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BMW X5 Lease Questions

1116 messages,  Last post on Dec 04, 2009 at 10:39 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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#727 of 1116
I just got May numbers.... by hachee2001
May 07, 2008 (5:58 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 1116
Re: money factor and residual for April 2008 [mannydom] by Car_man HOST
May 14, 2008 (2:13 am)
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Replying to: mannydom (May 02, 2008 3:33 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
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Prices Paid: Buying & Leasing Experiences Forum
#729 of 1116
Re: Please provide definitive lease info [asteinberg] by Car_man HOST
May 14, 2008 (2:19 am)
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Replying to: asteinberg (May 06, 2008 10:18 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
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Prices Paid: Buying & Leasing Experiences Forum
#730 of 1116
BMW PULL AHEAD Program by massuda85255
May 14, 2008 (10:45 am)
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HI,
Anybody knows when we should expect new lease pull ahead program?
 
Thanks
#731 of 1116
Question for a new Lease by mets86
May 21, 2008 (8:25 am)
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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.
#732 of 1116
Re: Question for a new Lease [mets86] by rrusso1
May 21, 2008 (9:39 am)
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Replying to: mets86 (May 21, 2008 8:25 am)

The tire option could be something to think about. Since the X5 has run flats the cost of replacing a tire can be very expensive. I took the tire policy on my 2008 X5 because I was told it not only covered the tires but also the rims. Considering the high cost of the rims and the high cost of the tires if you have to replace one of each during your lease it would probably pay for itself. Check to see if the policy also covers the rims.
I had the excess wear and tear on my last X5 and collected $400 for damages to the car. My policy had no deductible and was extremely easy to collect on. Once BMW inspected the car and assessed my security deposit for the damage I sent the paperwork to the insurance company and they reimbursed me with no questions asked. I hope this helps you.
#733 of 1116
June Money Factors and Residuals? by hachee2001
Jun 03, 2008 (7:54 am)
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Replying to: rrusso1 (May 21, 2008 9:39 am)

Does anyone know these yet?
 
I'm looking for the numbers for an X5 3.0, 36 months, 10K/year. (NY area, if that matters.)
 
Any other specials such as the premium credit? Seems like this was added after the beginning of the month last month (and in April).
#734 of 1116
Re: June Money Factors and Residuals? [hachee2001] by Car_man HOST
Jun 04, 2008 (3:16 am)
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Replying to: hachee2001 (Jun 03, 2008 7:54 am)

I sure do, hachee2001. BMW Financial Services' new June buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW X5 3.0 with 10,000 miles per year are .00240 and 56%, respectively. The $1,595 dealer credit for a free Premium Package is still available on this truck.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#735 of 1116
Re: June Money Factors and Residuals? [hachee2001] by pt838
Jun 04, 2008 (12:27 pm)
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Replying to: hachee2001 (Jun 03, 2008 7:54 am)

Yes, hachee2001, those are the numbers. I also in the NY area and just leased an 08 X5% 3.0, 36 months, 12K/year and got a pretty good deal. Go for it!
#736 of 1116
Re: June Money Factors and Residuals? [Car_man] by ckm1515
Jun 06, 2008 (10:08 am)
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Replying to: Car_man (Jun 04, 2008 3:16 am)

2008 X5 3.0
Alpine White/Tobacco/Dark Bamboo
Premium Package/Rear Climate/Heated Front Seats/IPOD/Park Distance/Running Boards
36 Month/15K lease
 
MSRP $52,675
Selling Price $47,390
Taxes $1,771.01
Total Cap Cost $ 49,161.07
Total Upfront $2,100.75
Residual 53%
LRF of .00215
 
Monthly payment of 755.81
 
Any thoughts?
 
I was quoted a PP dealer credit of $2,505

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