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      12-13-2019, 06:12 PM   #1
Krish_1
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Lease: Please weigh in!

Will one of the lease gurus please weigh in on this deal? I am unclear as to why the payment is so much higher than my 80k msrp M3, so posting here. Thanks in advance!

MSRP: $69,095
Selling Price: $62,976
Rebates: $1,250 (Including Loyalty or whatever)
Adjusted Cap cost: $65,535
Miles/yr: 10k
Lease Factor: 0.00148
Money down: $1,286.55 (Including first month's payment)

Total lease/month: $863

Please note, I am in NY, so I think taxes on lease work differently than other states.
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      12-13-2019, 11:19 PM   #2
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Quote:
Originally Posted by Krish_1 View Post
Will one of the lease gurus please weigh in on this deal? I am unclear as to why the payment is so much higher than my 80k msrp M3, so posting here. Thanks in advance!

MSRP: $69,095
Selling Price: $62,976
Rebates: $1,250 (Including Loyalty or whatever)
Adjusted Cap cost: $65,535
Miles/yr: 10k
Lease Factor: 0.00148
Money down: $1,286.55 (Including first month's payment)

Total lease/month: $863

Please note, I am in NY, so I think taxes on lease work differently than other states.
That's how much I pay for a 2020 40i with a MSRP of 78k with 10k/year. You need to try and get more discount off the MSRP. It looks like it's only a 9% off and he bumped the MF to .00145 instead of the base .00128. Lease outside of NY to bring the MF down by putting a security deposit.
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      12-14-2019, 06:12 AM   #3
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They are juicing up the MF by .0002, it should be .00128. Your getting 8.8% off prior to rebate. You can easily get that to 10%+. $3,809 in Fees seems high. Never put any money down on a lease (can’t recoup whatever money you put down from insurance company if car is totaled).

FYI my lease I just signed on the 2020 X5 custom build is for $812 all in for a 77,395k car (except I have 7,500 miles not 10k) but just for reference.
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      12-14-2019, 08:02 AM   #4
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Lease I signed for 78,020 msrp custom build x40i is 799 mo, taxes and fees paid upfront ($0 down) and 10k miles in NY.
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      12-14-2019, 08:19 AM   #5
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Quote:
Originally Posted by HeynowbababooeyAckAck View Post
$3,809 in Fees seems high. Never put any money down on a lease (canít recoup whatever money you put down from insurance company if car is totaled)..

Those are mostly taxes, in NY the sales tax on the entire lease amount needs to be paid upfront when the lease is signed. Many roll the taxes into the lease.

While the circumstances would be rare, if the insurance payout is more than what is owed to the lease company, the lease company will cut you a check for the difference. The process is not different than putting a down payment on a vehicle when financing.
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      12-14-2019, 08:31 PM   #6
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Thought I might get some more feedback on this thread! I'm looking into ordering a 2020 X5 sDrive40i, and the best deal I've gotten so far is this:

MSRP: $69,170
Selling Price: $61,670 (10.8% discount) before incentives
Residual: 55% (36-month/12k lease)
Money Factor: 0.00128
Incentives: $2,250 total ($1,000 lease credit; $1,250 loyalty)
MSDs: None
Total driveoff: $2,500
Monthly Payment: $799/month (includes 9.5% LA County tax)

Here is the build:

2020 X5 sDrive40i
xLine
Alpine White
Canberra Beige/Black SensaTec
Fineline Stripe Brown High Gloss Wood trim
21" Y-spoke bi-color wheels (Style 744) w/ PRF tires
Executive Package
M Sport Brakes
Front and Rear Heated Seats
Heated Front Seats Armrests & Steering Wheel
Harman Kardon surround sound system

I welcome your feedback and thoughts! Good deal/bad deal? Should I be getting more of a discount off the MSRP? Thanks everyone.
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      12-14-2019, 08:53 PM   #7
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^ Your deal looks good to me. You are getting a good discount from MSRP, base MF and the available incentives. As long as they are not charging you for some extra add on fees you should be fine. Congratulations on getting it.
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      12-14-2019, 09:16 PM   #8
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Originally Posted by TurtleBoy View Post
^ Your deal looks good to me. You are getting a good discount from MSRP, base MF and the available incentives. As long as they are not charging you for some extra add on fees you should be fine. Congratulations on getting it.
Thank you!
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      12-15-2019, 12:17 AM   #9
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Quote:
Originally Posted by bluzbra View Post
Thought I might get some more feedback on this thread! I'm looking into ordering a 2020 X5 sDrive40i, and the best deal I've gotten so far is this:

