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Ask-A-Dealer
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  #1  
Old 12-30-2006, 10:18 AM
hockey-man hockey-man is offline
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Location: Pleasant Hill, CA
 
Join Date: Mar 2005
Posts: 4
Mein Auto: 1999 BMW 323i sedan
2007 x5 Lease Feedback Appreciated....

My wife and I stopped by our local BMW dealer for a normal service visit on our 323i.....of course, my wife checked out the 2007 x5 while I was tending to our service needs. We took a loaded x5 for a spin and I got to say, "it rides fabulous" and BMW has really put a nice product offering together. We actually become very interested in buying or leasing.

The sales guy played the normal games and basically the deal to buy was full sticker price of $62K (it was loaded with every option they had). On the other hand, he presented a lease that is summarized below:

- 3 years
- 10K miles per year (.15 cents per mile if you go over the alloted mileage)
- $10,900 down at lease signing
- Residual at lease end was $38,900.00
- Monthly payment with taxes was $968 (Yikes!)
- Misc: They would take one of our old 323's as a trade with 140K miles on it for $4/5K.

Since my wife and I were very interested, we wanted to go home and shop around. We found another lease deal with a fleet leasing company out of Texas. Here's the verbal deal....

- 3 years
- 12K miles per year (.18 cents per mile if you go over the alloted mileage)
- $0 down at lease signing
- Monthly payment with taxes estimated at $840

When I spoke to the fleet lease rep, he basically told us to go to CarsDirect.com, select EXACTLY what we want and then call again in the morning. I asked "would they negotiate on the MSRP", and he stated yes they would.

I know I have not posted more detail info (sales guy would not give us the info to take with us). What I'm curious about is:

- Does this seem like reasonable lease deals on such a new model x5?
- How much could I realistically negotiate down the MSRP for a lease?
- How do I use the wholesale price list info off bimmerfest to my benefit?
- Any pitfalls I should watch out for?

Now that I have read forum tips, I will post back any additional info I find or learn as I renegotiate a better deal for us. Would like a start a good thread to surround the many questions people have on 2007 x5 lease deals.

Many thanks,

Hockey-Man
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  #2  
Old 12-30-2006, 11:03 AM
shabbaman shabbaman is offline
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Location: New Jersey
 
Join Date: Dec 2002
Posts: 1,128
Mein Auto: e38 e39
Quote:
Originally Posted by hockey-man View Post
My wife and I stopped by our local BMW dealer for a normal service visit on our 323i.....of course, my wife checked out the 2007 x5 while I was tending to our service needs. We took a loaded x5 for a spin and I got to say, "it rides fabulous" and BMW has really put a nice product offering together. We actually become very interested in buying or leasing.

The sales guy played the normal games and basically the deal to buy was full sticker price of $62K (it was loaded with every option they had). On the other hand, he presented a lease that is summarized below:

- 3 years
- 10K miles per year (.15 cents per mile if you go over the alloted mileage)
- $10,900 down at lease signing
- Residual at lease end was $38,900.00
- Monthly payment with taxes was $968 (Yikes!)
- Misc: They would take one of our old 323's as a trade with 140K miles on it for $4/5K.

Since my wife and I were very interested, we wanted to go home and shop around. We found another lease deal with a fleet leasing company out of Texas. Here's the verbal deal....

- 3 years
- 12K miles per year (.18 cents per mile if you go over the alloted mileage)
- $0 down at lease signing
- Monthly payment with taxes estimated at $840

When I spoke to the fleet lease rep, he basically told us to go to CarsDirect.com, select EXACTLY what we want and then call again in the morning. I asked "would they negotiate on the MSRP", and he stated yes they would.

I know I have not posted more detail info (sales guy would not give us the info to take with us). What I'm curious about is:

- Does this seem like reasonable lease deals on such a new model x5?
- How much could I realistically negotiate down the MSRP for a lease?
- How do I use the wholesale price list info off bimmerfest to my benefit?
- Any pitfalls I should watch out for?

Now that I have read forum tips, I will post back any additional info I find or learn as I renegotiate a better deal for us. Would like a start a good thread to surround the many questions people have on 2007 x5 lease deals.

Many thanks,

Hockey-Man

Personally, my advice would be to wait. Since the car came out a month ago it's going to be hard to negotiate a good purchase deal.

With regard to leasing I would wait at least another month or two, maybe even wait for spring. Currently, BMW is offering their default lease rate of .00322. At some point in the near future that number should go down some, maybe in a month or two or maybe in the spring when SUV's are less in demand than they are in the winter (maybe not for a year).

With regard to your trade, you will get the same trade in money for your car in 3 months that you will today so barring any unexpected maintenance, that should not be a factor in your decision.

If you are looking to get this car right now I would at least wait until January 3rd for the new programs to be out.
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  #3  
Old 12-30-2006, 12:35 PM
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schley schley is offline
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Location: Saudi Arabia (no I'm not kidding)
 
Join Date: May 2005
Posts: 4,001
Mein Auto: camel
Quote:
Originally Posted by shabbaman View Post
Personally, my advice would be to wait. Since the car came out a month ago it's going to be hard to negotiate a good purchase deal.

With regard to leasing I would wait at least another month or two, maybe even wait for spring. Currently, BMW is offering their default lease rate of .00322. At some point in the near future that number should go down some, maybe in a month or two or maybe in the spring when SUV's are less in demand than they are in the winter (maybe not for a year).

With regard to your trade, you will get the same trade in money for your car in 3 months that you will today so barring any unexpected maintenance, that should not be a factor in your decision.

If you are looking to get this car right now I would at least wait until January 3rd for the new programs to be out.
I agree. These deals SUCK! Wait at least a couple months. I predict by March/April these deals will come down at least 1-200 a month.
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