2013 and earlier BMW X5 Lease Questions

jiholl5333

Hi, just leased X5 3.0 from JMK BMW in Union, NJ...List $49,220...lease 36 months, zero down, 15,000 miles per yr. $612.00/month with little negotiating...int he end they found car with about $1,300 more options in color I wanted and gave it to me at no further cost. Seems like good deal.

koberry

Little help please... just bought a 2-yr old 5-series for my wife and the dealer's aggressively trying to get me to lease a 2006 X5. Thanks to CARMAN's help, I leased a Lexus RX330 last December, so am not really in market, but this deal looks pretty great if I'm not upside down on my RX330. Here it is:

2006 X5 3.0 + Automatic + Prem Pkg + Cold Weather + Headlamps + Self-dim mirrors + Rear climate

at INVOICE

36 mo lease, 10k mi/yr
.00155 MF (.0014 if security deposit)
63% residual
(residual on 24 mo is 74%)

Are the above mf/residual correct? Is there any dealer cash or other incentives that would lead them to offer me a deal at INVOICE with no negotiation? Has the .00100 MF from November expired?

Thanks in advance,

Ken

bdr127

63% residual (residual on 24 mo is 74%)

Are the above mf/residual correct? Is there any dealer cash or other incentives that would lead them to offer me a deal at INVOICE with no negotiation?

The 36mo/10k residual is 60%, and the 24mo/10k residual is a very strong 72%.

There are no incentives. You will have a hard time getting even close to invoice on a BMW. Check out the "Prices Paid" forums or check the TMV price here on Edmunds for your particular model to see what people are paying for the vehicle. From what I have read, I would suspect the best you could possibly do would be $1000 over invoice....

koberry

Thanks, but I'm telling you they offered me a deal at invoice :-P

Would appreciate anything kyfdx or Car_man have to say about this, because something's obviously up...

Best,

Ken

bdr127

Thanks, but I'm telling you they offered me a deal at invoice

Eeeehhh?!?!... Hmm, I've never heard of a BMW dealer selling a new model at invoice. Wacky...

otto91

I AM FROM RHODE ISLAND.I AM LOOKING AT A 49,370 3.0 X5. i WAS TOLD THE LEASE WAS $3500 TOTAL OUT OF POCKET AND 588.00 INCLUDING 7% SALES TAX 15,000 M ILES PER YEAR. i WAS TOLD THEY HAVE THE SAME PAYMENT FOR 24 MONTHS PLEASE GIVE ME YOUR INPUT PLEASE.

otto91

I AM FROM RHODE ISLAND I AM LOOKING AT A 2006 BMW X5 3.0 WANT TO LEASE 15,000 MILES PER YEAR THE VEHICLE IS LIST OF 49,370. A LEASE OF $588 WITH $3500 OUT OF POCKET.THEY ARE DISCOUNTING $3000. PLEASE GIVE ME SOME ADVICE. THANKS.

cmcfarling

The local dealer has a service model (had been used as a dealer loaner) that they're getting ready to sell. It's an '05 3.0i with:
cold weather pkg
premium pkg
rear climate pkg
A/T
heated steering whl

It has about 16500mi on it and has 3/33500 left on the orig maintenance plan and warranty. Also, it is classified as a CPO and has the additional 2/50000 maintenance plan that goes along with that. The pre-negotiated price that he gave me is $45300.

So a couple questions...
Would BMW lease a car in this situation, i.e. it has only been used by the dealership. I briefly inquired about that and the rep said that they normally wouldn't do that, but if I pushed the issue, is it unheard of to lease a car like this?

There is no sport pkg on this one. I remember reading a review that said the sport pkg was a huge plus for the X5s. Is it better to focus on an X5 with sport pkg or are the non-sport pkg X5s pleasing enough?

As far as the price, any ideas how low this one could go? I've read on here that 05 models had some dealer cash incentives. Would this one qualify under that deal still? Also, I did a quick search on BMW's website for CPO models. A dealership 100mi away has a couple that appear very similar (mileage, options, year) that are listed at $40995. Should this one be closser to that number or should it be even lower?

