Last post on May 18, 2013 at 1:32 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, Car Leasing, SUV
#1200 of 2260 Re: 2010 X5 [kl07rph]
Apr 21, 2010 (6:31 pm)
- I think the difference b/w IL and other states is that you are taxed on the value of the car (as opposed to just lease payments), but I am pretty sure that you can still roll your sales tax into the lease ("capitalize" it)
- In Chicago there's also an additional tax on each lease payment
Amount due at signing: I doubt that it includes sales tax since the inception fee and security deposit is 750 (for non-bmw customers) and 875... So it's not clear what the dealer is doing
Money Factor/Residual: I've seen different numbers on the internet, you may want to double-check yourself. Dealer can mark-up money factor!!
In any event, if he's not willing to give more information, he seems to be into game playing I guess you have to decide whether you want to deal with that.
#1201 of 2260 Re: 2010 X5 [oiakou]
Apr 22, 2010 (8:03 am)
Thanks for the clarification! I know IL is crazy in that sales tax is applied to the entire car (versus per payment), but I'm still hearing conflicting rules whether tax is paid upfront or not (it's all hearsay since all but 1 dealer have stated tax is upfront). Need to consult my state's books to find the truth...
I'm glad you confirmed my suspicions; for the life of me I could not come up with the inflated numbers my CA quoted! Not to mention they based the MF on 0.0023 for a '10 X5 3.0, which is much higher than the base 0.00175 listed on ridewthg.com. Compounded with the inflated monthly, I didn't take the deal even if it was one "I couldn't refuse."
Apr 22, 2010 (7:58 am)
1. In Illinois, the state tax is indeed paid all upfront. Either in cash or added to your loan value (if the lender allows). If you lease, it is either paid up front or added to the cap cost and paid entirely over the term of the lease.
2. X5 money factor for a 36 month lease on a 2011 50i is about .00215.
#1203 of 2260 2011 X5 availability
Apr 25, 2010 (12:31 am)
Anyone knows when is the 2011 X5 coming to the showroom?
thanks in advance.
#1204 of 2260 Re: 2011 X5 availability [zhecks]
Apr 25, 2010 (10:28 am)
I just spoke with a sales person here in the Cleveland area and he said he had one coming Monday or Tuesday of this week.
#1206 of 2260 Total Annual Fees
May 06, 2010 (5:01 pm)
My lease quote includes a line item for "Total Annual Fees" and the cost is $275. Anyone know what this is? I'm in NY if that makes a difference.
#1207 of 2260 2011 Test Drive and Lease Offer
May 09, 2010 (7:29 am)
Found a 2011 35i in Sacramento, with Premium, Cold, Tech and Sport Package. $62k. Did a quick neighborhood drive and found it much more responsive than a '10 30i and '10 35d. I'm not trying the 50i just because its more than I can justify.
If the dealer would have disposed of my ML350 with 4 months left on the lease, I would have done the deal, but he said I'd have to get rid of it myself. Couldn't justify the $2300 loss for my impatience.
The offer (without having to work) was 2k off MSRP, 63% residual but a questionable 0.00264 factor for 36 months (12k miles). More reasonable terms were offered, but I decided not to keep working because I didn't want to deal with the ML.
CAR_MAN, do you have any official info regarding the money factor for the 2011's? Knowing that Audi has a 0.00101 rate gives me some pause about a factor that is more than double, since Audi's Q5 is supposedly in high demand, yet has the low rate.
Based on the residual for the BMW, it's almost the same payment on a Q5 with its 49% residual, even though the vehicles are $18k apart (as I want configured).
#1208 of 2260 Re: 2011 Test Drive and Lease Offer [awf_axis]
May 09, 2010 (11:03 pm)
Here is the money factor for 2011 X5. for 36 months, 0.00230.
Here is the link. http://www.ridewithg.com/index.php/2010/05/2011-bmw-x5-x6-z4-7-series-lease-rate- s-may-2010/
I think the salesman is trying to make a couple more bucks on you by charging you a high money factor.
Also, I think the first shipment is loaded with all options. $62K seems high for a 3.5i X5. The 2010 3.0i X5 is listed mostly at low to mid $50K. I am also looking at the 2011 X5 3.5i but with only the Premium & Technology, 3rd row seat package. Hoping for a better deal somewhere in S. CA
Guess I have to wait until the early rush is over.
#1209 of 2260 Re: 2011 Test Drive and Lease Offer [awf_axis]
May 10, 2010 (10:24 am)
My 335i lease is up in 2 months, so I test drove the X5 over the weekend in the San Diego area. I drove the 35 Sport and 50 (did not have one with sport). Man, I was very disappointed with the 35. I recommend everyone drive both first - the 35 is much slower than I expected given the new engine. Given the relatively small difference in price between the 35 Sport and the 50, I would probably go with the V8. Since I drive 9K miles/year, the gas mileage difference is not much of a concern. I must admit I was not overly impressed. The dealer was not helping his cause by referring to a lack of supply, wanting close to sticker, and marking up the money factor. Spare me. Confirms why you only deal with the internet people at the dealer. Definitely going to drive the Range Rover Sport HSE before I make final decision. Good luck to all.