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Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions
1100 messages, Last post on Nov 09, 2009 at 8:49 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hello, As a new user to the forum and a prospective X5 buyer I would greatly appreciate it if I could get some input as to this deal one dealer is offering us on a 2008 X5 3.0si in the Pittsburgh PA area: The vehicle includes: Cold Weather Package Premium Package Rear Climate Package iPod and USB adapter MSRP $51,625 Sell for $49,300 15K miles per year 36 Months 58% Residual $0 Down Total initial charges are: Disposition fee: $350.00 Security Deposit: $900.00 Acquisition Fee: $625.00 Fees and Insurance: $158.50 Upfront Taxes: $62.50 Total Initial Charges: $2599.85 Base Payment: $776.23 Total Payment: $853.85 per month This vehicle is on their lot, so there isn’t a dealer trade situation or custom order issue. The MSRP reduction seemed a little low to me and the initial fees don’t look right to me, although I will have no problem paying for them if they are legitimate fees. Any comments would be very helpful. Thanks in advance.
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Replying to: pursuit (Dec 26, 2007 3:58 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: ostexo (Jan 08, 2008 8:18 pm) Once you arrive at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using BMW Financial Services' buy rate lease money factor of .00270 (for non-returning customers who pay a security deposit at lease signing) and you're in business. The fees that you mentioned in your post look about right to me. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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| I am working on leasing an X5 3.0 ( 36 months, 12K miles) from a dealership in Houston. One dealership came 1K off MSRP and the other 1500 off MSRP. I asked the sales person if I would qualify for the BMW loyalty program and he said "since I paid cash for my 04 545 and didn't finance then I would not quality. This does not make since to me. Is this true? They are right in line for residual values but the money factor they are using is .0033 for one dealer and .00325 for the other dealer. Why are they using these since I see in your forum that the going rate is .0025? One of the dealers said that the .0025 rate was not all inclusive. Does this make sense? I have time to wait for a better deal later in the year. I know there is room in their price but I am confused by the money factor being out of line. | |
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Replying to: brentslu (Jan 14, 2008 3:32 pm) Here's the best I've been able to do in the Dallas area so far. I feel like there is room in the purchase price and haven't been able to get any reduction in the money factor (or acquisition fee) to this point. Any advice would be appreciated as I'd like to order the car this week! MSRP: $57,575 Price Reduction: $2,000 Purchase Price: $55,575 Acquisition Fee: $850 Money Factor: .00325 |
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I have started exploring market since my lease is up in less than 2 month. X5 and Q7 are the SUV's I'm interested in. Apparently there are currently no deals for either. Stock of 2008 X5 3.0 models is low (at least on few east coast dealerships) and dealers are not offered any incentives. There is excellent rebate in the amount of $3K for 2007 models, however there are basically no 2007 3.0 left and only few 4.8. I realize it's the winter time when SUV probably sold better than any other time of the year. What are the predictions, should we see any promotion towards the end of the January or February? Any thoughts, comments ideas are welcomed. I will keep waiting in the meanwile - hate to pay top $ for the empty X5
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Replying to: beoperson (Jan 18, 2008 11:43 am) MSRP - 72,325 Invoice 66,295 Purchase Price 63, 095 (this includes the 3K cash back) Lease Factor .0275 32 month lease (Residual 64%) 10K mileage allowance $790 per month lease plus tax, title, lic., acquistion fee and first months payment. No security deposit I did not negotiate b/c I thought this was a great deal. Although I did get him to throw in Satelite Radio b/c his original add said the car had it, and actually it didn't. Dealership told me that the had a great December and were told that they were not getting many X5 deliveries in January. Supply is low across the country.
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Replying to: brentslu (Jan 18, 2008 12:40 pm) |
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Hey, I am looking to turn in my X5 next month but do not want to stay with same dealer in NJ (Defeo) as they will not give me a good deal! So am currentlly looking. What is the MF and residual on this vehicle? I was told that it was 58% and .00270 - is this accurate? Are there any dealers in the NY metro area giving any incentives since it is nearly end of month? Are the internet specials on their web pages any good, except for the fact that they only offer 10k (I need 15K) & can I negotiate their advertised numbers or just start from scratch? Thanks
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Just got offered deal on 07 x5 3.0, cold weather/premium/rear climate/runningboards/3rd row/satellite/ipod/park distance/comfort access msrp 57370, price 53215, cap red 2500, 32 months, 10K/year, MF .0025, resid .64 $4188down including taxes/fees and $653/month with tax inc good deal? |
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