Last post on May 19, 2013 at 9:01 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, Car Leasing, SUV
#562 of 2262 Re: X5 lease [milti]
Nov 15, 2007 (2:43 pm)
milti.....you should get rid of your current lease by having someone assume it. then you don't have to worry about early termination fees, credit, etc. Go to www.swapalease.com and sign up for their service.
I just picked up a great deal on a 2005 X5 about a month ago through them. You can have someone officially assume your lease through BMW FS (back in Hilliard, Ohio) and you're off the hook. The paperwork takes a couple weeks, but it's the answer. Then you can go get the new vehicle you want. BMW told me they do hundreds of these deals. As we used to say back in Montana when I was a kid...."It's slicker than snot on a doorknob."
#563 of 2262 Re: X5 lease [milti]
by kyfdx HOST
Nov 15, 2007 (5:11 pm)
Since your question is more general in nature, rather than BMW specific, you might get a wider readership, and more answers by posting here:
General Questions about Leasing Vehicles
#564 of 2262 X5 CPO Money Factor and Residuals
Nov 28, 2007 (6:27 am)
Hello - does anybody know the money factors and residuals for a 12K / 15K 12/24/36 month X5 CPO lease?
#565 of 2262 New Lease rates for Owner Loyalty
Dec 08, 2007 (12:47 pm)
BMW has dropped the lease rates by .001 for returning/existing BMW owners. The revised lease rate for Dec. is 0.0017. This is about a $90 per month reduction on a 3 yr 36m lease for a $50k car.
#566 of 2262 Re: New Lease rates for Owner Loyalty [vat69]
Dec 08, 2007 (9:43 pm)
vat69......do you happen to know the lease rates and residuals for returning owners of X5s? I have one where the lease expires in Oct 2008, and I'd like to start figuring out some tactics very early about how to deal with BMW.
#567 of 2262 Re: New Lease rates for Owner Loyalty [billmv]
Dec 09, 2007 (10:55 am)
The current lease rate for returning owners is .0017, however who knows what it will be next October! Residuals are 60% for 3yr/36k miles and 61% for 3yr/30k miles. This is on the 3.0's. Not sure on the 4.8's - probably the same.
#568 of 2262 Re: New Lease rates for Owner Loyalty [vat69]
Dec 09, 2007 (11:12 am)
Thanks! I have a 2005 4.4, by the way. I'm also wondering what the numbers might be if I wanted to extend my current lease for another 9-12 months. I like the car, and wouldn't mind keeping it for another year. Got any knowledge of what might happen in that case? Do you think BMW would use the residual value they would have used for a 48 month lease back when they did my current lease (which was a 39 month lease rather than a 36, in July 2005)? It seems like the residuals usually drop off pretty drastically when you go from a 36 month deal to a 48 month deal, and the money factors go up quite a bit too, so the numbers maybe pretty bad. I'd probably be better off to just go to a new one.
#569 of 2262 Re: New Lease rates for Owner Loyalty [billmv]
Dec 10, 2007 (11:48 am)
I am not familiar with lease extensions (probably rarely done) but I would suspect that your monthly payment may not be significantly different if you just went with a new lease with minimum down payment. As the car ages, the depreciation increases exponentially, causing the residuals to drop-off sharply.
#570 of 2262 Re: New Lease rates for Owner Loyalty [vat69]
Dec 10, 2007 (3:32 pm)
In my experience BMWFS does not have a problem if you want to keep your vehicle two months longer, or more that that if you are waiting for a new BMW and have a VIN or order number. Anything else and you would have to negotiate a new lease on your old vehicle, and as vat69 says you will probably be better off with a new vehicle.
#571 of 2262 Is this a good lease?
Dec 10, 2007 (5:20 pm)
2007 X5 4.8 - MSRP $62,320
Lease 3yr./36 mo.; no money down
Although, it is not necessary for purposes of my question, but just FYI - I was told this includes dealer payment of TT&L (approx. $4K) and $3000 dealer cash toward my lease.
Any comments are much appreciated.