BMW X5
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

Post Reply
 
Thread Tools Search this Thread
      12-08-2020, 03:18 PM   #1
GSI905
Private
United_States
179
Rep
63
Posts

Drives: MY22 Porsche Panamera Turbo S
Join Date: Mar 2018
Location: NEW JERSEY

iTrader: (0)

2021 BMW X5 M50I Lease takeover in NJ

BIMMERPOST / Classifieds
Asking Price:
Sold

Item Interest
Please see the below thread for images, Contact me for Incentive Amount

https://g05.bimmerpost.com/forums/sh...php?p=26651279

Black Sapphire Metallic/Black Vernasca Leather
30 months remaining on the lease
Payment is 1690.00
The vehicle is located in Wayne, NJ 07470
Will ship at buyers expense
Current mileage 4500 mi
36,025 Miles/36Mon.
Lease expiration is Aug 20, 2023
Purchaser is responsible for transfer fee and any other taxes

Tire/Wheel Insurance included.
Front side windows tinted to match the rear windows.
Ceramic coating is done by Fanatix Autospa.

EXECUTIVE PACKAGE
Gesture Control
Glass Controls
Head-up Display
Icon Adaptive LED Headlights with Laserlight
Panoramic Sky Lounge LED Roof
Rear manual side window shades

DYNAMIC HANDLING PACKAGE
Active Roll Stabilization
Adaptive M Suspension Professional
Integral Active Steering

DRIVING ASSISTANCE PROFESSIONAL PACKAGE
Active Driving Assistant Pro
Extended Traffic Jam Assistant for limited access highways

PARKING ASSISTANCE PACKAGE
Active Park Distance Control
Drive Recorder
Parking Assistant Plus
Surround View w/ 3D View

ADDED OPTIONS
22" M Double-spoke black wheels, style 742M w/ performance non run-flat tires
Red Brake Calipers
Anthracite Alcantara Headliner
Bowers & Wilkins Diamond Surround Sound System
Extended Shadowline Trim
Front and Rear Heated Seats
Front massaging seats
Heated Front Seats, Armrests & Steering Wheel
Individual Piano Black Finish trim
Space-saver spare


Last edited by GSI905; 12-09-2020 at 01:03 PM.. Reason: Missing information
Appreciate 0
      12-18-2020, 09:40 PM   #2
infamousdiz
Major
infamousdiz's Avatar
United_States
597
Rep
1,206
Posts

Drives: (17 X5M)gone 2018M3CS HERE
Join Date: Jun 2014
Location: Connecticut

iTrader: (1)

Quote:
Originally Posted by GSI905 View Post
Please see the below thread for images, Contact me for Incentive Amount

https://g05.bimmerpost.com/forums/sh...php?p=26651279

Black Sapphire Metallic/Black Vernasca Leather
30 months remaining on the lease
Payment is 1690.00
The vehicle is located in Wayne, NJ 07470
Will ship at buyers expense
Current mileage 4500 mi
36,025 Miles/36Mon.
Lease expiration is Aug 20, 2023
Purchaser is responsible for transfer fee and any other taxes

Tire/Wheel Insurance included.
Front side windows tinted to match the rear windows.
Ceramic coating is done by Fanatix Autospa.

EXECUTIVE PACKAGE
Gesture Control
Glass Controls
Head-up Display
Icon Adaptive LED Headlights with Laserlight
Panoramic Sky Lounge LED Roof
Rear manual side window shades

DYNAMIC HANDLING PACKAGE
Active Roll Stabilization
Adaptive M Suspension Professional
Integral Active Steering

DRIVING ASSISTANCE PROFESSIONAL PACKAGE
Active Driving Assistant Pro
Extended Traffic Jam Assistant for limited access highways

PARKING ASSISTANCE PACKAGE
Active Park Distance Control
Drive Recorder
Parking Assistant Plus
Surround View w/ 3D View

