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2013 and earlier BMW X5 Lease Questions
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Comments
Thanks Car Man!!
Can you provide the MF and Residual for a 24 month lease of an Z5 35d @ 12k/mi/yr and 15k/mi/yr?
Thanks!
Hi, Please confirm my #'s I got from my Massachusetts BMW store, I'm very interested in geting this truck, the pros and cons: better value or (much) better engine.
2012 BMW X5 Diesel SUV
36/15k – Residual 56% .00185 M.F.
April-$3.5k credit can be used for leasing ? that would be great! to offset the lower residual.
2012 BMW X5 50i SUV
36/15k – Residual 61% .00190 M.F.
Incredible power, looks mean with the optional 20's and revs so nice @ 4k. Rpm (sings)
Thanks!
I figure $650 D or $850 V8 with mass sales tax of course (7%) and just my upfronts mid/high $teens?
The numbers for an otherwise identical lease of a 2013 model are .00190 and 61%...interestingly exactly the same.
Car_man
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I asked him to see if he could do any better, since I am seeing .0019 online and he came back with the same (0023) rate. Is there an official BMW FS rate that I could find somewhere or can he just charge whatever rate he wants?
Thanks
Bruce
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks
Bruce
My current X5 is coming up off lease shortly
and I was offered the following lease in NJ on a 2013 35i X5.
$ 680 per month, 12K/36 months lease with $2200 drive off
MSRP 50,945 (Base + Navigation + Heated Front Seats + Spare tire)
Invoice 46915
Selling Price 48000
Residual 59 %
Moneyfactor = 0.00190
I asked why the residual in not 61% and his reply
was only premium 35i X5 get 61%
thanks
2012 X35D sport activity, premium, cold, running boards
MSRP $64K something
Traded in 9.5K
$560 monthly
12K miles
Should i go ahead with the deal?
Thank you
The deal should be judged by how much above dealer invoice the car is priced, not the amount taken off the sticker. In other words, ask the dealer to show you the dealer invoice price and pay no more than $700 above dealer invoice. Then subtract the eco credit, trade in, and any other incentives. If you're a good negotiator, maybe you can get the vehicle for closer to invoice minus incentives. But, if you love the vehicle, don't lose sleep over a couple hundred dollars. It doesn't make that much difference on a lease.
Also, ask for the lease money factor and ask the dealer how much they marked up the money factor if at all. Dealers pad the money factor to make extra money on the deal.
The selling price that you were quoted for a '13 X5, slightly over $1,000 over invoice, doesn't seem outrageous to me.
Car_man
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The numbers for an otherwise identical lease of a base 2013 X5 xDrive35i are .00190 and 59%.
The residual values for leases with only 10,000 miles per year would be 1% higher.
I believe that BMW FS provides a money factor reduction of .00007 for every additional security deposit paid.
BMW FS' base acquisition fee is $595.
BMW is not providing any cash incentives on the X5 in April, but it is scheduled to introduce its new May program some time tomorrow.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can please post the mf and 15k residuals for May for 35i, 35i Premium and 35D?
Thanks!
how are you? i've been reading your post for a while and doing some research on my own since I'm looking to lease a 2013 X5 Sport Activity for 3 years with 12k miles/year, I wanted to see if you could tell me the residuals and MF for this new month of May.
Also, I've been reading on this forum as of last month April the MF for the X5 was .0019, is that number consider for top tier credit ? 720 fico score and above correct???
Thank you
The numbers for an otherwise identical lease of a Premium are .00190 and 59%.
The diesel numbers are .00185 and 56% (2012 model).
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
BMW Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 X5 base with 12,000 miles per year are .00190 and 59%, respectively for consumers who qualify for its top credit tiers.
Yes that is the best available money factor on this truck right now. That's actually right around what BMW FS' best factors are on most models for some reason.
Car_man
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Rather than reduce the markup on the money factor (I called it an interest rate and she corrected me that it is not since we are just basically renting the car), she suggested either paying multiple security deposits (which sounds to me like another way of saying "lend BMW a few thousand dollars for 3 years) or prepaying the entire lease (which doesn't seem like a great option---especially if it is just all of the payments upfront (rather than actually reducing payments by eliminating interest payments on the prepaid depreciation)).
Please let me know what is reasonable to ask for and if I am being told the truth by them.
Are there any non-captive options that are competitive?
