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I am considering the BMW X5 2005 for lease and have seen it advertised for $459/mo. with like $3800 total inception fees. I have also seen many other manufacturers offer Zero Down on many cars (like Jeep) for very low prices (i.e jeep wrangler - 188/mo., jeep grand cherokee - 259/mo.).
My question is this....if these jeep and other manufacturers can offer zero down (sign and drive) and keep the payments very low, why can't I ask for the same from BMW? Can I go to the dealer and say...here is my 790 beacon score, I want this X5 for $459/mo with ZERO DOWN. Can it be done???????
Thanks for your help.
Following is a quote that I got from a dealer here in Seattle, does it sound like a good deal. Thanks in advance for your advice.
Regards,
MK
THE CAR THAT YOU SAW SILVER/BLACK LEATHER, ALL THE GOODIES!!! (SPORT/PREM/COLD/CLIMATE/XENONS).
MSRP $51720,
YOUR PRICE! $50168.
36X LEASE WITH 10K PER YEAR @ 672.48 PLUS TAX WITH
$1500 TOTAL OUT OF POCKET. RESIDUAL AT END OF TERM IS 31549.20 AND YOUR RATE IS 4.3% ON THE LEASE.
IMPORTANT NOTE! YOUR 1ST 32 PAYMENTS ARE WITH NO TAX, YOUR LAST 4 WILL BE WITH TAX IN YOUR AREA (9.1%). REASON IS, YOU HAVE TAX CREDIT ON YOUR TRADE IN
1) $1550 is not much of a discount.. At this time of year, and on a not-that-popular model, I would expect $2500-$3000 discount from MSRP at a minimum..
2) I'll assume that the $1500 includes the acquisition fee and the first payment..
3) It looks like they are bumping the money factor the maximum .0004 and also waiving the security deposit for an extra .00015.. This takes the MF up to .0018 (which equates to 4.3%) from the base MF of .00125.
So, small discount, money factor bumped the maximum.. not a very good deal..
With a $3000 discount from MSRP, acquisition fee of $625 added into the cap cost, base MF of .00125, and upfront of 1st payment and security deposit (still should be around $1500 total), the payment would be about $596/mo.+ tax..
So, they still have about $75/mo. to come down... I'd want at least $60/mo. of that, before I'd consider it a good deal..
regards,
kyfdx
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Best Regards,
MK
How much is a fair price over invoice these days for a 2005 X5 4.4i ?
Is $1000 over invoice too much of a stretch ?
Any input or experiences greatly appreciated ....
Downpayment = $4k,
Total Monthly payment = $571 / mo (39 months lease @ 12k mi)
MSRP = $49170
Gross Capitalized Cost = $49k (I bought the Perma plate ($695) to protect my car)
- Just curious of the feedback so I would be better prepare next time, but otherwise I love my new car!!!
and the dealer honor his mistake. very honest people :shades:
orginal price 52700
51320 MSRP
48482 Price
MF 0.00145
Acq 825
Res 60%
39 mo lease
637 / mo incl tax
I'm thinking that this is an overall good deal
MSRP is $48,570
Sell: $45,970 ($2600 off of MSRP)
On a 39 month term with 12,000 miles per year and $0 down, payments are $688. This is based on a 61% residual and an APR of 4.5% and includes all sales tax, license and title. Literally $0 out of pocket at lease signing - includes tax, title registration. No security or first payment required. There is no acquisition fee. For every $1k we could/would put down the payment would go down $30.00/month.
This is Owners Choice financing offered by BMW, basically a baloon. At the end of term you have 3 options, pony up the cash, refinance or turn in.
In Chicago on any lease, we have to pay 9% sales tax on the sell price of the car. We also have to add an additional 6% to every monthly payment for a City of Chicago Lease tax. We are looking at this because of the tax issues described above.
Please advise.
1. Residual - 69%
2. MF 0.00125
and the same holds for 4.4i as well. ( Using 56000 as the price ). Since the dealers in MA are willing to offer 3% over invoice without any haggle, I am planning to offer the following to the dealer
BMW 4.4i
MSRP - $57,145
Invoice - $52,600
My Offer ( Adjusted Cap Cost )- 54178
Down payment - $2500
Trade In $3500
MF 0.00125
Residual - 69% ( 38640 )
Sales Tax 5%
Monthly Payment - ~435/month
Does this looks right - Based on what BMW finance is offering on BMW X5 lease. ( www.bmwusa.com)
Thanks,
djocks
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3-series? Price increase coming up on September 1st... that will probably negate any lease help that might be coming..
regards,
kyfdx
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36 mo/15k mi – 59% Residual Value – Money Factor .00075 Base Rate
I believe they also offer this same residual for 39mo/15K...
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thanks for the info. i am trying very hard to wait for a good time on a 3-series. not sure if it is ever going to happen. my lease on an 03' 330i is just about done. I test drove the new 325 and absolutely loved it. Every bit my 330i. Can't even imagine how great the new 330i is!
Thanks again for the help.
djocks
Thanks. I think I may prefer the X5 over the X3. The X3 was very bouncy in the back seat.
36 mo/12k mi – 61% Residual Value – Money Factor .00100 Base Rate
X5 4.4i Wagon
36 mo/12k mi – 61% Residual Value – Money Factor .00075 Base Rate
I'm positive the numbers for the X5 3.0 are good for 39 months, as well..
Not sure if that applies to the 4.4 model..
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It would be even more...
Realistically.... you can't lease a $60K car for $600/mo...
