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BMW X5 Lease Questions

776 messages,  Last post on Jul 16, 2008 at 8:02 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#722 of 776
Re: money factor and residual for April 2008 [mannydom] by Car_man HOST
May 02, 2008 (3:20 am)
Reply

Replying to: mannydom (Apr 12, 2008 4:09 pm)

HI mannydom. The selling price that you were quoted for the X5 that you are interested in, $1,250 over invoice, sounds reasonable to me, but you're right...the money factor is a little high. As you have read, BMW Financial Services' current buy rate lease money factor for the 2008 X5 3.0si is .00210 for returning BMW FS lessees. The dealer is trying to make a little extra back-end money on your deal by marking up your money factor. Make sure that the dealer uses this factor to calculate your monthly payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#723 of 776
Re: money factor and residual for April 2008 [Car_man] by mannydom
May 02, 2008 (4:33 pm)
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Replying to: Car_man (May 02, 2008 3:20 am)

Thanks Car_man. If he stands his ground and insists on .00250 MF, do I have any other option besides accepting the deal or walking away?
#724 of 776
Please provide definitive lease info by asteinberg
May 06, 2008 (11:18 pm)
Reply
What are May/2008 MF and residuals for BMW X5 3.0 and 4.8
for 12,000 miles, 15,000 miles.
(I have BMW 535i with BMW FS.)
Also, how would multiple deposits reduce MF?
Finally, what is reasonable amount above invoice?
(BMW 535I recent lease was invoice +$800.)
Given BMW high MFs for X5, any suggestions on other SUVs to review with better leases?
#725 of 776
experience by asteinberg
May 06, 2008 (11:19 pm)
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Anyone any ideas on getting lowest price for X5?
Not sure why they aren't cheaper, given economy and poor mileage...
Does 3.0 have enough pickup?
#726 of 776
Re: X 5 Lease experience Update [doctorleo] by asteinberg
May 06, 2008 (11:25 pm)
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Replying to: doctorleo (Apr 24, 2008 3:38 pm)

My wife is considering BMW X5.
I have BMW 535i and have mixed feelings, but I did get reasonable deal.
I'm also in Los Angeles. Would you be kind enough to advise what kind of deals you are being offered on X5?
Thank you so much for your help.
#727 of 776
I just got May numbers.... by hachee2001
May 07, 2008 (6:58 am)
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I'm in NY. I should have pulled the trigger in April, because May numbers are awful:
On a 36mo/10K lease, the residual went from 61% to 56%. The MF went from .0021 to .0025. This alone raises the price at least $100/mo (I didn't get a firm number, since I was in shock). I don't know what a reasonable price over invoice or discount off list is right now, but obviously BMW isn't that anxious to move these cars.
#728 of 776
Re: money factor and residual for April 2008 [mannydom] by Car_man HOST
May 14, 2008 (3:13 am)
Reply

Replying to: mannydom (May 02, 2008 4:33 pm)

You're welcome, mannydom. If the dealer that you are working with insists upon marking up your vehicle's money factor there isn't much that you can do to get them not to other than threatening to or actually going to a competing dealer.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#729 of 776
Re: Please provide definitive lease info [asteinberg] by Car_man HOST
May 14, 2008 (3:19 am)
Reply

Replying to: asteinberg (May 06, 2008 11:18 pm)

Hi asteinberg. BMW Financial Services' May buy rate lease money factor for a 36 month lease of a 2008 BMW X5 3.0 with 15,000 miles per year are .00250 and 53%, respectively. the numbers for an otherwise identical lease of an '08 X5 4.8 are .00225 and 55%. If you were to lease with only 12,000 miles per year, these trucks' residual values will be 2% higher.
 
As far as multiple security deposits go, each additional deposit that you make after the first (unless it is waived because you are a returning BMW FS lessee) will reduce these trucks' money factors by .00007. You can make up to a maximum of seven additional deposits for a total money factor reduction of .00049.
 
I am not personally all that familiar with what the market is like for the X5 right now, but you may be able to get a good idea of how much you will have to pay for one by visiting the "BMW X5 Prices Paid and Buying Experience" discussion.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#730 of 776
BMW PULL AHEAD Program by massuda85255
May 14, 2008 (11:45 am)
Reply
HI,
Anybody knows when we should expect new lease pull ahead program?
 
Thanks
#731 of 776
Question for a new Lease by mets86
May 21, 2008 (9:25 am)
Reply
I'm picking up my new leased '08 X5 later today. This is my 2nd consecutive X5 lease. I just got a phone call from the dealership and they're trying to sell me two new features that according to them, were not available when I leased my 2003 X5. The first is for excess wear and tear at the end of the lease. It acts like a "mini" insurance plan for damage to the car at the end of the lease. I pay $600 up front and it covers me for up to $2,500 costs for excess wear and tear. It also has a $100 deductible.
The second is for the tires. I $589 up front, it covers me if I have to replace a damaged tire at anytime during the lease for damage (pothole, nail, etc). It covers any amount of tires that would need to be replaced. Does anyone know of these options? Are they worth buying or are they another way to get ripped off? Any input would be great. Thanks.

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