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2013 and earlier BMW X5 Lease Questions
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Can you please help me calculate the correct lease payment for the following vehicle:
2006 X5 3.0
MSRP $50,420
selling price $47,175
term 36 months/36k miles
security deposit $625
money factor 0.0010
residual value 59%
Thanks again...AlexanderV2
If you have leased with BMW in the past, they may forgive the security deposit but they will still hit you up for the aquisition fee.
Can you give me any further insight as to the actual formula for calculating this payment?
How do you crunch the actual numbers?
Thanks in advance for your help...AlexanderV2
These two fees are charged by BMW Financial Services, NOT the dealer.... It is true that BMWFS will waive your security deposit (which is normally required) if you are leasing another car through them. The acquisition fee is a fee charged by any leasing company to initiate a lease contract and is not BMWFS-specific. Again, the dealer has nothing to do with these fees....
For the question of the formula to calculate a lease, I developed an Excel spreadsheet to do it. You can go to this website to calculate these on the fly: www.leaseguide.com/calc.htm
For the previous example that I calculated the lease for, if the dealer would have charged the typical .0014 instead of .001 for the money factor (the .0004 is profit for them over the BMW charged rate), they would have added a little over $1000 in profit to the deal.
thanks
MSRP 73000 (nav option)
please also include your residual and money factor
thanks
Vehicle is a '06 BMW X5 4.4i with Premium Pkg, Cold Weather, Navigation, Rear Climate Package, and Heated Steering Wheel. MSRP is $59,895...Sale Price: $56,500.
36 Months/12k Miles a year
Returning BMWFS lessee
Thanks for all the help!
Vehicle is a '06 BMW X5 4.4i with Premium Pkg, Cold Weather, Navigation, Rear Climate Package, and Heated Steering Wheel. MSRP is $59,895...Sale Price: $56,500.
36 Months/12k Miles a year
Returning BMWFS lessee
With 0 down right around $716 depending on dealer money factor (I used .0014) plus acquisition fee.
MSRP 73000 (nav option)
please also include your residual and money factor
thanks
Base money factor is .00305 meaning a dealer will probably charge .00345. Residual is 58% for 36m/12k. Assuming a 2K discount from the dealer, monthly payment is around $1169.
BMW is obviously in no hurry to lease these. The money factor is very high.
Yeah, they don't have problems selling cars like the 6-Series, M3/M5, and X5 4.8is.... no reason for them to offer any kind of lease support.
The buy rate for the dealer is .001. The extra .0004 is dealer profit. Most BMW dealers charge the extra .0004, not many buyers are savy enough to even know about it.
BMW has no real control over the dealer hiking the rate. Locally I have leased a number of BMWs and both dealers still hit me with the extra .0004. The only good thing is you can try to negotiate the car price down a little more since the dealer is making extra $$ on the lease.
The dealer is offering me a 36/mo 10k/yr lease for purchase price of 51,000. They are willing to waive all upfront $ including security, aquisition fee, document fees, and first month payment ect. They want to use a money factor of .00155 with a payment of 663/mo. What do you think?
I think the purchase price is high for a CPO, but by waiving all upfront and first month costs it might not be a bad deal.
I would negotiate more off...way more off.
Purchase Price $47570 ($1700 off)
$3143 down payment ($2550 + $643 first mnth. payment; security dep. waived)
Residual 60%
Money Factor .00155
Term: 36 months, 10000 miles
$593.59 per month plus tax. CA= 7.25% (43.04 per month)
Payment= 636.63
Probably should have worked harder on money factor and less on price.
Let me know what you think about the deal.
Also, the money is soo cheap, .00155 (3.72%) i am considering adding $2150 dollars (of the down payment-$2500 dollars) to the lease; payment will be 700 per month with $1150 down (700 first payment; 450 down payment. I put the 450 down cuz I like even numbers.
Total 699.31 per mth.
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Can you please tell me if the base money factor has changed for the month of May? I understand that it was 0.0010 in April.
Thanks...AlexanderV2
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X-5 3.0
3 year 15k per year lease.
Can you give me money factor and residual.
Thank you
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In the course of shopping for X5 3.0, several of the dealers are trying to hit me with a BMW advertising fee. They are claiming that it is a part of the MSRP, and that I will not find it anywhere on KBB or Edmunds.
The amount is $390.00, and they say it is not negotiable.
Is this true? Is there any way to wave, or otherwise get out of paying this fee.
...AlexanderV2
My current BMW530 has come to an end and to get an extension, I need to sign for a purchase order on the X5 2007 now. The dealership has agreed to split the difference on their profit.
(Approx. $2000-2500)
Are there any places I should watch for hidden fees that would negate the discount?
Thanks so much!
Anne
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Long time no speak, hope you're well! In advance of my planned visit on Friday to a dealer friend in Brooklyn, can you share the following specs for 2006 X5 4.4:
*Current MF
*Residual for 36 mo lease, 12K miles/yr
*Anything else I should be aware of?
Thanks again!
Can you help answer these questions from my last post? Much appreciated!
Need following specs for 2006 X5 4.4 lease:
*Current MF
*Residual for 36 mo lease, 12K miles/yr
*Anything else I should be aware of?
24 mo/15k mi – Residual Value 68% of MSRP – .00125 Base Money Factor Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00150 Base Money Factor Rate
48 mo/15k mi – Residual Value 36% of MSRP – .00315 Base Money Factor Rate
60 mo/15k mi – Residual Value 29% of MSRP – .00315 Base Money Factor Rate
Add 2% to residual for 12K/yr and 3% for 10k/yr.
Dealers typically markup the money factor so .00150 will usually be .00190 at the dealer.
As you know, the 2007 X5 will be out late this year or early next year. You should get pretty good pricing on the 2006 X5 -- they are still making them.
Thanks
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How goes it? Can you share the MF for the X5 if leased for:
10K Miles 24 mo
12K Miles 36 mo
or what is the terms for the best MF?
Thanks
RSTNPC
when is the deadline for it?
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Thanks,
Adam