Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Did you get a great deal? Let us know in the Values & Prices Paid section!
Meet your fellow owners in our Owners Clubs

2013 and earlier BMW X5 Lease Questions

13468977

Comments

  • kyfdxkyfdx Everywhere, USAPosts: 127,973
    For the 3.0 model?

    3yr/45K lease.. 57% residual..
    money factor .0010

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

    Edmunds Moderator

  • Thanks...Yes 3.0i...lookoing at the following:

    2006 - 3 yr., 36000 mi lease

    Premium, Sport, Cold Weather, Navigation, Auto, $52.9k MSRP

    Dealer's first pass was $51.9k, 59% residual, .0014 money factor, $5k down (trade and/or cash)= ~$675 per month....I know I can do better with the money factor and base price...thoughts on this deal anyone?
  • kyfdxkyfdx Everywhere, USAPosts: 127,973
    $52,900 MSRP
    $50,900 Selling price ($2K off.. an average deal)
    $51,525 Cap cost (selling price + $625 acq.fee)
    3yr/36K lease
    Residual 59%
    Base money factor .0010
    Payment = $647/mo.plus tax.
    Due at signing: 1st payment, security deposit, license/title fees. ($1600-$1700)

    Never put $5K down on a lease... If you have trade equity, have them cut you a check for the balance..

    Hope this helps,
    kyfdx
    Host-Prices Paid Forums

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

    Edmunds Moderator

  • why is it better to get a check if you have trade equity. Wouldn't it reduce your cap cost?

    Also, regarding a security deposit, is paying a security deposit a trade off between a lower money factor (and thus lower monthly payments) and the risk that you'll never see the deposit again.
  • bodhi2bodhi2 Posts: 5
    I would like to lease a BMW X5 this year.
    I have a 1999 Volvo sedan that is fully paid for and would like to trade in and Lease a BMW X5.
    Any thoughts on how I should deal the trade in into the Lease values.

    Thanks for any info

    Bodhi24
  • kyfdxkyfdx Everywhere, USAPosts: 127,973
    Putting extra money into a cap cost reduction is money that is at risk.. If your car were to be stolen or totaled in an accident early in the lease term, your insurance company will pay off the lease balance, but in most cases you would receive nothing back.. So, if you make a $5K cap cost reduction and totaled the vehicle within the first six months, it would make your cost per month very, very high.. The only money you save by making an additional cap cost reduction is the finance charges on that portion.. This is usually only $1-$2 per thousand per month..

    As to the second question, I'm not sure what risk you are referring to.. regarding the security deposit.

    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 reply on the cap cost reduction. On the security deposit it seems as if some people believe putting one down will result in a greater likelihood of it being applied for "excess wear and tear" (i.e. somehow there'll be a reason for it not to be refunded - is that the reality in most cases or a cynical view - just curious)

    I was quoted the following 3.0 X5 3YR/36K miles
    Residual 59%
    money factor - .012 ($500 security deposit)
    or factor of .00135 (no security deposit)
    Assignment fee $895

    Do the factors seems reasonable?
    What is the assignment fee for - I was told that it was a BMW Finance charge that could not be waived - is that correct? Should I expect some fees to be charged no matter what to cover paperwork/termination or something else.
    Thanks in advance for any help/comments
  • kyfdxkyfdx Everywhere, USAPosts: 127,973
    The residual is non-negotiable.. it is set by the bank (BMWFS)..

    The base money factor is .0010.. w/security deposit.. The dealer is marking it up to .0012 for extra profit.. The maximum markup allowed by BMWFS is .0004, for a total of .0014..

    The acquisition fee (aka bank fee or assignment fee) is $625.. I believe that BMWFS only allows them to mark it up $200 to $825. It's true.. this fee cannot be waived, except for an addition to the money factor of .0003... It is much better to pay it, or roll it into the lease payment..

    There is a disposition fee at the end of lease.. but, that is waived, if you lease another BMW..

    I leased a BMW just a couple of months ago.. Other than the $625 acquisition fee and the security deposit, my other charges came to $114 total.. That covered title/registration/license plates..etc.. So, it is definitely possible to do a lease deal without getting soaked with extras..

    I've leased quite a few cars, and other than over-mileage charges, the largest "wear and tear" charges I've had is $70 for a cracked marker lens.. This included one car that had $9000 of body damage (repaired, naturally).. Every turn-in inspection I've had, has been more than fair.. I haven't seen any evidence that the security deposit has anything to do with it.. Most inspectors don't even know if you have one or not....

    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. A couple of more questions if I may

    1. GAP Insurance - the dealer tells me the BMWFS covers that automatically - is that true? or will I need to pay a separate amount for that when I pick up the leased car.

    2. Disposition fee - is that a standard amount or can the dealer mark that up? (I realize that it will be waived if I lease a new BMW again)

    3. Assignment fee - the dealer tells me that a sales tax is due on this fee. I'm in Massachusetts and while this may vary from state to state, I was curious on whether it is typically taxed by states etc.

