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      07-21-2020, 11:47 AM   #23
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Quote:
Originally Posted by pookiemalibu View Post
UPDATE:

Dealer emails and pulls some bullsh*t about BMWFS won't approve without $10,500 down. Mind you, this is after I've paid a ~$3000 first month/deposit that's DAS, engaged vehicle transport service (should be able to get that $ back) AND made provisions for the turn-in of my current lease.

Dealer was supposed to refund my deposit yesterday, now I've got to wait for the finance manager and it will be Monday or Tuesday. So frustrating! If you hadn't run the credit app, why take the first month and deposit? Just wasted two weeks w/ this nonsense.

C'est Bimmer la vie.
I've seen this happen several times on $100k bmws as a stipulation. Ask the finance manager if you can do MSDs instead of a down payment. At least you get the money back at the end of the lease.
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      07-22-2020, 04:08 PM   #24
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i have a 2020 x5m competition looking for a 7k incentive. 33 months left
payment is $1425 124795 msrp
black sapphire metallic on shakir orange. car currently has 17xx miles
36 month lease 10k miles per year
located in NY, NY

917-714-4497
please let me know if anyone is interested.
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      07-29-2020, 07:51 AM   #25
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Looking at lease on X5MC. Quote of $1660/mo:

Black Sapphire/Sakhir Orange
MSRP: 118,695
Discount: $4500 on vehicle and $1500 rebates/incent = $6000
Adjusted Cost: $112,695
Money Factor: .00118...I think.
Lease Term: 36/12k
DP: $14,760 (7 MSDs-$11,500-ish, Doc/Acq/Tax/First Paymnt)

Any thoughts? Some of the numbers don't seem to make sense on the info I was given, but probably confusing on purpose. Thx!
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      07-29-2020, 09:45 AM   #26
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Discount before rebates/incentives appears relatively low, I'd aim for at least 7% which is what many lease brokers are offering. Money factor also appears to be inflated. I believe buy rate is .00099 this month but you should confirm on the Edmunds forum.
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      07-29-2020, 09:38 PM   #27
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Quote:
Originally Posted by chrisk03 View Post
Looking at lease on X5MC. Quote of $1660/mo:

Black Sapphire/Sakhir Orange
MSRP: 118,695
Discount: $4500 on vehicle and $1500 rebates/incent = $6000
Adjusted Cost: $112,695
Money Factor: .00118...I think.
Lease Term: 36/12k
DP: $14,760 (7 MSDs-$11,500-ish, Doc/Acq/Tax/First Paymnt)

Any thoughts? Some of the numbers don't seem to make sense on the info I was given, but probably confusing on purpose. Thx!
Buy-rate (base) money factor is .00099 in July. May change in August. I've got some better deals I can shoot you for comparison. The 7 MSD's is crazy given how little it makes the monthly budge. I'd push for double the discount. 7%+ is doable on the $123K MSRP F95s based on my research. Also, roll w/ the 36/10k to get the residual up. Cheaper to buy miles later than include them in the monthly. If I were you, I'd drop the MSDs, keep that $11K. Verify the money factor. Probably better deals around (or at least equal) for a bit more car.
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      07-29-2020, 10:59 PM   #28
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^^ MSD is effectively guaranteed money (saved) after 3 years. If you have the money laying around it makes sense. Obviously you can take that money and throw into the market to make more but that's not guaranteed. Just my 2cents.

Alan
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      08-04-2020, 02:15 PM   #29
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      08-22-2020, 01:36 AM   #30
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Do you have Select financing figures?
Thanks
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      08-22-2020, 01:24 PM   #31
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2021 lease rates

Hi can someone confirm the lease rates for a 2021 x5m? My dealer is saying a 2.38 apr and a 52% residual for 36 months 10k miles?
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      08-24-2020, 04:17 PM   #32
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Quote:
Originally Posted by Jc360 View Post
Hi can someone confirm the lease rates for a 2021 x5m? My dealer is saying a 2.38 apr and a 52% residual for 36 months 10k miles?
They don't do apr for leases. So that's already wrong. I'm assuming their residual is wrong then too. Probably want to find a different dealer.
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      08-24-2020, 04:25 PM   #33
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Quote:
Originally Posted by sittingmongoose View Post
They don't do apr for leases. So that's already wrong. I'm assuming their residual is wrong then too. Probably want to find a different dealer.
Divide by 2400 to get the MF

2.38/2400 = .00099 MF

To get the interest rate on a lease multiply by 2400
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      08-24-2020, 04:26 PM   #34
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Quote:
Originally Posted by Jc360 View Post
Hi can someone confirm the lease rates for a 2021 x5m? My dealer is saying a 2.38 apr and a 52% residual for 36 months 10k miles?
They are not allowed to alter the residual, that is set by the bank. They are giving you buy rate on the lease at .00099 MF
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      08-24-2020, 04:27 PM   #35
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Quote:
Originally Posted by Salespunk View Post
Quote:
Originally Posted by sittingmongoose View Post
They don't do apr for leases. So that's already wrong. I'm assuming their residual is wrong then too. Probably want to find a different dealer.
Divide by 2400 to get the MF

2.38/2400 = .00099 MF

To get the interest rate on a lease multiply by 2400
I was not aware of that. Thanks!
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      09-02-2020, 11:05 AM   #36
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      09-03-2020, 09:57 AM   #37
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I have a guy giving 7% off before incentives if anyone is interested pm me.
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      09-06-2020, 11:56 AM   #38
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Purchase prices

I have seen a lot about leasing prices but how about purchasing ? What kind of discount were you able to get from the MSRP?
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      09-12-2020, 07:03 AM   #39
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Question Is this a good deal on a 36/10 lease? My credit score is mid 800si

Hi all,

My dealer who Iíve bought many bmws from is offering me this deal. I like my salesman a lot and I want to do the deal with him but I want to make sure Iím getting the best deal as Iíve been super loyal over the years.

Thanks all!
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Last edited by ckonenyc; 09-12-2020 at 07:11 AM.. Reason: Inserting image
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      09-14-2020, 11:02 AM   #40
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The discount doesn't seem great, but they are giving you base MF. Some people are offering up 7% discounts which would take the cap cost below $115K.
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      09-23-2020, 08:44 AM   #41
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Decent deal. That looks to be about 6% off msrp which is about invoice pricing and everything else looks right. When i was looking a few months ago it was hard to even get that deal. Not sure where its at now but i'd imagine you can get above 6% off.
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      09-26-2020, 11:13 AM   #42
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What incentives can we expect towards the end of the year and do they usually start in Oct or is it Nov?
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      09-26-2020, 07:31 PM   #43
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Reading your posts, I will admit you guys are way smarter than I am.

What does the math look like on a lease vs finance vs purchase cash and sell three years later?

Obviously each has its own positives and negatives, but what's the smart money move?

Does your answer basically carry over to any car purchase? I've purchased all my cars cash and sometimes I recoup a good amount of my initial acquisition price, sometimes not. In most cases it's less than the cost of a lease but add the maintenance and it's probably an even wash.

Thoughts?
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      09-26-2020, 09:40 PM   #44
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Any chance you can still get the 7% off on a 2021 X5M competition?
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