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Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions
1109 messages, Last post on Nov 28, 2009 at 9:39 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Mar 05, 2007 2:56 am) Can you list the MF and residual for a 36 month 10K X5 3.0 lease with no deposit for a returning BMW lessee. Will paying security deposits reduce the MF? Thanks
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Hello everyone, This is my first time leasing a car. I'm about to lease a loaded X5 4.8. The MSRP of this car is $70690. The selling price is $68,000. My salesman did not give me the money factor, etc. But with $3000 down, the monthly payment is $1015 before tax. What should i do to get a lower monthly payment? Please help! |
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Replying to: soc_fans (Mar 27, 2007 1:33 pm) It is going to cost over $36000 to lease a $70,000 car for 36 months when you include depreciation, interest and taxes. That's $1,000/month. If you have to put a lot of money down to "afford" the payment, you can't afford the payment.
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Replying to: soc_fans (Mar 27, 2007 1:33 pm) Hey, I'm not trying to be negative, but it's pure economics...either the money is there or it's not. I want one to, why do you think I visit this forum...dreaming! I simply cannot afford a $70K vehicle, hence, I bought a Sequoia...who said life was fair 
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Replying to: mikeoc1 (Mar 27, 2007 6:51 pm)
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Replying to: omegagen (Mar 27, 2007 10:34 pm) You should definitely put other factors such as standard of living, location and family into consideration too. I live in the city of San Francisco, and it's one of the highest standard of living in the States. |
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Replying to: soc_fans (Mar 28, 2007 1:16 am) A lower selling price means a lower monthly payment. Making a down payment at the start of a lease means a lower monthly payment too. The more you put down, the lower your payment goes. But, the more money you put down, the more your lease starts to look like a purchase, and defeats the reason you wanted to lease in the first place. The monthly payment on a lease is pure math, so you have to understand how the math works to make sure you're getting a proper deal. Good luck!
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...then WAIT!!!! I applaud BMW for selling/leasing the X5 at such a high price. That's what should happen when you have a good product, good marketing and good buzz on your product. Still, in my mind, this SUV is TOO expensive. I can't base this on anything other than a hunch, but I think lease prices for 36 months will settle down to the 700-800 range over the next 12 months with little $$ to start the lease. Once the newness wears off -- fewer and fewer people will pay the price of admission and BMW will adjust their sales tactics accordingly. I certainly understand wanting to get into a fantastic car at a cheap price, but the reality is that now, for this suv, you've gotta pay what they are asking. I don't think that'll be the case for long....
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Replying to: billmv (Mar 28, 2007 7:23 am) |
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