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BMW X6 Lease Questions

16 messages,  Last post on Oct 21, 2009 at 1:57 AM

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What is this discussion about? BMW X6, Car Buying, Car Leasing, SUV

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#11 of 16 Re: BMW advertised lease deal [rac10000] by Car_man HOST Sep 28, 2009 (3:10 am)
Replying to: rac10000 (Sep 03, 2009 9:22 am) Hi Alex. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 X6 xDrive35i with 10,000 miles per year are indeed .00200 and 60%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: rac10000 (Sep 28, 2009 6:48 am) Car_man (Sep 29, 2009 1:36 am) rac10000 (Sep 29, 2009 6:23 am)
#12 of 16 Re: BMW advertised lease deal [Car_man] by rac10000 Sep 28, 2009 (6:48 am)
Replying to: Car_man (Sep 28, 2009 3:10 am) Hi Car Man,   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 Replies to this message: Car_man (Sep 29, 2009 1:36 am) rac10000 (Sep 29, 2009 6:23 am)
#13 of 16 Re: BMW advertised lease deal [rac10000] by Car_man HOST Sep 29, 2009 (1:36 am)
Replying to: rac10000 (Sep 28, 2009 6:48 am) You're welcome, Alex. I think that the problem is that you are basing this lease on full MSRP when the advertisement probably assumes that some sort of dealer discount is being provided. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Knock some money off of this car's capitalized cost for a dealer discount and you should be able to arrive at the advertised payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: rac10000 (Sep 29, 2009 6:23 am)
#14 of 16 Re: BMW advertised lease deal [Car_man] by rac10000 Sep 29, 2009 (6:23 am)
Replying to: Car_man (Sep 29, 2009 1:36 am) Hi Car Man,   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
#15 of 16 X6 5.0 by roadking1 Oct 11, 2009 (7:40 am)
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 Replies to this message: Car_man (Oct 21, 2009 1:57 am)
#16 of 16 Re: X6 5.0 [roadking1] by Car_man HOST Oct 21, 2009 (1:57 am)
Replying to: roadking1 (Oct 11, 2009 7:40 am) I'd be happy to help you out, roadking1. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 X6 5.0 with 12,000 miles per year are .00175 and 60%, respectively.   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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