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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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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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Does anyone have the July lease numbers from BMW FS? I am interested in 36mo/15k for returning customer. I assume that the PP credit is still in play. I was hoping that we would see something a bit more aggressive considering the June sales numbers. Thanks in advance. James
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Replying to: jamesg (Jul 03, 2008 8:41 am) MF is .00240 less .0004 if you qualify for the owner loyalty program Premium package credit of about $2,500 (at invoice) is also still in play. These rates are in effect through 9/2. |
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Replying to: ckm1515 (Jul 01, 2008 6:57 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jul 07, 2008 1:10 am) |
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Replying to: Car_man (Jul 07, 2008 1:10 am) |
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I was just quoted the following is Seattle. This is an initial offer, no negotiating. Please tell me if this is fair or if I should be asking for more, and if so, how much more? "Provided rates and owner loyalty stays the same as this month current programs. I can order you a 2008 X5 3.0i with running boards, hd radio, ipod usb adapter, cold weather package, premium package, rear climate package, premium sound. I am calculating MSRP of $54,575. Selling you the car for a $1,000 over invoice at $51,635. With $2,000 out of pocket your payment would be $726.24 a month including tax. This is a 36 month lease for 12k p/a mileage. Owner loyalty money factor of .00080." Thanks for any advice. Rob
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One thing I noticed right off the bat is his MSRP is wrong vs. the website. I forgot to tell him I wanted heated front seats ($500). Even with those the web is calculating an MSRP of $54,175. A couple other questions. Do the ventilated seats work well. I have always wanted those. But for $2100 seems high. I realize it's an active seat as well which I really don't care about. Also, I asked what my out of pocket would be to keep my monthly at $600 inc. tax. His quick response was each $1000 out of pocket is about $20 per month off the payment. Does it make sense it's only $20 off? Thanks |
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