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Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions
1118 messages, Last post on Dec 07, 2009 at 11:03 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: misterep (Jul 31, 2009 11:20 am) You state that BMWFS uses the tax credit to support the residual on a lease. In that case, the value of the tax credit is already built into the price of the lease through higher residual. You will not be able to "finagle an extra discount because of the money they save" as you put it. That money would come from BMW (not the dealer) and they aren't going to give it to you on top of the residual consideration. I tried that when I first started researching this issue. You state that "Leasees do NOT qualify", but the IRS says they do. The IRS and the tax code are the authority on this subject, not BMW. The confusion comes from language in the original bulletin for Alternative Motor Vehicle Credit for Hybrid Vehicles stating "If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit." The key word is "may". It doesn't say "only" or "will" or "must" or "exclusively" or "the consumer is not eligible". It only says the leasing company can claim it if they choose to. The rest of the bulletin clearly states that taxpayers/consumers who lease are eligible. To avoid a duplicate claim, the question remains whether BMW does claim the credit. Unless you are citing an authoritative source that BMW does claim the credit for a lease, I'm going to follow the IRS bulletin.
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Hi - I was checking to see what the MF was for August 2009 for the X5 35d, 4.8, and 3.0. I am getting conflicting rates from dealers, and wanted to make sure I am getting the correct rate. Thanks.
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Replying to: usctrojan99 (Aug 03, 2009 4:28 pm) You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different. When negotiating your lease on the X5, make sure to take the $4,500 cash incentive that is available on the 35d or the $1,750 loyalty cash that is available on the 3.0 and 4.8 into account. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Aug 04, 2009 2:39 am) Thanks for the reply. I was looking 36 months/10K miles for the lease. For the diesel, one dealer said .0025 and and another quoted .0021.
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Replying to: anon3 (Aug 01, 2009 7:09 am) |
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Hi Carman, you've provided some useful information in this post. Can you tell me the MF and residual for a 2009 X5 diesel.....12000 miles per year/ 36 months? Also, when calculating the residual amount....its the residual percentage multiplied by the MSRP or the negotiated selling price. Thanks Eric 
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Replying to: eonicks (Aug 14, 2009 12:18 pm) |
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Replying to: usctrojan99 (Aug 04, 2009 5:20 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: eonicks (Aug 14, 2009 12:18 pm) BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 X5 diesel with 12,000 miles per year are .00250 and 57%, respectively. Don't forget about the dealer cash when negotiating your lease. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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A BMW dealership near me is offering up a 2009 4.8 with an MSRP of around $62k for a lease price of $560 per month for 36 months. They want $3900 cap cost reduction to get to this per month price. Anyone have any idea if this is a good price? I'm trying to figure out the ultimate sales price as it seems as thought here is a $5k spread between invoice and MSRP and I'm wondering if there is dealer wiggle room. They have a handful of 2009's left on the lot.... Thanks. |
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