Lease quotation on 07 3.0

[MichX5]

Here is the latest my salesman told me

" I checked on the X5 this morning and it looks
like it will be here next week. I figure BMW will give us some better lease
rates pretty soon as everybody has recognized that the numbers that are
currently out there are pretty ridiculous.

I'll touch base with you by the end of the week to give you another update. "

[blondboinsd]

Yeah this always happens with a new car, they simply do not provide an incentive on the lease=higher payment

[06SapphireX5]

Here are the December Lease Rates for the new X5.

2007 BMW X5 4dr Wagon 3.0si / Compare Instant Lease Quotes

24 mo/15k mi – Residual Value 69% of MSRP – .00322 Base Money Factor Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00322 Base Money Factor Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00322 Base Money Factor Rate

2007 BMW X5 4dr Wagon 4.8i / Compare Instant Lease Quotes

24 mo/15k mi – Residual Value 64% of MSRP – .00322 Base Money Factor Rate
36 mo/15k mi – Residual Value 53% of MSRP – .00322 Base Money Factor Rate
48 mo/15k mi – Residual Value 37% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 30% of MSRP – .00322 Base Money Factor Rate

With these rates on an X5 3.0si with Prem, Cold Weather, Rear Clim, Tech Pkg and Sat Radio, MSRP $55340 and no discount, I get 36m/15k yr at $927w/o tax and 24m/15k yr at $1015.

I have an 06 3.0 with PP, CW, RC, Auto, Heated rear, heated wheel that is only $660/mo w/7.5% tax. I would have a hard time swallowing that kind of lease pmt difference to step into a new one.

Without a single option, it is still in the $780 range w/o tax.

[Boston X5 4.4]

Thats crazy money. I guess that what ya gotta pay to have the first ones on the block.

[MichX5]

So with $1000 off msrp, $2000 down, 12k miles, 36 months what am I looking at?

[drew]

bmw is banking on the "got have it now" / "1st guy on the block" individuals. in 3 months the lease payments will go down $300++. this happens will all new cars.

my wife looked at the 530i sport pkg'd wagon when they 1st arrived to the dealers... $1,200 per month for a 36 mo lease. 6 months later high $700's.

[818Guy]

Originally Posted by gl996turbo

My sales told me a 07 3.0 with sticker price at $55K i can lease it for $1080 included tax. Min. drive off. $2K. 10K per year.

What you guys think?

I see you're from Los Angeles. What dealership told you this?


.

[06SapphireX5]

Originally Posted by MichX5

So with $1000 off msrp, $2000 down, 12k miles, 36 months what am I looking at?

You add 2% for 12k mi and 3% for 10k mi.

Makes your payment w/o taxes about $810/mo on the same $55340 X5.

[gl996turbo]

Originally Posted by rangerfan

Without knowing how many months the lease is, I cannot answer your question. If it is 36 months, and assuming a residual of $26,500, your rate is almost 10.4%. Ouch! With a $35,000 residual, your rate is almost 16%. This could be the worst deal I have EVER seen! Other than the 5 years lease my sister-in-law had on her used C230 10 years ago.

36 month lease term.

[gl996turbo]

Originally Posted by 818Guy

I see you're from Los Angeles. What dealership told you this?


.

Assael BMW. (Wholesale manager)