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.0010 money factor, 10k /year 62% residual 39 months. $518. inc tx with fees up front
I"m thinking less than $1000 over invoice. Any thoughts?
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You might be to the "Do .0010 or I walk stage... "
Or.... "I want to write a check for $4K, and have my payment be $560/mo. or less for 39 months.. Do that and we have a deal.. Otherwise, I'm shopping elsewhere."
Good luck...
kyfdx
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$4,000 at signing ($2,915 cap reduction)
39 month
1,000 miles/month
MSRP $47,195, "deal value" $45,223
Residual $29,078 (I won't buy at end of lease so don't care about residual)
Payments $421 + tax = $453.96
Sound OK? Anyone have comments?
X5 3.0i
$44420 MSRP
$40915 Invoice
$41915 Selling price (invoice + $1,000)
$625 acq fee
$400 security deposit
$93 tags
.0001 money factor
.62 resid @ 10k
39 months,
3% sales tax (Virginia)
$1083.93 first month, sec dep, tags
$491 a month
Thanks for any input that you can provide !!
Angel
I used a cap cost of $42,540.. (selling price + acq. fee)..
Ask them to break down the tax amount, or if the cap cost is some other number (and why?).
A pretty good deal, though..
regards,
kyfdx
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Thanks again,
Angel
Some states charge on the payment... some on the selling price.. some on the depreciation amount...
Some states charge different rates for leases than purchases..
I'm not up on Virginia, though..
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first of all thanks for the info on this and other bmw boards. i read all the time and you work very hard at this and are incredibly helpful!
I just got back from vacation and monday begins august. you mentioned a money factor a few posts back of .0007? can this still be had and can you post any changes to lease rates for august if they come up. These numbers would all be for a 3.0i, premium, and cold.
thanks
djocks
The .00075 MF was for the 4.4 model.. The 3.0 model has a .0010 MF.
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How realistic would it be to pay invoice for an X5 4.4i this month? Any input is appreciated. Thanks,
J
MSRP 43670 (base model, automatic)
39 month lease at 10K miles a year
Residual value at 62 %
Money factor at 0.00115
Don't have the exact selling price as yet(but it'll be a little less than 42000 which would include the acquisition fee)
Finally, monthly is 451 + tax
Downpayment 1400.
This includes all the possible fees.
So final deal is 451 + tax, with 1400 downpayment.
(Should also add-sent the same numbers to a leasing agent and got a reply from him that there is no way anyone could do this deal with those numbers in the US!!!!!)
If you use a cap cost of $42K, and the base MF, it does indeed give you a payment of $451/mo. + tax..
That supposes a selling price of $41,375, which seems possible..
Due at signing would be 1st payment, security deposit, title and license fees.. which shouldn't be more than $1400...
I'm not surprised they took it.. Good deal for you.. and fair for them.
regards,
kyfdx
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If $4000 total at lease signing, an approx. payment on a 39mo./12K lease would be $440/mo.+tax..
Hard to say exactly without all of the details... I wouldn't want to pay $4000 upfront to lease a car, though...
If you had a selling price of $46K (you need to know the selling price), the payment for a 39mo./12K lease would be $509/mo.+tax with only 1st payment, security deposit and title/license fees upfront.. (about $1400-$1500).
They can't got to .00075 for the money factor.. .0010 is the base rate.
regards,
kyfdx
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I am currently considering a 2006 4.8 X5. I love the car, but many experts (from various websites) are not much enthusiastic about it.
Any advice?
Buy what you like...
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Is there a place to look to get the current status of these or is this something each dealer plays with?. If there is a manufacturer special deal going on --- shouldn't we be able to get this information somewhere so we can make our own assessment of affordability instead of having to play the shell game with a dealer?
I am interested in which BMW models (in general and then specifically the X5 3.0 and 4.4) have the highest residual value after 3 years as well as what is the best money factor going. (Or does the money factor vary by model and used as an icincentiver disincentive to lease a particular model). Thanks if anyone can help with this...
36 mo/15k mi – 59% Residual Value – Money Factor .00100 Base Rate
'05 X5 4.4i Wagon
36 mo/15k mi – 59% Residual Value – Money Factor .00075 Base Rate
Add 2% to the residual for 12K mi. leases...
regards,
kyfdx
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thanks
I'm guessing that the aerodynamic kit would be expensive to add to a lease.. any time you have a dealer installed accessory, you usually can't residualize the entire cost..
If you order a car, you can lock in the lease rate.. it will be good until 60 days after the expiration of the current program.. (October 31st, in this case). The lease starts on the day you sign and take delivery of the car... 1st payment is due on that day..
These lease rates only apply to '05 models.. if you are ordering an '06 model, they will have different rates and residuals..
regards,
kyfdx
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MSRP $50,320
Invoice $46,085
Deal price $46,896
Down $1875
Accquisition fee $900 (NY)
Security $500
NY tax 8.625%
$494 per month includes tax
Thanks
Bret
Anyway, getting a BMW dealer down to invoice or below, without a specific dealer incentive on that particular vehicle has proven to be just about impossible..
That said, the X5 3.0 is not that good of a seller.. If you find the right dealer, you may be able to get $500-$1000 over invoice... That may take some major shopping around, though... I don't hear enough about the 4.4 model to have any sense of the market... though, I'm guessing that it won't sell as close to invoice as the base model.... When you get above $50K, most dealers seem to insist on at least a $2K spread between invoice and sale price..
But, the lease terms are very good...
regards,
kyfdx
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