Hi bimmerbanker. I know that BMW Financial Services' top two credit tiers qualify for its best rates, but I'm not sure exactly what the cut off is in terms of credit score. I'll try and find out for you. I think that anything over 700 is in good shape in terms of qualifying for the best rates.
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Was just advised that BMW now giving credit for Navigation of $1,730. You want to make sure that you are getting that credit in your payment. If not, your payment should drop by another $48 a month ($1,730/36), plus any taxes you were paying on it.
I'm putting $5,600 down.. this is my first lease.. I didn't know about the navi credit but will bring it up to the dealer. Does anyone know the MF or Residual for this vehicle?
Thanks for the advise, I may revise the amount down. I spoke to the dealership and the finance guy mentioned a loyalty MF rate of .00195 and a residual of 60% for Sept. Are these good numbers?
He didn't think the navi credit pertained to the X5 models, I plan to follow up with the Sales guy.
Hi isingh. Banks' residual values are basically set in stone. BMW FS' current buy rate lease money factor and residual value for a 36 month lease of a 2011 X5 35d with 12,000 miles per year are .00195 and 53%, respectively for consumers who qualify for its top credit tiers.
The numbers for an otherwise identical lease of an '11 X5 Premium are .00195 and 48%.
If you are a loyal customer, these trucks' money factors would be .00030 lower.
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Here's the information that you're looking for ex_sc400. BMW Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2012 X5 Sports Activity with 12,000 miles per year are .00195 and 57%...just as you were quoted.
The residual value for a lease with only 10,000 miles per year would be 1% higher.
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Hi gregga. BMW Financial Services' current 36-month buy rate lease money factor for the 2012 X5 is .00195.
This truck's residual values vary by trim level. Its 36-mo., 15k resids are 52% for the 35i Base, 56% for the Premium, and 55% for the Sports Activity.
The X5's money factors are .00030 lower for loyal customers.
BMW is currently providing a $1,730 cash incentive on '12 X5 models with navigation and $1,000 on models without it.
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Not true. You can negotiate on the residual value when the lease is over. However It is up to BMW to allow the discount. When the lease ended on my 330i ZHP, I asked for 2k discount, and BMW allowed the discount.
So if I am a loyal customer (my current 2008 X5 lease will be up on 10/31/2011), the rate should then be 0.00195-0.00030=0.00165?
With the nav incentive, the "actual" invoice would be the original invoice subtracted by $1730 then? I would like the bottomline number for negotiation.
I have been reading about credit for navigation system. i just leased an X5 one month ago and am not sure if this applies or not. Please explain. Thanks,
Yes BMW will give you 1730 credit for having navigation even in a package like convenient package. I asked few dealers in the bay area and they have confirmed this. So you should be getting $4K plus $1730 off MSRP for a good deal on 2012 especially now the Mercedes ML is out with new model which will take a bite of X5 sales.
My current BMW x5 lease dealer offered to take me out of my 8 months remaining 2009 lease term and lease me a new x5 d35 premium 2012 with the following terms:
Convenient Package MSRP: $59.175 36 months, 10k miles RF=59% ???? (not sure) MF = 0.00155 (BMW Loyalty rate) 8 months remaining lease of $656 = +$4529 Security Deposit = -$749 Sale price = $56,000 ??? (I need to verify it)
New 36 payments of $727
I still need to pay the taxes and bank fee upfront for $3450
Please let me know if I'm getting a good deal. Also, is it good to get out of the lease as early as 8 months?
Hi, can you please give me soemo idea if this is a good deal: X5 35i Premium Convenient package Cold weather 3rd row seating running board MSRP= $61925
12k/year, 36 months. (Residual value is 0.59, I think?)
Loyalty discount = $1000 (should it have been 1750??) Out of pocket= $4100 (including NY tax, title etc)
Can someone tell me what is the residual value and money factor for 2011 X5 Diesel is for 36 months 15000 miles is? I have a following quote, your expert advise will be greatly appreciated.
