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Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions
1108 messages, Last post on Nov 22, 2009 at 6:35 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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I also posted this in the "prices paid" section. I'm in So CAL helping a friend find a lease on a 2008 or 2009 X5. He finds a 2007 X5 3.0i with only 135miles on it that the dealer is claiming is new. Is it possible this vehicle had some sort or problem or accident that they do not have to disclose because it was never registered? It's in the color he wants (Monaco Blue) and has almost all the options we have been looking for. MSRP is $56740 and it has premium, sports, comfort access, sat radio, running boards and rear climate. They are offering $10K off sticker. The only info I can find is for a 2007 certified used X5 in outstanding condition listed on edmunds at $44700. We are also very concerned on lease numbers (money factor/residual) for an 07. They haven't given us this info yet but will post later. Otherwise we are looking at an 09 because have not been able to find an 08 with color and options. Another dealer is offering $1600 over invoice and buy rate MF on an 09 lease and $1600 below invoice w/ buy rate if we can find an 08. Any thoughts on this 07 would be appreciated. As of now I am telling my friend not to jump on it as it seems wierd. Thanks! |
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Replying to: kinjachris (Nov 02, 2008 8:13 am) well please post the info you get from the dealer, I can't wait to see the residual on an 07 that is essentially two years old before it gets on the street. I can't imagine that car is going to pencil for a lease at all. If you figured a new one will depreciate 47% in three years (based on 53% residual), lets be super kind and say it depreciates 1/3 of that each year (which can't be true, it would be more heavily weighted on the first year and a half). In that super generous example, it depreciates 15.6% a year. So in a petri dish, 10k off seems reasonable. Facts are it is 2 model years old so technically it has depreciated 2 years already right? Thats 16,500 of value already gone, poof. My guess is that car was off the road for several months in a body shop on a bad test drive!!! What dealer still has an 07! Tell us! Sales must really be down there!
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