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You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, Car Leasing, SUV
Dec 21, 2009 (6:03 pm)
Here is the offer I am getting for a 2010 BMW X5 xDrive30i
Rear Climate Package
iPod and USB Adapter
MSRP is $56,225.00
Dealer is willing to sell for $53,280.00
Looking to lease for 3yrs/12k miles per year.
He has quoted me Down payment 6000 + 2500 bmw credit = 8500 total
Monthly Payment $611.32 without tax = $670.92 with tax (LA area)
Is this a good deal? I am not to good at all with negotiating so any help would be great...
#1123 of 2262 BMW X5 lease
Dec 21, 2009 (7:10 pm)
Hello, looking if is bmw x5 2009 loaner car with 7000m, for lease $600 a moth plus $1500(bank fee, 1st payment, and dmw fee). Is this a good deal? Thanks
#1124 of 2262 bmw x5 lease
Dec 21, 2009 (7:18 pm)
hello, I have offer for 2009 x5 loaner car with 7000ml.
msrp is 54,075.
cold weather package
rear climate package
iPod and USB
lease is 36m/10k.
payment $600/m and $1500(1st payment, bank fee, DMW fee)
Is this a good deal? Thanks
#1125 of 2262 New to Leasing - Need help!
Dec 23, 2009 (8:20 pm)
I am new to the leasing world, as I have always financed my cars, but I am looking to give leasing a try to replace my X3 for an X5 diesel. I have read every article I have found and have learned to do my own calculations, which so far seems to have worked as I have been able to get a detailed itemized offer (after a couple back and forths with the sales guy, showing him I could do my own math...) from the dealer in Ft Lauderdale FL. I have the following offer on the table:
Eco Credit from BMW $4,500
Dealer Discount $2,500
Until here it looks reasonable ($55,825) if I compare with Edmunds TMV ($56,518). However to get to cap cost, the dealer also adds the following:
Acq fee: $925 (which from what I read BMW FS charges $725 for the X5, meaning the dealer is marking it up by $200)
Dealer fee: $549 (this one I have no idea if its legit or just another way for the dealer to get profit back would like feedback from the experts out there).
With a $2,500 down payment my cap cost ends at $54,699 which with a 36 term (12,000 miles) and a money factor of 0,0025 works out to a $754+tax monthly payment. So after all this, is this a reasonable offer and specifically your thoughts on the acq fee mark up and the infamous "dealer fee"?
Also, upfront out of pocket has been itemized by the dealer as follows:
$2,500 down payment
$ 800 Security Deposit
$ 200 Tag Transfer
$ 799.22 first payment
$ 150 taxes on cap cost (this one I still don't get and maybe you can help me understand it, as I see it taxes on cap cost are being paid by taxing the monthly payment)
Would appreciate your feedback on this, as I said I am a rookie at this lease thing.
Thanks and happy holidays.
#1126 of 2262 MF and Residual Value quote for 2010 X5 4.8
Dec 23, 2009 (10:09 pm)
I was just quoted a money factor of .0024 and a residual value of 60% for a 2010 x5 4.8 with 3 yr/12k miles per year.
Is this reasonable?
the other thing I don't quite get from this thread is are dealers selling X5s for a certain markup over invoice minus the rebate? In other words, is anyone getting deals (including the holiday credit) that gets them the car AT true invoice or very close?
#1127 of 2262 Re: New to Leasing - Need help! [senninha]
by kyfdx HOST
Dec 24, 2009 (5:15 am)
You seem to have a pretty good handle on it..
1) The acquisition fee is marked up the maximum $200 that BMWFS allows.
2) The dealer fee of $549 is pure extra revenue for the dealer..
3) Cap cost reductions paid upfront reduce the monthly payment by a similar amount, lowering the tax collected on the payment... Almost all states collect sales tax on upfront payments (including the acquisition fee).
Chances are, you won't be able to get the dealer to waive the dealer fee and/or the bump in the acquisition fee. I don't know the money factor on the X5 diesel, but if they are bumping the acq.fee, they usually are bumping the MF, as well... Your negotiation point is probably to get them to lower the price of the vehicle, rather than eliminate or reduce the fees. ("When we agreed on a price, I didn't know you were going to stick me with $750 extra in fees... I want more off!")
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#1128 of 2262 Re: New to Leasing - Need help! [kyfdx]
Dec 24, 2009 (7:45 am)
Thanks for the clarification, this was offered to me without any price negotiation so I think I still have a couple of ropunds of true negotiation to get the price down. Will let you know how it goes.
Dec 24, 2009 (12:16 pm)
Just got a quote for a 2010 X5 4.8...
- Premium Package
- Premium Sound
- Sport Activity Package
- Roof rails
- Rear Seat Entertainment
- Heated Front Seats
MSRP of $65,725 (which includes $825 destination fee)
The quote I got is $59,320 (which includes the $2,500 holiday rebate, plus MACO i/a/o $200, Dest Charge i/a/o $825 and Training/Svc fee of $180).
I calc'd my lease pmt to be $789+tax and title.
#1130 of 2262 X5 4.8 lease
Dec 28, 2009 (2:37 pm)
I ordered an X5 4.8 with the following lease conditions:
Cap cost: $71,365 (neg. price)
36 month, 15k/year
lease inception fee: 725
$1040/ month ( tax in), no down payment. Drive off of: $3000
What do you guys think? Decent deal?
#1131 of 2262 lease rates
Dec 28, 2009 (5:10 pm)
Does anyone know the current lease rates for a 2010 X5 35d for 3 years and either 10,000 or 12,000 miles or preferably where I can find them. Any help would be greatly appreciated. Thanks!