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Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions
1116 messages, Last post on Dec 04, 2009 at 10:39 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: x5fan10 (Jun 01, 2009 11:50 am) |
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Replying to: mel04 (May 30, 2009 9:00 pm) |
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I made the following lease deal on a 2009 X5 30i here in Northern Virginia last week at Fairfax BMW. After a couple of days of back and forth, eventually was able to custom order an X5 which will be delivered in 4-6 weeks. X5 30i, Vermilion Red, Sand Beige Nevada Leather, Light Poplar Wood Trim Premium, Tech, Cold Weather, Rear Climate, iPod Adaptor, Smartphone Integration, HD Radio $57,375 MSRP $52,955 Selling Price $1,750 existing customer additional cap reduction additions include VA tax, title, tags 36 months, 12k mileage allowance Residual 55% Money Factor .00180 $1,500 due at signing + First Month payment upon car delivery in 4-6 weeks Monthly payment $716 Dealership initially had money factor of .00220 but thanks to postings in this forum, I knew that was a markup. Salesman initially pitched a custom order to me while emailing back and forth. Once we sat down and started talking numbers it was clear they would not discount a custom order very much, so we started negotiated for a similar car on their lot (not the color that my wife wanted), so after getting that car down to basically the same numbers as above, I still did not want to pay more than $1,500 at signing (ie, no additional $716 first month payment). Manager stepped in and said there is just no way to go lower...and after much hand wringing he suggested just letting us custom order and that got us the color we wanted and pushed the first month payment back 4-6 weeks, which actually worked better for us since we have an existing lease on a Volvo that is set to expire in July. Manager said they train their salespersons not to negotiate pricing very much on custom orders and to try to move the cars already on their lot (makes sense). I think it is a fair deal and the guys at Fairfax BMW were very pleasant to deal with.
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Hi everyone, It looks like BMW Financial Srv is offering a $1750 Lease Cash Offer for X5 3.0 and 4.8i. For anyone or Car_man, is this Lease Cash available in conjunction with the Loyalty Cash (which is also $1750)? Do you guys know the buy rate MF for June on the x5 4.8i? I'm gonna get my car next week! Thanks a million! sleepie
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Replying to: sleepie28 (Jun 02, 2009 12:34 pm)
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Replying to: tomcat626 (Jun 02, 2009 3:19 pm) But I'm trying to see if I'm actually eligible for both! 
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Replying to: sleepie28 (Jun 02, 2009 3:43 pm) BMW OWNER LOYALTY FOR EVERYONE !!!
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Replying to: johnpatrick3 (Jun 02, 2009 9:30 am) Thanks for the info. So how did u negotiate the MF? And the rseidual value- i thot it was 57% for 36mo and 12k. Also, what would u recommend- shud i tell the dealer NOW or when i negotiate the price, that i am in for a lease. And when i tell him that i am in for a lease, what new surprises should i be prepared for? thanks ps i am a bit nervous since this is my first lease
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Replying to: tomcat626 (Jun 02, 2009 4:02 pm) thanks so much for your post tho!
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Replying to: x5fan10 (Jun 02, 2009 6:32 pm) I remember that Edmunds lease guide recommended to act like buying before surprising them  But, it's your call!
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