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BMW X5 Lease Questions

1108 messages,  Last post on Nov 22, 2009 at 6:35 PM

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

What is this discussion about? BMW X5, Car Leasing, SUV


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#1010 of 1108
Re: X5 diesels further incentives [dpeck1] by ardvarkus
Jul 02, 2009 (5:05 pm)
Reply

Replying to: dpeck1 (Jul 01, 2009 9:52 am)

I heard the same thing, BUT NEED SOME CONFIRMATION!
 
I am actually pretty surprised folks aren't talking about it, make me wonder... but your post is exactly what I heard from a salesperson (who might have spoken too soon)
 
Not sure if it is a cash rebate, dealer incentive or lease incentive.
 
Anyone????
 
A
#1011 of 1108
Re: X5 diesels further incentives by dpeck1
Jul 02, 2009 (5:58 pm)
Reply

Replying to: ardvarkus (Jul 02, 2009 5:05 pm)

Found out from two dealers it is a $4,500 options credit in liu of the $1750 offered now. HOWEVER, if you lease, they bumped the rate up from .0018 (4.32%) to .0025 (6%), so really doesn't save a whole lot. But if you figure that most dealers will give you $4,000 off MSRP, you could save $8,500 on the 35d. Just pray the price of diesel stays low and that you can find it.
#1012 of 1108
Re: Leasing 09 BMW X5 [Car_man] by rahulskh
Jul 05, 2009 (8:01 am)
Reply

Replying to: Car_man (Jun 29, 2009 4:35 am)

Thanks for your advise Car_man! I still have a months time for my other lease to expire and thats when I would start shopping aggresively for x5. Had couple of more questions.
1) Is money factor purely based on credit score?
2) What is max money factor?
3) Do you think which would give me lower payments 24 months or 36 months?
4) What would be your preference 24 or 36 mths?
5) Do you know when 2010 is coming out?
6) Do you think if I wait for 2010 to come out I can get 10k off of the MSRP (59k)?
 
Please let me know.
Thanks
#1013 of 1108
Re: X5 diesels further incentives [dpeck1] by ardvarkus
Jul 05, 2009 (10:23 am)
Reply

Replying to: dpeck1 (Jul 02, 2009 5:58 pm)

Yes, it replaces the 1750 lease credit.
 
The good news is that the 4500 is a straight reduction in the cost to the dealer- so it can be applied to a purchase, loan or lease.
 
I never lease, I purchase or use a line of credit, so creative financing is useless. Give me a lower cost!
 

 
A
 
PS "Find diesel"?!?! You must not own a diesel. For me an F2504x4 PSD and a diesel tractor, and finding diesel (think truck stops) is never a problem.... in hundreds of thousands of miles...
#1014 of 1108
Re: X5 lease help [yz1281] by Car_man HOST
Jul 06, 2009 (1:50 am)
Reply

Replying to: yz1281 (Jul 02, 2009 3:39 pm)

Hi yz1281. BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2009 X5 3 with 15,000 miles per year are .00180 and 55%, respectively. A money factor of .00180 is equivalent to an interest rate of around 4.3%. I wonder if the dealer quoted you a balloon note on this truck. Given the fact that you are in Texas it would not surprise me.
 
Dealers do not usually tack on an explicit charge for swapping for a vehicle, but don't expect to get the best possible deal on one that the dealer has to go out and get. Dealers would much rather sell you something that they have in stock.
 
Unfortunately, lessees do not get any credit for unused mileage.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1015 of 1108
Re: Leasing 09 BMW X5 [rahulskh] by Car_man HOST
Jul 06, 2009 (1:58 am)
Reply

Replying to: rahulskh (Jul 05, 2009 8:01 am)

No problem rahulskh. While many banks' money factors vary by credit score, BMW Financial Services uses what one might call a pass / fail system. Either a lessee qualifies for its best available money factors or they cannot lease through them at all. BMW Financial Services' July buy rate lease money factor for an '09 X5 3.0i is .00180 for returning BMW FS customers or new ones who opt to pay a security deposit at lease signing. BMW will waive its security deposit requirement for new customers in exchange for a .00015 money factor increase.
 
Dealers are often allowed to mark vehicles' money factors up, and BMW dealers are notorious for doing so. Savvy customers who are in an area that has a decent level of competition can usually convince dealers to use the buy rate to calculate their monthly payment.
 
Typically 36 month leases provide much lower monthly payments than 24 month leases. This is because new vehicles experience their most rapid depreciation hit during the first year of ownership. Thirty-six month leases have an extra twelve payments to spread out this large initial depreciation hit out over.
 
I don't know exactly when the 2010 X5 is scheduled to arrive at dealers. When the 2010s do begin to arrive, I suspect that you will be able to negotiate a selling price that's fairly close to dealer invoice, perhaps a couple hundred dollars over, minus any available cash incentives on a leftover '09 model.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1016 of 1108
Re: X5 lease help [yz1281] by yz1281
Jul 06, 2009 (3:07 am)
Reply

Replying to: yz1281 (Jul 02, 2009 3:39 pm)

thanks for the reply car man.
 
So what is a good negotiated sales price on an x5 that has a Msrp of approx, 58K ?
#1017 of 1108
X5 Diesel lease Deals by nycbmw
Jul 11, 2009 (4:24 am)
Reply
Just started lease search for x5 diesel.
first try:
Premium Pkg., Cold Weather Pkg., Rear Climate Pkg. & Ipod Adapter.36 Months, 12,000 miles. $0 down as cap cost. The payment is $729.99 including tax with $2799.00 due at inception this includes the First Month, Motor Vehicle Charges, The Bank Acquisition fee,.dealer conveyance & $799 Security Deposit.
 
what i can figure is MSRP is $57975 and Invoice is $53,350.
 
This initial quote is pretty awful i think. any comments?
 
ps. sales tax here is ~6%
 
Thanks
#1018 of 1108
money factor changes by dpeck1
Jul 13, 2009 (9:16 am)
Reply
Carman:
 
I have been holding off ordering an X5 for lease. The MF is .0018, (4.32%). Do you think BMW will lower that rate come August? Thanks.
 
DP
#1019 of 1108
Re: X5 lease help [yz1281] by Car_man HOST
Jul 15, 2009 (2:45 am)
Reply

Replying to: yz1281 (Jul 06, 2009 3:07 am)

You're welcome, yz1281. I am not personally intimately familiar with what the market is like for the X5 right now, but if I was interested in getting one I would shop around and aim for $500 to $750 over dealer invoice. You can look up the invoice price of the exact truck that you want over in the New Vehicle Pricing section of this site.
 
Make sure to stop by the "BMW X5 Prices Paid and Buying Experience" discussion for additional feedback on how much you should pay for this truck right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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