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Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions
1117 messages, Last post on Dec 06, 2009 at 9:09 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: kyfdx (Jun 11, 2008 10:25 am) tidester, host SUVs and Smart Shopper |
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Replying to: kyfdx (Jun 11, 2008 10:25 am) Any numbers (residual % and mf) for a 2 year lease on a 3.0 in Atlanta, GA?
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Replying to: postermike (Jun 12, 2008 6:42 am) 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
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Replying to: kyfdx (Jun 12, 2008 7:13 am) |
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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.
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Replying to: innajl (Jun 13, 2008 3:39 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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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 |
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Replying to: lamark72 (Jun 30, 2008 10:38 pm) I believe the resid on a 36M/12K lease was 55% as of June 08
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My first post here. I have been thinking about a loaded X5 3.0 for the last two days after a wonderful test-drive on Monday night. Car will have to be built to order: Premium, Tech, Cold Weather, Rear Climate, 3rd Row Seat, Rear Entertainment, Auto Tailgate, iPod/USB Connection, Running Boards, Comfort Access. Color is Monaco/Sand/Walnut. The MSRP is $59875, and I am trying to get to $56025 which is $1000 over invoice. Today two different dealers confirmed that the Premium Package Option Credit is still available until September 2nd. The only change to this incentive is that now you actually have to have Premium Package on your X5 - last month the dealer got the credit even if the car didn't have the package. Value of Option Credit is still $2505, which means my target price is really $1500 below invoice. Money factor for July and August is 0.0024 if you are not an existing BMWFS customer (I am coming from a Lexus GX470). Residual for 15k miles per year for 36 months stays at 53%. The first of 7 dealerships I phoned today offered me $825 + tax per month with no cap cost reduction and for 36 month/15k miles (up front cost of $2600 or so including Security Deposit and first months payment). A little haggling and another $5 came off plus floor mats and possibly a cargo mat thrown in. So at $820 per month (plus PA taxes of 9%) I think I have a good deal which is quite close to invoice before the Option Credit kicks in - other dealers have not been able to match it so far, and some sounded shocked (acting?). Unless anyone here has any misgivings on the deal I am placing my order next week for late August delivery. Please let me know your thoughts... |
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