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      02-21-2020, 11:15 AM   #23
bbal
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Yeah. I don’t mind paying fair market value but geez. In six months to a year these will be leasing and selling for significantly less. That 1900 will be closer to 14-1500. Especially since the M50 is going to take some customers away from the M
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      02-21-2020, 12:07 PM   #24
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Porsches have always been terrible leases especially on upper trims.

0.00290 MF and 44% residual for a 36/12 lease on a Turbo according to folks on the Edmunds forum. If you want a Cayenne Turbo, you have to finance it.
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      02-21-2020, 12:12 PM   #25
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I’ve heard that Porsche makes you pay 100% of the cost of all options that exceed the first $10k on a lease.
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      02-21-2020, 12:14 PM   #26
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Quote:
Originally Posted by classic_erik View Post
This is honestly the worst possible time to walk into a dealer and ask for a lease quote on a new X5M/X6M. There are zero incentives from BMW NA and dealers aren't going to discount anything. You are just asking to get your eyes ripped out. Give it about 6 months once they actually hit the lots.
No doubt about it. Buyers have very little leverage at the moment on an F95/F96. The BMW dealer I’m working with told me yesterday that only ~40 allocations were released for the first production run (in April)...for over 300 BMW dealerships nationwide. Thus, the vast majority of dealers didn’t even get one, let alone multiple, allocations. Those dealers who did get an allocation last Friday only got one - supposedly nobody got more.

Obviously the coming months will bring more allocations as supply chains and production ramp up on the new model, but today the supply/demand dynamic will yield few discounts off MSRP.

Unfortunately, I have no patience so I will miss the better deals in 6 months.
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      02-21-2020, 12:16 PM   #27
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Originally Posted by bbal View Post
I’ve heard that Porsche makes you pay 100% of the cost of all options that exceed the first $10k on a lease.
Porsche has a Maximum Residualized MSRP (MRM) figure for all its models and if your car's price is over the MRM, the overage has a 0% residual.

I can understand why they are doing it given how extensive the options list is, since you can double the base price of some cars if you go wild on the configurator. Porsche Financial doesn't want to be saddled with options that are worthless to the next buyer when the car is returned.
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      02-21-2020, 01:16 PM   #28
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Porsche sport cars are nice, but the Cayenne is not that special, and I like the X6M inside and outside better regardless of the price.
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      02-22-2020, 02:10 PM   #29
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Got them to increase discount to a little over $5000. Dealer will receive their first allocations during the 1st week of March. Delivery anticipated for end of May.
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      02-22-2020, 11:27 PM   #30
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Glad that my F95 replacement for my current 2018 F85 won't be until earlier 2021. As previously mentioned after the 1st wave of early movers, lease prices will drop. I'm locked in at 1k under invoice exclusive of incentives for the F95 when I order later this year at buy rate MF, but it helps ordering 2 M's at once every 3 years as my F83 replacement comes first.
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      02-23-2020, 04:37 PM   #31
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Invoice on this car is about 6.5% less than retail. I'm curious how you were able to get it for 1k below invoice. For the regular X6 models, they're talking about discounts in the 10 - 12% range, before the incentives. Does anyone have an insights on how dealers are letting them go for less than invoice?
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      03-22-2020, 07:23 PM   #32
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Has anyone else gotten some numbers for a x5mc?
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      05-26-2020, 12:43 AM   #33
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      06-07-2020, 02:44 PM   #34
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Posted this in the sticky thread about lease rates as well:
New member here, appreciate the collective wisdom and knowledge in this forum!
Coming from MB and Audi, thinking about getting a BMW next. Prefer a compliant ride but also want to experience a performance vehicle, so planning on leasing a X5MC.
Here are a couple of lease quotes I got from nearby dealers in Houston, Texas.
15k miles per yr/ 36 months.
Quote 1
Selling price- $123795.00 ( No discount)
Residual - 53%
MF- .00158 ( 3.792% APR)
Initial payment: $2500 ( First month payment and fees)
Monthly payment- $2192.61

Quote 2
Selling price- $119800 ( 3.2% discount)
Residual - 53%
MF- .00118 ( 2.832%APR)
Acquisition fee- $925
TTL and Doc fees- $335.00
Monthly payment-$2176.00
Initial payment- $2176.00

My credit score is 830+.

I ran the numbers for the second quote thru multiple online calculators and monthly payments are supposed to be about $1830-1861, what am I missing?
I did not look further into the first quote due to no discounts and jacked up MF.

Both are for 2021 custom order for a X5MC with Driving assistance, Executive pkg and B&W.

