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2013 and earlier BMW X5 Lease Questions
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Purchase Price: 58,310
Sales Tax: 2,626
Acq Fee: 725
Total Capitalized Cost: 61,662
Residual Value: 36,223
Money Factor: Unknown - not stated on lease agreement
Zero Money Down
Due at signing (1st month + DMV fees): 1,294
Monthly Lease Payment: $847
Thoughts on this lease?
Also, what is the BMW Ultimate Drive App rebate for $500 and how do you qualify?
Thanks
Thanks.
On other hand, we ordered the sport activity package for the more comfortable sport seats, sport steering wheel and (subjective) better looking 19" wheels. The sport seats alone are worth it to me.
Are you taking a vehicle off the lot, or ordering to your specs and, if the latter, what made you pick the options you chose.
jet back
black nevada leahter
dark bambo wood trim
convenience package
multi - countour seats
running board
destination and handing
total MSRP : $63295 dearler offer me $58000 ? sound good deal to me ?
The premium sound didn't sound much better to you because you were listening to default settings. Premium sound is noticeably better if you take the time to understand the system and set it up properly. The no-cost multi-contour seat option with the sport package is a better seating option than the sport seats when your priority is comfort.
The down side to ordering a base vehicle without things like satellite radio and the heated steering wheel that comes with cold-weather package is that it makes the vehicle less desirable and therefore less valuable if you ever trade it in. Especially in the DC area, which has a very competitive luxury vehicle market where people expect a luxury SUV to actually have luxury features.
As far as your comment on "luxury" expectations, I agree with you to a certain extent. But.....we chose to spend an extra $10-12k over a 2012 MDX "Advance" precisely because of the way the X5D drives and handles. If you want every luxury do-dad, the MDX and Audi Q7 kill the X5, with adaptive cruise control, lane change warning, accident mitigation braking, much better navigation, better sound systems, etc. You can check every box you want on a BMW X5 and you still won't have the latest and greatest luxury or technological features. As such, we decided to check boxes that were important to us, period. And if premium sound is really worth $1,500 to someone else, great. But it's an expensive box that even almost every dealer admitted they wouldn't check, if ordering for themselves. Especially with Apple i-phone connectivity putting a big dent in the value of satellite radio.
FWIW, I sold my 2005 911S last spring that had $13,000 worth of options. I had bought the car off the lot at a $12k discount that made up for some options that I thought were frivolous. Upon resale through a high end independent Porsche shop, the $1,500 upgraded Bose system was worth exactly $0. Navigation and the performance oriented options were probably worth half of what they cost. The next time around, I'll order to my exact specs, get a 5-6% discount off MSRP, and save at least a similar amount by avoiding the boxes that aren't really worth anything to me (or 99% of 2nd owners).
Thanks,
Gerry
Having said that, the selling price that you were quoted, invoice minus all of the available incentives, looks outstanding.
Car_man
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The BMW Ultimate Drive App is a smart phone App that one can download. Consumers who schedule a test drive through it are eligible for an additional cash incentive off of a new BMW.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Thanks for the info regarding MF. Knowing that, I'm better prepared to negotiate my lease payment.
I'm still fighting their contention that I can't combine the USAA member $1000 discount with the BMW Drive for USA $1000 credit, the BMW Loyalty $750 credit and the BMW Ultimate Drive $500 toward first lease payment. Am I asking too much of them??
me where you got a deal at $500 over invoice, before the rebates. The lowest I can find in Northern California is $1000 over invoice..
I would like to know what the August 2012 money factor and residual would be for a 2013 BMW X5 50i lease with 36 months and 12,000 miles per year. Thanks, again!
Can you please look at the following deal and see if it reasonable:
2012 x5d with premium and cold weather package (nothing else added).
MSRP $61845
Selling $58250
Loyalty $750
Eco credit $4500
MF 0.00145
Residual 57% for 10K and 36months
No down payment
Due at pick $835 (includes delivery, doc, first month payment)
Monthly payments 680$ including about 30$ WV tax.
Does this sound like a good deal?
Interested in getting 12k and 15k miles residuals for the X5... Any difference between the base/premium/SAV trims? I assume the buy rate MF is still 0.00145 for August?
Thanks for your help!
The residual for an otherwise identical lease with 10,000 miles per year would be 1% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can you please look at the following deal and see if it is reasonable:
2012 x5d with premium and cold weather package.
MSRP $61845
Selling $58250
Loyalty $750
Eco credit $4500
MF 0.00145
Residual 57% for 10K and 36months
No down payment
Due at pick $835 (includes delivery, doc, first month payment)
Monthly payments 669$ including sales tax.
Does this sound like a good deal?
If anything, you could claim damages against them if you lost another deal, due to their mistake, but it's probably not worth taking legal action.
FWIW, the sales manager at a BMW dealership in Baltimore went out of his way to call me on my office and cell phone when he realized that I as not a previous BMW customer and they made a mistake on a quote. He offered that if I still wanted tl drive 50 miles and look at the car, he'd pick up dinner for my family, no obligation to buy.
I leased a car in Silver Spring last September.. flew in and drove it home..
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
We ended up ordering from Silver Spring as they were.the only Maryland dealer that could still order a 2012 X5d to our specs. Picking it up at the performance delivery center Sept 5.
Car_man
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