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
#693 of 2262 Re: 2008 X5 Purchase prices [topgun26]
by Car_man HOST
Apr 03, 2008 (3:30 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
#694 of 2262 Re: April Lease Numbers [Car_man]
Apr 03, 2008 (6:12 am)
April lease numbers are the same as March
#695 of 2262 2008 X5 5Lease quote
Apr 03, 2008 (11:04 am)
I'm new to the discussion board and had a few questions regarding a new lease quote for a 2008 X5 3.0 that I received from dealer (I'll be turning in my 2005 X5 in May).
MSRP (including all options) = $58,125
Residual value 61%
Lease end vlaue = $35,456.25
Term = 36 mos
Money Factor = .0021
Sales Tax = $2,586.68
Initial Cap Cost = $56,250
Adjusted Cap Cost $58,784.34
Amount due at sigining = $1,590.75
Monthly payment = $845.91
Is this a good lease deal? I'm in the NYC Metro area. How do I determine what the actual sale price of the car is? Also, how much over invoice should I be negotiatiing for?? Any help would greatly appreciated !!
#696 of 2262 Re: 2008 X5 5Lease quote [mets86]
Apr 03, 2008 (11:22 am)
I'm in NYC metro area too, and I've got the same question about how much over invoice I should expect. They should tell you the selling price, which I believe should be the cap cost you said was $56,250, but what's the "adjusted cap cost"?
I just priced an X5 - the first price I got was $2,000 off list, which is about $2,300 over invoice. I hope I can do better than this.
BTW, I got the same 61% residual, .0021 MF, 36 mo, 10K/year.
#697 of 2262 Re: 2008 X5 5Lease quote [hachee2001]
Apr 03, 2008 (11:29 am)
Adjusted cap cost is $58,784.34
#698 of 2262 Re: 2008 X5 5Lease quote [hachee2001]
Apr 03, 2008 (11:57 am)
I had an offer in DIFEO BMW
Sale Price 51, 725
But this was on March 31
#699 of 2262 compared to a Q7....
Apr 03, 2008 (12:53 pm)
I'm considering this against a Q7, and just got a quote. The MF on the Audi is super low - .00006, but the residual sucks - 53%. And my first quote was about $1900 off sticker of $54000, which I didn't think was so great. Price, with tax, comes in at $723/month, with about $1500 out of pocket including the first month.
The X5 as described above, comes in at around $750/month.
I'd like to know what I can realistically pay over invoice or below sticker (for either car).
#700 of 2262 Re: 2008 X5 5Lease quote [mets86]
Apr 03, 2008 (7:03 pm)
Your numbers add up fine, but I don't think it is much of a deal. If you were to get the negotiating price to $1000 above invoice which would be $54475 (which is a no brainer in this market) then you can expect the same lease payment to drop to $792 a month
#701 of 2262 Re: compared to a Q7.... [hachee2001]
Apr 03, 2008 (7:08 pm)
residual value has a more profound effect on your lease payment than the money factor. Audi was in the business of hyper-inflating their residuals a few years back in order to make leases more attractive and ultimately improve sales. Those leases have started to mature in the past two years and Audi Financial is hurting as a result. They have stopped that practice now (some say the current residuals set by Audi are set below the market price so when these newer leases mature and customers turn them in, Audi Financial can recover some of the earlier losses) That is why dollar for dollar Audis are not leasing as well as they did 4-5 years ago. The only thing they can do now is provide a very low money factor, which helps...just not that much
#702 of 2262 Re: compared to a Q7.... [rezf]
Apr 04, 2008 (6:11 am)
Thanks, Rezf, I understand all that - I'm currently on my third Audi leases, and they've all been great deals, and I knew it couldn't continue. But my question is, what's a realistic amount over invoice that I can expect to be the cap cost? I thought I'd do better in this market, but I actually really prefer to get the car from my local dealer (not that they've been all that great to deal with and the service is less than perfect, but they're more convenient, and I'd like the option of a loaner car when servicing).