MD lease, so taxes on total price required.
X5 50e. 3yr/15k miles
$86326
9% off MSRP
4500 incentives
$74056 total
.0018 MF
ZERO DOWN
46% residual
$1390/month
Thats a lot my friend. Reason for the plug in? You can get a decently equiped used or certified x5 (granted, 2021 or so), wreck it at 2 years 364 days without insurance, and still come out ahead
Not saying the lease deal is ‘bad’, but the monthly is high for the car youre getting
Just not a vehicle that you can lease hack. Better off with an X5 i40 for about $1K per month.
Thanks for the reply.
We already have an EV and level 2 charging at home, so that offsets a little bit of the cost. But I do understand that the gas savings may not be fully realized over 45k miles.
I agree, the payment does feel a little high, and I was prepared to put a good chunk down, but kept reading its best to put 0 down and add the lump sum to a high yield savings acct, so that’s what I plan to do.
My main concern is, am I getting a bad deal? And while there may be options to get a BETTER deal on other cars, from what I can understand with my limited k knowledge….it seems as if I’m getting a good deal given the car
Go get this, I was quoted 992/month on a 36/10, 0 down. 455hp
Id go cpo in your case
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It’s a fair deal in terms of discount and buy-rate money factor, but obviously Maryland tax isn’t helping, nothing you could do about that. I could probably save you another 1k, but overall, despite not being a good lease, the deal itself is decent.
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Not all bad leases are a result of a bad deal, they are often the result of bad decision-making.
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This looks oddly like a quote I gave earlier today…this is for an order, so the discount is pretty solid given that.
Isn’t an iX gonna be massively cheaper than this?
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duplicate post
it’s kind of a hodgepodge of multiple quotes I received… not identical to any specific quote. Which is why I didn’t name where I got the quote…But they’re all similar.
Since I’m still learning and deciding, I wanted to see if people thought any of the individual components of the deal had glaring issues.
Yes, one was those was yours. Just doing my due diligence.
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What’s the relevance if OP wants an X5?
Pay to play vehicle. Buy a cpo
Or lease a new one for the incentives and immediately buy out with no further tax due.
Either way, leasing until maturity and returning is the complete wrong strategy for this car.
Its a similar size SUV with a little more power, and apparently cheaper than this?
Having a fully-electric car is not practical for everyone.
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there are lot of build slots
aim for 10%
And beyond the EV part there’s still a few of us that don’t want a car that makes you vomit when looking at it.
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@z0lt3c , clean up on aisle iX