2014 X5 Lease Deals??

[wrr14f]

Originally Posted by dave70

A down payment is a capital cost reduction. The 4k referenced is most likely sales tax, Acq/bank fee, DMV fees and first month payment. You can then choose to roll the sales tax into the monthly payment if you want.

I know perfectly well how leases work, that's why I said that all the fees you mentioned do not and cannot amount to 4K.

[leasehackr]

Originally Posted by GOLFFRR

You will have to shoot over your build specs to David Aviles and he can shoot you a quote. I am not sure what he currently selling them for but knowing David they are great deals!

I thought you are a dealer posting your own ad.

[leasehackr]

Originally Posted by garylamusa

2014 X5 x35i
36 mths & 12k/yr

MSRP: 63875.15
Negotiated: 59242.61 (7.25% off MSRP)
Acq fee: $925
Down: 262.54
fees, taxes and 1st month due at drive-off

$703 per month

This is pretty good deal.

Did you get production order number? which week?

[GOLFFRR]

Originally Posted by abhiku

I thought you are a dealer posting your own ad.

I am a dealer. David is our sales rep. We have sponsored this forum since 2009 hooking up members with great deals and service. I posted to offer any help or guidance on deals by emailing your questions or deals to David. David sets his own pricing, we give him free run of his department.

[darksilkx1]

Originally Posted by GOLFFRR

You will have to shoot over your build specs to David Aviles and he can shoot you a quote. I am not sure what he currently selling them for but knowing David they are great deals!

GOLFFRR, I'll PM you regarding this.

[GOLFFRR]

Originally Posted by darksilkx1

GOLFFRR, I'll PM you regarding this.

of course. Anytime just shoot me a pm.

[LowerEast]

I just ordered mine last week. Build scheduled for week 9.

2014 X5 xDrive35i - $55,100

M Sport - $4,600
Carbon Black Metallic - $550
Mocha Dakota Leather - $0
Poplar Wood Trim - $0
Cold Weather Package - $550
Driver Assistance Plus - $1,900
Driver Assistance Package - $1,400
ACC Stop & Go + Active Driving Assistant - $1,200
Premium Package - $2,700
Rear manual side window shades - $250
Adaptive M Suspension - $900
Destination & Handling - $925

Total MSRP as Built $70,075

Invoice price - $64,960

Selling price - $65,460 (invoice + $1,000 less $500 drive credit)

Lease with $0 down came out to something like $775 with base money factor.

[garylamusa]

Originally Posted by abhiku

This is pretty good deal.

Did you get production order number? which week?

Ordered end of last october and picked up Jan-18.

[darksilkx1]

Originally Posted by LowerEast

I just ordered mine last week. Build scheduled for week 9.

2014 X5 xDrive35i - $55,100

M Sport - $4,600
Carbon Black Metallic - $550
Mocha Dakota Leather - $0
Poplar Wood Trim - $0
Cold Weather Package - $550
Driver Assistance Plus - $1,900
Driver Assistance Package - $1,400
ACC Stop & Go + Active Driving Assistant - $1,200
Premium Package - $2,700
Rear manual side window shades - $250
Adaptive M Suspension - $900
Destination & Handling - $925

Total MSRP as Built $70,075

Invoice price - $64,960

Selling price - $65,460 (invoice + $1,000 less $500 drive credit)

Lease with $0 down came out to something like $775 with base money factor.

Looks like you got a nice deal.

[Artdnj]

NJ dealer is adding $250 luxury tax to fees, is that normal? $66k MSRP

[Alan l.]

Originally Posted by LowerEast

I just ordered mine last week. Build scheduled for week 9.

2014 X5 xDrive35i - $55,100

M Sport - $4,600
Carbon Black Metallic - $550
Mocha Dakota Leather - $0
Poplar Wood Trim - $0
Cold Weather Package - $550
Driver Assistance Plus - $1,900
Driver Assistance Package - $1,400
ACC Stop & Go + Active Driving Assistant - $1,200
Premium Package - $2,700
Rear manual side window shades - $250
Adaptive M Suspension - $900
Destination & Handling - $925

Total MSRP as Built $70,075

Invoice price - $64,960

Selling price - $65,460 (invoice + $1,000 less $500 drive credit)

Lease with $0 down came out to something like $775 with base money factor.

Which dealer is this?

Also how long are you guys waiting for the X5 from the point of placing your order? Been browsing the forums and seems like it takes longer to get the X5 which is built in the US than it does if you ordered a car from Germany.

Alan

[Artdnj]

Originally Posted by wrr14f

I know perfectly well how leases work, that's why I said that all the fees you mentioned do not and cannot amount to 4K.

Mine did, first payment, bank fee, DOC fee, motor veh fee,tire tax, lux tax,state tax...= 4000+

[dave70]

Originally Posted by wrr14f

I know perfectly well how leases work, that's why I said that all the fees you mentioned do not and cannot amount to 4K.

How about next time read the response carefully so you don't look like a fool.

4k includes sales tax, bank fee, first month, reg/dmv - its a simple.. not sure what you are so confused about??

[joejoejr]

My intention is not to start a big philosophical debate about leasing vs buying outright. I am just curious as to the thought process that one makes to justify a $700-$900 lease payment. I am an engineer and I make good money but I am still astonished by the number of folks that (1) pay such a high monthly less payment (2) pay 30k+ over the life of their lease only to return their keys after 3 years. I have about a 50k investment in my current X5 which I purchased new in 2003. I was planning to mostly pay cash for a new F15 this year. Am I going about this all wrong? I don't think I could sleep at night if I had a $900 car payment. Perhaps you folks are filthy rich. Please educate me.

