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BMW X6 Lease Questions

166 messages,  Last post on Mar 19, 2013 at 11:54 AM

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

Messages Page 15 of 17

#140 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [Car_man] by sbasu

Nov 15, 2012 (2:03 pm)

Replying to: Car_man (Nov 09, 2012 12:44 pm)
Hey - for some reason I missed your reply. Thanks for the details - this is very helpful. You've been a great help.

#141 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [Car_man] by beezalee

Nov 16, 2012 (3:15 pm)

Replying to: Car_man (Nov 09, 2012 12:44 pm)
Hey Guys,
 
I'm new to the forums and so far I've learned about leasing and such, so thank you in advance for all the information you guys have provided. Before I get into my questions, I am a complete noob when it comes to leasing a car and only have a basic knowledge of how to do the math.
 
At any rate, I am interested in leasing a 2013 BMW X6 xDrive35i (36 mo/10k miles) and was intrigued to learn that BMW is doing it's holiday special. The special lists the monthly lease payment at $659.00 excluding taxes based on a MSRP of $63,395.00 In the fine print, it states that total lease payments are $23,724.00 and that the vehicle may be purchased at the end of the lease for $37,757.00
 
I am looking to break this down and reverse calculate the holiday special so that I can obtain the other variables needed (MF for example). I have turned to this forum in particular to find some guidance in doing so.
 
So, my questions for you guys are:
 
1) Am I right in my assumption to take this approach? Specifically, I am looking to get the X6 with the sports package, premium package, and premium sound and want to know about how much I will be expecting to pay for the monthly which is why I rationed that I need all the other variables not explicitly listed in the fine print.
 
2) Does the $659 include the interest payments or is this just the base monthly price? What would be the actual residual of the vehicle at the end of the lease?
 
Any help will be much appreciated. Thanks in advance and I look forward to hearing from you guys!

#142 of 166 Feedback on Dealer offered by rsingleton

Nov 19, 2012 (3:33 pm)

car_man
 
I was under assumption based on what i read that residual for x6 3.5 15k was 57% for november. I think I read that a couple places. However the dealer is quoting me 56% and I do know that residuals are set by BMW FS and dealers can't change them. However, why is it that I read a couple places that it's 57% and they are saying 56%.
 
right now, i'm $1,190 over invoice with .00135 and 56%. How much lower do you think I can get to invoice base on what your saying.
 
Thanks

#143 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [metamindwerx] by Car_man HOST

Nov 19, 2012 (6:00 pm)

Replying to: metamindwerx (Nov 13, 2012 8:53 pm)
You're very welcome metamindwerx. It sounds like you did a good job in your negotiations. I don't think that you have to include all of the various fees and other charges in your vehicle's capitalized cost if you don't want to, but I usually advise consumers to do so. Consumers who pay a ton of money at lease signing are usually essentially out that money if their vehicle is totaled in an accident or stolen and never recovered. It's safer to put as little money down as possible at signing whenever possible.
 
MSDs are indeed usually a pretty good deal, particularly in today's low interest rate environment where that money would be earning next to nothing in the bank.
 
Unfortunately, I'm not all that familiar with tire warranty pricing.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#144 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [sbasu] by Car_man HOST

Nov 19, 2012 (6:01 pm)

Replying to: sbasu (Nov 15, 2012 2:03 pm)
No problem sbasu. I'm glas that I was able to help you out. See you around the boards.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#145 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [beezalee] by Car_man HOST

Nov 19, 2012 (6:07 pm)

Replying to: beezalee (Nov 16, 2012 3:15 pm)
Welcome beezalee. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
 
I can provide you with the money factor and residual value information, so all you have to worry about is figuring out an attractive selling price, which we'll get to in a second.
 
BMW Financial Services' November buy rate lease money factor and residual value for a 36-month lease of a 2013 X6 xDrive35i with 10,000 miles per year are .00125 and 59% for consumers who qualify for its top credit tiers.
 
Now back to the selling price. You can look up the dealer invoice price of the exact vehicle that you are interested in over in the New Vehicle Pricing section of Edmunds.com. Once you have that number, subtract the available $1,500 holiday cash incentive from that and add whatever dealer profit you think you can get away with, say $500 or $1,000 and there's your offer.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#146 of 166 Re: Feedback on Dealer offered [rsingleton] by Car_man HOST

Nov 19, 2012 (6:10 pm)

Replying to: rsingleton (Nov 19, 2012 3:33 pm)
Hello rsingleton. The correct residual value for a 36 / 15 lease of this vehicle is indeed 56%.
 
The deal that you were offered looks reasonable to me. I am not intimately familiar with what the market is like for the X6 right now, but if you are in an area that has a decent level of competition I wouldn't be surprised if you were able to shave a couple hundred dollars off.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#147 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [Car_man] by beezalee

Nov 25, 2012 (11:57 pm)

Replying to: Car_man (Nov 19, 2012 6:07 pm)
Car_man - Thank you very much for your help. Gonna go to the dealership this week with this new found knowledge and hopefully pull off a favorable deal.

#148 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [beezalee] by Car_man HOST

Dec 09, 2012 (8:37 am)

Replying to: beezalee (Nov 25, 2012 11:57 pm)
You're very welcome beezalee. Good luck in your negotiations. Happy Holidays!
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#149 of 166 2013 BMW XDRIVE 50i by warz00

Jan 06, 2013 (5:11 pm)

Hi Car Man - can i get money factor, residual, and incentives for the above car for 36 months, 15k miles? Thx!

Messages Page 15 of 17

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