2006 X5 lease prices
 

Hey all,

I want to trade in my 2002 x5 3.0 for a 2006 4.4L or 3.0 can someone give me the current best best prices? I am not sure how low my dealer can go and dont want to overpay

any help is appiciriated.

btw I never leased a car so any help would be great.

I was at the dealer today and there is no market support for the X5 or special lease programs really, when I bought mine back in july 2005 it was the best money factor ever

lease payment-680.00
money down-1000.00 (total drive off)
milage per year-15k plus 2k total 18k
term-39mos
msrp-55,800 or something near that

reason I use this to compare is because Chuck and I are getting a boat so before the RR (april purchase) we looked at the X5 lease then and 3 weeks ago for a 4.4i and the least payment was in the 800's with substantial money down (3500 or 4500 etc) so we gave up, it also doesn't help that the FEDs keep raising the rates which effects leases, my opinion? lease ASAP because its well known that the rates are on the rise

WOW i felt like my dealer was ripping me off anyone else got any good tips?

I say check a couple of different options before you make your decision. Personally, I've always been told never to put any money down because you will never see it again and you may want to consider an upfront lease (you basically write a check for the full term upfront), those end up being a little cheaper.

Great Deal! "blondboinsd"
Viper... I'm set to turn in my 3.0 this thurs. swapping for:
2006 BMW 4.4
no money down
$785.00 per month
Sales person(worked with him on last 3 bimmers)
asked for just bank fee and 1st month on delivery.
mileage per:10k
Premuim..
Cold..
Sport...
Rear climate... packages
19" inch Rims with Nav
msrp 63,300

I don't plan on keeping it..Just a 3 year "Loaner" till the X7 comes through.

Forecast your "needs & wants" during the next few years.
"blonds" correct there not offering any new incentives on the X5, and with the rumors swirling on the (NEW X5 or 7) either late 2007 or 2008, things will get interesting..

Ask yourself:

How many miles and more miles do i want to put in my current vehicle?
Do i want to buy now? or do i want wait another year or year in a half for the new design models?
If ya wait for the new models don't expect any discounts-or good deals for the 1st 6months or so anyways.

those were some of the things I considered.
GL to u

WOW! I guess I did pretty well then... My lease payment is $550 X month ($583 w/ tax). I didn't give one penny down ($500 refundable sec deposit). Term is 39 months. I got an '04 3.0 Calahari Beige X5 with Premium and Rear Climate? (not sure that's what it's called) packages.

Here's a tip. Don't appear desperate. Always tell the dealer you have an alternative. Find another comparable SUV and every time the dealer says he/she can't do better, tell them that you're going to go get the other truck. I used the Touareg V8. My argument was that I would get a V8 as opposed to the X5's V6 for the same price. BE NICE THOUGH! And, of course, be prepared to walk away...

Good luck!

Jose

That is a great deal with all those options... I got small problem because im trading in a car with 20,000 owed and they want to give me $15,500 for it so he is not really going down on msrp any suggestions?

I dont want to sell on my own because of the headache is doing it just want it as easy as possible..

You are getting an amazing deal would it be possible to get your dealer to offer me that? maybe you can give me his number so I can use that quote in my stealership and get a good deal too?

Hey Viper,

What city are you in? If you are in the U.S. and have a CarMax near-by, take your trade-in over there and see how much they give you vs. what the dealer has offered you. CarMax buys cars even if you don't buy a car from them. Sometimes they offer you better money than the dealer as a trade in.

Good luck!

jose

Freshmeadows NY

My 2006 X5 3.0 is on order....

MSRP $52k
$0 down
36 months, 10k miles per year
$586/month + tax

although it looks like I'm going to end up paying a bit more as I'm totally upsidedown on my trade, and it looks like I'm going to take a beating of around an additional $4k or so.

yes us kelly blue book(www.kbb.com) for a good idea on what us should be getting on trade in.

also sounds like u been getting a little pressure to put money down "slogan"..

others also benn giving great advise ..be prepared to walk away if your not getting in "love" from the salesperson.


GL

OK guys get this I went back to dealer today here is the deal they offered me now:

let me know what you all think:

2006 4.4L

Sport Package
Preimum Package
Cold Weather
19" wheels
Navigation
Rear Climate
Preimum Sound
15k miles a year
MSRP $63,880

payment $869.18 w/tax $954.29 monthly

They want first months + bank fee

I am trading in my used 2002 x5 that I owe $19,500 on and they are giving me $16,000 for my trade in how is this deal btw the lease they are working in the trade in difference so he said my lease is really less but I wanted the extra miles + my trade in.