    4. I signed a motor vehicle purchase contract detailing the terms of our agreement (i.e. trade in (I have positive equity) as well as monthly lease payments and amount due at signing of lease etc). I am curious if there are any other "tricks", last minute fees or other items that are brought up when the lease is signed that I should be aware of or prepared for so as to avoid any surprises - just curious.

    Thanks in advance for any advice.
  • kyfdxkyfdx Everywhere, USAPosts: 127,973
    1) Correct.. included by BMWFS

    2) $350.. the dealer isn't involved with this..

    3) $625 is base fee.. BMWFS allows the dealer to mark up by $200... Typically, this is taxed..

    4) If you have everything in writing, I would expect the deal to be exactly that.. If it isn't.. firmly insist on it.. Most BMW dealers don't play too many "last-minute" games.. They usually give you the bad news right up front.. ;)

    regards,
    kyfdx
    Host-Prices Paid Forums

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

    Edmunds Moderator

  • exp48exp48 Posts: 2
    GOOD... AVERAGE... POOR DEAL ?
    I'M CONSIDERING ASSUMING A LEASE ON A 2004 X5 4.8
    LESSOR PURCHASED 10/04
    3YR/36,000 MI, $.20 OVER
    PURCHASE PRICE $71,307.
    PAYOFF $60,458.
    RESIDUAL $37,791.
    20 MOS. LEFT @ $1241.93
    19,000 MI, NEW TIRES, EXCELLENT COND., MOST OPTIONS
    LESSOR WIIL PAY 2 MOS. & I P/U SECURITY DEPOSIT $1350.
    WILL THIS AUTO BE WORTH $37,791. IN 20 MOS?
  • kyfdxkyfdx Everywhere, USAPosts: 127,973
    Why not just buy the car for the payoff of $60,500?

    60 payments at 5% interest would only be $1142/mo..

    I'm assuming that if you are worried about it being worth the residual, that you intend to buy it, anyway?

    If you buy it, you won't have to worry about mileage restrictions... only 17K miles left for 20 months.

    regards,
    kyfdx
    Host-Prices Paid Forums

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

    Edmunds Moderator

  • exp48exp48 Posts: 2
    WHAT I AM ATTEMPTING TO ACCOMPLISH IS TO GET A $70K++ AUTO
    FOR NO MONEY DOWN... EVEN GET $$( LESSOR PAYING DOWN 3 PAYMENTS). WHAT I'M NOT SURE OF IS THE VALUE OF $37,791. IN 20 MOS... IS THERE A FORMULA TO DETERMINE ?
    GETTING A LOAN FOR $60K WOULD RUN ABOUT $1172. BUT REQUIRE $6500. DOWN.. PLUS IF YOU DIVIDE OUT THE BAL OF THE THE LEASE PAYMENTS $19870.(LESS THE PAY DOWN) PLUS THE RESIDUAIL OF $37791 COMES OUT TO LESS THAN $60K....AND
    I WOULDN'T BE UPSIDE DOWN IN 20 MOS IF I WANTED TO SELL,
    NOT TO MENTION LAYING OUT $6500. & BEING MORE INDEBITED...
    I DON'T RUN MORE THAN 7TO800 MI PER MO.
    DO'T KNOW IF YOU RECED THIS REPLY B4, DON'T MEAN TO PESTER.
    BOB
  • kyfdxkyfdx Everywhere, USAPosts: 127,973
    First... turn off the CAPS.. that is the message board equivalent of shouting, and makes it hard to read..

    Now.. let me adjust my bi-focals... ;)

    Okay... I see your point.. I don't know of any way to know for sure what the car will be worth in 20 months.. If you think you might want to ditch the car at that time, then by all means, assuming the lease has a lot less risk than buying the car...

    Not sure who quoted you the loan payment... but, you should be able to get an $1150 payment on a loan with no money down... It sounds like they might be quoting a 9% APR loan...

    This is still a lot of money.. even for a $70K MSRP vehicle.. You'll be making 17 payments net, after getting the security deposit back.. Even dividing that over 20 months is close to $1000/mo..

    So.. not the deal of the century.. But, if you want a nice ride for a short time at $1K/mo., you could do worse..

    regards,
    kyfdx
    Host-Prices Paid Forums

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

    Edmunds Moderator

  • h2fanh2fan Posts: 27
    Does anyone have the February residuals and money factors for X5 3.0 model?
  • kyfdxkyfdx Everywhere, USAPosts: 127,973
    Residual for 36mo/45K mile lease is 57%

    Base money factor is .0010

    regards,
    kyfdx
    Host-Prices Paid Forums

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

    Edmunds Moderator

  • my lease on G35 is due 6/06. I want a X5. Should wait for deals in the spring time and summer? I know there's a new X5 for 07'. So there should be good lease deals? right? I prefer a 4.4 instead of the 3.0, what should I look for a month. I'm seeing 24 months leases now. Assuming nothing down but 1st month and MV fees, Bank fee and 15k. Thanks for your input!
  • Does anyone have the February details for a 4.4i X5? Probably doing 10k miles for 36 months. Thanks.
  • I am considering a lease on a 2006 X5 3.0. Historically I purchase them so leasing is new to me. Following are the details:

    06 X5 3.0, black sapphire,cold, premium, rear climate, auto, heated steering, rear airbags, self dimming, xenon.
    MSRP (including dest) 50,905
    Now the deal:
    24 mos, 15k miles per year (upgraded from 10k), money factor .0015, residual 72%,i believe cap cost is msrp (if that makes sense).

