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- Green pastel interior is not available in the US. X5's. I think the color you are referring to is the stone green that is available in the 745.
- $800 over invoice is a great deal for an X5.
- CPO is about $1200 but also depends on the year and mileage. It's better to get a CPO car since it goes through a pretty extensive checkup and you get a CPO warranty for 2 extra years and 50k miles and 24 hour roadside assistant for the length of the warranty. Most dealerships won't CPO a car if it has been an accident where at least one major body panel has been replaced in an accident.
36 month lease - 20,000 miles per year
$1540 down
$655 per month
It is for an X5 3.0, base model. Only upgrade is the moonroof.
Is this a good deal or is this guy just being stubborn?
BMW only publishes residuals for 15K/year.. Any idea how much the extra 15K miles are costing you? Or what the MSRP of the car is?
My guess is that the extra miles are about $70/mo extra over a 15K/yr lease... BMWs are not cheap to drive high miles...
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He offered to drop down to $629 per month if I would go down to 18K miles, but I know I would end up regretting that.
The documents I have show an MSRP of 41,700, with it bumping up to 45,020 after the upgrades.
I'm guessing about $622 + tax, if you decrease the residual by $0.16/mile for the extra..
So, your payment looks pretty close.. I don't know your tax rate, but he can't be far off..
Considered leasing an X3? You might save $100/mo.
regards,
kyfdx
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I considered the X3, but after looking at them side by side and driving them, I like the X5 a whole lot more. I guess that is why you pay the extra C-note every month. )
Thanks for your feedback, btw.
Should I hold for a $556 per month price?
Thanks for the help.
On an apples to apples basis, you should be looking at around $565 + tax.. I think if you negotiate another $1000 off the selling price, that is right where you will be...
I don't know your tax rate.. but, that will be pretty close..
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sale price - invoice + $1000
Additional options - $15K
lease period - 36 months
residual value - 61%
miles - 10K per year
lease number - .0018
down payment - 0
The monthly payment as per this offer is much higher than the $500 range being discussed - more than $800.
I would very much appreciate any help in this negotiation process. thanks.
What is the total MSRP?
Off the top of my head, it looks like you are waiving the security deposit and they are marking up the money factor as well...
Details?
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any suggestions?
In regards to your ? as to what to buy - I'm in the same predicament. Here's my opinions - The RX330, everyone I know who has one loves it but I find the styling to be a little too femine for my taste. The Tourag, I like the styling but I took one for a test drive and found it to uncomfortable. The SUV I'm considering is going to be the soon to be released new Mercedes M-350 which will start hitting the road in March. The pricing is the same as the X5. I saw the car at the auto show and LOVED the inside/out - Obviously, I need to test drive it, but right now, that's the one I'm leaning towards.
**ALSO keep in mind that the 'new' style X5 is being released next year.
The Toureg is a hansome looking truck with a beautifully crafted interior. However, VW/Audi dealerships seem to have enough problems servicing my sister's Jetta and my Mom's A6. One of my customers owns a V6 Toureg. He tells me that whenever he takes his truck in for repairs, they have to call in a TOUREG SPECIALIST which can sometimes take a week or 2.
The RX330 is nice. I'm not to into the exterior styling. I'm sure they run perfect. I don't particularly like the dashboard layout and how the shifter is so high up. Too softly sprung for my tastes.
The ML350. I think MB made a great looking truck (from all the spy shots I've seen). Great new Motor, seven speed auto trans (?). I'm sure they've improved the interior quality and handling greatly over the current ML, but they're reliability record during the last few years has been shotty at best. I'd wait at least a year or 2 before you check out the new gen ML 350.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
If you want to discuss this vehicle and possible issues with it, please use the Browse by Vehicle pulldown menus on your left to see the complete list of discussions for the X5.
Thanks!
- metallic color ($2500)
- premium
- sports
- coldweather
- automatic
- xenon
- navigation
- parking
Yes, the security deposit is $0. What minimum money factor i can shoot for?
$2500 for metallic paint? What color IS that??
Besides the money factor mark-up, the reason your lease quotes are so much higher, is that you might be shopping for the most expensive X5 3.0 on the planet.. Most of the lease quotes I've seen on this board are for units with a price of under $50K...
regards,
kyfdx
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According to the BMW website, the X5 3.0 with the options you selected comes to $53,620 MSRP-perhaps several hundred over $54,000 if you lease it. There is nothing on the website about $2500 metallic paint. I would RUN from this dealer and never look back-but that's me.
sale price - $49K ($1K more than invoice)
money factor .00165
residual value - 59%
mileage - 15K/month
minimum down
no security
monthly payment - $750/month
I hope this is a better set of info now. I will shoot for 0.00125 for the moeny factor. Is residual value for a given miles negotiable? How low the monthly payment will come to? Is there an optimum upfront payment?
thanks again for all the help.
I worked out your figures. I assume the acquisition fee of about $725 was worked into your capitalized cost(sale price) which brings it up to $49,725. Your monthly payment is approximately $692.52 with 8% tax becomes $747.92-pretty close to your quote.
This seems to be an honest dealer. He didn't even inflate the money factor which he could have done. I guess these trucks "ain't movin'."
I would definitely find out your true capitalized cost. It wasn't $49,000-that's why the dealer said "sale price." Sale price means nothing. Capitalized cost means everything. The aquisition fee is usually added to this "sale price" for your true capitalized cost. It should be pretty close to $49,725.
