Last post on May 19, 2013 at 9:01 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
BMW X5, Car Leasing, SUV
#1921 of 2262 Re: 2013 X5 sport activity [raschroe]
May 19, 2012 (8:15 pm)
1500 over invoice is the high end of the range. It's not hard to find a dealer who will sell for $1k over invoice or less. If you didn't put a deposit on that sales contract, then it likely is not binding. if you can, walk away from that "deal". You can do better.
The thing about the X5 is that we are in the last year of production for the 2nd generation X5. Later this year, BMW will start offering heavy incentives as the 3rd generation approaches production. The current X5 is a 7 year old design and it will be yesterday's news in less than a year. Why pay a premium for an old model when it will soon sell at a discount?
#1922 of 2262 Car_Man- Thumbs Up or Down?
May 23, 2012 (7:25 am)
Ok so thinking about BMW X5 lease. I love this site.
MSRP of my X5- $53,245. Got $49,590 price for car. At 15,000 miles and $4,000 down the lease payment is $687. The residual after three years is $30,350. Not sure of the money factor that you mention above but slightly above .00190 so the 'finance guys can get paid'.
I know you are not a fan of $4,000 down payment but getting this thru customs (wife) means low monthly price. Plus its rare for totaled car and stolen and that goes down of course the closer you get to end of lease so I will take that chance.
So outside of the downpayment- what are your thoughts here? THANKS!
#1923 of 2262 Re: Car_Man- Thumbs Up or Down? [mrjackcoffee]
by Car_man HOST
May 31, 2012 (5:30 pm)
Hey mrjackcoffee. The selling price that you were quoted looks good. The .00190 money factor that you were quoted is right in line with BMW FS' current buy rate for this model, so the dealer is not marking your deal up any.
HA, I like the "getting this thru customs" comment. I completely understand .
Outside of the down payment this deal looks good.
Prices Paid: Buying & Leasing Experiences Forum
#1924 of 2262 Did I Get It Right?
Jun 04, 2012 (9:26 pm)
Hi CarMan, I just started a build on a 2013 X5 35i Sport Activity from the dealer today and was wondering if I did it right. I added a few options like Convenience Pkg and Running boards to bring the MSRP to $62350 and ended up negotiating to this:
Sale Price: $59000
Down Payment: $2500
Money Factor: .00190
Length: 36 Mo 12K/yr
Total Monthly Payment with Tax: $699.
Did I get it right CarMan? Thanks!
#1925 of 2262 New to BMW / Leasing: 2013 X5 xDrive35i
Jun 06, 2012 (2:49 pm)
I'm curious as I read these boards, why so many monthly lease payments on the X5 seem to be in the $700+ range. When I search using BMW's lease offers in the Santa Monica area, I see the below terms:
$569*/month for 36 months
• $569 First months payment
• $3,000 Down payment
• $0 Security Deposit
• $725 Acquisition fee
• $4,294 Cash due at signing
I'm sure this is a very generic offering to get people in-store, just want to be prepared in advance. Thanks for the help!
#1926 of 2262 Re: Did I Get It Right? [danno14]
Jun 06, 2012 (6:13 pm)
I finalized my lease today by threatening to walk and was able to obtain this:
2013 X5 xDrive35i Sport Activity with Conv Pkg and Running boards.
Sale Price: 58370
Documents and Acquistion fee: 75 +725
Down Payment: 2800
Money Factor: 0.00190
Length: 36 Mo 12K/yr
Mileage fee: $0.15/mile
Monthly Payment including tax: $680.40
Due on delivery (includes upfront charges): $6932.89
My only question is what exactly is the "upfront charges" because it is $3452.49?
Thanks to anyone who can respond!
#1927 of 2262 Re: New to BMW / Leasing: 2013 X5 xDrive35i [misscollinsnyc]
Jun 06, 2012 (6:15 pm)
By the time you walk away with all the goodies added on it costs a whole lot more
#1928 of 2262 Money factor and residue rate for June on 2012 bmw x5 diesel
Jun 07, 2012 (5:25 am)
Please help, looking to lease a 2012 BMW x5 diesel. Need to know the money factor and residual rate for June. THANKS
#1929 of 2262 Re: Money factor and residue rate for June on 2012 bmw x5 diesel [jckearny]
Jun 07, 2012 (12:09 pm)
12k miles 58% and 0.00185. Same as May numbers.
Eco credit bumped to $4500.
#1930 of 2262 Re: So Confused! 2012 BMW X5d Lease Offer: Should I Take This? [lobster88]
Jun 07, 2012 (11:05 pm)
Here's what you need to know. If the dealer is saying they are selling you the car for $500 over invoice then the eco credit needs to be applied to that price. Without taking into consideration taxes looking at the MSRP for that vehicle the invoice should be $58550. Lets say you give the dealer $1000 of profit, then your left off at $59550. You apply the eco credit of $4500 to that price, which brings your selling price to $55055. BMWFS 36k miles residual is 56% and MF of 0.00185. If you dont account for sales tax (since it varies by state/county) you should end up with a payment of $696/month.
As for drive off fees I'd usually pay the first month lease + any dealer fees+ lease inception fees. It really boils down to personal preference. It will only make ur monthly payment go higher so its up to you.
I suggest you walk away from this deal or make them agree to what I just suggested.