Last post on Dec 02, 2013 at 3:38 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, Car Leasing, SUV
#638 of 2372 Re: Need X5 Information [a8175]
Feb 14, 2008 (3:24 am)
Welcome a8175. The selling price that you were quoted looks reasonable to me, especially given the fact that you ordered your X5 rather than just taking one that the dealer had in inventory.
BMW's lease program for the 2008 X5 is definitely better today than it was back in February. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of an '08 X5 3.0 with 12,000 miles per year are .00255 and 58%, respectively for returning BMW FS lessees or new customers who pay a security deposit at lease signing. Make sure that the dealer that you are working with uses this new money factor to calculate your monthly payment.
Prices Paid: Buying & Leasing Experiences Forum
#639 of 2372 Re: Need X5 Information [baller2011]
Feb 14, 2008 (3:34 am)
Hey baller2011. The X5 that you are interested in probably has a spread of around $4,000 between its full MSRP and its dealer invoice price. The $2,300 discount that you were quoted is probably equivalent to around $1,600 over invoice. That isn't too bad, but there is enough room there that it wouldn't hurt to comparison shop a little more if you are in an area that has a decent level of competition. Have you tried stopping 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, make sure that the dealer that gives it to you uses BMW Financial Services' current buy rate lease money factor of .00255 to calculate your monthly payment.
Prices Paid: Buying & Leasing Experiences Forum
#640 of 2372 Cash (BMW) incentive on X5's till end of February
Feb 16, 2008 (7:07 pm)
FYI, BMW has cash incentive on X5's till end of February on GROUND units only. Must be financed or leased through BMWFS. Have been told this is $2,500.
#641 of 2372 Re: Cash (BMW) incentive on X5's till end of February [ilovedogs]
Feb 18, 2008 (2:28 pm)
Thanks for that great info of $2500 for ground units...I'm looking for 2008 X5 3.0...and asked a dealer to give money factor .00255....below is his response....
"the only way you would get the 00255 money fact is if you're currently in a BMW LEASE or Financial Contract or with 15% at signing.If not within those guideline's Money Factor .00310"
Is that true.....
Thanks in Advance.
#642 of 2372 Re: Need X5 Information [eights38]
Feb 18, 2008 (2:34 pm)
Got a quick question..
36 Month – Residual 58% of MSRP – .00255 Base Rate
Is this for New customers also....The dealer is saying this is only for current BMW customer....Is that true. ???
Thanks In Advance
#643 of 2372 Re: Need X5 Information [houston777]
Feb 18, 2008 (8:18 pm)
houston777 - That was the lease program at the beginning of the month. I recently heard about the $2,500 incentive, but have not confirmed it with any dealers. If BMW released an interim incentive, they could have altered the money factor and increased the incentive. Let me confirm with a friend tomorrow. If I don't get back to you, please feel free to email me.
#644 of 2372 Re: Cash (BMW) incentive on X5's till end of February [houston777]
Feb 22, 2008 (2:37 am)
Dealer is FOS.
#645 of 2372 Re: Cash (BMW) incentive on X5's till end of February [ocautoseeker]
Feb 22, 2008 (6:13 am)
I got My X5 3.0 Yesterday.
Lease 36 month 15 K
Color Ext : Silver
Interior : Black
Rear Climate Pkg
Money factor .00295
I got $1500 over Invoice And also I got $2500 BMW Incentive.
What dealer told me is to get $2500 BMW Incentive the car should be delivered to dealership before Feb 15th.
This forum was great ....i got lot of info I needed for this purchase ..Thank you guys
#646 of 2372 please help.
Feb 22, 2008 (5:48 am)
I was looking into leasing a X5 3.0si , I was going to put down the tax and fees. I want the space gray, navigation, premium, cold weather and was going to ask what everyones thoughts were on the sport package. I was hoping to get the 36mos lease for around 700.00.month I am coming out of a BMW lease already. Does this price seem like it could happen? any insight would be greatly appreciated. The one dealer i spoke with said to wait till march that there may be a incentive deal....not sure. Thank you in advance. Jim
#647 of 2372 just leased an X5 yesterday, pick it up next thurs.
Feb 24, 2008 (8:08 am)
This blog has helped me in making my final decisions on a 2008 X5si so i wanted to share my experience. I live on Long Island NY.. leased a 2008 X5si. yesterday. premium, sport, technology package, rear climate, running boards. 12K miles a year. 36mos. When i first spoke to the salesman I explained i was just looking and it would take a real good deal to make me sign. His first monthly price with taxes title and acquisition was 769.00. I told him it was too high and started to leave, he said wait and came back with a price of 744.00. after I told him I still wanted to think about it I. actually left and he came out to the parking lot to get me and said he would give it to me for 725.00. I agreed and now take delivery thursday. I thought it was a great deal with the options. Some stipulations were: I am a previous bmw owner(owner loyalty) which only waives the 500 security deposit. BMW is also running a deal till the end of this month on in stock X5's with a reduction of 2,500. I couldn't have gotten this deal if i ordered one. ( i tried after the fact and he said he couldn't) I am about 4,100 out of pocket including the first payment. Hope this helps. any questions JEGJR74aol.com Jim