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BMW X5 Lease Questions

1116 messages,  Last post on Dec 04, 2009 at 10:39 PM

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

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#910 of 1116 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 1116 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 1116 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 1116 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 1116 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 1116 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 1116 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)
#917 of 1116 X5 deal or no deal? by dmchicago Apr 08, 2009 (7:23 am)
I don't think this is a good deal but would like input on what "could" be a good deal:   2009 X5 xDrive30i Cold Weather Premium Pkg Tech Pkg Running Boards iPod and USB adapter Satellite radio w/1 yr subscription All Weather floor mats   Here's the offer:   Vehicle Price: $58,960.00 Appearance Protection Program: $329.00 Preferred Customer Discount: -$2,948.00 Selling Price: $56,341.00   Sales Tax (estimate): +$5,228.37 Tag/Registration Fees (estimate):$143.00 Documentation Fee: + $151.65 Electronic Filing: + $25.00 Balance Due (estimate): $61,889.02   36 month lease with $2500.00 down: $993.00 Replies to this message: shanchen72 (Apr 10, 2009 6:19 pm)
#918 of 1116 Re: X5 deal or no deal? [dmchicago] by shanchen72 Apr 10, 2009 (6:19 pm)
Replying to: dmchicago (Apr 08, 2009 7:23 am) wow that sounds horrible. what was the residual? 30%?
#919 of 1116 Re: Lease options [milti] by Car_man HOST Apr 22, 2009 (2:07 am)
Replying to: milti (Apr 04, 2009 5:56 pm) Greetings milti. BMW Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 2009 X5 4.8 with 15,000 miles per year are .00155 and 56%, respectively.   BMW is currently providing a $1,750 loyalty cash incentive on leases of this truck to returning customers. Make sure to take this cash into account when negotiating the capitalized cost for your lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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