Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences BMW X3: Lease Questions
643 messages, Last post on Oct 06, 2008 at 5:13 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
I have a current BMW lease that will end next month. Can you let me know the current BMW customer loyalty residual and MF for a 2008 X3 and X5? Thanks,
|
|
|
Can you tell me a good negotiated lease price per month MSRP 40975 10,000 miles 36months taxes and all fees plus 1st month paid and 3500.00 down, no security deposit. money factor is .00255 Residual value being used is 65% Northern New Jersey Dealer NY Tax of 8.13 paying up front Thanks |
|
|
Replying to: kpj (Sep 22, 2008 11:42 am) BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW X3 with 15,000 miles per year are .00240 and 62%, respectively. The numbers for an otherwise identical lease of an '08 X5 3.0si are .00200 and 53%, respectively on models that have the free Premium Package. The money factor is reduced by .00080 for non-Premium Package models. BMW was providing a money factor reduction on select models for returning BMW FS lessees, but I have not seen anything about it lately so it might not still be available. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
|
|
|
Replying to: Car_man (Sep 23, 2008 4:26 am) 36 months 10,000 miles. is what I am looking at. I am still having a hard time coming up with the payment per month that is good! There is no premium package. My residual value is definitely 65% I think that looks better then what is being offered out there. Is that right? or is the mileage a factor? thanks again
|
|
|
Replying to: jeannemay (Sep 23, 2008 5:13 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
|
|
|
Replying to: Car_man (Sep 23, 2008 6:05 am) all included in the 3500 down taxes, paperwork , 1st month is that an ok deal??
|
|
|
Replying to: jeannemay (Sep 23, 2008 6:51 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
|
I've been leasing a 2006 x-3 on a two year lease. The lease is up in December, and I'd like to release the car. I called my dealership and they've quoted me a leasing price of almost $230/ month more on a 24 month lease and $170/month more on a 36 month lease. They are also charging an initial payment of more than $6000 -- this after the original initial payment of $5000 I paid in 2006. Remember this is now a used car. These lease charges are more than the advertised leases on the new X-3 I see in the newspaper. Any idea why these charges should be so much higher than my original lease? Do I have to release through the original dealership? Any idea where I can get a lease my used car that is the same or less than what I am currently paying for it? Thanks. RG
|
|
|
Replying to: leaser310 (Oct 06, 2008 2:47 pm) 1) the capitalized cost. This should be no more than the residual value on the first lease. You paid it down to that amount, so you should not have to "buy" the car for more the second time around. 2) How much of the $6,000 initial payment is for a "cap cost reduction" (down payment) and how much goes to other fees. Get a complete breakdown of those fees. Is there another "bank fee"? Is the lessor BMW Financial Services or a local bank? If it's BMWFS, then you may be able to re-lease through them directly. Call them and find out. 3) What is the new residual value? 4) What is the new money factor? Compare it to MFs for new leases. With these figures you can calculate your new payment. Do you know how to do that? It should match theirs. I'll bet in your case they are jacking up the MF and bank fee substantially to make more money. Often in a lease on a brand new car the manufacturer will use a residual that is a bit high in order to lower the payment. But in a re-lease, they know that they have to look at what the vehicle will be worth at the end of the second lease, and that can be quite low. All that depreciation jacks up your payment. Plus, they probably won't be able to give you as good a MF as they can the first time around. Good luck!
|
|
|
Replying to: billmv (Oct 06, 2008 4:41 pm) |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences BMW X3: Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2008 BMW X3
Browse by Board
Browse by Topic
