2018 BMW X1 Lease Deals and Prices

Michaell

jkim_0130 said:

Hello! Can you tell me the MF, residual and incentives on a 2018 BMW X1 xDrive28i SAV for 36/10 for zip code 75204?

I'm currently looking at one with MSRP of $47,840. It is a loaner with 4338 miles on it. We negotiated the price to $42,760.47 so far. Then we qualify for a $2000 rebate (based off of BMW loyalty, lease offers, I don't know)...

I was told the residual was 59% and MF was 0.00186. The monthly payment comes out to $600 even.

Is this a good deal so far? Or should I be negotiating more in a certain area? The MF seems higher than what I've seen on this forum (0.00166) but I'm not sure when to stop negotiating because it's a good deal.

.00166 and 59%, less $1084 for the miles; MF is marked up slightly, to take back some of that discount
$500 lease cash

You want to target 12-15% off MSRP; you're under 11%, at the moment.

And, push for the base MF

How much is due at signing?

The other thing to keep in mind is that TX taxes the entire selling price, which makes leasing more expensive than in other states.

jkim_0130

Hi Michaell, thank you for replying so quickly. Fees include:

Documentation fee $150
Inspection fee $7
License fee $145
Title fee $35
Dealers inventory tax $81.76 (at 0.1912%)
Sales tax $2,672.53 (at 6.25%)

First payment, security deposit, tax on down payment, license, title, and documentation due at signing.

As I'm reading further and further down the rabbit hole of this thread, I feel more and more like this isn't a good deal (yet). Also, thank you for moderating this - it is *so* helpful. I wish I had found it sooner!

kyfdx

jkim_0130 said:

Hi Michaell, thank you for replying so quickly. Fees include:

Documentation fee $150
Inspection fee $7
License fee $145
Title fee $35
Dealers inventory tax $81.76 (at 0.1912%)
Sales tax $2,672.53 (at 6.25%)

First payment, security deposit, tax on down payment, license, title, and documentation due at signing.

As I'm reading further and further down the rabbit hole of this thread, I feel more and more like this isn't a good deal (yet). Also, thank you for moderating this - it is *so* helpful. I wish I had found it sooner!

Security deposit? Haven't seen one of those on a BMW lease in a long time.
Tax on down payment? Why would Texas tax the down payment, when they already tax the full selling price of the vehicle? Weird.

If I add sales tax and the $925 acquisition fee to your price, then subtract the rebate, I get $594/mo. Close enough.

Take another $1000 of the price, and use the base money factor, and I'm down to $550/mo.
Considering TX sales tax, that would be a fair deal. (and, that's with the sales tax and the acquisition fee in the payment)

If you make a deal, get the exact amount due at signing, and a breakdown.

Coveted

About to ink this deal tomorrow, looking for some affirmation:

BMW X1 loaner w/ 4,700 miles in New Jersey

(the below numbers are rounded)

MSRP: $47,000
Discounted: $8,100
Sales Price: $38,900
Fees/Tax: $2,700
Total Cap: $41,600
Cash Down: $1,600
Rebates: $3,500
Net Cap: $36,500
36 Months: $399
Mileage: 12,000
Rate: 0.00176
Residual: $26,200

I’ve done my research and canvased a lot of dealers. I’ve been hard pressed to find a better deal unless I leave the state. I may have left a little on the table, but this dealer is in my town and has the best ratings/customer service in the vicinity.

Michaell

Coveted said:

About to ink this deal tomorrow, looking for some affirmation:

BMW X1 loaner w/ 4,700 miles in New Jersey

(the below numbers are rounded)

MSRP: $47,000
Discounted: $8,100
Sales Price: $38,900
Fees/Tax: $2,700
Total Cap: $41,600
Cash Down: $1,600
Rebates: $3,500
Net Cap: $36,500
36 Months: $399
Mileage: 12,000
Rate: 0.00176
Residual: $26,200

I’ve done my research and canvased a lot of dealers. I’ve been hard pressed to find a better deal unless I leave the state. I may have left a little on the table, but this dealer is in my town and has the best ratings/customer service in the vicinity.