Let me know if this is a good deal or should I shop around for a better trade in?

That seems extremely high imo. They were going for 950 a month when they first came out in 2000. The 4.8is is just over 1000 dollars a month

yeah that is high, I put in 3k of negative equity and still am in the 6's and mine was only like 7k less then yours? and I have more miles.....

Hey Viper,

They are taking you TO THE CLEANERS! I just checked the auction's website for 02 prices. 3.0's are selling for 23k and 4.4's are selling for 24k average. And, that is at auction!!! (this is what the dealer will get when they take your 02 X5 and go try wholesale it).

Go to edmunds.com and price the X5 you want. At the end it will tell you the average people are paying for the SAV (buy and lease).

Here's another good quick tip. Take the price of the car (without taxes), multiply that by 0.4 (to get 40% average X5 lease depriciation), multiply that by 1.07 (to add 7% average finance rate), divide that by 39 (number of months of most X5 leases), add sales tax (times 0.0X, X being the sales tax amount) and that should give you a good ballpark figure of where you should end up.

63,000 X 0.55 =
25,200... X 1.07 =
26,964... / 39 =
691.00 monthly payment plus tax.

So, they are screwing you in two areas: one with the car payment (most likely the interest rate). The other with the trade in (a hefty seven or grand profit).

One disclaimer... the figures above are general for X5's. Other cars depriciate differently. These figures are also based on a good credit score. If you're not at or above 700 FICA, most likely you will not get their best deal.

Hope this helps...:)

Jose

the price they gave me is $785 all the other numbers I added were my taxes and my used car.. How is a $785 lease sound?

Break out the numbers to find out what kind of deal you are getting.

We need to know:

MSRP
Capital Cost (sale price of the car)
Residual
# months
Money factor (multiply by 2400 to get the interest rate)
Drive off amount
Negative equity in the trade is $3,000--all that does, essentially, is bring the Cap cost up by that amount.

All i got was a wierd bracket from them no other break downs:

TAX 8.625
36 months
miles: 15k
$63,495
then $63,880

DOWN: 0

rate: 0.00100

residual 57%

Residual Value $36,192.15

$33800 / $869.18

Payment w/tax $954.29

A G note for lease...that is a bit rich for my taste...what is the current payment on the 02 and what is wrong with it?

Your rate is 2.4%. That is pretty good.

I am not sure I understand what the cap cost of the car is? What are you paying for the car--$63,880? The negative equity is $3,000--is that ON TOP of the $63,880? And where do you live/how is the tax due? Some states require you to pay the tax upfront (New York), while others let you pay tax on the stream of monthly payments (Connecticut). Some people like to roll the cost of the upfront tax into the lease, but then you end up paying interest on that money. But with your rate of 2.4%, there is nothing wrong with that.

Paying your 1 payment to drive off the lot, your lease is $868.54 per month without tax with a sale amount of $63,880. This does not include the tax. The low residual kills you.

I agree....lease shouldn't be over 850..and thats giving them(sales) the benefit of the doubt.

issues raised are RED flags:
you should be getting more for the trade in..imo OR the dealer should match what you owe the bank
also your 2006 package almost matches mine to a "T" and I'm picking mine up tomorrow at $785.00 and there throwing in the CD changer...

idk..I just don't know

my other advise is go to another dealer and see what they offer,but go in there "cold" don't let on that you been shopping at other spots..key is to get the deal you want and the dealer you want for service conveniences if you plan on doing warranty services.


be prepared to walk away...

]He called me just now says I have to give security deposit of $749 that is fully refundable and end of lease and also i found out value of car is $60,380 He does not want to throw in the cd changer I saw your post originally told him to match it at $785 he did and also through in an option you didnt have the premium sound..

my bad i forgot to list it...
yes i have premium Hi-fi system code(0677) it's on my sales slip
deposit sounds about right i gave $600.00

How did you get them to throw in the cd changer?

