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2013 and earlier BMW X5 Lease Questions

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Comments

  • Thanks Car_man. With the information on this site, I was able to negotiate what I consider to be a "good deal" with a NJ BMW dealership. They are one of the larger BMW dealers nationwide and typically try to beat the other area dealers on price since they do volume. Nevertheless, they would clearly have "taken me" had I not used the information available here, i.e. money factor, residual and insight into the typical discounts being offered off MSRP. At the end of the day, however, everyone must remember that it comes down to supply and demand - and they're not going to give them away if they don't have to... In that regard, I would bet that prices will continue to edge lower since gas prices don't seem to be headed lower anytime soon and there are signs the economy is cooling.
  • With a full MSRP of $48,470, on a 2006 3.0 X5, including options (automatic, premium pkg, and rear climate) and destination charge included, what would be a good target price? You state that I should be able to get buy rate lease money factor of .00100 if I pay security deposit...can I not get that waived if I'm currently a BMW FS loan customer currently? Thanks for your help!
  • suv800suv800 Posts: 41
    Hello, I got a deal for $760.00 a month. and they dont want to go any lower. so I took it, and I will have it in 2 weeks from BMW USA.
    Here's the info.
    15K per year, 36month lease BMW F/S at 0.0010 mf, msrp at $59895.00
    Navigation + Cold Weather Pkg + CD Changer + Premium Pkg + Heated Steering Wheel.
    Remember, tax is included. I only pay the first month and MV fee which is only like $125.00
    The dealer uses the selling price at $56750.00 to calculate the leasing number.
    I dont know if it's a good deal to you, but I think is okay with me.
    By the way, I'm in New York City, sales tax is 8.375%.
    Good luck,
  • That seems like a good deal to me. I come to $780 using your numbers, but I'm not sure how NY does their sales tax on leases. Over $3k off MSRP is more than I was hoping to get, so I guess I'll have to reevaluate. Thanks for the info.
  • i've been shopping around for an suv and we've, narrowed it down to the an X5 3.0 and ML350... the wife really loved the ML350, she's away on vacation and i'd love to surprise her when she gets back and have the car in the drive way...here are the numbers i've gotten so far on both X5 and ML...

    (BMW dealer left out the msrp and selling price of the car )
    '06 X5 3.0
    $1,700 drive off
    $650.00 a month inc tax 36months 12k per year.
    options; Navigation, premium package, rear climate package, xenons, cold weather, auto trans

    ML350
    MSRP. $45K
    Neg price $43K

    39 months/ 12K
    $600 tax included
    $1,500 drive off.

    what do you guys think ?
    thanks in advance
  • kyfdxkyfdx Everywhere, USAPosts: 127,877
    Thanks...!!

    kyfdx,
    Host-Prices Paid Forums

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

    Edmunds Moderator

  • kyfdxkyfdx Everywhere, USAPosts: 127,877
    If you need money factors or residuals.... Just ask right here..

    Car_man has all of the good information!! :)

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

    Edmunds Moderator

  • limey5limey5 Posts: 5
    Hey SUV800, that looks like a great deal - I am looking for an identical config and I can't find better than like $880, do you mind sharing the name of the dealer?
  • limey5limey5 Posts: 5
    hey car_man - I'm getting quoted 0.0014 mf for an '06 X5 - is the dealer obliged to offer the 0.001 or is it up to them?

    Also what do you think I should be looking at getting off MSRP for an 59895 vehicle 36 mths 10k miles.
    thanks!
  • suv800suv800 Posts: 41
    Here's the info.
    Life Quality BMW in Brooklyn, NY 11209. Ask the salesman speaks Chinese.
    (I tried to post the website and tel number, this forum wont let me do it.)