I'd say that is a good deal, relative to MSRP.

kyfdx

Coveted said:

About to ink this deal tomorrow, looking for some affirmation:

BMW X1 loaner w/ 4,700 miles in New Jersey

(the below numbers are rounded)

MSRP: $47,000
Discounted: $8,100
Sales Price: $38,900
Fees/Tax: $2,700
Total Cap: $41,600
Cash Down: $1,600
Rebates: $3,500
Net Cap: $36,500
36 Months: $399
Mileage: 12,000
Rate: 0.00176
Residual: $26,200

I’ve done my research and canvased a lot of dealers. I’ve been hard pressed to find a better deal unless I leave the state. I may have left a little on the table, but this dealer is in my town and has the best ratings/customer service in the vicinity.

What amount due at signing?

d_train2013

Hi--I have a chance to upgrade my X1 lease contract I recently signed from 10K to 12K. An earlier dealership that I had visited before making a deal with the current dealer had told me there would be a $10/month increase from 10k to 12k for the X1. Will that hold true with all dealers for this car? Thank you.

d_train2013

Meaning 10k vs 12k per year (30K vs 36K overall)

Michaell

d_train2013 said:

Hi--I have a chance to upgrade my X1 lease contract I recently signed from 10K to 12K. An earlier dealership that I had visited before making a deal with the current dealer had told me there would be a $10/month increase from 10k to 12k for the X1. Will that hold true with all dealers for this car? Thank you.

d_train2013 said:

Meaning 10k vs 12k per year (30K vs 36K overall)

The difference between 10K and 12K per year is 1% of the MSRP. If the MSRP is $36K, then 1% of that is $360, or $10/mo.

I've never heard of switching mileage allowances after the paperwork has been filed. Do you have anything you can link to?

JoseLuis

Hello,

What would be the best possible lease monthly payment on a 2018 BMW X1 in Miami, FL with "no money down" meaning, just the first monthly payment and tag/title due at signing for a 36 month, 10,000 miles per year option?

MSRP: $33,900

Also interested in money factor and residual % numbers.

I greatly appreciate your input!

Thank you.

Michaell

Jose Luis said:

Hello,

What would be the best possible lease monthly payment on a 2018 BMW X1 in Miami, FL with "no money down" meaning, just the first monthly payment and tag/title due at signing for a 36 month, 10,000 miles per year option?

MSRP: $33,900

Also interested in money factor and residual % numbers.

I greatly appreciate your input!

Thank you.

Would need to know the selling price or adjusted CAP cost to give you a payment.

.00166 and 59%
$1000 lease credit

JoseLuis

Michaell said:

Hello,

What would be the best possible lease monthly payment on a 2018 BMW X1 in Miami, FL with "no money down" meaning, just the first monthly payment and tag/title due at signing for a 36 month, 10,000 miles per year option?

MSRP: $33,900

Also interested in money factor and residual % numbers.

I greatly appreciate your input!

Thank you.

Would need to know the selling price or adjusted CAP cost to give you a payment. .00166 and 59% $1000 lease credit

Hello,

Let's assume the selling price is $33,900

Thank you!

Michaell

Jose Luis said:

Michaell said:

Jose Luis said:

Hello,

What would be the best possible lease monthly payment on a 2018 BMW X1 in Miami, FL with "no money down" meaning, just the first monthly payment and tag/title due at signing for a 36 month, 10,000 miles per year option?

MSRP: $33,900

Also interested in money factor and residual % numbers.

I greatly appreciate your input!

Thank you.

Would need to know the selling price or adjusted CAP cost to give you a payment.

.00166 and 59%
$1000 lease credit

Hello,

Let's assume the selling price is $33,900

Thank you!

$476/mo plus tax. Assumes all fees and such are paid up front.