MSRP 63,300 Few $$ less or more
Quote 52,500 + taxes and fees. sales tax is 3%.
What is the best lease deal 24 or 36? Can i lease for 27 or 33 months? I will be leasing with Zero down payment. what other fees should i pay? Can some one provide me the monthly payment based on the info. I've provided ?
Hello Car man, Anyone, This is what I have Received from BMW dealer ship i am working with. Money factor is higher when compare to post # 1668. Is it possible each dealer ship uses their own R V.-M F.? Can some one please give me the real R V - M F.? I am planing to lease 2011 X5 Diesel for 36 Months 15000 miles/Year. I like to close the deal Tomorrow.
The 36 month residuals are 51 % for 15K per year, 53 % for 12K per year, and 54 % for 10K per year
The 42 month residuals are 46 % for 15K per year, 48 % for 12K per year, and 49 % for 10K per year.
Looking for the current lease rates (residual & money factor) for the 2012 X5d - interested in a 36mo lease with 12K miles/year. Any help would be appreciated - thanks!
Its not bad but you can do better Its a 58% residual for 36 months with a .00195 money factor and .00030 reduction for loyalty bringing it to .00165. Find the right dealer and they will sell about $750 behind invoice plus the $1,730 navigation credit. With an M.S.R.P. of $61,925 the selling price should be about $55,110.00 bringing your monthly payment to $679.00 with just a hair under $4,100 out of pocket. Let me know how you make out good luck!
2012 BMW X5d - 54% residual for 36 months and .00195 money factor, if you have BMW loyalty the money factor becomes .00165. Remember $2,500 ECO credit and $1,730 credit for navigation.
Your residuals are correct - the money factor is .00195 across the board, they are marking it up for added profit. Remember the $3,500 ECO credit and $1,730 for navigation. On a 2011 you should be getting the car about $1,500 behind invoice plus the ECO credit and Navigation credit. You should make sure the bank fee is only $725, if their marking up the money factor they usually mark up the bank fee as well. Look to get 7% off M.S.R.P. minus $1,500 and then the 2 credits. Good Luck!
Thank You insidecarbuy. I have negotiated a good deal as far as price of the car is concerned,It's the lease aspect of the deal that they're trying to fool me.If they don't come around I will not lease. My latest numbers.
That's not what the person was asking, cavallorosso. They wanted to know if the residual value that is used to calculate vehicles' lease payments is negotiable. It is not.
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Congratulations on getting your new X5, isingh. Thanks for taking the time to share the details of your lease with everyone. Real world examples like this are always helpful to others who are in the market for similar vehicles.
Enjoy your new ride :shades: !
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36 month term with 12,000 miles/year mileage Base payment $629.72 + 44.08 tax = $673.80 per month with total of $5529.78 due at signing.
$5529.78 Initial payment upon delivery including down money, lease fees, taxes, license, registration - the breakdown: $3000.00 cap reduction $673.00 first payment $646.00 up front fees $284.98 up front taxes $925.00 other up front charges
Term totals: $17212.75 Depreciation 5457.24 Rent/lease charge 1586.88 Total monthly tax $24256.80 Total of Payments
This is little confusing please forgive me for the long post. I was working on this deal as i have posted before #1667 and #1684. MSRP $ 63525 Dealer and i had agreed to a sale price of $ 52000. With my 2009 Acura MDX trade i was given $ 35000. I told dealer i was going to lease the car for 15000 miles per year for 3 years with No down payment.They wanted to charge me .00235 money factor. Thanks to this forum i refused, Two days later salesman called me and asked me what was the problem? I said the problem was the M/F.5 min. later manager called and we were at .00195.HE said payment would be $770 i had calculated at this site earlier it came out to be app.$795 within $15 to 25 range plus or minus.When i went to the dealership they changed the numbers to sale price of more than $53000 but my bottom line numbers remained the same $770.51 x 36.I did not care how they played with numbers as long as i was not paying more than $ 770.51. It gets interesting they put my trade allowance at $37000. They gave me $35000 and put $2000 towards 1st payment and other fees. Do you think i got a good deal?