[onefish2]

I lease because I want a new car every few years. I do not want to own one of these cars once its past the 4 year 50,000 mile warranty. And the icing on the cake with a BMW is that all service is included.

I just drive the car for 3 years and put gas in it. When I am done I hand the old keys to the dealer and drive off in the new car.

[Alan l.]

You need to do the math to understand why lease works for some and not for others. Everyone situation is different. With a lease you aren't giving up your "equity" until you decide to return the car at the end. You do have the option to buy it and you just pay off the remaining balance. Those that finance can lose more than 30K of the cars value in 3 years as well.

Whats really the difference between someone who pays 90K cash for a car one shot vs someone who pays 4K but has a $900 monthly payment?

[Artdnj]

Do the math, unless you plan on keeping the car for a long time it's a wash between leasing vs buying. If you lease you have a full warranty and have the option of walking away. If you buy the same car, your payment is higher and after four years you have no warranty. Also, try to trade it in and see what "value" the salesman says you have.

In my case, at 15k per year, I pay less per month leasing and have the option to wave bye bye easily at lease end. Buying only benefits you if you are going to keep it for a long time. I've worked buying a new F15 both ways and it's a wash, with the lease benefit allows me to walk away easily. With the buy, I'm at a dealers mercy.

[Roundown]

Originally Posted by joejoejr

My intention is not to start a big philosophical debate about leasing vs buying outright. I am just curious as to the thought process that one makes to justify a $700-$900 lease payment. I am an engineer and I make good money but I am still astonished by the number of folks that (1) pay such a high monthly less payment (2) pay 30k+ over the life of their lease only to return their keys after 3 years. I have about a 50k investment in my current X5 which I purchased new in 2003. I was planning to mostly pay cash for a new F15 this year. Am I going about this all wrong? I don't think I could sleep at night if I had a $900 car payment. Perhaps you folks are filthy rich. Please educate me.

It's simple- is the offered residual higher than what you think the depreciated selling price of the car (minus the acquisition fee) will be in 3 years?

Of course, that depends on the model, current incentives, etc. But from time to time, BMW inflates residuals to move cars, making the 'put' option your long in the lease worth more than the $725-925 you'll pay to lease.

If at the end of the lease the car is worth less than the residual (and you want to keep it), you may be able to negotiate a purchase price below the residual, leaving BMW to deal with a bit of depreciation that would have otherwise been yours (had you purchased at the outset). If it's worth more (and you want to keep it), you can purchase at the residual.

Further, given the relatively high % of leased BMWs, BMW will often incentivize lease conversion by offering deals on extended maintenance/CPO.

Your real question is "why do people acquire cars more frequently than every 10 years?". Who knows.

For me, I buy, rather than lease, because I tend to turn over cars every 12-18 months. It's a vice- for sure, but I'm an enthusiast.

[LowerEast]

Originally Posted by Alan l.

Which dealer is this?

Also how long are you guys waiting for the X5 from the point of placing your order? Been browsing the forums and seems like it takes longer to get the X5 which is built in the US than it does if you ordered a car from Germany.

Alan

OC BMW in NY.

I ordered a couple of weeks ago and got a week 9 build slot. I'm not sure how early it can / will be delivered. I do know it is supposed to be sometime before 3/31 which is when I need to pick it up by to satisfy the requirements of the current pull ahead program.

[AndreyATC]

Once leased, how soon the car can be paid off or sold?
Anyone knows BMW financial rules?

[Artdnj]

Originally Posted by riM3

It's simple- is the offered residual higher than what you think the depreciated selling price of the car (minus the acquisition fee) will be in 3 years?

Of course, that depends on the model, current incentives, etc. But from time to time, BMW inflates residuals to move cars, making the 'put' option your long in the lease worth more than the $725-925 you'll pay to lease.

If at the end of the lease the car is worth less than the residual (and you want to keep it), you may be able to negotiate a purchase price below the residual, leaving BMW to deal with a bit of depreciation that would have otherwise been yours (had you purchased at the outset). If it's worth more (and you want to keep it), you can purchase at the residual.

Further, given the relatively high % of leased BMWs, BMW will often incentivize lease conversion by offering deals on extended maintenance/CPO.

Your real question is "why do people acquire cars more frequently than every 10 years?". Who knows.

For me, I buy, rather than lease, because I tend to turn over cars every 12-18 months. It's a vice- for sure, but I'm an enthusiast.

Interesting point. If I may ask, do you find any equity in the vehicle after that short time frame or do you take a loss each time. I assume it's the former but I always seemed to get screwed when I try to do the same.

[Roundown]

Originally Posted by Artdnj

Interesting point. If I may ask, do you find any equity in the vehicle after that short time frame or do you take a loss each time. I assume it's the former but I always seemed to get screwed when I try to do the same.

I almost always lose a little money (though I made money on my E92 M3).

That said, my dealership values my business, so generally I pay invoice less current incentives (I try and wait for USAA incentives, holiday incentives, etc). Given how low my mileage is, I usually work out a fair trade as well. If not, I'll sell private.

Like I said, it's a vice.