lease deal

[2007-x5]

so according to you guys...how much are they trying to steal me overall? like in the 3 year deal how much money am i gonna lose more than the reguar deals?

[us_matrix]

Horrible deal I ever seem! It should be $700 or less

[2007-x5]

Originally Posted by us_matrix

Horrible deal I ever seem! It should be $700 or less

wow, i think no dealership would lease a $60,000 x5 for 700 a month...thats like 44% residual wich is crazy low..not even bmw's own residual is that low

[BGM]

According to the current deals on leases on BMWUSA it says $559/36 months on a MSRP of $50K with $2,850 down on an '08. So whatever that translates to on the '09s I don't know. I would still think it wouldn't be any more than $800/month max even if you are getting an '09 at $57K MSRP.

[2007-x5]

Originally Posted by BGM

According to the current deals on leases on BMWUSA it says $559/36 months on a MSRP of $50K with $2,850 down on an '08. So whatever that translates to on the '09s I don't know. I would still think it wouldn't be any more than $800/month max even if you are getting an '09 at $57K MSRP.

yeah but keep in mind that those deals shown on bmwusa does not include taxes,fees nor interest rates;so that adds up a lot more...and thats what i think a lot of people are missing that when you lease you still have to pay taxes and they still charge you interest rate and a very high interst for that matter...i think they charge you like more than 7% interest when you lease....
and the lease deal i posted on the first page allready includes everything(taxes,fees,interest rate,etc)

[Thunder22]

Originally Posted by 2007-x5

wow, i think no dealership would lease a $60,000 x5 for 700 a month...thats like 44% residual wich is crazy low..not even bmw's own residual is that low

I just leased an 08 X5 3.0, $52,500k sticker, $46,500, nothing down, paid taxes and fees up front, $650/month, 3 year lease, 10k miles a year.

[mavic1010]

The calculation is more than just the residual. Their are a few moving pieces. MSRP, Cap Cost, Cap Cost Reduction, Residual, Money Factor and Terms. Ask the dealer for all these and you can easily determine your lease rate. I have a spreadsheet model that does this, and at most it is off by $.01 on the monthly rate. And yes, it frustrates the sales person when I walk in with my laptop.

[2007-x5]

yeah its a pain in the ass all the bs that goes with leasing but to answer you question on why i dont prefer financing vs leasing ...listen at the end of the day its the same shit,i mean u still gonna lose money on both cases;if i finance for 60 months and after those 60 months i paid well over $60,000 on the x5 and lets say i wanna sell it because i dont wanna have a truck for more than 5 years; how much could they possibly give me for that truck? $20,000 or 25,000 at the most? i mean u still be losing like $40,000....so u get the point why i dont prefer financing?

[BGM]

Over the same 5 year period on a finance at $900/month costs you $54K. If you lease for 36 months on one car and then do another lease for 24 months (to make it apples to apples in timeframe) for $900 you spend that same $54K. But at the end of the finance you have probably $25K in equity and no car payment. With the lease you have nothing. That's why with the .9% financing you don't have to chew down the interest rate over time or have to put down a payment to bring the payment down--it's a great deal. I could see it the other way around when rates were at 6%--you could lease the same car and have a smaller payment vs. finance.

[2007-x5]

well yeah you do have $25k at the end of the finance but thats because u allready paid the full cost of the truck wich was 60k and if you lease you dont have to pay the full cost of the truck cuz you pay just about a little less than $40k and the other 25k you didnt even pay it and just about the lease term is over after 36 months,you get another brand new car so....