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Prices Paid: Buying & Leasing Experiences 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
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Replying to: dpeck1 (Jul 02, 2009 5:58 pm) 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...
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Replying to: yz1281 (Jul 02, 2009 3:39 pm) 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 |
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Replying to: rahulskh (Jul 05, 2009 8:01 am) 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 |
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Replying to: yz1281 (Jul 02, 2009 3:39 pm) So what is a good negotiated sales price on an x5 that has a Msrp of approx, 58K ?
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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 |
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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
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Replying to: yz1281 (Jul 06, 2009 3:07 am) 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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Replying to: dpeck1 (Jul 13, 2009 9:16 am) Apparently, the recession caused Honda to slow its production dramatically. As a result, its inventory situation is low enough that it didn't feel the need to provide support on trucks right now. If I had to make an educated guess, I would say that BMW's August lease program will be at least as good as its current one...but in this environment it is difficult to say what will happen for certain. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Jul 15, 2009 2:45 am) BMW will tell you that leased X5 diesels are NOT eligible for the $1,800 tax credit. I asked my sales person to research this with BMW North America and they provided paperwork that confirms BMW's statement. BMW's web site also says that a leased X5 3.5d is not eligible for the tax credit. However, the IRS says different: "For a taxpayer to claim the credit, the original use of the vehicle must begin with the taxpayer and the vehicle must be acquired for use or lease by the taxpayer and not for resale." This statement is from the IRS bulletin for Qualified Advanced Lean-Burn Technology Vehicles that identifies the X5 diesel as being eligible for the tax credit. Fueleconomy.gov has similar language and refers to the IRS bulletin. So if this IRS statement can be taken at face value, BMW is point blank wrong that a taxpayer can't claim the tax credit after leasing a diesel X5. However, BMW will also tell you that claiming the tax credit is up to the tax payer, so they're not stopping you from claiming it.
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Replying to: anon3 (Jul 31, 2009 9:17 am) Lessees are not eligible to claim a tax credit. The leasing party — say, a dealership — can claim the credit. You might be able to finagle an extra discount because of the money they save, but that's up to them. Documentation includes a Bill of Sale from the dealership. BMWFS uses the tax credit to support their residuals and MF on these vehicles.
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