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2013 and earlier BMW X5 Lease Questions
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if you have to borrow monwy the rates for lending for purchase are better than for lease at BMW i't like 4% vs 6%
Looked at the national advertisement lease offer (includes $2500 holiday credit) with MSRP 52,225. Anyone know if there is more negotiation room in this deal? What are chances of negotiating lower? Anyone succeed and by how much?
Dealers claim 6 to 8 weeks from order to delivery. Is this time estimate accurate and reliable? If not, how much time should I assume is more realistic?
T.I.A.
Here is the offer I am getting for a 2010 BMW X5 xDrive30i
with
Premium Package
Rear Climate Package
Technology Package
Running Boards
Roof rails
iPod and USB Adapter
MSRP is $56,225.00
Dealer is willing to sell for $53,280.00
Looking to lease for 3yrs/12k miles per year.
He has quoted me Down payment 6000 + 2500 bmw credit = 8500 total
Monthly Payment $611.32 without tax = $670.92 with tax (LA area)
Is this a good deal? I am not to good at all with negotiating so any help would be great...
Thanks!
msrp is 54,075.
cold weather package
premium package
rear climate package
iPod and USB
lease is 36m/10k.
payment $600/m and $1500(1st payment, bank fee, DMW fee)
Is this a good deal? Thanks
MSRP: 62,825
Eco Credit from BMW $4,500
Dealer Discount $2,500
Until here it looks reasonable ($55,825) if I compare with Edmunds TMV ($56,518). However to get to cap cost, the dealer also adds the following:
Acq fee: $925 (which from what I read BMW FS charges $725 for the X5, meaning the dealer is marking it up by $200)
Dealer fee: $549 (this one I have no idea if its legit or just another way for the dealer to get profit back would like feedback from the experts out there).
With a $2,500 down payment my cap cost ends at $54,699 which with a 36 term (12,000 miles) and a money factor of 0,0025 works out to a $754+tax monthly payment. So after all this, is this a reasonable offer and specifically your thoughts on the acq fee mark up and the infamous "dealer fee"?
Also, upfront out of pocket has been itemized by the dealer as follows:
$2,500 down payment
$ 800 Security Deposit
$ 200 Tag Transfer
$ 799.22 first payment
$ 150 taxes on cap cost (this one I still don't get and maybe you can help me understand it, as I see it taxes on cap cost are being paid by taxing the monthly payment)
Would appreciate your feedback on this, as I said I am a rookie at this lease thing.
Thanks and happy holidays.
I was just quoted a money factor of .0024 and a residual value of 60% for a 2010 x5 4.8 with 3 yr/12k miles per year.
Is this reasonable?
the other thing I don't quite get from this thread is are dealers selling X5s for a certain markup over invoice minus the rebate? In other words, is anyone getting deals (including the holiday credit) that gets them the car AT true invoice or very close?
TIA
1) The acquisition fee is marked up the maximum $200 that BMWFS allows.
2) The dealer fee of $549 is pure extra revenue for the dealer..
3) Cap cost reductions paid upfront reduce the monthly payment by a similar amount, lowering the tax collected on the payment... Almost all states collect sales tax on upfront payments (including the acquisition fee).
Chances are, you won't be able to get the dealer to waive the dealer fee and/or the bump in the acquisition fee. I don't know the money factor on the X5 diesel, but if they are bumping the acq.fee, they usually are bumping the MF, as well... Your negotiation point is probably to get them to lower the price of the vehicle, rather than eliminate or reduce the fees. ("When we agreed on a price, I didn't know you were going to stick me with $750 extra in fees... I want more off!")
Good luck!
kyfdx
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Thanks again.
- Premium Package
- Premium Sound
- Sport Activity Package
- Roof rails
- Rear Seat Entertainment
- Heated Front Seats
MSRP of $65,725 (which includes $825 destination fee)
The quote I got is $59,320 (which includes the $2,500 holiday rebate, plus MACO i/a/o $200, Dest Charge i/a/o $825 and Training/Svc fee of $180).
I calc'd my lease pmt to be $789+tax and title.
Ok deal?
MSRP: $78,475
Cap cost: $71,365 (neg. price)
MF: 0.00200
Residual: 57%
36 month, 15k/year
lease inception fee: 725
deposit: 1000
$1040/ month ( tax in), no down payment. Drive off of: $3000
What do you guys think? Decent deal?
http://www.ridewithg.com/index.php/2009/12/2010-bmw-x3-x5-x6-lease-rates-decembe- r-2009/
Money Factor 0.0025
Residual for 36 mo. 15k/yr is 55%
I would love to have the residual for 36 mo. 10k/yr if anyone knows what it is for 2010 35d.
Thanks.
2010 X5 4.8
Premium Package
Premium Sound
Sport Activity Package
Rear Entertainment
Heated Front seats
Roof Rails
MSRP: $65,725
Dealer quoted me the following:
MF: .0024
RV: 60%
Selling Price: $61,820 minus $2,500 holiday rebate to total $59,320
Acquisition fee: $925
No downpayment
The dealer basically quoted me invoice + $1400 before rebate and acquisition fee.
Lease Pmt + Tax/tags = $937 (in MD, sales tax is added to the value of the car's selling price, and not the lease pmt).
Walk off with first pmt + $950 deposit.
Is this a good deal?
The $2,500 Holiday Credit that BMW was providing on this truck in December is no longer available.
