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#1
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lease deal
(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
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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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2008 X5 4.8i, Jet Black, Tobacco Nevada leather & just about everything else (no vent. seats, no 3rd row) |
#3
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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
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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
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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?
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#6
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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.
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#7
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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
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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.
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#9
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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
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Quote:
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You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist. |
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