    15K per year, 36month lease BMW F/S at 0.0010 mf, msrp at $59895.00
    Navigation + Cold Weather Pkg + CD Changer + Premium Pkg + Heated Steering Wheel.
    Remember, tax is included. I only pay the first month and MV fee which is only like $125.00
    The dealer uses the selling price at $56750.00 to calculate the leasing number.
    I dont know if it's a good deal to you, but I think is okay with me.
    By the way, I'm in New York City, sales tax is 8.375%.
    Good luck,
  • Here is the deal I asked for. MSRP $50520, Sale price 48520, mf .001, res 57% 15k/yr, lease acq 625, trade-in allowance 500 (2004 MDX-Touring-Nav-Ent, 29500-owe 29000), tax 6.5%, 1st-sec upfront, pmt 670/mo.

    Their offer, 48720, mf .001, lease acq 725, trade-in 400, all other the same and came to 702 pmt. It doesn't seem that far off until you put in the numbers and come up with 685 pmt instead of the 702 they quoted, so they were adding approx. 700 of other charges as well. :mad: :confuse:

    All this and the MDX retails at over 35k according to NADA. They want 6-8k out of the deal, that just seems absurd to me.
  • Does anyone know if that special money factor applies to the 4.8 as well? If so, what are the residuals like on the 4.8? (36 months).
  • You're very welcome thetaxman. Congratulations on your new truck!

    Car_man
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  • Hey bmwshopper1. BMW Financial Services probably will waive its security deposit requirement without an increase in money factor for returning lessees. OK, let's say that you were to get a $1,000 discount on a 2006 BMW X5 3.0 that has a full MSRP $48,470. According to my calculations, if you were to lease this truck through BMW FS right now for for 36 months with 10,000 miles per year, its zero down, pre-tax monthly payment should be around $588. If you are able to negotiate a larger discount than this, your truck's lease payment will be lower. You may want to stop by the following discussion to see how much other community members have paid for similar trucks lately: "BMW X5: Prices Paid & Buying Experience".

    Car_man
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  • Hello limey5. Dealers are not obligated to lease consumers new vehicles using banks' buy rate lease money factors. BMW dealers are notorious for marking-up vehicles' base money factors to add additional back-end profit to deals. Take the fact that you know what this truck's buy rate is to negotiations and see if you can get the dealer that you are working with to use it to calculate your lease payment. If not, you can always shop around to see if you can get a better deal elsewhere.

    Car_man
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    Smart Shopper / Prices Paid Forums
  • Hi doug_999. BMW is only providing lease support on 2006 X5 3.0 and 4.4 models right now. Unfortunately, that means if you were to lease a 4.8 you would have to use its standard lease program. Its buy rate standard lease money factor is currently .00280. BMW FS' 36 month, 15,000 miles per year residual value for a lease of an '06 X5 4.8 is currently 57%.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Can someone tell me if this is in the ballpark or to high.

    BMW X5 list price $50,420. Cap cost $49,220 residual 57%. Money factor is .00115 waving the security dep, .00100 if you pay sec.
    Payment is 717 including tax with 1558 due at signing. 36 months 15k

    Dont you think the cap cost could come down more? Let me know your thought
  • bdr127bdr127 Posts: 950
    You're getting the base money factor of .001.... really good there.
  • kyfdxkyfdx Everywhere, USAPosts: 127,877
    What is included in your "due at signing"?

    Is it the payment plus the acquisition fee?

    If it is, then getting the base numbers is good, but $1200 isn't a big discount.. I'm not sure what the new X5s are going for... You could ask here:

    BMW X5: Prices Paid & Buying Experience

    regards,
    kyfdx
    Host-Prices Paid Forums

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

    Edmunds Moderator

  • Anyone know what the going rates are on remaining 2005 X5's? I'm being quoted .0029 mf and 56% residual.
  • kyfdxkyfdx Everywhere, USAPosts: 127,877
    56% is the correct residual for 3yr/36K lease on the 3.0 model..

    The base money factor is .0025.. so, they are marking it up..