Thanks for the feedback

[email protected]

No problem chester01. Enjoy your new truck!

Car_man
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[email protected]

Hi bmw07039. I would be happy to give you my opinion on this deal, however it would be a big help if you would provide me with this truck's full MSRP.

Car_man
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amst

I'm interested in an X5, 3.0.
What are the 24 month and 36 month residuals for 10K and 12K miles/yr.? What is the money factor? I have a current lease expiring in March...any opinion as to whether or not the residuals will get better or worse in the next few months?

Thanks.

David

kyfdx

24 mo/10k mi – Residual Value 72% – .0010 Money Factor
24 mo/12K mi.-- 71% .0010
36 mo/10k mi – 60% – .0010
36 mo/12K mi. -- 59%.. .0010

Residuals tend to go down over the year, though sometimes there are other incentives to make up for it... Pretty solid numbers right now...

regards,
kyfdx
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[email protected]

Hi monster198. According to my calculations, if you were to lease a 2006 BMW X5 3.0 with an MSRP of $45,820 and a selling price of $42,500 through BMW Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $500. This is pretty close to the payment that you were quoted, if the $1,700 that you mentioned is for things like your first month's payment, lease acquisition fee, etc. If it is a capitalized cost reduction, the payment that you were quoted is too high.

Car_man
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[email protected]

Greetings nilt. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

BMW's current 24 month lease program on the 2006 X5 3.0 is very attractive. Keep in mind though that manufacturers' advertised lease payments usually leave a little meat on the bone so to speak. If you are in an area with a decent level of competition, I would not be surprised if you were able to negotiate a lower selling price for the truck that you want than the one that was used to calculate BMW's current advertised lease payment. The lower a vehicle's selling price is, the lower its monthly payment will be. BMW Financial Services' current 2 year, 10,000 miles per buy rate lease money factor and residual value for the 2006 X5 3.0 are .00100 and 72%, respectively.

Car_man
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[email protected]

Hello Ken. The dealer that you spoke with is trying to make up for the fact that they are selling you this truck at invoice without the help of any dealer cash by marking up its money factor quite a bit. The .00100 factor is still good for this model in December.

Car_man
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[email protected]

Hi otto91. Is the $49,370 that you mentioned this truck's MSRP or selling price? Either way, I really need to know both numbers in order to give you an accurate assessment of this deal. Let me know and I will tell you what I think. For now I can tell you that you really should not be paying so much at lease signing. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your X5 would be exactly the same, regardless of whether you had put a couple thousand dollars down, or had made absolutely no down payment at all.

Car_man
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[email protected]

Ahhh, I see that you provided the additional information that I just asked for in your next post, otto91. A $3,000 discount on this truck is not bad. You are probably being asked to pay less than $1,000 over invoice for it. Let's estimate what its lease payment should be using BMW Financial Services' base lease program and see what we come up with. According to my calculations, if you were to lease a 2006 BMW X5 3.0 with an MSRP of $49,370 and a selling price of $46,370 through BMW FS right now for months with 15,000 miles per year, your zero down pre-tax monthly payment should be around $594. You are being asked to put way too much down. Let's say that $2,000 of the $3,500 that you are being asked for is a cap cost reduction. A $2,000 cap cost reduction would drop the monthly payment for an otherwise identical lease to around $508. I suspect that the dealer that you are working with is marking up BMW Financial Services buy rate lease money factor of .00100 to add additional hidden back end profit to your deal. This is completely legal, but can often be avoided by confronting dealers with the buy rate.

Car_man
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[email protected]

Hi cmcfarling. Dealer loaner cars usually qualify for manufacturers new car lease programs when dealers go to sell them because they have never been titled. However, if this truck is technically a CPO vehicle, it probably does not qualify for the new vehicle lease program. BMW does lease CPO vehicles, but I doubt that its used vehicle lease program for the X5 is as attractive as its current new vehicle lease program.

For feedback on this model's Sport package, try stopping by the following discussion: "BMW X5".

BMW was providing dealer cash on this truck a few months ago, but it is not doing so any longer. There would have to be a huge difference between the price of this truck and the price I could get a brand new one for for me to consider going with a service loaner.

