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BMW X5, Car Leasing, SUV
#815 of 2374 BMW X5 lease question
Oct 14, 2008 (11:41 am)
Considering a 2008 X5 with the following, is this a good deal?
Premium package, cold weather package, rear climate package, and iPod adapter…. msrp $52,075
With a CAP cost of $48,575 the lease would be $651.96** plus $32,59 tax… $684.56 per month.
Residual $29,162.00 money factor is .00145
Up front costs:…………..1st month $ 684.56
Refundable sec deposit…….700.00** **Requires BMWFS approval to waive**
Bank acquisition fee…..……925.00
TOTAL UP FRONT……….. $2,734.81
#816 of 2374 Re: BMW X5 lease question [mehra1]
Oct 14, 2008 (7:18 pm)
I think you can do better as I was offered this lease yesterday.
2008 X5 3.0, Premium, Navigation, Ipod
Selling Price. $45695
$2500-Total Drive Off
$564 + tax (8.25%) = $610.53
#817 of 2374 Re: BMW X5 lease question [byum]
Oct 18, 2008 (4:48 pm)
thx byum. couple of questions - what state do you live in, and can you break down the $2500 drive off? i am considering an X5 vs a Q7 and this seems considerably cheaper than the Q7 w/Premium Plus package. At least before negotiating.
#818 of 2374 Re: [Car_man]
Oct 24, 2008 (3:38 pm)
BMW is advertising a lease for an 08 X3 with an msrp of 50375. The deal is 4k down and 559 for 36 months. If you negotiate 4k off msrp and come in at a purchase price of 46000 then what happens to the 4000 down and the 2990 due in Illinois sales tax? If you want a zero down lease does BMW pay those for you or do you fold the 7000 back into the lease and figure your payments on a $53000 car? Thanks
#819 of 2374 Re: [jayrider] correction
Oct 25, 2008 (6:38 am)
That was the X5 3.0 not the X3.
Oct 28, 2008 (9:15 pm)
Thoughts on this deal would be appreciated.
2008 x5 3.0, premium, cold weather, iPod, Pan Sunroof... MSRP 53,000.00ish.
36 months, 15000 miles
This vehicle was also a service loaner, has 8300 miles on it.
1300.00 drive off
$675.00 per month and they are picking up the last payment of 629.00 on my old Acura MDX lease.
#821 of 2374 Car Man-- Predictions on Nov and Dec for residual and money factor???
Oct 28, 2008 (11:55 pm)
I've been going back and forth with a dealer in LA. Seems the residual is low on the 2008 X5 3.0 and the money factor is so so right now. I have some time but would prefer not to wait. Was hoping you would rub your magic ball and give a prediction on what you expect MF and residual to be for November and December. Really wanted to wait and buy the diesel x5 but I'm being quoted MSRP, low residual and high MF so its coming in over $1100 a month for a 36 month lease so if its going to be a "popular" item, can't see how its going to make sense for a lease until the novelty wears off. You future predictions on those all important variables please!
#822 of 2374 Re: X5 just leased info [nyinla]
Oct 29, 2008 (12:41 am)
nyinla... tell us what dealer gave you a 56% residual please! great.
rules in orange say you can tell us the dealership names good and bad but no salespeople. please post. lets get business to the good ones and away from the bad ones. thanks. your rates are pretty good, did you get a returning customer discount?
#823 of 2374 Re: Car Man-- Predictions on Nov and Dec for residual and money factor??? [
Oct 29, 2008 (3:39 pm)
Hi kinjachris. As you may already be aware, BMW made a significant enhancement, probably the biggest one that I have ever seen it make, to its lease program for 2008 models on October 9th. This enhanced lease program is currently only scheduled to run through the end of the month. It is difficult to say whether BMW will extend it into November, let alone December. If I was in the market for an '08 X5, I would pull the trigger right now. If you would rather go with an '09 model you probably won't lose much by waiting.
Prices Paid: Buying & Leasing Experiences Forum
#824 of 2374 Re: Car Man-- Predictions on Nov and Dec for residual and money factor??? [ [Car_man]
Oct 30, 2008 (2:07 pm)
Here you go Car Man. Still trying to figure out the deal with no money down leases for future reference. The BMW website has a deal for an X5 3.0i msrp $50375 [base model --none on the lot for sure] and a 36 month lease of $559. For this price they require $4009 cash down and you pay the taxes. If you negotiate $4009 off the msrp you still have $83 a month tax in Illinois so your payment would be $559 approx.[somewhat less based on lower selling price] plus $83 per month tax for a total of $642. So based on this, could I expect to walk into the dealership with $642 [1st month] in my pocket and an 850 credit rating and and drive away with a new BMW.Of course the lease is for 10k per year and I would need 12k.[always something] And would that seem like a good deal?