2007 X5 residual

Just "built my own" on bmwusa...comes out to around 69K. When I look under estimate lease payment, with 2500 down and 15K miles/yr for 3 yrs, it shows around $1300/mo.
For the same numbers on a 530xi wagon, it shows a lease price of $940/mo. Is the residual really set that low on the new X5???
Brian

Originally Posted by bbal

Just "built my own" on bmwusa...comes out to around 69K. When I look under estimate lease payment, with 2500 down and 15K miles/yr for 3 yrs, it shows around $1300/mo.
For the same numbers on a 530xi wagon, it shows a lease price of $940/mo. Is the residual really set that low on the new X5???
Brian

Brian, the residual is 58% for 15k. It's the money factor. They're using a retail money factor instead of a discounted money factor like the ones used for many of the other models. In other words, you won't find any low money factors on the new X5 since it just came out.

For the 4.8i I was quoted a factor of .00342 (about 8.25%) and residuals of:
55% for 36 months
50% for 42 months
39% for 49 months


the 3.0 is about 5% higher for each term but the same factor...

... The residuals seem to be reasonable against the 7 series although a bit low against the 5 series ...the killer is the factor which makes leasing a bad proposition right now on these vehicles....


Looks like the 530xi is getting some help from the factory...
at 36 mo/15k mi – Residual Value 60% of MSRP – .00125 Base Money Factor Rate
it seems to be priced to move ...

If that's the car you want, MF of .00125 works out to 3% and it's probably a better deal than any financing you'll find ..
The X5 is in demand right now, they hit you comming and going and going because they can ...


see this link:
http://www.bimmerfest.com/forums/sho...=captive+lease

In a way I am kind of glad I still have a lease on my 05 X5 for 15 months. I think next year this time we should get a better deal on the leasing since the car will be out for a year.

I'm pretty disappointed in the residual and money factor on the new X5 as well. I configured one for about 75K and the same 550i. The 550i had a higher residual, lower lease factor (.0015), and I was able to get it for 4K off sticker even for a custom order (they didn't offer this to me on the X5 I originally planned to order). In all, my lease payment is over $400/month less on the X5 - that is a HUGE difference on a BMW that is almost exactly the same price and I just couldn't justify it (though the new X5 does look nice

Current interst rates (I checked over the weekend) on a new car loan are about 7.5% from Chase (which is one of the biggest purchasers of auto loans)... you may be able to get better rates elsewhere (i.e. USAA has a 6.75 rate right now if you can get it), but when you think about it, why would BMW or any car company offer a discount when they are back ordered 3+ months?
It's a hot seller and all you're looking at is supply and demand reflected in the factor.

Not sure what drove your decision, but if I could get by with a 550i INSTEAD of an AWD SUV (SAV), I would - I'd also rather be looking at an M6, the new 335i, or the Z4M or dare I say an S6 or an RS4, but I need the 3rd row and I need AWD and I like this car so much that I'm willing to consider a purchase over a lease (for the 1st time in 10 years) if the factor hasn't dropped when I need to close the deal in Feb ....

Point is, (and I'm sure you know) it's really not fair to say you got a 550i instead of an X5 based on price of the lease- they are just way too different .... I'll bet with a handle like mogulbumm you ain't driving your 550i up I91 or I89 or I95 at the first sign of snow with your kids in the back seat - you'll be taking your X5...

Originally Posted by jim h.

Point is, (and I'm sure you know) it's really not fair to say you got a 550i instead of an X5 based on price of the lease- they are just way too different .... I'll bet with a handle like mogulbumm you ain't driving your 550i up I91 or I89 or I95 at the first sign of snow with your kids in the back seat - you'll be taking your X5...

My only real point (which I rarely have ... grin) is that the X5 doesn't have an attractive finance package at this point ... yet. I had an SUV for my last vehicle and was on the fence about looking for new vehicles (tested the new Audi... loved the toys but the drive left a lot to be desired). Since we need at least ONE 4-wheel in the family (for those snowy trips you describe) we decided to trade in the dreaded minivan for a used X5 (great deal since the 07 was coming out at the time) which left me some wiggle room to go back to a car. The 550i just happened to hit my spec for space, speed, and power (and I couldn't bring my checkbook to cough up the extra monthly fees for the M5). Plus, I needed the 4-door for the midgets so the 6-series was out.

I'm just surprised that BMW assigns a lower residual to it, lending to higher lease rates. 5% difference between that and the 5-series adds a couple hundred dollars per month onto a payment.

See... now I'm off track with my point again...

I'm with ya... had a similar decision to make- but we need 2 4x4's and have a grand cherokee with low milage that we picked up a few years ago ... My wife likes it cause it's "high up".....

I drove the Q7 too and had similar reservations (BTW, there's no rear video in the Q7 - you have to go aftermarket on that) ... Plus, I've been through 3 Audi's in 9 years.. they are nice cars and I never had reliability issues, but I started to notice that they don't seem to wear/weather as well as BMW's - And with the exception of the S's, they don't perform or handle as well- 10 years ago you could argue that Audi's AWD was superior for road use, but I don't think that's true anymore ...

So, I'm leaving my wife with the Grand Cherokee and unless the rates come down, I'm planning on buying the X5 - I'll give it to my wife when the Jeep dies or in 3 or 4 years when the X5 is paid for (whichever comes first).....

Now you got me off track :-)
Let's agree- the residuals are low and the factor is obscenely high...
BTW: Just got a factor on a new MDX - .00290 - which is still relatively high...

IMO, BMWUSA is really sending the message that they don't want to sponsor leases on X5's just yet.

see ya in the bumps and don't forget to turn on the tops :-) ....