JoseLuis

Michaell said:

Michaell said:

Hello,

What would be the best possible lease monthly payment on a 2018 BMW X1 in Miami, FL with "no money down" meaning, just the first monthly payment and tag/title due at signing for a 36 month, 10,000 miles per year option?

MSRP: $33,900

Also interested in money factor and residual % numbers.

I greatly appreciate your input!

Thank you.

Would need to know the selling price or adjusted CAP cost to give you a payment. .00166 and 59% $1000 lease credit

Hello,

Let's assume the selling price is $33,900

Thank you!

$476/mo plus tax. Assumes all fees and such are paid up front.

Thank you.

How much in fees do you think we would need to pay up front to be at $476 + tax?

Also, what would be the scenario to stay under $400 per month with taxes included?

Please let me know.

I appreciate your help!

Michaell

Jose Luis said:

Michaell said:

Jose Luis said:

Michaell said:

Jose Luis said:

Hello,

What would be the best possible lease monthly payment on a 2018 BMW X1 in Miami, FL with "no money down" meaning, just the first monthly payment and tag/title due at signing for a 36 month, 10,000 miles per year option?

MSRP: $33,900

Also interested in money factor and residual % numbers.

I greatly appreciate your input!

Thank you.

Would need to know the selling price or adjusted CAP cost to give you a payment.

.00166 and 59%
$1000 lease credit

Hello,

Let's assume the selling price is $33,900

Thank you!

$476/mo plus tax. Assumes all fees and such are paid up front.

Thank you.

How much in fees do you think we would need to pay up front to be at $476 + tax?

Also, what would be the scenario to stay under $400 per month with taxes included?

Please let me know.

I appreciate your help!

$925 acquisition fee
there will be a dealer fee - in Florida, this can be anywhere from $500 to $1000
Registration costs

You can put money down to lower the payment, but we don't recommend that - it doesn't change the total cost of the lease, and the up front money would be lost if the car is stolen or totaled.

If you want a lower payment, find a car more friendly to your budget.

_kbma_1

Hi Michael - I'm lining up an X1 Special Edition. Current deal has the structure at MSRP 42395, Saleprice at $35780 (already reflects $1500 loyalty) Money factor is quoted at .00166 with a residual of 59% at 36 mo./10K. Initial monies due are claimed to be $2068, but will need to see what this reflects - It sounds about right, between first mo. pymt, destination and RMV fees. payment = $399/mo, ($425 w/ taxes). Trying to squeeze another $500 off with a Costco Auto code.

This is in 02455; would zip 01776 make a difference, or is all MA the same?

Thank you!

Michaell

_kbma_1 said:

Hi Michael - I'm lining up an X1 Special Edition. Current deal has the structure at MSRP 42395, Saleprice at $35780 (already reflects $1500 loyalty) Money factor is quoted at .00166 with a residual of 59% at 36 mo./10K. Initial monies due are claimed to be $2068, but will need to see what this reflects - It sounds about right, between first mo. pymt, destination and RMV fees. payment = $399/mo, ($425 w/ taxes). Trying to squeeze another $500 off with a Costco Auto code.

This is in 02455; would zip 01776 make a difference, or is all MA the same?

Thank you!

All of the NE is the same region.

I confirm 59% and .00166

Destination is part of the MSRP; dealers who break it out are being disingenuous. Did you mean the acquisition fee?


With the prices given, I get a payment of $400/mo; right in the ballpark with the dealer quote.

_kbma_1

Thank you so much Michael. I did mean acquisition, so no dis-ingenuousness on their part. They 'accepted' the Costco code with some mild protest and it shaved another $10 off the payment, so i'm now at $390/mo. While clearly not the full $500 ($140 seems to have gone missing?) they are throwing in all-weather mats & an upgraded maintenance package, so I'm not complaining.

I've been chasing dealers for months, so your confirmation tells me I found the right guy - did most of the deal by email, AND their numbers line up! I'll sleep better as a result.

