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BMW X5, Car Leasing, SUV
#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?
Nov 01, 2008 (8:19 am)
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 2374 Re: X5 Lease Program [eskaymarsha]
Nov 01, 2008 (4:56 pm)
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)
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...
#827 of 2374 Re: X5 Lease Program [kinjachris]
Nov 01, 2008 (11:06 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!
#828 of 2374 Re: X5 Lease Program [eskaymarsha]
Nov 02, 2008 (8:13 am)
money factor is a fancy way of disguising interest rates to confuse consumers for leases. If it is a purchase they will normally quote you an interest rate like you got etc.
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:
Can't tell you on November yet, no one has posted those numbers if they went up or down.
#829 of 2374 ? New 07 X530i. Wierd or not?
Nov 08, 2008 (12:23 pm)
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.
#830 of 2374 Re: X5 Lease Program [kinjachris]
Nov 08, 2008 (4:33 pm)
that does sound wierd. like an indiana jones relic.
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!
#831 of 2374 Who has the November money factor and residuals for the 2009 X5 please ???
Nov 09, 2008 (10:26 pm)
#832 of 2374 Re: Who has the November money factor and residuals for the 2009 X5 please ??? [kinjachris]
Nov 09, 2008 (11:59 pm)
2009 BMW X5 Wagon xDrive 3.0i
24 Month – Residual 63% of MSRP – .00175 Base Rate
36 Month – Residual 57% of MSRP – .00175 Base Rate
48 Month – Residual 39% of MSRP – .00285 Base Rate
60 Month – Residual 33% of MSRP – .00285 Base Rate
2009 BMW X5 Wagon xDrive 4.8i
24 Month – Residual 63% of MSRP – .00150 Base Rate
36 Month – Residual 57% of MSRP – .00150 Base Rate
48 Month – Residual 32% of MSRP – .00285 Base Rate
60 Month – Residual 26% of MSRP – .00285 Base Rate
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
Info taken from Roadfly.com