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Bruin72
10-26-2007, 07:42 AM
I have read where BMW Financial Services current money factor is .00275 (6.6% equivalent) for October 2007. Has anyone done better than that within the past two weeks on a 2005 X5 using BMW FS? I got what looks like a great deal - $800 above dealer invoice for the cap cost, but was quoted a money factor of .00295 (7.08% equivalent) and told that's the best BMW FS will do on a new X5. I find that very hard to believe. When I leased my 2005 X5, I got a money factor of .00165 (3.96% equivalent). I know rates are higher now, but this seems outrageous.

windsor027
10-27-2007, 05:23 AM
I have not checked on it but I will tell you one thing. Even though I have been leasing BMWs for 10 years now and my lease on my current 2005 4.4i X5 is 5 months away form expiring if BMW doesn't cut some slack on its prices and/or lease money factor I will be looking at an MDX. I know the Euro is skyhigh but I don't live in Europe and refuse to play good money for essentially a moderate upgrade to the current X5. I will not even go into the "issues" a friend of mine has been having with his 4.8. Lets just say he thinks I am crazy for even considering to get one.

Bruin72
10-27-2007, 07:47 AM
Windsor, that's the way I feel. BMW FS seems to be keeping the MF artifically high because they know they have a hot car and many people are willing to pay a premium. But they are alienating us long-time X5 owners in so doing. I would have expected a much harder negotation above dealer invoice, but a more reasonable MF.

AB
10-27-2007, 07:55 AM
I'm with both of you guys. I have another year on my wife's 4.4 X5 and hope to see the money factor drop by then, or else I will look at something different.

I would like to "upgrade" to a new Alpine White 4.8 for her, but not with an inflated money factor, ergo much higher payment.

TropicsX5
10-27-2007, 12:24 PM
Windsor, that's the way I feel. BMW FS seems to be keeping the MF artifically high because they know they have a hot car and many people are willing to pay a premium. But they are alienating us long-time X5 owners in so doing. I would have expected a much harder negotation above dealer invoice, but a more reasonable MF.

Agree long time X5 leaser here 01 ,03. 05 paid too much for 07 X5 lease :tsk:

chuck92103
10-27-2007, 01:00 PM
Well oil is at its highest price per barrel. 12 MPG SUV's will be dumped shortly. I suspect a flood of them on the used car market and BMW begging folks to take 4.8 X5's before long.

Sit tight. Maybe lease and 06 CPO for a couple years until things settle down. :dunno:

TropicsX5
10-27-2007, 01:32 PM
Well oil is at its highest price per barrel. 12 MPG SUV's will be dumped shortly. I suspect a flood of them on the used car market and BMW begging folks to take 4.8 X5's before long.

Sit tight. Maybe lease and 06 CPO for a couple years until things settle down. :dunno:

Exactlty no 3.01S at any dealer lots around here here only 4.8's

windsor027
10-30-2007, 12:12 PM
well I am glad other people feel the same way because I didn't want to sound like a jerk here. I love BMWs and especially the X5, this is my 3rd one I currently have. But honestly guys the price increase on the current X5s is just BS. And it is not just about the money. Even the dealership experience has diminised for me.

Well I will be waiting until mid March and then I have to make a decision. Right now the MDX with the sport and tech package is way ahead in the game for me.

chuck92103
10-30-2007, 12:14 PM
MDX is a good alternative although the style is questionable for some. Overall a good value for the money.

GeneArch
11-02-2007, 11:27 PM
* Found these on another forum... not good rates @ all.

November 2007 Lease Rates - X5

*Lease financing available on 2008 BMW X5 4.8i vehicles, registered outside of NY, only at participating BMW centers on leases assigned to BMW Financial Services NA, LLC/Financial Services Vehicle Trust through November 30, 2007.

Monthly lease payments of $779.00 for 36 months based on MSRP of $58,325.00 (includes Premium Sound Package, Third Row Seating and Destination). (Total lease payments including acquisition fee is $28,044.00).

For vehicles registered outside of NY, $4,529.00 due at signing includes first month’s payment, down payment and security deposit.

For vehicles registered in NY, $4,508.00 due at signing includes $779.00 first month’s payment, $2,950.00 down payment, and $779.00 security deposit.
Excludes tax, title, license, and registration fees. Lease financing subject to credit approval.

Dealer contribution may affect terms. Lessee must cover insurance and all items not covered under the full maintenance program. At lease end, lessee will be liable for disposition fee ($350.00), any excess wear and use as set forth in the lease agreement and excess mileage charges of $.20 per mile for miles driven in excess of 10,000 miles per year. Purchase option at lease end for $35,578.00 excludes taxes.

As shown: 2008 X5 4.8i with optional Sport Package, 20” Y Spoke Alloy Wheels, Third Row Seating, Running Boards and Destination has a MSRP of $61,325.00.

If registered outside of NY, $833.00/month with $4,633.00 due at signing includes $833.00 monthly payment, $2,950.00 down payment and $850.00 Security Deposit. Total lease payments including acquisition fee is $29,988.00.

If registered in NY, $833.00/month with $4,616.00 cash due at signing ($833.00 first month’s payment, $2,950.00 down payment, and $833.00 security deposit). Total lease payments is $ 29,988.00. Lessee acquires no ownership interest unless purchase option is exercised. See participating BMW centers for details and vehicle availability. For more information call 1-800-334-4BMW

Mug
11-04-2007, 02:00 AM
I have read where BMW Financial Services current money factor is .00275 (6.6% equivalent) for October 2007. Has anyone done better than that within the past two weeks on a 2005 X5 using BMW FS? I got what looks like a great deal - $800 above dealer invoice for the cap cost, but was quoted a money factor of .00295 (7.08% equivalent) and told that's the best BMW FS will do on a new X5. I find that very hard to believe. When I leased my 2005 X5, I got a money factor of .00165 (3.96% equivalent). I know rates are higher now, but this seems outrageous.

If you can find a 2007 model that has the options you like, you can probably get a great deal on one. The money factor on 07's is lower than on the 08's and dealers want to move the 07's still remaining is stock.

Alistair
11-04-2007, 07:32 AM
The following link will take you to a different forum where all the manufacturer lease rates are published.

http://forums.roadfly.com/forums/financing/8651672-2.html

The point of the "base rate" is that this is the rate BMW-FS offers to the dealership. They are no obliged to pass this rate to you. Counter to other opinions leasing last years model is generally more expensive because the residual drops rapidly when the "NEW" models are released; this is even true on a simple model year change i.e. 07 to 08 X5.

I leased my 07 X5 in January using a third party. Admittedly I did not get my $1000 check from BMW (being a BMWCCA member). The payment is $799 and I did not pay any cap cost reduction; BMW-FS wanted over $1100 for the same car in January.