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2013 and earlier BMW X5 Lease Questions
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Since your question is more general in nature, rather than BMW specific, you might get a wider readership, and more answers by posting here:
General Questions about Leasing Vehicles
Good luck!
kyfdx
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Lease 3yr./36 mo.; no money down
$910/mo.
Although, it is not necessary for purposes of my question, but just FYI - I was told this includes dealer payment of TT&L (approx. $4K) and $3000 dealer cash toward my lease.
Any comments are much appreciated.
MSRP: 46,675 ( Base model, nothing else)
$2000 drive off , $735 inc. 8.25% tax.
Los Angeles County.
mf of .000285
Premium package, Tech package, rear climate package, comfort access, auto trunk gate, and satellite radio
MSRP 55,020
What is the current MF and residual for 36/12,000? Are we eligible for the past owner discounts if we sold a 3 series in August?
A local dealer offered me $841+tax based on:
selling price of $52,800 with 2600 upfront (says includes 1st, security, and $850 inception), based on MF .00310 and 60 residual
Is this a good deal and if not where should I be around?
So MF for 08 x5 is .0027 and if you qualify for loyalty program it goes down to .0017. How about 07 X5s? I've read that it's .0023 and does the loyalty program work for 07s as well? So would it go down to .0013? Is .0023 right? Can somebody help me out. I'm planning to lease one this wednesday. :confuse:
Residuals for a 3yr/35K lease on a 2008 3.0 is currently 58%.
And pursuit, yes, the current owner loyalty program ends on Jan 2. Nobody has any idea whether they will extend it. If they tip their hap too early, they'll lose out on last minute sales in December, so I suspect no one will know until Jan 3rd
The residual for a 36 month/*45K* mile lease is 58% - there is no such thing as a 35K/year lease (duh).
2008 BMW X5 3.0si 4WD SUV
24 Month – Residual 68% of MSRP – .00275 Base Rate
36 Month – Residual 58% of MSRP – .00275 Base Rate
48 Month – Residual 44% of MSRP – .00310 Base Rate
60 Month – Residual 36% of MSRP – .00310 Base Rate
2008 BMW X5 4.8i 4WD SUV
24 Month – Residual 68% of MSRP – .00275 Base Rate
36 Month – Residual 58% of MSRP – .00275 Base Rate
48 Month – Residual 40% of MSRP – .00310 Base Rate
60 Month – Residual 33% of MSRP – .00310 Base Rate
These are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k miles per yearr on all terms.
MSRP: $51,225
10K miles/yr. (our preference)
$1,969 drive-off
$678.01/mo. including tax
Note: this is with the reduced MF since I am a returning BMW customer.
Do you guys think I can do significantly better or am I just fighting for pennies at this point?
MSRP: 53725
36 months
10000 miles per year
Owner loyalty money factor .00170
Monthly payment 728
Drive off 1207
On December 28th, finally I pulled the trigger on a monaco blue fully loaded 07 X5. Everything started when I decided to get the new infiniti suv ex35 because of it's techy features. I wanted a fully loaded one and price went up to 46K. I said to myself I can easily get a base + tech package bmw x5 and at the end of the day I would be driving a bmw instead of a nissan. I'm a big bmw fan and I have a 325ci in my garage as well. Anyways, 07s had really good deals and very little difference with 08s. So I decide to go with this one. It's much more than what I was aiming for but what the hell. I'll living it up. It's amazing. Here is a full list of features it has on the car.
I leased at invoice minus 2500 lease cash with .0023 mf and threw in 2K to bring my monthly payments to $650. (10k miles) Can't get better than that. I love the car. I went to buffalo, ny for new years eve. On the way back I drove through a snow storm without any problems.
Just wanted to share my experience.
