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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.
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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.
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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.
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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..
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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.
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I ordered the x5d.
The dealership is about 80miles from where and I live and believe or not, it is the closest. Comforting to know your feedback. The dealership has awesome service though. On my current 535xi, they picked and dropped my car on couple of occasions from home to accomodate my busy schedule.
Did your deal falling through have anything to do with the multiple credits?
I've received notice my PCD date is September 13, but haven't signed the papers. I'm told I qualify for the BMW Drive for USA $1000, the Loyalty credit of $750 and the $500 for taking a test drive, but I'm still being told I can't add the USAA $1000 member discount. Nothing in any of the literature tells me I can't do them all, but they won't budge. Paying $30 less per month may not be a "deal breaker", but it would be nice.
I handed over my check last night, picked up our plates and paperwork and my wife booked our flights to Spartanburg for next week. Looking forward to picking up our X5D at the Performance Delivery Center.
Where did you find this deal, since this is not a bad deal, compared to what I have?
Not sure what the lease deal would have looked like, but at least starting with roughly the same sales price discounts. I know they had at least a couple for 2012 X5d build slots as of last week.
I have been looking for X5 D and here are the specs
Sand Beige 'Nevada' Leather
Dark Burl Walnut wood trim
Cold Weather Package
Technology Package
Premium Package
18" Light alloy Star-spoke wheels style 209-with all-season run-flat tires
Destination & Handling included
MSRP : $63,545
I am being offered a deal (everything bundled/inclusive... with following details.
Down Payment $4097.63 ( This covers MD tax of 6%, tags, Title and processing fees)
Monthly payment $675.00
36 month Lease
12 K miles each year
Dear moderator (Car_man: Please advise, if this is good Leas deal? (I am new to this forum, however your advise is appreciated)
regards,
Also, what dealership, if I might ask? I shopped just about every dealer within 250 miles of DC. The local ones have a wide range of reputation for post purchase service - from pretty good to downright crappy - as you are probably aware. I checked their stock online and then called if they had something close. My wife and I test drove 3-4 different cars each to make sure we knew what options we wanted - and didn't. I found the technology package a little lacking, at least for $1,700. Most of what you are getting is the heads up display. I would have thought they would have thrown in adaptive cruise control, collision mitigation and/or blind spot warning system (all of which are available on the MDX). So we decided not to check that box, but did take the sport activity package for the sport seats, steering wheel, shadowline trim and and 19" wheels/tire package. At the point we decided to go with the sport package, we also decided to custom order, since most diesels on the lots didn't have it or had a bunch of other options and bad color choices.
I'm planning to use USAA, loyalty, and drive team discounts.
Could anyone please point me to the current residual value and MF for X3 28i/35i and X5d? Leaning towards X3 28i, but am new to leasing and trying to figure out the considerations in the calculator.
Thanks in advance.
I got the deal from Bobby Rahal in Canonsburg PA (suburb of Pittsburgh)
Residual value for both X3 28i and 35i is 56% and 54% for the X5d since that is still a 2012.
LMK if anyone finds anything different.
It is truly an exceptional experience:
2+ hours on the track with BMW Racing instructors that will take you through everything from a skidpad with and without VSC engaged, 50+ mph ABS stops in which you have to steer to an escape route, as many laps as you want on their mini-formula one course using the same vehicles as you purchased (I had to try to keep ahead of an M3 with an X5D...and did!!)
5 minutes in the seat of an M3 being driven by a racing instructor. Nothing at Universal Studios or Cedar Point will prepare you for a 120 mph run through an uphill S curve followed by a 120 degree hard right.
Lunch after the above
An off-road course in the X5 in which you go through 20+" of water, up and down 45 degree rock covered paths, sideways to the point of only having on front and one rear wheel on the ground, etc. Great opportunity to learn how to properly drive the X5 using the hill descent and reverse hold buttons.
a 1+ hour complete personal tour of the 1.5 million square foot X3 factory. They have a total of 4.5 million square feet, but the X5/X6 factory is off limits as they already are gearing up for the new redesign. I saw X3 2.0D right hand drives being made in front and back of X3 3.5i's.
As long as you want in BMW's Museum, gift shop and cafe.
I can honestly say that while there wasn't much second guessing I did after deciding on the X5 over the MDX, yesterdays experience proved to me that there is absolutely no comparison between the vehicles. We did things on the race track and the off road course in a X5D that would have left the Acura either upside down, flooded, or just plain busted up.
I was so energized, I decided to drive all the way home afterwards (520 miles) rather than stop halfway fro the night. Averaged 68 mph (had to vary speeds and not use cruise during break in) and still managed 29.4 mpg. Was hovering over 30 mpg until I hit some DC beltway construction.
I am about to take delivery of a custom ordered 2012 X5 D. Premium, Sport, 20"rims, Soft Close doors, Tech pkg, running boards. MSRP $66,845 Dealer Cost +300 profit +MACO ($380) = $56610.
Using EcoCredit, BMW Apps/Loyalty for $1250.
We've chosen to do a 36Mo Lease with 12K miles (also need 15K miles for comparison). Dealer is offering .00165 MF (says its nominal for profit) at 54% residual. Acquisition fee is $925 - i know its $725, so i am calling him on that one.
Are these #'s fair?
Thanks,
Jeremy
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When negotiating your deal on this truck, keep in mind that BMW is providing $4,500 cash incentive on it right now. You should be able to negotiate a decent dealer discount on top of that.
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