2260 messages,
Last post on May 18, 2013 at 1:32 PM
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BMW X5, Car Leasing, SUV
Jun 11, 2008 (10:14 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
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,
#738 of 2260 Re: X5 lease [postermike]
by tidester
Jun 11, 2008 (10:59 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?
tidester, host
SUVs and Smart Shopper
#739 of 2260 Re: X5 lease [tidester]
by kyfdx HOST
Jun 11, 2008 (11:25 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...
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
#740 of 2260 Re: X5 lease [kyfdx]
by tidester
Jun 11, 2008 (7:48 pm)
Thank you! That's very helpful.
tidester, host
SUVs and Smart Shopper
#741 of 2260 Re: X5 lease [kyfdx]
by postermike
Jun 12, 2008 (7:42 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?
#742 of 2260 Re: X5 lease [postermike]
by kyfdx HOST
Jun 12, 2008 (8:13 am)
.0024 and 63% for 15K/yr.. 24 month
Add 2% for 12K
Add 3% for 10K
There may be some dealer incentives or lower MFs for returning BMWFS customers, but I'm not certain what those might be...
regards,
kyfdx
#743 of 2260 Re: X5 lease [kyfdx]
by ckm1515
Jun 13, 2008 (12:04 pm)
.00025 MF reduction for returning customers which equates to .00215. I should know, that is what I got.
#744 of 2260 Advice: 2 vs 3 year lease
by innajl
Jun 13, 2008 (4:39 pm)
I need an advice on 2 vs 3 years lease. I was leaning toward 3 years but then someone brought up the fact that I might have to replace tires. On the other hand the lease price will go up in 2 years, and having it for 3 years would let me pay less for one extra year.
So what do people think ? It seems like 3 years is the most popular option for this forum members.
#745 of 2260 Re: Advice: 2 vs 3 year lease [innajl]
by Car_man HOST
Jun 23, 2008 (2:26 am)
Hi innajl. I personally almost always go with 36 month leases instead of 24 month leases, unless the manufacturer has some sort of special promotion that makes the 2 year lease more attractive...which BMW does not right now. Your monthly payment will be much more attractive on a 3 year lease of this truck. As far as the tires go, just make sure to have them rotated on a regular basis and there's a good chance that you won't have to replace them, provided your mileage is not outrageous.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#746 of 2260 X5 lease deal
by lamark72
Jun 30, 2008 (11:38 pm)
Does anyone know if the "option credit" for the premium package is still available?
What's the money factor and residual value for 36M/12K lease on X5?
Thanks