Last post on Dec 05, 2013 at 10:43 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
BMW X5, Car Leasing, SUV
#729 of 2374 Re: Please provide definitive lease info [asteinberg]
May 14, 2008 (2:19 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
#730 of 2374 BMW PULL AHEAD Program
May 14, 2008 (10:45 am)
Anybody knows when we should expect new lease pull ahead program?
#731 of 2374 Question for a new Lease
May 21, 2008 (8:25 am)
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 2374 Re: Question for a new Lease [mets86]
May 21, 2008 (9:39 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 2374 June Money Factors and Residuals?
Jun 03, 2008 (7:54 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 2374 Re: June Money Factors and Residuals? [hachee2001]
Jun 04, 2008 (3:16 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.
Prices Paid: Buying & Leasing Experiences Forum
#735 of 2374 Re: June Money Factors and Residuals? [hachee2001]
Jun 04, 2008 (12:27 pm)
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 2374 Re: June Money Factors and Residuals? [Car_man]
Jun 06, 2008 (10:08 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
Selling Price $47,390
Total Cap Cost $ 49,161.07
Total Upfront $2,100.75
LRF of .00215
Monthly payment of 755.81
I was quoted a PP dealer credit of $2,505
Jun 11, 2008 (9:14 am)
I'm just checking out the X5 so I have no specific vehcile in sight but I don't see any recent postings about 24 months so here goes.
2008 X5 3.0i
24 Month Lease at 10k/yr.
Returning BMW FS customer
Also, on my current lease I paid the entire lease up front and never really got a sense of how much that saved me (if any). With BMW, what are the advantages (cost) of paying up front?
#738 of 2374 Re: X5 lease [postermike]
Jun 11, 2008 (9:59 am)
what are the advantages (cost) of paying up front?
It would seem that you are entitled to a refund of the interest you would have paid had you elected to make all the payments on time. Anyone know for sure?
SUVs and Smart Shopper