Very interesting thread, since I am new to considering a lease.
My Zip code is 60060 and I am buying/leasing a BMW X5. The MF used on my lease offer is .00139, which may not be too good based on what I read here. But I am getting a nice discount.
2021 MSRP 73,995 Discount/rebate. $6200. Adjusted price. $67,795 Acquisition fee built into the lease $925 36 month lease with $910.98 payment. $4098 due at delivery which is 1st month payment, taxes, and plats/doc.
residual is $41,437
Is this a good deal?
Thanks
If I pay cash my discounts increases to $8200, but my taxes are higher.
Very interesting thread, since I am new to considering a lease.
My Zip code is 60060 and I am buying/leasing a BMW X5. The MF used on my lease offer is .00139, which may not be too good based on what I read here. But I am getting a nice discount.
2021 MSRP 73,995 Discount/rebate. $6200. Adjusted price. $67,795 Acquisition fee built into the lease $925 36 month lease with $910.98 payment. $4098 due at delivery which is 1st month payment, taxes, and plats/doc.
residual is $41,437
Is this a good deal?
Thanks
If I pay cash my discounts increases to $8200, but my taxes are higher.
Base MF is .00099, and the dealer has marked up the rate the maximum allowed. That adds about $47mo. to your payment.
The dealer gets $2500 in extra incentives if you purchase.
If you pay cash, you also don't pay the $925 acquisition fee.
Very interesting thread, since I am new to considering a lease.
My Zip code is 60060 and I am buying/leasing a BMW X5. The MF used on my lease offer is .00139, which may not be too good based on what I read here. But I am getting a nice discount.
2021 MSRP 73,995 Discount/rebate. $6200. Adjusted price. $67,795 Acquisition fee built into the lease $925 36 month lease with $910.98 payment. $4098 due at delivery which is 1st month payment, taxes, and plats/doc.
residual is $41,437
Is this a good deal?
Thanks
If I pay cash my discounts increases to $8200, but my taxes are higher.
Base MF is .00099, and the dealer has marked up the rate the maximum allowed. That adds about $47mo. to your payment.
The dealer gets $2500 in extra incentives if you purchase.
If you pay cash, you also don't pay the $925 acquisition fee.
Yes, I know. Thank you. The bottom line is that this is not a good lease deal, correct? Even considering the total $6200 (with $500 rebate) discount?
Are you suggesting that I should ask for the .00099 and not get the lease if I cannot get the base rate? I thought maybe the discount which is a total of 8.4% might offset part of the MF.
Is the residual % typically calculated with the MSRP (which includes the destination charge).
I have already ordered my X5, but I have until it is delivered to decide. I can just buy it would the cash deal that I originally negotiated. The 11.1% discount.
I am not very familiar with leasing, so I am sorry if my questions sound stupid. I appreciate the help.
Very interesting thread, since I am new to considering a lease.
My Zip code is 60060 and I am buying/leasing a BMW X5. The MF used on my lease offer is .00139, which may not be too good based on what I read here. But I am getting a nice discount.
2021 MSRP 73,995 Discount/rebate. $6200. Adjusted price. $67,795 Acquisition fee built into the lease $925 36 month lease with $910.98 payment. $4098 due at delivery which is 1st month payment, taxes, and plats/doc.
residual is $41,437
Is this a good deal?
Thanks
If I pay cash my discounts increases to $8200, but my taxes are higher.
Base MF is .00099, and the dealer has marked up the rate the maximum allowed. That adds about $47mo. to your payment.
The dealer gets $2500 in extra incentives if you purchase.
If you pay cash, you also don't pay the $925 acquisition fee.
Yes, I know. Thank you. The bottom line is that this is not a good lease deal, correct? Even considering the total $6200 (with $500 rebate) discount?
Are you suggesting that I should ask for the .00099 and not get the lease if I cannot get the base rate? I thought maybe the discount which is a total of 8.4% might offset part of the MF.
Is the residual % typically calculated with the MSRP (which includes the destination charge).
I have already ordered my X5, but I have until it is delivered to decide. I can just buy it would the cash deal that I originally negotiated. The 11.1% discount.
I am not very familiar with leasing, so I am sorry if my questions sound stupid. I appreciate the help.
Typical decent deal is 7% off MSRP. Your deal is an extra $1000 off, but with $1700 in MF markups.
