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I got a fair deal on August 12 2005, for X5 4.4 lease for 39 month at 15000 miles/year, .20 after.
$700 a month. with zero down. no up front fee, only the first month and the security fee of $675.00 which you can get it back at the end of lease.
Here's what's on the paper,
4.4 v8, GPS Navigation, Cold weather package, 6-CD changer, Heated steering wheel,
sun roof, its like everything except the sport package.
That was in August, I went to 2 BMW Dealers in NY, one call Bayside BMW in Bayside, and the other one is Life Quality BMW in Brooklyn. I paid for deposit, and my applications went thru for an approval. but both of dealers wouldnt give me the car. They said all the X5 in the usa are sold out. Can you believe that, then I found out, starts September 1, the rate from BMW went up a lot. that's why they are holding the cars. so, I filed 2 complaints to consumer affair againt those 2. and, 2 days ago, I called the BMW of North America, they said the new program just started, that's why the rate is so high. The man told me to wait till the end of october, then the price will drop down to regular. Yesterday, Someone emailed me an internal memo regarding BMW's changing rates for September and November. I deleted my email already, otherwise I would email it to you.
remember, out of packet is $1475.00 when pick up a car. nothing down.
So, that's my story
Dr. William
How much under invoice should we be paying now?
Please like to find out the name of the dealership that you mentioned-above. It sounds like really a very good deal for no money down.
Did they give you a lease figure if putting $4K down/how much the month lease is for the same car?
Many thanks.
I have forwarded your info about getting the 4.4i to my BMW dealer;he said the number does not make sense? He said the deal is too good to be true but if you can provide me more info about the dealer so I can contact them. I don't care where I get the car but as long as it is a good deal. Please advise.
Thanks.
649 mo with at cap cost of 57000 msrp (59895) plus 825 bank fee that they are bumping the 200.
they lowered the payment by dropping 1985 off msrp and using a MF of .0011. Also provided me with 12k miles instead of the former 10k on a 39 mo lease.
given the new MF despite the incentives it seems like it may be my best deal now.
waddaya think? without your previous input, I wouldn't have gotten to where I am.
thanks again
I think, that even with the new dealer cash incentives, that it would cost more to lease this car under the September program..
$1400 due at inception, right? You better grab this.. $650/mo for a $59K car is pretty good.... It might be $100/mo. higher under the September program..
regards,
kyfdx
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MSRP = $43,670
Sales price = $39,770 (you pay $2,500 upfront plus they discount the car $1,400)
Residual = 57% ($43,670 X 0.57 = $24,892)
Money factor = 0.0012 (came from the X5 leasing forum)
Payment is $459.08 plus tax
The residual value is given in the ad (36 mos 10K miles) - I don't know what the money factor is for September but it was 0.00075 in August. Of course BMW dealers are known for bumping up their money factors so I would wait until I know what the official money factor is.
Now for the same car MSRP of $43,670 has an invoice of $40,030 less the $5,000 cash incentive or $35,030. So I might pay $36-36.5K.
The sales price should be $38,670 (you pay $2,500 up front plus they discount the car $2,500)
Payment is exactly $459
Below are the latest published rates that I came across for September to be applied by BMWFS.
X5 3.0i Wagon
24 mo/15k mi – 64% Residual Value – Money Factor .00280 Base Rate
36 mo/15k mi – 54% Residual Value – Money Factor .00280 Base Rate
48 mo/15k mi – 44% Residual Value – Money Factor .00280 Base Rate
60 mo/15k mi – 36% Residual Value – Money Factor .00280 Base Rate
I have the sales orders in my hand, remember I told earier that I went to 2 different BMW dealer. Because they promise they had instock, then turned none for me neither those 2 dealers, 1 in Bayside NY 11362, and the other 1 in Brooklyn NY 11214. I just don't know how to show them to you. This web site wouldnt allow me to post any email address.
Just wait til end of September and October. Price will come down. You will be suprised
2005 X5 3.0 - lease for $396 + tax 36mo/30K
MSRP of $45,020, selling price of $37,532 ($7,488 off MSRP or $1,272 above invoice after $5,000 cash back), cap reduction of $3,000 so total cap cost is $34,532
Using 57% residual and 0.0028 money factor I come up with a payment of $414.95. Not sure how they calculated the $396. Total drive off is $5,168 whcih includes $3,000 cap reduction, $450 security deposit, $625 acquistion, $396 first month payment and $697 of something else - maybe additional cap reduction?
And, using that factor, the numbers add up....
regards,
kyfdx
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The new rate for October is came from internal memo of BMW Usa. Hopefully every one will have what they want.
Thank you, Mark
We are considering two X5's with the same equipment (only difference is the non-metallic color).
They both have an MSRP of $48,470 (not sure if destination is included) and have the same equipement: Premium Package (W/On-Board Computer/leather), Rear Climate Package, Automatic Transmission, Xenon Adaptive Headlights.
Looking for a price to offer the dealer on a vehicle.
Thanks.
I'd ask for $8500 off MSRP, and settle for $8K off.... $1000 is plenty of profit on an '05 model.... that they are obviously trying hard to move...
regards,
kyfdx
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Thanks.
Here's the deal now. The dealer faxed over his invoice that totaled $44,700 including the MACO of $300 and Training Service Fee of $180. The same invoice reveals an MSRP of $48,470 including destination.
So now what should I offer. I offered $40K and he replied that it was unreasonable. How far off am I. BTW, it's Jet Black which is not a preferred color in the desert but it's the only one of the 5 left that doesn't MSRP for over $50K.
