What should I pay?

[robotrenegade]

Looking at building a 2015 X5d at 80,000.00

3,500 down
3 year lease
12,000miles a year

[Overtaxed]

Originally Posted by robotrenegade

Looking at building a 2015 X5d at 80,000.00

3,500 down
3 year lease
12,000miles a year

80K list or purchase price?

Never put anything down on a lease. If you want to put something "down" do multiple security deposits, not a down payment.

Ballpark with nothing down but the first month's payment? Somewhere between 1100 and 1200 per month would be the range I'd expect.

[robotrenegade]

Originally Posted by Overtaxed

80K list or purchase price?

Never put anything down on a lease. If you want to put something "down" do multiple security deposits, not a down payment.

Ballpark with nothing down but the first month's payment? Somewhere between 1100 and 1200 per month would be the range I'd expect.

80 was purchase

[Buckerine]

Originally Posted by robotrenegade

80 was purchase

What was MSRP? Can't calculate lease numbers without MSRP.

[robotrenegade]

Originally Posted by Buckerine

What was MSRP? Can't calculate lease numbers without MSRP.

There selling it for list

[Buckerine]

You're in the 1200/month range if you're buying at list. In the 1100 range if you max our the security deposits.

But, you surely can get a much better price if you shop around. Since you're in South Carolina, you may even want to consider leasing through an out of state dealer and doing Performance Center Delivery in nearby Spartanburg.

[BMWMN1971]

When you say "never put anything down on lease" what exactly you mean by that? I usually put a "down payment" that covers first month payment, sales taxes and license/fees. In my current lease of a $65k car that was around $3k. Is this what you call down payment?

Originally Posted by Buckerine

You're in the 1200/month range if you're buying at list. In the 1100 range if you max our the security deposits.

But, you surely can get a much better price if you shop around. Since you're in South Carolina, you may even want to consider leasing through an out of state dealer and doing Performance Center Delivery in nearby Spartanburg.

[Buckerine]

Originally Posted by BMWMN1971

When you say "never put anything down on lease" what exactly you mean by that? I usually put a "down payment" that covers first month payment, sales taxes and license/fees. In my current lease of a $65k car that was around $3k. Is this what you call down payment?

Down payment refers to a chunk paid upfront to reduce the capital cost. Different concept from payments due at lease signing (which includes the items you mentioned).

The reason it makes no sense to put money down is because that money is gone if the car ever gets totaled. Money from insurance goes to BMW.

The better way to achieve a similar effect (ie,, lower monthly payment) is to pay security deposits at lease signing. These security deposits are fully refundable at lease end. Basically, in return for lending money to BMW, they lower the money factor on your lease. You can pay up to 7 months' worth of security deposits.

[robotrenegade]

Here's what I got.
80,000 build
Sold it for 75,000
12,000miles
3 year lease
Nothing down
1,100.00 a month

[///SAL]

These monthly quotes are nuts, thats my m5 payment right now

[gamedemon]

Originally Posted by robotrenegade

Here's what I got.
80,000 build
Sold it for 75,000
12,000miles
3 year lease
Nothing down
1,100.00 a month

Sounds right if you are rolling taxes etc in according to my lease calculator.

[CJ_LO]

Does US get better lease deals? Im in Canada.

An M3 with msrp of 85295. Nothing down. Monthly 1671 including taxes. Interest rates of 5.9.

Guess have to work harder for some years.

[Barbja]

Originally Posted by CJ_LO

An M3 with msrp of 85295. Nothing down. Monthly 1671 including taxes. Interest rates of 5.9.

FIVE POINT NINE ??? Oh my gosh.

[CJ_LO]

Originally Posted by Barbja

FIVE POINT NINE ??? Oh my gosh.

I guess i kinda figured out the answer to my own question. 5.9 percent interests rate + 15 percent sales tax.

[robotrenegade]

Originally Posted by gamedemon

Sounds right if you are rolling taxes etc in according to my lease calculator.

What calculator do you use?

[greentrbo95gst]

We got a x5d with msrp of 80 and selling price of 70. There is still room. Also got a check back form BMW CCA for 1k so we actually paid 69k. Just food for thought.

[Snow-Kidney]

Originally Posted by greentrbo95gst

We got a x5d with msrp of 80 and selling price of 70. There is still room. Also got a check back form BMW CCA for 1k so we actually paid 69k. Just food for thought.

Nice deal. I'm nearby. Sent you a PM for help.