Car Buying Advice - Is this a good lease deal on a BMW X5 35d?

rrscourious

Is this is good deal for a BMW lease?

2017 X5 xDrvie35d
MSRP - $77,620
Adjusted Cap Cost - $72,685
MF - .00146
Residual 57%
36/12K

If not, what is a good deal?

Thank you!

Michaell

rrscourious said:

Is this is good deal for a BMW lease?

2017 X5 xDrvie35d
MSRP - $77,620
Adjusted Cap Cost - $72,685
MF - .00146
Residual 57%
36/12K

If not, what is a good deal?

Thank you!

A little over 6% off sticker; there may be a few more hundred you could negotiate off the price.

Were you quoted a payment?

Those are the correct MF and residual numbers.

mgneem13

Hello,
I live in San Jose, CA and just signed a 2017 sDrive35 36mth 10k miles/yr lease and was hoping to get feedback on the deal details below please!  Appreciate any feedback on how good (or average) this deal was:

Mileage:  11 miles
MSRP:  $65,645 
Residual:  58%
lease end value:  $38,074
Initial cap cost:  $58,584
customer cash down:  $3750
rebate:  $3000
Cash cap reduction:  $2023
DMV Amt:  $461
MF:  .00151
Total adds to cap:  $925
Adjusted Cap Cost:  $54,485
Base Monthly Rental:  $595.65
Tax Rate/amount:  9% / $53.61 per month
Total Monthly Payment:  $649.29
Total initial fees:  $116
Total upfront fees:  $502
Total Sales Tax:  $2389.27
Amount Due at start:  $3750
2nd payment date:  9/25/17
Total working cash:  $3750

Basically I left the dealer today with $3750 payment which included initial first months payment of $649.29.  I have 35 payments left.  

The GM said they were losing money on this deal and mentioned invoice for them was ~$61,000 and the client advisor mentioned this was a smoking deal.  
 
My gut says that I did really well however I still think the dealer was profitable on this deal?  

This forum was very helpful in negotiating my deal.  Thanks everyone!  

Michaell

mgneem13 said:

Hello,
I live in San Jose, CA and just signed a 2017 sDrive35 36mth 10k miles/yr lease and was hoping to get feedback on the deal details below please!  Appreciate any feedback on how good (or average) this deal was:

Mileage:  11 miles
MSRP:  $65,645 
Residual:  58%
lease end value:  $38,074
Initial cap cost:  $58,584
customer cash down:  $3750
rebate:  $3000
Cash cap reduction:  $2023
DMV Amt:  $461
MF:  .00151
Total adds to cap:  $925
Adjusted Cap Cost:  $54,485
Base Monthly Rental:  $595.65
Tax Rate/amount:  9% / $53.61 per month
Total Monthly Payment:  $649.29
Total initial fees:  $116
Total upfront fees:  $502
Total Sales Tax:  $2389.27
Amount Due at start:  $3750
2nd payment date:  9/25/17
Total working cash:  $3750

Basically I left the dealer today with $3750 payment which included initial first months payment of $649.29.  I have 35 payments left.  

The GM said they were losing money on this deal and mentioned invoice for them was ~$61,000 and the client advisor mentioned this was a smoking deal.  
 
My gut says that I did really well however I still think the dealer was profitable on this deal?  

This forum was very helpful in negotiating my deal.  Thanks everyone!  

First, don't worry whether the dealer made money on your deal or not - they wouldn't have agreed unless they were making money somewhere.

Second, I agree with the math on the deal.

Third, we aren't big fans of cap reductions on leases - it masks the true cost of the lease, and that money is at risk if the car is stolen or totaled.

Congrats on the new deal, and enjoy your new BMW!