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BMW X5 Lease Questions

2262 messages,  Last post on May 19, 2013 at 9:01 AM

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What is this discussion about? BMW X5, Car Leasing, SUV

Messages Page 5 of 227

#41 of 2262 Re: Re: X5 lease on BMWUSA by Car_man HOST

Sep 26, 2005 (3:04 am)

Hello maximus330i. The lease money factor that you are being charged on this truck is too high. BMW Financial Services' buy rate lease money factor for a lease of a 2005 BMW X5 is currently only .00250. Even if you were to have your truck's security deposit waived, it would only increase the factor to .00265. It appears as though the dealer that you are working with is marking-up BMW FS' buy rate to add additional back-end profit to your deal. This sort of thing is perfectly legal and happens all the time with BMW dealers, but can usually be avoided if you know what the base factor is.
 
If you are forced to use the higher .00290 lease money factor, which is equivalent to an interest rate of nearly 7%, you probably would be better off financing this truck with a conventional loan at a lower rate. It is difficult to say whether BMW FS' residual value of 54% for a 3 year lease of an '05 X5 is inflated. It probably is a little higher than this truck will be worth at the end of three years, but it is difficult to say for certain at this point.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#42 of 2262 Purchased the X5 by maximus330i

Sep 26, 2005 (1:13 pm)

Thanks Car_Man. I ended up purchasing the X5 with a 5.48% apr through USAA. The lease was a bit high and I wouldn't save a lot of money over 3 years versus buying it. I appreciate the response.

#43 of 2262 New lease program for 2006 X5 $700 by suv800

Oct 01, 2005 (11:23 am)

Okay,
 
The BMW X5 lease problem is back for the 2006 models. Just around $700.
Here's the details,
X5 4.4 with Navigation, CD Changer, Cold Weather Pkg, Premium Pkg, 36months.
15000 miles/year, no money down. only the first month and security deposit of $650.00.
Total out of packet $760 + $650+$110 mv fees = $1520.00.
I think this is good for most of us, just like I told every one in the begining of September.
Good luck every one.

#44 of 2262 Re: New lease program for 2006 X5 $700 [suv800] by tpjcourtney

Oct 01, 2005 (3:19 pm)

Replying to: suv800 (Oct 01, 2005 11:23 am)
What are the numbers you are using for that $760 pmt, with $0 down and 15k?
 
Looking at the web site it is showing a $57595 X5 4.4 w/ spt pkg, cw, and 19" wheels with $2500 down at $688/mo, 10k lease.
 
If I use August rates, add 3% to the residual for a 10k lease, which is 62%. Use a lease factor of .00075 and the same MSRP I get a $624 pmt.
 
If I plug in your MSRP of $59940, I do come up with $771 w/o tax. I am assuming you came up with $760 judging by your out of pocket listing.
 
Just trying to understand so that I can negotiate my own X5.
 
Thanks

#45 of 2262 Re: New lease program for 2006 X5 $700 [tpjcourtney] by suv800

Oct 01, 2005 (7:37 pm)

Replying to: tpjcourtney (Oct 01, 2005 3:19 pm)
2006 X5 4.4, msrp $59895.00
The sales rep uses this figure to calculate the price for 36 months, 15000 mile/yr.
Remember, that's BMW's leasing program. In August, they had 39 months program, but now has 36 months. I asked for $700.00 per month, then we negotiated to $760.00 no upfronts, only 1st plus security fee.
Remember, that's tax included.
We are in New York. I can only write the name of the dealer.
BMW of Bayside. If you want, go to BMW's website then location their phone number and details.

#46 of 2262 Re: New lease program for 2006 X5 $700 [suv800] by tpjcourtney

Oct 02, 2005 (6:47 am)

Replying to: suv800 (Oct 01, 2005 7:37 pm)
Do you know what money factor and residual were used? Are you getting the car at full MSRP or is there a discount by the dealer? What are your taxes in NY?

#47 of 2262 2006 X5 Lease Money Factor by need

Oct 03, 2005 (2:43 pm)

Today I was quoted 0.0015 money factor for 2006 X5 lease as a new BMW customer. I was looking for a 3.0i with options about $49920 MSRP, dealer offers 47110. 2500 down, 500 security deposit, 36 months, 12000/yr (60% residual), payment ends up around $577 + tax around $624. It was a little higher than what I wanted. I think I would have gotten a better deal last month with the $5000 cash on the 2005.

#48 of 2262 New York City 8.375% Sales Tax 2006 X5 4.4 Fully Loaded by suv800

Oct 03, 2005 (5:35 pm)

Replying to: tpjcourtney (Oct 02, 2005 6:47 am)
The BMW Dealer in Bayside uses full msrp plus all the options to calculate the price. I didn't ask what the m/f they use. My target price was $700.00 per month, tax included. They quoted me $760.00, that's the lowerest price he (regular sales rep) said.
I think they can go much lower then $760, if you can get a price from the manager.
Maybe around $720 - $730.
36months/15000miles/Zero Down/First Month and Security Deposit only.
 
Hope this will help you.

#49 of 2262 Re: Purchased the X5 by Car_man HOST

Oct 04, 2005 (4:09 am)

You're very welcome maximus330i. Thanks for taking the time to stop back and let us all know how everything turned out. USAA is a great bank and the X5 is a great truck. Enjoy!
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#50 of 2262 Re: tpjcourtney by Car_man HOST

Oct 04, 2005 (4:12 am)

Hi tpjcourtney. As the others have already said, BMW introduced lease support on the 2006 X5 for the first time this month. BMW Financial Services' current buy rate lease money factor for a lease of an '06 X5 3.0 or 4.4 should currently be .00100 with the payment of a security deposit. Anyone who is being charged a higher factor than that should try to renegotiate with their current dealer or shop around. I would not be surprised if you were able to negotiate a lower selling price than full MSRP either, especially in an area like New York where BMW has tons of dealers competing for your business. For additional feedback on how much X5s are selling for now, make sure to stop by the following discussion: "BMW X5: Prices Paid & Buying Experience".
 
Car_man
Host
Smart Shopper / Prices Paid Forums

Messages Page 5 of 227

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