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BMW X5 Lease Questions

2270 messages,  Last post on Jun 19, 2013 at 8:02 AM

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

Messages Page 55 of 228

#535 of 2270 2007 X5 lease by kabbalah

Jul 30, 2007 (2:12 pm)

Picked up my X5 this weekend. Details as follows;
 
X5 4.8
Sport pkg with 19' wheels
Premium pkg
Premium sound
Rear climate pkg
Comfort(multi contour) seats
Comfort access
Running boards
3rd row seat
Heated front seats
Park distance control
Ipod USB adaptor
Navigation
Satellite radio
and Dealer added BMW towing hook/pkg
 
MSRP before tow hook is $71,820
 
36 month, 12/k year, .00230, 60% residual
 
In addition, there was an $825 aquisition fee from BMW FS, and a $499 doc fee.
 
Deal was a little complicated because I rolled $2K in mileage overages, and drive off into the cap. Car was roughly $2500 off MSRP. Monthly payment (only 35) is $1134 plus tax.
 
A question I have for all of you is I have the 19" Michelin Lattitude HP ZP (Run flat) tires. I was offered a road hazard plan for $595 that cover the tires & wheels thru a company called Fidelity Warranty. Plan pays to replace tires & wheels up to a $5,000 lifetime maximum from road hazards. Michelin ZP's are not repairable after a flat according to michelin. Plan was $59 down and 18 equal no interest payments for balance. On my previous X5 4.4, I had at least 3 flats with Michelin Diamaris tires that cost approx $300 each to replace. Any opinions on this warranty? The Bimmer dealer says that they are a good warranty company.
 
thanks

#537 of 2270 Re: 2007 X-5 [firepig] by Car_man HOST

Aug 24, 2007 (2:53 am)

Replying to: firepig (Jul 28, 2007 8:23 pm)
Hello firepig. Dealers are usually willing to provide better deals on vehicles that they already have in inventory than on ordered vehicles. The main reasons for this are that dealers have to pay floorplan interest on vehicles that they have on their lots. The sooner they sell a vehicle that they have in stock, the sooner they can stop paying interest on it. Also, as the old saying goes...a bird in hand is worth two in the bush. Dealers would rather seal the deal on your vehicle now rather than wait and risk having you shop around some more or just change your mind between the time that you place your order and when you vehicle arrives.
 
I have seen community members report getting bigger discounts than $1,000 on the X5 recently. You definitely should stop by the "BMW X5: Prices Paid & Buying Experience" discussion to see how much others have paid for similar vehicles.
 
As you mentioned, BMW Financial Services' current buy rate lease money factor for the 2007 X5 is .00230 with the payment of a security deposit at lease signing. If a dealer tries to use a higher factor than this to calculate your monthly payment, they are marking-up BMW FS buy rate to add additional, hidden profit to your deal. Tell this dealer that if they won't use the buy rate to calculate your payment, you will shop around to find a dealer that will.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#538 of 2270 Re: 2007 X5 lease [kabbalah] by Car_man HOST

Aug 24, 2007 (2:55 am)

Replying to: kabbalah (Jul 30, 2007 2:12 pm)
Congratulations on getting your new X5, kabbalah. Thanks for taking the time to share the details of your deal with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of this site to share your thoughts on your recent dealer experience. Enjoy your sweet new ride .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#539 of 2270 Going Rates on X5 4.8i by willgur

Aug 27, 2007 (8:02 pm)

On a 2007 X5 4.8i with an MSRP of $62,700 what would be a reasonable "over the invoice" mark up? Is it any better for the 3.0i? I am in Northern California, and the inventory is very limited. What are the current (August and September, if available) money factors and residuals for 15K miles and 36 months lease? I am new customer to BMW FS and will probably have to pay security deposit to get a better MF.

#540 of 2270 Re: Going Rates on X5 4.8i [willgur] by Car_man HOST

Aug 31, 2007 (3:40 am)

Replying to: willgur (Aug 27, 2007 8:02 pm)
Hello willgur. According to the latest information that I have seen, BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 X5 4.8i with 15,000 miles per year are .00230 and 58%, respectively. You are correct, as a new BMW FS lessee you will have to pay a security deposit that's equivalent to your car's monthly payment rounded up to the nearest $50 increment to take advantage of the aforementioned factor. BMW FS will waive its security deposit requirement in exchange for an increase of .00015 in your truck's factor.
 
As far as this vehicle's selling price goes, I am personally not all that familiar with what the market for it is like in your area. You may be able to get an idea of how much you will have to pay for it right now by visiting the following discussion: "BMW X5: Prices Paid & Buying Experience".
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#541 of 2270 CPO Lease by johnbrain

Sep 27, 2007 (5:19 pm)

Hi;
 
I was wondering what the pitfalls of leasing a Certified Pre-Owned is? Both Audi and BMW "market" them. I have bought many new and used cars over the years, but only leased one new car. I did pretty well but have always thought of leases for New cars.
 
I am thinking of an X5.

#542 of 2270 BMW Lease offer suggestion plz by lextons1223

Sep 30, 2007 (1:38 pm)

I went to the dealer today and I got this quote and let me know if this is a good price. I paid them $1000 deposit for the car to be build and ready in 3 month.
 
Car includes: premium, technology pack, 3rd row seat, climate, and running board.
 
Total: $55950
lease: 36 month
milage: 12000/month
cap reduction: $1200
MF: .0027
Res Factor :60%
drive off lease : $7664
monthly payment :$ $824 (not include tax)
 
I am returning a leased X5 and have to pay around $3800 for over mileage, which it is included in the monthly payment too.
 
Please can seome expert give me some good advice what to do and am I getting a fair deal? what is the avg monthly payment.
 
Thanks in advance.

#543 of 2270 Re: CPO Lease [johnbrain] by Car_man HOST

Oct 05, 2007 (2:20 am)

Replying to: johnbrain (Sep 27, 2007 5:19 pm)
Hi johnbrain. The main problem that I have with leasing CPO vehicles is that manufacturers usually provide much less lease support on them then they provide on new vehicles. As a result, it often turns out that a lease of a Pre-Owned vehicle is often not much less expensive than a lease of a similar brand new vehicle. Always make sure to get a price quote on a new version of any CPO vehicle that you are considering leasing to make sure that going with the used vehicle is actually substantially cheaper. If it is, great go for it. If it's not then just finance or pay cash for the used vehicle or go with a lease of a new one.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#544 of 2270 Re: BMW Lease offer suggestion plz [lextons1223] by Car_man HOST

Oct 05, 2007 (2:25 am)

Replying to: lextons1223 (Sep 30, 2007 1:38 pm)
Hi lextons1223. The money factor that you were quoted for this lease is too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2007 BMW X5 is currently only .00230 with the payment of a security deposit at lease signing (the deposit is waived for free for returning lessees). It appears as though the dealer that you are working with is trying to mark your vehicle's money factor up to add additional hidden, back-end profit to your deal. This sort of thing happens all the time with BMW dealers, but it can often be avoided by consumers who shop around or negotiate further.
 
In your post you mentioned a price of $55,950. Is this the selling price of the X5 that you are interested in? If so, what is its MSRP. I need to see the difference between the two to see how much of a discount you are being given. Let me know and I'll tell you what I think.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 55 of 228

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