BMW x5 Lease ~ Desperate for help please

BaseballMom

Hi... First I apologize if I'm breaking any forum rules by posting on the wrong forum, but I'm very desperate. I also apologize for all my rambling as well. I have a lease that expired for an Infiniti QX60 In April. They let me extend the lease for 3 months due to covid. I'm an ICU nurse and was working in a covid unit and ended up with covid. My husband , who's in his 40's and dealt with my previous lease is now terminal with dementia and in hospice. Life as been crazy and I'm embarrassed that I haven't had more time to research leasing before posting.

Made the mistake of going into a dealership to test drive and told them I was looking into a lease... did not give them my personal situation though. The car and "numbers" below is what they gave me... exactly like this:

BMW x5 x40i Black Sapphire with M sport Package (Money Factor .0025, Residual Amount 54%)
Original SMRP $72,470
Customer savings $3,170
Purchase Price of Vehicle $69,300
Doc Fee $220
CVR Fee $24
Subtotal $69,544
License-Title $165

Total Credit $3,500 ($500 factory incentive) & Cash on delivery
COD they have listed: $165 title & registration, $925 Acquisition Fee, $1057 Down Payment, $133 Michigan Taxes, $999.38 1st month payment, $220 Documentation fee, $3,500 less $500 Conquest Rebate. $3,000 due on delivery.

Then they go on to say:
$999 per month
36 month/12K Miles
3 year/36,000 Maintenance
And a few complimentary things that don't mean much

I would soooo appreciate any input anyone has. A $999 monthly payment seems very high to me. How do I respond? Any suggestions on a reasonable price? Thanks for your time!

xwesx

If you have not received any feedback yet, try visiting the BMW Leasing thread in these forums. You will likely get a quick response!

I will also see if I can point someone from there this way. Good luck!

Michaell

xwesx said:

If you have not received any feedback yet, try visiting the BMW Leasing thread in these forums. You will likely get a quick response!

I will also see if I can point someone from there this way. Good luck!

The BMW programs for August should be available today - we are waiting for them before we reply.

Initial thoughts - run away from this dealer.

Michaell

The base MF is .00099 on the X5 (actually, on all BMWs).
54% residual
I don't see a lease specific incentive, nor do I see a conquest incentive

I'd start by telling the dealer you want the base MF rate (no need to share the number with them; they know what it is), or you'll shop somewhere else.

And, you can look here for help with pricing:
https://www.edmunds.com/new-cars/

Take your time, and we'll provide as much help as we can.

kyfdx

BaseballMom said:

My bad... he did tell me the MF was .00099
When I asked him about incentives that’s when he gave me the $3,170 number (should I ask him to break that down?) and then I assumed the $500 “factor rebate” was the conquest incentive. I will message them tomm. Thanks so much!

$3170 is the dealer discount from MSRP

BaseballMom

Thank you!

BaseballMom

My bad... he did tell me the MF was .00099
When I asked him about incentives that’s when he gave me the $3,170 number (should I ask him to break that down?) and then I assumed the $500 “factor rebate” was the conquest incentive. I will message them tomm. Thanks so much!