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mikeygaga0713 06-28-2007 11:09 PM

Current Lease Rates
 
I want to order an X5 soon but these monthly payments am hearing of are scaring me off (750+ a month) is it possible to get like a 600 a month lease payment.I am interested in a 3.0 w/Premium/Technology Package.

MD11F 06-29-2007 01:03 AM

Quote:

Originally Posted by mikeygaga0713
I want to order an X5 soon but these monthly payments am hearing of are scaring me off (750+ a month) is it possible to like a 600 a month lease payment.I am interested in a 3.0 w/Premium/Technology Package.

based on a stripped down car and average residuals, I can't see (inclusive of tax) a lease payment of any less than $650/month with $3000 down payment on an X5, but then the residuals may be a lot higher than "Average" in which case it may be possible. But you're not likely going to get much in the way of miles (10000/yr).

Quicksilver 06-29-2007 03:14 AM

It's only money.................:rofl: :rofl: (Is it possible to like a 600 a month lease payment.) Is that a question or what? :rofl:


Quote:

Originally Posted by mikeygaga0713
I want to order an X5 soon but these monthly payments am hearing of are scaring me off (750+ a month) is it possible to like a 600 a month lease payment.I am interested in a 3.0 w/Premium/Technology Package.


2007-x5 06-29-2007 04:30 AM

Quote:

Originally Posted by mikeygaga0713
I want to order an X5 soon but these monthly payments am hearing of are scaring me off (750+ a month) is it possible to like a 600 a month lease payment.I am interested in a 3.0 w/Premium/Technology Package.

the msrp of an x5 like you want it its around $53,000 so in a lease that'd be like $850 a month or somthing like that

xsracer 06-29-2007 02:13 PM

Quote:

Originally Posted by MD11F
based on a stripped down car and average residuals, I can't see (inclusive of tax) a lease payment of any less than $650/month with $3000 down payment on an X5, but then the residuals may be a lot higher than "Average" in which case it may be possible. But you're not likely going to get much in the way of miles (10000/yr).

This sounds about right. On a 10k miles lease, you'd have to prepay taxes and put 3300 down to get under 600/month. That is with 2k discount off MSRP.

motordavid 06-29-2007 02:17 PM

Quote:

Originally Posted by Quicksilver
It's only money.................:rofl: :rofl: (Is it possible to like a 600 a month lease payment.) Is that a question or what? :rofl:

:iagree: ...

6 Bills plus, a month?! :rofl:
Plus ins., and 70 buck fill ups...

I see the OP is back on his X5 hunt...
Good Luck. :rolleyes:

drew 06-29-2007 10:12 PM

i'm looking into a new suv... the V8 sport with a few options comes out to over 1k for a 36 month lease... ridiculously expensive imo....

my old X5 4.4 sport at 57k was only $700 per month...

a huge increase. :(

Quicksilver 06-29-2007 10:20 PM

Easiest way to end the ridiculously expensive syndrome is pay cash. :rofl: :rofl:

Quote:

Originally Posted by drew
i'm looking into a new suv... the V8 sport with a few options comes out to over 1k for a 36 month lease... ridiculously expensive imo....

my old X5 4.4 sport at 57k was only $700 per month...

a huge increase. :(


jochet 07-01-2007 11:27 AM

I am also shopping lease rates, however I do not believe in putting any money down on a leased car. So, I'm putting all the preasure on the dealer to meet my target price. I am intersted to see what the rates will be in July. Good luck on with your search let me know how you make out.

xsracer 07-01-2007 01:02 PM

In general putting money down on the lease is a bad idea. However, it might worth it to pay taxes upfront - it seems BMW financal charges you more than other copanies. Normally, they simply take taxes and roll them into the lease. But the number comes higher with BMW for some reason. It seems like they charge something on top of that.

jochet 07-01-2007 04:07 PM

Quote:

Originally Posted by xsracer
In general putting money down on the lease is a bad idea. However, it might worth it to pay taxes upfront - it seems BMW financal charges you more than other copanies. Normally, they simply take taxes and roll them into the lease. But the number comes higher with BMW for some reason. It seems like they charge something on top of that.

I'm not sure I agree with you, although I've never done an in depth study; I have however leased over 2o cars in my short life. What I do is take the negotiated monthly lease payment and multiply it by our sales tax rate which is and ahs been the amount paid monthly. Maybe, if you have a not so honest dealer (that would be most of them) who quotes you a price inclusive of taxes, then you could be right because there would be no way to sort it all out. It's very hard to beat these guys at their game.

xsracer 07-01-2007 11:41 PM

This is only my 4th car but I'm 99% sure I know how it works - when the leasing company pays taxes for you, they don't do it for free, they charge you APR for it. So, normally, they take a total amount of taxes due, say $3000 and add it to your cap cost. Then the lease is recalculated to amount for that extra cost. This is how it worked with my previous cars (non-BMW). Now with BMW, the total came out higher by a few percent of the tax amount. I couldn't get the actual answer from a dealer other than they use a program and that what it gave them. It could be dishonest dealer but I really don't think so. More likely BMW financial services adds some percentage on those payments. It could be that their process is diffrent from other manufacturers, I honestly don't know.


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