IMO, the discount doesn't warrant the money factor markup.
The problem with negotiating a lease, after you've ordered is exactly this. They can mark up the rates.
But, if you plan on being out of the car in three years, you may be better off leasing. That doesn't mean you can't push back. If they agreed to this price on a cash deal (+$2000), when they weren't making any money off the financing, then why should you pay extra for financing on the lease?
Moderator. Thank you. I negotiated hard for my cash deal, which is 11.1% off MSRP. They presented the lease deal to me as an option after we both agreed to the cash deal. I have not negotiated the lease deal at all and I did not get any competitive bids for the lease like I did for the cash deal. In my case any lease deal is competing against my cash deal, since I have already ordered the SUV. I appreciate your point that I should have shopped the lease option at other dealers for the best deal.
Your and other’s efforts have helped me understand how to access any lease deal. I believe I understand all your points. If I could get the dealership to use a MF of .00099 or something with a very small mark up and/or increase the lease discount from MSRP, I would have a much more competitive lease option. As you said the payment should be $47 less per month with the same no down payment and the same $925 acquisition fee built into the lease.
I have been fortunate enough to always pay cash and keep my cars for a long time. The technology enhancements has made buying new cars more often an attractive option.
Although I was pleased with our collective negotiations on the cash deal, I am less than pleased that they are trying to make more money off of me for a lease deal that was not very competitive. I just told them that I would consider the option, but I had to study and research it. They might not like what I learned.
Moderator. Thank you. I negotiated hard for my cash deal, which is 11.1% off MSRP. They presented the lease deal to me as an option after we both agreed to the cash deal. I have not negotiated the lease deal at all and I did not get any competitive bids for the lease like I did for the cash deal. In my case any lease deal is competing against my cash deal, since I have already ordered the SUV. I appreciate your point that I should have shopped the lease option at other dealers for the best deal.
Your and other’s efforts have helped me understand how to access any lease deal. I believe I understand all your points. If I could get the dealership to use a MF of .00099 or something with a very small mark up and/or increase the lease discount from MSRP, I would have a much more competitive lease option. As you said the payment should be $47 less per month with the same no down payment and the same $925 acquisition fee built into the lease.
I have been fortunate enough to always pay cash and keep my cars for a long time. The technology enhancements has made buying new cars more often an attractive option.
Although I was pleased with our collective negotiations on the cash deal, I am less than pleased that they are trying to make more money off of me for a lease deal that was not very competitive. I just told them that I would consider the option, but I had to study and research it. They might not like what I learned.
The worst case for me is I buy the BMW X5.
Does it look like I have a good understanding?
That is correct.
Pretty easy... just say, "I'd like to lease it, but given the pricing, your payment is $50/mo. too high". They may not budge, because you ordered the car and they expect you to take it, anyway.
Hi - Can I please have the MF and RV for 2020 BMW X5 sDrive40i for 36/10 and 36/12 in 92620? It's a courtesy vehicle with about 4,100 miles in it. Dealer shows selling price $54,988 (MSRP $62,195). Is there any lease incentives, loyalty, etc.? Thanks!
Hi - Can I please have the MF and RV for 2020 BMW X5 sDrive40i for 36/10 and 36/12 in 92620? It's a courtesy vehicle with about 4,100 miles in it. Dealer shows selling price $54,988 (MSRP $62,195). Is there any lease incentives, loyalty, etc.? Thanks!
Can you guys help me.. I have no idea what I am doing wrong (or am I doing it wrong?)
I am trying to calculate my target lease offer for a
2021 x5 x40i 12,000 miles annually.
Zip Code: 11217
The built MSRP: $66,950
Target discount: 10%
Ideal selling price: $60,255
MF: .00099
Residual: 53%
Sales Tax: 8.875%
There is a $500 conquest but not clear to me if there is MORE? (I guess this is dealer specific?)
Money Down: BMW has I think a $4999 (is this negotiable?)
Security Deposit: I am OK to do this, if this would help reduce my monthly. (7x)
In my dreams I would like to get to sub $600 per month (TOTAL, Tax included)... but for some reason I can't seem to get the same calculation twice.. no matter what calcualtion tool I use. I want to make an offer but want to have clean numbers I am working with!
ANY HELP would be super appreciated. (don't just share a link to how to do it or leasehackr.. I've spent days on this but my brain is not well equipped for this process.
