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BMW X5 Lease Questions

2260 messages,  Last post on May 18, 2013 at 1:32 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 50 of 226

#490 of 2260 Re: May Lease Rates [donkey1217] by Car_man HOST

May 07, 2007 (2:22 am)

Replying to: donkey1217 (May 01, 2007 12:43 pm)
Hi donkey1217. I believe that BMW's May lease program for the X5 slightly worse than it was in April. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 X5 3.0 with 15,000 miles per year are .00230 and 58%, respectively. The numbers for an otherwise identical lease of a 2007 X5 4.8 are exactly the same.
 
Car_man
Host
Prices Paid Forum

#491 of 2260 Re: May Lease Rates [paxtonk] by Car_man HOST

May 07, 2007 (2:28 am)

Replying to: paxtonk (May 03, 2007 11:10 am)
Hi paxtonk. See my previous post for the X5's 36 month numbers. The money factors for 42 month leases of these trucks would be the same, but their residual values would drop to 53% for the X5 3.0 and 52% for the X5 4.8.
 
Car_man
Host
Prices Paid Forum

#492 of 2260 New to BMW Leasing by msc20005

May 08, 2007 (1:34 pm)

Hello, Thank you all for having such an informative and active forum. I'm glad I found it.
 
I've just sold my '01 Audi allroad (if the buyer is satisfied with the pre-purchase inspection at the dealer, fingers crossed), and am considering the X5 4.8i as a replacement.
 
This will be my first lease, and am drawn to it by the disappointment in the resale value after owning and selling several cars.
 
I visited the local BMW dealer last Saturday and spec'd out an truck with Sport, Premium, 3rd row, Rear Climate, Tech, Cold, and iPod... Total was about $67k. The 36 mo lease offer was approx $1150/mo, including the 10% DC Tax. Residual was 61%, MF .0027. The salesperson said she wasn't supposed to tell me the MF, but was being nice, so she left it on the desk for me to see. Right. I wasn't able to reproduce the monthly figure with the formulas on the web, I kept coming out a about $100 low.
 
Based on this and the Prices & Experiences forum, I now see that this was a pretty bad deal, plus the fact that she was only offering $500 off MSRP.
 
Here are my questions: What affects the MF I am offered at the dealer? Are the tabulated residual, MF, and lease length figures published, or is this the best place to find them? How often are these figures updated? Do promotional leases manipulate the residual, MF or both? If I know the current rate from this forum, can I negotiate for that? Given the advice to avoid paying down the capitalized cost, does it then make sense to get the shortest lease possible, i.e. 24 months? Regarding the multiple security deposits for reducing the MF, are those refunded at the end of the lease? Does everyone qualify to make multiple deposits? Do you have to ask for that deal specifically?
 
Thanks in advance.

#493 of 2260 Re: New to BMW Leasing [msc20005] by donkey1217

May 08, 2007 (6:53 pm)

Replying to: msc20005 (May 08, 2007 1:34 pm)
Hey MSC 2005,
You are getting a really bad deal at the dealership and would look elsewhere if I were you. First they are marking up the money factor. As you can read in previous posts the MF for may 2007 is .0023. In addition, that discount is not so good. I live in NY and have found atleast 2000 discounts on the X5 no problem at several different dealerships. There are plenty around right now as the lease deals haven't been good at all yet and the gas prices are climbing, which gives you some leverage.
As far as other stuff about leasing, people will give you all sorts of games and ways to play with the lease formula but the only thing you can do is make sure you are getting the best money factor (ie- they are not marking up the money factor, as they are in your case), and get the most off the MSRP as possible. Several companies do offer to lower the MF if you give multiple security deposits, but personally I prefer to have my money tied up elsewhese. Good luck.
In addition, don't know if you are locked into an X5, but as you will learn leasing and specials often don't have too much to do with MSRP as much as they do dealer incentives and lower MF, so depending what else you are interested in you may be able to find a substially better lease deal.

#494 of 2260 May Lease Program by paxtonk

May 09, 2007 (8:21 am)

Replying to: Car_man (May 07, 2007 2:28 am)
Hi Car_man, first let me thank you for all the great help. I've got one dealership down to $1000 over invoice on the 3.0 X5. I wanted to just sum up what I know and make sure it's correct and at the same time ask another question.
 
BMW bank fee is $625
 
36 months & 15,000 miles per year residual is 58%
The money factor is .00230 with 1 security deposit and .00245 waiving the security deposit.
 
My additional question is what would the above be at 42 and 48 months?
 
Thanks so much.

#495 of 2260 Re: May Lease Program [paxtonk] by kyfdx HOST

May 09, 2007 (8:24 am)

Replying to: paxtonk (May 09, 2007 8:21 am)
Those numbers are correct...
 
I don't know about 42 months, but the 48 month rates are terrible..

#496 of 2260 Re: May Lease Program [kyfdx] by paxtonk

May 10, 2007 (5:00 pm)

Replying to: kyfdx (May 09, 2007 8:24 am)
My dealer is telling me that because I haven't been with BMW Financial in the past 6 months I would need to raise the MF .00015. Is this true?
 
BTW - I found out the Residual on a 42 month 15K is 53%.
 
Thanks.

#497 of 2260 Re: May Lease Program [paxtonk] by kyfdx HOST

May 10, 2007 (6:31 pm)

Replying to: paxtonk (May 10, 2007 5:00 pm)
If you aren't a current BMWFS customer, you have to make a security deposit... If you choose not to, then the MF bump is indeed .00015

#498 of 2260 Re: May Lease Program [kyfdx] by paxtonk

May 10, 2007 (6:42 pm)

Replying to: kyfdx (May 10, 2007 6:31 pm)
I'm confused...
 
.0023 is buy rate with a security deposit
.00245 is buy rate without a security deposit
.0026 is buy rate without a security deposit for a non BMW financial customer
 
Is this correct?
 
Thanks.

#499 of 2260 Re: May Lease Program [paxtonk] by kyfdx HOST

May 10, 2007 (6:44 pm)

Replying to: paxtonk (May 10, 2007 6:42 pm)
Nope
 
.0023 is the buy rate for a current customer without deposit
 
.0023 is the buy rate for a new customer with deposit
 
.00245 is the buy rate for a new customer without deposit
 
.0026 is marked up...

Messages Page 50 of 226

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