2262 messages,
Last post on May 19, 2013 at 9:01 AM
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BMW X5, Car Leasing, SUV
#1061 of 2262 Dealer Contribution
by chrisch70
Sep 14, 2009 (4:34 pm)
Hi all,
I am currently in the market to purchase a new 2009BMW X5 and have a question to the current incentives posted on Edmunds for the X53.0 model. It says for the $539 monthly payment among other things, a dealer contribution of $1625 is required.
In an unrelated article in the autonews, I read that BMW offers I think it was $2000 in dealer incentives.
Is the dealer contribution a seperate item or is the dealer contribution part of the regular negotiation to reduce the MSRP? Or in other words, the dealer currently offers me a price $750 offer invoice, which seems decent offer, but can I go back and ask for an official dealer contribution or dealer incentive? Don't want to be too greedy, but don't want to left anything on the plate either...
Maybe somebody can help and point me in the right direction
Thanks and thanks to all forum participants in general. Obtained very good and valuable info's by reading through the discussions.
Cheers
#1062 of 2262 Both $1750 and $4500 discount apply?
by cdahl
Sep 20, 2009 (6:53 pm)
Working on lease of a X5-35d . Do both $1750 and $4500 (eco) discounts apply?
Thanks in advance.
#1063 of 2262 Does this sound right?
by cdahl
Sep 21, 2009 (10:05 am)
Was interested in 2010 X5d3.5
Dealer says $4500 discount applies but wants 0.0028 money factor and 0.55 residual (15k)
Alternately 2010 X53.0 no $1750 discount (only applies to 2009 model year) but will drop money factor to 0.0019 and increase residual to 0.57 (15k)
On the X5d3.5 without negotiating MSRP 65075 dealer applied $4500 discount then another $2500 off MSRP to $58075. Lease was $973 including taxes (primarily due to higher money factor).
Does this sound correct?
#1064 of 2262 2009 X5 3.0 lease questions for Carman
by lulay13
Sep 21, 2009 (11:15 am)
MSRP 59,375
3 yr lease 12,000 miles/yr
dealer quoted for 1.8 money factor
I turned in my current lease of 335i which will be up in Dec 2009 with secuity deposit of $650. They charged me $400 for 2 tires and applied $250 to the new lease.
They claimed appling $1,750 to my down payment. My out of pocket was $3,400.
My monthly payment is $689 plus tax.
Is it a good deal? Am I getting 1.8 money factor as they claim because I cannot see it in the contract?
#1065 of 2262 Re: x5 35d leasing [barnes88]
by Car_man HOST
Sep 28, 2009 (3:52 am)
Hi barnes88. Here's the information that you're looking for. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 X5 35d with 12,000 miles per year are .00280 and 57%, respectively.
When negotiating your lease on this truck, make sure to take advantage of the $4,500 cash incentive that is currently available on it.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1066 of 2262 Re: Dealer Contribution [chrisch70]
by Car_man HOST
Sep 28, 2009 (4:02 am)
Hello chrisch70. BMW is currently providing a $1,750 cash incentive on leases of the 2009 X5 3.0. This cash incentive is paid for by BMW. You should be able to negotiate an additional dealer discount with the dealer on top of this cash.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1067 of 2262 Re: Both $1750 and $4500 discount apply? [cdahl]
by Car_man HOST
Sep 28, 2009 (4:03 am)
Hi cdahl. I believe that the X5 diesel is only eligible for the $4,500, not the $1,750.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Oct 04, 2009 (1:11 pm)
I'm considering leasing a new 2010 X5 4.8 (pretty loaded). The sticker price is $76,475. I would lease for 36 mos, 10K miles per year. The dealer quoted me $1,151 + tax as a lease payment. This sounds high to me.
What should I realistically expect. I'm in Atlanta.
Thanks fo the help.
#1069 of 2262 Re: 2010 X5 4.8 [atlcarfan1]
by jayrider
Oct 08, 2009 (1:07 pm)
Ran the numbers for you and IF you had a cap cost of 73000 then your payments would be 1089 for 15k miles 36 months. Plus another 142
month taxes. Since I didn't know all the other fees -- the number is not far off. Good luck getting a discount. Residual 58% money factor .00250 [6%]
#1070 of 2262 Re: 2009 X5 4.8 lease question [Car_man]
by dcbmwowner
Oct 15, 2009 (8:22 am)
"If I was in the market for this truck, I personally would want a larger dealer discount than that..."
If you were in the market for a truck, you wouldn't be looking at an X5. It's not a truck.