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Prices Paid: Buying & Leasing Experiences BMW X3 Prices Paid and Buying Experience
1453 messages, Last post on Jun 23, 2008 at 2:53 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: kyfdx (Feb 01, 2005 1:11 pm) Please help me on these numbers for an '05 3.0. MSRP $41,200. I would like to say worst case scenario that I can buy for $1500 over invoice therefore purchase price would be $39,240. Would like to have cash at signing (TOTAL) $3000. Negative trade equity of ($4250). What would the payments be? Can you figure out the numbers with $3000 or $4000 cash for me? 3yr/45K lease. I am told that AR lease tax is 10%. I am building it and I assume that there would be no cost to do so passed on to me. I apprecaite it!
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Replying to: wait4mrch (Feb 03, 2005 5:51 pm) I get about $613 + tax... Sale price + negative equity + upfront costs (about $1900) - $3000 cash = cap cost of $42,390 Upfront costs are 1st payment + acquisition fee + security deposit. regards, kyfdx
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Replying to: kyfdx (Feb 03, 2005 6:23 pm) I have been reading these message boards. AND I have been waiting for a reply on mine, its regarding the BMWX3 that we are thinking about buying., yet not sure if leasing would be better. Unfortunately, my message was put into another discussion board. on Leasing. Please read it and let me know what you think. We value your opinon and that of CAR_MAN and KRISIE. We also posted an inquiry on purchase price for another vehicle and or leasing. Its on Message board #71 or 72 MB. So we have two unanswered message boards directed to the gurus and no response. Thanks. Message board for BMW X3 is #16725 Message board for MB is #71/72 Thanks
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Replying to: jlg008 (Feb 04, 2005 8:32 am) All of the numbers look pretty kosher to me.. 1) The base price and all the options.. that is the invoice price (dealer cost).. He has to add profit to that.. $750 seems reasonable. 2) All of the fees.. acquisition (higher in NY, I think $900 is correct), MVD, taxes.. etc.. Those are unavoidable.. 3) Doc fee of $175? That is just padding, but $750 over invoice is pretty low.. so, just consider the deal $925 over invoice.. Regarding your old Mercedes lease... Acquisition fees have gone up in NY, because of vicarious liability laws.. Some banks won't even lease in NY. Security deposit might have been waived on the Mercedes, but they might have used a higher money factor to make up for it.. BMW will do this also.. MVD fees... they are what they are.. Taxes... same thing. Using your figures and the base MF and residual, I get the same payment as your dealer.. I don't know about taxes and MVD fees in NY, but you could at least have the acquisition fee rolled into the cap cost (which will result in a higher payment). I'll leave your Mercedes questions to someone else... I don't have any experience with them.. The X3 deal looks pretty good.. If you buy it, the tax will be higher, but you won't have to pay an acquisition fee... regards, kyfdx
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Replying to: kyfdx (Feb 04, 2005 9:57 am) Thank you much for your response to my message. For a while we thought our message got lost amongst the many. Your feedback has been greatly appreciated, and if it wasn't for Edmunds we would have been just another "uneducated" consumer. This is a good tool - a good forum w/information and above all expert opinons that are valued. I will let you know what we decide - buy or lease this vehicle. But also waiting to hear about the MB deal given to me from local dealership.. Have a good day, until later Thanks, jlg008 |
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Replying to: tarheel (Jun 06, 2004 8:17 pm)
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Replying to: amc4 (Feb 08, 2005 9:26 am) 2) You can negotiate anything... If the first thing out of their mouths was $525 for the demo models, then you can count on being able to get it for less.. 3) There is nothing wrong with leasing the demo/rental unit.. but, there are some things to watch out for.. 4) When does the warranty expire? Will you still have lease payments left, without warranty? When does the free scheduled maintenance expire? Will you be on the hook for expensive maintenance while still leasing? Even a few months out of warranty or without free maintenance at the end of the lease can cost you big dollars.. Don't take the salesperson's word for it.. Ask to see a BMW vehicle history report... It will state clearly the expiration of those items.. The lease deals are good on '05 X3 3.0 right now.. Plus they have automatic and moonroof standard, that the '04 didn't have, so the MSRPs are lower... It will be hard for the dealer to beat the lease deal on a new one.. If you were buying, it might make sense to go with the demo unit for the dollar savings... but, I doubt that is the case with a lease.. regards, kyfdx |
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I should probably ask this in the general "Lease questions" forum, but car_man gets SO many requests. kyfdx, what are the current lease rates for Feb for the X3 2.5 and the 3.0 on a 3yr/12k lease? Is the proper acq fee (for Virginia) still $625? Is a 39 or 42 month lease a better deal? Thanks (going looking this weekend). |
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Replying to: scott31 (Feb 10, 2005 2:57 pm) 2.5 MF is .00210 3.0 MF is .00125 $625 is the acq.fee... I don't have the numbers for the other monthly terms... All the advertising I see quotes 36 months, so that leads me to believe the 39 and 42 terms aren't any better... With the lower money factor, and the higher standard equipment level, the 3.0 will probably be almost as cheap to lease as the 2.5, unless you were going for a no-option model... regards, kyfdx
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Replying to: kyfdx (Feb 10, 2005 3:51 pm) Thanks
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