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2013 and earlier BMW X5 Lease Questions
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can someoone tell me if i have any more wiggle room??
Plesae view lease option below: The eco credit is factored into the deal already.
This car has the following packages and options, Cold weather, Premiun packages, running board, BMW Apps.
MSRP: $62,545
Discount price: $54,700
Money Factor: .00185
Residual: .59
Term: 36 months
Monthly Payment: $569
Due at Signing: $7,360 break down is $3500 down plus inception, taxes and DMV
Car_man
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X5 Diesel
Premium, Sport Activity, cold weather, multi-contour seats, 3rd row, running boards, BMW apps
MSRP: $67,195
Price: $62,800 (before credits)
Credits: $7000
Net: $55800
With base rates for a 3 year, 12k lease (we are in a state with no sales tax), ignoring any acquisition or other fees, I calculate a monthly payment of $643. Is my assumption correct that residual is based on original MSRP? Or should I take 58% of the post-credit MSRP? Dealer quoted $730 on this deal so something does not seem right.
Dealer offer price after eco and loyalty credit $ 52,000
Residual on 36 months/10k year 59%
Price $600 a month with $3500 for taxes, first month's payment and all other fees except DMV
What you guys think??
can I negotiate more?
view lease option below:
This car has the following packages and options, Cold weather, Convenience packages, Sat radio (1yr), BMW Apps.
MSRP: $60,945
Discount price: $57,791
Cap Reduction: $3,000
Money Factor: .00190
Residual: .62
Term: 36 months
Monthly Payment: $733.47
Due at Signing: $4712.07 ($750 sec depo is included in this number)
I have USAA ins and thought there was some kind of leverage there?? Anybody know? Would signing up as a BMWCCA member help? It looks like you have to have been a member for 12mos prior to gain anything here.
Thanks-
A little feed back would help.
Can you please provide June lease MF and Residual for a 2012 X5 35d for 36-month 12K/year. Also, MF & residual for 2013 X5 35d for 36-month 12K/year...BTW, is eco credit and loyalty credit available for the 2013 or just the 2012...Thanks.
I too live in MN and just test drove both the diesel and the Sport Activity last month. The diesel is a little rougher at idle but the torque is ridiculous. The sport activity even with the 20s is not nearly as bad as some individuals have written and that's coming from 3 years with a 5 series. From what the salesmen at Motorwerks and Minnetonka say, the diesels in this area sometimes need block heaters/trickle chargers as we can get pretty low on the temps but plenty of people have no problem. I just picked up my Sport Activity on Wednesday and it was the right decision. Smooth and Sexy = Sport Activity...until 2015 comes along and we all snag the new F15 model!
Any info would be greatly appreciated.
Thanks,
Thanks for the help all, fantastic resource.
I do not know why lot of people are talking about diesel. The diesel is a big scam for fools for the following reasons,
1- The $4500 rebate is a joke for individual who can not do the math, because the price of the car is inflated and this is a marketing ploy to make the car attractive to buyers, in realty if you add the same options the diesel is approximately $1000 less than gas after rebate. BMW could have them same price and let consumer judge for themself
2- Diesel is slower, sluggish and not as crisp and responsive as Gas.
0 to 60 gas is faster. The only place Diesel will do better if you tow uphill and if you plan to keep the car more than 300,000 miles. Diesel engines last longer.
3- The gas efficiency gained by diesel engine is mostly offset by the high price of diesel at the pump. if gas and diesel cost the same, Oil companies will sell less diesel because diesel cars have more efficient engines. So to maximize their profit and fear of cannibalization "The negative impact of a company's new product Diesel on the sales performance of its existing related products Gas" they have to raise the price of Diesel to offset the efficiency gains, otherwise Oil companies will sell less gallons of diesel and their profits will go down because of the introduction of clean diesel cars. We are always at the mercy of car and oil companies.
I challenge anyone on this forum to prove the above is wrong.
1. Your theory is based on an assertion that it costs the same for BMW to make a diesel engine X5 as it does to make a gas engine version. Not sure I buy that assertion.
2. Time will tell, but there are hints that residual values for diesels are higher than similar gas versions, thus valuations at resale may favor diesels over gas engines. This may be especially true if gas and diesel prices continue to rise over time.
Re 2.
1. The diesel is slower with less throttle response than the gas version. If those are the only two parameters from which you make a decision, the gas version would win. Going from a 2004 4.4 v8 to a 2012 diesel, the V8 was more responsive. However, after living with the 2012 diesel for about 2,000 miles, I can't say that I really miss the acceleration advantage so much that I would go back to a v8.
Re 3. I question a few of your assertions:
1. "The gas efficiency gained by diesel engine is mostly offset by the high price of diesel at the pump." State taxes on diesel are typically higher than those on gas in most states, but in some states, diesel is lower priced than premium gas. For BMWs you must compare diesel price with premium octane gas. Actually, diesel prices compare quite favorably with premium gas prices in Maryland.