Description MSRP
Model 0764 X5 3.0si USD 45,900.00
Color A35 Monaco Blue Metallic N/C
Upholstery LUB4 Sand Beige Nevada Leather N/C
Options ZCW Cold Weather Package 900.00
248 Heated steering wheel
N/C
464 Ski bag
N/C
494 Heated front seats
N/C
502 Retractable headlight washers
N/C
ZPP Premium Package 4,050.00
319 Universal Garage Door Opener
N/C
402 Panoramic moonroof
N/C
430 Auto-dimming interior and exterior mirrors
N/C
431 Auto-dimming rearview mirror
N/C
488 Lumbar support
N/C
493 Storage package
N/C
4AB Dark Burl Walnut wood trim
N/C
4NA Digital compass mirror
N/C
563 Ambient light package
N/C
639 BMW Assist with Bluetooth System
N/C
ZPS Premium Sound Package 1,800.00
672 6-disc CD changer
N/C
677 Premium hi-fi system
N/C
ZRC Rear Climate Package 700.00
4NB 4-zone automatic climate control
N/C
761 Privacy glass
N/C
ZSP Sport Package 3,600.00
ZTP Technology Package 2,600.00
3AG Rear-view camera
N/C
508 Park Distance Control
N/C
609 Navigation system
N/C
620 Voice activation
N/C
6UH Real Time Traffic Information
N/C
322 Comfort Access system 1,000.00
328 Running boards 300.00
330 Sport Package
N/C
255 Sports leather steering wheel
N/C
2RY 19" Light-alloy wheels Star Spoke (style212...
2VA† Active Roll Stabilization and Electroni...
481 Sport seats
760 Shadowline trim
775 Anthracite headliner
417 Rear manual side window shades 250.00
96 Heated rear seats 350.00
653 HD radio 500.00
655 Satellite radio 595.00
6FL iPod and USB adapter 400.00
Net Total
62,945.00
Destination Charge
775.00
Total Suggested Price
63,720.00
As a new user to the forum and a prospective X5 buyer I would greatly appreciate it if I could get some input as to this deal one dealer is offering us on a 2008 X5 3.0si in the Pittsburgh PA area: The vehicle includes:
Cold Weather Package
Premium Package
Rear Climate Package
iPod and USB adapter
MSRP $51,625
Sell for $49,300
15K miles per year
36 Months
58% Residual
$0 Down
Total initial charges are:
Disposition fee: $350.00
Security Deposit: $900.00
Acquisition Fee: $625.00
Fees and Insurance: $158.50
Upfront Taxes: $62.50
Total Initial Charges: $2599.85
Base Payment: $776.23
Total Payment: $853.85 per month
This vehicle is on their lot, so there isn’t a dealer trade situation or custom order issue. The MSRP reduction seemed a little low to me and the initial fees don’t look right to me, although I will have no problem paying for them if they are legitimate fees. Any comments would be very helpful. Thanks in advance.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Once you arrive at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using BMW Financial Services' buy rate lease money factor of .00270 (for non-returning customers who pay a security deposit at lease signing) and you're in business.
The fees that you mentioned in your post look about right to me.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Here's the best I've been able to do in the Dallas area so far. I feel like there is room in the purchase price and haven't been able to get any reduction in the money factor (or acquisition fee) to this point. Any advice would be appreciated as I'd like to order the car this week!
MSRP: $57,575
Price Reduction: $2,000
Purchase Price: $55,575
Acquisition Fee: $850
Money Factor: .00325
X5 and Q7 are the SUV's I'm interested in.
Apparently there are currently no deals for either.
Stock of 2008 X5 3.0 models is low (at least on few east coast dealerships) and dealers are not offered any incentives.
There is excellent rebate in the amount of $3K for 2007 models, however there are basically no 2007 3.0 left and only few 4.8. I realize it's the winter time when SUV probably sold better than any other time of the year. What are the predictions, should we see any promotion towards the end of the January or February?
Any thoughts, comments ideas are welcomed.
I will keep waiting in the meanwile - hate to pay top $ for the empty X5
MSRP - 72,325
Invoice 66,295
Purchase Price 63, 095 (this includes the 3K cash back)
Lease Factor .0275
32 month lease (Residual 64%)
10K mileage allowance
$790 per month lease plus tax, title, lic., acquistion fee and first months payment.
