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2013 and earlier BMW X5 Lease Questions
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I'm interested in leasing a 2011 X5 35i, but my BMW dealer tells me that the lease MF and residual info for the car is not yet available. Is this right? Do you know the residual and current MF info for a 36 month lease of a 2011 X5 35i, at 12k miles/year and 10k miles/year. If so, are you able to calculate monthly payments based on a negotiated price of $62,025 and no additional cap cost reduction (i.e., drive-offs only)?
Thanks a lot for your help!!
Alpine White
Saddle Leather
Premium Package
Tech Package
Cold Weather Package
Rear climate
Roof Rails
Satellite Radio, I pod adapter
Comfort Access, All floor mats
Running boards
Here's the deal 36 months, 12k miles per year
MSRP 58,875 Negotiated price 55,450
MF 1.90 RESIDUAL 60%
2042.85 drive off, 789.01 per month
Taxes rolled in
Thanks,
Jeannine Fallon
Corporate Communications
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could you please help me once more... Can you please let me know what's the money factor and residual for 2011 X5 xDrive35i Base and 2011 X5 xDrive35i Premium for April delivery? I've seen 0.00255 MF and 63% residual?
Still have 3 months to go on my current car lease but not sure if the 2011's will be that much more and/or the RV & MF will change for the worse by May/June on the 2010's.
Thanks!
The residual value for a lease with only 12,000 miles per year would be 1% higher.
Car_man
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The truck that you're interested in probably has a spread of around $4,500 between its full MSRP and its dealer invoice price. You were quoted a $3,425 discount on it. That's probably around $1,000 over invoice, which isn't bad. You might be able to shave another couple hundred dollars off by comparison shopping, but this isn't a bad deal.
Car_man
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Car_man
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Car_man
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Thanks in advance!
VEHICLE: 2010
BMW X5 xDrive35d
COLOR: Alpine White
UPHOLSTERY: Black Nevada Leather
Base Price $51,300.00
0ZPP Premium Package 3,400.00
0328 Running Boards 300.00
0386 Roof rails 100.00
04AZ Dark Bamboo Wood Trim 0.00
06FL iPod and USB Adapter 400.00
Destination and Handling 875.00
TOTAL AS EQUIPPED $56,375.00
SELLING PRICE $50,875.00
Lease Terms
Lender BMW Financial Services
Term 36 Months
Mileage 12,000/year
Money Factor 2.7
Residual Factor 56%
Selling Price $50,875.00
Bank Fee $925.00
Total Capitalized Cost
$51,800.00
Residual Value $31,570.00
Total Depreciation $20,230.00
Capital Reduction ($0.00)
Monthly Depreciation $561.94
Monthly Rent $225.10
Monthly Payment $787.04
Tax (8.75%) $68.87
Monthly Payment + Tax $855.91
Capital Reduction ($0.00)
Cap Reduction Tax (8.75%) $3.94
License & Registration $696.75
Documentation Fee $45.00
First Payment $855.91
Security Deposit $900.00
Drive Off $2,501.60
Trade Equity $0.00
Rebate $0.00
Due at Signing $2,501.60
1) There is a $4500 rebate (eco-credit) on the diesel.. This means they are only giving you a $1000 discount from MSRP. I'll be generous to the dealer, and say you should get at least a $2000 discount (if not more).
2) The base acquisition fee is $725.. they are marking it up the maximum allowed ($200).
3) I'm not sure of the April lease program, but I think the base MF is either .0023 or .0024. Since your rate is .0027, I'm going to guess they also marked this up the maximum from .0023
4) In case you were wondering the CAP reduction tax is on the document fee, which is taxed.
So.. possible savings with some negotiation (or introducing some competition).
$1000 lower price
$200 lower acq.fee
$33/mo. lower money factor
Total savings over your quote: $80 mo. + tax = $87/mo. after tax
$769/mo vs. $856/mo...
That's what I would shoot for (if not even a little less). Cars that have $4500 rebates are evidently not moving that well... There is over a $5000 spread between MSRP and Invoice on this vehicle... My example only shows a $2K discount ($1K more than your deal). You may be able to get $2500 or even $3500 discount, with shopping, negotiation and competition..
Every $100 lower saves you $3.25/mo. including tax. When you start negotiating thousands lower, it really adds up. Also, lower payments mean less money due upfront in the lower first payment and lower security deposit.
regards,
kyfdx
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1) I have an offer for a 2011 X5 50i. $1,000 over invoice. Sounds like that is a good price based on what others' experiences are?
2) 36 month lease; 12,000 miles annually: Quoted money factor is .00215. Residual value of 62%. Good?
3) Any thought that the money factor will decline in the next 45 days? It is twice the level of what is available for 2010s, apparently.
4) Does BMW have incentives for returning lease customers? The salesman tells me that I won't have to pay another Acquisition Fee. I did not pay a Security Deposit last time and he says that I won't this time either.
Thanks again for your help.
