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BMW X3 Prices Paid and Buying Experience

1467 messages,  Last post on Sep 28, 2008 at 7:29 PM

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What is this discussion about? BMW X3, SUV


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#1249 of 1467
2006 X3 by xchicagoan5
Oct 30, 2006 (4:18 pm)
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There seems to be a fair amount of 2006 X3s on the market with 2007s arriving and being sold or presold. Back in 2001, I bought my X5 4.4i this way. I waited until the initial model year run was over and got a great deal. What kind of deal can I expect to get on a 2006? The deals seem to be fairly good on the 07s - well below MSRP in many cases. An 06 deal should be great, shouldn't it?
#1250 of 1467
Re: Just signed today for new X3 [jeffxp] by blund
Oct 30, 2006 (8:17 pm)
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Replying to: jeffxp (Oct 29, 2006 6:38 pm)

What money factor are you using?
#1251 of 1467
Re: Just signed today for new X3 [blund] by jeffxp
Oct 30, 2006 (8:43 pm)
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Replying to: blund (Oct 30, 2006 8:17 pm)

I'm not sure about the money factor. I know what the msrp is and what my monthly is going to be. Would that come from my sales person or is it a calculation of the numbers I've shown you?
#1252 of 1467
Re: Just signed today for new X3 [jeffxp] by blund
Oct 31, 2006 (6:56 pm)
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Replying to: jeffxp (Oct 30, 2006 8:43 pm)

Actually both. Based on what you said I calculated a pretty high rate (if I did it right). I have read other posters say they have a rate of .002 (4.5%). I paid a bit over this w/ my lease (probably dealer took the spread). Anyway, you can ask the dealer and he should tell you what rate they are using.
#1253 of 1467
Re: Just signed today for new X3 [jeffxp] by billmv
Oct 31, 2006 (11:57 pm)
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Replying to: jeffxp (Oct 30, 2006 8:43 pm)

hey jeff......I just ran the numbers for your deal on my trusty spreadsheet, and assuming that they wrapped the normal acquisition fee of $625 into your lease, and you made no down payment (which you couldn't have given your drive off $), then they calculated your lease using a money factor of .00271. This is .00071 higher than their .00200 "buy rate" on the money factor, so this means they are making a profit of $58.97 per month on the financing. Over 24 months that's a total of $1,415.
 
Had they used their "buy rate" of .0020 your pretax payment would have been $555.40 plus tax of $45.82. Total of $601.22.
 
They knocked $2,300 off MSRP for you and then made $1,415 of that discount back on the financing. You could have done a lot worse.
 
Look at your lease docs. It should say what Acq fee they used and rolled into your lease. If it's higher than $625 then you'd have to adjust the money factor down until you got to the right payment.
 
Hope that helps.
#1254 of 1467
Re: Just signed today for new X3 [billmv] by jeffxp
Nov 01, 2006 (8:44 pm)
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Replying to: billmv (Oct 31, 2006 11:57 pm)

Thanks for the calculations. I did put $1074.52 down which $665.06 was part of first months payment. Those sales people are tricky. She said here's the price we are selling it to you for: $45,595 or $665.06/mo includes tax, 8.25% Then when she printed it on paper the
GRS CAP Cost 46,520.00
ADJ Residual 36,879.15
Tot Term Dep 9,640.85
Monthly Dep 401.70
MO lease charge 212.67
Est fees/term 712.75
Total payments 15,961.44
1st yr fees 360.75
 
  That's not the hard part, waiting until January to cruise around in my X3 is tuff! I hope these figures can help others to a better deal.
 
jeff
#1255 of 1467
Re: Just signed today for new X3 [jeffxp] by billmv
Nov 01, 2006 (9:07 pm)
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Replying to: jeffxp (Nov 01, 2006 8:44 pm)

Jeff........That's the info I needed! It works out to the penny now that I see what they did. They marked up the 625 acq fee to 925. (45,595 + 925 = 46,520). They used a money factor of .00255, which makes your pre-tax payment exactly 614.37. So they made a quick 300 on the acq fee and 1100.88 on your financing. Same 1400 as before, just a little faster to them.
 
What city and dealer was this? That's what will help others.
 
What the hey....it's only money. Enjoy it when it gets here. In the meantime, get yourself three walnut shells and a pea, practice a little, and win some of it back when you take delivery.
#1256 of 1467
Re: Just signed today for new X3 [billmv] by jeffxp
Nov 02, 2006 (4:22 pm)
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Replying to: billmv (Nov 01, 2006 9:07 pm)

BMW of San Francisco
 
Here's a link to some high resolution pictures for desk top or screen savers.
 
  http://www.km77.com/marcas/bmw/2007/x3/gama/g01.asp
#1257 of 1467
2007 bmw x3 lease quote by darthwohl
Nov 08, 2006 (5:37 pm)
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Hi all.....i am new to the board. I would appreciate everyone's advice.
 
I spoke with the internet manager for a bmw dealership in nj. I am interested in a 2007 x3 with the following packages: Premium, Privacy glass, heated front seats, auto trans.
 
I was quoted 469/mo (plus 9% PA tax, I live in PA), so that would be approximately 511/mo with $2400 down total. He originally mentioned 2800 down but told me he "discounted that by 400". He also stated that there would be no acquisition fee for the vehicle. That is for a 36 mo. lease with approximately 12k miles/yr. The 10k./year lease would be about 20/mo less.
 
Could i get a few opinions on this deal? Do i have any negotiating room?
 
Also, I have heard that if i was in the middle of the lease and found that i was "over" on the miles, that i could purchase more miles from BMW financial. Is this true and how much would this cost? I am trying to determine which option is cheaper.
 
Thanks, AL
#1258 of 1467
07 lease by falou
Nov 09, 2006 (10:36 am)
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This is the best I found in the LA area from 4-5 dealers. This is my first lease, so I don't know most of the technicalities. Appreciate it if somebody could comment on how this sounds. The invoice looks to be about 44,900, so it's about 1200 over invoice, seems reasonable, most were discounting $1k-2k off msrp.
 
TOTAL AS EQUIPPED
 $48,870.00
 SELLING PRICE
 $46,125.00
Term
 36 Months
 Mileage
 15,000 /year
 Residual Value
 $31,765.50
 Cash Due at Signing
 $1,602.87
Monthly Payment
 $539.86
 Tax (8.25%)
 $44.54
 Total Mo. Payment
 $584.40
 
Thx

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