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      06-18-2018, 10:51 AM   #1
coyotejohn
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2018 x35i lease

Hi new prospective BMW owner here. I was curious to see what kind of deal I am getting. Never owned a BMW before so new to their lease program.

Numbers for lease are:

Book Value: 74,035.00
Net Price: 67,932.00

36 mo/5k down: 834/mo

How do these numbers seem?

Thanks!
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Last edited by coyotejohn; 06-18-2018 at 03:11 PM..
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      06-18-2018, 05:36 PM   #2
trotsky
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Nice car but seems high, but not sure what area you are in? You should neg at least 15% off MSRP, so it should be around $600/month before state sales taxes.

My friend just got almost 16% off last week on in stock 2018 X5 in NJ with all the rebates etc. They want to move them before the new model.

I would make sales tax monthly, only put the acquisition fees + doc fees down around $1500. Also check if MSD's are available as they are back in NJ, rather than putting cash down on the lease, as MSD's lower your interest rate by almost 1% and you get them back in 3 years.

Also with around $1500 down you should be ballpark right around $700/month before state sales tax.
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      06-19-2018, 11:56 AM   #3
jo2134
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This is very expensive.

I just got into a $75,910 X5 for $4650 out of pocket and my monthly payment is $709.85 so my msrp is nearly 2k over and the monthly is over $100 less per month.

If you have questions feel free to dm me.
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      06-19-2018, 12:33 PM   #4
coyotejohn
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[QUOTE=trotsky;23345759]

I am in Nashville, TN. Yeah unfortunately they really do not like going down for anyone around here. Originally thinking it was because I have never leased a BMW before but others seem to get about the same numbers that I have gotten. I see that the program has the Eastern Region as part of their revival. Not sure if TN is deemed that? Something to ask the salesman.

I was figuring around $700 from seeing what others are getting for more or less the same model and packages. So I was intrigued to see those numbers.

It also seems that BMW dealers truly do not like to negotiate only unless it is with facts. I cant remember the RV off the top of my head; I will have to find that in the paperwork.
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      06-19-2018, 04:46 PM   #5
trotsky
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I would negotiate the final price of the car, the rest is just math based on numbers that BMW puts out. Looking at your quote, they are doing something strange with either the MF or residual IMHO, below are the numbers for June leases:

59% residual for 10K/year miles.
MF=.001666.

BMW fees are $925 and then the dealer charges doc fees, etc. I would also download Truecar and see what the avg % discount is in your area for the same car, as that can help in negotiations.
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      06-23-2018, 05:06 PM   #6
metalblaze
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Quote:
Originally Posted by jo2134 View Post
This is very expensive.

I just got into a $75,910 X5 for $4650 out of pocket and my monthly payment is $709.85 so my msrp is nearly 2k over and the monthly is over $100 less per month.

If you have questions feel free to dm me.
I’m very interested - will DM you.
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