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BMW X5, Car Leasing, SUV
#1573 of 2262 help with a quote please
Apr 27, 2011 (6:36 am)
Hi. This is my first BMW purchase. I am looking at a 2011 X5 5.0 with cold weather, tech, premium, navigation, roof rack, running boards, ipod usb, sat radio.
36 month 15000 miles per year.
Dealer quote is
Sale price 65500
Trade in 17500
sales tax 3000
non taxable fees: 294
tag fee 150
0 down monthly comes to 485.62
What do you think? I asked what the MF was and I think they said 0.002
#1574 of 2262 Re: help with a quote please [takrolimus]
Apr 27, 2011 (7:03 am)
They are treating your trade as cap cost reduction. Money down is NEVER recommended on a lease. (do a search on this - lots of info on the insurance implications - basically if vehicle is stolen or totaled, you may lose some/all of your down payment.
I'd max out your MSD's (again, search) to get the money factor lower - dealer may play dumb on this, but I'm pretty sure you can do up to 7 MSD's in all states except NY - then have them cut you a check for the difference from your trade. Your payment will be higher, but you can offset that with your cash in the bank. You'll get a lower overall interest rate, plus have a nice chunk of change when your MSD's are refunded at the end of your lease.
#1575 of 2262 Re: help with a quote please [neal]
Apr 28, 2011 (7:47 am)
I just leased my 2011 x5 35d from chapman bmw yesterday. used truecar.com as a negotiation tool and leaseguide leasing kit as a number proof assistant. My due at signning is 5k, actual capita reduction to cost is (5000-925-399-60-777)=2800 around this including tax. so it is less than 2800 as capita reduction.
Dealer quote is
Sale price 58150
due at signning 5000
acutual downpayment to capita reduction, 2800 around which including tax
sales tax NV TAX 8.1%
disposal fee 350
residual 55% for 36 mos 12k
money factor at 0.002, interest rate 4.8%
acquistion fee: 925*
doc fee 399*
Tax is 8.1%
first month payment is 777*
AZ 3 month tem license fee: 60*
tax on 2800
all numbers above are rounded. maybe few dollars different.
total payment for 3 years are 32k.
the car comes with sport activity, premium, tech, rear climate, cold weather, Y-spoke, multi-contour seat, 1 yr satellite, smartphone, ipod, running board, roofrack, etc totla msrp is 66475.
#1576 of 2262 Re: Early Lease Termination [pacdecimal]
Apr 28, 2011 (5:34 pm)
Apr 29, 2011 (12:36 am)
My partner and I recently put in a lease order for a BMW, 2012 X5 35I Premium, with Technology and Convenience Package, Multi Contour Seats, Running Boards and Satelite Radio at Manhattan BMW. - The MSRP is 62K
The Terms are:
- 36 months with 10,000 Miles a year with $4690 initial down payment (including upfront taxes)
Monthly Payment = 924.23
Were we taken for a ride - Was it a highway robbery???
#1578 of 2262 Re: Need Help [i_was_robbed]
Apr 29, 2011 (4:02 am)
that doesnt sound to kosher I built a simmilar model online for msrp 60k and the estimated payment with 4000 down was 710 That was excluding taxes ect but you figure you should be able to negotiatie some money off of the internet estimate so i figure even with Taxes and titles 700-750 max is where it should be i think?
#1579 of 2262 Leasing the X5
Apr 29, 2011 (6:04 am)
The X5 seems to be a very hot vehicle, very minimal showroom inventory. One is not going to get any good deals as far as I can tell. I see to much money being put down for leasing. Remember one is not buying this SUV. I would use the money to decrease the money factor, as this upfront money is returned at the end of the lease.
#1580 of 2262 Re: Leasing the X5 [mlevine]
Apr 30, 2011 (11:05 am)
what do you mean use the money to decrease the money factor? I see the same thing. Nobody has a deal cuz they say 2011 is out and 2012 is new...
#1581 of 2262 Re: Leasing the X5 [gcook]
Apr 30, 2011 (2:28 pm)
I believe BMW will allow multiple security deposits to buy down the money factor on a lease. 2011 X5 35 diesels are around, but still very few. One must order 2012 X5 bases, premiums, or sports. I believe due to limited availability and also it being a popular vehicle, one is going to pay a high price for the X5.
#1582 of 2262 May Residual and Money Factor
May 02, 2011 (6:59 am)
Numbers should be available today, does anyone know what are they for X5 35i and 35d?
Is ecco rebate still available?