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  #1  
Old 10-30-2008, 02:47 PM
SPAMMER
 
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2007-x5 is on a distinguished road
lease deal

hello,i went to the dealership trying to lease a new 2009 x5
(btw the new name is xdrive30i) and this is the deal they gave me...and i just want to know if these numbers are still inside the protocol;like if they are not trying to steal me a lot or something like that;i mean i know if i shop around i could get a better deal but it seems an ok deal to me....

MSRP:$57,000 (and $60,000 including taxes)
DOWN PAYMENT:$4000
MONTHLY PAYMENT:$960


THE LEASE TERM IS FOR 36 MONTHS WITH 15,000 MILES

TOUGHTS?

Last edited by 2007-x5; 11-01-2008 at 10:52 AM.

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  #2  
Old 10-30-2008, 06:57 PM
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Looks like a real crappy deal, but impossible to tell with the details provided:

-any trade in equity or deficit to roll into the new lease?

-taxes, fees?

-residual seems very high for 36/15K - s.b. more like 55%

-money factor? on an '09, probably high, like 0.0027

Even with all this, you'd still get a payment that is much lower than $960
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  #3  
Old 10-30-2008, 08:03 PM
SPAMMER
 
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2007-x5 is on a distinguished road
the residual should be 55%?but doesnt bmw lease rate says 58% for the x5? i saw that info on bimmerfest...and taxes are about $3500...
how much do u think i should be paying monthly for a decent deal?
  #4  
Old 10-30-2008, 08:18 PM
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the residual on X5 is at 59 right now, i just came back from the dealer, we've picked up an 08 X5 since our 05 is up on lease.
$960/m with 4000 down does sound like a pretty crappy deal since basing on $57K price tag is not even that loaded.
For $960/m you should be looking at a $63K+ fully loaded vehicle. also don't forget you're paying $4K down, each grand buys you down about $30/m.
  #5  
Old 10-30-2008, 08:26 PM
SPAMMER
 
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2007-x5 is on a distinguished road
so residual right now is at 59%? so if you add taxes and fees and all that bs to the residual then the residual would be about 63 or 64% right? and thats what my residual is at my lease deal...am i missing something here?
  #6  
Old 10-30-2008, 08:36 PM
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i'm not exactly sure how the residual is figured. i'm just telling you what the dealer has told me. also don't forget about the apr. right now there's a deal special with 0.9%, it will be going back to 1.9% soon.
  #7  
Old 10-30-2008, 08:46 PM
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2007-x5 is on a distinguished road
yeah i know about the 0.0 special but thats for the 2008 models and im looking to get a 2009 ...to answer your question the residual is figured like so: monthly payment x lease deal term + down payment / msrp

so in my case is 960 x 36 + 4000 divided by 57000 wich is 67% residual
  #8  
Old 10-30-2008, 08:56 PM
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This is exactly the reason why I don't lease--too many "factors". I'm not an expert on leasing but if you put $4K down on only a $57K vehicle and it's still $900 a month that seems pretty high.
  #9  
Old 10-30-2008, 10:22 PM
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That seems like a really bad deal, especially with such a high cap cost reduction. You should never do a cap cost reduction on a lease, since you lose that if the car is lost.

Still, without the actual selling price/capitalized cost, we can't figure out where the dealer is ripping you off.
  #10  
Old 10-30-2008, 11:07 PM
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Quote:
Originally Posted by 2007-x5
hello,i went to the dealership trying to lease a new 2009 x5
(btw the new name is xdrive30i) and this is the deal they gave me...and i just want to know if these numbers are still inside the protocol;like if they are not trying to steal me a lot or something like that;i mean i know if i shop around i could get a better deal but it seems an ok deal to me....

MSRP:$57,000 (not including taxes)
DOWN PAYMENT:$4000
MONTHLY PAYMENT:$960
RESIDUAL: 64%


THE LEASE TERM IS FOR 36 MONTHS WITH 15,000 MILES

TOUGHTS?
ripoff
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