Last post on Nov 25, 2013 at 11:14 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
BMW X3, SUV
#1375 of 1854 My 2007 X3 3.0si SAV lease deal
Jul 07, 2007 (12:57 pm)
I was thrown off by the Acquisition Fee of $625. Dealer told me that this figure was non-negotiable from BMW Financial Services and couldn't be removed. Can anyone shed further light on this? I can still back out of this deal.
36 months/15K mi/yr
2007 X3 3.0si SAV
205 Steptronic auto trans.
A35 Monaco Blue Metallic Paint
LUAD Gray Nevada Leather
ZPP Premium Pkg
761 Privacy Glass
MSRP + Dest. Chg. = 42150
Invoice + Dest. Chg. = 38805
My Price + Dest. Chg. = 39599 ($794 over invoice)
Acq. Fee = 625
Adj. Cap Cost = 40224
Residual = 65%
Base Money Factor =.00215
Discounted MF* =.00166
*Discount MF applies when you make 7 add'l security deposits, which you get back at the end of lease term, for a total of 8 security deposits.
Sec. Dep. ($500 x 8) = 4000
FL Title/License Fees = 369
Base Monthly Payment = 468
with FL 6% tax = $499/month total payment
36 months 15K miles/year
#1376 of 1854 Re: My 2007 X3 3.0si SAV lease deal [boetsch1]
by kyfdx@Edmunds HOST
Jul 08, 2007 (10:34 am)
Your dealer is correct about the acquisition fee. The only adjustment that can be made is up.. for additional dealer profit.
You have a low selling price, base MF and base acq.fee.. And, no extras... If your amount due at signing is $4868, then I'd jump on this deal.
There is a special money factor for current BMWFS customers. But, if you are a new customer, this is as good as it gets.
#1379 of 1854 Re: BMW X3, Prices Paid and Buying Experiences [sharkala]
Jul 23, 2007 (4:03 pm)
I bought my 2005 X3 3.0 w/ Premium package, privacy glass, adaptive headlights Certified Pre-Owned for $29,275 before taxes and tags. It had 15,575 miles on it and is in outstanding condition. I found it through BMW's CPO site. I bought from Tom Bush BMW in FL and drove it back to Columbus, GA. We have a dealer here as well.
My buying experience and experience with dealers: if you have money you want to fork over, they love you. They're never as tacky as say a Nissan or Ford dealer but at their base they're just car salesmen trying to make a profit off a great name. I think the internet BMW CPO is the best way to go because the value on these drop pretty drastically from new to 1 or 2 years old. You have to search for the features/colors/price you want but it can really save you thousands. Also, I don't think there's a 'best time of year' to shop. I would go in trying to buy at the suggested internet listing cost then simply ask if they'll take less. When I was shopping around I'd always ask if they'd accept less and they always would, but they'll never volunteer that. The most I was able to reduce price by was $3,500. the least reduction was $1,500. I think it's worth that much to ask the question since the worse they can say is 'no'.
As for the BMW X3, I love it but in retrospect it'd be hard choosing between the X3 and the Volvo XC 90. I think the X3's interior is spartan by comparison but I like the exterior slightly better. Tough call and worth a test drive to get the final check before you take the $30+K plunge.
#1380 of 1854 Re: BMW X3, Prices Paid and Buying Experiences [chrisgiraffe]
Jul 23, 2007 (9:49 pm)
I'm considering my first BMW X3 lease, I'm already involved in a lease for a 325xi for my wife. My dealer tells me that 07's are no longer available, that I'll have to go for a 08.
Regrettably, I didn't do very well at negotiating the 325xi, and am hoping to do better this time around if I can. The one problem is, I do drive a lot of miles myself... around 25k per year. I also like to own new vehicles after a few years, which typically isn't a good plan for a lease. I'm having difficulty deciding if a lease would make any sense, even if I wanted to order the x3 of my dreams and buy the car afterwards. My dealer is trying to convince me to go with a 10K miles lease in that case, but that doesn't make any sense to me, even if I really love the car. The residual value will be priced a lot higher than the car will actually be worth. Should I buy 10-15K extra miles up front? I would think that payment wouldn't be much better than an outright purchase, but I am trying to keep the payments in a decent place relative to a 5 year term. Before I even bother negotiating, does anyone have any thoughts as to the viability of even considering a lease, especially if there are no special incentives left for 07?
Many thanks for any thoughts/suggestions.
#1381 of 1854 disount lease rate for 2007 X3
Jul 26, 2007 (12:18 pm)
I am looking to do a 24 months lease on the X3, 15K miles per year. I was quoted the residual value of 75%, and the money factor of .00215, which they say is discounted from .00230 since I currently have a BMW.
From the postings in this forum, I learned that the discounted rate is .00150. I currently have a bought (not leased) 2004 530i financed through BMWFS, halfway through the payments. Do I qualify for a discounted lease rate? Is the dealer tricking me into believing that I get a discounted rate while I actually do not?
Thanks for the help.
#1382 of 1854 Re: disount lease rate for 2007 X3 [texgas]
Jul 26, 2007 (3:51 pm)
You should qualify for the .0015 lease rate. Mention it to your dealer and see what they come up with.
#1383 of 1854 Re: disount lease rate for 2007 X3 [nyccarguy]
Jul 26, 2007 (5:10 pm)
Thanks. I found a dealer that gave me that rate right away. The MSRP is $46,475. He wanted to give me $1,500 off MSRP. That would give them $2,230 above invoice. How much more discount do you think I can push for? Can I expect to get closer to $1,000 above invoice? I appreciate your comments.
Jul 26, 2007 (6:01 pm)
$1000 above invoice is completely doable on an '07 X3 due to the fact that BMW is trying to move these vehicles. The 75% (2 year) & 65% (3 year) are evidence of that & it is the end of the model year.
Given the fact that my Dad was able to lease an '07 X5 (new body style, much hotter selling vehicle) for $1000 over invoice you should be able to get an X3 for $1000 over invoice.