I know others have said this, but you truly do provide a great service here Michael; thank you very much! Peace of mind after months of haggling can't have a price put on it.

JasonJ

How about a deal for a 2018 BMW X1 loaner with 3700 miles?

MSRP: $41995
Sale price: $36995
Tax: $2227
Rebate:$4000

Total: $35,859.
APR: 0.9%
$512 for 72 months


Thanks!

Michaell

_kbma_1 said:

Thank you so much Michael. I did mean acquisition, so no dis-ingenuousness on their part. They 'accepted' the Costco code with some mild protest and it shaved another $10 off the payment, so i'm now at $390/mo. While clearly not the full $500 ($140 seems to have gone missing?) they are throwing in all-weather mats & an upgraded maintenance package, so I'm not complaining.

I've been chasing dealers for months, so your confirmation tells me I found the right guy - did most of the deal by email, AND their numbers line up! I'll sleep better as a result.

I know others have said this, but you truly do provide a great service here Michael; thank you very much! Peace of mind after months of haggling can't have a price put on it.

Awesome - congrats on the new BMW.

Michaell

JasonJ said:

How about a deal for a 2018 BMW X1 loaner with 3700 miles?

MSRP: $41995
Sale price: $36995
Tax: $2227
Rebate:$4000

Total: $35,859.
APR: 0.9%
$512 for 72 months


Thanks!

I think you can get another $1000 off the sale price.

robenku

Could I please get the incentives and MF for 97214? Both on lease and purchase, if possible. Thanks much!

Michaell

robenku said:

Could I please get the incentives and MF for 97214? Both on lease and purchase, if possible. Thanks much!

What lease term and how many miles per year?

robenku

36/10, please. Thanks.

Michaell

robenku said:

Could I please get the incentives and MF for 97214? Both on lease and purchase, if possible. Thanks much!

robenku said:

36/10, please. Thanks.

.00166 and 59%
$500 lease credit

$3000 incentive if you finance

lanlui

MSRP, $41,845 (with options included of $4,400)
factory rebate: $2000
residual value: $24,688
downpay: $0
dealer doc fee: $499
acquisition fee: $925
security deposit $2800 (will be returned at lease end)
monthly payment: $389
36/10k
cash upfront: dealer doc fee+acquisition fee+first month+security dep

Is this a good deal? any room for negotiation? If I want 7.5k mileage/yr, how much can be saved monthly?
Thank you!

kyfdx

lanlui said:

MSRP, $41,845 (with options included of $4,400)
factory rebate: $2000
residual value: $24,688
downpay: $0
dealer doc fee: $499
acquisition fee: $925
security deposit $2800 (will be returned at lease end)
monthly payment: $389
36/10k
cash upfront: dealer doc fee+acquisition fee+first month+security dep

Is this a good deal? any room for negotiation? If I want 7.5k mileage/yr, how much can be saved monthly?
Thank you!

What is the selling price?
Adjusted CAP cost?
What was the money factor, after making the 7 security deposits?
BMW doesn't offer 7.5K/yr

letvmia84

Hello,

Could I please get the MF, Residual and incentives for FL 33183? 12K/36M.

Thank you! 

kyfdx

letvmia84 said:

Hello,

Could I please get the MF, Residual and incentives for FL 33183? 12K/36M.

Thank you! 

.00166 MF and 58% residual
$1000 lease credit

brainwiser

How about Costco membership incentive? How does that work?

Bmwx1xdrive

Hello!  This thread has been immensely valuable. Thank you guys for your service. 

Just want to go over these numbers

2018 X1 xDrive
MSRP:  $49670
CAP:  $43504
Rebates:  $1,500, BMW lease and Costco
MF:  1.66
Residual:  59%
Terms:  36/10k

Drive-off:  $2250 (thinking acq, dmv, and 1st month payment.  Not sure if it’s including the BMW lease incentive, waiting for their response)
Monthly:  $515.29 before taxes (I live in SoCal, so that should be 9.5%. 

kyfdx

brainwiser said:

How about Costco membership incentive? How does that work?