Car_man
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The residual for a lease with only 10,000 miles per year is 1% higher.
As you may already be aware, BMW is providing a $4,500 cash incentive on purchases and leases of diesel X5s.
Car_man
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a) I should just do this deal
b) wait for xdrive 50i
c) I should do this deal but wait for Feb incentives to order my xdrive48i.
Any advice or opinion is welcome. Do all dealers charge same MACO?
You should be able to lock in your deal now, and it should be good until the end of March. Additionally, your dealer can change to the February or March plan, if that would benefit you, at that time (keep in mind, the incentives, money factor and residual are all one program.. you can't pick and choose each term, each month..)
So, if you have a great deal now, I certainly wouldn't wait for February... If the good deals are gone, you'll miss out.
regards,
kyfdx
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Premium Package
Rear Climate Package
Sport Activity Package with 20" Light-alloy wheels and Comfort Seat
Comfort Access keyless entry
Head-up Display
Heated front seats
Roof rails
Running boards
Destination
MSRP of $70,325
Invoice of $64,545
I had two dealer working on it just to have two price points.
One has it at $800 over invoice + 400 for MACO.
Other said he would do $600 over + 400 for MACO.
I am sure the first guy will match.
So basically $1000 over invoice for 30 mos MF of 0.00150 (that I may reduce with additional security deposit) and 64% residual (10k mi a year). Payment comes to approx $925 a mo with NY taxes included. I just have to decide if I want the Comfort Access keyless entry and Head-up Display. I think it may bother me a bit that the x50i will come out soon but I think it wont be sold so cheap over invoice and financing wont be great or a while. Does anyone have an opinion on the keyless and the HUD?
Thanks.
2) The whole fob/pushbutton start thing is ridiculous... the only way it starts to make sense is for the comfort access... I'd get it..
3) No opinion on the HUD... never really had a chance to try that out...
4) Make sure you get your quotes in real dollars before committing... Dealers sometimes have strange ideas about what constitutes "invoice".
Good luck!
kyfdx
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But, you are shooting for the lowest price.. Don't assume that one dealer's $700 over is cheaper than another dealer's $1000 over.. Build the exact vehicle you want, then compare the exact price given in actual US$.. Not, in some amorphous invoice + $xxx that might not turn out to be what you think.
regards,
kyfdx
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Vehicle Price: $58,875.00
Customer Rebate: - $4,500.00
Selling Price: $54,375.00
Sales Tax (estimate): + $4,725.06
Tag/Registration Fees (estimate): + $194.00
Documentation Fee: + $154.38
Electronic Filing: + $25.00
Balance Due (estimate): $59,473.44
LEASE OPTIONS
Cash Due 36 months 42months
$1,500 $1018 $997
looks on the high side for me. any remarks?
My best offer on X5 is ranging from $2500-$3000 below invoice after the Eco Credit ($4500). I'm in So. Cal.
where are you?which dealer did you go to?
Good Luck!
Premium pkg
Rear Climate pkg
Technology pkg
Comfort Access keyless entry
3rd row seat
ipod and usb adapter
How much can i pay for this and also what are the prevailing lease rates for 15k mile/year for a 3 yr lease and what is the residual value.
sport package 20 inch rims
tech package
premium package
climate package
heated seats
moonroof
msrp 69,950 or so
residual 61%
2600 down payment total out of pocket
900 per month tax included in Florida
36 month 10k
As far as this vehicle's current lease program goes, if you were to lease a 2010 BMW X5 3.0 through BMW Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00175 and 58%, respectively.
Car_man
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(X5 3.0, Premium, 3rd row seats, backrow climate package, ipod, heated seat, Sat Radio, running board)
MSRP: 56,135
Purchase Price: 52,535
Residual: 60% (3 year, 12k/year)
Money Factor: 0.00126 (0.00175 minus 0.00049 because of 7 Security Deposits)
Bank Fee: 795
Monthly Payment: $633
Monthly Payment After Tax: $688
Total out of Door: $2250 ( 1st Month, Bank Fee, Registration/Government Fees)
I think I did OK. The car got almost all the options I need and nothing else. I got 3600 off MSRP, the dealer didn't markup money factor or Bank Fee. Without the 7 Security Deposits, the monthly payment will be $46 higher.
Enjoy your new ride :shades: !
Car_man
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what are the BMW's March residual and money factor for 36mo/10K lease on 2010 X5 3.0? Any cash incentives due to upcoming 2011 X5? Looking to lease in the NYC area.
BMW is not currently providing any cash incentives on leases of this truck.
Car_man
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Here is what I am getting ... the dealer does not believe that the march MF from BMW FS is .00175 as indicated by car_man.
Is this a good deal?
msrp......57375.00
sale.......53225.00 (This is what I could negotiate to)
36 months
60% residual
.0022500 money factor
12000 miles per year
646.00 per month
The total out of pocket first month pmt+tax(2076)+down pmt(2500) and other fees is coming out to be 6626.00
The dealer knows what the rate is.. He is marking it up for extra profit on your deal... If he isn't being upfront about that, I'd look elsewhere (which I would do anyway.. if he won't give you the buy rate on the MF).
regards,
kyfdx
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Thanks again!
What are the March MF for the 2010 X5 35d? Also what is the published residual on this car? Looking for a 3 year 36,000 mile lease.
Car_man
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Car_man
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Car_man
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