[biharris84]

Hey all,
Went and looked at a X5 50i today and was given an estimate of $1498.12 per month on 36/12.

I'm currently in a lease and they are trying to get me to get into this one as well by paying off my remaining payments, about $5k worth. I'd keep the current car and return it in 6 months.

MSRP - $90,305
Incentives - $750 conquest (I do qualify for the $1000 student discount as well as the $1000 for the test drive, these were not included)
Money Factor - .00217
Residual - $52,376.90

Due at signing - $2,317

I'm likely not going to pull the trigger as I don't need to have three cars, but the deal is somewhat tempting. I do think there is another 1% or two in discounting they can do. Might also be worth waiting till April or May to see what incentives come out as the current ones don't seem that great. That's another three payments off my current lease that will have been paid. Plus I will be able to use the test drive rebate up to that point as well.

Any thoughts on this?

[mattsrs]

They have marked up MF! Should be 0.00177. if you can, wait until your current lease is up to get best

[biharris84]

I did notice that and have used the .00177 when using calculator.net. That among the missed incentives will be talking points when we meet again on Wednesday.

In this deal, keeping the current lease costs me about 140 per month. My wife was nearly ready to pull the trigger, but we walked away. It's between this and a Range Rover Sport HSE Dynamic.

[MystroX5]

Dig yourself out of your other lease first. Late winter, car sales are dead and they want to move inventory. Spring/summer sales are significantly higher.

[biharris84]

Originally Posted by MystroX5

Dig yourself out of your other lease first. Late winter, car sales are dead and they want to move inventory. Spring/summer sales are significantly higher.

Fair point. Might get a better deal around the Nov. timeframe.

[mnx5er]

I would wait for the 2020 model. Yes the G05 is a fantastic vehicle (and I have a 50i) but the damn thing has issues. Those should clear by fall. Nothing worse than issues with a leased car.

[biharris84]

My current Cadillac had its motor rebuilt at 700 miles. What a pita.

[calpharo]

Wow. Those monthly payments are outrageous. My 2018 M5 with MSRP in the 115k range is less than that with no money down either....

[biharris84]

Originally Posted by calpharo

Wow. Those monthly payments are outrageous. My 2018 M5 with MSRP in the 115k range is less than that with no money down either....

So post your deal. This is 5.5% off sticker plus 750 incentive. As stated, there should be another 5% to 6% of room in here.

[760Lifan]

IMO, there is something wrong with those numbers.

My 2017 Audi Q7 which is known for its bad lease deals had an MSRP of $88K and my total out of pocket was $3K. I gout 6% off MSRP.

Granted, I leased it with 36/10K miles/year but I'm paying $1,345/month.

$1,500 sounds waaay too high!

EDIT: OH..WAIT..I just noticed that they included $5K from your current lease - that's $140/month right there.

That makes the deal a bit better but since it's still at my Audi-level, it's still a bit too high. I would wait a bit and aim for 10% off MSRP.

[biharris84]

Yeah, the money toward the lease is a non-factor. I'm likely to order so I can get the spec I want. That puts me 3 to 4 months out and cuts the 5k toward the lease in half. The incentives now are crap though.