Car: MSRP: 58125 (Base 47600, Cold Weather Pkg 1250, Premium 3400, Rear Climate Pkg 900, Tech Pkg 2800, Spare 150, Running Boards 300, Roof Rails 100, iPod&USB 400, Sat Radio 350, Dest 875)
Lease: 36mo, 10K/year
Monthly: 740.87 including NY Tax
Out of Pocket: 2922
Lease Details:
Buy Price: 53990.10
Adjusted Cap Cost: 56344.13
Out of pocket: 2922 (Capt Cost Reduction 76, 1st Mo 740, Sec Deposit 750, Reg Fee 295, Acq Fee 875, Doc Fee 185)
I am in the market for an X5 lease (my expedition lease is coming to an end). I am still on the fence about the diesel or petrol (worried about adblue costs and whether with gas prices will still save money) and am also wondering at this point is it better to lease a 2011 and build new (would be a 35d or 35i Premium). Here were the 2010 builds I put together. I was hoping someone could give me some idea on what would be a great deal on these here in CO. Last question, would the cold weather here in CO affect the diesel performance a lot ?
Thanks all in advance for any help you can give me. My current lease ends in June so need to get something rolling soon:
X5 35d
Base MSRP $51,300
Alpine White $0
Sand Beige Nevada Leather $0
Dark Burl Walnut wood trim $0
Premium Package $3,400
Rear Climate Package $900
Sport Activity Package $2,200
• Multi-contour seats
$900
Technology Package $2,800
Heated front seats $500
Roof rails $100
Running boards $300
Smartphone Integration $150
iPod and USB adapter $400
Aerodynamic Kit $1,211
Destination & Handling: $875
Total MSRP as Built $65,036
X5 4.8i
Base MSRP $56,300
Alpine White $0
Sand Beige Nevada Leather $0
Dark Burl Walnut wood trim $0
Premium Package $2,200
Rear Climate Package $900
Sport Activity Package $2,200
• Multi-contour seats
$900
Technology Package $2,800
Heated front seats $500
Roof rails $100
Running boards $300
Aerodynamic Kit $1,211
Destination & Handling: $875
Total MSRP as Built $68,286
1) $1,000 over dealer invoice sounds reasonable for a 2011 X5 to me, though you might be able to shave a couple hundred dollars off of that if you are in an area that has a decent level of competition and you shop around.
2) The money factor ad residual value that you were quoted look good.
3) BMW's current lease program is scheduled to run through April 30th. It's difficult to say what its MAy lease program for this truck will be like, but if you're not in a hurry I don't think that you have anything to lose by waiting to lease a 2011 model. While BMW has a decent level of lease support on 2010 models, its programs on 2011 models aren't really that great yet.
4) BMW is providing special lower money factors on certain 2010 models for loyal customers (1- & 3-Series), but it does not have any loyalty programs on 2011 models yet.
Car_man
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Thanks in advance!
VEHICLE: 2010
BMW X5 xDrive35d
COLOR: Alpine White
UPHOLSTERY: Black Nevada Leather
Base Price $51,300.00
0ZPP Premium Package 3,400.00
0328 Running Boards 300.00
0386 Roof rails 100.00
04AZ Dark Bamboo Wood Trim 0.00
06FL iPod and USB Adapter 400.00
Destination and Handling 875.00
TOTAL AS EQUIPPED $56,375.00
SELLING PRICE $50,875.00
Lease Terms
Lender BMW Financial Services
Term 36 Months
Mileage 12,000/year
Money Factor 2.7
Residual Factor 56%
Selling Price $50,875.00
Bank Fee $925.00
Total Capitalized Cost
$51,800.00
Residual Value $31,570.00
Total Depreciation $20,230.00
Capital Reduction ($0.00)
Monthly Depreciation $561.94
Monthly Rent $225.10
Monthly Payment $787.04
Tax (8.75%) $68.87
Monthly Payment + Tax $855.91
Capital Reduction ($0.00)
Cap Reduction Tax (8.75%) $3.94
License & Registration $696.75
Documentation Fee $45.00
First Payment $855.91
Security Deposit $900.00
Drive Off $2,501.60
Trade Equity $0.00
Rebate $0.00
Due at Signing $2,501.60"
Not a good deal at all. My 2011 35i came in at just under $58k, 36mo with 10k/yr.
Final cost is $817/mo with taxes included, $0 down, $1200 out the door.
How easy or likely is it to purchase X5 at end of lease term at a discount from the residual value, and will BMW financial finance it?
thanks
Leasing is tougher than buying when credit issues are involved. Good luck.
BMW does run official early lease termination programs for time to time where it will waive the remaining payments for returning lessees. While I am not aware of any such program right now, it is possible that BMW is indeed running one. Ask a dealer to find out for certain. Just make sure that BMW FS is actually waiving your payments and the dealer is not just making them for you. The latter will have a negative impact upon your ability to negotiate the best possible deal on your new lease.
Most banks will not negotiate the end-of-term purchase option prices of leased vehicles. Having said this, they will occasionally do so so it never hurts to ask. Place a call directly to BMW FS and see what they can do for you. If your initial contact there isn't willing to negotiate, try working your way up the ladder to a manager. That sometimes will yield better results. Again, more likely than not they won't lower your vehicle's price but you don't have anything to lose by trying.
