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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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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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Replying to: kinjachris (Nov 09, 2008 10:26 pm) 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
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Replying to: jmcbmw (Nov 09, 2008 11:59 pm) So it brings about a question. For purposes of using online lease calculators to get a ballpark lease payment, should I be using the residual of MSRP or of the purchase price. For example. 09 X5 3.0 36 mo. lease  15k miles per year. MSRP of what I'm selecting is in the 57-58k range. Invoice is around 52-53k. Lets just say for argument sake to help me understand this I paid invoice. So I would put the price paid as my cap cost, the above money factor and from what I'm hearing I should put 57% of MSRP into the calculator instead of 57% of 53k. Is this correct?
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Replying to: kinjachris (Nov 10, 2008 12:31 am) In three years, say, the vehicle will be worth X, regardless of how good or bad a deal you cut when you "bought" it. If two people buy identical vehicles, and one just pays full MSRP and the other negotiates the pants off the dealer and gets it for $3,000 less, both vehicles will be worth exactly the same at any given future point in time. Assuming of course, that the mileage driven is identical, etc. The payment will be less for the person who did the best job negotiating the "selling" price, though. If both vehicles have residual values of $35,000 36 months from now, and Buyer A "paid" $57,000 and Buyer B paid $53,000, then those amounts are used to determine the amount of depreciation which goes into each lease payment. Buyer A's monthly depreciation is $611.11. Buyer B's monthly depreciation is $500.00. ($57,000 - $35,000 = $22,000 / 36 = $611.11) To get the "interest" portion of your payment, just add the cap cost to the residual value and multiply that total by the money factor. ($57,000 + $35,000 = $92,000 x .00150 = $138.00) Add the depreciation component of $611.11 to the interest component of $138.00 and you come up with your pre-tax payment of $749.11. Add sales tax to $749.11 each month and you have your monthly payment. To the penny. Hope that helps! |
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Replying to: kinjachris (Nov 08, 2008 4:33 pm) |
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