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X5 Leasing
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#2
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Oct 2007 lease deals
http://www.bimmerfest.com/forums/sho...d.php?t=235135 |
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Quote:
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Mea culpa! I just re-read the link you posted and that was BMW Financial Services. My apologies for my senior moment!
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Just a short question about leasing in the USA.
I followed up the link to bimmerfest and was wondering about the base rates (0,00275 of MSRP). That would mean you pay around 200$ per month for a 4.8i X5 ?? Is that including down payment requirements ? For example a 4.8i for about 110.000 USD (that is the price in Germany) will go for 2200 USD per month with no down payment in leasing and the interest quote for financing is 8% per year !!!! If the 200 bucks per month are correct, I will move to the states thats great all about !!! So long Christian |
#6
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.00275 is the MF money factor. MF is the rental fee for amount of time you lease. you multiply 2400 x .00275 = 6.6% rental fee . If you check BMW's web site under shopping lease deals X5's are leasing for about $717 a month plus tax $2500 down for 36 month 10K miles a year aprox with sport and prem pack.
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#7
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Quote:
(Cap Cost – Residual Value) / Term = Depreciation (Cap Cost + Residual Value) X Money Factor = Interest Depreciation + Interest = Base Monthly Payment 36 Month – Residual 58% of MSRP – .00275 Base Rate So assuming a price of $80000 for a 4.8i and you don't pay any down payment the monthly payments would be about $1280 plus tax.
__________________
rodybmw |
#8
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Ah O.K. thanks for the information, we use lease factors in Germany showing the monthly rate. They look quite similar but are of course much higher...
Thanks again So long Christian |
#9
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The link in post #2 for the October leases from BMW Financial Services shows a money factor of .00275 (6.6% equivalent). Has anyone done better than that within the past two weeks on a 2005 X5 using BMW FS? I got what looks like a great deal - $800 above dealer invoice for the cap cost, but was quoted a money factor of .00295 (7.08% equivalent) and told that's the best BMW FS will do on a new X5. I find that very hard to believe. When I leased my 2005 X5, I got a money factor of .00165 (3.96% equivalent). I know rates are higher now, but this seems outrageous.
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#10
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Doesn't anybody lease anymore?
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