Can you guys help me.. I have no idea what I am doing wrong (or am I doing it wrong?)
I am trying to calculate my target lease offer for a 2021 x5... 12,000 miles
Zip Code: 11217
The built MSRP: $66,950
Target discount: 10%
Ideal selling price: $60,255
MF: .00099
Residual: 53%
Sales Tax: 8.875%
There is a $500 conquest but not clear to me if there is MORE? (I guess this is dealer specific?)
Money Down: BMW has I think a $4999 (is this negotiable?)
Security Deposit: I am OK to do this, if this would help reduce my monthly. (7x)
In my dreams I would like to get to sub $600 per month (TOTAL, Tax included)... but for some reason I can't seem to get the same calculation twice.. no matter what calcualtion tool I use. I want to make an offer but want to have clean numbers I am working with!
ANY HELP would be super appreciated. (don't just share a link to how to do it or leasehackr.. I've spent days on this but my brain is not well equipped for this process.
Hello, Can I get the MF, RV as well as any incentives (BMW, Loyalty, Recent graduate) on a 2020 X5 sDrive40i W/Premium Package (if it makes a difference) 36/10 for Zip 93012.
Hello, Can I get the MF, RV as well as any incentives (BMW, Loyalty, Recent graduate) on a 2020 X5 sDrive40i W/Premium Package (if it makes a difference) 36/10 for Zip 93012.
Thank you.
.00099 MF and 55% residual $1000 lease credit $1000 loyalty
Looking for help trying to determine whether I’m getting a good price on a 2020 X5 sDrive40i. Here are the details:
Zip Code: 90067 MSRP: $65,870 Total Payment at Signing: $4,000 Monthly Payment (including taxes): $675
Is this a good deal?
What is the selling price? What is the adjusted cap cost? What is the itemization of the $4000 due at signing?
Selling price is is approximately $57,500 Not sure about the cap cost, but the residual is 55% They didn’t give me a breakdown of the $4000 due at signing
Looking for help trying to determine whether I’m getting a good price on a 2020 X5 sDrive40i. Here are the details:
Zip Code: 90067 MSRP: $65,870 Total Payment at Signing: $4,000 Monthly Payment (including taxes): $675
Is this a good deal?
What is the selling price? What is the adjusted cap cost? What is the itemization of the $4000 due at signing?
Selling price is is approximately $57,500 Not sure about the cap cost, but the residual is 55% They didn’t give me a breakdown of the $4000 due at signing
Would be good to know what the $4000 consists of; in CA, we recommend you only pay the first payment and DMV costs at signing.
Can I have the MF, residual, incentives, for 2020 X5 sDrive 40i, zip 33143. Also the same for a service loaner under 5k miles, if different. Thank you!
Can I have the MF, residual, incentives, for 2020 X5 sDrive 40i, zip 33143. Also the same for a service loaner under 5k miles, if different. Thank you!
36/15 .00099 and 52% $500 lease credit
Subtract .25/mile from the residual to account for the existing odometer reading.
Comments
My Zip code is 60060 and I am buying/leasing a BMW X5.
The MF used on my lease offer is .00139, which may not be too good based on what I read here. But I am getting a nice discount.
2021 MSRP 73,995
Discount/rebate. $6200.
Adjusted price. $67,795
Acquisition fee built into the lease $925
36 month lease with $910.98 payment.
$4098 due at delivery which is 1st month payment, taxes, and plats/doc.
residual is $41,437
Is this a good deal?
Thanks
If I pay cash my discounts increases to $8200, but my taxes are higher.
That adds about $47mo. to your payment.
The dealer gets $2500 in extra incentives if you purchase.
If you pay cash, you also don't pay the $925 acquisition fee.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Zip 28209
36/12 MF, RV 2020 BMW X5 S40i Loaner
The bottom line is that this is not a good lease deal, correct? Even considering the total $6200 (with $500 rebate) discount?
Are you suggesting that I should ask for the .00099 and not get the lease if I cannot get the base rate? I thought maybe the discount which is a total of 8.4% might offset part of the MF.
Is the residual % typically calculated with the MSRP (which includes the destination charge).
I have already ordered my X5, but I have until it is delivered to decide. I can just buy it would the cash deal that I originally negotiated. The 11.1% discount.
