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Prices Paid: Buying & Leasing Experiences BMW X3 Prices Paid and Buying Experience
1544 messages, Last post on Sep 28, 2009 at 3:51 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I came to this board to see what kind of prices people are paying for their X3s. I have not read through every post, but I read through a number of them and it seems like the overwhelming majority are leasing. Does anybody buy these vehicles? Am I missing something in terms of why people lease it instead of buy it? I know it lowers the payment considerably, but man, I hate to have a perpetual car payment. I like saving up and getting it all cash or at the very least not having more than a 3 year payment. What kind of discounts can be expected on the X3? It seems like $2500 has been the max on leases. Ironically that would indicate that purchases should have a larger discount, but I imagine that this isn't going to be the case with BMW. For anybody that has actually "bought" an 07 X3, please post what kind of deal you got, that would be very helpful! Thanks!
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Replying to: belias (Jan 25, 2007 8:31 am) One reason that a lot of people lease the X3 is that the residual numbers provided by BMWFS are extremely high for this model. 65% residual for 3yr/45K lease is probably $2K higher than the typical BMW lease.. That translates to a lease payment that is close to $60/mo. lower than you would expect. regards, kyfdx |
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I also am interested in what others are getting for a purchase price on a new 07 X3. I'm interested in one with options but haven't narrowed down which ones specifically. Previous buying experiences have told me that if you buy on they have in stock they will deal more than having to order one.
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Replying to: kansashusker (Jan 25, 2007 7:15 pm) |
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| May I ask you which dealership you went to in the D.C. area? Thanks. | |
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Hi everyone, I'm new to leasing, but I've read alot. I'm looking at a new X3 vs. a swapalease lottery X3. Without going into too much detail I "KNOW" someone in the high management of a BMW dealership, and work with them regularly, so I probably/might be able to get a BMW around invoice, based on past deals of the like (assuming there's a holdback that at least pays for their costs & sales comission) Anyway, Looking at the present month's lease offer (feb 07) it appears, if I'm looking at it correctly that it's pretty subvented.. The residual calculation appears to be 78% which is super great, right? (see terms here: http://www.bmwusa.com/vehicles/X3/30si/programs.htm?PanelID=4&duration=24) At the end of the day, these are still car dealers, and they're still going to try to make money off me, so I want to make sure to get the best deal possible on the lease. My question is, "What should I ask for?" I realize that 78% is calculated at 24 mos, 10k, and I'm probably going to be wanting either 24 mos 12k or 36 mos 12k, so I can be sure to have a lower residual %. Will this % reflect that the 24/10k is 78%? (ie just a couple of % lower) Or will "changing the specifics" pretty much undo the promotional residual in this offer? Furthermore, are they going to use the "good price" that I might be getting in their calculations, or am I going to get screwed by the actual MSRP somehow? How does "dealer contribution" factor in? I'm not sure I completely understand from the fine print, "Dealer contribution may affect terms." which is on all lease deals? Are they spending out pocket money to close this, therefore I can't expect to get it at invoice, because they will have to go too far into holdback to get the deal done? I'm planning to put NO money down on taxes and "down payment" (cap cost reduction) if I can.. Does anybody know if that will affect the residual %? Reading over this, it sounds like I know less than I thought I've learned, but I'm starting to get it.. I understand money factor, and how the % of residual affects the payment ammount. I am pre approved through the BMW website, so I assume we can get the deal done, but given the choice of waiting a few months for a swapalease deal and having to pay more $$ per month, it's a no brainer. Let somebody else pay the Cap cost reduction, unless I can get a super good deal thanks to the subvented lease, and still get somewhat of a choice from my local dealer.... Thanks in advance for any help! Cory
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Replying to: corytv (Feb 19, 2007 11:31 am) 3yr/36K residual is 67% "Dealer contribution" just means that the dealer has to discount the vehicle a certain amount from MSRP to achieve the advertised lease deal.. What they are saying is that an individual dealer may not choose to discount the vehicle enough to make that deal. Cap cost reductions have nothing to do with either residuals or money factors.... If you have iffy credit, they may sometimes help you get approved. Any advertised deal that has a cap cost reduction can be structured without one. |
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Replying to: kyfdx (Jan 11, 2007 8:29 pm) 
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Replying to: fltfv (Feb 20, 2007 6:32 am) |
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We took delivery of our X3 mid-January 2007 from an upstate NY dealer. The only options were the BMW Assist and the heated seats. The vehicle price was $38,025, and the Sticker $39,945, including destination. BTW: The dealer-installed hitch fits well - some folks had trouble with the fit and finish on them, I think mostly pre-2007s. |
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