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BMW X5, Car Leasing, SUV
#280 of 2262 Re: 2006 X5 3.0i lease [bosbmr]
by Car_man HOST
Aug 15, 2006 (2:59 am)
I would be happy to help you out, bosbmr. According to my calculations, if you were to lease a 2006 BMW X5 3.0i with an MSRP of $50,320 and a selling price of $47,000 through BMW Financial Services right now for 24 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $655 with the payment of a security deposit of $700 at lease signing. With the security deposit waived, this truck's payment would increase to around $667. BMW will waive its security deposit requirement for free for returning lessees. It looks to me as though the dealer that you are working with is trying to mark this truck's money factor up to add additional back-end profit to your deal. Make sure that they use BMW FS' buy rate factor of .00150 to calculate your truck's lease payment. I used a residual value of 68%. Also, don't forget about the $2,000 dealer cash that BMW is providing on the '06 X5 3.0i right now. Given this dealer cash, if there is a decent level of competition in your area I would not be surprised if you were able to beat the selling price that you were quoted.
Prices Paid Forum
#281 of 2262 Re: BMWFS Rates and residuals [drlease]
by Car_man HOST
Aug 15, 2006 (3:00 am)
Greetings drlease. I am not aware of any resource that provides accurate information on vehicles' current lease programs to the general public. I would be happy give you an idea of what the lease programs are like on the models that you are currently interested in if you let me know what they are.
Prices Paid Forum
#282 of 2262 BMW X5 3.0i LEASE
Aug 18, 2006 (2:12 pm)
Hello Car Man I need your help!
Please tell me your thoughts on this deal for a
2006 X5 3.0 with the Sports Package:
($4270 off MSRP)
LEASE 24 MTHS
I must put down 1st payment and sec. dep.
The dealership said this offer includes the $2000 dealer cash and this is the Best offer they can give.
Thanks for your help!!
#283 of 2262 Re: BMW X5 3.0i LEASE [margaret75]
by kyfdx HOST
Aug 18, 2006 (5:44 pm)
I'm not Car_man, but I'll take a stab at this..
At $47,500, you are paying right around invoice.. This leaves the $2000 dealer cash as profit... At the end of the year, and on a car with incentives and a brand-new model coming out... that seems a little high..
But, just working with your selling price, and adding $625 to the cap cost for the acquisition fee, I get a payment of around $664/mo.+ tax...
So, my question would be... What is adding so much to the monthly payment of the car? Even if your tax rate is 9%, that only brings it up to about $725/mo.. How do they get to almost $800? What else are they adding to the cap cost? And.. are they really giving you the .0015 money factor?
#284 of 2262 Re: 2006 X5 3.0i lease [Car_man]
Aug 23, 2006 (1:28 pm)
Thanks a lot Car_man.
Unfortunately there is only one BMW dealer around here...next closest one is in 78 miles away
Anyway, I picked up my car yesterday and I love it even though new one is on the way. Thanks again for providing me a great information. I did not get enough discount but it seems OK with me considering there is no other dealer around here. Here is what I got and I would like to share the information.
Quote: ? (I just cut a deal on monthly payment)
24 mo lease with 15,000 mile per year
$646/month before tax
first month payment: $646
($0 down payment, No security deposit, no additional expense at all other than first month payment...all other cost such as license fee are included in monthly payment)
I hope this information would help someone else.
Thanks again Car_man
#285 of 2262 Re: BMW X5 3.0i LEASE [kyfdx]
Aug 23, 2006 (2:25 pm)
How much money do dealers normally make or try to make on a deal like mine..posted above?? The dealership is the only one in the area and still claims this is the best deal they could possibly give. I gave them $1000 deposit to order my car from another dealership.
#286 of 2262 Residuals on 3.0 X5
Aug 23, 2006 (6:48 pm)
First of all, thanks for the great advice that everyone offers in this forum. I can't imagine buying a car without all this info.
I'm looking for the current residual value percentages for both 24 and 36 month leases at 10K and 12K miles a year on the X5 3.0 model.
Also, could you confirm that the current MF on this car is 0.0015? In an earlier posting (Jul 30) Car_man indicated that MF had increased to 0.00185 due to the addition of the $ 2k manufacturer to dealer incentive. Did the MF go back down in Aug?
#287 of 2262 BMW x5 3.0 Lease - about to pull the trigger!
Aug 26, 2006 (2:21 pm)
I've been reading all of these posts, extremely helpful! If I can get your thoughts on the following deal:
MSRP - $51,820
Adjusted Cap Cost: $48,784
Amt due at start: 2,295 (First monthy pmt of 690, security deposit, license/title fees/documentation etc)
Monthly PMT including NY taxes: $690
#288 of 2262 4.4 X5 Lease question
Aug 26, 2006 (4:02 pm)
I looked at the last x5 4.4 at a dealer in my town.We negotiated and he's willing to accept $1000 over invoice. I noticed that they aslo have $2500 dealers cash and I believe $1300 regional cash (not sure what's its called.
Question is, is it possible to also deduct the $3800 from the current deal(invoice-3800, or the discount is basically taken only from MSRP cost?
HERE'S THE DEAL
model base cosy of $53600
rear climate pkg.....400
19" alloy wheels......950
hi-fi premium system..1200
my offer Invoice $57380(from edmunds'site)+1000=$58380
24 MTHS LEASE W/ 10k mles/yr and 70% residual
7% sales tax
can someone help to see if $783.51 including tax sounds good
using a cap cost of $59770
#289 of 2262 3.0 X5 Lease Question
Aug 28, 2006 (5:32 pm)
I am about to lease a 2006 X5 3.0 and would like to know if this deal sounds right-I am new to leasing:
Purchase Price: $49,800
24 Month Lease-18k miles per yr
$9200 Cap cost Reduction (as result of a trade in)