- #783 of 1116
-
Re: August MF and lease rate questions / and advice needed. [mistermayor]
by kyfdx HOST
-
Aug 22, 2008 (2:42 am)
-
|
|
Replying to: mistermayor (Aug 21, 2008 8:13 pm)
As a new customer, if you opt for the security deposit waiver, they raise the money factor by .00015.. So, .0020 would become .00215..
Sounds like the case here... though your dealer should have pointed that out..
|
- #784 of 1116
-
Re: August MF and lease rate questions / and advice needed. [kyfdx]
by mistermayor
-
Aug 22, 2008 (7:30 am)
-
|
|
Replying to: kyfdx (Aug 22, 2008 2:42 am)
yeah the dealer didn't mention that....and I never opted to waive the security deposit..seems like they are padding their wallets over the term of the lease..Isnt it true though that you can negotiate a better MF? and failing that, you can reduce it by applying multiple security deposits? (MSD's) but it still blows..that said, money factor aside, how do you rate the deal? Its an 08 sitting on his lot! Thanks
|
- #785 of 1116
-
4.8 under $800/mo??
by alvallejo
-
Aug 25, 2008 (6:21 pm)
-
|
|
Has anyone been quoted a X5 4.8 with Sport Package + 20" Y Spoke wheels + Cold Weather + Navigation + iPod Adapter + Running Boards (MSRP of about 64K)for under $800/mo? I got quoted over the phone $843/mo but that is without any negotiating.
|
- #786 of 1116
-
Re: 4.8 under $800/mo?? [alvallejo]
by mistermayor
-
Aug 25, 2008 (9:11 pm)
-
|
|
Replying to: alvallejo (Aug 25, 2008 6:21 pm)
I have not...but your details are sketchy...are u leasing or buying? what part of the country? what are the terms/lease/mf/residual/DP etc?
|
- #787 of 1116
-
Re: 4.8 under $800/mo?? [mistermayor]
by alvallejo
-
Aug 26, 2008 (5:46 pm)
-
|
|
Replying to: mistermayor (Aug 25, 2008 9:11 pm)
I was interested in Leasing for 36months 15K miles a year. The quote came from Westchester BMW in White Plains NY. You pose a good question about the MF/Down payment and Residual. I was quoted over the phone and failed to take that info down.
|
- #788 of 1116
-
Re: 4.8 under $800/mo?? [alvallejo]
by mistermayor
-
Aug 27, 2008 (7:31 pm)
-
|
|
Replying to: alvallejo (Aug 26, 2008 5:46 pm)
My advice....gets the msrp, sale price, residual and mf, then you can make a more informed decision.
|
- #789 of 1116
-
Re: August MF and lease rate questions / and advice needed. [mistermayor]
by Car_man HOST
-
Aug 28, 2008 (1:44 am)
-
|
|
Replying to: mistermayor (Aug 22, 2008 7:30 am)
Hi mistermayor. Dealers are not allowed to charge consumers a lower money factor on leases than the buy rates that banks publish. Having said this, dealers are usually allowed to mark up banks' buy rates to add additional, hidden profit to deals. BMW dealers are notorious for doing this.
BMW Financial Services' current buy rate lease money factor for the X5 3.0 is .00200 with the payment of a security deposit at lease signing. If you opt to have your truck's security deposit waived, it would raise this factor by .00015, unless you are a returning BMW FS lessee which makes you eligible for a free security deposit waiver. Loyal BMW FS customers are also being given a special .00040 money factor reduction on leases of the '08 X5 right now.
You also can reduce your truck's money factor by making additional security deposits. BMW FS will reduce your vehicle's factor by .00007 for each additional deposit you make, up to a maximum of seven.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
|
- #790 of 1116
-
Re: August MF and lease rate questions / and advice needed. [Car_man]
by eaw801
-
Aug 29, 2008 (6:37 pm)
-
|
|
Replying to: Car_man (Aug 28, 2008 1:44 am)
I am interested in leasing a 2008 X5 4.8. Currently the offers are roughly: Put $7800.00 down on an X5 with a 3rd Row, Sirius, Navigation, Sport package, and heated front seats. Monthly payments would then be $741 per month. Or put $5000.00 down and pay 830.00. 36 months/10,000 miles. I finally quoted the TMV price but beyond getting the dealers below the MSRP, I am at a loss about how to proceed. In addition, does ANYONE in this forum have a favorite option? Is the third row so totally useless that I would be better off with a Tech package. I have parked for decades without one in NYC....I can plug in the MP3 the old fashioned way and this is a lease. ( I plan to buy in 3 years when the gas issues are a bit more settled.) Meanwhile I want the best driving machine I can get with enough money left over to support (and spoil) my cramped children. ADVISE is welcome!
|
- #791 of 1116
-
Re: Is this a good deal? [bizzie]
by eaw801
-
Aug 29, 2008 (6:46 pm)
-
|
|
Replying to: bizzie (Jul 31, 2008 8:01 pm)
Hi, Much better than I am getting.
What dealership did you use? I have been looking in NYC, Southampton, NY, Tenafly (no quote), and Bayside Queens. If I put down 5K and pay $ 816 per month, I wil have Sirius, heated front seats, Navigation, 3rd row, and Sports package....So far.
|
- #792 of 1116
-
Re: Is this a good deal? [eaw801]
by socal59
-
Aug 29, 2008 (7:18 pm)
-
|
|
Replying to: eaw801 (Aug 29, 2008 6:46 pm)
Both you guys putting money down on a lease, if you scroll up the pages you'll soon find out that you should never put money down on a lease. If the vehicle is totaled or stolen you will loose your entire down payment. Plus the monthly payments you are getting are not much lower than putting zero down except for the first payment and assorted fees. I'm no expert in this but I do know that. I'm about to end my lease on my 2005 X5 as as I recall my first payment was like $1700 including deposit, last payment and a few fees. I had a 39 month lease 59% residual money factor was pretty low, 15K miles per year $532 month. Now I'll have to probably add at least $200 to that payment for equal car. I know residuals have gone down to 53% now. BMW doesn't want to eat it at the end of the lease like they will with mine.
|
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 
