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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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Replying to: pjo1966 (Nov 05, 2004 8:22 am) regards, kyfdx
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| Thanks... as an aside, www.bmwusa.com has the current lease deals listed for November. | |
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Replying to: kyfdx (Nov 05, 2004 8:25 am)
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Replying to: pjo1966 (Nov 05, 2004 8:46 am) IOW, BMWFS will lock it for 60 days.. But, your dealer may not participate.. I guess that is so the dealers can manipulate the program to their benefit, if they so choose.. |
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I'm trying to negotiate a lease for a 2005 X3 - I haven't told any of the dealers that yet - I'm at this point trying to negotiate purchase price first, then I'll ask them to base the lease on that price. I keep getting "we have one low price so we don't negotiate" stuff. Each dealership has come down from MSRP $800-$1200 but refuses to go any further (they are still $2200 above invoice). I'm looking for help finding a dealer that will actually negotiate and not give me this one low price jargon? I'm in Denver, Colorado but I don't care where I get the car from, just trying to get a fair price. Any ideas? goody |
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I am new to leasing and am about to lease an 05 X3 3.0. I asked the dealer for the current lease rates and here is what he told me. money factor .00245 residual value 36 months 61% for 10k 60% for 12k 58% for 15k I saw these rates posted on RF Money Factor .00210 36 months Residual Value 10k mi - 61% 12k mi - 60% 15k mi – 58% So basically the same residual value but .00035 difference in money factor. Is that pretty standard for dealer profit? Thaks
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Replying to: the_worm (Nov 09, 2004 2:53 pm) 2) Residuals are set by BMWFS and the dealer can't change them, so nothing to worry about there. 3) The maximum that BMWFS allows the dealer to raise the MF is .0004 4) I would insist on them using the base rates.. If they want extra profit, then I want them putting it in the purchase price, not hiding it in the finance office. 5) Base acquisition fee is $525.. BMWFS allows them to charge up to $725.. Watch for this also. 6) Many, many dealers bump the rates up.. Some don't.. It isn't unusual, but that doesn't mean you have to like it. regards, kyfdx |
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Replying to: kyfdx (Nov 09, 2004 5:00 pm) on #4) What are the base rates? Can you explain a little further so I can push for this. I assume these are the rates you refer to in #6. Thanks in advance for your knowledge!
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Replying to: the_worm (Nov 09, 2004 5:16 pm) MF .0021 Residual for 3yr/15K lease is 58% 12K is 60%.. 10K is 61% Base acquisition fee if $525 |
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Replying to: kyfdx (Nov 09, 2004 5:00 pm) Thanks for your helpful information. Yes the dealer said "finance department adds usually.40 so they can make a living too." so on your point for extra profit... how do you figure out how much more you should pay in purchase price to get lower MF. Is there a formula I can run so I can suggest to him? As I mentioned I am new to leasing so I haven't figured out how it all works together. Thanks
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