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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 17

#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
Host
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
Host
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

#15 of 166 X6 5.0 by roadking1

Oct 11, 2009 (8:40 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

#16 of 166 Re: X6 5.0 [roadking1] by Car_man HOST

Oct 21, 2009 (2:57 am)

Replying to: roadking1 (Oct 11, 2009 8:40 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

#17 of 166 Re: X6 5.0 [Car_man] by vwang

Nov 27, 2009 (12:03 pm)

Replying to: Car_man (Oct 21, 2009 2:57 am)
What are the November Lease rates for a 2009 X6 5.0? I found a great deal on a 2009, but their lease rates seem higher than what I would expect.
 
Thanks!!

#18 of 166 Re: X6 5.0 [vwang] by Car_man HOST

Dec 04, 2009 (4:18 am)

Replying to: vwang (Nov 27, 2009 12:03 pm)
Hi vwang. Through the end of the year, BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2009 X6 5.0 with 15,000 miles per year are .00235 and 58%, respectively.
 
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

Messages Page 2 of 17

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