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Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions
1107 messages, Last post on Nov 21, 2009 at 6:41 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a BMW X5. Thanks. Car_man Host Smart Shopper / Prices Paid Forums
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Just got back from the dealer. They told me the following info. 3.0 X5 Money factor: .0012 Residual: 54% I calculated this against the lease special of $459/mo on a $43670 X5 listed on bmwusa.com and came within $10 per month. None of these numbers reflect the $5000 dealer cash I've seen mentioned. My question is, with the $5000 dealer cash from BMW, how much off MSRP should I be shooting for now? We are looking at an X5 3.0 Auto with Prem, CW, Rear Climate, Xenons and Nav., MSRP $52020. Also, should I expect to get better discounts if I want to get the X5 and an 06 330i at the same time? Thanks in advance for the help.
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Morning Car Man, Looking for money factor and Residual for X5s, both 3.0 and 4.4. 24 and 30 months 15K/year Also, want to know if current marketing support can be used with leases. Thanks in advance. |
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Replying to: tpjcourtney (Sep 07, 2005 2:48 pm) 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 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 officila money factor is.
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Replying to: drtravel (Sep 08, 2005 7:58 am) I think if you recompute, you'll find that it is both $2500 down and a $2500 discount off MSRP. Using those numbers with 57% res. and .0012 MF I hit $459 to the penny. No other fees included. At least I know what I'm dealing with now. Thanks drtravel for your insight. Still, the big question is, what kind of discount should I be looking for overall with the $5000 dealer cash. Looks like edmunds TMV is about $6k off MSRP. If BMW is giving up $5k of that then the dealer is still making 3k over invoice on an end of year car. That seems like a lot since people aren't paying that for 06 330i's.
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Replying to: tpjcourtney (Sep 08, 2005 8:38 am) Think about it this way the dealer is getting $5,000 from BMW but is only discounting the car $2,500 - looks sweet to the dealer. I say you should be able to get the lease deal without putting down any money - that way BMW is actually subsidizing the money factor instead of making the customer pay more upfront to cover their lost interest.
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Replying to: drtravel (Sep 08, 2005 12:08 pm) They get the $459/mo figures the following way. MSRP $43670 Selling price $37870 ($5000 bmw cash + $800 dealer) Down pmt. $2500 Residual 57% or $24892 (for 10k/yr, 54% for 15k) Money Factor .0028 (same as 6.72% interest!!!) The .0012 lease rate was last month and is now more than double. The dealer I talked with was only willing to add another 475 off to to the numbers above for a total of $6275 off MSRP. A total lease price before TTL of $439/mo. on a X5 3.0 w/auto. The car we wanted with premium, cw, climate, nav, xenon & sd mirrors with an MSRP of $51370 gives a pmt of $673 w/o TTL using the above numbers. Much different than the $500/mo. the last senario brought me to. Hope this helps someone, I doubt we'll be buying one at that lease rate.
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Replying to: tpjcourtney (Sep 09, 2005 11:41 am) Thanks for the numbers. I agree it doesn't make sense to lease this vehicle. |
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Can anyone let me know what a good lease rate on an X5 3.0 with premium/auto for 24months and 15k/y would be?. And is it better to wait till years end? Also I was told last month was a much better deal and they no longer lease 05's. Any help would be appreciated. If anyone knows of any good 24m/15k leases on a nice car if you can let me know. Thanks! -Jay |
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Replying to: tpjcourtney (Sep 09, 2005 11:41 am) 2005 X5 3.0 - lease for $396 + tax 36mo/30K MSRP of $45,020, selling price of $37,532 ($7,488 of MSRP), cap reduction of $3,000 so total cap cost is $34,532 Using 57% residual and 0.0028 money factor I come up with a payment of $414.95. Not sure how they calculated the $396. Total drive off is $5,168 whcih includes $3,000 cap reduction, $450 security deposit, $625 acquistion, $396 first month payment and $697 of something else - maybe additional cap reduction?
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