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X5 E70 (2007 - 2013)
E70 BMW X5 produced between 2007 and 2013. Discuss the E70 X5 with other BMW owners here.

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  #1  
Old 06-20-2010, 04:03 PM
Suraj Suraj is offline
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2011 X5 35i lease payment

I have a 2007 530 that I bought few years ago. I am now looking to lease an X5. I am completely new to lease business, could you please give me an idea of what the monthly payment would be, for the following specifications?

2011 X5 35i, add about 7k of options, so MSRP should be close to 55K
3 year lease with 12k miles/year
Close to zero money down - I understand that's a good rule of thumb for leasing

Also, if I were to get a similarly equipped X5 50i, I guess the monthly payment would be approx $ 100 more, is that correct?

Will appreciate your responses.
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2012 X5 5.0i, Black/Oyster, Sport, Premium, 20" wheels

Retired Nov 11 - 2007 530i, Sport, Premium, Step, Nav, Logic7, HD radio, PDC, Heated Seats
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  #2  
Old 06-21-2010, 06:36 PM
samsonitep samsonitep is offline
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yup yup...seems about right..

Just goto the bmw website and see the difference. It all depends on down payment. You can lease a car and ultimately pay it off right there in the dealer ship if you want.

All depends on what you want to do. Personally I feel putting a larger down payment down on a lease is beneficial. I bought a range rover for 90k. My monthly was over 1200....I got screwed when applying for lines of credit etc, because I carried large debt for a month(even though I had the money).

Get the payment as low as possible.

my 2 cents.
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  #3  
Old 06-21-2010, 07:04 PM
the J-Man the J-Man is offline
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The problem with putting money down on a lease is that you are almost guaranteed to lose it in the event the car is totaled or stolen.

You never have equity in the lease. If you buy a $50K car, put $25K down, and lease the remaining $25K, then you total the car 2 days later, your insurance will pay BMWFS the $25K balance on the lease, and that's it. They don't consider that you had equity in the car, they only pay off the remaining financial obligation on the vehicle. But yes, as previously mentioned, there's a fine line between screwing your debt to income ratio with an insanely high lease payment (very important for mortgage qualification), and putting so much money down that it would be at risk in the event of a total loss scenario.

I put $2500 down on my lease. That's all I was comfortable with. BMW offers multiple security deposits, which is a good way to lower your lease payment risk free.
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  #4  
Old 06-21-2010, 07:48 PM
ard ard is online now
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Location: CA
 
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Mein Auto: '12 X5 35d/E39M5/996TTX50
Quote:
Originally Posted by Suraj View Post
I have a 2007 530 that I bought few years ago. I am now looking to lease an X5. I am completely new to lease business, could you please give me an idea of what the monthly payment would be, for the following specifications?

2011 X5 35i, add about 7k of options, so MSRP should be close to 55K
3 year lease with 12k miles/year
Close to zero money down - I understand that's a good rule of thumb for leasing

Also, if I were to get a similarly equipped X5 50i, I guess the monthly payment would be approx $ 100 more, is that correct?

Will appreciate your responses.
OMG

You will be a car salesman's wet dream...

You need to go to leasecompare.com and READ and UNDERSTAND what is involved with leasing. The figure out the current 'going rates' for BMW leases- ie acquisition fees, money factors, residuals, etc.... you'll find a lease calculator that lets you put in the numbers and see what payments should be...
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  #5  
Old 06-21-2010, 08:49 PM
georgejm georgejm is offline
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Mein Auto: BMW X5 35d
"OMG

You will be a car salesman's wet dream..."

LOL
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  #6  
Old 06-21-2010, 10:13 PM
Newmanium Newmanium is offline
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Leasing works out pretty good with the X5 35d due to the $4500 eco credit. I just ordered and am looking at somewhere between $750-800 with no money down, $65k MSRP (no taxes in OR), 12k/year, 36 mths. Seems reasonable to me, couldn't get the numbers for the 35i to look as nice.