..just asked if they can throw in the cd changer....i made sure the monthly payment and other figures were set and agreed upon... then i did and "oh by the way"... kinda thing

I knew the nav system didn't have the in dash cd...so i played dumb made sure all the big stuff was taken care of, had a bout 2hrs+(even had em hold the vehicle for a day- with no deposit just so i can think it over ;)
of negotiation
then I just mentioned it.. in a matter of fact kinda tone....hell all he could of said was it would effect my montly payment increase or i would have to pay for it out of pocket on delivery...

my guy says no way no matter what where is your dealer?? Does he have anymore in stock maybe ill take a ride there?

ok found someone else in NJ AWSOME dealer willing to work with me has a car in stock all the options i wanted plus the heated steering and will throw in the cd changer price is $64000 msrp and they are willing to let it got for $875 with tax a month better options + in stock i am going to take my trade in to see what they can offer if they beat my current trade ill take it.

oh and they are giving me 2.0 intrest rate

Here's a trick you may want to try. After you negotiate your best deal, tell them you want them to play with the numbers and raise the price of the car $2k and then give you $2k more for your trade.

The bottom line for the dealer will be the same, but your monthly payment will be lower since the extra $2k on the price of the car will be residualized. The difference will be on the back end.

I don't understand....if you trade in your car for 16K should this not come of the lease price of 63K??

I leases a 3.0i with sport, premium package, xenons, rear privacy package..totaled being 52250....I wanted a low monthly (I know that it makes no sense, but this is how I like it!) so I paid 16K down and am paying 230 (incl tax) per month on a 24 month lease.....didn't want longer because the new X5 will be coming out and don't like to drive old models when I lease.
Let me know if this is a very bad deal (not that it really matters anymore, just want to know for the next time around).

Its a new month i am waiting for them to call me and see if BMW is offering any specials or incentives.

If the residual factor is 59%, it means that you pay 41% of $63k over the 3 years of the lease, and then the buyback option at the end is 59%.

The entire $16k trade value comes off the 41%, not the whole $63k. So you would be better off paying $65k for the car and getting $18k for the trade.

I just got my new 06' x5 last month.

Black on black.
2006 3.0i x5
sport package
premium package
rear climate package
NO heated seat package (it's FL, lol)
NO Navi or Park assist.

Im not sure what else I have on it, but with just tax and tags and nothing else down i got it for 612/m + tax which brings it up to like $655.21/m.

We started around 684/m. I wanted to pay $650/m.

2 hours later i drove out with what i wanted. :thumbup:

Sounds very similar to my deal ;) ... Love the Puppy - so adorable! :)

[quote=PLAYERPRO]Great Deal! "blondboinsd"
Viper... I'm set to turn in my 3.0 this thurs. swapping for:
2006 BMW 4.4
no money down
$785.00 per month
Sales person(worked with him on last 3 bimmers)
asked for just bank fee and 1st month on delivery.
mileage per:10k
Premuim..
Cold..
Sport...
Rear climate... packages
19" inch Rims with Nav
msrp 63,300

I don't plan on keeping it..Just a 3 year "Loaner" till the X7 comes through.

GL to u

Viper I gather your still holding out for the BEST Deal??
these Pic. should wet your Appetite.. I just picked it up on Thursday...
for the deal i mentioned above.

Attachment 7774

Attachment 7775

Attachment 7776

I been sleeping in the back row for the Last 2 days... LOL:rofl: :rofl:

GL if your still Hunting!:thumbup:

I just found out that playing with the trade numbers as I suggested above will not work with a lease through BMW Financial Services. Apparently they determine the residual value based on MSRP, not based on the sale price. Some leasing companies determine the residual based on the sale price, so if you bargain a better price, both your lease payment and your residual price will drop. In that case, raising both the trade value and the new car price by equal amounts will result in the lease payment dropping and the residual value rising. But that will not work with BMW.

[QUOTE=PLAYERPRO]nice ride I really like it i wish i can get one soon.

2 year lease -
2006 4.4 sport, cold, nav, 24 month - 62k msrp, 10k miles a year $789 per mo.
Got it a Greenwhich BMW from a nice guy named Bob Kaufman.
If you call him tell him Darren J sent you b/c I have sent him 3 people since so he is taking care of people for me
Good Luck!

let me know if you think this is a good deal:

x5 4.4L

cold weather
premium package
rear climate
sport package
19" wheels
adjustable ride height
heated steering wheel
heated rear seats
navigation
premium sound

NET TOTAL $63,800
Destination : $695
total: $64,495

Plus free 6 cd changer.

15k miles a year.

$16,500 for my car I owe $19,500 so they will include $3000 in to lease

total is $969 a month with taxes.

