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Model: BMW X5 XDR40e Performance (comes with self parking assistance, sun roof, leather, etc…)
Lease Term: 36month/10k
MSRP: 71,195
Sale price: 64,095 (~9% discount)
Rebates: - 6,000
Advanced Payment: 839
Upfront Charges: 794
Total Cap Deduction: 4366,64
RV: 59% = $42,000 (10K = 59%, 12K = 58%, 15K = 56%)
MF: 0.00.192
EST FEES/TERM: 2069
Tax: 4183 (Tax here in GA for 2017 is full amount of the car value. We all know this is fraud! Ouch). In 2018, it’ll just be only the lease portion.
36/10K = $839/mon.
36/12K = $858/mon
36/15K = $896/mon.
My wife's X3 has 4 months left on the lease.
The dealership is offering to "forgive" the remaining payments of current lease, forgive the lease disposition fee (which I have never paid anyway), plus offering a loyalty credit from BMW Corp - X3 Loyalty Credit $1500 and a dealership bonus of $1200. My wife wants to get an X5 instead of an X3. (X5 Xdrive35 - 36 mo/10K)
(At drive off, I only paid the first month's payment, so there won't be any loss if they forgive the rest of the payments.)
Do you think I can stack the following bonus/credits after I negotiate the sale price?
$1500 X3 Loyalty Credit
$1200 Dealership Bonus
$3000 X5 Holiday Cash
$1000 BMW Sweepstakes credit (through a corporate event I attended recently)
Thank you in advance for your insight.
Are the "Upfront charges" part of the "EST FEES/TERM" of $2069?
Why lease this vehicle now, when the taxes drop precipitously on January 1st?
Money factor is marked up the maximum from .00152 base.
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I don't see a loyalty credit on the X5. Only if you purchase/lease an X3, so that seems doubtful
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thank you, kyfdx. I did not think so, either. and as far as the dealership bonus, it sounds like it's a discount to vehicle, not a rebate. regardless, if I can use the other two and get a decent percentage off, I will be happy.
Upfront charges, I think it's from the dealer fees and titles, reg.
Why lease now? because they gave me 9% discount which is 71000 msrp - 64,095 sale price = 6,905. If I wait for Jan 2018, then I m not sure if they would provide deep discount at 9%?.
Tax is: 4,100 (must pay full) but when Jan 1 comes, tax only goes to the lease portion which is about 1700/36 which comes out to be $47mon on tax.
Thoughts and advice?
With the $2400 savings in sales tax, I'd take my chances.
You have a lot of fees there that aren't itemized. That's where good deals turn into bad deals.
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$3000 lease credit.
either model
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Location: California
2017 X5 Xdrive35i 36/15 and 36/12
2018 X5 Xdrive35i 36/15 and 36/12
2017 X5 Xdrive50i 36/15 and 36/12
2018 X5 Xdrive50i 36/15 and 36/12
Location: California
1. Why should we "roll in" taxes and fees? And if they do get rolled in, how does the math change? Where would it get added (i.e. added to the capitalized cost?)
2. How does BMW roll in the $3k holiday incentive/$1k fleet discount/$1k college grad rebate? Do they all count as cap cost reductions or do they count as incentives? If I understand correctly, the customer pays taxes on incentives at the sales tax rate (9.5% in CA) while cap cost reductions are deducted directly from the capitalized cost, which means that it's more beneficial to the customer to have cap cost reductions?
.00152 MF and 56%/58% residual
$3000 lease credit
2017 residuals are 1% lower
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2. They are incentives, and subject to sales tax.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2018 X5 Xdrive 35i
MSRP: $68,645
Negotiated sales price: $64,183
MF/RV: .00152/.56
Here's the part where I did my own math, so I would greatly (and gratefully) appreciate someone checking my work
I have the $3k holiday incentive + $1k college grad + $1k fleet discounts, so I am assuming the math should work out as follows:
Adjusted capital cost: $59183 (64183-5000)
Base payment (total lease amount of 20742 divided by 36): $576.16
Rent Charge: $148.39
Tax (9.5% CA sales tax on leased amount): $68.83
Total Monthly: 793
Drive-off (fees+1st month payment): $2273 (793 monthly + fees + 9.5% tax on incentives of $5k)
Thanks in advance for your help!
