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BMW X5 Lease Questions

1118 messages, Last post on Dec 07, 2009 at 11:03 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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

Outline

Messages Page 45 of 113: 1; ...; 42; 43; 44; 45; 46; 47; 48; ...; 113; Prev; Next; Last

#432 of 1118 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)
#433 of 1118 Re: Want lower prices??? [gteach26] by british_rover Mar 30, 2007 (5:12 pm)
Replying to: gteach26 (Mar 28, 2007 9:22 am) A nearly 70,000 dollar car should not lease for less then 1,000 dollars a month unless there are heavy incentives behind the lease. A 60,000 dollar car that I sell leases for $1,200 plus a month because there are no incentives on the lease at all. Replies to this message: gteach26 (Mar 30, 2007 5:55 pm)
#434 of 1118 Re: Want lower prices??? [british_rover] by gteach26 Mar 30, 2007 (5:55 pm)
Replying to: british_rover (Mar 30, 2007 5:12 pm) You make a lot of sense. I'll just add that from my car buying experiences, it's all about the right car, at the right time, at the right dealership. X5's are new and hot. Lease prices and incentives currently reflect that. I got lucky with my current car -- a 65K LS430 -- leasing it for $690 plus tax; 36 months; with under 2K to start... Cap cost was pretty close to invoice. Again, a hungry dealership with a mid-cycle model run -- just timing and luck, I guess. It's all a matter of timing, an incentive-minded company, and a hungry dealership.... I'm sure BMW has people that are A LOT smarter than me figuring out what the market will bear, but asking 70K ($1000 per month lease)for the X5 seems a bit out of whack. Even people with money to burn don't like to overspend.... Here in South Florida there seems to be a BMW in every driveway and the dealer to dealer competition is pretty intense. As the X5 matures a bit, I still think lease prices will edge down quite a bit.
#435 of 1118 2007 x5 3.0 Advertisement by lugoesq Mar 31, 2007 (6:29 am)
There is an advertisement offering 36 mo lease/ 629 mo; MSRP 52,145 - Cold Wthr pack, Prem Pkg, Climate Pkg, total due $4889 (includes2995 down payment, 1st month payment, 650 ref. deposit, 625 bank fee) 10,000 mi/yr; Residual 31,808. Sign things will be better sooner rather than later? Replies to this message: gteach26 (Apr 01, 2007 6:02 am) xwoogiex (Apr 03, 2007 5:46 pm) mikeoc1 (Apr 04, 2007 5:43 am) mikeoc1 (Apr 04, 2007 5:45 am)
#436 of 1118 Re: Want lower prices??? [gteach26] by mmoreno1978 Mar 31, 2007 (10:07 am)
Replying to: gteach26 (Mar 28, 2007 9:22 am) Agreed. I told the local dealer to give me a call when the lease gets down to $700 a month/18K Miles a year. Similar to the 530xi lease.
#437 of 1118 Re: 2007 x5 3.0 Advertisement [lugoesq] by gteach26 Apr 01, 2007 (6:02 am)
Replying to: lugoesq (Mar 31, 2007 6:29 am) Soon I'll bet the "at start" cost will drop in half half (1st month, misc. dealer fees, etc..) and THEN the fun will begin. 7 or 8 X5's sitting on the lot with lots of lookers but no takers will work wonders on the price!! I'm sure in some secret executive lair deep in the bowels of BMW headquarters there is a list of incentives ready to start as soon as the market conditions call for them... It's still a bit soon though... a few more months for the newness to wear off should do the trick.... hang on!
#438 of 1118 Re: New to Lease [soc_fans] by anon3 Apr 01, 2007 (6:11 am)
Replying to: soc_fans (Mar 27, 2007 1:33 pm) There are only a few ways to lower the payment on a BMW lease. Some you can control and others you can't influence. Your options to reduce the monthly payment are: 1) make a bigger cash down payment, 2) negotiate a bigger discount off the MSRP, 3) take 10k miles per year instead of 12k or 15k, 4) pick a longer lease period, 5) try to get BMW to waive the security deposit if you have really good credit, 6) wait until BMW issues an incentive program with either a higher residual or a lower money factor/interest rate (and no one knows if or when that will happen until it happens), and 7) pick a car with fewer options or lower MSRP. If you're leasing through BMW Finance, the dealer does not control the residual value or the money factor/interest rate, so you cannot negotiate those. Sometimes taking a longer lease period doesn't lower the price because there are depreciation inflection points built into the lease programs where the residual will drop dramatically at a longer lease period and that will neutralize the reduction in price for the longer lease period. For example, I found the difference in monthly payment between a 24 month lease and a 36 month lease to be only $100 per month with the same down payment. And, of course, total cost of the 24 month lease was over $12,000 less than 36 months. Also, recognize that in most leases, taking $1,000 off the purchase price (or putting $1,000 more towards the down payment) will only change the monthly payment by around $20, depending on the length of the lease and the money factor. The best thing to do is ask your sales person which lease duration has the best residuals and money factor, and have him/her quote you payments under different programs. Also, you can use the payment calculator on BMW's website to estimate lease payments for different cars and lease durations, but beware! BMW's payment estimator does not include title, tax, etc. so the actual payments quoted by a dealer will be higher than the payments quoted by the website calculator. Finally, I'm sure you recognize that using longer lease periods, lower annual miles, etc. introduces long term costs and risk into the lease. Always look at the total cost of the lease and not just the monthly payment. Replies to this message: gteach26 (Apr 01, 2007 6:19 am)
#439 of 1118 Re: New to Lease [anon3] by gteach26 Apr 01, 2007 (6:19 am)
Replying to: anon3 (Apr 01, 2007 6:11 am) Good info! A much lower cap cost (with the dealers willing to take less profit on the deal) with good residuals and lease rates is where I think the X5 is headed... I can't see this SUV supporting this current price structure forever. Who knows.. maybe it will.
#440 of 1118 Want to Buy... Please Guide by xwoogiex Apr 01, 2007 (1:14 pm)
I've don't have much experience in car leasing/buying. I read all you Guy's comments. I don't know about various Dealer margins... So I just gave the dealers a final number... I want to buy X5(3.0) with Premium Pkg & Tech. pkg at $48600 whereas the MSRP with these accessories is about $3900 more $52,500 So my questions are: 1.You think asking for $3900 discount is bit too much or you think its Doable??? Should I ask for more? 2. You think I should wait for some more time for prices/discounts to come down or its gonna stay like this only? PLEASE ADVISE.. Replies to this message: mmoreno1978 (Apr 01, 2007 1:58 pm) xwoogiex (Apr 01, 2007 7:36 pm) mmoreno1978 (Apr 02, 2007 7:15 am) and 17 more... Car_man (May 04, 2007 2:51 am)
#441 of 1118 Re: Want to Buy... Please Guide [xwoogiex] by mmoreno1978 Apr 01, 2007 (1:58 pm)
Replying to: xwoogiex (Apr 01, 2007 1:14 pm) You could never ask for too much of a discount. The worse thing they can say is "NO". I would wait. I am sure X5 sales are way under what they expected. I doubt the dealers are making by having the cars just sitting in their lots. They know there are better trucks for the prices they are asking, so it only makes sense to bring down the price and become more competitive. Hope this helps. Replies to this message: xwoogiex (Apr 01, 2007 7:36 pm) mmoreno1978 (Apr 02, 2007 7:15 am) anon3 (Apr 03, 2007 8:27 am) and 16 more...

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