BMW X5 Lease
#1
Formerly Bad Co
Thread Starter
Join Date: Dec 2013
Location: Chicago
Posts: 1,041
Likes: 0
Received 0 Likes
on
0 Posts
BMW X5 Lease
I went to check out a BMW X5 today,
I picked the following options
Xdrive 35i
X Line
Mineral White
Mocha Dakota Leather
Cold Weather Package
Drivers Assistance Plus
Drivers Assistance Package
Premium Package
Car totaled to 66,600
36 Mo x 22K miles a year
They wanted $1082 a friend a dealership across town got it to $1,029,
Is there room for negotiation or is this a deal?
I picked the following options
Xdrive 35i
X Line
Mineral White
Mocha Dakota Leather
Cold Weather Package
Drivers Assistance Plus
Drivers Assistance Package
Premium Package
Car totaled to 66,600
36 Mo x 22K miles a year
They wanted $1082 a friend a dealership across town got it to $1,029,
Is there room for negotiation or is this a deal?
#6
Lead Lap
Smart choice. In that case the lease deal seems about right given the high mileage. Have them throw in a wheel/tire warranty and call it a day ( can't remember if the xline has low profile tires).
#7
I really don't know why people insist on asking if a deal is good when looking solely at monthly payments.
In order to properly examine a lease deal you need to consider MSRP vs Selling Price, and the residual and money factor that you're getting.
Are you utilizing BMW's Multiple Security Deposit option to buy down that money factor rate?
22K miles a year... is that really ideal for a lease?
Luckily Illinois finally changed their tax laws on leases.
In order to properly examine a lease deal you need to consider MSRP vs Selling Price, and the residual and money factor that you're getting.
Are you utilizing BMW's Multiple Security Deposit option to buy down that money factor rate?
22K miles a year... is that really ideal for a lease?
Luckily Illinois finally changed their tax laws on leases.
Trending Topics
#8
Lead Lap
I really don't know why people insist on asking if a deal is good when looking solely at monthly payments.
In order to properly examine a lease deal you need to consider MSRP vs Selling Price, and the residual and money factor that you're getting.
Are you utilizing BMW's Multiple Security Deposit option to buy down that money factor rate?
22K miles a year... is that really ideal for a lease?
Luckily Illinois finally changed their tax laws on leases.
In order to properly examine a lease deal you need to consider MSRP vs Selling Price, and the residual and money factor that you're getting.
Are you utilizing BMW's Multiple Security Deposit option to buy down that money factor rate?
22K miles a year... is that really ideal for a lease?
Luckily Illinois finally changed their tax laws on leases.
#9
Lexus Fanatic
iTrader: (20)
so if $1082 for 22k mi./yr
let's suppose it's $782 for 12k mi./yr
so that's $3600/yr for $10k mi or 36c a mi.
seems expensive?
let's suppose it's $782 for 12k mi./yr
so that's $3600/yr for $10k mi or 36c a mi.
seems expensive?
#10
Lexus Fanatic
X5s don't lease very well in general. Helped two friends last year negotiate deals on them, leases aren't great. 5 Series leases MUCH better at similar price points. $780 for 12k miles a year is actually low. That car will be in the mid $800 range even with 10-12k a year mileage.
Never lease a car with 22k miles a year. You're better off to just buy that car. If you're driving 22k miles a year you really shouldn't be leasing. 5 years at 1.9% interest payment is $1,156.54. If you lease for a business tax deduction the X5 qualifies for the bonus depreciation being over 6,000 lbs GVWR, so you'd be better off buying anyways.
Never lease a car with 22k miles a year. You're better off to just buy that car. If you're driving 22k miles a year you really shouldn't be leasing. 5 years at 1.9% interest payment is $1,156.54. If you lease for a business tax deduction the X5 qualifies for the bonus depreciation being over 6,000 lbs GVWR, so you'd be better off buying anyways.
#11
Lexus Test Driver
X5s don't lease very well in general. Helped two friends last year negotiate deals on them, leases aren't great. 5 Series leases MUCH better at similar price points. $780 for 12k miles a year is actually low. That car will be in the mid $800 range even with 10-12k a year mileage.
Never lease a car with 22k miles a year. You're better off to just buy that car. If you're driving 22k miles a year you really shouldn't be leasing. 5 years at 1.9% interest payment is $1,156.54. If you lease for a business tax deduction the X5 qualifies for the bonus depreciation being over 6,000 lbs GVWR, so you'd be better off buying anyways.
Never lease a car with 22k miles a year. You're better off to just buy that car. If you're driving 22k miles a year you really shouldn't be leasing. 5 years at 1.9% interest payment is $1,156.54. If you lease for a business tax deduction the X5 qualifies for the bonus depreciation being over 6,000 lbs GVWR, so you'd be better off buying anyways.
Plenty of great deals available.....just not at 22k miles per year
#12
Lexus Fanatic
Both of them got great deals on the purchase price of the cars, the issue was the lease terms weren't very good.
#13
Lexus Test Driver
22k miles per year makes this something not worth leasing. You will be paying out more $ in the end if you add it all up.
#14
Lexus Test Driver
This applies to all car makes......
Residual on X5 is 60% + now, so plenty of deals avail.......
#15
Lexus Fanatic
36 months, 10k miles 62%...thats okay but the MF is .0038...which is terrible.
36 months, 15k miles 56%...which is not very good, MF is .00125 which is still not very good. Thats the same MF and residual that it was when I helped him shop for his. He wound up buying it.