man can clarify the MF and residual for August?
    I'm going to be patient...and wait till the current offers expire....and see what they come up with for September...would be great if the MF dropped to .00075 but that is unlikely.
  • kyfdxkyfdx Posts: 94,638
    As a new customer, if you opt for the security deposit waiver, they raise the money factor by .00015.. So, .0020 would become .00215..

    Sounds like the case here... though your dealer should have pointed that out..


    Prices Paid, Lease Questions, SUVs

  • yeah the dealer didn't mention that....and I never opted to waive the security deposit..seems like they are padding their wallets over the term of the lease..Isnt it true though that you can negotiate a better MF? and failing that, you can reduce it by applying multiple security deposits? (MSD's) but it still blows..that said, money factor aside, how do you rate the deal? Its an 08 sitting on his lot! Thanks
  • Has anyone been quoted a X5 4.8 with Sport Package + 20" Y Spoke wheels + Cold Weather + Navigation + iPod Adapter + Running Boards (MSRP of about 64K)for under $800/mo? I got quoted over the phone $843/mo but that is without any negotiating.
  • I have not...but your details are sketchy...are u leasing or buying? what part of the country? what are the terms/lease/mf/residual/DP etc?
  • I was interested in Leasing for 36months 15K miles a year. The quote came from Westchester BMW in White Plains NY. You pose a good question about the MF/Down payment and Residual. I was quoted over the phone and failed to take that info down.
  • My advice....gets the msrp, sale price, residual and mf, then you can make a more informed decision.
  • Hi mistermayor. Dealers are not allowed to charge consumers a lower money factor on leases than the buy rates that banks publish. Having said this, dealers are usually allowed to mark up banks' buy rates to add additional, hidden profit to deals. BMW dealers are notorious for doing this.

    BMW Financial Services' current buy rate lease money factor for the X5 3.0 is .00200 with the payment of a security deposit at lease signing. If you opt to have your truck's security deposit waived, it would raise this factor by .00015, unless you are a returning BMW FS lessee which makes you eligible for a free security deposit waiver. Loyal BMW FS customers are also being given a special .00040 money factor reduction on leases of the '08 X5 right now.

    You also can reduce your truck's money factor by making additional security deposits. BMW FS will reduce your vehicle's factor by .00007 for each additional deposit you make, up to a maximum of seven.

    Prices Paid: Buying & Leasing Experiences Forum
  • eaw801eaw801 Posts: 21
    I am interested in leasing a 2008 X5 4.8. Currently the offers are roughly: Put $7800.00 down on an X5 with a 3rd Row, Sirius, Navigation, Sport package, and heated front seats. Monthly payments would then be $741 per month. Or put $5000.00 down and pay 830.00. 36 months/10,000 miles. I finally quoted the TMV price but beyond getting the dealers below the MSRP, I am at a loss about how to proceed. In addition, does ANYONE in this forum have a favorite option? Is the third row so totally useless that I would be better off with a Tech package. I have parked for decades without one in NYC....I can plug in the MP3 the old fashioned way and this is a lease. ( I plan to buy in 3 years when the gas issues are a bit more settled.) Meanwhile I want the best driving machine I can get with enough money left over to support (and spoil) my cramped children. ADVISE is welcome!
  • eaw801eaw801 Posts: 21
    Hi, Much better than I am getting.
    What dealership did you use? I have been looking in NYC, Southampton, NY, Tenafly (no quote), and Bayside Queens. If I put down 5K and pay $ 816 per month, I wil have Sirius, heated front seats, Navigation, 3rd row, and Sports package....So far.
  • socal59socal59 Posts: 68
    Both you guys putting money down on a lease, if you scroll up the pages you'll soon find out that you should never put money down on a lease. If the vehicle is totaled or stolen you will loose your entire down payment. Plus the monthly payments you are getting are not much lower than putting zero down except for the first payment and assorted fees. I'm no expert in this but I do know that. I'm about to end my lease on my 2005 X5 as as I recall my first payment was like $1700 including deposit, last payment and a few fees. I had a 39 month lease 59% residual money factor was pretty low, 15K miles per year $532 month. Now I'll have to probably add at least $200 to that payment for equal car. I know residuals have gone down to 53% now. BMW doesn't want to eat it at the end of the lease like they will with mine.
  • Socal59 is correct...putting money down on a lease is probably not the best thing to do...for the reasons mentioned above. If your concern is reducing your monthly payment, then pay multiple security deposits to reduce the money factor (the interest rate u pay, see Car_man's earlier post) The advantages to doing this are 1) you lower your monthly payment and 2) you get your multiple security deposits back at the end of your lease! BTW, the current X5 .0020 MF and 53% residual, plus the option credit are sticking around for the month of September, so don't rush into leasing an '08 before sept 2'nd!
This discussion has been closed.