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BMW X5 Prices Paid and Buying Experience

1385 messages,  Last post on Dec 05, 2009 at 3:07 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? BMW X5, SUV


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#219 of 1385
Re: X5 4.4i Lease [kyfdx] by ez1703
Mar 21, 2005 (9:57 am)
Reply

Replying to: kyfdx (Mar 21, 2005 9:41 am)

Thanks. Is this deal okay? I am paying $47,905 (MSRP is $51,020) for an X5 3.0 with:
Auto
Nav
Xenon
Premium
Cold
Rear Climate
 
I ordered it a month ago and they told me the money factor was .00180 and Residual was 60% on 36/12k. $725 acquistion fee. I am going to go with 36/15k. I live in VA(4% sales). Can you tell me what I should looking in paying for month and how much I should put down? I was thinking 5k. Thank you so much.
#220 of 1385
Re: X5 4.4i Lease [ez1703] by kyfdx HOST
Mar 21, 2005 (10:05 am)
Reply

Replying to: ez1703 (Mar 21, 2005 9:57 am)

1) They are marking up the money factor
 
2) Base acq.fee is $625
 
3) You should never make a downpayment on a lease.. Just 1st payment, security, and acquisition fee upfront (or even roll acq.fee into lease).
 
$51,020 MSRP
$47,905 Selling price
$48,530 CAP cost (selling price + $625 acq.fee)
3yr/45K lease
Residual 58%
MF .00125
Payment = $624 + tax = $650/mo.incl.tax
Due at signing = 1st payment, security deposit, title/licensing fees. ($1300 + fees)
 
regards,
kyfdx
#221 of 1385
Re: X5 4.4i Lease [kyfdx] by ez1703
Mar 21, 2005 (12:53 pm)
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Replying to: kyfdx (Mar 21, 2005 10:05 am)

Am I going to have a hard time lowering the money factor from .00180? I have a credit score of over 700. How much is the security deposit? Is the selling price ($47,905) a decent price? Sorry about all the questions...First time leasing.
 
Thank you.
#222 of 1385
Re: X5 4.4i Lease [ez1703] by kyfdx HOST
Mar 21, 2005 (1:02 pm)
Reply

Replying to: ez1703 (Mar 21, 2005 12:53 pm)

1) Yes, you will probably have a problem.. Dealers that mark up money factors are not usually easy to deal with..
 
2) Credit score is fine...
 
3) Security deposit is the payment rounded up to the next higher $50 increment..
 
4) Selling price looks decent.. over $3K off.
#223 of 1385
2005 X5 3.0i LEASE by mannydom
Mar 21, 2005 (8:40 pm)
Reply
I AM ABOUT TO EMBARK ON MY FIRST LEASE EXPERIENCE IN THE CHICAGO AREA. HORROR STORIES ABOUND. I WILL APPRECIATE ANY ADVICE. DEALER IS LOOKING FOR BASE X5 3.0i PLUS AUTO TRANS OPTION ONLY. 36MONTHS/15K PER YEAR. WILL HE FIND IT? HOW MUCH OVER INVOICE IS FAIR PRICE TO NEGOTIATE? MONEY FACTOR? RESIDUAL% THANKS
#224 of 1385
Re: 2005 X5 3.0i LEASE [mannydom] by Sylvia STAFF
Mar 21, 2005 (8:47 pm)
Reply

Replying to: mannydom (Mar 21, 2005 8:40 pm)

Please do not type in ALL CAPS. It is difficult to read and people think you are yelling at them.
#225 of 1385
Re: 2005 X5 3.0i LEASE [Sylvia] by mannydom
Mar 21, 2005 (9:06 pm)
Reply

Replying to: Sylvia (Mar 21, 2005 8:47 pm)

so sorry...forgive me, please. what is the average residual % for this type of sav?
#226 of 1385
BUY OR LEASE? by bmw4sue
Mar 21, 2005 (11:30 pm)
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Have never leased a car & now seriously considering doing so with an X5 3.0i just because I do not want to pay more than $500 per month, which I've been told I would have to if I purchased instead of leasing.
If I bought a stripped, automatic for $43K with $7500 down, what should my monthly be? I'm a real neophyte so have no idea what a money factor is. I'm in Hollywood if that helps?
Thanks v. much!
#227 of 1385
Re: 2005 X5 3.0i LEASE [mannydom] by kyfdx HOST
Mar 22, 2005 (6:57 am)
Reply

Replying to: mannydom (Mar 21, 2005 8:40 pm)

58% residual.. Money factor of .00125
 
If they can find this vehicle, and they use the base money factor, $800-$1500 over would be a fair price..
 
That said, I don't really follow pricing of X5s that closely..
#228 of 1385
Re: BUY OR LEASE? [bmw4sue] by kyfdx HOST
Mar 22, 2005 (6:59 am)
Reply

Replying to: bmw4sue (Mar 21, 2005 11:30 pm)

First... you should never put a large downpayment on a lease..
 
Also, if you put $7500 down on a 36 month lease, you are lowering the payment by about $220/month. Does this amount factor into your $500 payment?
 
IOW, if you put $7500 down and your payment is $500/mo,in reality you are paying over $700/mo. for the car.

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