Thank you for the inormation. It seems that I should be close to the figure you mentioned for the car below, if I were to receive the Nav credit ($1730). I 'booked' my X5 on September 3 with $500 deposit, BUT the dealer never mentioned the Nav credit. :mad:
MSRP= $61925 -12k/year, 36 months. (Residual value is 0.59, I think?) -Loyalty discount = $1000 -Out of pocket= $4100 (including NY tax, title etc) -Lease payment= $717/month *PLUS Nav credit = -$1730 or -$48/month ($717-$48/month= $669/month)
So my main question is that if I already paid a deposit in September, can I still ask them for the Nav credit? Thank you.
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Also, is the residual percentage negotiable? I've seen some posts on this forum for the diesel at 53%, while others at 59%...
Thanks a ton.
What's the residual and MF for 2012 X5 Sports Activity for
1) 12k/36 months
2) 10k/36 months
I got a quote (9/6/2011, today) for MF 0.00195 and residual 57% for 12k/36 months.
Thanks.
MSRP 60,975.00
Selling Price $57,715.00 (plus taxes)
WH/Oyster
Convenience Package
Premium Sound Package
BMW Apps & Running Boards
10K / 3 Years
The dealer has mentioned a payment of $695 but not disclosed the MF or Residual yet. I should also qualify for the loyalty program.
Any thoughts?
Thanks.
Did you get credit for the navigation?
A good deal is usually more than 4k bellow MSRP.
Thanks.
He didn't think the navi credit pertained to the X5 models, I plan to follow up with the Sales guy.
Does anyone know if BMW FS negotiate end of lease payoff or they basically ask for the residual value?
The numbers for an otherwise identical lease of an '11 X5 Premium are .00195 and 48%.
If you are a loyal customer, these trucks' money factors would be .00030 lower.
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The residual value for a lease with only 10,000 miles per year would be 1% higher.
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This truck's residual values vary by trim level. Its 36-mo., 15k resids are 52% for the 35i Base, 56% for the Premium, and 55% for the Sports Activity.
The X5's money factors are .00030 lower for loyal customers.
BMW is currently providing a $1,730 cash incentive on '12 X5 models with navigation and $1,000 on models without it.
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When the lease ended on my 330i ZHP, I asked for 2k discount, and BMW allowed the discount.
With the nav incentive, the "actual" invoice would be the original invoice subtracted by $1730 then? I would like the bottomline number for negotiation.
Thanks so much in advance.
i just leased an X5 one month ago and am not sure if this applies or not.
Please explain.
Thanks,
I leased mine a month ago.
Thanks
My current BMW x5 lease dealer offered to take me out of my 8 months remaining 2009 lease term and lease me a new x5 d35 premium 2012 with the following terms:
Convenient Package
MSRP: $59.175
36 months, 10k miles
RF=59% ???? (not sure)
MF = 0.00155 (BMW Loyalty rate)
8 months remaining lease of $656 = +$4529
Security Deposit = -$749
Sale price = $56,000 ??? (I need to verify it)
New 36 payments of $727
I still need to pay the taxes and bank fee upfront for $3450
Please let me know if I'm getting a good deal. Also, is it good to get out of the lease as early as 8 months?
Thanks
White/Oyster
Premium pkg
Conveinant pkg
Running boards
BMW apps
X5 35i Premium
Convenient package
Cold weather
3rd row seating
running board
MSRP= $61925
12k/year, 36 months. (Residual value is 0.59, I think?)
Loyalty discount = $1000 (should it have been 1750??)
Out of pocket= $4100 (including NY tax, title etc)
Lease payment= $717/month
Thank you,
Joe.
