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2013 and earlier BMW X5 Lease Questions
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Try this discussion: BMW X5 Maintenance and Repair
Good luck!
kyfdx
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I have followed this thread. I have seen MF to be .0021 and residual from 58-60%. Any comments? I countered with MF .0021 and residual 58%. Do the numbers make sense?
For 3 years 12,000 miles/year he offered MF .0025 and residual 60%.
I will truly, truly appreciate anyone's thoughts.
MSRP 54,125
CCP 50,767
Options:
Pre Pkg
Tech Pkg
R Cli Pkg
Auto Tailgate
IPOD
Runningboards
36/12 - no money down
722.00 including tax
1800.00 inceptions.
I know they hosed me in inceptions, but I was so tired of complaining and arguing I just gave in. The car isn't delivered yet. Is this a decent lease and if not when the car arrives can I still cancel out of it.
Thanks
690.00 per month including taxes 36/12 zero down
Thanks in advance
X5 4.8I
Premium Package
Sports Package
Technology Package
White on Black
5,672 down ($800 of which is returnable security) $800 a month
I was willing to pay up front too and he gave me no money down and $811 month total equaling $26,763 +tax +title +destination fees.
Am i getting a good deal or am i getting Jacked? This would be a build to order situation.
Car_man
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for 12,000 miles, 15,000 miles.
(I have BMW 535i with BMW FS.)
Also, how would multiple deposits reduce MF?
Finally, what is reasonable amount above invoice?
(BMW 535I recent lease was invoice +$800.)
Given BMW high MFs for X5, any suggestions on other SUVs to review with better leases?
Not sure why they aren't cheaper, given economy and poor mileage...
Does 3.0 have enough pickup?
I have BMW 535i and have mixed feelings, but I did get reasonable deal.
I'm also in Los Angeles. Would you be kind enough to advise what kind of deals you are being offered on X5?
Thank you so much for your help.
On a 36mo/10K lease, the residual went from 61% to 56%. The MF went from .0021 to .0025. This alone raises the price at least $100/mo (I didn't get a firm number, since I was in shock). I don't know what a reasonable price over invoice or discount off list is right now, but obviously BMW isn't that anxious to move these cars.
Car_man
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As far as multiple security deposits go, each additional deposit that you make after the first (unless it is waived because you are a returning BMW FS lessee) will reduce these trucks' money factors by .00007. You can make up to a maximum of seven additional deposits for a total money factor reduction of .00049.
I am not personally all that familiar with what the market is like for the X5 right now, but you may be able to get a good idea of how much you will have to pay for one by visiting the "BMW X5 Prices Paid and Buying Experience" discussion.
Car_man
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Anybody knows when we should expect new lease pull ahead program?
Thanks
The second is for the tires. I $589 up front, it covers me if I have to replace a damaged tire at anytime during the lease for damage (pothole, nail, etc). It covers any amount of tires that would need to be replaced. Does anyone know of these options? Are they worth buying or are they another way to get ripped off? Any input would be great. Thanks.
I had the excess wear and tear on my last X5 and collected $400 for damages to the car. My policy had no deductible and was extremely easy to collect on. Once BMW inspected the car and assessed my security deposit for the damage I sent the paperwork to the insurance company and they reimbursed me with no questions asked. I hope this helps you.
I'm looking for the numbers for an X5 3.0, 36 months, 10K/year. (NY area, if that matters.)
Any other specials such as the premium credit? Seems like this was added after the beginning of the month last month (and in April).
Car_man
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Alpine White/Tobacco/Dark Bamboo
Premium Package/Rear Climate/Heated Front Seats/IPOD/Park Distance/Running Boards
36 Month/15K lease
MSRP $52,675
Selling Price $47,390
Taxes $1,771.01
Total Cap Cost $ 49,161.07
Total Upfront $2,100.75
Residual 53%
LRF of .00215
Monthly payment of 755.81
Any thoughts?
I was quoted a PP dealer credit of $2,505
2008 X5 3.0i
24 Month Lease at 10k/yr.
Returning BMW FS customer
Money Factor?
Residual?
Also, on my current lease I paid the entire lease up front and never really got a sense of how much that saved me (if any). With BMW, what are the advantages (cost) of paying up front?
Thanks,
It would seem that you are entitled to a refund of the interest you would have paid had you elected to make all the payments on time. Anyone know for sure?
tidester, host
SUVs and Smart Shopper
Example:
Assume standard lease rate is .0028, and no subvented rates are available. The prepaid lease is figured with a discounted rate of .0020, just as if you were making the payments monthly.. then, the total of payments is added to get the pre-paid amount.... On a typical 36 month X5 lease, this might save you around $2000-$2500 in finance charges...