I am not very familiar with leasing, so I am sorry if my questions sound stupid. I appreciate the help.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
IMO, the discount doesn't warrant the money factor markup.
The problem with negotiating a lease, after you've ordered is exactly this. They can mark up the rates.
But, if you plan on being out of the car in three years, you may be better off leasing. That doesn't mean you can't push back. If they agreed to this price on a cash deal (+$2000), when they weren't making any money off the financing, then why should you pay extra for financing on the lease?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Your and other’s efforts have helped me understand how to access any lease deal. I believe I understand all your points. If I could get the dealership to use a MF of .00099 or something with a very small mark up and/or increase the lease discount from MSRP, I would have a much more competitive lease option. As you said the payment should be $47 less per month with the same no down payment and the same $925 acquisition fee built into the lease.
I have been fortunate enough to always pay cash and keep my cars for a long time. The technology enhancements has made buying new cars more often an attractive option.
Although I was pleased with our collective negotiations on the cash deal, I am less than pleased that they are trying to make more money off of me for a lease deal that was not very competitive. I just told them that I would consider the option, but I had to study and research it. They might not like what I learned.
The worst case for me is I buy the BMW X5.
Does it look like I have a good understanding?
Pretty easy... just say, "I'd like to lease it, but given the pricing, your payment is $50/mo. too high". They may not budge, because you ordered the car and they expect you to take it, anyway.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No lease incentives
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Did you get a good deal? Be sure to come back and share!
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.00099 MF and 54% residual
$1000 lease credit
$1000 loyalty
Subtract $0.25/mile from the residual, to account for the current mileage
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Did you get a good deal? Be sure to come back and share!
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Thank you!
.00099 MF and 54% residual
$500 lease credit
2021 discussion is here:
https://forums.edmunds.com/discussion/62406/bmw/x5/2021-bmw-x5-lease-deals-and-prices#latest
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No incentives
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
36/10
33009
Thanks in advance!
2020 BMW X5 sDrive40i
$500 lease credit
No eDrive for 2020
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00099 and 54%
No incentives
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00099 MF and 52% residual
No lease incentives
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Also its the last week of September 2020 and I am looking at a 2020 x5 x40i... is now the best possible time to buy? Any advice here?
I am ON THE FENCE about just jumping for the 2021 for mostly minor nice to haves that I don't see in any inventory of 2020's.
Thank you KINDLY!
.00099 and 52%
$500 lease credit
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I am trying to calculate my target lease offer for a
2021 x5 x40i
12,000 miles annually.
- Zip Code: 11217
- The built MSRP: $66,950
- Target discount: 10%
- Ideal selling price: $60,255
- MF: .00099
- Residual: 53%
- Sales Tax: 8.875%
- There is a $500 conquest but not clear to me if there is MORE? (I guess this is dealer specific?)
- Money Down: BMW has I think a $4999 (is this negotiable?)
- Security Deposit: I am OK to do this, if this would help reduce my monthly. (7x)
In my dreams I would like to get to sub $600 per month (TOTAL, Tax included)... but for some reason I can't seem to get the same calculation twice.. no matter what calcualtion tool I use. I want to make an offer but want to have clean numbers I am working with!ANY HELP would be super appreciated. (don't just share a link to how to do it or leasehackr.. I've spent days on this but my brain is not well equipped for this process.
THANK YOU
https://forums.edmunds.com/discussion/62406/bmw/x5/2021-bmw-x5-lease-deals-and-prices#latest
Edmunds Price Checker
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I get the MF, RV as well as any incentives (BMW, Loyalty, Recent graduate) on a 2020 X5 sDrive40i W/Premium Package (if it makes a difference) 36/10 for Zip 93012.
Thank you.
$1000 lease credit
$1000 loyalty
Don't see any grad credits
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No lease incentives
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Zip Code: 90067
MSRP: $65,870
Total Payment at Signing: $4,000
Monthly Payment (including taxes): $675
Is this a good deal?
What is the adjusted cap cost?
What is the itemization of the $4000 due at signing?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$500 lease credit
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking to close before end of Sept.. or can wait, I am flexible.
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Not sure about the cap cost, but the residual is 55%
They didn’t give me a breakdown of the $4000 due at signing
Edmunds Price Checker
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00099 and 52%
$500 lease credit
Subtract .25/mile from the residual to account for the existing odometer reading.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige