Car Buying Advice - Is this a good lease deal for 2017 X5?

tfcwifey

$73,220.00 MSRP
- 3,608.00 Dealer Discount
- 2,000.00 BMW Incentives (3/31/17)
$67,612.00 Sales price plus taxes and fees*

The money factor is the current BMW buy rate of .00140


57% residual
12,000 miles per year
36 months
$1,686.72 due at signing
$904.68 base monthly payment
$974.79 per month including taxes

55% residual
15,000 miles per year
36 months
$1,728.34 due at signing
$943.30 base monthly payment
1,016.41 per month including taxes


I feel like it can be a little better don't you?

kyfdx

tfcwifey said:

$73,220.00 MSRP
- 3,608.00 Dealer Discount
- 2,000.00 BMW Incentives (3/31/17)
$67,612.00 Sales price plus taxes and fees*

The money factor is the current BMW buy rate of .00140


57% residual
12,000 miles per year
36 months
$1,686.72 due at signing
$904.68 base monthly payment
$974.79 per month including taxes

55% residual
15,000 miles per year
36 months
$1,728.34 due at signing
$943.30 base monthly payment
1,016.41 per month including taxes


I feel like it can be a little better don't you?

I'd say you have another $1000-$1500 room on the sale price.

If I add the $925 acquisition fee to the sale price, I get $899/mo.+tax on the 12K/yr quote. That's pretty darn close. I assume the extra due at signing is for title/registration/dealer fees?

$1000 lower drops the payment by $31/mo, after tax

luckydog7

I'm considering a 2016 X5 that was used as a demo for 14 months. MSRP was $62620 and they are offering at $50k with 72 months at 0%. It has 10,000 miles on it. Still seems like a great deal but I'm worried I'm falling in love with the 0% financing. Any thoughts?

kyfdx

luckydog7 said:

I'm considering a 2016 X5 that was used as a demo for 14 months. MSRP was $62620 and they are offering at $50k with 72 months at 0%. It has 10,000 miles on it. Still seems like a great deal but I'm worried I'm falling in love with the 0% financing. Any thoughts?

Is it CPO, with the warranty extended?
Does it still include the maintenance plan?

If not, you might be giving up a lot later, to gain a little now.
That $695/mo. payment would be pretty sweet for the first three years, though. Not sure how you'll feel about it after 2020.

luckydog7

kyfdx said:

luckydog7 said:

I'm considering a 2016 X5 that was used as a demo for 14 months. MSRP was $62620 and they are offering at $50k with 72 months at 0%. It has 10,000 miles on it. Still seems like a great deal but I'm worried I'm falling in love with the 0% financing. Any thoughts?

Is it CPO, with the warranty extended?
Does it still include the maintenance plan?

If not, you might be giving up a lot later, to gain a little now.
That $695/mo. payment would be pretty sweet for the first three years, though. Not sure how you'll feel about it after 2020.

They are selling as a new car with maintenance plan. I agree the payment is whats drawing me in. Trying to figure out if what equity I'll have after 3 yrs in case I want to trade in.

kyfdx

luckydog7 said:

kyfdx said:

luckydog7 said:

I'm considering a 2016 X5 that was used as a demo for 14 months. MSRP was $62620 and they are offering at $50k with 72 months at 0%. It has 10,000 miles on it. Still seems like a great deal but I'm worried I'm falling in love with the 0% financing. Any thoughts?

Is it CPO, with the warranty extended?
Does it still include the maintenance plan?

If not, you might be giving up a lot later, to gain a little now.
That $695/mo. payment would be pretty sweet for the first three years, though. Not sure how you'll feel about it after 2020.

They are selling as a new car with maintenance plan. I agree the payment is whats drawing me in. Trying to figure out if what equity I'll have after 3 yrs in case I want to trade in.

The reason I asked about CPO is that the warranty and maintenance plan clock started ticking, 14 months ago. So, you've lost that time on the original warranty and maintenance plans. CPO would add time to the warranty, at least.

luckydog7

kyfdx said:

I'm considering a 2016 X5 that was used as a demo for 14 months. MSRP was $62620 and they are offering at $50k with 72 months at 0%. It has 10,000 miles on it. Still seems like a great deal but I'm worried I'm falling in love with the 0% financing. Any thoughts?

Is it CPO, with the warranty extended? Does it still include the maintenance plan? If not, you might be giving up a lot later, to gain a little now. That $695/mo. payment would be pretty sweet for the first three years, though. Not sure how you'll feel about it after 2020.

They are selling as a new car with maintenance plan. I agree the payment is whats drawing me in. Trying to figure out if what equity I'll have after 3 yrs in case I want to trade in.

The reason I asked about CPO is that the warranty and maintenance plan clock started ticking, 14 months ago. So, you've lost that time on the original warranty and maintenance plans. CPO would add time to the warranty, at least.

They are now offering for $49k and car is CPO Elite. Sounds like a sweet deal. Thoughts?

kyfdx

luckydog7 said:

kyfdx said:

luckydog7 said:

kyfdx said:

luckydog7 said:

I'm considering a 2016 X5 that was used as a demo for 14 months. MSRP was $62620 and they are offering at $50k with 72 months at 0%. It has 10,000 miles on it. Still seems like a great deal but I'm worried I'm falling in love with the 0% financing. Any thoughts?

Is it CPO, with the warranty extended?
Does it still include the maintenance plan?

If not, you might be giving up a lot later, to gain a little now.
That $695/mo. payment would be pretty sweet for the first three years, though. Not sure how you'll feel about it after 2020.

They are selling as a new car with maintenance plan. I agree the payment is whats drawing me in. Trying to figure out if what equity I'll have after 3 yrs in case I want to trade in.

The reason I asked about CPO is that the warranty and maintenance plan clock started ticking, 14 months ago. So, you've lost that time on the original warranty and maintenance plans. CPO would add time to the warranty, at least.

They are now offering for $49k and car is CPO Elite. Sounds like a sweet deal. Thoughts?

Seems like a good price.
The warranty is a good thing.