ADDED OPTIONS
22" M Double-spoke black wheels, style 742M w/ performance non run-flat tires
Red Brake Calipers
Anthracite Alcantara Headliner
Bowers & Wilkins Diamond Surround Sound System
Extended Shadowline Trim
Front and Rear Heated Seats
Front massaging seats
Heated Front Seats, Armrests & Steering Wheel
Individual Piano Black Finish trim
Space-saver spare
Sorry but I have to be "that guy" $1700..... you got your head taken off, that's what a X5M COMP lease should be.......but GLWS
__________________
I didn't know I couldn't do that. But I did know I couldn't do that.
Appreciate 2
NoSugar134.50
BigHunk269.50
      12-19-2020, 10:36 AM   #3
bforbrian
Captain
bforbrian's Avatar
702
Rep
697
Posts

Drives: 2020 BMW X5 x40i
Join Date: Jul 2016
Location: New York, NY

iTrader: (0)

Holy smokes that is a high payment. Looks like a heavily optioned car, but the discount from MSRP was probably minimal and the taxes might have been rolled into the payment. Good luck with sale... beautiful car nonetheless
Appreciate 0
      12-20-2020, 07:32 AM   #4
EasternLI
Private First Class
United_States
58
Rep
121
Posts

Drives: 21%E2%80%99 X5 40i MSport
Join Date: Sep 2020
Location: Long Island, NY

iTrader: (0)

Quote:
Originally Posted by bforbrian View Post
Holy smokes that is a high payment. Looks like a heavily optioned car, but the discount from MSRP was probably minimal and the taxes might have been rolled into the payment. Good luck with sale... beautiful car nonetheless
Yup nicely optioned but the monthly would have to be about $300-400 cheaper to get any interest, at the current price you can pick up a new X5MC
Appreciate 2
NoSugar134.50
BigHunk269.50
      12-24-2020, 09:25 PM   #5
GSI905
Private
United_States
179
Rep
63
Posts

Drives: MY22 Porsche Panamera Turbo S
Join Date: Mar 2018
Location: NEW JERSEY

iTrader: (0)

Quote:
Originally Posted by infamousdiz View Post
Sorry but I have to be "that guy" $1700..... you got your head taken off, that's what a X5M COMP lease should be.......but GLWS
Well, my original payment was $1330 with first mounth out of packet only, then I added Tire/Wheel Insurance and Upgraded Maintenance plus $7000 negative equity from my trade; instead of paying that $7,000 upfront, I thought I would use it to give later as an incentive. Does it make sense now?

Stay safe and happy holidays!
Appreciate 0
      12-26-2020, 02:55 PM   #6
gqgambler
Major
gqgambler's Avatar
United_States
716
Rep
1,449
Posts

Drives: Fast & Furious
Join Date: Jun 2018
Location: Beast from the East

iTrader: (1)

Beautiful car, but you are going to have to offer incentives to get people interested. No one is going to want to take on your $7000 of negative equity which is saddled with taxes. Even if you offer that over the life of the lease, its only about $212 a month credit making a payment of around $1478. On top of that you've exceeded the monthly mileage average by putting on double what would be expected since you got the car. Plus why pay for the upgraded maintenance on a leased car unless you anticipated high use and wear. Unfortunately I suspect your buyout would be high as well, but could be another option for someone taking over your lease.
__________________
No. Try not. Do. Or do not. There is no try.
-Yoda
Appreciate 3
      12-27-2020, 12:00 AM   #7
AmooManiak
Lieutenant Colonel
632
Rep
1,579
Posts

Drives: 21 X5 M50i -> M2C -> 21 M5C
Join Date: Aug 2016
Location: Illinois

iTrader: (0)

Agree with gqgambler - that doesn't add up. It's a well equipped car - what was the MSRP on it (I'm sure the person taking over will like to know.) Window sticker may help.

It sounds like you are expecting the person taking over your lease to eat your negative equity. You will need to give that $7,000 incentive to the new person - at a minimum for someone to even consider that deal. Try Leastrader or Swapalease?

Sorry to be harsh, but sometimes that's needed for someone to think realistically.

Good luck! I know it sucks having negative equity in a car, but sometimes you have to bite the bullet by either offering more incentives or keeping it. You are very early into the lease for someone to pick this over a new one. Maybe with 12 to 18 months remaining, someone may considering it as a short term lease.

Last edited by AmooManiak; 12-27-2020 at 12:23 AM..
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 03:08 AM.




xbimmers
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST