Just ordered my new X5

[BMWMN1971]

Just ordered the following:

X5 Xdrive35i
Black Sapphire Metallic
Black Dakota Leather
Poplar Wood Trim
M Sport Package
Cold Weather Package
Lighting Package
Rear View Camera
Rear Manual Window Shades

According to the sales person the car is expected to be ready on week 45.

[nwshore]

Originally Posted by BMWMN1971

Just ordered the following:

X5 Xdrive35i
Black Sapphire Metallic
Black Dakota Leather
Poplar Wood Trim
M Sport Package
Cold Weather Package
Lighting Package
Rear View Camera
Rear Manual Window Shades

According to the sales person the car is expected to be ready on week 45.

Do you care to share what kind of deal you got?

[BMWMN1971]

It was a leasing (12K miles 36 months). Don't have all the paperwork with me right now but here are the numbers that are very close to what I got:

MSRP - $65,725 (got a discount of ~ $2,500)
Residual 60%
Money factor 0.00125
Down ~ $3,450 (1st payment, registration, fees, all sales taxes)
Monthly payment ~ $765

These numbers include $1,000 + $575 incentives from BMW for existing leasing customers.

Originally Posted by nwshore

Do you care to share what kind of deal you got?

[nwshore]

Originally Posted by BMWMN1971

It was a leasing (12K miles 36 months). Don't have all the paperwork with me right now but here are the numbers that are very close to what I got:

MSRP - $65,725 (got a discount of ~ $2,500)
Residual 60%
Money factor 0.00125
Down ~ $3,450 (1st payment, registration, fees, all sales taxes)
Monthly payment ~ $765

These numbers include $1,000 + $575 incentives from BMW for existing leasing customers.

That sounds like a great deal. Congratulations! BTW, I am also from MN, which dealer did you go through?

[chrisny]

Originally Posted by BMWMN1971

It was a leasing (12K miles 36 months). Don't have all the paperwork with me right now but here are the numbers that are very close to what I got:

MSRP - $65,725 (got a discount of ~ $2,500)
Residual 60%
Money factor 0.00125
Down ~ $3,450 (1st payment, registration, fees, all sales taxes)
Monthly payment ~ $765

These numbers include $1,000 + $575 incentives from BMW for existing leasing customers.

I'm assuming the $1000 was loyalty, what was the 575 for?

[BMWMN1971]

It was $500. It is called turn-key payment credit

Originally Posted by chrisny

I'm assuming the $1000 was loyalty, what was the 575 for?

[BMWMN1971]

Motorwerks in Bloomington

Originally Posted by nwshore

That sounds like a great deal. Congratulations! BTW, I am also from MN, which dealer did you go through?

[chrisny]

Originally Posted by BMWMN1971

It was $500. It is called turn-key payment credit

Thanks. I think my CA mentioned something about BMW making first payment, guess that's what it's called..

[newbimmerx5]

Originally Posted by BMWMN1971

It was a leasing (12K miles 36 months). Don't have all the paperwork with me right now but here are the numbers that are very close to what I got:

MSRP - $65,725 (got a discount of ~ $2,500)
Residual 60%
Money factor 0.00125
Down ~ $3,450 (1st payment, registration, fees, all sales taxes)
Monthly payment ~ $765

These numbers include $1,000 + $575 incentives from BMW for existing leasing customers.

Total cost of lease is $31,000.
If you have to purchase it then it would have been $65K including taxes.

So, the value of the vehicle is only $34K after 3 years. That's a huge depreciation.

I think it can value above 45k with 36K miles on it.

[nwshore]

Originally Posted by BMWMN1971

Motorwerks in Bloomington

Thanks so much! That $2500 discount, does it include the $1000 loyalty incentive + $500 turnkey payment credit? Or is it on top of all those?

[BMWMN1971]

Discount was given over the MSRP. The $1500 BMW incentives come later and basically discount the money down you have to pay upfront.

Originally Posted by nwshore

Thanks so much! That $2500 discount, does it include the $1000 loyalty incentive + $500 turnkey payment credit? Or is it on top of all those?