We have no info on the Costco program

kyfdx

Bmwx1xdrive said:

Hello!  This thread has been immensely valuable. Thank you guys for your service. 

Just want to go over these numbers

2018 X1 xDrive
MSRP:  $49670
CAP:  $43504
Rebates:  $1,500, BMW lease and Costco
MF:  1.66
Residual:  59%
Terms:  36/10k

Drive-off:  $2250 (thinking acq, dmv, and 1st month payment.  Not sure if it’s including the BMW lease incentive, waiting for their response)
Monthly:  $515.29 before taxes (I live in SoCal, so that should be 9.5%. 

The math is right for that adjusted CAP.

I doubt you would have received $6000 off MSRP, if it didn't include the $1500 rebate

$2250 upfront
$564 first payment
$925 acquisition fee
$142 tax on rebate
$550 DMV
$80 doc fee

That's pretty close...

masterhail

Currently trying to decide between this and an X2, but might be leaning this way.

Could i get numbers for

24/36mo 12k miles - 66219 zip
xDrive AWD - MSport

Thanks!

kyfdx

masterhail said:

Currently trying to decide between this and an X2, but might be leaning this way.

Could i get numbers for

24/36mo 12k miles - 66219 zip
xDrive AWD - MSport

Thanks!

.00166 MF
64%/58% residual
$500 lease credit

[Deleted User]

Hey folks,

Could I get numbers for 24/36 mo, 10k miles, 94102 zip on a 2018 xDrive?

How much off MSRP is reasonable? I got quoted $37,989 on an MSRP of $42,210 before rebates, should I bother pushing for more than 10%? The dealer mathed out $1000 lease credit and $1000 loyalty credit, coming out to $409/m + tax. I don't know how he got to that number and I can't get it to come out in any calculators -- what else do I need to ask to figure that out?

Thanks!

kyfdx

omnibot said:

Hey folks,

Could I get numbers for 24/36 mo, 10k miles, 94102 zip on a 2018 xDrive?

How much off MSRP is reasonable? I got quoted $37,989 on an MSRP of $42,210 before rebates, should I bother pushing for more than 10%? The dealer mathed out $1000 lease credit and $1000 loyalty credit, coming out to $409/m + tax. I don't know how he got to that number and I can't get it to come out in any calculators -- what else do I need to ask to figure that out?

Thanks!

.00166 MF
65%/59% residual for 24/36 mo
$1000 lease credit

I don't know how he got to the number, either, as you haven't mentioned an amount due at signing, sales tax rate, or adjusted CAP cost.

Ask him to lay out all of the numbers. Pay close attention to any amounts you don't understand, and also the money factor used.

Steve Johnson

Could I please get the MF, Residual and incentives for wi 53083? 10k/36M

[Deleted User]

kyfdx said:

omnibot said:

Hey folks,

Could I get numbers for 24/36 mo, 10k miles, 94102 zip on a 2018 xDrive?

How much off MSRP is reasonable? I got quoted $37,989 on an MSRP of $42,210 before rebates, should I bother pushing for more than 10%? The dealer mathed out $1000 lease credit and $1000 loyalty credit, coming out to $409/m + tax. I don't know how he got to that number and I can't get it to come out in any calculators -- what else do I need to ask to figure that out?

Thanks!

.00166 MF
65%/59% residual for 24/36 mo
$1000 lease credit

I don't know how he got to the number, either, as you haven't mentioned an amount due at signing, sales tax rate, or adjusted CAP cost.

Ask him to lay out all of the numbers. Pay close attention to any amounts you don't understand, and also the money factor used.

Thanks. $409/m before tax on an MSRP of $42,210, sales price of $37,989 with an MF of 0.0166 on a 10k/36 month with $1000 lease credit and $1000 loyalty at 7.5% tax. Acquisition/doc/license/reg due at signing.

