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Prices Paid: Buying & Leasing Experiences BMW X6 Lease Questions
19 messages, Last post on Dec 04, 2009 at 9:44 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi Car_man, I was looking over BMW advertised lease deal on the X6 XDrive35i and can not replicate the numbers to arrive at their $609/mth payment. http://www.bmwusa.com/Standard/Content/FinancialServices/LeaseOfferDetail.aspx?e- - nc=V+7BXiPGxXkKwyb+LzmAIw== $609 First months payment $4,300 Down payment $650 Security Deposit $725 Acquisition fee $6,284 Cash due at signing Are they using a money factor of .002 and a residual of 60%? I assumed that the MSRP and selling price was $58,925. Thanks, Alex
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Replying to: rac10000 (Sep 03, 2009 9:22 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Sep 28, 2009 3:10 am) Thank you for confirming my rates Unfortunately, I still cannot arrive at their $609/mth payment. Here are my calculations: MSRP: $58,925.00 Cap Reduction: $6,050 ($4300 Down payment + $1,750 BMW lease cash) Money Factor: 0.0020 Residual: 60% Lease Term: 36 Payment: $663.13 Residual  end of lease: $35,355.00 (matches what BMW says in the fine print) Up Front: $609 First months payment $4,300 Down payment $650 Security Deposit $725 Acquisition fee Taxes (~$2207) -------------------------------- $8,491 Cash due at signing I can't seem to figure out what I'm doing wrong ... maybe there is something I'm missing? Thanks again, Alex
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Replying to: rac10000 (Sep 28, 2009 6:48 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Sep 29, 2009 1:36 am) Thanks again. If I reduce the selling price to $57,107 (MSRP $58,925) it kicks the payment down to $609. That is a $1,818 discount off MSRP. I wasn't aware that BMW FS could advertise a lease that is not based on the selling price being the same as MSRP. Also, BMW doesn't mention anything about a discount in the fine print. The $1,818 discount is around 40% of the difference between invoice and MSRP on the X6. -Alex |
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Hi Carman- Looking to lease a 2009 X6 5.0, 72000 msrp, 36 month, 12K per year, minimum down. Can you give me an approx lease rate? Please include residual, money factor, and discount from msrp assumptions. Thank you, bill
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Replying to: roadking1 (Oct 11, 2009 7:40 am) I am not personally all that familiar with what the market is like for the X6 right now price-wise, but you might be able to get an idea of how much you will have to pay for one by stopping by the "BMW X6 Prices Paid and Buying Experience" discussion. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Oct 21, 2009 1:57 am) Thanks!!
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Replying to: vwang (Nov 27, 2009 11:03 am) You never mentioned how long you want to lease this vehicle for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Dec 04, 2009 3:18 am) I have been following the rates pretty closely and I am pretty sure the BMW FS rates for November (and December) for 15k miles/yr are: XDrive 35i - 57% Residua / MF of 0.00225 XDrive 35i - 58% Residua / MF of 0.00220 X6M - 52% Residual / MF of 0.00225 *Also a holiday credit of $2500 on the 35i and 50i. Do you have different info? Thanks, Alex |
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