    You do know about the dealer cash incentives, right?

    regards,
    kyfdx
    Host-Prices Paid Forums

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

    Edmunds Moderator

  • hey car man....how did you get that number...i would like to try to get my payments around 575...is this possible?
  • Hi all, I am new to this buying\leasing a car thing. I went to the BMW dealer here yesterday just to check things out. The salesman was offering me the x5 3.0, msrp around 48,000, basically just the x5 with no prem. pkg, but with a sunroof. The lease was going to be for 36 months, 10 k/yr, 2200 DOD and payments of 618. I dont know anything about these numbers that are discussed on here such as residual and money factor. Can someone help to educate me on how to get a better deal?? Thanks in advance!!
  • I have to ask where you got that deal $600Mo w/ tax? It sounds very good.
  • rezultzrezultz Posts: 12
    Hi Car_Man. I see that the money factor for the X5 4.4i is the same for both 24 month and 36 month lease (0.0010). I got an offer to lease the 4.4 with Nav + Cold Weather Pkg + CD Changer + Premium Pkg + Heated Steering Wheel for $750, 12k miles/year, zero down. MSRP of $60k, dealer price of $56, 500.

    I'm wondering how much more it would be to assume a 24 month lease instead of the 36. (the new x5 will be coming out and would want the newer body sooner than later) Any ideas how much my lease would be for 24 months? Thanks!
  • kyfdxkyfdx Everywhere, USAPosts: 127,877
    The 24 month residual is only 4% higher than the 36 month residual... (61% vs. 57%).. So, even though the money factor is the same, your payment would be nearly 30% higher to lease for just two years..

    regards,
    kyfdx
    Host-Prices Paid Forums

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

    Edmunds Moderator

  • I made a deal to lease an X5 (in NY tax rate 8.625%), I think it is a fair deal. But when I figure out the payment I come out with diffrent payment then the dealer by $7 please take a look here are the details
    X5 3.0i 36 months , 10000 miles , 60% res , MF .001
    premium,sport,cold,auto,xenon,rear climate
    MSRP $ 52670
    purchase price $ 49425 (1200 over invoice)
    ZERO down, no deposit
    Due on signing First month $ 632.44, acq fee $625, acq fee tax $53.91,tire fee $12.50, Inspection fee $10, doc fee $45 total due about $ 1378.85

    Here is my issue I come up with a lease payment with tax of $625.80 and the dealer is coming up with a lease payment of $632.44. I have gone over it mant times am I missing something, which # is right please help

    Thanks
  • kyfdxkyfdx Everywhere, USAPosts: 127,877
    Well.. I can see where you got your number, and it is more or less correct.. I see a couple of things.... but nothing explains it exactly..

    1) Unless you are returning BMWFS lessee, you usually get a bump in the money factor by not making a security deposit.. This would raise the factor to .00115... However, that would add about $12/mo. to the payment, not $7/mo.

    2) I think they calculate the tax a little differently in NY, than you have.. You've multiplied the payment by the tax rate, then added that on to the monthly payment... In NY, all of the tax is due upfront.. So, they multiply the payment by the term, then multiply by the tax rate, and add it to the CAP Cost.. However, this would only raise the payment by about $2/mo., not $7/mo...

    I'm pretty sure the difference is in the amount of tax, and even I may not be calculating it correctly...

    Ask your dealer for the CAP cost... and a breakdown of it... How much is selling price, how much is tax... and if there is anything else... I calculated $1788.82 as the sales tax, but maybe there is something I'm missing.. or it is calculated even differently than I've described.. Even with the difference in sales tax calculation, there is about $200 extra in there somewhere...

    regards,
    kyfdx
    Host-Prices Paid Forums

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

    Edmunds Moderator

  • Kyfdx thanks for the help so far. When I asked the manager he said it was the way tax is calculated in NY but he gave me no details. Where can we find out how the tax in NY on a lease is calculated? I figured the same as you that there is an extra $200 somewhere, I looked over the deal sheet and can not find it. I will send you the cap cost info later so you can take another look.
  • Your right the tax is done diff in NY, so I ran the #'s and came up with a payment of $627.59 with tax but still not $632.44 the dealer is showing. So there is a missing $175 somewhere
This discussion has been closed.