Car_man
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Wife and I are deciding on an X5 3.5 and was wondering if anyone in the Chicago area used the Costco Auto program prior to negotiating more? Trying to determine if it's worthwhile joining Costco or not.
Thanks!
I was wondering if someone could tell me if this is a good deal, and if not, what we should try to negotiate. Here it goes:
2011 X5 in Sparkling Bronze, Sand Beige Nevada Leather
Convenience Pkg
Tech Pkg
Running Boards
Heated front seats
Bluetooth
Satellite radio w/1 year sub.
Rear Seat Entertainment
Total as Equipped: $60,875
Destination and Handling $875.00
MSRP $60,875.00
Residual %: 62.00%
Residual Value: $37,742.50
Cap Cost: $57,375.00
Bank Fee $725.00
Adjusted Cap Cost: $58,100.00
Rate: 0.00230
Total Monthly Payment: $862.54
Base Monthly Payment: $785.91
Use tax: $76.63
DMV Fee $746
Doc fee: $45
California Tire Fee $7.
Amount Due at Start: $1,664.93
36 months/12 k per year
or if we put $5,000 down our total monthly payment is $759.12 incl tax
Any thoughts would be appreciated
2010 X5 3.0xdrive Monaco Blue, 36 months 15k mile/year
MSRP: $59175
Cap cost: $57000
MF: 0.0023
Residual: 60%
Plus 8% Sales Tax (Due upfront, stupid state): $4560
$5k cash due at signing (which I assume includes sales tax)
$895 a month
How is the dealer coming up w/ something close to $900/month? Assuming tax comes from $5k due at signing, I am only coming w/ lower 800s/month. Dealer won't say how they calculated figures (shady?)
Hope someone can verify my suspicion
Seems like you got a fair deal however as my post stated, my state (IL) requires sales tax upfront. An ideal comparison would be from someone who leased from a similar state (Texas, Ohio, Illinois, etc) versus another state where taxes are rolled into the monthly payment.
PS: Not sure if you're insulting me or not, but your condescending "kid" attitude toward me is not appreciated.
Taxes:
- I think the difference b/w IL and other states is that you are taxed on the value of the car (as opposed to just lease payments), but I am pretty sure that you can still roll your sales tax into the lease ("capitalize" it)
- In Chicago there's also an additional tax on each lease payment
Amount due at signing: I doubt that it includes sales tax since the inception fee and security deposit is 750 (for non-bmw customers) and 875... So it's not clear what the dealer is doing
Money Factor/Residual: I've seen different numbers on the internet, you may want to double-check yourself. Dealer can mark-up money factor!!
In any event, if he's not willing to give more information, he seems to be into game playing
Thanks for the clarification! I know IL is crazy in that sales tax is applied to the entire car (versus per payment), but I'm still hearing conflicting rules whether tax is paid upfront or not (it's all hearsay since all but 1 dealer have stated tax is upfront). Need to consult my state's books to find the truth...
I'm glad you confirmed my suspicions; for the life of me I could not come up with the inflated numbers my CA quoted! Not to mention they based the MF on 0.0023 for a '10 X5 3.0, which is much higher than the base 0.00175 listed on ridewthg.com. Compounded with the inflated monthly, I didn't take the deal even if it was one "I couldn't refuse."
2. X5 money factor for a 36 month lease on a 2011 50i is about .00215.
thanks in advance.
If the dealer would have disposed of my ML350 with 4 months left on the lease, I would have done the deal, but he said I'd have to get rid of it myself. Couldn't justify the $2300 loss for my impatience.
The offer (without having to work) was 2k off MSRP, 63% residual but a questionable 0.00264 factor for 36 months (12k miles). More reasonable terms were offered, but I decided not to keep working because I didn't want to deal with the ML.
CAR_MAN, do you have any official info regarding the money factor for the 2011's? Knowing that Audi has a 0.00101 rate gives me some pause about a factor that is more than double, since Audi's Q5 is supposedly in high demand, yet has the low rate.
Based on the residual for the BMW, it's almost the same payment on a Q5 with its 49% residual, even though the vehicles are $18k apart (as I want configured).
Thanks,
Here is the link. http://www.ridewithg.com/index.php/2010/05/2011-bmw-x5-x6-z4-7-series-lease-rate- s-may-2010/
I think the salesman is trying to make a couple more bucks on you by charging you a high money factor.
Also, I think the first shipment is loaded with all options. $62K seems high for a 3.5i X5. The 2010 3.0i X5 is listed mostly at low to mid $50K. I am also looking at the 2011 X5 3.5i but with only the Premium & Technology, 3rd row seat package. Hoping for a better deal somewhere in S. CA
Guess I have to wait until the early rush is over.
Car_man
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I drive less then 10k/year and would like to do a 36m lease. Can anyone tell me a good money factor I should be looking for from a BMW dealership and what is the residual cost when leasing 36month 10k/year? How much over invoice are you getting your 2011 x5?
The Dealership did quote me $2500 off MSRP plus the $4500 eco credit , is that fair? I offered $3500 off today
I will be leasing it at 10k miles per year. Can you help me out with the residual and money factor? Plan on putting down 10k as cap reduct
thanks
email address?
Thanks