Thanks
Bruce
Making additional security deposits is an excellent way to buy down a vehicle's money factor.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Here's the deal:
Vermillion Red
Cinnamon Leather
Premium PKG
Sport PKG
Technology PKG
Cold Weather
Runningboards
MSRP: 64,345
Selling price 59,549
Trade for Honda: 26,500 (which is a rip off since it's 3 months old, but oh well.)
Residual: 56% off MSRP on 15k
Payment for 15k per year: w.$3500 down: $777
W/$0 down, $885
Money Factor: .00190
I feel as though the price under MSRP isn't enough...and the selling price I'm told reflects the Eco Credit.
What do I need to ask for in negotiating? Ideally, I'd like to pay $0 down, and get the payment down to about $750 a month.
Should I ask for all fees, like acquisition, destination to be included?
Should I even mention holdbacks? I'm told the vehicle is being sold to me for $500 over dead cost...but I know there must be incentives.
Note: Is the Eco Credit something taken off of the selling price?
The thing about the X5 is that we are in the last year of production for the 2nd generation X5. Later this year, BMW will start offering heavy incentives as the 3rd generation approaches production. The current X5 is a 7 year old design and it will be yesterday's news in less than a year. Why pay a premium for an old model when it will soon sell at a discount?
MSRP of my X5- $53,245. Got $49,590 price for car. At 15,000 miles and $4,000 down the lease payment is $687. The residual after three years is $30,350. Not sure of the money factor that you mention above but slightly above .00190 so the 'finance guys can get paid'.
I know you are not a fan of $4,000 down payment but getting this thru customs (wife) means low monthly price. Plus its rare for totaled car and stolen and that goes down of course the closer you get to end of lease so I will take that chance.
So outside of the downpayment- what are your thoughts here? THANKS!
HA, I like the "getting this thru customs" comment. I completely understand .
Outside of the down payment this deal looks good.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Sale Price: $59000
Down Payment: $2500
Money Factor: .00190
Residual: .60
Length: 36 Mo @ 12K/yr
Total Monthly Payment with Tax: $699.
Did I get it right CarMan? Thanks!
Just
$569*/month for 36 months
• $569 First months payment
• $3,000 Down payment
• $0 Security Deposit
• $725 Acquisition fee
• $4,294 Cash due at signing
I'm sure this is a very generic offering to get people in-store, just want to be prepared in advance. Thanks for the help!
2013 X5 xDrive35i Sport Activity with Conv Pkg and Running boards.
MSRP: 62350
Sale Price: 58370
Documents and Acquistion fee: 75 +725
Down Payment: 2800
Money Factor: 0.00190
Residual: 60%
Length: 36 Mo @ 12K/yr
Mileage fee: $0.15/mile
Monthly Payment including tax: $680.40
Due on delivery (includes upfront charges): $6932.89
My only question is what exactly is the "upfront charges" because it is $3452.49?
Thanks to anyone who can respond!
Eco credit bumped to $4500.
As for drive off fees I'd usually pay the first month lease + any dealer fees+ lease inception fees. It really boils down to personal preference. It will only make ur monthly payment go higher so its up to you.
I suggest you walk away from this deal or make them agree to what I just suggested.
2012 X5 xDrive 35d
Space Gray Metallic
Black Nevada Leather
Dark Burl Walnut Wood Trim
Sport Activity Package
20" Light Alloy Y-spoke Wheels Style 214 with Performance Run-Flat Tires
Navigation System
Running Boards
Destination & Handling
MSRP $62,945
Negotiated Price After Eco-Credit $53,625
$2,000 Due at Signing
Monthly price including taxes $745
2012 X5 35d
Premium Package
Sport Package
20" Y-Spoke rims
Running Boards
Eco Credit $4,500
Loyalty Credit $1,500
MSRP $64,545
36 months, 15,000 per year
$2,000 due at signing
Monthly payment including tax $680
Thoughts?
If I add multi contour seats (msrp $900), how much should my payment go up?
About $10-$12/mo...
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I'm about to lease next week BMW X5 Premium 2013, 30 months Lease, 15K M Per year including the following packages:
Conv Package
Cold Weather Package
Premium Sound Package
Technology Package
Running Boards
One lease payment: $28,065 (for 30 months)
30 Payments: $908 each payment + $4,296 up front
All above numbers including Taxes within NY
Is it a good deal? If not what will be good deal for the above package?
Your advise is much appreciated.
I am about to lease an X5 and currently have a 535xi. Just wondering if there is a credit I should be takin advantage of.
Thanks!
If you were a member of the BMW car club, you would be eligible to receive a $1,000 check for that new X5.