And the guy who thinks that the only variable in leasing is down payment should just starting smoking $100 bills in front of his dealer to make sure the message gets across... you negotiate for price above invoice, and money factor markup. Those two simple things can drastically change the price of a lease. There's lots of good guides on here for leasing info, it pays to do the research. Once you understand the ins/outs, it's not that hard - but most people never make the effort, and just go off incorrect assumptions or rules of thumb (the finance guy at one dealership said that he was the only one who understood the things there).
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  #7  
Old 06-21-2010, 10:48 PM
roots roots is offline
?
Location: SF Bay Area
 
Join Date: Sep 2002
Posts: 771
Mein Auto: 2013 740i
Quote:
Originally Posted by Suraj View Post
I have a 2007 530 that I bought few years ago. I am now looking to lease an X5. I am completely new to lease business, could you please give me an idea of what the monthly payment would be, for the following specifications?

2011 X5 35i, add about 7k of options, so MSRP should be close to 55K
3 year lease with 12k miles/year
Close to zero money down - I understand that's a good rule of thumb for leasing

Also, if I were to get a similarly equipped X5 50i, I guess the monthly payment would be approx $ 100 more, is that correct?

Will appreciate your responses.
I've got some homework for you

0) Read and understand how lease payment is calculated http://www.edmunds.com/advice/leasin...5/article.html

Also read http://www.bimmerfest.com/forums/sho...d.php?t=146090

1) Find out the MSRP for the X5 configured the way you want it from bmwusa.com

2) Calculate the invoice price for the above (google "2011 X5 invoice price"... there's a link to xbimmer that has a PDF doc)

3) Now find out what's considered a "good deal" for your area in terms of invoice + $xxx (search bimmerfest, google, etc).

4) Look at this post http://www.bimmerfest.com/forums/sho...d.php?t=460470 and find out what the base money factor and residuals are for your lease term. That's the base money factor and dealers will most likely mark it up (extra profit for them). Residual is fixed and dealers cannot mess with it.

5) Once you know the $xxx over invoice and base money factor, then you can start contacting dealers in your area (or outside if you're willing to travel) who will accept your $xxx with the smallest, or better, no markup on MF.

Extra credit:

Understand how MSD works and how it can lower your payment
http://www.bimmerfest.com/forums/sho...d.php?t=134206

Hope that helps!
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2012 528i (ED March 2012)


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2006 530i (ED Oct 2005)
2003 530i (ED Oct 2002)
1999 328i


Last edited by roots; 06-21-2010 at 10:49 PM.
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  #8  
Old 06-21-2010, 11:05 PM
Syntax Syntax is offline
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Location: NJ
 
Join Date: May 2010
Posts: 54
Mein Auto: 12 991,11 X5 35d,05 CTT
Quote:
Originally Posted by Newmanium View Post
Leasing works out pretty good with the X5 35d due to the $4500 eco credit. I just ordered and am looking at somewhere between $750-800 with no money down, $65k MSRP (no taxes in OR), 12k/year, 36 mths. Seems reasonable to me, couldn't get the numbers for the 35i to look as nice.
Agreed. I have a $63.5k 35d on order. For the same term and miles I managed to get a great deal- ~$650/month. Aside from 7 MSDs, only the bare minimum is due at drive off (1st month and fees). I used the $4.5k Eco credit and an X3 lease loyalty credit for $1.5k in conjunction with a dealer who was willing to give me a very fair price.

Unfortunately I won't get the time back from the dealers that either ignored my price request or kept trying to play stupid games with the prices.

The only thing I missed out on was the "Ultimate Driving Event" credit for $1k. I think I could probably still get it if I worked it, but I have spent enough time on this.
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  #9  
Old 06-22-2010, 06:36 AM
Beemersn Beemersn is offline
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Don't forget to factor in BMW CCA rebate of $ 1,000 (if you are a CCA member for more than 365 days, you would be eligible for this cash rebate)
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  #10  
Old 06-22-2010, 06:52 AM
Syntax Syntax is offline
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Location: NJ
 
Join Date: May 2010
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Mein Auto: 12 991,11 X5 35d,05 CTT
Quote:
Originally Posted by Beemersn View Post
Don't forget to factor in BMW CCA rebate of $ 1,000 (if you are a CCA member for more than 365 days, you would be eligible for this cash rebate)
Yes, forgot to mention that too. I delayed my order so that I would be over the 365 day requirement for the rebate.
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  #11  
Old 06-22-2010, 08:16 AM
travel4B travel4B is offline
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Quote:
Originally Posted by ard View Post
OMG

You will be a car salesman's wet dream...
So true.

roots has given you a goldmine of information condensed into one posting. You owe him!
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