BimmerFest BMW Forum banner

1 - 6 of 6 Posts

·
Registered
Joined
·
212 Posts
Discussion Starter · #1 ·
I just ordered a X5 3.0 last night and wanted to know if its a good deal

Vermilion Red
Black leather
Blue tooth
Tech package
heated seats
Comfort seats
Ipod adapter
running boards

$610.15 a month......10K miles a year for 36 months. Purchase price around $51K and retail around $55,125

Total out of pocket is $3,650.00. This includes tax, first payment, bank fee and mv fees. I recieved the loyalty MF @ .00150 with a residual of 58% and the $1,750.00 rebate that bmw is offereing on the X5.
 

·
F e s t S p o n s o r
Joined
·
1,194 Posts
I hope it gets here before the incentives end 3-31-09. And I hope CA told you he could not lock them in.
 

·
Registered
Joined
·
220 Posts
He should get it by then...

Which Dealership?
 

·
F e s t S p o n s o r
Joined
·
1,194 Posts
It's going to be close. Depends on build date and such. But I would hate to have it ordered and told this is what I can do for you and find out later that I can't get it done at those lease numbers. And the OP, I hope was told this. Big plus it's built in the states.
 

·
Registered
Joined
·
43 Posts
The lease payment doesn't seem to work out for some reason:

MSRP: $55,125
Purchase Price: ~$51,000
Residual (58%): $31,973 (58% of $55.1K)

Monthly Depreciation: ($51,000 - $31,973) / 36 = ~$528
Monthly Finance cost: ($51,000 + 31,973) * 0.0015 = ~ $124
Total Monthly payment: $653

So based on this, your $610 per month appears to be a good deal. But, with that being said, the dealer cost on your car is roughly $51K before any incentive cash. So if your purchase price is $51K, the dealer is making $1,750 on this purchase. Based on what others on this board are getting (Invoice +$300 to $500), the purchase price of $51K doesn't seem so great. If you subtract another $1,750 from the $51K purchase price (assuming the $51K was BEFORE the $1,750 loyalty cash), then I can get real close to the monthly payment.

MSRP: $55,125
Purchase Price: ~$49,250 (~51K - $1750)
Residual (58%): $31,973 (58% of $55.1K)

Monthly Depreciation: ($49,250 - $31,973) / 36 = ~$480
Monthly Finance cost: ($49,250 + 31,973) * 0.0015 = ~$122
Total Monthly payment: $602

In any event, it appears you're getting a good deal. I just wish I qualified for the loyalty program.
 

·
Registered
Joined
·
212 Posts
Discussion Starter · #6 · (Edited)
It's going to be close. Depends on build date and such. But I would hate to have it ordered and told this is what I can do for you and find out later that I can't get it done at those lease numbers. And the OP, I hope was told this. Big plus it's built in the states.
He didnt tell anything about the car not being here by 3-31-09 but if it doesnt and the lease price goes up then I guess I go for a volvo LOL.

The lease payment doesn't seem to work out for some reason:

MSRP: $55,125
Purchase Price: ~$51,000
Residual (58%): $31,973 (58% of $55.1K)

Monthly Depreciation: ($51,000 - $31,973) / 36 = ~$528
Monthly Finance cost: ($51,000 + 31,973) * 0.0015 = ~ $124
Total Monthly payment: $653

So based on this, your $610 per month appears to be a good deal. But, with that being said, the dealer cost on your car is roughly $51K before any incentive cash. So if your purchase price is $51K, the dealer is making $1,750 on this purchase. Based on what others on this board are getting (Invoice +$300 to $500), the purchase price of $51K doesn't seem so great. If you subtract another $1,750 from the $51K purchase price (assuming the $51K was BEFORE the $1,750 loyalty cash), then I can get real close to the monthly payment.

MSRP: $55,125
Purchase Price: ~$49,250 (~51K - $1750)
Residual (58%): $31,973 (58% of $55.1K)

Monthly Depreciation: ($49,250 - $31,973) / 36 = ~$480
Monthly Finance cost: ($49,250 + 31,973) * 0.0015 = ~$122
Total Monthly payment: $602

In any event, it appears you're getting a good deal. I just wish I qualified for the loyalty program.
The $1750 is a cap cost. I should have clarified that when i made my original post.
 
1 - 6 of 6 Posts
Top