No security deposit
I did not negotiate b/c I thought this was a great deal. Although I did get him to throw in Satelite Radio b/c his original add said the car had it, and actually it didn't. Dealership told me that the had a great December and were told that they were not getting many X5 deliveries in January. Supply is low across the country.
Are there any dealers in the NY metro area giving any incentives since it is nearly end of month?
Are the internet specials on their web pages any good, except for the fact that they only offer 10k (I need 15K) & can I negotiate their advertised numbers or just start from scratch?
Thanks
msrp 57370, price 53215, cap red 2500, 32 months, 10K/year, MF .0025, resid .64
$4188down including taxes/fees and $653/month with tax inc
good deal?
2008 BMW X5 3.0si 4WD SUV
24 Month – Residual 70% of MSRP – .00270 Base Rate
36 Month – Residual 60% of MSRP – .00270 Base Rate
Yet - he sold me the X5 (36 months ago) that I have right now at $750 over invoice - and now the numbers are so high and different. I have the same options with the exception of the comfort access & pay right now $559 monthly!!!! WHY IS THAT :mad:
Here's another question - how would I know if the money factor and residuals are going to change for February expecially since the rates are down now 'cause of news of 'recession'????? :sick:
Please let me know asap.
Thanks
Are you dealing with BMW of Manhattan?
There is no way of telling the direction of residuals and money factors month-to-month. A rule of thumb is residuals decline during the course of the year as a new car becomes old.
If you need more help, please feel free to email me or reply.
thanks so much!
I am trying to keep the payments about equal to what I am paying now (mid 5's), and for some reason it just doesn't match up.
Also, I have a $600 refundable security deposit coming back, can I roll that back in so that I get a lower MF?
Does anyone know any of the above answers?
How about the Owner Loyalty MF for the X5?
Also, you did not tell me if I was getting a good deal from previous thread.
Thanks!
So do you think I am getting a great deal?
Maybe we should do it together to get a really good deal from a willing, ready and able Manager from a good dealership!!
Two for the price of 1/1/2 lol :shades:
Do you live in NJ or NY? I'm not sure how it works if you live in NJ and purchase in NY State, but you may have the option to either pay the tax as part of the monthly payment or pay it all up front. For my last NJ-purchased lease, signed 34 months ago, I pay the taxes as part of the payment. For the car I just ordered last week, the taxes were due up front. Ask the dealer as to what the flexibility is and, if you buy from BMW of Manhattan, remind him if you are a NJ resident (residency may make a difference, not where you buy it...I'm not sure about this).
Up front, you will typically need to pay 1st month, bank fee, any type of acquisition fee, document fees, and any applicable taxes (as mentioned above).
I'm not sure what your deal was on your existing X5, but let me tell you that it will be incredibly difficult to get the payments into the mid 500's per month, even with an owner loyalty money factor, unless you drop a large cap cost reduction up front.
Speaking of owner loyalty, per your question, there is no Owner Loyalty available on the X5 this month. The last BMW OLP for the X5 expired on January 2. You would have had to put in a credit app before then and take deliver of the car within 90 days to secure the OLP money factor and other benefits.
Refer to the deal that I posted here: chrisjur, "BMW X5 Prices Paid and Buying Experience" #776, 22 Dec 2007 9:24 am
which is about average for what I got from most dealers in the NYC area last month. (I found a deal a tiny bit cheaper, but not enough to make me jump dealers)
• $2,850 Down payment
• $700 Security Deposit
• $4,219 Cash due at signing
10,000 miles/yr
includes Premium Package, Heated Seats and Destination
this is a lease special i found at the bmw website...is this a good deal? i'm in northern jersey....can dealers come down from this?
can i figure out what the money factor and residual value is for this deal?
2008 BMW X5 3.0si 4WD SUV
24 Month – Residual 71% of MSRP – .00270 Base Rate
36 Month – Residual 61% of MSRP – .00270 Base Rate