Last post on May 14, 2013 at 4:40 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X3, SUV
#962 of 1822 Re: BMW X3 3.0 lease numbers.. [kyfdx]
Jul 26, 2005 (3:30 pm)
I am looking to lease a 2005 X3 3.0i that has a MSRP of $39,945. First offer by dealer was $560/mo for 39 months plus tax tag title. I countered at $37,600 ($1000 over invoice) using your MF of .00100 and 60% residual for a payment of $438/mo plus tax tag title. The dealer came back with their final offer of a $520/mo payment plus tax tag title based on a MF of .00165 and 60% residual. . Am I missing something or can I get a deal close to what I figured elsewhere?
Please give me some advice on how to proceed. I am in the S.E.
#963 of 1822 Re: BMW X3 3.0 lease numbers.. [kpj]
by kyfdx HOST
Jul 26, 2005 (4:30 pm)
You'll probably have to try more than one dealer... Not sure exactly where you are, but Nalley BMW in the Atlanta area has a reputation for dealing... Or Passport in Maryland...
Some dealers just won't budge..
#964 of 1822 Re: BMW X3 3.0 lease numbers.. [kpj]
Jul 26, 2005 (7:21 pm)
Thanks. I am in SC and called an Atlanta dealer who gave me a payment based on your MF and residual and agreed to $1000 over invoice, but is steadfast on a $450 refundable security deposit. Is this necessary? Total cash at closing is $1322.57. SC sales tax is a maximum of $300, tag and title no more than $50. Is the rest going to there bottom line? Thanks for all of your help.
#965 of 1822 Re: BMW X3 3.0 lease numbers.. [kpj]
by kyfdx HOST
Jul 27, 2005 (7:20 am)
Yes... security deposit is necessary.. They will waive it, but it involves a mark-up of the money factor... which is a bad deal..
The $450 comes back to you at the end of the lease...
The $1322 includes the first payment and the security deposit... So, there should be nothing extra going to the dealer... That seems normal..
#966 of 1822 Re: $1000 under MSRP, not invoice.. [lukeocyte]
Jul 27, 2005 (1:34 pm)
Although I didn't buy from them, I highly recommend Moritz in Arlington, TX as their internet sales department is amazing. I bought at BMW of Dallas as they had the car I wanted. Keep in mind that BMW of Dallas is now owned by Auto Nation and the service and showroom is par for Auto Nation. There are only a handful of 05 3.0's left in the metroplex. If you're going to wait 2 to 3 months, I assume you're going for an 06.
2005 X3 3.0
$1,000 total due at signing including first month payment
$418 per month
39 month/ 12k
Love the car, especially the upgraded radio option!
#967 of 1822 buying a used 2004 BMW X3 3.0
Jul 27, 2005 (2:36 pm)
Ok...if I were just writing a check to a dealer, and I offered, let's say $36000 for a fully loaded 2004 X3 3.0L automatic/premium pkg/sport pkg/premium sound/nav with 16K miles on it...
What are the MINIMUM extras I can expect on the contract?
Meaning, I know there's an acquisition fee (around 595 or so), taxes and title (how much would title be?), and a doc fee (the dealer is saying it's standard at $150).
Is there anything else I should be wary of? I told them I won't pay ad fees, but that's about as far as it's gotten.
And, does 36K sound fair? They seem to not be willing to budge on $37995 that they advertise. Seems odd.
So, what else is standard on the contract...and what should I absolutely reject.
Thanks for your help!
#968 of 1822 Re: buying a used 2004 BMW X3 3.0 [seeker6]
by kyfdx HOST
Jul 27, 2005 (4:51 pm)
Acquisition fees are only for leases.. You aren't leasing an '04, are you?
Do you really want all of those options? If not, you'd be better off finding a new $41K MSRP '05 and getting it for around $39K...
Tax, title and license fees vary by state..
#969 of 1822 Re: buying a used 2004 BMW X3 3.0 [kyfdx]
Jul 28, 2005 (8:52 am)
I'm not leasing...buying it from a dealer (2004 bmw X3). So no "delivery charge" or anything like that? Just want to make sure.
Any other charges besides tax, title and license fees? PS - I'm in NJ
Thanks so much for your help and feedback.
#970 of 1822 Re: buying a used 2004 BMW X3 3.0 [seeker6]
by kyfdx HOST
Jul 28, 2005 (8:56 am)
No.. there shouldn't be..
Agreed upon sales price
Tax (6% in NJ, I think)
Title, license, maybe some EPA tires fees, state inspection.. Maybe $300 total.
That should be it..
#971 of 1822 X3 lease - Is this good?
Jul 28, 2005 (11:01 am)
Here's the quote i've got from my dealer:
MSRP: 40,445 (including destination charge)
Invoice Price: 37,035 (including destination charge)
Cap Cost: Invoice + 1000 = 38,035
Acq. fee: $625
Adjusted cap cost: 38,660
Money factor: 0,001
Residual value: 63%
Lease term: 39 months/ 10K year
VA Sales tax: 3%
Monthly payment: $435.22
Does this sounds good? I'm between this and an X5 for $490 a month (only option automatic and cold weather package).
Any advice would be greatly appreciated.