Last post on Dec 02, 2013 at 3:38 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, Car Leasing, SUV
#505 of 2372 Re: New to BMW Leasing [msc20005]
Jun 05, 2007 (2:15 am)
Welcome msc20005. I'm glad that you have found this forum so helpful. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
You were smart to find out what money factor was being used to calculate your vehicle's monthly payment. The salesperson probably was told not to reveal it to you so that the dealer could mark it up without you knowing. I personally would never lease from a dealer that wouldn't tell me what money factor they were charging me. That's like financing a new vehicle from a dealer that refuses to tell you what interest rate they are charging you. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2007 X5 4.8i is .00230 with the payment of a security deposit at lease signing. It looks as though the dealer that you are working with is trying to mark your truck's money factor up to add hidden profit to your deal. BMW dealers are notorious for doing this, but it can usually be avoided by savvy consumers who know what their vehicle's money factor should be and who are willing to shop around if their are not given it. Make sure that the dealer you are working with uses this factor to calculate your truck's lease payment.
Not only is this dealer trying to mark your money factor up, but they are only offering you a $500 discount. I suspect that you can get a better price than this without too much difficulty. Make sure to stop by the following discussion to see how much other community members have paid for their X5s lately: "BMW X5: Prices Paid & Buying Experience".
Prices Paid Forum
Jun 05, 2007 (2:18 am)
Hi l00q6227. I would be happy to estimate what sort of monthly payment you can expect to pay on this truck, but in order for me to do so I need you to tell me what its selling price is. At first glance, $1,175 does sound high.
Prices Paid Forum
#507 of 2372 Re: Does anyone know the June Money Factor? [james72766]
Jun 05, 2007 (2:22 am)
Hello james72766. BMW's lease program for this truck varies by term and mileage allowance. You never mentioned what these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. BMW Financial Services' June buy rate lease money factor and residual value for a 36 month lease of a 2007 X5 3.0si with 15,000 miles per year are .00230 and 58%, respectively.
I see in your next post that you revised your "over sticker" to "over invoice." That's good, because when I first read over sticker I was like . $1,895 over invoice isn't terrible, but that's still a decent amount to play with. It wouldn't hurt to contact another dealer or two to see if you can beat these offers. Also, make sure to stop by the following discussion to see how much other community members have paid for their trucks lately: "BMW X5: Prices Paid & Buying Experience".
Prices Paid Forum
#508 of 2372 what is the june money factor and residual value
Jun 14, 2007 (6:11 am)
does any one know the june money factor and residual value on a bmw x5 3.0 ,39 month lease, 12,000 miles per year, with no money down with a security deposit?
#509 of 2372 Re: BMW X5: Lease Questions [Car_man]
Jun 14, 2007 (6:45 am)
Edmunds has posted lease incentives on X5 4.8 but when I go to the dealer to inquire, they tell me i need to put almost 8000 down and that still doesnt get me to the advertised lease deal. Where does Edmunds get their info. Current offer is 65000 (dont have exact figure) and they are only discounting about 500.00. Payment would be 950.00 after almost 8000.00 down. Surely there are better deals. thanks for your help
#510 of 2372 Whats a good lease on a 2007 x5 3.0?
Jun 16, 2007 (10:01 pm)
I visited the local BMW dealer a few days ago and setted on a 3.0 x5 with Premium and Tech package. Total was about $53225 for 15000 miles per year and 5700 out of pocket. The 36 mo lease offer was approx 721, dealer told me they would bump it down to 700 with taxes included. This was a dealer in florida, i called up a few other dealers and was offered 699 and then 695 per year. I have the feeling by how quickly they were to drop the price, even though by a few dollars thats there that there getting me. 5700 seems like alot out of pocket for a car i'm not even going to keep.
#511 of 2372 Re: Does anyone know the June Money Factor? [james72766]
Jun 16, 2007 (10:10 pm)
james, Which dealer in ponabo offer u this price and what did u rmonthly payment turn out to be?
#512 of 2372 Re: BMW X5 [Car_man]
Jun 16, 2007 (10:13 pm)
what sort of monthly payment can get i get from a 3.0 msrp 53225 including preium and tech pacage, 1500 miles per year and 5700 out of pocket. Any help would be much appreciated.
#513 of 2372 Just Starting Out
Jun 17, 2007 (4:08 pm)
I am looking at an BMW X5, Premium Package and Sports Package in White. MSRP 54,325.00.
798/month incl tax
10,000 mi/yr - 36 months
Money Factor 2.5
Bank Fee: 825.00
Document Fee: 45.00
Lic. and Reg: 408.75
First Payment: 798.00
Total Drive Off: 2148.00
No Cap reduction.
Where can I do better with these numbers?
#514 of 2372 urgent, leasing in a few days.
Jun 18, 2007 (8:46 am)
I am looking at an BMW X5, Premium Package and Technology Package in black. MSRP 53,225.00.
700/month incl tax
15,000 mi/yr - 36 months
Money Factor 2.3
Total Drive Off: 5700
Is this a good deal? Am i getting enough options for the price
Where can I do better with these numbers in florida?