Rate My Deal

[skeemr4]

Looking for some feedback on the lease deal I received. Sign the lease paperwork on Monday.

2016 X5 xDrive50i (Car has 4,400 Executive Demo Miles)
Mineral White / Mocha Leather
M Sport Package
20" 469M Wheels
Executive Package
Cold Weather Package
Driver Assistance Plus
Lighting Package
Mocha Interior Package
SPACE-SAVER SPARE
STOP & GO + ACTIVE DRIVING ASSISTANT
MOCHA NAPPA LEATHER PACKAGE W/M SPORT
FINELINE PURE WOOD TRIM
FRONT VENTILATED SEATS

MSRP $86,495.00
Negotiated $74,846 (10% off MSRP + 3,000 BMW Incentives)
$3,000 Out of Pocket (Includes first month payment etc.)
$848 On Existing Trade (MB 2011 GL450)

36 Month Lease / 12,000 Per Year
$850 / Month

What do you think?

[wearenh]

.

I would've given you a thousand for the Benz


.

[skeemr4]

I was hoping for 2,000 but was just glad I wasn't underwater since I only owned the car for 18 months.

[mefferso]

I'm no expert but personally I think there's more room on the negotiated price. If you build it on any of the nada/edmund websites you should see an original invoice of about $80,250. If you take the $3k incentive out of the equation, that puts them selling it for $77,846....or ~$2400 under the original invoice. So what they're saying is 4400 miles of use is equal to ~$2400. Just seems a little low to me. I would think more along the lines of $1k depreciation per 1000 miles of use.

Additional source of info, check out the bimmerfest sub-forum "Ask a Dealer": http://www.bimmerfest.com/forums/forumdisplay.php?f=20 Your question is exactly what's commonly posted over there and would get some good/useful feedback posting there.

Best of luck

[Alex S.]

What's the residual value negotiated (after 36 months)?

[P1]

Since you've already signed the deal, are you having second thoughts whether it good enough? Bit late to ask for opinions, no?

[skeemr4]

Technically didn't sign anything yet....Just looking for opinions.

[skeemr4]

Residual is 57%

[alphaod]

Only $848 on the trade in?!

[lowlevelhell]

Originally Posted by alphaod

Only $848 on the trade in?!

That was the equity. He got $848 more than he owed on it.

[Kzang]

On a lease though.. I wouldn't put any money into it, let alone a trade in.. its similar to putting a down payment on a lease which IMO is a big No No. Good luck with your deal.

[AW2015M3]

Originally Posted by Kzang

On a lease though.. I wouldn't put any money into it, let alone a trade in.. its similar to putting a down payment on a lease which IMO is a big No No. Good luck with your deal.

Not many people understand the time value of money

But MSDs are often very helpful in bringing the price down so that may be one exception

[AW2015M3]

Originally Posted by skeemr4

Looking for some feedback on the lease deal I received. Sign the lease paperwork on Monday.

2016 X5 xDrive50i (Car has 4,400 Executive Demo Miles)
Mineral White / Mocha Leather
M Sport Package
20" 469M Wheels
Executive Package
Cold Weather Package
Driver Assistance Plus
Lighting Package
Mocha Interior Package
SPACE-SAVER SPARE
STOP & GO + ACTIVE DRIVING ASSISTANT
MOCHA NAPPA LEATHER PACKAGE W/M SPORT
FINELINE PURE WOOD TRIM
FRONT VENTILATED SEATS

MSRP $86,495.00
Negotiated $74,846 (10% off MSRP + 3,000 BMW Incentives)
$3,000 Out of Pocket (Includes first month payment etc.)
$848 On Existing Trade (MB 2011 GL450)

36 Month Lease / 12,000 Per Year
$850 / Month

What do you think?

For your deal - it's not a good enough deal

Walking away should be quite easy unless you love mocha everything

[Kzang]

Originally Posted by AW2015M3

Not many people understand the time value of money

But MSDs are often very helpful in bringing the price down so that may be one exception

Yes, MSD's are awesome and I used it as well.

[patrobX5]

Originally Posted by Kzang

Yes, MSD's are awesome and I used it as well.

I noticed MSDs don't save you a lot, sometimes it's better to invest that money somewhere else with higher % than give it to the dealer for 3 years etc.

[AW2015M3]

Originally Posted by patrobX5

I noticed MSDs don't save you a lot, sometimes it's better to invest that money somewhere else with higher % than give it to the dealer for 3 years etc.

Are you aware of the current market conditions? Unless you are a broker and looking for customers I won't advise folks to invest in this extremely volatile market

[patrobX5]

Originally Posted by AW2015M3

Are you aware of the current market conditions? Unless you are a broker and looking for customers I won't advise folks to invest in this extremely volatile market

There's safer alternatives at least here in Canada that pay around 1.5% - 3% in High Interest Savings Accounts Here is the current highest 3%. So IMO definitely not worth to do MSD's. Maybe it's different in US.