Car_man
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e90m3

How is this for a lease payment?
$569
X5 3.0 MSRP $50,905 Predicated $47,850 plus $2500 for the Tax,title,license, doc. fee and first payment.
36mo./12k
MF .00115
Value @ lease end $30,543
Thanks ahead Car man

breeves

loaded 2006 stratus grey x5 4.4 cold weather package, premium package, rear climate, ssport package, servotronic, adjustable ride height, 19 inch wheels, nav asytem, premium sound
msrp 64395
Cap cost 61825
Bank Fee 825
Adjusted Cap 62650
lease factor .0014
residual value 37993
12000 miles per year
36 month lease
total monthly payment 890
deposit 900
Where do you think I have room to negotiate?
Thanks

tpjcourtney

On my lease I got a bank fee of 625, lease factor of .0010 and deposit of 700. I believe those are the buy rates or lowest BMWFS will allow.

ncooper

I am looking for a 2006 x5 w/cold weather package, premium package, rear climate, nav asytem, premium sound in the MD/VA/DC area. Do salespeople in this area negogiate often? Everywhere I go it seems as they don't. The car I want has a sticker of $52,920 but I want to lease it for $49,200. Am I unreasonable?

socaltiger1

I'm looking to purchase a 2006 X5 with prem, sport, xenon, dimming mirrors, automatic, rear climate for $48,565 with MSRP of $52,120. Do you think that the 24 month lease is more attractive than the 36 for 12K miles? Also, everyone in Southern California is charging $825 for bank fees and willing to give me .00115 without deposit and 0.001 with deposit. Does it make more sense to put up the deposit?

amst

I was not able to make my purchase, because I'm a BMWCCA member for 1 year as of Feb 1st. So, I have ordered my X5 this month (to lock in these great residuals), but will have it delivered in Feb.

Right now, the salesman has an extra bonus if they sell you an X5 this month. They will receive a "spin". Here is the way the "spin" works. The salesman logs into a BMW website and enters the VIN for the vehicle that they've delivered to you this month. When they submit this VIN, they are awarded a random amount of cash directly from BMW. This award ranges from $250 up to over $1000.

Keep this information in mind if you're attempting to do a deal by the end of December.

By the way, for me, my car has an MSRP of $48770. I've negoiated it down to about $2830 off of sticker. My car has premium package, cold weather, heated steering wheel and auto transmission. Lease for 24 months, 10K miles/yr. $1420 due at signing, $580/month.

Good luck, everyone!

sks854

Does anyone know in what state chester bought this car. I am looking at similar vehicle and with 0 down and all taxes rolled in, can't get below $800 a month

eights38

Socialtiger:

MSRP: $52,120
Selling Price: $48,565

24 Months / 12k Miles per Year
Residual: 71%
Money Factor: .00100
Lease: $567.24 + applicable tax

36 Months / 12k Miles per Year
Residual: 59%
Money Factor: .00100
Lease: $574.15

The 24 month lease is marginally better than the 36 month lease.

I believe that the bank fee should be $625 and not $825.

Assuming a 24 month lease, if you increase the money factor by .00015 your payment would be $580.07 as opposed to $567.24 with a money factor of .00100 ($307.92 over the course of 24 months). It is up to you whether or not you pay the security deposit.

Hope this helps,
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c_lee_100

Hello Car_man or anyone,

The BMW dealer at Dallas told me that even though I am leasing a car, I still need to pay for the tax of the entire selling price. Fox example, if the car’s selling price is $45,000 and the interest rate is 6.25%, the tax I need to pay for is $45000 * 0.0625 = $2812.5. Is this true?

I appreciate your help.

kyfdx

Unfortunately, this is the case in Texas (and Illinois, also)..

regards,
kyfdx

chester01

Hi, In NJ if I remember correctly fully loaded around 64,400 3 year lease 10,000 miles $1800 down and $735 a month. Have had it for 2 months and not a single problem not even a rattle

mfinnerty003

Does anyone have the January residuals and money factors?