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
#610 of 2262 Re: X5 lease numbers [voldermort]
Jan 27, 2008 (1:34 pm)
Do you live in NJ or NY? I'm not sure how it works if you live in NJ and purchase in NY State, but you may have the option to either pay the tax as part of the monthly payment or pay it all up front. For my last NJ-purchased lease, signed 34 months ago, I pay the taxes as part of the payment. For the car I just ordered last week, the taxes were due up front. Ask the dealer as to what the flexibility is and, if you buy from BMW of Manhattan, remind him if you are a NJ resident (residency may make a difference, not where you buy it...I'm not sure about this).
Up front, you will typically need to pay 1st month, bank fee, any type of acquisition fee, document fees, and any applicable taxes (as mentioned above).
I'm not sure what your deal was on your existing X5, but let me tell you that it will be incredibly difficult to get the payments into the mid 500's per month, even with an owner loyalty money factor, unless you drop a large cap cost reduction up front.
Speaking of owner loyalty, per your question, there is no Owner Loyalty available on the X5 this month. The last BMW OLP for the X5 expired on January 2. You would have had to put in a credit app before then and take deliver of the car within 90 days to secure the OLP money factor and other benefits.
Refer to the deal that I posted here: chrisjur, "BMW X5 Prices Paid and Buying Experience" #776, 22 Dec 2007 9:24 am
which is about average for what I got from most dealers in the NYC area last month. (I found a deal a tiny bit cheaper, but not enough to make me jump dealers)
#611 of 2262 Current X5 Lease
Jan 28, 2008 (9:46 pm)
$669 First months payment
• $2,850 Down payment
• $700 Security Deposit
• $4,219 Cash due at signing
includes Premium Package, Heated Seats and Destination
this is a lease special i found at the bmw website...is this a good deal? i'm in northern jersey....can dealers come down from this?
can i figure out what the money factor and residual value is for this deal?
#612 of 2262 Re: Current X5 Lease [frugalsc]
Jan 29, 2008 (8:21 am)
frugalsc - The following lease rates are based on top tier credit and 10,000 miles per year. You should be able to do better on an X5 lease in northern NJ. If you need some more help, please feel free to email me or reply.
2008 BMW X5 3.0si 4WD SUV
24 Month – Residual 71% of MSRP – .00270 Base Rate
36 Month – Residual 61% of MSRP – .00270 Base Rate
#613 of 2262 Re: Current X5 Lease [eights38]
Jan 29, 2008 (8:47 am)
it would be great if you can provide some help in getting a better deal....
my only reservation now is leg room on their 3rd row...i have two kids (3 yrs old & 4 months), so i need a third row...3 yrs old and 4 months...any input on leg room on their 3rd row is also much appreciated...
#614 of 2262 end of lease
Jan 30, 2008 (10:39 am)
I have 50 days left on my lease of a 2006 M3. The lease is paid up. I'm looking to lease a 2008 X5. Is there benefit or trade-in value to the old car? The dealer inspected it an put a trade-in value of $40K on it. How does that figure exactly in calculating the lease on the X5? This is my first lease to turn over.
#615 of 2262 Re: end of lease [jbwisch]
Jan 30, 2008 (5:07 pm)
jbwisch - What is the buy-out on your current M3? If the buy-out is lower than the $40k trade-in value, you are in the money and could receive some benefit on your new 2008 X5 lease. During the course of the past few months, BMW has enhanced the money factor on select models for returning BMW customers. In the past, the only benefit was the disposition fee of $350 was waived.
If you need more help, please feel free to email me or reply.
#616 of 2262 Re: end of lease [eights38]
Jan 30, 2008 (6:26 pm)
eights38: Sorry for my ignorance, but what exactly is the "buy out"? I don't owe anything on the lease. If that means the cost to purchase the car at the end of the lease, I'd have to check. The residual value was $42054. Thanks for your help.
#617 of 2262 Re: X5 lease numbers [chrisjur]
Jan 30, 2008 (8:41 pm)
You are right, and so now I am looking into the 328xi.
#618 of 2262 X5 4.8i-'07- Have to buy by tomorrow 2/1
Jan 31, 2008 (9:47 pm)
Can you please tell me if this is a good deal? It's the last '07 on the lot.
Includes: Premium Pkg, Premium Sound, Tech Pkg., Cold Weather, Rear Climate, Heated rear seats, sunshades, 3rd row, iPod adapter
Cap Cost (with dealer cap cost reduction) 58,644
36 mos. 45k miles
$857.55 including PA tax + lease tax (total 9%)
$900 security, no cap reduction of my own
Thank you for your advice.
#619 of 2262 Re: X5 Lease Question [brentslu]
Feb 01, 2008 (8:46 am)
Brentslu..Did you find any good deal in Hosuton....I'm in the same boat...Looking for X5 3.0 ....36 month lease.... 15k.....I live in Houston....Do you mind posting your findings.....Thanks