Last post on May 19, 2013 at 9:01 AM
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BMW X5, Car Leasing, SUV
#1354 of 2262 Re: 2011 BMW X5 35i Premium [packman7]
Sep 19, 2010 (12:52 am)
Car Man - thanks so much for all the useful information you post to these boards. I wanted to confirm some data - above (i think) you post two different numbers for the same lease - a 2010 X5 diesel:
36 mo - 15K
.00230 and 47% resd.
.00210 and 56% resd.
what I am wondering is for a 2011 x5 diesel - what are the numbers on a 36 month 10K lease - and how many months will BMW leases extend to - 48 perhaps?
Thanks in advance for you help!
#1355 of 2262 X5 SAV w/ Tech, Conv, Options
Sep 20, 2010 (12:26 pm)
Is it unrealistic to start a lease negotiation on the base national offer from BMW? That is, the base X5 SAV w/ heated seats is offered at 569/mo currently by BMW (this includes a cap buy down of $4k, which I dont think I'd do, but Ill leave in here for the sake of keeping things clear).
The car I want is X5 SAV w/ Tech, Conv, Heated Front, Running Boards. This MSRP is about $61k, $56 invoice. The current incentive offer from BMW has the SAV w/ heated seats (msrp $55, invoice $51) at 569/month. If I could negotiate to say $700 over invoice, putting me at about $57, shouldnt I be just over $569/ month (say about $600) all else constant (i would actually go up from 10k to 12k miles)? (36 month)
I can plug the numbers but not knowing what BMW is throwing in here for their $569 offer makes it difficult.
The numbers are below.
BMW Current Offer Option 1
Base: X5 35i Sport Activity X5 35i Sport Activity
Packages: none Technology (ZTP)
Options: Heated Front Seats Heated Front Seats
Invoice Price: $51,100 $56,430
MSRP (w/ $875): $55,475 $61,325
Miles: 10,000 12,000 or 15,000
Monthly Payment: $569 ???
#1356 of 2262 2011 bmw x5 35i premium
Sep 20, 2010 (1:41 pm)
looking at X5 35i premium msrp 59275.00 -sale price 57040.00 -lease money factor .0024- residual 36750.00 . 36 months 12,000.miles per year. $8600.00 down $619.00 per month for 35 months -includes tax -new to leasing.My gut is saying no any advice?? Thanks
#1357 of 2262 Re: 2011 bmw x5 35i premium [unclefreddy]
Sep 21, 2010 (6:35 am)
forgot tabs dont translate. Ill put a line between the two columns:
Base: X5 35i Sport Activity X5 35i Sport Activity
Offers: BMW Current | Offer Option 1
Packages: none | Technology (ZTP) & Convenience (ZCV)
Options: Heated Front Seats | Heated Front Seats, Running Boards
Invoice Price: $51,100 | $56,430
MSRP (w/ $875): $55,475 | $61,325
Miles: 10,000 | 12,000 or 15,000
Monthly Payment: $569 | ???
#1358 of 2262 Re: 2011 bmw x5 35i premium [unclefreddy]
Sep 21, 2010 (6:42 am)
unclefreddy - Is tax in the down payment or the monthly payment? How much of that down payment is cap cost reduction? Is teh aquitition fee $725 or higher? My guess is the invoice is closer to 55-56, giving a little more room for negotiation. what is the package/option combo?
#1359 of 2262 Re: 2011 bmw x5 35i premium [meegwell01]
Sep 21, 2010 (8:12 pm)
zcv conv pack $2750.00 zcw cold pack $900.00 ztp tech pack $2800.00 # 655 sat. radio $350.00 dest chrg $875.00 x5 35I prem base $51600. They want my equity 7600.00 in current car trading & 1000.00 cash to get for 619.00 -35 months payment- all taxes registration, first month,document fees included. I need to make them break down the numbers. Thanks
#1360 of 2262 2011 x5 50i lease numbers
Sep 22, 2010 (1:06 pm)
Thanks again for all the help. I had an early post question regarding this vehicle.
2011 X5 50i with M sport package, tech package, premium package, etc.
Negotiated price 70,530 (including destination charge 875)
36 month 10K mile/year lease, no cap cost reduction, acquisition fee and taxes into the payments, motor vehicle fees due at signing.
Selling 70,530 + Acquisition fee 725 = 71,255
Residual value (63%) 47,391.75
71,255 - 47,391.75 = 23,863 Depreciation
Depreciation 23,863 + Finance Charge (0.00180 MF) 7,688 = 31,551/36 = 876.42
Tax on 31,551 8.875% (NYC) = 2800.15/36 = 77.78
876.42 + 77.78 = 954.21 per month
Are these numbers correct? The tax should be on the depreciation + bank fee + finance charge, no?
The dealer is giving me 967.32 per month. This is how the dealer responded:
"The lease was capped at $74,327.78 Breakdown as follows : Selling 70,530,bank 725,capped taxes 3,072.78. Capped total $74,327.78
Money factor .00180, residual 63%. Residual value 47,391.75
Monthly payment is 967.32. The numbers are correct."
Why the discrepancy? I used two online lease calculators. Is it because I'm adding the tax to the payments and they are charging me interest on the tax?
Thanks in advance.
#1362 of 2262 Re: 2011 x5 50i lease numbers [kyfdx]
Sep 22, 2010 (1:39 pm)
Tax in New York is paid upfront, so he's adding it to the cap cost and you're paying interest on it.
#1363 of 2262 Re: 2011 x5 50i lease numbers [9squaregrid]
by kyfdx HOST
Sep 22, 2010 (1:52 pm)
It looks like the only difference between the two figures, is the amount of sales tax... Ask him to show you the calculation on the tax...