2. Your economic theory about why gas companies need to keep diesel price high is pure speculation, with no basis in fact to support it. BMW makes the vehicles, not the oil companies, so where is the incentive for them to make fuel-thirsty gas cars...just to help out the oil companies? I would think that BMW would love to make cars with engines that make lots of power, and burn less fuel, such as diesels.
Those statements were made by someone who does not understand the market economics of diesel fuel or diesel engine production. The reality is different.
1) US refineries charge more for diesel in part to recoup the cost of re-tooling refineries to produce the low-sulfur diesel required by modern diesel engines. Ultra-low sulfur diesel also is more expensive to refine and is more easily refined from sweeter, expensive crude (i.e. lower-sulfur crude oil.) The requirement to supply low-sulfur "highway diesel" hit U.S refineries with vehicle model year 2007. Demand for diesel engines tends to be lower in the U.S. because modern diesel engines could not be brought to the U.S until low-sulfur fuel hit distribution channels. Demand has had less time to build. Ancient market perception about "noisy dirty diesels" among the uninformed also reduces demand. Lower volume, higher per-unit prices.
2) Gasoline and diesel are refined from the same barrel of oil. The ratio of gas to diesel and the quantity of diesel produced is determined by refinery design, but is roughly 19 gallons gas to 10 gallons diesel in the U.S. Diesel production cannot easily be changed dynamically to respond to market conditions, so supply is not dynamically manipulated by oil companies to raise prices (contrary to your theory.)
3) The price dynamics of diesel (like propane and other distillates) are partly seasonal. Diesel prices increase in the winter as commercial demand increases and cold weather reduces the efficiency of diesel engines. Diesel does tend to compete with home heating oil, which will increase diesel prices in winter as demand for home heating oil increasaes. Increased diesel demand against a steady or reduced diesel supply equals higher winter prices. Prices tend to decrease for the opposite reasons in the summer.
4) European refineries have been re-tooled over several years to increase the ratio of diesel to gasoline production to meet the historically higher demand for diesel in Europe. The ratio of gasoline to diesel vehicle sales in Europe is now roughly 50/50. (This is one of the reasons why Europe could ship surplus gasoline to the U.S. after hurricane Katrina damaged gulf-coast refineries.) Highway diesel vehicle sales in the U.S. are much lower and a relatively recent phenomenon, so US refineries are not tooled to produce high volumes of highway diesel.
5) BMW Diesel engine production is lower volume and the engines are more expensive to produce with the extra pollution controls. They also were more expensive to certify in all 50 states.
So contrary to the grand petroleum industry conspiracy posted here, the fact is that diesel prices are driven by far more complex market dynamics than just profit conspiracy.
Two of my eight X5s have been 3.5d models. The others were V8s of various outputs. I currently own a 2012 X5 5.0i, but the 2011 diesel was my favorite. Its performance off the line and the "feel" of the diesel torque are better than the last generation V8s. The only time when the diesel's limits are plainly evident is during highway driving above 80 mph, but it excels in normal driving ranges. It is not "sluggish" and there's nothing "uncrisp" about the acceleration. It's a little noisier, but they're getting better.
Compared to my 2012 5.0i (420 miles per tank), the 600+ miles per tank of highway driving in the diesel are missed. Sometimes diesel is more expensive than Premium gasoline, sometimes not. Looking at GasBuddy just now, the price difference is 3 - 4 cents per gallon in my area compared to premium. At some stations, the price is the same.
The $4,500 eco-credit is good marketing, but it tends not to fully offset the usually lower residual values on the X5 3.5d.
If the author of these theories were a true BMW enthusiast, he/she would have read all about this in Roundel and numerous articles by the BMW engineers who designed their diesel engines.
X35d
Prem package
Prem sound
3rd row seats
running boards
bmw apps
MSRP 64845
Discount price 57260
$1350 drive off
$787 / month incl tax
36 month lease, 15k/yr
56% residual, .00185MF
I own a 2000 BMW. I'm having a hard time figuring out whether I qualify for the "Loyalty" credit or not. Some dealers are saying yes, some are saying no.
Thank you!
I haven't seen the lease program for the 2013 X5 diesel yet. Perhaps it will come out in the new July program.
Car_man
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Car_man
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Please also provide July MF and residual for 36/months 12K for 2013 X5 35i (base). Also, do you know of any rebates on the 2013's? Thanks.
As of the June programs, BMW was not offering any cash incentives on the 2013 models.
Car_man
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The numbers for an otherwise identical 36-month lease are .00145 and 54%.
I don't think that the 2013 X5 diesel is available yet.
There is a $4,500 credit on the 2012 model.
