Last post on Nov 25, 2013 at 11:14 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X3, SUV
#1311 of 1854 Re: bmw from small market - ugh!! [jjrm1]
Mar 25, 2007 (5:01 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
#1312 of 1854 Re: bmw from small market - ugh!! [jjrm1]
by kyfdx@Edmunds HOST
Mar 25, 2007 (5:37 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 1854 Re: First Time Lease - 630 fico score [kyfdx]
Apr 10, 2007 (7:38 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!
#1314 of 1854 Re: First Time Lease - 630 fico score [suvcurious]
by kyfdx@Edmunds HOST
Apr 11, 2007 (3:25 am)
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 1854 How is this deal?
Apr 15, 2007 (8:13 pm)
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 1854 Re: How is this deal? [kobuk]
Apr 16, 2007 (11:18 am)
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 1854 Re: How is this deal? [timmboj]
Apr 16, 2007 (4:00 pm)
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 1854 Re: Money Factor Follow Up
Apr 16, 2007 (4:39 pm)
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 1854 Re: Money Factor Follow Up [justanotherjoe]
by kyfdx@Edmunds HOST
Apr 16, 2007 (7:02 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.
#1320 of 1854 Fighting Chance
Apr 18, 2007 (3:42 pm)
When the time is right, I think what I'll do is create my own fair deal lease and send it to my local dealer. Giving them the option of meeting MY requirements for a lease (or at least getting close) before venturing into markets outside of my city. Sort of like the fightingchance.com fax attack, except the calculations have already been done to my specifications. This way they'll know I'm an informed consumer, and hopefully keep the negotiating shinanagins to a minimum. If my one-BMW-dealership town rejects my offer, then I can send the same to outside markets and let them fight it out. Has anyone out there tried this approach?Bright idea? Or not?