    I am told that this is a deal the dealership is subsidizing with BMWFS and that nobody can touch it. They want $2500 down (TTL), no sec deposit, and payments of $550.00 per month.

    I would greatly appreciate any help you can provide. Also I am in no hurry. My guess is that SAV/SUV sales will continue to be soft resulting in more incentives. Anybody heard anything?
  • Andrews11,

    Hello. May I ask what dealer (what state do you live) gave you those lease rates? I was recently quoted on a 36 mo. 12k mile per yr. lease a residual of 59%, money fact .00115 on a similar priced '06 X5. Does the $550 per mo. include tax?

    Just curious about the differences.

    Thanks!
  • European Motor Cars in Des Moines, Iowa. It is my understanding that the $2500.00 does include tax.
  • Hi everyone. BMW is scheduled to publish its new March lease program late today. I should have an opportunity to take a look over within the next couple of days. I would appreciate it if those of you who still have questions about leasing one post a note for me in this discussion later on this week. I'll be happy to answer any questions that you have on the new program then. Thanks.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • savvym3savvym3 Posts: 10
    Hi Car_man,
    I am currently shopping around for lease deals on a 3.0 X5. I've heard from one dealer that the money factor is staying the same at .001, but I'm not certain. Any news on the new BMW programs for March? I'm interested in either a 36 or 24 month lease with 12K/yr. I'm also curious if 3% over invoice is a negotiable purchase price for this vehicle, or should I be able to get closer to dealer invoice? My best deal found in Feb was a little more than 3% over the invoice, ~49K. Thanks.
  • Hi savvym3. The dealer that you spoke with was correct. BMW Financial Services' buy rate lease money factor for the '06 X5 is still .00100 in March. Three percent over dealer invoice sounds like a reasonable price for this truck to me, but I am not personally all that familiar with what the market is like for the X5 in your area right now. You may be able to get a better idea of how much you should pay by visiting the following discussion: "BMW X5: Prices Paid & Buying Experience".

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • bu96bu96 Posts: 19
    I am in a bad leasing situation. My BMW530 lease expires at the end of next month. I have decided I want an X5 but I would really prefer getting the newly designed version as I think the features/design on the current one are dated.

    The problem is BMW won't extend my lease unless I have a purchase order for the X5. I have been told the new ones won't be ready until September. My dealership told me that the best they could do is offer $2200 off invoice when they come out. I am looking at a highly loaded 3.0i. My salesman told me that their profit for this is car is typically $3800 and they usually don't discount when new models roll out.

    Is this a really bad offer to take? I am really new to leasing so I am not sure how much of risk I am setting myself up for getting a really bad deal. I can afford whatever the end payment so that isn't my concern, just not getting completely taken.

    Thanks so much in advance for any help.

    Anne
  • gr8nrggr8nrg Posts: 17
    Just had a detailed quote on 2006 X5 sent to me. The lease is for 36 months 12k/year miles on 3.0i BASE silver metallic with no other options (as requested)

    PRICE WITH AUTOMATIC TRANSMISSION: 44,470
    SELLING PRICE: 42,150
    MONEY FACTOR: 1.15
    RESIDUAL FACTOR: 59%
    MONEY DOWN: 0
    MONTHLY PAYMENT: 520.66 + tax = $563
    License: 343
    Bank Fee: 625
    Documentation fee: 45
    Security Deposit: 0
    First Payment: 563

    #1. What is the bank fee and documentation fee and why do I have to pay them?

    #2. Why is money factor 1.15 and not 1.1. Are they trying to rip me off and if so, how do I tell them to drop it to 1.1?

    #3.Is this a good, decent or average deal?
  • chchoichchoi Posts: 40
    I have a 05 X5 3.0 lease. My term is 36 months. I still have 24 more months. Balance on BMWFS is 45000. Trade in to dealer is only 39000. What is the best solution to end my lease?
  • toasttoast Posts: 50
    Try Leasetrader.com their business is dealing with situations like yours. I have checked out their listings and have found quite a few good deals for potential buyers. You can also give potential buyers an incentive to take the lease off your hands by offering $1,000 or $2,000 which would reduce someone's payment by $40 to $80 a month.

    What are your payments and were are you located? I may be interested.
  • gr8nrggr8nrg Posts: 17
    Could anyone please comment on my lease quote 3 messages above and answer my questions please? Thank you.
  • bemerfanbemerfan Posts: 1
    I currently lease a 04 4.4 and i love this SAV it is far better than any of the others offerings nn the market it feels great and easy to own during the warranty period. I owned the last one a 01 3.0 great as well but after warranty goes it can be a bit costly to own. But noting feels better I have a MB SL and I actually like my X5 better. Good luck great lease and great SAV...
This discussion has been closed.