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BMW X5 Lease Questions

2262 messages,  Last post on May 19, 2013 at 9:01 AM

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What is this discussion about? BMW X5, Car Leasing, SUV

Messages Page 137 of 227

#1354 of 2262 Re: 2011 BMW X5 35i Premium [packman7] by jeme

Sep 19, 2010 (12:52 am)

Replying to: packman7 (Sep 18, 2010 9:27 pm)
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.
and
.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 by meegwell01

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)
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 ???

#1356 of 2262 2011 bmw x5 35i premium by unclefreddy

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] by meegwell01

Sep 21, 2010 (6:35 am)

Replying to: unclefreddy (Sep 20, 2010 1:41 pm)
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] by meegwell01

Sep 21, 2010 (6:42 am)

Replying to: unclefreddy (Sep 20, 2010 1:41 pm)
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] by unclefreddy

Sep 21, 2010 (8:12 pm)

Replying to: meegwell01 (Sep 21, 2010 6:42 am)
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 by d9o9c

Sep 22, 2010 (1:06 pm)

Car Man,
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.
 
MSRP 75,225
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.
 
MSRP 75,225
  
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] by 9squaregrid

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)

Replying to: 9squaregrid (Sep 22, 2010 1:39 pm)
Agreed..
 
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...

Messages Page 137 of 227

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