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Prices Paid: Buying & Leasing Experiences 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
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Replying to: jayrider (Oct 24, 2008 3:38 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. |
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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!
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Replying to: nyinla (Sep 03, 2008 12:50 pm) 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? |
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Replying to: kinjachris (Oct 28, 2008 11:55 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Oct 29, 2008 3:39 pm) |
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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!
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Replying to: eskaymarsha (Nov 01, 2008 8:19 am) 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.
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Replying to: kinjachris (Nov 01, 2008 4:56 pm) If you don't mind, please explain it to me like you would to a 5th grader!
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Replying to: eskaymarsha (Nov 01, 2008 11:06 pm) You need money factor if you are going to use a lease calculator off the web to figure payments, etc. Simply multiple the money factor rate by 2400 and you get an interest rate you will recognize for approximation. .0015 * 2400 = 3.6% ---- .0020 * 2400 = 4.8% Once you know money factor, residual and the price you pay for the car you can calculate an APPROXIMATE lease payment using the lease calculator on this website which you can find at: http://www.edmunds.com/apps/calc/CalculatorController?pmtcalAction=lease_calc&ti- d=edmunds..calculators.basic_loan_tab.basic_lease.tab_link..* Can't tell you on November yet, no one has posted those numbers if they went up or down.
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