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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 56 of 227

#544 of 2262 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
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Prices Paid: Buying & Leasing Experiences Forum

#545 of 2262 MSRP (car_man) by lextons1223

Oct 07, 2007 (1:48 pm)

The car i'm interest in is $56,500 MSRP, they are willing to knock it down to $55,950.
 
Does the MF apply to the 2008 BMW? or different?
 
The only concern is for me currently is that the dealer swiped $1000 from my credit card for deposit of the 2008 custom vehicle. But I have no sign anything but just the receipt of credit card. I am feeling that they are trying to force me into buying a much higher cost vehicle. Please advise me of some possiblity of what to do and how to negotiate of a better rate. Thx again.

#546 of 2262 Re: MSRP (car_man) [lextons1223] by prove051

Oct 09, 2007 (6:39 pm)

Replying to: lextons1223 (Oct 07, 2007 1:48 pm)
For 2008 X5 in October, MF went up to .00275 while residuals (60% with 12K p/year for 36 month)stayed same as 07's.
As far as cost of the car, 08 has free panorama sunroof and wood before you even select Premium package. Premium went down by $1300 so if you were to get premium package or wanted sunroof, you are saving $1300 just right there.
Leasing doesnt get much support from BMW financial though.

#547 of 2262 Re: BMW X5: Lease Questions [Car_man] by ramysharaf

Oct 11, 2007 (10:17 pm)

Replying to: Car_man (Aug 31, 2005 3:15 am)
Hi everyone. First I want to thank everyone who posts here. It was such help to educate myself before leasing my new X5. I just wanted to through my deal up here and see if I got a good deal or not so here we go:
 
2007 BMW X5 4.8i
Active Vent Seat Package
Cold Weather Package
Premium Package
Premium Sound Package
Rear Climate Package
Sport Package (20" Wheels)
Technology Package
Active Steering
Comfort Access System
Running Boards
Rear Manual Side Window Shades
Heated Rear Seats
Rear Seat Entertainment
IPOD / USB Adapter
Head Up Display
 
*Pretty much all the options with the exception of third row seating.
 
MSRP: 77275
Negotiated Purchase Price: 73238.00
36 Month Lease with 15,000 miles per year
$1,130 Month
Inception Fees:
 - $1130.00 First Month
 - $407.52 Cap Cost Reduction
 - $28.53 Sales Tax on Cap Cost Reduction
 - $1150.00 Security Deposit
 - $20.00 Title Fees
 - $239.50 Registration Fee
 - $625.00 Acquisition Fee
 - $256.50 NJ TIRE & RED/DOC FEE
 - $292.25 SUPP TITLING FEE
 
***Total at signing was $4150.00
 
So to recap $4150 at signing $1130 per month on 15k / 36 months. Did I get ripped off?????

#548 of 2262 Re: Re: Realistic Lease Price [Car_man] by hefner

Oct 16, 2007 (2:20 pm)

Replying to: Car_man (Sep 26, 2005 2:58 am)
Car_man! sorry for replying to another's question to get to you but I have yet to figure out how to post to the forum!?! I also sent this by email directly to you but in case that is incorrect here is my question:
 
I wish to order an '08 X5 - list is $67M and change. Dealer is quoting a .00310 factor while acknowledging that the '07 factor is .00230 as you reported. That's a whale of a difference - so my questions are: 1) do you think the factor will come down soon after the '08's hit the street - mine would be a Dec. 1st deliver or 2) is there a way for me to get the factor down a this time and 3) is the factor strictly in the control of the dealer (and therefore he is looking at a big profit on this vehicle) or is the base factor set by BMW?
 
The deal quoted is 2% discount 36 mo .00310 or $1023.96 per month (MSRP on this deal was $62175) with 58%.
 
Thoughts?!?

#549 of 2262 Re: Re: Realistic Lease Price [hefner] by billmv

Oct 29, 2007 (10:54 pm)

Replying to: hefner (Oct 16, 2007 2:20 pm)
hugh.....To post to this forum, first you have to join it. In the upper left area you'll see a green link that says JOIN. Click it and follow the instructions. Then when you want to post in the future, just sign in and you'll see a box at the bottom of the page where you can enter your comments. If you want to reply to a previous post, click on Reply to the right of the subject line for that post. Then click on Logout up at the top right when you're done. If you want to change what you've said, or add something more, you have about 15 minutes to click on Edit to the right of the subject line of your post to make changes.
 
You say "list is $67M and change" and then say (MSRP on this deal was $62175). "List" is usually MSRP. Is the dealer increasing the price $5,000 over MSRP? What is the negotiated selling price/capitalized cost?
 
The base MF is set by BMW, but the dealer can jack that up to make the spread more profitable to the dealer.
 
Don't know about the other questions.

#550 of 2262 Re: BMW X5: Lease Questions [Car_man] by rootbeer1

Nov 03, 2007 (2:56 pm)

Replying to: Car_man (Aug 31, 2005 3:15 am)
We currently are leasing a 2005 X5 3.0 (Our lease ends in six months). Our credit score is in the very high 700. We have made all our payments in time. We are so happy with this car that we would now want to lease a 2007 X5 4.8. We have done all our research on this vehicle and have a Edmond's TMV Pricing Report on it as well. My question to you is:
A) Does it matter that we have an excellent credit score when leasing a vehicle? Should it help us get a better interest rate (money factor)?
B) Because we are currently leasing a BMW and would like to lease another one, does BMW have some kind of a "loyalty program" that should help us get a better deal?
C) Do we get the "residual value" of the car from the dealer and can he lie to us about that? What about the money factor?
 
Thanks!

#551 of 2262 Re: MSRP (car_man) [lextons1223] by Car_man HOST

Nov 06, 2007 (5:09 am)

Replying to: lextons1223 (Oct 07, 2007 1:48 pm)
Hi lextons1223. BMW Financial Services' new November buy rate lease money factor for the 2008 BMW X5 3.0 is .00275.
 
Certainly aren't being given much of a discount on your X5. I have seen community members report getting bigger discounts than this. Try stopping by the following discussion to see how much other community members have paid for similar trucks lately: "BMW X5 Prices Paid and Buying Experience". The fact that you have already given the dealer a $1,000 deposit certainly will not help your bargaining position any. The dealer will feel as though it has leverage over you because you will not want to walk away from this deal and risk losing your deposit even if it was supposedly refundable.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#552 of 2262 Re: BMW X5: Lease Questions [ramysharaf] by Car_man HOST

Nov 06, 2007 (5:15 am)

Replying to: ramysharaf (Oct 11, 2007 10:17 pm)
I'm glad that you've found this discussion so helpful, ramysharaf. Wow, you certainly are getting an expensive X5. I estimate that this truck probably has a spread of a little over $6,000 between its full MSRP and its dealer invoice price. The $4,000 discount that you were given isn't bad. Do you know what money factor was used to calculate your monthly payment? As long as the dealer didn't mark up BMW FS' buy rate for your lease, I'd say that this is a pretty good deal for this particular vehicle.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#553 of 2262 Re: Re: Realistic Lease Price [hefner] by Car_man HOST

Nov 07, 2007 (3:18 am)

Replying to: hefner (Oct 16, 2007 2:20 pm)
Hi hefner. Vehicles' buy rate lease money factors are set by banks, not dealers. Having said this, dealers often have the authority to mark-up banks' buy rates to add additional hidden, back-end profit to deals. BMW dealers are notorious for doing this. The .00310 lease money factor that you were quoted for the 2008 X5 that you are interested in is too high. BMW Financial Services' current buy rate for a 36 month lease of an '08 X5 is only .00275 for consumers who pay a security deposit at lease signing. Make sure that the dealer that you are working with uses this factor to calculate your truck's monthly payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 56 of 227

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