Last post on Jun 19, 2013 at 8:02 AM
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BMW X5, Car Leasing, SUV
#2127 of 2270 Re: 24 month lease on 2012 35D? [warbern]
by Car_man HOST
Nov 18, 2012 (10:08 am)
Hi warbern. Yes, you can lease any BMW for 24-months if you really want to. Of course, generally speaking the shorter your lease term is, the higher your monthly payment will be.
The last time I saw them, BMW Financial Services' buy rate lease money factor and residual value for a 24-month lease of a 2012 X5 35D with 12,000 miles per year were .00145 and 59% for consumers who qualify for its top credit tier. The money factor may be slightly different right now. The residual value for a lease with only 10,000 miles per year would be 1% higher.
There is a total of around $6,000 in cash incentives plus $750 loyalty cash on this truck in November.
Prices Paid: Buying & Leasing Experiences Forum
#2128 of 2270 Considering leasing an X5 35i premium
Nov 24, 2012 (7:01 pm)
Can you tell me what are the residual value and money factor for a 39 month/10K lease. Any other incentive than the $1500 Holiday credit? I am going to return my MB ML350 lease so don't qualify for the loyalty rebate. Any kind of "competition capture" rebate?
Finally how much off MSRP would be considered a good deal for this car? I tried to lease a new MB ML350 with no success because of its popularity (could only get $4500 off MSRP including the $1500 MB Winter rebate) and wonder if I should expect the same experience here or hopefully a better one
#2129 of 2270 X5 35i premium
Nov 25, 2012 (9:25 am)
Test drove the X5 35i premium yesterday. Looking at convience package and satellite radio. I am waiting for December leasing rates 24 0r 36 months at 12K per year. MRSP about $60,000.
The 2 dealers near me tend to not be competitive, but there was inventory sitting on their lot compared to 2 years ago. This vehicle has great handling. The MB ML 350 is right up there with this vehicle. VERY disappointed with the infiniti JX as it was underpowered. Could be CVT transmission. Inside of JX was excertional.
#2130 of 2270 Re: X5 35i premium [mlevine]
Nov 25, 2012 (10:16 am)
I'm sure you're aware that you're comparing the older 2nd generation X5 to brand new designs like the JX and the 3rd generation ML. The brand new 3rd generation X5 will be here in a few months. At that point you'll be driving an eight year old design if you buy an X5 now. This X5 should be massively incentivized to compensate for that.
#2131 of 2270 Re: X5 35i premium [abmwfan]
Nov 26, 2012 (2:49 am)
What's "massively incentivized" in your opinion, given that there is still no definitive release date for the 3rd generation X5? My dealer is ordering new 2013 vehicles for customers at $1k or less over invoice. Less all of the incentives and cash back (i.e. holiday savings, eco-credit, loyalty credit, etc.), that will put the final net price below invoice, in the case of the X5d, by at least $5,000 below invoice. Perhaps if one wants to wait until the 3rd generation vehicles are on the lot, they will be able to get a good deal on a leftover 2013. But if they have to take an oddball color or options in the process, I'm not sure that's a great deal.
In my opinion, the bigger issue is whether you need/want a vehicle now and can live with the current X5 at a price that is somewhat to well below invoice, or you have the ability/patience to wait for the new generation to arrive (at least several months away) and are OK with paying a few thousand more. But it doesn't appear to me that BMW has flooded the market with 2nd generation X5's such that dramatically greater incentives than those already offered are highly likely. Obviously, I may be wrong on that, but it seems that my dealer, at least, is willing to offer good deals on ordered vehicles so they don't get stuck with unsold ones on their lot. Their current inventory of X5's is much less today than it was in July.
#2132 of 2270 Re: X5 35i premium [habitat1]
Nov 26, 2012 (5:34 am)
Habitat, If you knew anything about BMW production cycles, new model release processes and factory retooling you would already know about the new model release. You should try listening more instead of attacking people who have more experience with BMW than you do. Especially when we take the time to point out facts for people who may be new to BMW. At least now they can make an informed decision.
That deal you think you're getting can be had at any time. That's the standard deal on an X5 if you know how to negotiate. You would know that if you had done your homework and read the buying advice in this forum. It doesn't change the fact that this X5 is old and will be obsolete in a year and you are not being compensated for buying at the tail end of a 7 year production run.
#2133 of 2270 Re: X5 35i premium [abmwfan]
Nov 26, 2012 (6:34 am)
Listen bmwfan, I took delivery of my X5d at the Performance Delivery Center in September, hit the track in the morning and and spent another 2 hours getting what amounted to a semi-private tour of the BMW factory with just the plant manager and one of the driving instructors. I know all about the X5 new model release, firsthand - likely a hell of a lot more than you have gotten from reading rags, Roundel or this forum. So get off your oversized throne with your oversized self proclaimed expertise.
I didn't "attack" you in my previous post, I simply questioned whether there are going to be significantly greater incentives in the near future on current model X5's than there are today. As the plant manager pointed out, BMW has vastly improved its inventory controls and "just in time" manufacturing process to reduce the likelihood of excessive unsold vehicles. As for a current X5 being "obsolete" in a year, I guess that's in the eye of the beholder. I could have bought an Acura MDX Advance if I wanted every techno gadget known to man. I bought the X5 because of the driving dynamics and engineering. The new X5 will be evolutionary, not revolutionary. It won't change the basic fact that Acura still kills BMW in do-dads and BMW still kills just about everybody but Porsche in driving dynamics. I bought the BMW with the intention of keeping it 8-10+ years, without too much concern that a better i-drive or some sheet metal changes are going to make me feel like I need to trade it in next year. That strategy has worked pretty well for me in the past, and is at least a small part of the reason I can consider a 991 911 instead of an obsolete 997. Although the soon to be obsolete V8 M3 still has some appeal to me - assuming I'm fairly compensated, of course.
It's fine that you are a bmw fan and wish to offer your opinions and advise. But perhaps you should be less of a fanny, if you get my drift.
Nov 26, 2012 (7:30 am)
Although the current X5 has the same body style for the past few years, it is still a great drive. I look for the drive and handling not necessarily the newer technology. I have not found significant incentives and discounts for leasing. This vehicle is still moving off the lots, but I have noticed more inventory compared to 2 years ago. I believe it is important to wait at least a year after an updated model due to kinks needed to be worked out.
Nov 26, 2012 (9:21 am)
Even though I just bought a 2013 Cayenne diesel, I would agree that the 2012/13 X5d is an excellent choice - and very competitively priced with the current incentives. To me, the X5 gas models are much less of a "deal" and may need to be discounted more heavily as the 2014 model gets closer to reality.
Other than BMW, every other manufacturer - Porsche, Audi, Mercedes, VW - prices their diesels above the comparably equipped gas model by $1,500 to $3,000+. The X5d with its current $4,500 eco credit (which was only $2,500 when my son bought his 2010) puts it at least $1,500 under the comparably equipped X5 3.5i. I'm not sure why BMW has felt compelled to offer this significant of a discount on its diesel model. But if thats a vehicle that appeals to you and you can combine that with some of their other special offers and get a dealer to knock down their price to close to invoice, I'd have no trouble recommending going for it. I'm betting that a 2014 diesel will either have a much smaller eco-credit or none at all.
Pigs get fat. Hogs get slaughtered.
#2136 of 2270 Re: X5 lease [spiritinthesky]
Nov 26, 2012 (11:49 am)
Hi Spirit. What made you purchase the Cayenne diesel over the X5? Did they discount the price? Can you state how much msrp and what you paid? How did the Cayenne diesel drive? Thanks.