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BMW X5, Car Leasing, SUV
#282 of 2374 BMW X5 3.0i LEASE
Aug 18, 2006 (1:12 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 2374 Re: BMW X5 3.0i LEASE [margaret75]
by kyfdx@Edmunds HOST
Aug 18, 2006 (4:44 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 2374 Re: 2006 X5 3.0i lease [Car_man]
Aug 23, 2006 (12:28 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 2374 Re: BMW X5 3.0i LEASE [kyfdx]
Aug 23, 2006 (1:25 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 2374 Residuals on 3.0 X5
Aug 23, 2006 (5:48 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 2374 BMW x5 3.0 Lease - about to pull the trigger!
Aug 26, 2006 (1:21 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 2374 4.4 X5 Lease question
Aug 26, 2006 (3:02 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 2374 3.0 X5 Lease Question
Aug 28, 2006 (4:32 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)
#290 of 2374 3.0X5 Lease Question
Aug 29, 2006 (1:36 pm)
I have found this forum to be very helpful in negotiating with the dealer. First, the dealership I contacted through edmunds initially quoted an outrageous monthly payment. I quickly directed them to the TMV on edmunds and within 5 minutes the payment was reduced by $120! I am trying to verify the money factor and residual percentage. For a 2006 X5 3.0 I was quoted a money factor of .002 (about 4.8%) and a residual of 57% for a 36 month lease and 15,000 miles per year. These amounts appear high based on what I have been reading. I would appreciate any recent market data.
#291 of 2374 Re: BMW X5 3.0i LEASE [kyfdx]
Aug 31, 2006 (6:16 am)
Hey! Thank you, you were right. My paymt. is $726 w/ .0015 money factor. I'm not sure if they made a mistake or what happen but at the end of the deal the money factor showed up on their paperwork as .0019! I pointed it out and my payment dropped from $797 to 726, just the number you estimated for me. Thank you for your help !