My Take: The X3, X5 and X6 lease rates remain unchanged from last month. This means that the X5 and X6 are still pretty good leases right now. A little side note on the X3…the numbers may look pretty bad, but this model does qualify for about $3500 in the “Cash for Clunkers” program, so be sure to look into it if you have a clunker to trade in. The $1750 lease cash is still available on the X5 and X6 this month.
Check out the new LIST for the recommended leases of the month.
2009 BMW X-Series
2009 BMW X3 xDrive30i
24-month | 15k miles | residual 57% | .00235 base money factor
36-month | 15k miles | residual 53% | .00235 base money factor
48-month | 15k miles | residual 30% | .00265 base money factor
60-month | 15k miles | residual 25% | .00265 base money factor
2009 BMW X5 xDrive 30i
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 36% | .00265 base money factor
60-month | 15k miles | residual 30% | .00265 base money factor
2009 BMW X5 xDrive 35d
24-month | 15k miles | residual 61% | .00250 base money factor
36-month | 15k miles | residual 55% | .00250 base money factor
48-month | 15k miles | residual 36% | .00265 base money factor
60-month | 15k miles | residual 30% | .00265 base money factor
2009 BMW X5 xDrive 48i
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 30% | .00265 base money factor
60-month | 15k miles | residual 25% | .00265 base money factor
2009 BMW X6 xDrive 35i
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 32% | .00265 base money factor
60-month | 15k miles | residual 28% | .00265 base money factor
2009 BMW X6 xDrive 50i
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 30% | .00265 base money factor
60-month | 15k miles | residual 25% | .00265 base money factor
G,
Why is gap reduction such a bad thing? Besides coming with all that cash up front and losing it if the car is totalled, what are the other negatives?
Thanks!
you mean cap reduction? Well that is the biggest reason not to do it. Plus maybe the fact that your money could be invested somewhere else, instead of putting it on a depreciating asset.
Need your help – current (Aug 2009) advertised X5 lease offer has MSRP of $52,225, $4k down, $1,750 from BMW to lower cap cost, residual value of $30,291 (58%), 36 month term, 10k annual miles for $539 per month – does this indicate a money factor of 0.00109? Using 0.0018 would result in a payment of $593.65 – diff of $55/mo. Dealer will not acknowledge this. Thanks.
@mike. we’re missing a lot of information, so to simply assume the residual value is dropping just to match the payment may be somewhat misleading. Truth is, a dealer unwilling to confirm the MF is a dealer I wouldn’t lease from. I don’t know why anyway would want to deal with a dealer that is so secretive. We are entitled to that information, kind of how we are entitled to know what interest we are being charged on a personal, auto or mortgage loan. Leasing is no different, it is still a loan. With that said, you are missing the sale price, so I cannot accurately estimate where the payments should be.
@gene
prices in the ads say $599 $499 a month, wow what a great deal right? (no way)
fine print is $3k $4$k down *aka cap* fees & tax more
your just givn your cash up front & it’s taxed the same
if you was going to rent a apt. for $1000 2 year lease the landlord said give me $2400 upfront and fees etc. And he would make it $900 pay now or later same thing just cheaper monthly payment same money in the lease
don’t make the same mistake I did
do just upfront fees no cap cost reduction
I hope my rant helps some1 not get burned
G,
Thanks for the reply. Another question – is the residual value for a lease based on the discounted price or the original MSRP?
Thanks,
Mike
@mike. residual is calculated based on the MSRP of the vehicle. So your loan is essentially the difference between your negotiated sale price minus the residual value off MSRP.