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BMW X5, Car Leasing, SUV
#1087 of 2262 2010 X5 lease calculation help
Nov 05, 2009 (10:36 am)
i'm in the process of finalizing my lease deal but i feel as if they are playing with numbers quoting me outrageous numbers. can someone tell me what an appropriate monthly payment should be as well as out of pocket cost?
msrp is $58,625
negotiated it down to $55,810
after bmw holiday saving of $2,500 it is $53,310.
lease for 36months/10,000miles
what's exactly included in out of pocket cost?
does anyone know how to calculate monthly payment?
#1088 of 2262 Re: 2010 x5 lease [bjordan1]
Nov 05, 2009 (10:41 am)
Its not a great deal. They should be selling you that car for $6000 to 6500 off MSRP (which includes $3500 to 4000 dealer discount off MSRP and the $2500 rebate) ask that what the capitalized cost is.
#1089 of 2262 Re: 2010 x5 lease [stanesq]
Nov 05, 2009 (11:10 am)
$6000 to $6500 off the msrp seems a little unrealistic here in socal. $55,810(before $2500 rebate) was best price quoted from 6 different dealers. X5 seems to be in high demand with shortage of vehicles at this time. btw, can you do lease calculation? the cap cost should be $53,310.
#1090 of 2262 Re: 2010 x5 lease [jpmp]
Nov 05, 2009 (7:28 pm)
Im dont really know how to do lease calc easily, sorry.
X5 is not in high demand and dealers are concerned that when the 2011 coming in march becomes VERY public knowledge wthey will have a hard time selling 2010s X5s
#1092 of 2262 Re: 2010 x5 lease [tidester]
Nov 06, 2009 (6:50 am)
Tidesterman -- putting posters to work. Making them do there own thing. Keeping extra time for himself. Booyah !!
Nov 06, 2009 (4:13 pm)
What is the current money factor and residual for 2010 BMW X5 35d, 36 month and 10,000 miles year. How is BMW calculating the current offer of 559/mo, I tried using the calculate lease formula's, but unless there using a near zero MF. i'm not close.
#1094 of 2262 Re: Car Man [dutche]
Nov 07, 2009 (10:10 am)
Here's how I figured it out, based on the info given on the MB site for the $559/mo advertised lease:
MSRP 55, 925, Security Deposit 600, Acquisition Fee 725, 36 mo, 10K, Cap Cost Reduction 4,100.
Back-calculating I got a figure of 49,650 for the gross cap. cost, which resulted in the $559/mo figure.
I was at the dealer yesterday for a X5d test drive and asked them about this calculation and they confirmed the 49,650 figure. When asked how this works got the following indication (never a straight answer of course):
MSRP 55,925 - Eco Credit 4,500 - Dealer Conribution 1,775 = 49,650.
I mentioned that MB doesn't say the 4,500 is rolled into the cap cost figure and they said "Yes, it is not very clearly worded".
Of course on the mbworld.com forums people mentioned that for the 2010 X5d they are getting $500 over invoice (51,480 per Edmunds) and then still have the 4,500 to apply to the cap reduction, so basically 47,500 for the cap cost in the lease calculation. One poster sent me the name of a dealer in Arizona who will do the 500 over deal.
Hope the above answers your question.
#1095 of 2262 Re: Car Man [dhkhan]
Nov 07, 2009 (7:59 pm)
Thanks, sure does. What was the money factor you used? And I assume the residue value was 58%. Thanks
#1096 of 2262 Re: Car Man [dutche]
Nov 08, 2009 (7:57 am)
BMW numbers for 2010 X5d that I used are:
Money Factor: 0.00250