My 2021 is coming off lease and I’m torn whether to buyout or lease new BMW X5. They just announced the 2025 model (which is effectively the same car as the 2024) so am trying to take advantage of the remaining inventory by taking something that is on the lot.
Location: Northern, NJ
Below is the best lease offer I currently have on a 2024 BMW X5 xDrive40i (includes M Sport, Premium Package, Parking Assist)
MSRP: $77,995
Cap Reduction: $4,000 (BMW Rebate + Discount)
Sale Price: $73,995
Residual: 52%
MF: 0.00125
Due at signing: $3,558 (fees and first month)
Term: 39 months Miles: 10,000 per year equivalent
Monthly - $1,080
My alternative would be to buyout my current X5 at $41,475 ($37k buyout plus taxes and fees). Additionally, I would get the platinum care package for another $3k. Below are the details:
2021 BMW X5 xDrive40i (with Driving and Parking Assistance + M Sport Package) Vin: 5UXCR6C02M9G97319
Miles: 33,500 Condition is excellent. We have had no issues to date.
Monthly payment with a 6% rate is effectively the same as the lease.
Given the pricing on the new leases I’m leaning more towards buyout. Appreciate this is more of a preference question but would welcome feedback.
I am working on a 2024 X5 lease in Northern NJ and have negotiated the below deal:
2024 BMW X5 xDrive40i (M Sport, Premium, Park Assist, DAP)
MSRP: $77,995
Discount: $3,995 (5% discount)
Cap Reduction: $1,000 (BMW Rebate)
Selling Price: $73,000
Residual: 52%
MF: 0.00180
Due at signing: $3,500 (fees and first month, taxes rolled in)
Term: 39 months / 10,000 per year equivalent
Monthly = $1,080
Additionally, I am turning my 2021 X5 in that has a stated residual value of $37k. I was able to get the dealership to agree to $5k in equity credit which I thought was pretty fair given that I am 5k over my miles and the car needs new tires and brakes. I have the option of applying it as a cap cost reduction or having it cover inception fees with the remainder going towards reducing the lease. I am going to do the latter. This would make the net effective monthly payment $1,041 over 39 months.
Any feedback on the MF, the application of the $5k in equity and the overall deal would be appreciated. Thanks.
and the deal is 