Does this seem like a reasonable deal? He offered me the 10% off MSRP straight off the bat which I read as having a little wiggle room for negotiation?

kyfdx

Steve Johnson said:

Could I please get the MF, Residual and incentives for wi 53083? 10k/36M

.00166 MF and 59% residual
$500 lease credit

kyfdx

omnibot said:

kyfdx said:

omnibot said:

Hey folks,

Could I get numbers for 24/36 mo, 10k miles, 94102 zip on a 2018 xDrive?

How much off MSRP is reasonable? I got quoted $37,989 on an MSRP of $42,210 before rebates, should I bother pushing for more than 10%? The dealer mathed out $1000 lease credit and $1000 loyalty credit, coming out to $409/m + tax. I don't know how he got to that number and I can't get it to come out in any calculators -- what else do I need to ask to figure that out?

Thanks!

.00166 MF
65%/59% residual for 24/36 mo
$1000 lease credit

I don't know how he got to the number, either, as you haven't mentioned an amount due at signing, sales tax rate, or adjusted CAP cost.

Ask him to lay out all of the numbers. Pay close attention to any amounts you don't understand, and also the money factor used.

Thanks. $409/m before tax on an MSRP of $42,210, sales price of $37,989 with an MF of 0.0166 on a 10k/36 month with $1000 lease credit and $1000 loyalty at 7.5% tax. Acquisition/doc/license/reg due at signing.

Does this seem like a reasonable deal? He offered me the 10% off MSRP straight off the bat which I read as having a little wiggle room for negotiation?

37989 minus $2000 of incentives = $409/mo.

But, you want a quote that includes tax, and an exact accounting of the upfront money.
The details is where a good deal goes off the rails.

[Deleted User]

Any incentive changes for October in 94102?

Oh and thank you I didn't see the page change! Will get a full sheet tomorrow.

kyfdx

omnibot said:

Any incentive changes for October in 94102?

Oh and thank you I didn't see the page change! Will get a full sheet tomorrow.

.00182 MF
64%/58% residual for 24/36 mo
$1000 lease credit

[Deleted User]

kyfdx said:

omnibot said:

Any incentive changes for October in 94102?

Oh and thank you I didn't see the page change! Will get a full sheet tomorrow.

.00182 MF
64%/58% residual for 24/36 mo
$1000 lease credit

Ouch. Thanks!

SRPA305

Any incentive for 15106 October? Going to dealer this weekend want to have as much info as possible. Thank you

Michaell

SRPA305 said:

Any incentive for 15106 October? Going to dealer this weekend want to have as much info as possible. Thank you

What lease term and how many miles per year?

SRPA305

Michaell said:

SRPA305 said:

Any incentive for 15106 October? Going to dealer this weekend want to have as much info as possible. Thank you

What lease term and how many miles per year?

10k 36 month

kyfdx

SRPA305 said:

Michaell said:

SRPA305 said:

Any incentive for 15106 October? Going to dealer this weekend want to have as much info as possible. Thank you

What lease term and how many miles per year?

10k 36 month

.00182 MF and 58% residual
$1000 lease credit

SRPA305

kyfdx said:

SRPA305 said:

Michaell said:

SRPA305 said:

Any incentive for 15106 October? Going to dealer this weekend want to have as much info as possible. Thank you

What lease term and how many miles per year?

10k 36 month

.00182 MF and 58% residual
$1000 lease credit

I just received a quote because I could not help myself.

MSRP 38,045
Dealer Quote Sheet Shows 2,000 Rebate and Customer Cash 800

They quoted $591.87

If I run the numbers...They did not factor in the Rebates/Customer Cash that are on the print out.

MSRP 38,045
Residual 22,161.35 (.5825%)
MF .0025
36 months
10k miles per year.
Payment = $591.87

Fricfracfrank

Can you please provide residuals and money factor for zip 11204. 10k/24&36, 12k/24&36. Thanks in advance.