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Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions
1116 messages, Last post on Dec 04, 2009 at 10:39 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: drtravel (Sep 08, 2005 7:58 am) I think if you recompute, you'll find that it is both $2500 down and a $2500 discount off MSRP. Using those numbers with 57% res. and .0012 MF I hit $459 to the penny. No other fees included. At least I know what I'm dealing with now. Thanks drtravel for your insight. Still, the big question is, what kind of discount should I be looking for overall with the $5000 dealer cash. Looks like edmunds TMV is about $6k off MSRP. If BMW is giving up $5k of that then the dealer is still making 3k over invoice on an end of year car. That seems like a lot since people aren't paying that for 06 330i's.
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Replying to: tpjcourtney (Sep 08, 2005 8:38 am) Think about it this way the dealer is getting $5,000 from BMW but is only discounting the car $2,500 - looks sweet to the dealer. I say you should be able to get the lease deal without putting down any money - that way BMW is actually subsidizing the money factor instead of making the customer pay more upfront to cover their lost interest.
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Replying to: drtravel (Sep 08, 2005 12:08 pm) They get the $459/mo figures the following way. MSRP $43670 Selling price $37870 ($5000 bmw cash + $800 dealer) Down pmt. $2500 Residual 57% or $24892 (for 10k/yr, 54% for 15k) Money Factor .0028 (same as 6.72% interest!!!) The .0012 lease rate was last month and is now more than double. The dealer I talked with was only willing to add another 475 off to to the numbers above for a total of $6275 off MSRP. A total lease price before TTL of $439/mo. on a X5 3.0 w/auto. The car we wanted with premium, cw, climate, nav, xenon & sd mirrors with an MSRP of $51370 gives a pmt of $673 w/o TTL using the above numbers. Much different than the $500/mo. the last senario brought me to. Hope this helps someone, I doubt we'll be buying one at that lease rate.
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Replying to: tpjcourtney (Sep 09, 2005 11:41 am) Thanks for the numbers. I agree it doesn't make sense to lease this vehicle. |
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Can anyone let me know what a good lease rate on an X5 3.0 with premium/auto for 24months and 15k/y would be?. And is it better to wait till years end? Also I was told last month was a much better deal and they no longer lease 05's. Any help would be appreciated. If anyone knows of any good 24m/15k leases on a nice car if you can let me know. Thanks! -Jay |
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Replying to: tpjcourtney (Sep 09, 2005 11:41 am) 2005 X5 3.0 - lease for $396 + tax 36mo/30K MSRP of $45,020, selling price of $37,532 ($7,488 of MSRP), cap reduction of $3,000 so total cap cost is $34,532 Using 57% residual and 0.0028 money factor I come up with a payment of $414.95. Not sure how they calculated the $396. Total drive off is $5,168 whcih includes $3,000 cap reduction, $450 security deposit, $625 acquistion, $396 first month payment and $697 of something else - maybe additional cap reduction?
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Replying to: drtravel (Sep 10, 2005 9:39 am) With the additional $697 it comes to $394/mo according to my calculations. I got the same $415 as you did without that. Strange they would mention the selling cost and the 3000 down pmt, but not put the 697 anywhere in the ad. If they are expecting the purchaser to put the additional money down they have to call out what it is, don't they? Other wise it looks like the same 36mo, 10k/yr lease that I was talking about. Even with $7488 off, the money factor of .0028 (or 6.7% interest) is killing any chance of me leasing an X5. But since the local dealers have an average of about 5-7 05's on the lot right now, they are not worried about it.
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Replying to: drtravel (Sep 10, 2005 9:39 am) I think that is the correct money factor... regards, kyfdx Host-Prices Paid Forums |
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Yes, the price will come down back to the August price in October for 2006 BWM X5 4.4, And, the prices will be under $600 if tax upfront, 15k per yr. The new rate for October is came from internal memo of BMW Usa. Hopefully every one will have what they want. 
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Hi tpjcourtney. When BMW introduced the dealer cash that is is now providing on the 2005 X5 it cut way back on its lease money factor support. Its September buy rate lease money factor for a 36 month lease of any '05 X5 model through BMW FS should be .00250. Make sure to take the $5,000 dealer cash that BMW is providing on the '05 X5 3.0i and $6,500 that it has on the '05 X5 4.4i this month into account when you are negotiating your vehicle's capitalized cost. If you are good at negotiating you will get a dealer's rock bottom price for the vehicle that you want, regardless of whether you buy one or two at a time. If their selling prices are already as low as they are going to do, there's no reason for a dealer to sell you a vehicle at a loss or at least for less than they could get by selling it to another individual just because you are buying two. Car_man Host Smart Shopper / Prices Paid Forums |
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