Last post on Dec 09, 2013 at 11:01 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X3, SUV
#1517 of 1855 Re: 2006 Lease End Purchase Decision [jura]
Jun 25, 2009 (3:06 am)
My lease is up at the end of July I have a 2006 X3. My residual value to buy the car for 26,600. (I have around 35,000k miles (which is under the 45,000 i have for the lease). BMW finance never called me, it was only the sales rep. After discussions they came back with a lower price of $24,200. Interest rates at 7.9% financing.
They came back the next day and offered $23,110 and that will include them making it a certified pre owner vehicle so it will have they extended warranty (100,000k miles) built in and I qualify for the special interest rates which range from (.9 to 3.9) based on the term of the loan. Only catch is I may need to buy need tires to qualify if they dont pass.
I should add they forgave the last month on my lease.
#1518 of 1855 2009 X3 price paid and buying experience
Jun 28, 2009 (11:45 am)
I am in the process of buying a new 2009 X3 3.0L. Any thoughts on the current price with premium package (ZPP) and on board Navigation system (609)? I live in Delaware and would like to get some dealer recommendation in Delaware,
Maryland or in southern PA? I remember reading about 4K incentive to the dealers back in May. Is that still available?
Jul 03, 2009 (7:37 pm)
I have a 2007 X3 coming off lease in November. It has 28k miles and the residual value of $28.5. Do I go to my original dealer or can I shop the purchase? What kind of discount can I expect off residual value?
#1520 of 1855 LEASE OR PURCHASE AN 2009 X3
Jul 23, 2009 (6:41 am)
I currently have a very well equipt 2006 X3. I lease it for $443 a month and 2,000 down. Now I am getting a quote of $4,500 down and $549 a month. I am looking to lease or purchase a 2009 x3. Has anyone had any luck getting a good deal. The lease rates for the 2009 X3 and almost the same as the x5. Does anyone know of any purchase of lease programs that make this car as affordable as it was in 2006? It seems like BMW is trying to deter the sales and leasing of the 2009 X3.
#1521 of 1855 Re: 2006 Lease End Purchase Decision [jura]
Aug 02, 2009 (9:59 am)
Follow-up to my earlier post... unfortunately, because BMW changed the residual value and incentives on the X3 effective July 1, BMWFS would not honor the original offer of a $5K discount off residual value of $28,300. The best offer I could get from my dealer was $24,600 after deposit. I then went to another local dealer and was able to get an improved offer of $24,100 after deposit with condition that I pay hardcosts of converting to CPO (i.e. inspection/warranty cost of $1,800 plus tires and any other reconditioning expenses). I then took this offer back to the original dealer and gave them an opportunity to retain my biz. They offered another couple hundred bucks off the buy out price, which I am now likely to accept. Just not sure if I will go with CPO. What I've learned from this process is that the market for X3's has really strengthened in the past couple months, which is surprising and annoying:) Good luck!
#1522 of 1855 Re: 2006 Lease End Purchase Decision [jura]
by kyfdx@Edmunds HOST
Aug 02, 2009 (10:02 am)
I think the market for used X3s as strengthened, because the lease cost for a new one is so high, that they basically can't be leased..
Unfortunate timing for those coming out of leases.. not just the '06 models, but cheap 24 month leases on '07s are coming due, as well...
#1523 of 1855 Re: 2006 Lease End Purchase Decision [kyfdx]
Aug 02, 2009 (5:28 pm)
My car has 36,600 miles on it with warranty expiring May 2010... would you recommend getting the CPO to extend the warranty? Does it add resale value? Also, do you have any suggestions for how I can negotiate the best deal on the CPO process (i.e. what I should push for them to cover as part of the "hardcost" $1,800 fee)? I know I will need to buy the tires separately and brakes if wear has <50% wear left... thanks in advance for any insight!
#1524 of 1855 Re: 2006 Lease End Purchase Decision [jura]
by kyfdx@Edmunds HOST
Aug 02, 2009 (6:24 pm)
The CPO warranty will be great for you... not too sure about resale value, as it only extends the warranty for 33 months from the end of your lease. If you aren't going to keep it that long, then I wouldn't buy it at all.
A pretty good discussion about end of lease options on an X3 starts here.
The gist of it is: Check with your dealer... they may make you a better deal than BMWFS. (Though, be warned... if your dealer buys the car and re-sells it to you, you will be liable for end-of-lease charges).
#1525 of 1855 07 X3 CPO Fair Price?
Aug 08, 2009 (9:35 am)
My sister is considering a CPO'd 2007 X3si, 26,500 miles, with cold, trailer/camper package and 18" wheels, privacy glass black/black leatherette. It's a one-owner, local lease return. Maintenance records reflect the following work done since new:
Replaced defective radio
Replaced steering wheel (possibly related to defective radio?)
Replaced defective muffler.
Dealer's sticker asking price is $32,990.
Clearly, they're going to have to negotiate. I'm not terribly concerned about the stuff that was fixed because she'll still have about two years left on the original warranty and then will go into the CPO for the remaining two years.
Any thoughts would be very much appreciated! Her oldest brother (me) has owned a 2002 530i and a 2001 740i, and we're almost there in converting her but she's got to have the right deal.
#1526 of 1855 Re: Buying back after the lease [moneyball]
Aug 20, 2009 (5:37 am)
I am just starting to look at x3s. Went to the dealer and they are offering a 2006 x3 premium package, and xenon lights with 34k miles. It has extended warranty, and brand new tires.
Offered at 27.9k.
Their initial offer was to take off about 300 $.
Considering what I have read so far I would think they should be able to get below 25k. What is a fair price for the car?