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Prices Paid: Buying & Leasing Experiences 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
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HI, Anybody knows when we should expect new lease pull ahead program? Thanks |
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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.
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Replying to: mets86 (May 21, 2008 8:25 am) 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. |
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Replying to: rrusso1 (May 21, 2008 9:39 am) 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).
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Replying to: hachee2001 (Jun 03, 2008 7:54 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: hachee2001 (Jun 03, 2008 7:54 am) |
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Replying to: Car_man (Jun 04, 2008 3:16 am) 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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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 Money Factor? Residual? 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? Thanks,
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Replying to: postermike (Jun 11, 2008 9:14 am) 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? tidester, host SUVs and Smart Shopper
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Replying to: tidester (Jun 11, 2008 9:59 am) Example: Assume standard lease rate is .0028, and no subvented rates are available. The prepaid lease is figured with a discounted rate of .0020, just as if you were making the payments monthly.. then, the total of payments is added to get the pre-paid amount.... On a typical 36 month X5 lease, this might save you around $2000-$2500 in finance charges... However, the X5 usually has a somewhat subvented lease rate... so, the savings would probably be lower than that, in a real-world example. For example.. right now the X5 has a MF of .0024, while the standard BMWFS rate is .00263.. The rate for a pre-paid lease would be .00183.. Making the savings about 2/3 of the generic example above... regards, kyfdx Host-Prices Paid Forums |
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