Last post on Dec 04, 2013 at 8:30 PM
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BMW X5, Car Leasing, SUV
#1032 of 2373 2009 X5 4.8 lease question
Aug 19, 2009 (5:30 pm)
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....
#1033 of 2373 Re: 2009 X5 4.8 lease question [elansp]
Aug 20, 2009 (1:46 am)
Hi elansp. You really should have the dealer tell you the selling price that they are charging you for this truck. As you know, the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without the selling price, it is difficult to tell how large a dealer discount you are being given, and in turn if there is any room left to negotiate. Let us know what this truck's selling price is and I;m sure that either myself or another knowledgeable community member will gladly tell you what they think.
Prices Paid: Buying & Leasing Experiences Forum
#1034 of 2373 Re: 2009 X5 4.8 lease question [Car_man]
Aug 20, 2009 (6:55 am)
Understood - as it was closing time for the dealership, I asked the salesman and he said he'd get back to me. The ad on the dealer's website doesn't indicate selling price and 10k/year. I noticed that the invoice to MSRP spread is almost $5k. For a 2009, should I be able to get it close to invoice plus any additional cash back to net my monthly payment down?
Thanks ina advance.
#1035 of 2373 hey elansp, that sounds like a good price to me
Aug 20, 2009 (7:56 am)
that dealership wouldnt be in southern california would it?
I would lease that / want to lease that
#1036 of 2373 Re: hey elansp, that sounds like a good price to me [jason_jm2005]
Aug 20, 2009 (1:41 pm)
Nope, not in CA.....I think here in NY/NJ/CT X5s have fallen out of favor - gas guzzlers, economy stinks, etc. I know BMW is kicking back $1750 to lower lease payments but I think for leftover 2009s based on what others have posted, I should be able to get it close to invoice which should yield attractive monthly lease payments given that 2010s are starting to pop up....
#1037 of 2373 2009 X5 3.0i Lease Quote
Aug 20, 2009 (11:01 pm)
Dear forum members,
I'm in the market trying to lease a BMW X5 3.0i. I have just received a quote from one dealer and was just wondering if I could get comments from you.
10k miles / 36 month
The drive off cost is
Fees & Ins: $758 (the dealer said this is a bank fee)
Cap Reduction: $4,990
plus 1st mo. payment
plus upfront taxes
minus the customer rebate of $1,750
There is also a Documentation fee of $55 and flat add/county fee of $26 to the total sales price.
Am I getting an okay deal or a bad deal? First time leasing a BMW X5 so any comment / help will be appreciated.
#1038 of 2373 Re: 2009 X5 3.0i Lease Quote [so190]
by kyfdx@Edmunds HOST
Aug 21, 2009 (3:19 am)
#1039 of 2373 Re: 2009 X5 4.8 lease question [Car_man]
Aug 21, 2009 (9:21 am)
Here are the details as received from dealer on a 2009 x5 4.8i:
PRICE : 57,196
He said BMW money factor - .00155 with 59% residual
$8,379.56 out of pocket for 1st mo, security, DMV fees, NJ and luxury taxes, etc etc etc. This is for 10k/year 3 year term.
Anyone - thoughts???
#1040 of 2373 x5 4.8 addtional
Aug 21, 2009 (12:43 pm)
BTW above numbers included the $1750 credit...
#1041 of 2373 Re: 2009 X5 3.0i Lease Quote [kyfdx]
Aug 21, 2009 (10:45 pm)
Kyfdx, thanks for your reply and sorry for my not including the complete info.
The payment is $577+tax
MSRP is $65,770
Demo vehicle with 12,993 miles
The dealer said they would subtract $0.2 * the current odom of 12,993 from the MSRP to calculate the lease price.
Purchase option is $34,398..
Thanks once again.