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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

What is this discussion about? BMW X3, SUV


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#1310 of 1544
bmw from small market - ugh!! by jjrm1
Mar 24, 2007 (11:32 am)
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Here is the offer I am getting from the only BMW dealer town!
 
Sales price of $44,320 $2000 over invoice 3 year lease (67% residual) using 3K down w/ 12K miles per year money factor of 0024 sales tax of 6.25% = $604.27 being your monthly amount. Does this seem reasonable?
 
By the way, none of the calculators seem to be generating this monthly payment. Has anyone used leaseguide.com's calculator?
#1311 of 1544
Re: bmw from small market - ugh!! [jjrm1] by tdbrph
Mar 25, 2007 (5:01 am)
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Replying to: jjrm1 (Mar 24, 2007 11:32 am)

2007 BMW X3 3.0si 4WD SUV
 
24 mo/15k mi – Residual Value 75% of MSRP – .00200 Money Factor Buy Rate
36 mo/15k mi – Residual Value 65% of MSRP – .00200 Money Factor Buy Rate
48 mo/15k mi – Residual Value 40% of MSRP – .00320 Money Factor Buy Rate
60 mo/15k mi – Residual Value 32% of MSRP – .00320 Money Factor Buy Rate
 
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms
 
Triston
#1312 of 1544
Re: bmw from small market - ugh!! [jjrm1] by kyfdx HOST
Mar 25, 2007 (5:37 am)
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Replying to: jjrm1 (Mar 24, 2007 11:32 am)

What is the MSRP? You can't calculate a lease without it..
 
From first reading, that deal doesn't look very good...
#1313 of 1544
Re: First Time Lease - 630 fico score [kyfdx] by suvcurious
Apr 10, 2007 (7:38 pm)
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Replying to: kyfdx (Mar 03, 2007 3:19 pm)

Hi KYFDX! I finally heard back from the bureaus and my fico score went up to 662! But, yes, you're right with BMW you either pass/fail. I applied online and got approved for a lease. However, now I'm nervous to pull the trigger b/c everyone is telling me that leasing is a bad idea. Can I get your thoughts? Can I also get your input on what the current APRIL money factor lease rates are?
 
Thanks a bunch!
SUVCURIOUS
#1314 of 1544
Re: First Time Lease - 630 fico score [suvcurious] by kyfdx HOST
Apr 11, 2007 (3:25 am)
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Replying to: suvcurious (Apr 10, 2007 7:38 pm)

The X3 has a money factor of .00215, which is higher than last month... But, it still has a 65% residual for 3yr/45K, which is insanely high (that is a good thing for a residual).
 
With the lease deal currently in place, there is no way that I would buy an X3..
 
But, a good lease deal is all in the details... Just like buying, a good deal depends on the negotiation.
#1315 of 1544
How is this deal? by kobuk
Apr 15, 2007 (8:13 pm)
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Hello everyone, how is this deal?
premium package, xenon lights, park assis, 18" wheel, heated front, privacy, servotronic, cargo net, heated steering wheel,auto.
 
Msrp: $45,200, dealer offer: 3% off msrp, which is $1356. Got couple questions here:
 
1. it seems that people are looking for 5% discount, so I guess this is just an average deal?
 
2. so what month is the best timing you have more chance to knock off more msrp? such as December when dealer need to clear inventory?
 
3. Also dealer kindly mentioned that back seat side air bag is dangerous to kids, so I removed it. What impact the air bag would have on kids, any idea or examples?
 
thank in advance for your reponse.
#1316 of 1544
Re: How is this deal? [kobuk] by timmboj
Apr 16, 2007 (11:18 am)
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Replying to: kobuk (Apr 15, 2007 8:13 pm)

From your comment on back-seat air bags, it sounds as if you are ordering this vehicle. If this is the case, I've heard the deals aren't as sweet as they might be on a vehicle already sitting on the lot.
 
I've got two strikes against me -- 1. I'd need to special order mine because I want the six-speed manual (I'll never find one of those sitting on the lot around here), and 2. I live in a one-BMW-dealer town (no competition).
 
 
#1317 of 1544
Re: How is this deal? [timmboj] by kobuk
Apr 16, 2007 (4:00 pm)
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Replying to: timmboj (Apr 16, 2007 11:18 am)

Hi Tim,
Thanks for your reply. I haven't ordered the car yet. Still bargaining with the dealer. I think you are right, if I could find a car in the lot that might give more bargainning power. I talked to another dealer, they have to order it too, but they offer 4% off msrp, better than the first one. Let me keep trying and good luck to you too.
#1318 of 1544
Re: Money Factor Follow Up by justanotherjoe
Apr 16, 2007 (4:39 pm)
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Replying to: kyfdx (Apr 11, 2007 3:25 am)

I'm looking at 36 month lease and have been told by two of the four dealers (having yet to talk to the other two) in Denver metro area that the money factor is .00255 vs. the 00215 mentioned in post #1314. The residual numbers are consistent with what has been posted here, although the discounting off of MSRP (per both dealers and Edumnuds TMV pricing) is closer to between 1.5 and 2%. Inventories seem somewhat tight around here, so that would seem to affect discounting.
 
Is money factor a regional thing or should it be standard nation wide?
 
Thanks for your input - this site has been a very useful resource.
#1319 of 1544
Re: Money Factor Follow Up [justanotherjoe] by kyfdx HOST
Apr 16, 2007 (7:02 pm)
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Replying to: justanotherjoe (Apr 16, 2007 4:39 pm)

BMWFS allows the dealer to mark-up the base rate by .0004, resulting in the money factor your dealer is quoting. This is extra profit for the dealer.
 
On a typical X3 lease, this will raise the payment by around $30/mo.

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