2011 X35d - premium + tech + heated front seats + ipod. MSRP 59,875.
Cap cost reduction 1,188
Gross cap cost 50,839
36 months, 12K miles per year
Residual value 31,733 i.e 53%
Money factor .00185
Payment = 669.75 + tax = 725 per month
Total drive-off including first months payment, all fees, taxes = $2500
MSRP 63,300 Few $$ less or more
Quote 52,500 + taxes and fees. sales tax is 3%.
What is the best lease deal 24 or 36? Can i lease for 27 or 33 months? I will be leasing with Zero down payment. what other fees should i pay? Can some one provide me the monthly payment based on the info. I've provided ?
The 36 month residuals are 51 % for 15K per year, 53 % for 12K per year, and 54 % for 10K per year
The 42 month residuals are 46 % for 15K per year, 48 % for 12K per year, and 49 % for 10K per year.
The money factor is .00235.
59% residual 10K
MF between .00195 and .00235
Other than taxes, my cap reduction is about $1400.
So with that, is $717/month OK for 36month/12k lease?
Looking for the current lease rates (residual & money factor) for the 2012 X5d - interested in a 36mo lease with 12K miles/year. Any help would be appreciated - thanks!
MSRP 63525
Selling price 53000
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Enjoy your new ride :shades: !
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Monthly Payment including Tax: $820
Cap Reduction/Fees/Drive Off/First Month: $5000
MSRP $66,875
Car Details:
2011 BMW X5 35d
Technology Package
Sport Package
Sport Activity Package
Premium Package
Premium Sound Package
Running Boards
BMW Apps/Smart Phone Integration
20" Y-Spoke Wheels
Comfort Access
Heated Front Seats
Keyless Entry/Start
Rear Climate Package
Roof Rails
Msrp $49975.00
$47000.00 Selling price
699.00 Dealer fee
$47699.00 Gross Cap cost
$27486.25 Residual
36 month term with 12,000 miles/year mileage
Base payment $629.72 + 44.08 tax = $673.80 per month with total of $5529.78 due at signing.
$5529.78 Initial payment upon delivery including down money, lease fees, taxes, license, registration - the breakdown:
$3000.00 cap reduction
$673.00 first payment
$646.00 up front fees
$284.98 up front taxes
$925.00 other up front charges
Term totals:
$17212.75 Depreciation
5457.24 Rent/lease charge
1586.88 Total monthly tax
$24256.80 Total of Payments
Help appreciated.
I was working on this deal as i have posted before #1667 and #1684.
MSRP $ 63525 Dealer and i had agreed to a sale price of $ 52000. With my 2009 Acura MDX trade i was given $ 35000. I told dealer i was going to lease the car for 15000 miles per year for 3 years with No down payment.They wanted to charge me .00235 money factor. Thanks to this forum i refused, Two days later salesman called me and asked me what was the problem? I said the problem was the M/F.5 min. later manager called and we were at .00195.HE said payment would be $770 i had calculated at this site earlier it came out to be app.$795 within $15 to 25 range plus or minus.When i went to the dealership they changed the numbers to sale price of more than $53000 but my bottom line numbers remained the same $770.51 x 36.I did not care how they played with numbers as long as i was not paying more than $ 770.51. It gets interesting they put my trade allowance at $37000. They gave me $35000 and put $2000 towards 1st payment and other fees. Do you think i got a good deal?
It seems that I should be close to the figure you mentioned for the car below, if I were to receive the Nav credit ($1730).
I 'booked' my X5 on September 3 with $500 deposit, BUT the dealer never mentioned
the Nav credit. :mad:
MSRP= $61925
-12k/year, 36 months. (Residual value is 0.59, I think?)
-Loyalty discount = $1000
-Out of pocket= $4100 (including NY tax, title etc)
-Lease payment= $717/month
*PLUS Nav credit = -$1730 or -$48/month ($717-$48/month= $669/month)
So my main question is that if I already paid a deposit in September, can I still ask them for the Nav credit?
Thank you.