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BMW X5 Lease Questions

750 messages,  Last post on Jul 03, 2008 at 12:05 PM

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What is this discussion about? BMW X5, Car Leasing, SUV

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#685 of 750 Re: 2005/2008 X5 numbers Thank You! [rezf] [nj_bmw_byer] [rezf] [nj_bmw_bye [rezf] by mannydom Mar 30, 2008 (7:24 pm)
Replying to: rezf (Mar 29, 2008 6:55 pm) rezf...Thank you from me too. I've been following this thread closely for fear that I 'd be taken to the cleaners, too. Msg# 682 assured me that my thinking process in leasing is going the right way...i.e. negotiate first as close as you can from invoice price and once price has been agreed on only then talk about leasing issues.   Again regarding Msg# 682, what is included in upfront fees? Also you mentioned in Msg# 652 that the March money factor is/was 0.0021. What happened? Why is it now 0.0025? Will this be different for April? What about residual% for April?   Sorry for the questions, everyone. Thanks in advance. Good luck to all of us as we try to get the best deals. Replies to this message: rezf (Mar 30, 2008 7:44 pm)
#686 of 750 Re: 2005/2008 X5 numbers Thank You! [rezf] [nj_bmw_byer] [rezf] [nj_bmw_bye by rezf Mar 30, 2008 (7:44 pm)
Replying to: mannydom (Mar 30, 2008 7:24 pm) manydom That was my type mistake re money factor. For march it is 0.0021 not 0.0025. The rate for Feb was 0.0025 . Residuals do not typically change from BMWFS (they are already inflated to make leases more attractive). The factors that likely change from month to month are the money factor and any incentives/cashbacks towards a new vehicle. Note, this is model specific and only given if they want to move a particular line more rapidly to deplete excess inventory. The other thing that changes from month to month is what's called "owner loyalty program." For this, they allow existing BMWFS customers (ones that have financed/leased) or ones whose contracts had ended in the past 6 months a special incentive towards a new lease (which is some cash back and a lower money factor) As for April, I do not think the money factor fluctuates with the Fed rate as seemlesly as some think they do. If BMW wants to lease more cars, they will lower the rate, plain and simple. Spring is a VERY active and busy season for dealerships so I don't think so. However, if you want a bargain, you can count on August, as BMW wants to clear left-over 2008s before introducing the model year 2009 in September-October
#687 of 750 Re: BMW X5 Leasing [nj_bmw_byer] by Car_man HOST Apr 02, 2008 (3:38 am)
Replying to: nj_bmw_byer (Mar 27, 2008 7:57 am) Hi nj_bmw_byer. Manufacturers' lease programs vary significant from year to year, and even from month to month. BMW's current lease program for the X5 may not be as attractive as the one that was available when you leased yours several years ago. Or perhaps you are not being given as large a discount on your truck this time. The best way to make sure that you are getting the best possible deal on the new vehicle that you want to lease is to negotiate as low a selling price as possible on it. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The lower your X5's selling price is, the lower your monthly payment will be. As your salesperson how much they are charging you for your truck and make sure that you are being given enough of a discount.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#688 of 750 Re: 2008 X5 lease [topgun26] by Car_man HOST Apr 02, 2008 (3:59 am)
Replying to: topgun26 (Mar 28, 2008 1:14 pm) Hey topgun26. You never mentioned the selling price of the X5 that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment.   Let's work up a sample lease payment on this truck and see what we come up with. For now I will assume a $3,000 discount. According to my calculations, if you were to lease a 2008 BMW X5 3.0 that has an MSRP of $61,075 and a selling price of $58,075 through BMW Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $795. That's pretty close to the payment that you were quoted. This tells me that this is a pretty good deal.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#689 of 750 Re: 2008 X5 3.0 Lease for two novices [fishjill] by Car_man HOST Apr 02, 2008 (4:09 am)
Replying to: fishjill (Mar 28, 2008 1:30 pm) Greetings fishjill. I see that you are considering trading in your current vehicle when you lease your new one. There's nothing wrong with doing this, but you would be better off having the dealer cut you a check for any equity that you have in your trade rather than using the proceeds from it as a down payment for your lease. I always advise consumers not to make down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.   Even if you have leased a BMW in the past, if you are not a current BMW Financial Services' lessee you are not eligible for any owner loyalty specials and you would have to pay a security deposit on your new lease.   The best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the exact model that you want and then have the dealer calculate your monthly payment using its buy rate lease money factor. The selling price that you were quoted on the X5 that you are considering leasing isn't bad. It is tough to say exactly, but you are probably at around $1,500 over dealer invoice or so. If you are in an area that has a decent level of competition, you may want to consider comparison shopping with a couple of other dealers just to make sure that you are getting the best possible deal. Once you have found a selling price that you are happy with, have the dealer calculate your truck's monthly payment using BMW Financial Services' buy rate lease money factor of .00210.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#690 of 750 April Lease Numbers by beoperson Apr 02, 2008 (6:14 am)
Anyone can confirm that April numbers have not changed? Replies to this message: Car_man (Apr 03, 2008 3:26 am) rezf (Apr 03, 2008 6:12 am)
#691 of 750 2008 X5 Purchase prices by topgun26 Apr 02, 2008 (7:11 pm)
Curious what anyone thinks of these numbers: 2008 X5 3.0- msrp 62,070, invoice 57,015, offer of 58,500 2008 X5 4.8- msrp 69,670, invioce 63,195, offer 66,700 -this is to purchase the car, what do you guys think? thanx! Replies to this message: Car_man (Apr 03, 2008 3:30 am)
#692 of 750 Re: April Lease Numbers [beoperson] by Car_man HOST Apr 03, 2008 (3:26 am)
Replying to: beoperson (Apr 02, 2008 6:14 am) Hi beoperson. BMW's March lease program was scheduled to run through April 30th, so its numbers for the X5 should be the same. However, I plan on making a few calls today to confirm that this actually the case.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: rezf (Apr 03, 2008 6:12 am)
#693 of 750 Re: 2008 X5 Purchase prices [topgun26] by Car_man HOST Apr 03, 2008 (3:30 am)
Replying to: topgun26 (Apr 02, 2008 7:11 pm) Hey topgun26. Obviously the 3.0 price is better than the 4.8 price. I guess that there is a much bigger supply of the 3.0. That's the only explanation for the large difference in the amount over invoice that you are being asked to pay. I am not intimately familiar with what the market is like for the X5 right now, but there's enough room here that if you are in an area that has a decent level of competition it wouldn't hurt to try comparison shopping a little bit. Make sure to stop by the "BMW X5 Prices Paid and Buying Experience" discussion for additional feedback.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#694 of 750 Re: April Lease Numbers [Car_man] by rezf Apr 03, 2008 (6:12 am)
Replying to: Car_man (Apr 03, 2008 3:26 am) April lease numbers are the same as March

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