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Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions
1096 messages, Last post on Nov 08, 2009 at 6:57 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: idrum (Nov 19, 2008 9:21 pm) for 5 years and doing the balloon seems a better deal and a lower monthly payment than leasing. I'm in the $550 mo. range with $6K down on a 3.0si. I think you guys are coming up with higher lease payments?
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Replying to: b4z (Nov 20, 2008 6:02 am) The balloon payment financing alternative that you are referencing is quite attractive thanks to the reasonable balloon (residual) and 0.9% interest rate. However, comparing a lease to this balloon payment financing alternative could prove to be a costly mistake, especially in the long-term. In a lease, BMW Financial is carrying the residual risk and is responsible for assuming the lease at lease-end and re-marketing the vehicle in the used car market. With the balloon payment financing alternative, you are responsible for the residual and can either keep the car by paying the balloon or attempt to re-sell the vehicle in the open market with no guarantees. Depending on your economic and driving situation, I would think twice about balloon payment financing. Best, Matt eights38  gmail.com
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I am trying to negotiate a deal from internest sales department of BMW dealers to purchase a 2008 X5 3.0 with premium, real climate control. They insist that is in my advantage to buy it than lease it. I have a MB E350 which I need to return by 12/30/08. I only have few more weeks to figure this out. If I buy it calculating around 50,000.00 by 0.9 financing for 60 months my payments including tax would be around $900 for 5 yrs!!! for a car with no warranty for the last year of ownership! what is the best deal this month for leasing the same car for 10,000 m/y for 36 months? what would be the residual value at the end of the lease? What should I be looking for. Would you please advise. Thanks
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Replying to: faye94 (Nov 20, 2008 1:23 pm) expensive tastes usually require deep pockets. Wish they didn't. |
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I am trying to Lease a USED 2008 X5 3.0 Premium, Tech, 3rd row seating and 11k miles with an asking price of 49k. My company requires that I lease. Does anyone know the residual value or the money factor for a used X5. The car is in So Cal I am told that the rates are less favorable than those for a new 2008. I assume this is because of lower Residual and Money factor. Are these set by BMW financial or by my sales team. Are they negoitiable? |
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I understand BMW financial will allow you to add extra miles to a lease at .16$ per mile up to the last 4 months of the term of the lease. Will they recalculate your monthly lease payment as the actual residual value of the car changes. For example if you add 20k extra miles for $3,200 to a 10k/yr 3 year lease and return a BMW with 50k miles its actual value is less. Will your monthly payment change?
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Replying to: scouv1 (Nov 22, 2008 10:52 am) If you have the miles added to the contract, upfront, then the residual is reduced by $0.15/mile. regards, kyfdx
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Replying to: kyfdx (Nov 22, 2008 11:13 am) So if you need 25k miles per year it seems better to lease at 10k miles /yr with a residual around 62% and add the miles than to recalculate the lease based on a 3 yr old car with 75k miles. This assumes the you have to lease a car. |
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Please help me on a 2008 X5 3.0 lease in upstate NY. It is a holdover DEMO with 2,500 miles. MSRP $55,325, Selling price $49,700 Lease: 36 mo./12k miles Includes: Premium Pkg, Cold Weather Pkg, 3rd Row, Rear Climate, Rear DVD & Park Distance Residual is (56%)? & Money X = .00125 (3%) Monthly payment $699.66; included taxes and zero $ down payment Question 1: is this a good deal or could they come down? they wouldn't budge when I asked for accessories or lower payment. should i just take it at $699 or what is the REAL monthly # I can get this down to? dealer said "No X5 goes below $700 with zero down". Any truth to this? $2,405 due at signing (inception fees) $699.66 1st month $625 bank fee $225 office fee $155 plates $700 security deposit Question 2: can i negotiate any of the fees (bank & office)? Since the car is a demo I lose my BMW CCA loyalty rebate, and the dealer will still not budge. Dealer in NY said if I don't pull the trigger by Tuesday, he will not honor the offer and has other buyers wanting the car. Questiion 3: What can I get him to throw in or work with me on? Possible tire waranty since they are run flats? Please help me, I need to decide in next 48 hours. |
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Replying to: bmanpc (Nov 22, 2008 7:06 pm)
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