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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

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

Outline

Messages Page 88 of 112: 1; ...; 85; 86; 87; 88; 89; 90; 91; ...; 112; Prev; Next; Last

#865 of 1108 Re: End of Lease Decision [duncan66] by billmv Nov 30, 2008 (9:42 pm)
Replying to: duncan66 (Nov 30, 2008 7:12 pm) duncan66.....I had a 2005 X5 4.4i. The lease was up in early October. It had 29,000 miles on it. The contract residual was $38,200, and BMWFS offered to sell me the vehicle for $34,200. If I took that deal, they would finance it 100% at 3.9% for 60 months. I did not try to negotiate with them further, as I really did not want to keep it. 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. Replies to this message: duncan66 (Dec 05, 2008 9:51 am) billmv (Dec 18, 2008 11:08 pm)
#866 of 1108 Re: Is BMW's current lease offer a good deal? [jh87] by Car_man HOST Dec 01, 2008 (2:46 am)
Replying to: jh87 (Nov 23, 2008 9:17 pm) Hi jh87. The lease payments that you have seen mentioned in this discussion are probably higher than BMW's official advertised payment for the X5 because either these leases have lower down payments or the vehicles mentioned here have more equipment, or both. Savvy consumers who are in an area that has a decent level of competition are almost always able to beat manufacturers' official advertised payments by comparison shopping an negotiating a lower selling price than the ad was based upon. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#867 of 1108 Re: End of Lease Decision [billmv] by duncan66 Dec 05, 2008 (9:51 am)
Replying to: billmv (Nov 30, 2008 9:42 pm) billmy - thanks for the info. I called BMWFS and they indicated that I could buy the car from them directly for its residual, as per the contract, at a rate of 6.4% currently or I could see if the dealer could offer something better. The dealer indicated that if I were to buy the car through them it would effectively be as a CPO since they would buy it from BMW and then sell it to me at potentially a lower financing rate than that quote by BMWFS. I assume the car cost for that will be higher than the residual by virtue of the CPO seal etc. I was curious if BMWFS contacted you directly or through the dealer since the dealer suggested route seems more costly from my end. Just curious. Thanks Replies to this message: billmv (Dec 18, 2008 11:08 pm)
#868 of 1108 End of lease questions by milti Dec 18, 2008 (12:15 pm)
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 Replies to this message: kyfdx (Dec 18, 2008 12:28 pm) jayrider (Dec 18, 2008 1:03 pm) kyfdx (Dec 18, 2008 1:39 pm)
#869 of 1108 Re: End of lease questions [milti] by kyfdx HOST Dec 18, 2008 (12:28 pm)
Replying to: milti (Dec 18, 2008 12:15 pm) Is it true that I can call BMWFS and purchase more miles? 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 Replies to this message: jayrider (Dec 18, 2008 1:03 pm) kyfdx (Dec 18, 2008 1:39 pm)
#870 of 1108 kyfdx re lease return by jayrider Dec 18, 2008 (1:03 pm)
Replying to: kyfdx (Dec 18, 2008 12:28 pm) In general, do you have to turn in your car to the original dealer if you negotiate a better rate at a competing store? Does the policy vary among manufacturers? Replies to this message: kyfdx (Dec 18, 2008 1:39 pm)
#871 of 1108 Re: kyfdx re lease return [jayrider] by kyfdx HOST Dec 18, 2008 (1:39 pm)
Replying to: jayrider (Dec 18, 2008 1:03 pm) You can generally turn your BMW into any BMW dealer, if they are willing. If they are selling you a new car, they are usually more than happy to do so... Can't say for other makes/banks...
#872 of 1108 Re: End of Lease Decision [duncan66] by billmv Dec 18, 2008 (11:08 pm)
Replying to: duncan66 (Dec 05, 2008 9:51 am) duncan66......sorry for the delay. I called BMW FS. They did not call me. I asked what they'd sell the vehicle for, and she immediately knocked $4,000 off the residual. Who knows if they would have gone further. I knew I didn't want to buy it, so I didn't press it. Thus, I had no dealings with my local dealer. I just turned it in on the last day. I don't know what a dealer would pay BMW FS so they could turn around and sell it to you. They would have to make a few bucks in there somewhere, so it seems working through the dealer would be more costly. Hope that helps.
#873 of 1108 Is this a good deal? by ryo998 Jan 07, 2009 (9:29 pm)
Just spoke on the phone to a dealer for a '09 X5 3.0 with technology, heated front seats, running boards, and ipod adapter. MSRP is 51725. Was offered $685 + tax, with $3000 drive off. The term is 36 mo with 12K/year. Is this a good deal? cvp Replies to this message: asteinberg (Jan 07, 2009 10:33 pm) gtreger (Jan 16, 2009 8:12 am)
#874 of 1108 Re: Is this a good deal? [ryo998] by asteinberg Jan 07, 2009 (10:33 pm)
Replying to: ryo998 (Jan 07, 2009 9:29 pm) Sounds to me like your 3000 driveoff includes at least $500 cap reduction, or at least $15 monthly -- which makes it $700 a month. If this were 15000 miles, that would probably be at least $730 a month, Depends how badly you want this car. My wife chose between an Mercedes ML350 and Lexus 400H, both loaded with MSRP of $53K, a bit higher than yours, with 15000 (not 12000) miles, no cap reduction, for $580 monthly. That's $150 a month x 36, or $5400. I don't think it's worth $5400 a month extra for the X3 Replies to this message: gtreger (Jan 16, 2009 8:12 am)

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