March will bring new BMW lease programs. Check with Car_man on the leasing questions board in a few days to find out what the new base money factor is for the X5.
over invoice should I be paying? Any financing specials out there??
Need something in the next few days. Please help.
36 months/12k miles per year
Auto, Prem. Pk, CW pk, RC pk, Nav Sys, Xenons, Heated Rear seats, 6 Cd changer
Sterling Gray
inceptions: 631 1st pay
625 bank fee
253 MV
125 Doc fee
7 Tire tax
631.00 per month including NJ taxes, Also i have great credit are any of these inception fees wavable.
Mr.631 per month
Also, how big of a deposit did you put down?
regards,
kyfdx
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Zero Money down
The edmunds MSRP is 51,370
6 dick cd changer is 595
total-------------->51,965
36 months/12k miles per year
Auto, Prem. Pk, CW pk, RC pk, Nav Sys, Xenons, Heated Rear seats, 6 Cd changer
Sterling Gray
inceptions: 631 1st pay
625 bank fee
253 MV
125 Doc fee
7 Tire tax
631.00 per month including NJ taxes, Also i have great credit are any of these inception fees wavable.
So, if your tax rate is about 6%, then you got almost $3K off MSRP, and they are using the base rates..
Seems like a good deal. The only padding I see is the $125 Doc fee.. but, that isn't enough to worry about..
regards,
kyfdx
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Exterior - Sterling Gray
Interior - Black
Dark Grain
Premium Package
Navigation
Xenon Lights
Cold weather package
Rear climate package
Lease with 5,000$ Total out of pocket.
MSRP = 51,170$
36 months with 15k miles a year.
They took off 2500$ MSRP
Lease payment = 575$
GOOD DEAL OR WHAT ??????????????
I usually advise against putting that much money upfront, but you did get a good deal.
regards,
kyfdx
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I'm assuming all payments include NJ 6% sales tax..
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I'd like to start a dealing process here in Calgary, Alberta for an X5 3.0. It would be appreciated if you could get me some Canadian experience, such as dealer invoice and etc.
Thanks.
Thank you very much for your help.
Matthew Linda
I suggest paying as little upfront as possible.. If you put down a large amount, and then your vehicle was stolen or totaled, the lease would be paid off, but you most likely wouldn't get any of your downpayment back....
So, yes.. 1st payment, security deposit and title fees only upfront.. That should bring the payment to $673/mo (or within a couple of dollars of that).
regards,
kyfdx
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Any other hints anyone could give me ?
Thank you Kyfdx and whoever else has feedback.
Know exactly how much down you need or assumed in writing that day and any last mimute charge BEFORE entering the F&A dungeon. If the numbers look different, call your sales guy over and remind him the numbers you were expecting. Once you are willing to let some new number creep in, you are opening up the shark tank.
The amount of gas is a courtesy and depends on the dealer (and I supect oil prices will mean less fill-ups).
Don't skip over an offer to have the sales guy run through the new car with you - he may find issues that you may not see until it's home, where you are more likely to let small stuff go.
Good luck, the X5 is a great SAV.
am i in it too deep ? please help
If they wanted $560/mo with $5K upfront, then it should be about $640/mo with $2500 upfront...
It doesn't matter to the dealer... they get the same amount from the bank, either way.. Just call them before you go in, and tell your salesperson to re-do the paperwork with only $2500 due at signing.. and that you realize that should change the payment by "about $80/mo.".
Very simple... don't let them kid you... It takes all of 60 seconds to change it in the computer and then have it spit out of the printer....
Just remember.. if it is $560/mo tax included with $5K upfront, it should be $640/mo. tax included with $2500 upfront.
regards,
kyfdx
PS: For those of you playing along at home.. I know $2500/36 = $69.44... But, the payment is $80 higher and the security deposit is $50 higher, raising the due at signing by $130, and you have extra finance charges due to the higher cap cost plus 6% NJ sales tax..
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2005 - X5 4.4
Loaded, MSRP of $63,345
36/10,000 lease
Buying in Virginia (sales tax comes to $2,040)
They told me:
(1.) 2005 - "We do not negotiate off of MSRP on the 4.4's" (call me naive, but I think that is total bull)
(2.) Offered me a MF of .000125 (after looking at other posts, seems in line, however I have seen .00010 but am confused if that is model specific or industry standard - please confirm)
(3.) Residual % of 61% (seems in line with other posts)
(4.) $850 security deposit - do I have to pay this? Negotiable?
(5.) Upfront acq. fee - $825, Processing fee $199 (both negotiable I presume?)
My original numbers included $2500 down, however after reading earlier posts, I am taking the advice on the board, that is not a good move and will move forward on making calculations with a zero down pmt.
In a nutshell - are the fees/ratios they are quoting me valid or am I being taken? Also, the biggest question...is it realistic to get $1500 to $2000 off of MSRP on a X5 4.4?
Any advice/experience/guidance is GREATLY appreciated.
Thanks!
Katie
2) The money factor on the X5 4.4 is .00125
3) Residual of 61% is also correct.
4) You can have the security deposit waived in exchange for an increase in the money factor.. But, it is a better deal to make the security deposit.
5) Base acquisition fee is $625.. that is not negotiable and goes to the bank... The $200 that the dealer marked it up is negotiable.. and I would assume the processing fee is also...
I have to believe that $2K off shouldn't be too hard on a $60K vehicle....
I wouldn't be insulted though... Their job is to get the maximum amount of money.. your job is to pay the minimum amount.
regards,
kyfdx
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