Thank you and Looking forward to your opinions.
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      06-07-2020, 06:04 PM   #35
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Quote:
Originally Posted by selpo View Post
Quote 2
Selling price- $119800 ( 3.2% discount)
Residual - 53%
MF- .00118 ( 2.832%APR)
Acquisition fee- $925
TTL and Doc fees- $335.00
Monthly payment-$2176.00
Initial payment- $2176.00

My credit score is 830+.

I ran the numbers for the second quote thru multiple online calculators and monthly payments are supposed to be about $1830-1861, what am I missing?
I did not look further into the first quote due to no discounts and jacked up MF.

Both are for 2021 custom order for a X5MC with Driving assistance, Executive pkg and B&W.

Thank you and Looking forward to your opinions.
According to the numbers given, the pre-tax payment will be $1,761 a month if all fees are rolled into the lease. You need to see what else they are including in that amount. I know Texas is terrible for leasing in regards to taxes since they are based on the full price of the vehicle, perhaps they are rolling those in as well as something else. When I roll the taxes in I get a payment around $2k a month.
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      06-08-2020, 07:04 AM   #36
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Quote:
Originally Posted by TurtleBoy View Post
According to the numbers given, the pre-tax payment will be $1,761 a month if all fees are rolled into the lease. You need to see what else they are including in that amount. I know Texas is terrible for leasing in regards to taxes since they are based on the full price of the vehicle, perhaps they are rolling those in as well as something else. When I roll the taxes in I get a payment around $2k a month.
Thank you for the info, I will check with them and update this thread.
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      06-09-2020, 11:12 AM   #37
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Quote:
Originally Posted by selpo View Post
Posted this in the sticky thread about lease rates as well:
New member here, appreciate the collective wisdom and knowledge in this forum!
Coming from MB and Audi, thinking about getting a BMW next. Prefer a compliant ride but also want to experience a performance vehicle, so planning on leasing a X5MC.
Here are a couple of lease quotes I got from nearby dealers in Houston, Texas.
15k miles per yr/ 36 months.
Quote 1
Selling price- $123795.00 ( No discount)
Residual - 53%
MF- .00158 ( 3.792% APR)
Initial payment: $2500 ( First month payment and fees)
Monthly payment- $2192.61

Quote 2
Selling price- $119800 ( 3.2% discount)
Residual - 53%
MF- .00118 ( 2.832%APR)
Acquisition fee- $925
TTL and Doc fees- $335.00
Monthly payment-$2176.00
Initial payment- $2176.00

My credit score is 830+.

I ran the numbers for the second quote thru multiple online calculators and monthly payments are supposed to be about $1830-1861, what am I missing?
I did not look further into the first quote due to no discounts and jacked up MF.

Both are for 2021 custom order for a X5MC with Driving assistance, Executive pkg and B&W.

Thank you and Looking forward to your opinions.
These numbers are crazy high, I leased a fully loaded X5 50i (custom ordered), 93K MSRP, 15K miles a year and in VA the sales tax is the entire purchase amount (6%), with zero down I'm paying currently $1222 a month, I paid only the first month when taking the car.

They are doing around 10-12% discounts on the regular X5s, no reason X5M should be any less. There is currently 72 of them NEW for sale on Autotrader, these dealers been sitting on these cars for a few months because of the pandemic, if you are not getting anywhere with your dealers on a new order, start looking at these to see if you find a match in terms of build for what you want, low ball them at $100K and try to land close to $105K (on the 120+ MSPRs) instead and find out what the current lease MF is from BMW, all dealers try to jack that rate up.

Personally I'm not going to get the competition package, I'm going to order a basic X5M with almost no options, I feel like it has every option almost I had to add to my current one, that puts my already at low 100s, then with similar discounts I should be able to land it for around $1400/month lease (technically the lease should only increase by $100 for every 10K in price), I can't see myself paying any more than that. When you get to the 2K range on a lease, you may as well get an exotic, just my .02.

Last edited by ///Armin; 06-09-2020 at 11:24 AM..
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      06-09-2020, 01:51 PM   #38
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Quote:
Originally Posted by ///Armin View Post
These numbers are crazy high, I leased a fully loaded X5 50i (custom ordered), 93K MSRP, 15K miles a year and in VA the sales tax is the entire purchase amount (6%), with zero down I'm paying currently $1222 a month, I paid only the first month when taking the car.

