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BMW X5, Car Leasing, SUV
#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.
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#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
#739 of 2374 Re: X5 lease [tidester]
by kyfdx@Edmunds HOST
Jun 11, 2008 (10:25 am)
Generally, BMWFS pre-paid leases get a .0008 reduction in the money factor vs. a normal lease.. However, that deduction is only from the standard lease rate.. If the rates are subvented, then the reduction may be smaller or none at all...
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...
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#740 of 2374 Re: X5 lease [kyfdx]
Jun 11, 2008 (6:48 pm)
Thank you! That's very helpful.
SUVs and Smart Shopper
#741 of 2374 Re: X5 lease [kyfdx]
Jun 12, 2008 (6:42 am)
Thanks. Since I always do 2 year leases, I'm sure it would be a bit less. However the savings would be much more than I'm making in interest from the bank and, even in investments these days.
Any numbers (residual % and mf) for a 2 year lease on a 3.0 in Atlanta, GA?