MSRP: $69,170
Selling Price: $61,670 (10.8% discount) before incentives
Residual: 55% (36-month/12k lease)
Money Factor: 0.00128
Incentives: $2,250 total ($1,000 lease credit; $1,250 loyalty)
MSDs: None
Total driveoff: $2,500
Monthly Payment: $799/month (includes 9.5% LA County tax)

Here is the build:

2020 X5 sDrive40i
xLine
Alpine White
Canberra Beige/Black SensaTec
Fineline Stripe Brown High Gloss Wood trim
21" Y-spoke bi-color wheels (Style 744) w/ PRF tires
Executive Package
M Sport Brakes
Front and Rear Heated Seats
Heated Front Seats Armrests & Steering Wheel
Harman Kardon surround sound system

I welcome your feedback and thoughts! Good deal/bad deal? Should I be getting more of a discount off the MSRP? Thanks everyone.
Looks like a great deal to me!! Would you kindly share your dealer info if you don't mind?
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      12-15-2019, 06:40 AM   #10
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Quote:
Originally Posted by bluzbra View Post
Thought I might get some more feedback on this thread! I'm looking into ordering a 2020 X5 sDrive40i, and the best deal I've gotten so far is this:

MSRP: $69,170
Selling Price: $61,670 (10.8% discount) before incentives
Residual: 55% (36-month/12k lease)
Money Factor: 0.00128
Incentives: $2,250 total ($1,000 lease credit; $1,250 loyalty)
MSDs: None
Total driveoff: $2,500
Monthly Payment: $799/month (includes 9.5% LA County tax)

Here is the build:

2020 X5 sDrive40i
xLine
Alpine White
Canberra Beige/Black SensaTec
Fineline Stripe Brown High Gloss Wood trim
21" Y-spoke bi-color wheels (Style 744) w/ PRF tires
Executive Package
M Sport Brakes
Front and Rear Heated Seats
Heated Front Seats Armrests & Steering Wheel
Harman Kardon surround sound system

I welcome your feedback and thoughts! Good deal/bad deal? Should I be getting more of a discount off the MSRP? Thanks everyone.
Honestly, it’s okay a for 69k MSRP w/ 12k miles. Your putting 2,500 down, of which 799 is your first payment. So in actuality your deal is 2500-799=1701. 1701/36=47.25. 47.25+799= 846.25 plus first month down of 799 as your true overall lease deal.

FYI my deal I did last week is for a 77,395k MSRP for 812 a month $0 down not even first month. A true sign & drive.

Last edited by HeynowbababooeyAckAck; 12-15-2019 at 07:21 AM..
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      12-15-2019, 06:43 AM   #11
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Quote:
Originally Posted by HeynowbababooeyAckAck View Post
Pretty good, but your still putting 2,500 down. It should in theory be $0 in the opinion of lease experts. Worst case first month only.
And they are wrong in many, probably most, instances. Why finance the fees, taxes, etc. unless you are getting an extremely low, think under 1% equivalent, MF.
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      12-15-2019, 07:13 AM   #12
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Quote:
Originally Posted by TurtleBoy View Post
And they are wrong in many, probably most, instances. Why finance the fees, taxes, etc. unless you are getting an extremely low, think under 1% equivalent, MF.
Because .00128MF is 3.07% interest. There are many investments that you can put that down payment money into that will net yield post tax more than 3.07 annually for 3 years. Don’t give the bank a penny more than you have to, take that money instead of giving it to the bank to use, and use it yourself!

Last edited by HeynowbababooeyAckAck; 12-15-2019 at 07:29 AM..
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      12-15-2019, 09:00 AM   #13
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And those same ones can lose that same percentage or more, we aren’t taking about long term investments but rather similar savings/investment instruments. If you have that in a high yield account you are getting under 2% so you are better off using that rather than financing. It is all a matter of personal preference and risk tolerance. Any “expert” that makes blanket statements regarding investing/leasing/etc. is not helpful and generally is incorrect.