Car_man
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Want to thank everyone for these boards which prove to be a critical resource in negotiating a fair price on a car, especially Car_man for all the information and perspective he provides.
I recently purchased an X5 35d from a northern NJ dealer. Terms were:
36 months 12k/yr miles
MSRP - 63,895
Final Purchase Price after all credits/rebates/dealer maneuvering - $52,800
Dealer also paid $1k to cover the last two payments of my existing 3 series lease
58% residual and .00185. I put down 7x MSD of $4200 to bring the MF to .00136. I already had $3500 in MSDs from my previous lease, so I just paid the delta of $700.
Monthly payment = $599/month inclusive of tax and no down payment
My total upfront was:
$725 for BMW FS
$300 DMV
$599 first month payment
$300 doc fee/dealer profit fee
$215 NJ luxury car tax (Thanks Gov. Christie for this gift)
$700 MSD delta described above (bringing my MSD balance to $4200)
Total outlay $2840
I had spent time looking at various dealers in the area and most refused to go this low. The dealer that had the most diesels remaining in stock (most only had 2-3 left, but one had 12) was perhaps the worst to deal with. With the dealer I purchased from, I did the entire deal over the phone, got the terms e-mailed to me in writing and went to the dealer that day to check the vehicle and do the paperwork.
This was all completed on July 6th. The last week with the car has exceeded my expectations. It drives like a BMW, has incredible torque, get's better gas mileage than my 3 series, comes with more options than I would ever need, and cost me less than what many people pay for an X3. The sound at idle and low speeds is not bad and anyone bothered by it shouldn't buy the car. I personally couldn't care less about it and find it to be negligible.
To make matters even better, my neighborhood Exxon gas station which always offered the cheapest prices, actually sells diesel gas for less than the price of plus and 30 cents less than premium. My biggest fear about getting the diesel was completely quelled knowing that the place I fill up more than 80% of the time would lead to reduced cost of gas for a big family truck that gets better mileage than my 3 series.
Seeing the July numbers make me feel even better about my purchase as the adjustments to residual and MF lead to almost a zero change in the financial aspects of the lease.
Love the car, loved the dealer experience I had, love the mileage I'm getting on this car, and love all the bells and whistles that make my wife happy. Happy to be a loyal BMW customer.
Can you share the dealer name? Also, can you specify total rebate amount factored into your deal? Thanks.
Any feedback on this deal?
Thanks
This was the last diesel 2012 the dealer had in inventory, so it's pointless to give you the name.
They applied some $500 rebate from BMW that I had no idea what it was, however, it required that I have super elite credit from all 3 agencies (740+).
The salesperson respected my comprehensive understanding of the figures and this helped him cut through the gimmicks and focused on just whether we can come to terms. This is about finding the right salesperson as too many are focused on 'winning' instead of selling. I also believe that finding the more successful and experienced salesperson is the best way to navigate. I never spoke with a sales manager or anyone other than my sales person because he was clearly experienced, well established at the dealer with his management, and well aware of his boundaries. You typically don't get this with the younger ppl who don't have the kind of experience and credibility to structure a deal that benefits everyone.
Even some of the 'older' salespeople are inexperienced, so asking how long they've been at the dealer is a good way to figure out how much room they have to run.
Car_man
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Car_man
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Thanks. The dealer had document that showed the MF was .00180. I saw it. Now he is trying to mark it up to .0020. I argued the point but he showed me the .00180 that said started on July 10. Do you think the Texas region is different? Can they mark it up more than .0004?
Thanks
Regarding MF, could you please explain the following:
bmwusa.com offer (straight from their website) for a 2012 X5 35d lease for 569/mo for 36 months and 4500 Eco Credit has the following data in fine print:
Term - 36 mo
Monthly payment - 569/mo
MSRP - 57595
Residual - 32829 (57%)
Eco Credit - 4500 off MSRP
Down Payment - 2500
Tax not included
Due at signing: 3794 comprised of:
- 569 first month
- 2500 down payment
- 725 Acq fee
So given this information, I assess the following:
Agreed upon price = 57595 - 4500 = 53095 (Eco Credit)
Net Cap Cost = 53095 - 2500 = 50595 (deduct down payment paid)
Depreciation = 50595 - 32829 = 17766
Depreciation fee = 17766 / 36 = 493.5
Finance fee therefore should be = 569 - 493.5 = 75.5
Which in turn provides the following MF:
MF = 75.5 / (50595 + 32829) = 0.000905 (or 2.17% apr)
Why then is BMW July rate 0.00145 when they are offering this MF on their website?
And I understand this does not include tax, but BMW is currently offering a tax incentive in Texas, so this would stay accurate with that.
Someone please explain if I am missing something.
2012 BMW x5 35d, Sports Activity Pkg, Premium Pkg, Tech Pkg, Premium Sound Pkg, 20" Rims, Running Boards with BMW apps for $57,836. MSRP 68,895.
