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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 6 of 227

#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
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#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
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Smart Shopper / Prices Paid Forums

#51 of 2262 Re: tpjcourtney [Car_man] by thetaxman

Oct 04, 2005 (6:11 am)

Replying to: Car_man (Oct 04, 2005 4:12 am)
Hello Car_man. I can confirm the .00100 money factor for the October program on the 2006 X-5 (not that you needed me to...), but I am trying to determine the appropriate residual for a 15K lease. They cited me 57%, but I have seen 62% for 10k and 60% for 12k - so by extrapolation I surmise 57% is correct. Of more concern - why are they trying to charge me $250 for the title and $149 more for the plates? Shouldn't this be more like $110 in total? I am not trusting them here...
In any case, for additional info for others, with $2,500 due on signing they want $660 per month (NJ Taxes included) for a 3.0 with a list price of $51,970. I compute that the dealer is still making over $2,500 on the vehicle so the monthly payment can still come down a bit...

#52 of 2262 October X5 lease deal on BMW's web site by drtravel

Oct 04, 2005 (10:19 am)

MSRP of $44,470
Cap cost of $41,970 (Full MSRP less $2,500 down)
MF of 0.0010
Residual $26,682 (60%)
 
Payment comes out to $493.32 + tax
 
To get their $499 number you have to use a Cap cost of $42,170 which means they are charging you $200 over MSRP!

#53 of 2262 Re: October X5 lease deal on BMW's web site [drtravel] by kyfdx HOST

Oct 04, 2005 (12:36 pm)

Replying to: drtravel (Oct 04, 2005 10:19 am)
Don't forget the $625 acquisition fee.... that is usually included in the cap cost on BMW's advertised leases...
 
regards,
kyfdx
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#54 of 2262 Re: October X5 lease deal on BMW's web site [kyfdx] by bdr127

Oct 04, 2005 (1:34 pm)

Replying to: kyfdx (Oct 04, 2005 12:36 pm)
And does BMW's advertisements use the MF buy rates? I would think ads from any manufacturer would have some finance profit built in....

#55 of 2262 Re: October X5 lease deal on BMW's web site [bdr127] by kyfdx HOST

Oct 04, 2005 (1:38 pm)

Replying to: bdr127 (Oct 04, 2005 1:34 pm)
Just in my personal experience.. the national ads, like the one on the website, use the buy rate..
 
My local dealer changes the numbers, even when they use a copy of the national ad in the local paper.... with the money factors marked up..
 
Of course, they don't advertise the money factor in either of the ads, but the ads in the local paper have monthly payments about $20-$30/mo. higher than the example on the website, for the exact same model..
 
Additionally, most of the BMW national lease ads assume about a $1000 discount from MSRP, taking into account any dealer incentives... That leaves plenty of profit for the dealer at the advertised deal.
 
regards,
kyfdx
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#56 of 2262 October X5 Lease Question by bmwshopper1

Oct 05, 2005 (7:34 pm)

What is a good target price for 2006 3.0 X5, automatic, prem. pkg, and rear climate? If I am a current BMW FS customer, purchased 2 years ago, what money factor should I be getting? I was told by a dealer that it is .0012 and that only current "lease" customers can get the .0010 Is this true? I have good credit. I'm assuming I should get the security deposit waived as well. Lease is 10K/yr and residual 60%. Thanks.

Messages Page 6 of 227

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