How's this deal look?

ludwigpschulzeludwigpschulze Member Posts: 5
edited August 2015 in BMW
2016 X5 M sport, MSRP: $67,170
Sale price: $64,000
Total price w/ tax: $70,000
48 month @10K miles = $880 (w/tax)/month, $1,000 due at signing
54 month @10K miles = $850 (w/tax)/month, $1,000 due at signing
or a 3.8% 72 month loan which is clearly too high given high credit score.

Getting all season tires in hopes they last the 48-54 months. Typically drive 8-9k / year only.

I had looked up residuals but don't seem to match up with above assuming the base lease rate at 0.0013

Welcome feedback! Thanks!
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  • MichaellMichaell ColoradoModerator Posts: 186,831
    edited August 2015

    2016 X5 M sport, MSRP: $67,170
    Sale price: $64,000
    Total price w/ tax: $70,000
    48 month @10K miles = $880 (w/tax)/month, $1,000 due at signing
    54 month @10K miles = $850 (w/tax)/month, $1,000 due at signing
    or a 3.8% 72 month loan which is clearly too high given high credit score.

    Getting all season tires in hopes they last the 48-54 months. Typically drive 8-9k / year only.

    I had looked up residuals but don't seem to match up with above assuming the base lease rate at 0.0013

    Welcome feedback! Thanks!

    We don't have any 2016 BMW lease numbers yet this month.

    However, if I use the 2015 X5 M residuals from last month of 38% (48 months) or 35% (54 months) with your MSRP and total price (what state is this?), I get a payment of $1051 for 48 months or $982.50 for 54 months.

    My guess is the residual on the 2016 is better, thus accounting for your lower payment. But, without knowing the exact numbers, I can't tell you if the MF is marked up or not.

    Aren't the tires on the X5 M performance tires? I don't see them lasting more than 20-30K, which means you'll need to replace them before the lease is up.

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  • ludwigpschulzeludwigpschulze Member Posts: 5
    Thanks very much for the feedback!

    This the X5 with the m-line, not actually X5M sorry for confusion.

    NY state. I was wondering same on residuals because the monthly looks pretty good with tax included. assuming a 0.0013 money factor, I get a 50% residual...make sense??
  • MichaellMichaell ColoradoModerator Posts: 186,831

    Thanks very much for the feedback!

    This the X5 with the m-line, not actually X5M sorry for confusion.

    NY state. I was wondering same on residuals because the monthly looks pretty good with tax included. assuming a 0.0013 money factor, I get a 50% residual...make sense??

    I don't think you can reverse engineer the residual ...

    Which engine is this? And, RWD or AWD?

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  • ludwigpschulzeludwigpschulze Member Posts: 5
    awd
  • MichaellMichaell ColoradoModerator Posts: 186,831

    awd

    Since this afternoon, the 2016 X5 lease numbers have arrived.

    If this is the xDrive35i, then the numbers are .00130 MF and 49% for 48/10 and 45% for 54/10. Using your prices from above, I calculate a pre-tax payment of $906.43/mo for 48 months and $866.84/mo for 54 months.

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  • ludwigpschulzeludwigpschulze Member Posts: 5
    Great; so its a good deal I'm getting...
  • MichaellMichaell ColoradoModerator Posts: 186,831

    Great; so its a good deal I'm getting...

    Seems to be.

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