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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: 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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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 .
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Replying to: ddiana (Nov 12, 2008 2:25 pm) 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. |
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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!
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Replying to: smilsom (Nov 19, 2008 9:03 am) 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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Looking at '09 X5 3.0. Premium, Cold Weather, Rear Climate, Tech Pkg, Comfort Access, Heads Up, IPOD. MSRP of $58,475. Quoted sell price of $56,720.75. Edmunds has invoice at $53,675. What do y'all think would be a reasonable sell price? Also, I plan on leasing - 36 mo/15K miles - was quoted residual of 57% which seems in line, but MF of .00215, which seems high - the forum says it should be .00175. Lastly, they dont have the car I want. They do have one in dealer search but it doesnt have the Heads Up which I REALLY want. Does ordering give me less negotiating power? Based on the numbers above, where do you think my final sell price should land and should I expect a lower MF? |
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