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BMW X5, SUV
#314 of 2455 BMW X5 2005 Lease Question
Jul 05, 2005 (9:23 am)
I am considering the BMW X5 2005 for lease and have seen it advertised for $459/mo. with like $3800 total inception fees. I have also seen many other manufacturers offer Zero Down on many cars (like Jeep) for very low prices (i.e jeep wrangler - 188/mo., jeep grand cherokee - 259/mo.).
My question is this....if these jeep and other manufacturers can offer zero down (sign and drive) and keep the payments very low, why can't I ask for the same from BMW? Can I go to the dealer and say...here is my 790 beacon score, I want this X5 for $459/mo with ZERO DOWN. Can it be done???????
Thanks for your help.
#315 of 2455 X5 3.0 L Lease in WA state
Jul 05, 2005 (10:03 am)
Following is a quote that I got from a dealer here in Seattle, does it sound like a good deal. Thanks in advance for your advice.
THE CAR THAT YOU SAW SILVER/BLACK LEATHER, ALL THE GOODIES!!! (SPORT/PREM/COLD/CLIMATE/XENONS).
YOUR PRICE! $50168.
36X LEASE WITH 10K PER YEAR 672.48 PLUS TAX WITH
$1500 TOTAL OUT OF POCKET. RESIDUAL AT END OF TERM IS 31549.20 AND YOUR RATE IS 4.3% ON THE LEASE.
IMPORTANT NOTE! YOUR 1ST 32 PAYMENTS ARE WITH NO TAX, YOUR LAST 4 WILL BE WITH TAX IN YOUR AREA (9.1%). REASON IS, YOU HAVE TAX CREDIT ON YOUR TRADE IN
#316 of 2455 Re: X5 3.0 L Lease in WA state [4am]
by kyfdx HOST
Jul 06, 2005 (9:00 am)
I don't have the new numbers for July, but I'll assume they are the same as June..(and, I'm pretty sure they are).
1) $1550 is not much of a discount.. At this time of year, and on a not-that-popular model, I would expect $2500-$3000 discount from MSRP at a minimum..
2) I'll assume that the $1500 includes the acquisition fee and the first payment..
3) It looks like they are bumping the money factor the maximum .0004 and also waiving the security deposit for an extra .00015.. This takes the MF up to .0018 (which equates to 4.3%) from the base MF of .00125.
So, small discount, money factor bumped the maximum.. not a very good deal..
With a $3000 discount from MSRP, acquisition fee of $625 added into the cap cost, base MF of .00125, and upfront of 1st payment and security deposit (still should be around $1500 total), the payment would be about $596/mo.+ tax..
So, they still have about $75/mo. to come down... I'd want at least $60/mo. of that, before I'd consider it a good deal..
#317 of 2455 Re: X5 3.0 L Lease in WA state [kyfdx]
Jul 06, 2005 (11:32 am)
Thanks! for the sound advice. I will go back in......to negotiate.
#318 of 2455 Fair price for a 2005 X5 4.4i
Jul 07, 2005 (4:29 pm)
How much is a fair price over invoice these days for a 2005 X5 4.4i ?
Is $1000 over invoice too much of a stretch ?
Any input or experiences greatly appreciated ....
#319 of 2455 Re: Fair price for a 2005 X5 4.4i [ca_man]
Jul 10, 2005 (2:22 am)
I just purchased an 2005 X5 4.4i for $64,250 out the door.......MSRP on it was $62,695. It has sport, premium, rear climate, & cold weather packages with nav & 19" rims. The invoice I saw on the dealer computer showed $57,810, and I got it for $58,890 before tax and reg. I think I got a decent deal...probably could have gotten a better deal if I didn't know the guy and was willing to walk away, but I REALLY did want to get the car right then and there. You might be able to get a better deal, maybe $500 over invoice, if you order it and are willing to wait the 6-8 weeks it takes to build one. I tried to see if they would do it $500 over invoice, but even the volume dealer in the Los Angeles County(Pacific BMW in Glendale) said they can't do that. Hopefully that helps.
#320 of 2455 Did I get jiped?
Jul 11, 2005 (8:11 pm)
I just recently leased a 2005 x5 3.0,Toledo Blue/Gray Interior (Premium/Rear Climate/Park/Xenon), This is my first time leasing a beemer, want to know if I overpaid and got jiped:
Downpayment = $4k,
Total Monthly payment = $571 / mo (39 months lease 12k mi)
MSRP = $49170
Gross Capitalized Cost = $49k (I bought the Perma plate ($695) to protect my car)
- Just curious of the feedback so I would be better prepare next time, but otherwise I love my new car!!!
#321 of 2455 Re: X5 2005 3.0 CALIFORNIA [vic528i]
Jul 11, 2005 (10:21 pm)
it was listed in there websitei 41700 (wrong price)
and the dealer honor his mistake. very honest people
orginal price 52700
#322 of 2455 Lease Advice - First Timer, Is This a Good Deal?
Jul 13, 2005 (12:54 am)
05 X5 3.0
39 mo lease
637 / mo incl tax
I'm thinking that this is an overall good deal
#323 of 2455 Buying in Chicago - Good Price????
Jul 13, 2005 (6:50 pm)
Looking at an X5-3.0 - Premium/Cold/Heated Stearing/Rear Heat *after all it is cold up here in the winter*
MSRP is $48,570
Sell: $45,970 ($2600 off of MSRP)
On a 39 month term with 12,000 miles per year and $0 down, payments are $688. This is based on a 61% residual and an APR of 4.5% and includes all sales tax, license and title. Literally $0 out of pocket at lease signing - includes tax, title registration. No security or first payment required. There is no acquisition fee. For every $1k we could/would put down the payment would go down $30.00/month.
This is Owners Choice financing offered by BMW, basically a baloon. At the end of term you have 3 options, pony up the cash, refinance or turn in.
In Chicago on any lease, we have to pay 9% sales tax on the sell price of the car. We also have to add an additional 6% to every monthly payment for a City of Chicago Lease tax. We are looking at this because of the tax issues described above.