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Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions
1118 messages, Last post on Dec 07, 2009 at 11:03 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: rdxer (Jul 16, 2008 5:17 am)
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Replying to: rob34 (Jul 16, 2008 1:54 pm) |
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I have an offer for a 2008 X5, 4.8si, 36000 miles or 36 months. Options: Premium, Tech, Sports, Rear Climate, Cold weather, Third row, ipod, Sirius, running board (MSRP 67520). Total out of pocket (including taxes): 4100 Monthly payment: 754.50 Regardless of the price, Money factor or residual, Is this a good deal? Thank you. |
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Replying to: bizzie (Jul 31, 2008 8:01 pm)
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Replying to: rob34 (Jul 31, 2008 9:00 pm) I had to work it a little by getting 5-6 quotes. I didnt discuss money factor or cap cost or delar incentives with them, just the monthly payment. |
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Long time reader, first time poster here... I've been reading a lot and learning as much as I can about leasing a BMW. I'm a current owner and have always purchased up till now but somehow my head is telling me that now is a good time to lease an SUV/SAV. With that in mind, I'd appreciate any comments/advise on the deal I have worked with my CA....its not a done deal yet but whats below is the latest I have. Therefore I'll start off with a question on the August MF. Is the August MF on the 3.0 X 5 with a a 36 mth lease still .002? If thats the case, then call the police, I think I'm getting robbed! Consider the following quote from my CA 08 X5 36 mth term with 15 K Miles/year MSRP of $57,270 (included prem pack) Sale Price Agreed $51,290 (he's not forthcoming with the factory to dealer premium pack rebate, do you think this is included here?) Residual 53% ( this looks correct) Money Factor .00215 (WTF?, I initially though this would be .0016 with the owner loyalty disco, but then he re quoted with .00215 after I told him I'm an owner but not a current BMW FS customer) Zero Down and no trade in ( no cap cost reduction to keep things simple! I'll negotiate that with him later) Monthy Payment of $758/mth Plus 9% PA lease sales tax bringing the total monthly to $827/mth. Some thing tells me this isn't right and that i can do much better.....your thoughts and comments/advise are appreciated. Mister Mayor
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Replying to: mistermayor (Aug 21, 2008 7:34 am) I am having the same situation here, I know how you feel. I am driving a 2006 X5 4.4 fully loaded is almost up. Still 2 more months to go. I've been paying $710 per month includes nyc 8.375% sales tax. That was 3 years ago, the money factor was 0.00075 51% residual 15k per year. Alway remember, try not to put a lot of money up front. Only pay the 1st month and bank fee if they have to charge for. There was no bank fee when I picked up my x5 4.4 3 years ago. but they do now. Never understood ? Here's the details for August 2008 2008 BMW X5 3.0 or 4.8 15K/ Year, 36Month Lease, The money factor is 0.00135, Residual Value for 15k is 55% NOT 53%. It sounds strange, but this is true. Even the sales quote you a $758 includes sales tax, I think this is still too much. I am not going to pay more than $710 per month not even with x5 3.0 I am hoping to see a 0.00075 money factor in September. Good luck to you Mr. Mayor SUV Man
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Replying to: suv800 (Aug 21, 2008 5:10 pm) This may be the case for you as a current BMWFS customer....given to you because you have an existing lease. I'm not getting that rate because I'm not a current BMWFS customer but even so, I should get the .002 MF! But the .00215 I'm being quoted is too hight I think, perhaps the dealer is marking this up in anticipation of having to lower the sale price to closer or below invoice? On the residual for August I thought it was set at 53 for the 3.0. Perhaps Car man can clarify the MF and residual for August? I'm going to be patient...and wait till the current offers expire....and see what they come up with for September...would be great if the MF dropped to .00075 but that is unlikely.
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Replying to: mistermayor (Aug 21, 2008 8:13 pm) Sounds like the case here... though your dealer should have pointed that out..
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Replying to: kyfdx (Aug 22, 2008 2:42 am)
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