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BMW X5 Lease Questions

1117 messages,  Last post on Dec 06, 2009 at 9:09 PM

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

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#423 of 1117 Re: New to Lease [soc_fans] by mikeoc1 Mar 27, 2007 (6:51 pm)
Replying to: soc_fans (Mar 27, 2007 1:33 pm) Best advice to get a lower payment is to drive down the street to the Hyundai dealer and lease yourself a new Santa Fe.   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. Replies to this message: soc_fans (Mar 28, 2007 1:16 am) billmv (Mar 28, 2007 7:23 am) soc_fans (Mar 28, 2007 5:16 pm)
#424 of 1117 Re: New to Lease [soc_fans] by omegagen Mar 27, 2007 (10:34 pm)
Replying to: soc_fans (Mar 27, 2007 1:33 pm) Yeah, I have to agree with mikeoc1. If you can't afford the $1015 then you can't afford the X5! You could put down $10K, $20K, but that would be crazy on a lease! To really afford a $70K vehicle it would take a salary of $200K/yr.   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 Replies to this message: soc_fans (Mar 28, 2007 1:22 am)
#425 of 1117 Re: New to Lease [mikeoc1] by soc_fans Mar 28, 2007 (1:16 am)
Replying to: mikeoc1 (Mar 27, 2007 6:51 pm) I'm not asking you to tell me if i'm able to afford one or not. I'm asking for advice on how to lower the monthly payment since this is my first time leasing a car. I have always bought cars with full cash in the past. Replies to this message: billmv (Mar 28, 2007 7:23 am) soc_fans (Mar 28, 2007 5:16 pm)
#426 of 1117 Re: New to Lease [omegagen] by soc_fans Mar 28, 2007 (1:22 am)
Replying to: omegagen (Mar 27, 2007 10:34 pm) I have no problem at all using cash to pay this 70k vehicle in full. Just that considering i have just spent 90k on a porsche and bought a new home, it should be the time for me to lease an SUV and sell my 04 530i.   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.
#427 of 1117 Re: New to Lease [soc_fans] by billmv Mar 28, 2007 (7:23 am)
Replying to: soc_fans (Mar 28, 2007 1:16 am) soc fans....To answer your question directly, you must negotiate the lowest possible selling price, just like you would if you were paying all cash. You must also insist that the dealer use the manufacturer's "buy rate" money factor when calculating your payment, and also not mark up the acquisition fee. A dealer cannot control the MSRP, or the residual value, but they can control (and make money from) the selling price, the money factor, and the acquisition fee.   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! Replies to this message: soc_fans (Mar 28, 2007 5:16 pm)
#428 of 1117 Want lower prices??? by gteach26 Mar 28, 2007 (9:22 am)
...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.... Replies to this message: british_rover (Mar 30, 2007 5:12 pm) gteach26 (Mar 30, 2007 5:55 pm) mmoreno1978 (Mar 31, 2007 10:07 am)
#429 of 1117 Re: New to Lease [billmv] by soc_fans Mar 28, 2007 (5:16 pm)
Replying to: billmv (Mar 28, 2007 7:23 am) Thanks for the info Bill! I appreciate your help!
#431 of 1117 BMW website can help by omegagen Mar 28, 2007 (5:49 pm)
soc_fans, go to bmwusa.com. Build the vehicle and then go to the financing link. From there you can play with different scenerios. I used the site's financing section to apply and purchase my 2005 Z4, it's pretty simple.
#432 of 1117 New Lease Programs X5 3.0? by lugoesq Mar 30, 2007 (4:55 pm)
Hey Car Man, know if BMW has come out with any new lease programs for the X% 3.0? My lease is up on my 2003 X5 and I am weary of getting into another one with prices pushing 900MO. If not, I'll have to find an alternative pronto Replies to this message: Car_man (May 04, 2007 2:41 am)

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