BTW, I haven't been on here for a while and noticed the HOST title - congrats!
I think you are within $500-$700 of a fair price...
Rather than offer a higher price, ask him what he thinks is reasonable, considering the $5K incentive....
regards,
kyfdx
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Since I'm going to lease one and they jacked the rate so high, I am going to wait until Oct. and see if things get better.
In fact, you should strive to have your upfront costs be as low as possible.. That way, you know exactly how much you are paying to rent the car...
regards,
kyfdx
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I was offered from one dealer (with the $5K incentive) invoice less $2,100. Not a good deal in my book as that's $2,900 for the dealer. Didn't get close with the other dealer either.
I'm very likely going to pass at this time since all the available X5's are black and that doen't suit me here in the desert.
I'm hoping they do what they did with the incentives earlier this year with the 3 series when the new one was coming out. Incentives were better in the early months on the '05 3's in Jan/Feb than they were in September of '04 (when I bought my 3). The only drawback to this is that there are no guarantees and the '07 X5 will be introduced later in the year than the '06 3 series was.
kyfdx, any opinions/insight on this strategy?
I'm shopping for a 2005 X5 with automatic transmission, premium package, xenon light, and navigation.
Any color except red/black/green would work.
How much off MSRP in the Los Angeles area should I expect? I've got a quote that's $6K off already.
When will the $5k incentive expire? I think it's a great time to find a bargain.
andy
I have a 2004 530 premium pkg. xenon, rear shades, auto, ready to trade in or sell privately if possible. Dealer in Maryland offered around $36,000 for the trade. The 2005 X5 3.0 has premium pkg., cold weather, leather, heated steering wheel,etc.
List is $49,720.00
Offer is $45,200.00
1. Is this a good deal?
2. Should I renegotiate and how much more?
Thank you for your reply.
Mlock6
I'd say the price should be $3K-$4K less, at least.... though, I have no idea what your trade-in is worth...
regards,
kyfdx
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How much did you pay for it finally?
Thanks
Thanks,
Mlock
I just offered a dealer $8k off an X5 with the same options + nav. over the internet. I will have to ship it though so add $500-700 for that. That will put me only a few hundred under your offer for total price, but they have not accepted yet. I doubt it would hurt to go for the extra $500, just depends on whether you are willing to walk away or if you really want that one.
Thanks for the info.
Mlock
The BMW X5 lease problem is back for the 2006 models. Just around $700.
Here's the details,
X5 4.4 with Navigation, CD Changer, Cold Weather Pkg, Premium Pkg, 36months.
15000 miles/year, no money down. only the first month and security deposit of $650.00.
Total out of packet $760 + $650+$110 mv fees = $1520.00.
I think this is good for most of us, just like I told every one in the begining of September.
Good luck every one.
Lease problem or lease program?
wrong typo.
"Programs"
The .00155 is marked up by the dealer. The base rate of .001 equates to 2.4% interest, the .00155 equates to 3.72%. BMWFS allows dealers a .0004 markup of the base rate and you can pay an additional .00015 to have the $625 aquisition fee waived. If you don't want to pay the aquisition fee up front then the .00015 is manditory I believe, but you certainly should be able to talk to them about the .0004 markup since it is all dealer profit.
The MSRP is always used to find the residual value in dollars. You still have to deal over the actual sales price of the vehicle. In a lease you are basically paying for the difference between the residual and the sales price, plus a rental fee (the money factor) for the use of it. Therefore, the sales price can make a lot of difference in your payment.
BMWFS Lease Programs – Effective 10/6//2005
2006 MODELS
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms
X5 3.0i Wagon
24 mo/15k mi – 64% Residual Value – Money Factor .00100 Base Rate
36 mo/15k mi – 57% Residual Value – Money Factor .00100 Base Rate
48 mo/15k mi – 44% Residual Value – Money Factor .00280 Base Rate
60 mo/15k mi – 36% Residual Value – Money Factor .00280 Base Rate
X5 4.4i Wagon
24 mo/15k mi – 61% Residual Value – Money Factor .00100 Base Rate
36 mo/15k mi – 57% Residual Value – Money Factor .00100 Base Rate
48 mo/15k mi – 40% Residual Value – Money Factor .00280 Base Rate
60 mo/15k mi – 32% Residual Value – Money Factor .00280 Base Rate
The dealer must lied to you. BMW F/S money factor is 0.00100 started October 1,2005.
I think you better look for another dealer, just fire the one asked.
Now, BMW may end the incentive, but in that case, almost every dealer will report their cars as sold on the last day of the program, and collect the incentive..
This isn't the case with lease and finance incentives... they can come and go monthly, depending on sales and inventory figures...
regards,
kyfdx
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I am ordering an X5 4.4i this week and have been searching for a decent deal. We currently own an '03 X5 3.0 that we pay $635/month on lease (36mo/10K/$2500 drive-off).
My local dealer was willing to discount a new X5 4.4i by $2000 off MSRP. I think that is pretty weak... especially after reading dealers have $5000 coming back. Now, I don't think the consumer is entitled to that money (maybe a bit of it), but I do think I should be able to get much closer to invoice!
Are there better incentives offered to cars that are ordered / traded / on the lot? My configuration (White/Truffle) may have to be ordered.
I am leaning toward selling our MDX and then going back. Have an extra car so it won't hurt to try. Figure that will put 2-3k in my pocket. Why is buying a car such a pain. :mad: