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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

#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

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

Nov 07, 2007 (3:31 am)

Replying to: rootbeer1 (Nov 03, 2007 2:56 pm)
Greetings rootbeer1. BMW Financial Services' uses a pass / fail system to determine whether consumers can lease vehicles through it. This means that the only benefit that you will derive from your solid credit score is the ability to lease through BMW FS.
 
BMW is running a loyalty program that provides enhanced special lease money factors to current lessees on certain models right now. Unfortunately, the X5 is not one of them.
 
Vehicles' residual values are basically set in stone and individual dealers do not have the ability to alter them. However, dealers can mark-up vehicles' money factors to add hidden profit to deals. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 X5 4.8 with 15,000 miles per year are .00230 and 58%, respectively. Make sure that the dealer you are working with uses these numbers to calculate your truck's monthly payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#555 of 2262 For Car_Man by milti

Nov 11, 2007 (4:49 pm)

Car_man,
 
Thank you for all the information you provide.
 
I leased a 2006 X5 in June of 2006. It is a three year lease. I am thinking about getting a newer X5 (2007 or 2008) before my lease is up.
 
The reason for this is to get more options such as a trailor hitch and naviagtion without having to spend $2000 or so to acquire these options, only to lose this money when I turn the vehicle in.
 
My questions are:
 
What should I be concerned with (and know about) canceling a lease early even though I want to re-lease from the same dealer?
 
Does it affect my credit rating?
 
If I were to go ahead and pay to have the options installed and thereby raise the value of the car, how can this benefit me. Would it only benefit me if I were to buy the car at the lease's end or are there other benefits?
 
Thanks in advance

#556 of 2262 Return of Security Deposit by slailor

Nov 13, 2007 (11:12 am)

I have multiple SDs on 530 and lease is almost up. Does anyone know how long it takes after turn-in to get back the security deposits?
Thanks

Messages Page 56 of 227

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