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BMW X5 Lease Questions

1113 messages,  Last post on Dec 04, 2009 at 3:16 AM

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

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#907 of 1113 Re: lease [wease944] by Car_man HOST Mar 30, 2009 (2:19 am)
Replying to: wease944 (Mar 23, 2009 4:31 pm) Hi wease944. It is very important to understand exactly how leases work prior to negotiating with dealers. If you don't understand what you are doing, it is easier for them to take advantage of you. Check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the model that you want and then have the dealer calculate your vehicle's monthly payment using its buy rate lease money factor. BMW Financial Services' current buy rate for the '09 X5 3.0 is .00180.   You can look up the MSRPs and dealer invoice prices for the trucks that you are interested in over in the New Vehicle Pricing section of Edmunds.com.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#908 of 1113 Residual? by chrisutley Apr 01, 2009 (3:14 pm)
I see a number of posts citing money factor and a percentage for the residual. If I see a residual of say 50%, does that mean 50% of the MSRP (including any options) or 50% of the actual price paid? Replies to this message: ocautoseeker (Apr 02, 2009 3:13 am) bstncarbyr (Apr 02, 2009 6:40 am) ocautoseeker (Apr 02, 2009 11:08 pm)
#909 of 1113 Demo and loaner discounts by chrisutley Apr 01, 2009 (3:25 pm)
In order to drive the X5 that I want, it looks like I'll need to strike a deal on a loaner or demo vehicle. I'm already familiar with the pros and cons of these vehicles, and I'm willing to live with the cons for a vehicle that is sold "as new" with full original warranty intact.   My question is this ... I cannot find used pricing for 2009 vehicles on KBB and other like sites, and I'm trying to determine what's a fair price for a demo/loaner with maybe 5-10K miles on it. If going price for brand new is right around invoice today, then how far below invoice can I push these dealers on these "used" vehicles?   Thanks in advance. Replies to this message: ocautoseeker (Apr 02, 2009 3:29 am)
#910 of 1113 Re: Residual? [chrisutley] by ocautoseeker Apr 02, 2009 (3:13 am)
Replying to: chrisutley (Apr 01, 2009 3:14 pm) The residual value is based on the TOTAL MSRP including all options and destination. So, just to illustrate: if a BMW X5 has an MSRP of say, $54,625.00, and the residual stated 57% ... then that would be 57% of $54,625.00. I know, I know, I'm being redundant, but I like to be thorough to get my point across.   As for BMW's money factors, it can be a bit confusing for multiple reasons. The mf can flucuate based on whether or not you're a repeat customer, whether you pay a security deposit, etc. BMW leases have definitely been more attractive as of late for "loyalty" customers.
#911 of 1113 Re: Demo and loaner discounts [chrisutley] by ocautoseeker Apr 02, 2009 (3:29 am)
Replying to: chrisutley (Apr 01, 2009 3:25 pm) First and foremost, you wanna' find out who was driving that demo. Preferably, it was someone at the dealership, like the sales manager or his wife etc., rather than a true demo. Chances are they took good care of it and drove it easy, knowing full well they'd need to put back out on the line.   Good rule of thumb for figuring out a good price on a demo ... .25-.35 cents/mile. Meaning, if the vehicle has 5000 miles and you figured say .30 cent/mile, that's $1500. Therefore, if you could realistically buy a "new" one for, let's just say $200 over invoice, then you should be able to snag the demo at $1300 below invoice. Also, if it's an '08, deduct another $1000 or so.   You also need to consider the warranty too. Ask them if they actually have an in-service date on the vehicle. They probably do, especially if it was driven 5k or so, but you'll wanna' see how that affects the manufacturer's warranty, since the time and mileage started ticking from the "in-service" date.
#912 of 1113 Re: Residual? [chrisutley] by bstncarbyr Apr 02, 2009 (6:40 am)
Replying to: chrisutley (Apr 01, 2009 3:14 pm) After spending time on this website and doing research here is a quick and easy way to figure leases...these are only formulas and you need to find accurate residuals (easy) and Money Factors (tougher) to figure out how the deal stacks up   1st Formula ((your cost*(list price*residula percent))/term in months 2nd Formula ((your cost+(list price*residual percent)*money factor   when you add the results of those together you will get your payment   Once I had this negotiating got much easier   hope this helps Replies to this message: ocautoseeker (Apr 02, 2009 11:08 pm)
#913 of 1113 X5 Lease by bstncarbyr Apr 02, 2009 (6:46 am)
Has anyone heard about the new programs or MF rates for the April Leases? Replies to this message: Car_man (Apr 03, 2009 3:07 am)
#914 of 1113 Re: Residual? [bstncarbyr] by ocautoseeker Apr 02, 2009 (11:08 pm)
Replying to: bstncarbyr (Apr 02, 2009 6:40 am) Here is a nice clean illustration borrowed from T. Shebasta from LC (Thank you T!) ...   Lease Payment Calculation Formula: (Cap Cost – Residual Value) / Term = Depreciation (Cap Cost + Residual Value) X Base Rate = Interest Depreciation + Interest = Base Monthly Payment   Terms Used in Lease Formula: CAP COST = Vehicle Purchase Price (amount financed) RESIDUAL VALUE = MSRP (window sticker) X Residual % TERM = Length of Lease in Months (3 years = 36 months) BASE RATE = Dealer’s Buy Rate (dealer can mark this up for profit)
#915 of 1113 Re: X5 Lease [bstncarbyr] by Car_man HOST Apr 03, 2009 (3:07 am)
Replying to: bstncarbyr (Apr 02, 2009 6:46 am) I have had an opportunity to take a look at BMW's April lease program for the X5, bstncarbyr. BMW Financial Services' new buy rate lease money factor for the 3.0 is .00180.   Let me know if you need any other info.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#916 of 1113 Lease options by milti Apr 04, 2009 (5:56 pm)
CarMan and/or Kyfdx,    1. My lease on my X5 is coming to an end. I'm interested in leasing another X5 (the 4.8) this month. Since I'm a returning BMW customer, what is April's money factor, residual value % for a 36 month, 15,000 mile lease. Are there any other values I should know or special lease options available. Edmunds "incentive list" for the X5 4.8 does not have any reported.   Thank you Replies to this message: Car_man (Apr 22, 2009 2:07 am)

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