Let me know if you think this is a good deal for this car?

36 months lease.

first month, deposit and bank fees + motor vehicle fees. $2650

Let me know...

Oh and selling price is $60,495

No its not.

I m paying $667 per month $3000 down 39 month lease and 12k miles a year. and i got a fully loaded 4.4 sport with every option except the rear loading floor. It was like 64k.

39 hmm 3 months longer 12k instead of 15k this deal is zero down... I think overall it is very similar because of the negative equaty.

also are you paying $3000 on top of the first month and bank fee or is it the fees that u are counting?

My 3000 down was the total i put down. 3months is nothing it barely makes a difference in lease prices. if you could get a lower rate for 39 months why not go an extra 3 months. And the 12K versus 15k miles a year is only a 30 dollar a month difference. so my payment would have been 697 with 15k

seems like a very good deal u have but I think its not going to work for a 2006 your profile says you have an 04?

I got mine brandnew in 2004 and 2006s should have even better deals. When i got mine it was just facelifted and they were selling really well at the time. With the 2007s coming in september the 2006s should be offering some of the best deals ever on an E53. Definately better than what i got back in 2004. So im not sure what you meant when you said the deal i got will not work for a 2006. to me you should get an even better deal on a 2006 than i got on a 2004 at the time. Im not sure what your reasoning is. Please explain.

Maybe money factors are different today?

I am in a similar boat....my current X, 3.0 03 48K is showing some problems. i have 20K left to pay...i have checked the values and the avg trade in value for my car is at around 26K now...for me anything above 20k is good but the closer to 30K is better...Now..the service guy that i see all the time said hell vouche for me that the car is just having to many problems so that the dealer will work with me to trade it in for a 330 i or xi and at my dealer the 330i with nav etc is set at 39K so do you gusy think its a wise decision to trade and get a new car for the time being considering that my X is about to run oout of warrenty and taht means i would spend about 4K to get additional warrenty and who knows how the X is going to behave in the future..so i figuered if i can trade for 28K or so and the 20 will cover the 20 that i still owe and the 8 will go down on the new car and thatll make my montly payment in the 5-6 hundrets better than the current 890 for the X...and ill have another 4\50K warranty and a new car also?

If you a re in NY, NJ, CT

I finally got the best deal for a BMW x5 4.4

Essex BMW Ask for Helen Ng 973-748-8200 ext: 64

She took care of me from start to end definatly give them a call if you want a good deal plus excellent customer service.

Tell her Ray sent you and you wont be disapointed.

VIPER post the lease deal please here or pm me

Ill post pictures this week its black on black with all the options looks awsome i love my 4.4L

:2thumbs: Black on black is the best!

I meant the lease details LOL
down payment - msrp - buyback - monthly fee ect....miles per year?

Thats exactly my point. The money factors are different now than in 2006. They are lower. So you should be able to get an even better deal than i did.

Dinan you still ordering an 06 with all the pics out of the replacement ?

July
 

The best lease deals are normally in July.

Last year the residual was the same for 39 mth lease as 36. and they reduced the money factor.

yea. Im 99% sure that i am still getting an 06. But nothing is ever for sure so you never know. By the way did i here you are getting rid of your X5 already. You barely had it a couple of months. What happened?

Wouldn't viper have gotten a much better deal if he just sold his car rather than rolling the negative equity into a lease? I am thinking of doing a two year lease on an 06...I own my 04 outright...it makes more sense to sell it outside of the dealer, right?

Buying 06, it might make sense to trade and save sales tax...yes?/no?

Two other things...this has been a very informative thread and Michelle's avatar is a huge :thumbup:.

I am trying to sell my 02 911 TT and get the new 997 TT, if I do I cant really justify the X as well and would downgrade back to a cherokee if i can swing the 997 TT but it doesn't seem like it is working out, but like you say - you never know!

2006 (5/2006 production) with every single option, except the slide-out cargo floor, with special Imola Red paint ($2,500 premium)...3.0...6 speed manual for $670/month (includes tax) with $2k down. I believe the sticker was $61,XXX

My lease was a 24 months lease with 10k miles per year,
$789 per mo
$1750 total drive off (out of pocket)
X5 is a 2006 4.4 sport with nav, cold weather, dsp premium sound.
I think this was a good deal since it is just a 2year-er

Hope this helps anyone else shopping around:thumbup: