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BMW X5, Car Leasing, SUV
#593 of 2374 Re: Owner loyalty program [pursuit]
Jan 11, 2008 (3:44 am)
Hi pursuit. What you were told appears to be correct. I do not believe that BMW is providing a special money factor reduction on the 2008 X5 for returning lessees this month. BMW Financial Services' January buy rate lease money factor and residual value for 36 month lease of a 2008 X5 3.0si with 15,000 miles per year are .00270 and 58%, respectively. Non-returning BMW FS customers who want to have their security deposit waived will have to pay .00015 more than this.
Prices Paid: Buying & Leasing Experiences Forum
#594 of 2374 Re: 36 Month/15K mile X5 3.0si Deal in Pittsburgh, PA? [ostexo]
Jan 14, 2008 (2:19 am)
Welcome ostexo. Let's take a look at the deal that you were offered. The dealer invoice price of the 2008 X5 that you described is $47,515. The selling price that you were offered is $1,785 over invoice. That isn't bad, but there's still some room there. It wouldn't hurt to comparison shop if there is another BMW dealer or two in your area to see if you can beat this offer. Also, make sure to stop by the "BMW X5 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar trucks lately.
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.
Prices Paid: Buying & Leasing Experiences Forum
#595 of 2374 X5 Lease Question
Jan 14, 2008 (3:32 pm)
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.
#596 of 2374 Re: X5 Lease Question [brentslu]
Jan 15, 2008 (9:06 pm)
Appreciate all the info in this forum.
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!
Price Reduction: $2,000
Purchase Price: $55,575
Acquisition Fee: $850
Money Factor: .00325
#597 of 2374 On the market for X5. Deals in TRI-state area
Jan 18, 2008 (11:43 am)
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
#598 of 2374 Re: On the market for X5. Deals in TRI-state area [beoperson]
Jan 18, 2008 (12:40 pm)
Keep looking for that 07. I came across a new 07 X5 4.8 in Dallas this week.
MSRP - 72,325
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.
#599 of 2374 Re: On the market for X5. Deals in TRI-state area [brentslu]
Jan 18, 2008 (3:43 pm)
Great deal Brentslu. Enjoy your ride. I went for an 07 as well. Love the car love the deal.
#600 of 2374 x5 lease numbers
Jan 19, 2008 (8:26 am)
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?
Jan 19, 2008 (2:48 pm)
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
#602 of 2374 Re: x5 lease numbers [voldermort]
Jan 22, 2008 (3:00 pm)
voldermort - The money factor and residual that you were quoted are accurate and represent a 36 month lease with 15,000 miles per year. BMW leases typically change on a month-to-month basis. Feel free to post a new thread to this forum or shoot me an email next month for some more insight. There are definitely deals to be had in the Tri-State area.