06-23-2015, 02:37 PM | #661 |
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Hello,
My first post. Looking to lease a X5D in NJ. This is the deal I am offered, what you all think? $765 X 36 @ 15,000 miles per year. MSRP $65,650, sales price - $59,850, Invoice - $61,050. Due at sign tax $2,018 NJ, acquisition fee ($795), registration ($337.50 ), supplemental title fee ($240), doc fee ($349) and first payment ($765) |
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06-24-2015, 01:42 AM | #662 |
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What are the quotes on your money factor/residuals?
I calculate rough payment of 756 with 57% and .00128 mf, which is right in line with your quote. Seems like a good deal to me. However, can you roll all those fees and taxes into the lease? You won't be able to roll in the first payment obviously. A rule of thumb for leases: [ ( 1 / Lease Term) + MF ) * extra amounts you roll in ] is the monthly increase in your payment by not coming out of pocket now. It will raise your payment about $110/month, which is $3,925 over the life of the lease (110 * 36 months). [ (1/36)+.00128) *$3,750 = 3,925. ] But you'd be saving $3,750 at signing. Basically, it will cost you $175 over 3 year period to keep that money. But that's just me, I roll in as much as I can when doing a lease, especially when the money factor equates to a 3% interest rate (money factor / 24 = interest rate). |
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06-25-2015, 08:46 AM | #665 |
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Ordered a 2015 X5 35d M Sport 4 weeks ago, and picked it up this week:
$850 X 36 @ 10,000 miles per year. Lease: Money Factor .00128 with a 59% residual MSRP $77,325 Sales price $69,210 Invoice $71,710 The sales price includes: $1,000 Team USA Voucher and $1,000 BMW CCA Rebate Lease acquisition fee of $995 (marked up) included in lease payment Down payment: $2,000 First Lease Pmt: 850 Doc Fee 699 Title, Tags 225 Total @ Delivery $3,774 Last edited by olneymd; 06-25-2015 at 08:49 AM.. Reason: error |
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07-08-2015, 03:16 PM | #668 |
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I am looking to lease X5 35d in DFW area, TX and here is what the dealer quoted:
The residual for 12K miles for July is 57%. $3,000 cap cost reduction MSRP - $73,145 Sales Price - $67,945 (include $1000 BMW drive incentive) 7 - MSD's ($6,650) MF .00121 Payment $926 What do you guys think? Thanks! |
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07-08-2015, 04:07 PM | #669 | |
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Why are you paying down the cap cost? A lot of dealers are close to 10% off, minus incentives, minus cap cost reductions, etc., which should put you in the 63,9k sales price range. MSD's are a good idea provided it makes financial sense for you, although your MF seems high with 7 deposits. What lease term is this for? Good luck with your lease!
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07-08-2015, 04:49 PM | #670 | |
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BASE MSRP $57,700 Imperial Blue Metallic $550 Terra Dakota Leather $0 Poplar Wood Trim $0 Driver Assistance Plus $1,900 • Driver Assistance Package $1,400 • ACC Stop & Go + Active Driving Assistant $1,200 Dynamic Handling Package $4,500 Premium Package $2,550 Dynamic Damper Control + rear axle air suspension $0 Aluminum running boards $400 Comfort Rear Seats incl. backrest angle and fore/aft adjustments $500 Multi-contour seats $1,300 Space-saver spare $150 Destination & Handling: $995 The dealers in the Dallas area are difficult to negotiate with for some reason. Thanks for your response. Neal |
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07-08-2015, 04:57 PM | #671 | ||
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BMW MF is currently .0013. Also I assumed 8.225 as your tax rate as I don't know what it is. Also includes bank fee (lease origination) and dealer doc fee. All guesstimated of coarse. Below is how your deal pencils out, or doesn't, according to how you have it listed:
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07-08-2015, 05:25 PM | #672 | |
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There seems to be a bit more room to work with the dealer. I'll keep trying. Thanks for the help. Neal |
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07-08-2015, 05:27 PM | #673 | ||
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07-08-2015, 05:44 PM | #674 |
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07-08-2015, 05:57 PM | #675 | |
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07-08-2015, 06:23 PM | #676 |
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Perfect. It is in line with what the dealer said - $926. However, the MF they are using is .00121, which is quite high.
I just asked for the cost breakdown and here is what they are adding: Destination and handling: 995 Vehicle Inventory tax: 127 Lic and Doc fees: 277 Neal |
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07-08-2015, 06:43 PM | #677 | |
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BMWFS MF for July is .0013. If you buy it down with 7 MSD's, the MF should be .00081.
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07-10-2015, 09:19 AM | #678 | |
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07-11-2015, 03:35 PM | #679 | |
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I have couple of months before my current lease expires. So, I can wait till the end of the month to see if they would budge. For the MSRP of $73,795, I have the Dallas (AutoNation) down to $887/month. |
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07-13-2015, 02:12 PM | #680 |
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2016 X6 custom order best $?
In the process of ordering a 2016 X6 35i, best email offers I have received back are all -$2,000 below MSRP. Anyone having better luck getting closer to invoice?
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07-13-2015, 09:21 PM | #681 |
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X5 Boston area
All,
First post so hang with me..... Looking to pick up an X5 xDrive in the Northeast (ideally boston) on a 10K lease, 36 months. Ideal set up is Base + backup camera and metallic paint (silver/grey/blue) and sensatec. Could MAYBE go for cold weather package. Best deal I have been quoted so far seems WAY OUT MSRP - 58,100 Selling - 54,500 MF 0.00150 (all I have read is 0.0013 for best credit for July 2015) Money down - First payments and government fees only Tax rate 6.25% $790 all in....I plan to do 8 MSD's that SHOULD get me to ~731 tax in.... Good deal? I see all of this under invoice talk...HOW???? George |
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07-14-2015, 03:43 AM | #682 |
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Guys,
Apologies for not replying to individual PM's. Some of the guys sent me PM where I bought custom order X5 on 12% discount. Dealer was Wide World BMW in New York. I went to true car and priced my car there. True car showed at that time (in Nov end last year) significant discount close to 11%. I sent mail to what ever email was printed on truecar certificate. One of the CA called and I agreed on price and put the order in. On delivery I used my UDE and hence it was close to 12%. There are few guys on this forum who bought from WW BMW. They also agreed WW is very aggressive on pricing but they sucks in customer service. After you take delivery, they don't even know you and they lie a lot I got BMW credit card that I never signed up for it. You can pick any CA from their website. My CA was Brian. Thanks Abhi |
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