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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 197 of 227

#1959 of 2262 Re: X5 35d lease question [nsada] by Car_man HOST

Jul 01, 2012 (1:33 pm)

Replying to: nsada (Jun 22, 2012 7:25 am)
Here you go nsada. Through July 9th, BMW Financial Services' buy rate lease money factor and residual value for a 36-month lease of a 2012 X5 35d with 12,000 miles per year are .00185 and 58%, respectively for consumers who qualify for its top credit tiers.
 
I haven't seen the lease program for the 2013 X5 diesel yet. Perhaps it will come out in the new July program.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#1960 of 2262 Re: Current Lease Rates [lonsterman] by Car_man HOST

Jul 01, 2012 (1:41 pm)

Replying to: lonsterman (Jun 28, 2012 3:44 pm)
Hi lonsterman. Please see my previous post for the information that you are looking for. BMW FS' 15,000 mile per year residual values are 2% lower than its 12,000 mile per year residuals.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#1961 of 2262 Re: X5 35d lease question [Car_man] by nsada

Jul 02, 2012 (2:12 pm)

Replying to: Car_man (Jul 01, 2012 1:33 pm)
Thanks Car_man...
Please also provide July MF and residual for 36/months 12K for 2013 X5 35i (base). Also, do you know of any rebates on the 2013's? Thanks.

#1962 of 2262 Re: X5 35d lease question [nsada] by Car_man HOST

Jul 05, 2012 (3:33 pm)

Replying to: nsada (Jul 02, 2012 2:12 pm)
No problem nsada. BMW's June lease program is scheduled to run through July 9th. Please feel free to check back with me some time after the 10th and I'll be happy to fill you in on what I know about the new offers.
 
As of the June programs, BMW was not offering any cash incentives on the 2013 models.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#1963 of 2262 Re: X5 35d lease question [Car_man] by alexkoper

Jul 11, 2012 (12:43 am)

Replying to: Car_man (Jul 05, 2012 3:33 pm)
Hi Car_Man - do you have an update on new July lease programs for both 2012 and 2013 X5 35d w 15k miles/year for 36 mos and 24 mos? Thanks so much!

#1964 of 2262 Re: X5 35d lease question [alexkoper] by Car_man HOST

Jul 11, 2012 (4:42 pm)

Replying to: alexkoper (Jul 11, 2012 12:43 am)
Here you go alexkoper. BMW Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2012 X5 35d with 15,000 miles per year are .00145 and 60%.
 
The numbers for an otherwise identical 36-month lease are .00145 and 54%.
 
I don't think that the 2013 X5 diesel is available yet.
 
There is a $4,500 credit on the 2012 model.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#1965 of 2262 Leased a X5 35d by bimmer24

Jul 12, 2012 (10:38 am)

Hi all,
 
Want to thank everyone for these boards which prove to be a critical resource in negotiating a fair price on a car, especially Car_man for all the information and perspective he provides.
 
I recently purchased an X5 35d from a northern NJ dealer. Terms were:
 
36 months 12k/yr miles
MSRP - 63,895
Final Purchase Price after all credits/rebates/dealer maneuvering - $52,800
Dealer also paid $1k to cover the last two payments of my existing 3 series lease
58% residual and .00185. I put down 7x MSD of $4200 to bring the MF to .00136. I already had $3500 in MSDs from my previous lease, so I just paid the delta of $700.
 
Monthly payment = $599/month inclusive of tax and no down payment
 
My total upfront was:
$725 for BMW FS
$300 DMV
$599 first month payment
$300 doc fee/dealer profit fee
$215 NJ luxury car tax (Thanks Gov. Christie for this gift)
$700 MSD delta described above (bringing my MSD balance to $4200)
 
Total outlay $2840
 
I had spent time looking at various dealers in the area and most refused to go this low. The dealer that had the most diesels remaining in stock (most only had 2-3 left, but one had 12) was perhaps the worst to deal with. With the dealer I purchased from, I did the entire deal over the phone, got the terms e-mailed to me in writing and went to the dealer that day to check the vehicle and do the paperwork.
 
This was all completed on July 6th. The last week with the car has exceeded my expectations. It drives like a BMW, has incredible torque, get's better gas mileage than my 3 series, comes with more options than I would ever need, and cost me less than what many people pay for an X3. The sound at idle and low speeds is not bad and anyone bothered by it shouldn't buy the car. I personally couldn't care less about it and find it to be negligible.
 
To make matters even better, my neighborhood Exxon gas station which always offered the cheapest prices, actually sells diesel gas for less than the price of plus and 30 cents less than premium. My biggest fear about getting the diesel was completely quelled knowing that the place I fill up more than 80% of the time would lead to reduced cost of gas for a big family truck that gets better mileage than my 3 series.
 
Seeing the July numbers make me feel even better about my purchase as the adjustments to residual and MF lead to almost a zero change in the financial aspects of the lease.
 
Love the car, loved the dealer experience I had, love the mileage I'm getting on this car, and love all the bells and whistles that make my wife happy. Happy to be a loyal BMW customer.

#1966 of 2262 Re: Leased a X5 35d [bimmer24] by nsada

Jul 12, 2012 (6:58 pm)

Replying to: bimmer24 (Jul 12, 2012 10:38 am)
Congrats...great deal.
 
Can you share the dealer name? Also, can you specify total rebate amount factored into your deal? Thanks.

#1967 of 2262 Is this a fair deal? by lwv

Jul 12, 2012 (8:31 pm)

Got a quote for 2012 x5d. MSRP is 68745. Sell price is $58381 including all discounts. Dealer is quoting MF of .00220 and residual of 58% for 36/12k. MF is high but discount seems decent. This was when MF was .00185. Payment is $743 with first payment and $381 of fees down. Acquisition fee is 925 rolled into lease.
 
Any feedback on this deal?
 
Thanks

#1968 of 2262 Re: Leased a X5 35d [nsada] by bimmer24

Jul 13, 2012 (6:58 am)

Replying to: nsada (Jul 12, 2012 6:58 pm)
Nsada,
 
This was the last diesel 2012 the dealer had in inventory, so it's pointless to give you the name.
 
They applied some $500 rebate from BMW that I had no idea what it was, however, it required that I have super elite credit from all 3 agencies (740+).
 
The salesperson respected my comprehensive understanding of the figures and this helped him cut through the gimmicks and focused on just whether we can come to terms. This is about finding the right salesperson as too many are focused on 'winning' instead of selling. I also believe that finding the more successful and experienced salesperson is the best way to navigate. I never spoke with a sales manager or anyone other than my sales person because he was clearly experienced, well established at the dealer with his management, and well aware of his boundaries. You typically don't get this with the younger ppl who don't have the kind of experience and credibility to structure a deal that benefits everyone.
 
Even some of the 'older' salespeople are inexperienced, so asking how long they've been at the dealer is a good way to figure out how much room they have to run.

Messages Page 197 of 227

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