They are doing around 10-12% discounts on the regular X5s, no reason X5M should be any less. There is currently 72 of them NEW for sale on Autotrader, these dealers been sitting on these cars for a few months because of the pandemic, if you are not getting anywhere with your dealers on a new order, start looking at these to see if you find a match in terms of build for what you want, low ball them at $100K and try to land close to $105K (on the 120+ MSPRs) instead and find out what the current lease MF is from BMW, all dealers try to jack that rate up.

Personally I'm not going to get the competition package, I'm going to order a basic X5M with almost no options, I feel like it has every option almost I had to add to my current one, that puts my already at low 100s, then with similar discounts I should be able to land it for around $1400/month lease (technically the lease should only increase by $100 for every 10K in price), I can't see myself paying any more than that. When you get to the 2K range on a lease, you may as well get an exotic, just my .02.
Thx for the info. In Texas, we have to do the same regarding the sales tax but I agree, with that factored in, I still get only 2030$ per month. The residual for X5M is pretty lousy at 53% for 3yr/15k. I need to get the selling price down, as you said.
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      06-09-2020, 03:45 PM   #39
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My trade in was $18k, used as down payment for lease.

X5MC - MSRP $123,XXX

Payments are ~ $1388/mo for 36mo/10k miles
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      06-09-2020, 04:01 PM   #40
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Quote:
Originally Posted by ///Armin View Post
These numbers are crazy high, I leased a fully loaded X5 50i (custom ordered), 93K MSRP, 15K miles a year and in VA the sales tax is the entire purchase amount (6%), with zero down I'm paying currently $1222 a month, I paid only the first month when taking the car.

They are doing around 10-12% discounts on the regular X5s, no reason X5M should be any less. There is currently 72 of them NEW for sale on Autotrader, these dealers been sitting on these cars for a few months because of the pandemic, if you are not getting anywhere with your dealers on a new order, start looking at these to see if you find a match in terms of build for what you want, low ball them at $100K and try to land close to $105K (on the 120+ MSPRs) instead and find out what the current lease MF is from BMW, all dealers try to jack that rate up.

Personally I'm not going to get the competition package, I'm going to order a basic X5M with almost no options, I feel like it has every option almost I had to add to my current one, that puts my already at low 100s, then with similar discounts I should be able to land it for around $1400/month lease (technically the lease should only increase by $100 for every 10K in price), I can't see myself paying any more than that. When you get to the 2K range on a lease, you may as well get an exotic, just my .02.
If you want the best deal on these cars you are going to have to wait a few months. The low inventory isn't helping buyers get those 10% percent off deals. If you look at most dealers across the US most of them have maybe 1 or 2 X5M HEA cars in stock. Pre covid lock down you can get 11% off a regular X5 but now dealers are sticking to about 6% off. I've had two other friends shop and both of them couldn't get above 6% off. The sales guy flat out said he can't get enough X5s to sell after the factory shut down and all of the builds either got backed up or cancelled. I suspect once inventory builds back up and dealers starts filling up with 2021 models you will see these 2020 go for a much bigger discount but that is not happening right now given the unique series of events.

Alan
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      06-09-2020, 06:04 PM   #41
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why waste $18k down payment on a lease? you plan on keeping the lease and purchase on the back end?
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      06-09-2020, 06:52 PM   #42
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Quote:
Originally Posted by dds007 View Post
My trade in was $18k, used as down payment for lease.

X5MC - MSRP $123,XXX

Payments are ~ $1388/mo for 36mo/10k miles
You know if the car is totaled those $18K are lost?

Also, your effective payment is $1888 a month.
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      06-09-2020, 08:00 PM   #43
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Quote:
Originally Posted by Alan l. View Post
If you want the best deal on these cars you are going to have to wait a few months. The low inventory isn't helping buyers get those 10% percent off deals. If you look at most dealers across the US most of them have maybe 1 or 2 X5M HEA cars in stock. Pre covid lock down you can get 11% off a regular X5 but now dealers are sticking to about 6% off. I've had two other friends shop and both of them couldn't get above 6% off. The sales guy flat out said he can't get enough X5s to sell after the factory shut down and all of the builds either got backed up or cancelled. I suspect once inventory builds back up and dealers starts filling up with 2021 models you will see these 2020 go for a much bigger discount but that is not happening right now given the unique series of events.

Alan
Makes sense. The good news is I am not time constrained and can wait till the fall. I did hear that they are not taking orders for anymore 2020’s and all the new builds will be 2021- if you believe the SA!
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      06-09-2020, 08:03 PM   #44
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Quote:
Originally Posted by Penguino View Post
You know if the car is totaled those $18K are lost?
That is not correct in all circumstances. It depends on the lease contract, insurance payoff amount, current value etc. That said, it generally is not beneficial to make a down payment on a lease.
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