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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 2 of 18

#5 of 166 Re: [jdl300] by Car_man HOST

Feb 24, 2009 (3:38 am)

Replying to: jdl300 (Feb 02, 2009 12:08 am)
Hi jdl300. BMW Financial Services' residual values for the X6 vary by trim level, term, and mileage allowance. You never mentioned what any of these variables are, so for now I will have to make some assumptions. Let me know if you want something different.
 
BMW FS' current residual value for a 36 month lease of a 2009 X6 35i with 15,000 miles per year is 57%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#6 of 166 by hellagrant

Mar 04, 2009 (10:40 am)

What have you guys been paying for capitol cost? Or basically the price of the X6.

#7 of 166 X6 June by 2920

Jul 02, 2009 (7:05 am)

I leased a X6 3,5 last week for 24 month and 12.000 miles.
 
The residual was 63 and I got the base rate from BMW Financial Services 0.002. I also paid the base fee in acquisition cost (fee for setting up the lease) 725$.
 
I had to leave one month security deposit to get the base rate, because I am new BMW owner. But you will get the money back at the end of lease.
 
You can find the monthly rates from BMWFS on bimmerfest.com/forums - ask a dealer.
 
The dealer tried to add to the fees and rates, but when I told him, that I knew the monthly rates, he caved in.

#8 of 166 X by antonjosh

Aug 30, 2009 (8:23 am)

Hi carman,
 
Do you happen to know the residual and mf on a x6 35 for 36 10k and 12k respectively. I went to a dealer yesterday and he said he's offering a fully loaded x6 with msrp of 69000 and invoice of 64500. He went below invoice at 62k which he is claiming but I really have a feeling hes trying to manipulate the numbers. He also integrated the lease of 1750 in the computation. Should i ask for this separately?

#9 of 166 Re: X [antonjosh] by Car_man HOST

Sep 03, 2009 (3:36 am)

Replying to: antonjosh (Aug 30, 2009 8:23 am)
Hi antonjosh. Here's the information that you're looking for. BMW Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2009 X6 35i with 12,000 miles per year are .00200 and 59%, respectively. The residual value for a lease of this vehicle with only 10,000 miles per year would be 1% higher.
 
As long as the dealer uses the above money factor to calculate your payment and gives you a selling price that you're happy with, there isn't a whole lot that they can do to trick you into paying more than you should for this truck. Let's work up a sample lease payment using the numbers that you mentioned to give you an idea of how much you should be paying.
 
According to my calculations, if you were to lease a 2009 BMW X6 35i that has an MSRP of $69,000 and a selling price of $62,000 through BMW FS right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $797. This would drop slightly to $780 for a lease with only 10,000 miles per year.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#10 of 166 BMW advertised lease deal by rac10000

Sep 03, 2009 (10:22 am)

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

#11 of 166 Re: BMW advertised lease deal [rac10000] by Car_man HOST

Sep 28, 2009 (4:10 am)

Replying to: rac10000 (Sep 03, 2009 10:22 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

#12 of 166 Re: BMW advertised lease deal [Car_man] by rac10000

Sep 28, 2009 (7:48 am)

Replying to: Car_man (Sep 28, 2009 4:10 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

#13 of 166 Re: BMW advertised lease deal [rac10000] by Car_man HOST

Sep 29, 2009 (2:36 am)

Replying to: rac10000 (Sep 28, 2009 7:48 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
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Prices Paid: Buying & Leasing Experiences Forum

#14 of 166 Re: BMW advertised lease deal [Car_man] by rac10000

Sep 29, 2009 (7:23 am)

Replying to: Car_man (Sep 29, 2009 2:36 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

Messages Page 2 of 18

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