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New here. Looking to get my first BMW. Always been a Lexus and Audi owner but time to try something new.

Just started shopping but let me know what you guys think for this 2016 X5:

TOTAL AS EQUIPPED $78,445.00
SELLING PRICE $70,995.00

Lease Terms
Term 36 Months
Mileage 10,000/year
Money Factor 0.87
Residual Factor 59%

Selling Price $70,995.00
Documentation Fee $80.00

Total Capitalized Cost
$71,075.00

Residual Value $46,282.55
Total Depreciation $24,792.45
Capital Reduction $0.00
Monthly Depreciation $688.68
Monthly Rent $102.10

Monthly Payment $790.78
Tax (9%) $71.17

Monthly Payment + Tax $861.95

License & Registration $587.75
Bank Fee $925.00
First Payment $861.95
Security Deposit $6,300.00

Drive Off $8,757.95

Trade Equity $0.00
Rebate $0.00

Due at Signing $8,757.95
 

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Sounds like you have it worked out, what model are you looking at X35 x or s, X40 - X50?
 

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X50 Nice! :)
 

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New here. Looking to get my first BMW. Always been a Lexus and Audi owner but time to try something new.

Just started shopping but let me know what you guys think for this 2016 X5:

TOTAL AS EQUIPPED $78,445.00
SELLING PRICE $70,995.00

Lease Terms
Term 36 Months
Mileage 10,000/year
Money Factor 0.87
Residual Factor 59%

Selling Price $70,995.00
Documentation Fee $80.00

Total Capitalized Cost
$71,075.00

Residual Value $46,282.55
Total Depreciation $24,792.45
Capital Reduction $0.00
Monthly Depreciation $688.68
Monthly Rent $102.10

Monthly Payment $790.78
Tax (9%) $71.17

Monthly Payment + Tax $861.95

License & Registration $587.75
Bank Fee $925.00
First Payment $861.95
Security Deposit $6,300.00

Drive Off $8,757.95

Trade Equity $0.00
Rebate $0.00

Due at Signing $8,757.95
Hi,

This looks pretty solid to me. From the Doc fee, it appears that you are in california.

My napkin math looks like this car is being sold somewhere around the invoice price (I dont normally calculate the actual invoice but I suggest you do, with the information found in the ask a dealer section of bimmerfest stickied at the top in the yearly pricing threads).

In any case, price looks like around invoice, then with the incentive deducted (so thats good). Base money factor, then the deduction for the MSDs.

No strange fees, etc. No cap cost reduction. Looks good to me. The only thing I would tell you to ask the dealership is, how much cap cost reduction would it take for you to get the payment from 861, to 849. The reason for this is, sometimes you can put a "little" cap cost reduction down and then reduce the amount of the MSDs, saving you money out of pocket.

For example, if it takes $140 (just an example number) to reduce the monthly payment from 861 to 849, then putting that $140 in would actually allow you to put 7 X $50 ($350) less into the drive offs, since the MSDs would be 850 each instead of 900 each.

Of course, this only works if the amount of money you need to put in cap cost reduction is less than $350, for obvious reasons. It usually works out out when the monthly payment is close to a multiple of 50. I am not sure if your payment is close enough for it to work out in your favor, but I would ask.

Just go to the CA / Sales manager who put together your deal and ask " hey, how much cap cost reduction would I have to put in to get my payment to 849, so I could reduce the MSDs from 900 each to 850 each?"

Otherwise looks pretty solid to me :thumbup:
 

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Strong car deal.
 
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