Last post on Dec 10, 2013 at 11:58 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, SUV
#418 of 2563 Re: Good lease deal on 4.4i? [mkersey]
Sep 05, 2005 (10:42 am)
I got a fair deal on August 12 2005, for X5 4.4 lease for 39 month at 15000 miles/year, .20 after.
$700 a month. with zero down. no up front fee, only the first month and the security fee of $675.00 which you can get it back at the end of lease.
Here's what's on the paper,
4.4 v8, GPS Navigation, Cold weather package, 6-CD changer, Heated steering wheel,
sun roof, its like everything except the sport package.
That was in August, I went to 2 BMW Dealers in NY, one call Bayside BMW in Bayside, and the other one is Life Quality BMW in Brooklyn. I paid for deposit, and my applications went thru for an approval. but both of dealers wouldnt give me the car. They said all the X5 in the usa are sold out. Can you believe that, then I found out, starts September 1, the rate from BMW went up a lot. that's why they are holding the cars. so, I filed 2 complaints to consumer affair againt those 2. and, 2 days ago, I called the BMW of North America, they said the new program just started, that's why the rate is so high. The man told me to wait till the end of october, then the price will drop down to regular. Yesterday, Someone emailed me an internal memo regarding BMW's changing rates for September and November. I deleted my email already, otherwise I would email it to you.
remember, out of packet is $1475.00 when pick up a car. nothing down.
So, that's my story
#419 of 2563 September Incentive Program
Sep 06, 2005 (4:24 pm)
According to this web site - for the month of September BMW is offering a $5,000 cash to dealer incentive. Will be curious to see the leasing programs for September and do some number crunching.
How much under invoice should we be paying now?
#420 of 2563 Re: Good lease deal on 4.4i?
Sep 06, 2005 (10:29 pm)
Please like to find out the name of the dealership that you mentioned-above. It sounds like really a very good deal for no money down.
Did they give you a lease figure if putting $4K down/how much the month lease is for the same car?
#422 of 2563 Re: September Incentive Program [drtravel]
Sep 07, 2005 (7:15 pm)
I have talked with my dealer;he said it is better for buying the car than lease at this time since the base rate has gone up to .205 to .250 instead of previous .0011 or .00075 it has double itself. So it is a selling market for dealer to get rid of the old BMW stock. Hope the base rate come down in Oct or Nov instead.
#423 of 2563 Re: Good lease deal on 4.4i?
Sep 07, 2005 (7:16 pm)
Hi Dr. William,
I have forwarded your info about getting the 4.4i to my BMW dealer;he said the number does not make sense? He said the deal is too good to be true but if you can provide me more info about the dealer so I can contact them. I don't care where I get the car but as long as it is a good deal. Please advise.
#424 of 2563 Re: Need help, confused!! but gettin better [kyfdx]
Sep 08, 2005 (1:10 am)
Tried again and got the following on an 05 4.4 with premium and sports pkg and 19" wheels.
649 mo with at cap cost of 57000 msrp (59895) plus 825 bank fee that they are bumping the 200.
they lowered the payment by dropping 1985 off msrp and using a MF of .0011. Also provided me with 12k miles instead of the former 10k on a 39 mo lease.
given the new MF despite the incentives it seems like it may be my best deal now.
waddaya think? without your previous input, I wouldn't have gotten to where I am.
#425 of 2563 Re: Need help, confused!! but gettin better [dreamland]
by kyfdx@Edmunds HOST
Sep 08, 2005 (3:23 am)
They must be using the August program... maybe, they were able to lock you in, since you were in there negotiating last month...
I think, that even with the new dealer cash incentives, that it would cost more to lease this car under the September program..
$1400 due at inception, right? You better grab this.. $650/mo for a $59K car is pretty good.... It might be $100/mo. higher under the September program..
#426 of 2563 Re: September Incentive Program [mib90024]
Sep 08, 2005 (8:07 am)
I went ot the bmwusa web site and tried to calculate the details of their lease special (why don't they ever publish the money factor?). Here's how I derived the $459 figure:
MSRP = $43,670
Sales price = $39,770 (you pay $2,500 upfront plus they discount the car $1,400)
Residual = 57% ($43,670 X 0.57 = $24,892)
Money factor = 0.0012 (came from the X5 leasing forum)
Payment is $459.08 plus tax
The residual value is given in the ad (36 mos 10K miles) - I don't know what the money factor is for September but it was 0.00075 in August. Of course BMW dealers are known for bumping up their money factors so I would wait until I know what the official money factor is.
Now for the same car MSRP of $43,670 has an invoice of $40,030 less the $5,000 cash incentive or $35,030. So I might pay $36-36.5K.
#427 of 2563 Re: September Incentive Program [drtravel]
Sep 08, 2005 (12:14 pm)
The sales price should be $38,670 (you pay $2,500 up front plus they discount the car $2,500)
Payment is exactly $459