However, the X5 usually has a somewhat subvented lease rate... so, the savings would probably be lower than that, in a real-world example. For example.. right now the X5 has a MF of .0024, while the standard BMWFS rate is .00263.. The rate for a pre-paid lease would be .00183.. Making the savings about 2/3 of the generic example above...
regards,
kyfdx
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tidester, host
SUVs and Smart Shopper
Any numbers (residual % and mf) for a 2 year lease on a 3.0 in Atlanta, GA?
Add 2% for 12K
Add 3% for 10K
There may be some dealer incentives or lower MFs for returning BMWFS customers, but I'm not certain what those might be...
regards,
kyfdx
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So what do people think ? It seems like 3 years is the most popular option for this forum members.
Car_man
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What's the money factor and residual value for 36M/12K lease on X5?
Thanks
I believe the resid on a 36M/12K lease was 55% as of June 08
I have been thinking about a loaded X5 3.0 for the last two days after a wonderful test-drive on Monday night. Car will have to be built to order: Premium, Tech, Cold Weather, Rear Climate, 3rd Row Seat, Rear Entertainment, Auto Tailgate, iPod/USB Connection, Running Boards, Comfort Access. Color is Monaco/Sand/Walnut. The MSRP is $59875, and I am trying to get to $56025 which is $1000 over invoice.
Today two different dealers confirmed that the Premium Package Option Credit is still available until September 2nd. The only change to this incentive is that now you actually have to have Premium Package on your X5 - last month the dealer got the credit even if the car didn't have the package. Value of Option Credit is still $2505, which means my target price is really $1500 below invoice.
Money factor for July and August is 0.0024 if you are not an existing BMWFS customer (I am coming from a Lexus GX470). Residual for 15k miles per year for 36 months stays at 53%.
The first of 7 dealerships I phoned today offered me $825 + tax per month with no cap cost reduction and for 36 month/15k miles (up front cost of $2600 or so including Security Deposit and first months payment). A little haggling and another $5 came off plus floor mats and possibly a cargo mat thrown in.
So at $820 per month (plus PA taxes of 9%) I think I have a good deal which is quite close to invoice before the Option Credit kicks in - other dealers have not been able to match it so far, and some sounded shocked (acting?). Unless anyone here has any misgivings on the deal I am placing my order next week for late August delivery.
Please let me know your thoughts...
I was hoping that we would see something a bit more aggressive considering the June sales numbers.
Thanks in advance.
James
MF is .00240 less .0004 if you qualify for the owner loyalty program
Premium package credit of about $2,500 (at invoice) is also still in play.
These rates are in effect through 9/2.
Car_man
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"Provided rates and owner loyalty stays the same as this month current programs. I can order you a 2008 X5 3.0i with running boards, hd radio, ipod usb adapter, cold weather package, premium package, rear climate package, premium sound. I am calculating MSRP of $54,575. Selling you the car for a $1,000 over invoice at $51,635.
With $2,000 out of pocket your payment would be $726.24 a month including tax. This is a 36 month lease for 12k p/a mileage. Owner loyalty money factor of .00080."
Thanks for any advice.
Rob
A couple other questions. Do the ventilated seats work well. I have always wanted those. But for $2100 seems high. I realize it's an active seat as well which I really don't care about.
Also, I asked what my out of pocket would be to keep my monthly at $600 inc. tax. His quick response was each $1000 out of pocket is about $20 per month off the payment. Does it make sense it's only $20 off?
Thanks
:P
I was just quoted the following is Seattle. This is an initial offer, no negotiating. Please tell me if this is fair for a 36 month lease or if I should be asking for more, and if so, how much more?
"Provided rates and owner loyalty stays the same as this month current programs. I can order you a 2008 X5 3.0i with running boards, hd radio, ipod usb adapter, cold weather package, premium package, rear climate package, premium sound. I am calculating MSRP of $54,575. Selling you the car for a $1,000 over invoice at $51,635.
With $2,000 out of pocket your payment would be $726.24 a month including tax. This is a 36 month lease for 12k p/a mileage. Owner loyalty money factor of .00080."
Thanks for any advice.
Rob
I'm curious what the real difference is in gas mileage between the 4.8 and 3.0. I've seen several posting on 3.0s, not much on the 4.8. Does anyone have any experience with 4.8 gas mileage?
I sure wish the X5 had the same motor as the X6.
Thx
tidester, host
SUVs and Smart Shopper