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BMW X5 Lease Questions

1109 messages,  Last post on Nov 28, 2009 at 9:39 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? BMW X5, Car Leasing, SUV


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#818 of 1109
Re: [Car_man] by jayrider
Oct 24, 2008 (3:38 pm)
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Replying to: Car_man (Sep 23, 2008 3:44 am)

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 1109
Re: [jayrider] correction by jayrider
Oct 25, 2008 (6:38 am)
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Replying to: jayrider (Oct 24, 2008 3:38 pm)

That was the X5 3.0 not the X3.
#820 of 1109
Lease Deal by cdepaola
Oct 28, 2008 (9:15 pm)
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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 1109
Car Man-- Predictions on Nov and Dec for residual and money factor??? by kinjachris
Oct 28, 2008 (11:55 pm)
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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 1109
Re: X5 just leased info [nyinla] by kinjachris
Oct 29, 2008 (12:41 am)
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Replying to: nyinla (Sep 03, 2008 12:50 pm)

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 1109
Re: Car Man-- Predictions on Nov and Dec for residual and money factor??? [ by Car_man HOST
Oct 29, 2008 (3:39 pm)
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Replying to: kinjachris (Oct 28, 2008 11:55 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.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#824 of 1109
Re: Car Man-- Predictions on Nov and Dec for residual and money factor??? [ [Car_man] by jayrider
Oct 30, 2008 (2:07 pm)
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Replying to: Car_man (Oct 29, 2008 3:39 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?
#825 of 1109
X5 Lease Program by eskaymarsha
Nov 01, 2008 (8:19 am)
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Hey everyone I'm new to this and I have a question...
 
Not sure if the November lease programs are out yet, but as far as an '08 X5, what were the rates in October and what are they in November? Did they get better, stay the same, or get higher??
 
I don't know if you need more specific information, but I'm in New York, interested in a 36 month lease with 10,000 miles a year, and I have BMW loyalty.
 
I hope someone can help!
#826 of 1109
Re: X5 Lease Program [eskaymarsha] by kinjachris
Nov 01, 2008 (4:56 pm)
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Replying to: eskaymarsha (Nov 01, 2008 8:19 am)

Not sure if this helps for NY or not...
In CA i was just quoted 2 days ago.
bmw loyalty money factor of .00150 (.0020 is standard)
residual 53%
They were pressing me to purchase before end of Oct but I'm not in a terrible hurry.
I'll take my chances on Nov and Dec. BMW can not be immune to the crashing US economy, seems to me it can only get better for an suv purchase...
good luck.
#827 of 1109
Re: X5 Lease Program [kinjachris] by eskaymarsha
Nov 01, 2008 (11:06 pm)
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Replying to: kinjachris (Nov 01, 2008 4:56 pm)

Unfortunately I don't know much about money factors and residuals.. When I asked the dealer what % it was in October for the '08 X5, he said 3%. What does that mean? And is it lower or higher in November??
 
If you don't mind, please explain it to me like you would to a 5th grader!

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