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2013 and earlier BMW X5 Lease Questions



  • kanchiskanchis Posts: 33
    Here's what you need to know. If the dealer is saying they are selling you the car for $500 over invoice then the eco credit needs to be applied to that price. Without taking into consideration taxes looking at the MSRP for that vehicle the invoice should be $58550. Lets say you give the dealer $1000 of profit, then your left off at $59550. You apply the eco credit of $4500 to that price, which brings your selling price to $55055. BMWFS 36k miles residual is 56% and MF of 0.00185. If you dont account for sales tax (since it varies by state/county) you should end up with a payment of $696/month.

    As for drive off fees I'd usually pay the first month lease + any dealer fees+ lease inception fees. It really boils down to personal preference. It will only make ur monthly payment go higher so its up to you.

    I suggest you walk away from this deal or make them agree to what I just suggested.
  • deenxdeenx Posts: 58
    I totally agree with this analysis. But...... there are 0, zero, nada, no dealers where I live in NJ who will do a deal at that level. They literally laugh you out of the dealership.
  • Went to Prestige BMW in Mahwah, NJ today and got the following offer. Would like to know if this is a good deal.

    2012 X5 xDrive 35d
    Space Gray Metallic
    Black Nevada Leather
    Dark Burl Walnut Wood Trim
    Sport Activity Package
    20" Light Alloy Y-spoke Wheels Style 214 with Performance Run-Flat Tires
    Navigation System
    Running Boards
    Destination & Handling
    MSRP $62,945
    Negotiated Price After Eco-Credit $53,625
    $2,000 Due at Signing
    Monthly price including taxes $745
  • Sorry, I forgot to add that it is a 36 month lease at 15k per year.
  • Ok, I have what I think is a great offer but want to confirm.

    2012 X5 35d
    Premium Package
    Sport Package
    20" Y-Spoke rims
    Running Boards
    Eco Credit $4,500
    Loyalty Credit $1,500
    MSRP $64,545
    36 months, 15,000 per year
    $2,000 due at signing
    Monthly payment including tax $680


    If I add multi contour seats (msrp $900), how much should my payment go up?
  • kyfdxkyfdx Posts: 111,252
    If I add multi contour seats (msrp $900), how much should my payment go up?

    About $10-$12/mo...

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

    Edmunds Moderator

  • abmwfanabmwfan Posts: 47
    For everyone who is planning to buy/lease a 2013 E70 X5, keep in mind that this is the last year of production before the 3rd generation X5 launches as a 2014 model next April/May. BMW always incentivizes the final production runs of a model before the next generation releases. So expect heavier lease and other incentives later this year, especially if combined with the annual end-of-year sales event (Nov 1 - January 3). It's something to think about if you have flexibility in the timing of your purchase.
  • yperryyperry Posts: 1
    Hi all,

    I'm about to lease next week BMW X5 Premium 2013, 30 months Lease, 15K M Per year including the following packages:

    Conv Package
    Cold Weather Package
    Premium Sound Package
    Technology Package
    Running Boards

    One lease payment: $28,065 (for 30 months)
    30 Payments: $908 each payment + $4,296 up front
    All above numbers including Taxes within NY

    Is it a good deal? If not what will be good deal for the above package?

    Your advise is much appreciated.
  • acetneracetner Posts: 14
    Just wondering if there is really a loyalty credit available for the 2013 X5. Some posts seem to mention it, most do not.

    I am about to lease an X5 and currently have a 535xi. Just wondering if there is a credit I should be takin advantage of.

  • abmwfanabmwfan Posts: 47
    edited June 2012
    BMW usually offers owner loyalty incentives through BMW finance from November 1st through January 3rd. Just be aware that it's not always beneficial to wait for the end of year sales event. BMW offers more incentives during that period, but they often decrease the residuals by a percent or two to offset the incentives.

    If you were a member of the BMW car club, you would be eligible to receive a $1,000 check for that new X5.
  • jasonmdbmwjasonmdbmw Posts: 117
    There is no loyalty credit on any 2013 X5's. It is available on 2012 X5 35d along with the ECO credit
  • mybimmer1mybimmer1 Posts: 1
    New to the board got this offer for a BMW X5
    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
  • Hi danno14. The money factor and residual value that you used are spot on. However, using the numbers that you mentioned, I come up with a zero down, pre-tax monthly payment of $709.

    Prices Paid: Buying & Leasing Experiences Forum
  • tneb13tneb13 Posts: 1
    Need help with a lease quote. Here is where we are at:

    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.
  • cwy1688cwy1688 Posts: 5
    2012 BMW X5d with Premium pkg and running boards MSRP $61395

    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??
  • abmwfanabmwfan Posts: 47
    Any phone quote can be negotiated lower in person when you go to the dealer and show that you're a serious buyer. Ask for the dealer invoice price, add $500 and then subtract all incentives from that number before adding tax, tags, etc. That's how you assess whether you're basing the lease on a fair starting price.
  • mhippmhipp Posts: 2
    New to the forum and have BMW X5 offer
    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.

  • mhippmhipp Posts: 2
    edited June 2012
    Usaa knocks 1k off msrp. The cash at signing and monthly include taxes. Oh and the miles are at 10k thus the .62
    A little feed back would help.
  • abmwfanabmwfan Posts: 47
    BMW CCA members get $1k rebate directly from BMW North America on a new X5. But only if you've been a member for the past year. They changed the rules years ago so that you can no longer sign up the day you buy the car and get the rebate.
  • nsadansada Posts: 17
    edited June 2012
    Dear Car_man,
    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.
  • 1buffdaddy1buffdaddy Posts: 12
    I live in Minnesota and have never owned a Diesel vehicle of any kind in my life. I have been holding out for a 2012 or 2013 X5 Sport Activity with the 20" wheels. There have not been any incredible deals for a looooong time. However, with the deals on the diesels right now, I can lease one up for the price I have been holding out for. If I add the sport package, I think everything is the same besides the engine. Can anyone talk me into or out of the diesel?
  • danno14danno14 Posts: 4
    Hey buff,
    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!
  • 1buffdaddy1buffdaddy Posts: 12
    Thanks for the info danno14, did you end up leasing or buying? Can I ask what deal you were able to negotiate? The Sport Activity is what I really want, but it is going to be hard to ignore the $7,000 worth of rebates I can save on the 2012 diesel at the moment. I am also 2nd guessing the 20" wheels because I do not want to be swapping out tires or getting a 2nd set of rims for winter driving.
    Any info would be greatly appreciated.
  • Looking for the latest (July) money factor and residual percentage for the 2012 diesel X5 for a 36 month lease with 15k miles/yr.

    Thanks for the help all, fantastic resource.
  • ab10000ab10000 Posts: 127
    edited June 2012
    Hi 1buffdaddy

    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.
  • jrhhunterjrhhunter Posts: 8
    edited June 2012
    Re 1.

    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.
  • abmwfanabmwfan Posts: 47
    edited June 2012
    The following statement is patently wrong. "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."

    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.
  • rlmvrlmv Posts: 1
    Would appreciate some advice on whether this is a good deal or not.

    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!
  • Here you go nsada. Through July 9th, BMW Financial Services' buy rate lease money factor and residual value for a 36-month lease of a 2012 X5 35d with 12,000 miles per year are .00185 and 58%, respectively for consumers who qualify for its top credit tiers.

    I haven't seen the lease program for the 2013 X5 diesel yet. Perhaps it will come out in the new July program.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi lonsterman. Please see my previous post for the information that you are looking for. BMW FS' 15,000 mile per year residual values are 2% lower than its 12,000 mile per year residuals.

    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.