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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: jh87 (Nov 27, 2008 8:39 am) When you put money "down" you lower your payment. It's a bad idea to do that, so most people calculate their payments at zero "down" and only plan on paying the DMV fees, deposits, first month, etc. You can either roll the bank fee into the lease payment or pay it up front with the DMV fees, etc. If you do not pay it up front, and roll it into the lease, it will add about $100 to it due to the interest paid on it. You ALWAYS want to negotiate as low a selling price as you can, even on a lease. That price becomes your capitalized cost, which is used in the lease payment calculations. Assume you can negotiate, say, $3,000 off MSRP, and then redo your numbers using that as your cap cost. Calc them with and without the advertised $2,850 "down" and you'll see how that changes things too. Happy turkey day!
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Replying to: billmv (Nov 27, 2008 2:10 pm) |
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I have a 2006 X5 3.0 w/ premium package with 36k miles with a lease termination of January 31, 2009. Contracted residual is around $29.5k. Since this residual was based on values calculated 3 years ago and given the current market does anyone have any intelligence on what discounts from residual, if any, dealers/BMW are offering to entice lesee's to buy instead of returning the car at end of the lease. Also any idea on financing terms?
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Replying to: duncan66 (Nov 30, 2008 7:12 pm) I presume you have talked to BMWFS about this. If not, and if you would like to keep the vehicle, by all means do so. I opted to not purchase it, gave it back to the dealer, and they made it a CPO vehicle.
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Replying to: jh87 (Nov 23, 2008 9:17 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: billmv (Nov 30, 2008 9:42 pm)
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Carman & Kyfdx, I have a 2006 X5 with a 36 months/15 k miles per year lease, which is ending in June 2009. Unfortunately, I'm at 41,000 miles right now. Is it true that I can call BMWFS and purchase more miles? And if so are their penalties that may come up when I turn the vehicle in? Or decide to purchase the vehicle? Or is it better to turn the vehicle in early and get another BMW? Thanks
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Replying to: milti (Dec 18, 2008 12:15 pm) Yes.. $0.16 each.. Looks like you'll need about 5900 more miles.. That's $944. They'll even amortize it over your remaining payments, if you don't want to pay it all at once. And if so are their penalties that may come up when I turn the vehicle in? Or decide to purchase the vehicle? If you are still over, after purchasing extra miles, they are then $0.20 each.. If you think you might purchase, then don't pay for extra miles now, as that money will be lost. Or is it better to turn the vehicle in early and get another BMW? Probably the most expensive option.. regards, kyfdx
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Replying to: kyfdx (Dec 18, 2008 12:28 pm)
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Replying to: jayrider (Dec 18, 2008 1:03 pm) Can't say for other makes/banks... |
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