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2018 X5 M Sport Exec Pkg
MSRP $93,295 including $995 destination
6% off mspr and Adj cap cost $86,762
36/10 term
39/10 term
sales tax 9.25%
no money down since lease
is 6% off decent or need to seek more?
$3000 lease credit.
39 month term is unsupported
$1097/mo.+tax = $1201/mo.
With the lease rebate, I'd look for more off, but the adjusted CAP cost isn't necessarily the sale price.
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2018 x5 sDrive35i M Sport
MSRP: $70,870
15k/year
36 months
CA 10% tax
$5000 down
$735 monthly payment
Purchased the excessive wear and tear and also maintenance so it came out to $835/month. Probably overpaid for the plans.
Thoughts?
$3000 lease credit
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Congrats on the new BMW!
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Overall, leasing a BMW is getting more expensive.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
That discount is only 6% off sticker; you might be able to negotiate another $1000 of the sticker price, and save another $30/mo on the payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I don't really get why it is important to see exactly where all the money is allocated.
IMHO In the end all that really matters is the monthly payment and the walk off/Out of Pocket.
I will say that working the numbers before you go is necessary to get you to your happy point or else you are at the mercy of the salesman.....
2018 X5 40e (New)
MSRP $71,060
Selling Price $63,072 (But who really cares, its only a number)
36/10 Lease
All rebates to Dealer
3 months Pull Ahead on returning Lease.
$2500 Walk off including 1st Month, $5000 End of Lease Wear and Tear Protection ($600 supposedly) some taxes and who knows what else????.
Payment $599 mo.
Good enough for me, drove it home today.
With out the information posted here I wouldn't have had any idea where to begin.
Thanks to all who contribute to this forum.
Nice car BTW cool factor is 10+++++
Mike.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP $64,545
Discount $4,400
Rebate $3,000
Sale Price $57,145
$5,000 down ($899 Dealer, $925 Bank, approx $500 for tag/title, $660 first payment and $1,800 cash)
MF .00152; Residual 59
This is my first lease and I'm beyond confused. How is this deal?
My Apologies:
Forgot to add that I rolled over $4200 in MSD's from returning lease to get to $599.
So, not as good, but still good I think.
Thanks
Mike
Base MF and 7% off MSRP, before incentives, are good.
We'd suggest you add the dealer fee and bank fee into the payment, and skip the $1800 cash. You'll have a higher payment (by about $100/mo), but your up front cash drops to around $1300 (first payment + tag/title)
This must be Florida, home of the outrageous dealer fee.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$3000 lease credit
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Both 2018 X5 3.5 and diesel.
Dealer is telling me BMW lease credit is only $1k for January.
.00152 and 58% is correct for 36/12
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 lease credit is the only incentive we see
7% off sticker price, before any available incentives, is a good starting point.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 lease credit
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With those prices, I am within $1 of that payment quote.
However, you are only getting about 5.5% discount from sticker (before incentive) - you should shoot for 7%.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking to confirm the following:
2018 BMW X5 xDrive35d
36/10 Lease
MF: .000152
Residual: 59%
Is there a money factor credit for paying for the entire lease up front? I’ve read conflicting claims online. One source mentioned a MF credit of: 0.0003
When you pay up front, is it literally the calculated payment * 35, plus the drive off amount? Nothing funny with cap reduction?
Thanks again,
Reza
Yes.. the discount is .00030.
I don't think that's worth paying the full lease upfront, but you may feel differently.
36 X the new payment plus fees.
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