My Take: If we are talking straight up lease rates, then the X6 5.0i has the best combination of money factor and residual for all Xs. To answer Don’s question, the MF isn’t 0.00121. As a matter of fact, in order to get the base rate of 0.00175, you have to have fantastic credit AND put a security deposit of $700. By the way, where did you get 0.00121 from? Finance APR? FYI, APR offers are for purchases, not leases, so they don’t translate to the same thing. $2500 + $1750 off MSRP is probably doable thought. You are still looking at $900 payments after taxes with just inception fees. You will need to drop a whopping $4000-$5000 down in order to bring down the payments to the advertised, $699+tax BMWUSA.com is promoting.
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| At Invoice | At MSRP | |||||
| Make/Model | Invoice | MSRP | 24-month | 36-month | 24-month | 36-month |
| 09 BMW X6 xDrive 5.0i | $62,145 | $67,475 | $1055 | $816 | $1286 | $973 |
NOTE: Estimates assuming the following conditions:
- Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
- Local Taxes not included.
- 24-month/15k and 36-month/15k terms.
- All cars are stock, without any options.
- No rebates/incentives applied
2009 BMW X3
2009 BMW X3 xDrive 3.0i
24-month | 15k miles | residual 57% | .00250 base money factor
36-month | 15k miles | residual 53% | .00250 base money factor
48-month | 15k miles | residual 30% | .00260 base money factor
60-month | 15k miles | residual 26% | .00260 base money factor
2009 BMW X5
2009 BMW X5 xDrive 3.0i
24-month | 15k miles | residual 62% | .00180 base money factor
36-month | 15k miles | residual 55% | .00180 base money factor
48-month | 15k miles | residual 37% | .00260 base money factor
60-month | 15k miles | residual 32% | .00260 base money factor
2009 BMW X5 xDrive 3.5d
24-month | 15k miles | residual 61% | .00170 base money factor
36-month | 15k miles | residual 55% | .00170 base money factor
48-month | 15k miles | residual 37% | .00260 base money factor
60-month | 15k miles | residual 31% | .00260 base money factor
2009 BMW X5 xDrive 4.8i
24-month | 15k miles | residual 62% | .00155 base money factor
36-month | 15k miles | residual 56% | .00155 base money factor
48-month | 15k miles | residual 31% | .00260 base money factor
60-month | 15k miles | residual 26% | .00260 base money factor
2009 BMW X6
2009 BMW X6 xDrive 3.5i
24-month | 15k miles | residual 61% | .00200 base money factor
36-month | 15k miles | residual 57% | .00200 base money factor
48-month | 15k miles | residual 34% | .00260 base money factor
60-month | 15k miles | residual 29% | .00260 base money factor
2009 BMW X6 xDrive 5.0i
24-month | 15k miles | residual 61% | .00175 base money factor
36-month | 15k miles | residual 58% | .00175 base money factor
48-month | 15k miles | residual 32% | .00260 base money factor
60-month | 15k miles | residual 27% | .00260 base money factor
Thanks for replying G. I called my local dealer and you are right .00175 is the best rate. I still can’t figure out what they are doing on that bmwusa.com deal they have posted – maybe I’m missing something else that is reducing cap cost: (from the site)
MSRP: $69,675
Loyalty Cash: ($1,750)
Down pmt: ($4,750)
Net Cap Cost: $63,175
Residual – 61% or $42,502
If you plug in .00175 for MF you get a payment of $759 before tax.
When I plug in 2.9% (same as finance rate) or .00121 I coincently come up with the advertised payment of $699 which I why I asked the question as I’m off about 2 grand over the course of the lease. Thanks again for your help G!
There needs to be some dealer contribution to make this happen. You see, at this point, the dealer is not lowering the price of the vehicle at all. Instead, it is the mfg that offers the loyalty cash and you pay down the rest. Essentially the dealer would have to contribute about $2000 in order to put you at around $699 per month + tax. Generally speaking, advertised deals suck. They require way too much upfront and doesn’t really take in consideration certain markets were dealers are willing to discount more.
Here’s a scenario for you…Assuming I was the one shopping for this car, this is what I would shoot for…
MSRP $70,675
Invoice $65,055 (thats invoice)
Loyalty 1750 (assuming i qualify)
Net Cap $63,305
RV 61%
Term 36mo
Monthly $747+tax
Inception fee would be 700 deposit + dmv, + bank acq + 1st payment + tire tax, which should roughly add up to about $2500 or so. If you wanted to put more money down (which I don’t recommend), you could do so to bring down the payments.