Last edited by TurtleBoy; 12-15-2019 at 06:57 PM.. Reason: grammer
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      12-15-2019, 01:02 PM   #14
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Quote:
Originally Posted by HeynowbababooeyAckAck View Post
Honestly, it’s okay a for 69k MSRP w/ 12k miles. Your putting 2,500 down, of which 799 is your first payment. So in actuality your deal is 2500-799=1701. 1701/36=47.25. 47.25+799= 846.25 plus first month down of 799 as your true overall lease deal.

FYI my deal I did last week is for a 77,395k MSRP for 812 a month $0 down not even first month. A true sign & drive.
I saw your deal breakdown on the other thread. Your residual is about 4% ahead of mine because you got an xDrive with only 7,500 miles/year and I'm getting an sDrive with 12,000 miles/year. Does the $812/month include 9.5% (or something comparable) in sales tax like mine does or is that the base payment? Comparing apples to apples your deal is likely better because of the discount you received off the MSRP (13.5% vs. 10.8% for mine). I don't think any SoCal dealer would be willing to give me 13.5%, unfortunately. And I typically am not a fan of putting anything down when leasing. I always roll everything in and just sign and drive (35 payments), but I figured I'd be getting $1,000 back from CCA membership and I'm skipping 2 payments on my current X5 payment ($750) because it's being transferred to someone else, so I'm technically breaking even. Sure I could put the $2,500 somewhere else and MAYBE get money on it. But I'd rather have a sub-$800 payment with taxes included.
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      12-15-2019, 02:28 PM   #15
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Quote:
Originally Posted by bluzbra View Post
I saw your deal breakdown on the other thread. Your residual is about 4% ahead of mine because you got an xDrive with only 7,500 miles/year and I'm getting an sDrive with 12,000 miles/year. Does the $812/month include 9.5% (or something comparable) in sales tax like mine does or is that the base payment? Comparing apples to apples your deal is likely better because of the discount you received off the MSRP (13.5% vs. 10.8% for mine). I don't think any SoCal dealer would be willing to give me 13.5%, unfortunately. And I typically am not a fan of putting anything down when leasing. I always roll everything in and just sign and drive (35 payments), but I figured I'd be getting $1,000 back from CCA membership and I'm skipping 2 payments on my current X5 payment ($750) because it's being transferred to someone else, so I'm technically breaking even. Sure I could put the $2,500 somewhere else and MAYBE get money on it. But I'd rather have a sub-$800 payment with taxes included.
My tax is 7%. The 812 includes it. Now Iím starting to pinpoint the percentage differences. 4% in Residual. 2.5% in tax. And slightly more in fees. So all said and done, your deal is better than I originally thought.
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      12-16-2019, 02:08 PM   #16
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You guys saved me $100/mo! Big kudos to all of you.
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      12-16-2019, 02:11 PM   #17
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Originally Posted by Krish_1 View Post
You guys saved me $100/mo! Big kudos to all of you.
Whatís your new deal?!?!
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      12-16-2019, 02:57 PM   #18
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Quote:
Originally Posted by HeynowbababooeyAckAck View Post
Whatís your new deal?!?!
Waiting for the final paperwork, but

MSRP of $69,095
MF 0.00128
Down: $2,500 (Bad idea, but wife's parents' Christmas gift to her)
10k/month, 36 month lease.

Payment is $759/mo
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      12-16-2019, 03:43 PM   #19
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Quote:
Originally Posted by Krish_1 View Post
Waiting for the final paperwork, but

MSRP of $69,095
MF 0.00128
Down: $2,500 (Bad idea, but wife's parents' Christmas gift to her)
10k/month, 36 month lease.

Payment is $759/mo
That's fantastic, congrats!
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      12-16-2019, 06:58 PM   #20
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Quote:
Originally Posted by Krish_1 View Post
Waiting for the final paperwork, but

MSRP of $69,095
MF 0.00128
Down: $2,500 (Bad idea, but wife's parents' Christmas gift to her)
10k/month, 36 month lease.

Payment is $759/mo
Much better! Congrats.
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      01-01-2020, 10:22 PM   #21
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Quote:
Originally Posted by Krish_1 View Post
Waiting for the final paperwork, but

MSRP of $69,095
MF 0.00128
Down: $2,500 (Bad idea, but wife's parents' Christmas gift to her)
10k/month, 36 month lease.

Payment is $759/mo
Did you consider instead putting that money towards MSDs to lower the MF? Either way, congrats!!! Come back and post pics!
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