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BMW X5 Lease Questions

1108 messages,  Last post on Nov 22, 2009 at 6:35 PM

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

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#830 of 1108 Re: X5 Lease Program [kinjachris] by kinjachris Nov 08, 2008 (4:33 pm)
Replying to: kinjachris (Nov 02, 2008 8:13 am) 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! Replies to this message: jmcbmw (Nov 10, 2008 5:57 pm)
#831 of 1108 Who has the November money factor and residuals for the 2009 X5 please ??? by kinjachris Nov 09, 2008 (10:26 pm)
Replies to this message: jmcbmw (Nov 09, 2008 11:59 pm) kinjachris (Nov 10, 2008 12:31 am) billmv (Nov 10, 2008 9:26 am)
#832 of 1108 Re: Who has the November money factor and residuals for the 2009 X5 please ??? [kinjachris] by jmcbmw Nov 09, 2008 (11:59 pm)
Replying to: kinjachris (Nov 09, 2008 10:26 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 Replies to this message: kinjachris (Nov 10, 2008 12:31 am) billmv (Nov 10, 2008 9:26 am)
#833 of 1108 Re: Who has the November money factor and residuals for the 2009 X5 please ??? [jmcbmw] by kinjachris Nov 10, 2008 (12:31 am)
Replying to: jmcbmw (Nov 09, 2008 11:59 pm) Thank you. Good to see the residual go up. 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? Replies to this message: billmv (Nov 10, 2008 9:26 am)
#834 of 1108 Re: Who has the November money factor and residuals for the 2009 X5 please ??? [kinjachris] by billmv Nov 10, 2008 (9:26 am)
Replying to: kinjachris (Nov 10, 2008 12:31 am) Yes. Always use MSRP to calculate the residual dollar amount by multiplying the MSRP by the percentage number.   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!
#835 of 1108 Re: X5 Lease Program [kinjachris] by jmcbmw Nov 10, 2008 (5:57 pm)
Replying to: kinjachris (Nov 08, 2008 4:33 pm) The dealer (in Long Beach CA) would not give my friend any clear info on leasing the 2007 X5 they have. Only said it has to be 48 months and were then all over the map with numbers. He walked and quickly. I was working on a 2009 deal that he walked from as well. They woudn't do better than $1600 over invoice which was fine. All they had to do to make the sale was include dealer install Sat radio and they said no. Guess business is booming at BMW!
#836 of 1108 Paying too much? 2008 X5 3.0 in NY by ddiana Nov 12, 2008 (2:25 pm)
i was just quoted on an '08 X5 3.0 (gray w/ black interior) cold weather, premium, ipod, rear climate, premium tech package = $48.6k + taxes. it has 4k miles on it - they say it was driven by the mgr.   lease - 12k miles --> $623/mth with $3,410 down. claims this car is priced at invoice but i havent seen the paperwork yet to confirm. should there be more room in this price considering that it has 4k miles and given the economy is essentially crumbling around us??? if so, what is a fair price where both the dealer and I can walk away satisfied?   thanks for any help . Replies to this message: kinjachris (Nov 12, 2008 6:20 pm)
#837 of 1108 Re: Paying too much? 2008 X5 3.0 in NY [ddiana] by kinjachris Nov 12, 2008 (6:20 pm)
Replying to: ddiana (Nov 12, 2008 2:25 pm) ddiana, they must have a creative version of the word invoice then as a car with 4k miles on it is USED no matter how you look at it. However if you only pay the drive off which is probably around 1400 or so that monthly price rises about $60 and isn't bad for the equipment you are getting as long as your lease doesnt include their mileage as you benefit from less depreciation versus a new one. so in that regard doesnt seem that bad.   As for the guy talking about the Long Beach, CA dealership above, I had the same experience there. Was pulling teeth to get info, very salesy, not at all helpful. Frankly I will be happy if I never step foot on that lot again, just a complete waste, might as well be a ford dealership. Try Irvine. They have an internet dept that I found to be exactly as you would expect to find it. Worth the extra drive from LA.   Maybe we consumers are just missing something. Maybe BMW isn't having any issues at all in the economy and they can keep trying to charge msrp. ha!   As for an earlier post on November money factor. The numbers i quoted are for returning bmw customers. for new customers the money factor was .00190. The rise in the residual number helps tremendously on the lease payment.
#838 of 1108 Releasing an X5 by smilsom Nov 19, 2008 (9:03 am)
I have an 06 X5 3.0 and my lease expires in 2 months. Currently my lease payment is $630/month. Can anyone give me any info on how a release works with BMW Financial Services? I have no problems with the car would just like to drop my payments below $400/month.   How does this work?   Thanks! Replies to this message: billmv (Nov 19, 2008 11:13 am)
#839 of 1108 Re: Releasing an X5 [smilsom] by billmv Nov 19, 2008 (11:13 am)
Replying to: smilsom (Nov 19, 2008 9:03 am) Just call them and talk to a customer service rep. I recently went through the same process. She told me that a re-lease would be quite expensive, and instead offered to sell me my X5 for a discount from the residual value. Then they would finance that amount 100% at a decent interest rate (I think it was 3.9%) for 60 months. I opted not to do that, and gave the vehicle back, but that's how it works.   Make them give you a number to re-lease it, and the assumptions that go into that payment amount. You have to understand how they're getting to their number. If they figure that the new residual value will be quite low, X years out, and they apply a higher money factor to the new lease, then your payment may go up from $630, not down.   It's all in the math.   Good luck.

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