Last post on Jun 17, 2013 at 2:28 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, Car Leasing, SUV
#2099 of 2268 2012 X5 35d New Lease
Oct 12, 2012 (1:19 pm)
Well as you can read a couple posts up we were interested in this, so now we have one. Or we will tomorrow. Painless process with a dealer in Northern Ohio. A little drive, but it makes the ride home in the new car all the better. Details:
Standard money factor and residual for $695 payment with tax (6%) and only first payment and fees due. Has cold weather, Prem, Prem Sound, spare tire, apps. Went with Platinum gray over oyster. Thanks for the advise, now we can compare BMW to Benz in real time.
#2100 of 2268 Re: 2012 X5 [eager4gc]
Oct 16, 2012 (3:51 am)
It's a gas. Got it Vista in Coconut Creek, FL.
The numbers are accurate. Like I said they probably got me for some $ on my trade in, but I still felt I got a good deal. It's white with beige interior. It's the color combo I was looking for. I've had the car for 2 weeks and love it.
#2101 of 2268 2013 BMW X5 50i
Oct 17, 2012 (11:27 am)
Hi, I was wondering what October's money factor and residual would be for a 2013 BMW X5 50i, 24 months/10k and 30 months/10k.
Thanks for the information!
#2102 of 2268 Re: 2013 BMW X5 50i [mralbury]
by Car_man HOST
Oct 21, 2012 (7:02 am)
Here's the information that you're looking for mralbury. BMW Financial Services' October buy rate lease money factor and residual value for a 24-month lease of a 2013 X5 5.0i with 10,000 miles per year are .00135 and 68% for consumers who qualify for its top credit tiers.
The numbers for an otherwise identical 30-month lease are .00135 and 65%.
Prices Paid: Buying & Leasing Experiences Forum
#2103 of 2268 Re: 2013 BMW X5 50i [Car_man]
Oct 21, 2012 (10:13 am)
I've never leased in the past, but may consider it if I decide to go for the Tesla Model S that we have now been notified is ready for us to "build" after having had one on deposit for 8 months. As such a couple of questions to make sure I'm not missing something in the math on the terms you have quoted to mralbury above.
For simplicity, using a $70,000 "net" selling price, nothing down and no taxes, I come up with:
$1,012.71 payment on 24 months / 20,000 miles. Or $24,305 over 2 years.
$894.63 payment on 30 months / 25,000 miles. Or $26,839 over 2.5 years.
It looks like you are getting whacked for 1.33% depreciation per month for the first 24 months; only 0.5% per month for the next 6 months (68%/65% residuals) correct?
Another way of looking at it, the last 6 months only cost $2,535 or the equivalent $422.50 per month when you go from the 24 to 30 month term, correct?
Begs the question as to why anyone would do a 24 vs. 30 month lease? I'd love to have the ability to buy a second lightly used X5d just like the one we bought for $54,800 new, for $37,265, this time in 2014. But I guess that's what makes the leasing companies profitable.
Is my math correct? Do leases generally give the lessor the right to buy the vehicle at the residual price (or assign that right)?
#2104 of 2268 Re: 2013 BMW X5 50i [Car_man]
Oct 21, 2012 (6:25 pm)
Thanks a lot Car_man!
I was wondering if I could get some feedback from people on some numbers I got for my lease from BMW of Boston.
2013 BMW X5 xDrive50i: MSRP $75,170 (cold weather, luxury seating, premium, premium sound, sport activity, and technology packages, and BMW apps). Final price $72,000. 30 months/10,000 miles per year. $3,000 down, 0.00155 mf, and 65% residual. Lease price of $899/month including taxes (6.25%).
I'd appreciate any comments.
#2105 of 2268 Re: Question about MF, fees and incentives [habitat1]
Oct 21, 2012 (7:04 pm)
I just unloaded my 2011 X5D for me, at idle and take off it was to noisy .
as for power way more then enough.
diesel in CA avg about the same give or take 10 cents.
avoid the 20 ..rims way to easy to ding and if you go with those OEM tires.
they are $600 a pop.
#2106 of 2268 Re: Question about MF, fees and incentives [chaozz1]
Oct 21, 2012 (8:31 pm)
And you replaced your x5d with?
I guess I'm glad that either I'm hard of hearing or simply don't find the sound of the diesel an issue. It's certainly no worse than any Mercedes or the q7. Maybe it was from my previously owning a 911 with the $2,500 optional sport exhaust? Our MDX sounds more strained under harder acceleration, especially given its need to downshift more than the x5.
We opted to stick with 19" rims on the sport activity package. Tire Rack sells the 20" tires for not much more than the 19's but the 20's wear out 30% faster.
#2107 of 2268 2012 BMW X5 diesel lease
Oct 22, 2012 (11:31 am)
Car_man and other posters,
I am looking at leasing a 2012 BMW X5 diesel. MSRP is $66,195. The lease would be structured as a 36-month lease with 15,000 year (0.00145 MF; 54% residual).
The car that I am looking at is a demo with 3,000 miles. The car was previously damaged by hail while sitting on the dealer's lot. While the car has been repaired, it nevertheless has a dirty carfax history report.
Using Truecar and simply calling dealers in the area, I am able to get $9,000 off MSRP without much negotiation. In some markets (i.e., New York, I am seeing people get $10,500 off the price of this vehicle).
Given the demo and the dirty carfax report (hail), what should my target purchase price be? Currently, the dealer is willing to take only $10,500 off.
How much flexibility does the dealer have in light of the hail damage? My guess is that they repaired onsite for significantly less than what they would have received from any insurance proceeds. But maybe I am wrong.
Thanks in advance,
#2108 of 2268 Re: 2012 BMW X5 diesel lease [chadwick218]
Oct 22, 2012 (12:40 pm)
I'll put in my "other posters" two cents.
The vehicle you are considering would appear to have an invoice price of roughly $60,900; meaning about a $5,300 markup on the MSRP. There is a $4,500 eco-credit from BMW on top of that and you didn't indicate whether or not you qualify for any other credits or rebates (loyalty, drive events , USAA, etc). Let's assume you don't. I could order a brand new version of that vehicle tomorrow for $8,800 off MSRP ($1,000 over invoice). My exact color choices, option choices, etc.
In my opinion, even if the vehicle had no hail damage and was in pristine condition, a demo with 3,000 miles would need to be discounted by at least another $2,500 or more (that's only 5%) for me to consider it over a brand new vehicle. With the hail damage, I'm not sure I would take it at any price but if I did, I'd be looking for another $2,000+ off. You might not care as much if you are leasing, but I don't want to take a damaged vehicle if I'm buying.
So, by my thinking, you would need to be at $13,000 discount, PLUS any other discounts or credits you qualify for, before I'd say "go for it". The deal you have been quoted, $10,500 off, is not compelling enough, in my opinion.