Was able to apply the $4,500 ECO credit, $1,000 USAA credit and a $750 BMW loyalty rebate.
Lease payments came to $687.91 per month inclusive of tax and inclusive of BMWFS Bank Fee of $925. I should have negotiated the bank fee down to $725 but since the dealer included window tinting and wheel locks a $200 value, I didn't mind.
Lease is for 36 months and 12K miles/yr, with a residual of 56%. I'm putting down 7x MSD of $4,900 to reduce MF to .00096.
My sales guy stated that they were breaking even on the sale and that the finance guy processing the deal would generate zero profit... I'm not sure that's totally accurate.
My total upfront came out to $1,977.12. I may get that reduced by $500 with a BMW Ultimate Drive App voucher, where all I have to do is test drive the vehicle before signing the lease agreement.
Any feedback on this deal?
Thanks
On the price of the car, I think you could probably do a bit better. I figure invoice for a car with that much crap in it would be about $5600 below MSRP, so combined with your $6,250 in savings.....should be able to scrap out close to another $750. Even then, the dealer is still making money on you given the inflated bank fee.
Last question I have is why your drive off fees are so high considering the $925 is rolled into the lease? If first payment is $690, where is the other $1300 coming from?
msrp $63,845
sell $54,930
mf .00145
36 mths
resid $35,753
12000 miles/yr
loyalty rebate 750
test drive program rebate 1000
pymt about 670 mth and less than a 1000 down +reg nys
Are there any additional incentives to take a 2012 vs a 2013 x5 for a 36 month lease 15k per year. I currently have an x5 that is coming due in 40 days. Can't decide what to do . Has 50K on it, and is certified bc it had 9K on it when I leased. Certification is until Novmeber 2014.
Residual/buy out is $28,300. Not sure if I should buy it or just lease another? What do you think? Looks like the car is worth more than my buyout. Could I use this in negotiating a new lease? Alos, looks like the car will be redone for 2014, which will debut in the Spring of 2013.
Thanks.
2013 BMW X5 35 Premium
Convenience pkg
Cold Weather pkg
running boards
MSRP $60745
$2234 due at signing
$748/month
I am getting 2013 X5 5.0 msrp 72,000$ with most options u can think off
for $2000 down
and $829 TAX included
MSRP: 62145
Invoice: 57794
Eco credit:4500
Loyalty: 750
Drive for Team USA: 1000
I just graduated from a grad program. Can I ask them to tag on the 1000 available for that. I know BMW is offering that. The cap cost comes down to $50544. How can I approach this. It would be great to land such a deal. Thanks. I need to decide on it by 2moro. Much appreciate it. Anyone on the forum can weigh in on this. Thanks.
Multiple
Security
Deposits
BMW Financial Services allows lessees to make additional security deposits on their vehicles, with each additional deposit lowering the money factor that is used to calculate their payment by .00007.
Car_man
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I wouldn't be surprised in the least if your current X5 was worth more than its purchase option price. Used vehicle values in general are very strong right now (though this may change in the year + ahead if you ask me).
Car_man
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I would be happy to evaluate this deal for you, but it would be much easier for me to do so if you were able to provide me with its selling price first. This will show us how large a dealer discount you are being given. Thanks.
Car_man
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Btw, I am in the NYC area.
Can you share the MF and residual, and millage
Where is the dealer?
I'm in Oregon and I'm planning to lease my first BMW. It's my first lease and is hard to know if I'm getting a good deal.
My terms are :
2013 X5 Premium with convenience package and BMW applications, 36 months, 15k
MRSP -$59,945
Retail price -$57,500
Trade in -$7500
Money factor-0.00185
Residual cost - 57% - $34,168.65
Capital cost - $51,073 (acquisition$725 and DMV fees-348)
Monthly-$646.41
Also I'm asked for a deposit of $1,000 at the time of the order placement...is this same with security deposit?
Overall is this a fair deal?
Thank you
I recently leased a 2012 X5d but have not picked up the car yet. Dealer quoted me $1,049 for 3-year/36K of wheel and tire coverage. I subsequently negotiated the cost down to $900 and I live in Boston where the roads are anything but optimal.
My question is, should I purchase this coverage? I know each tire is +/- $500 to replace and wheels are even more.
Thanks!
2012 X5 diesel
Premium Package
Cold Weather Package
Premium Sound
Running boards
MSRP: $63645
Invoice: $59100
Eco Credits: $4500
Drive for team USA: $1000
BMW Loyalty: $750
BMW Ultimate Drive App: $500 (taken as first month's payment)
Net Cap Cost: $52850
Money Factor: .00165
Payment: $645 (MA tax included)
Total due at signing: $1644 due at signing (includes only tax title registration
3 year 36K mile lease
Is this a good deal Car_man. Thank you for your input.