Earlier this year I totaled my Q5, which I had just leased 9 months prior…they assign a fair market value + tax…if it’s less than the payoff, then gap insurance kicks in. If it’s more than the payoff, then you (the lessee/owner) get the overage. They seemed to look at comparable cars in the used marketplace to determine value.
My dealer gave me a great deal on my lease, so I actually got paid over $3500 (including 800 audi care refund)…that was with only first month drive off.
I guess what I’m saying is that it all depends on what the insurance company values the car at…but I doubt you would ever recoup the full down payment.
The standard features of the BMW X5 eDrive xDrive40e include 2.0L I-4 313hp hybrid gas engine intercooled turbo, 8-speed automatic transmission with overdrive, 4-wheel anti-lock brakes (ABS), integrated navigation system, side seat mounted airbags, curtain 1st and 2nd row overhead airbags, airbag occupancy sensor, automatic air conditioning, 19" aluminum wheels, cruise control, ABS and driveline traction control.
SHORT/LONG TERM FINANCE OFFERS (1)
0.9% Annual Percentage Rate Offer.
LEASE OFFERS (1)
Lease: $539 Per Month For 36 Months. $4,964 Due At Signing
$539 per month for 36 months
$4,964 cash due at signing
Offer only valid 9/06/2016 through 9/30/2016
Equipped with standard features such as Dynamic Damper Control with Rear Axle Air Suspension, Navigation System, Power Tailgate, including achieving 56 MPGe.
REQUEST MORE INFO VIEW INVENTORY
I got updated info from the dealer:
Doc fee - $113
Reg fee - $173.50
Money factor - .00160
Aquistion fee - $925
Dispostion fee $350 paid at the end of the lease if you do not get into another BMW
MSD - Max of 7 secuirty deposits. If you do all 7 MSDs will drop MF .00049 points.
He is offering 7MSDS. Now does this make the deal a good with with 7MSDS, no Down payment?
Good question, I hope not and have reached out to dealer to enquire this. Im getting a monthly lease amount for $558 incl taxes per my calculation. Waiting for dealers numbers based on this updated info. Thanks again folks for sharing your thoughts, much appreciate it!
You are absolutely correct! they did tag on the additional profits and the dealer now tells me that the MSD reduced the Money Factor BY 0.00049 and not TO 0.00049. I am going to let this one go and not pursue.
The lowest MF you will find is .00088 and if you work for a large company that has fleet you can get it to .00068 with 7 MSD. This was the deal I ended up with and my X5e came to 599 inc taxes after all rebates and discounts
there are a few hundred of 2016’s remaining and an equal amount of 2017’s on the ground for the X5 40e’s.
The difference is the the '16’s have $1500 more in rebates but the remaining vehicles have alot more options on them whereas the 2017’s that are coming in, there are more lightly equipped models. plenty of 2017’s with $2000 or more , less in options.
bottom line, better off getting a 2017 if you can’t find a 2016 configured the way you like it. difference may only be $20 or $30 per month between two comparable X5’s.
I have people factory ordering 17’s so they get them exactly how they want them and they’ll arrive just in time for the winter / holiday promotions. woohoo!
Hope that helps with those struggling to find one.
When I compared last month there was HUGE difference between leasing a 2016 vs 2017 X5 40e, something in the neighborhood of $160 per month. My 2016 had a total of $6500 in credits ($2K options, $3500 electric, and $1000 corp. discount). The 2017’s did not match those numbers. In addition the Residuals were inflated to 60% (36/10) for the 2016’s where the 2017’s were at 57% - a huge difference. Again, this was for August and not sure if it’s changed for October.