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BMW X5 Lease Questions

2268 messages,  Last post on Jun 17, 2013 at 2:28 PM

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

Messages Page 88 of 227

#868 of 2268 End of lease questions by milti

Dec 18, 2008 (1:15 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

#869 of 2268 Re: End of lease questions [milti] by kyfdx HOST

Dec 18, 2008 (1:28 pm)

Replying to: milti (Dec 18, 2008 1:15 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

#870 of 2268 kyfdx re lease return by jayrider

Dec 18, 2008 (2:03 pm)

Replying to: kyfdx (Dec 18, 2008 1:28 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?

#871 of 2268 Re: kyfdx re lease return [jayrider] by kyfdx HOST

Dec 18, 2008 (2:39 pm)

Replying to: jayrider (Dec 18, 2008 2:03 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 2268 Re: End of Lease Decision [duncan66] by billmv

Dec 19, 2008 (12:08 am)

Replying to: duncan66 (Dec 05, 2008 10:51 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 2268 Is this a good deal? by ryo998

Jan 07, 2009 (10:29 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

#874 of 2268 Re: Is this a good deal? [ryo998] by asteinberg

Jan 07, 2009 (11:33 pm)

Replying to: ryo998 (Jan 07, 2009 10:29 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

#875 of 2268 by ml2005

Jan 12, 2009 (7:10 pm)

Anyone know the current MF and residual for 2009 X5 4.8?
One dealer quoted me .0022 MF and .54 residual.

#876 of 2268 Re: Is this a good deal? [asteinberg] by gtreger

Jan 16, 2009 (9:12 am)

Replying to: asteinberg (Jan 07, 2009 11:33 pm)
Sorry to post this in the BMW forum but i am looking at the ML350 too and I wanted to confirm that you said $580/month with no cap cost reduction? sounds like a phenomenal deal can you share how you managed to get this

#877 of 2268 by asteinberg

Jan 16, 2009 (2:35 pm)

Sure. Simply indicated that I only compared apples with apples, so it had to be NO CAP REDUCTION, 15000 miles, and I was comparing different brands.
Incidentally, once I received $580 monthly, all the competitor brands (except BMW) matched.
My wife decided on Lexus 400H - about the same $53K MSRP.
We received a nice offer from Mercedes in Thousand Oaks -- (are you in So California), but we avoided Mercedes in Calabasas, because the guy tried to add $300 to the bank fee.
Nice to know this -- Lexus lease charges no turn in fee.

Messages Page 88 of 227

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