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BMW X3 Lease Questions

723 messages,  Last post on Oct 26, 2009 at 8:06 AM

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What is this discussion about? BMW X3, Car Leasing, SUV

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#132 of 723 Re: Hello Car_man!!!!! March X3 Lease info yet!?!? [jverg] by Car_man HOST Mar 31, 2006 (5:03 am)
Replying to: jverg (Mar 07, 2006 11:47 pm) You're very welcome, jverg. Dealers really don't make any profit by leasing vehicles to consumers at banks' buy rates. Some banks kick dealers a couple hundred dollars, like $100 or $200, but given the paperwork involved I would hardly consider that profit. Like most banks, BMW does place a cap on how much dealers can mark-up vehicles money factors. I don't remember how high BMW FS' cap is, probably .00040 to .00050. It doesn't really matter though because given the market for the X3 right now, you should not let the dealer that you are working with mark up your truck's money factor at all.   Car_man Host Smart Shopper / Prices Paid Forums
#133 of 723 Just leased a X3 in SCAL by diye Apr 02, 2006 (6:46 pm)
After reading the forum, I realized there can not be a better time to lease a X3. So I went shopping today.   My initial plan is: (1). 2300 off MSRP; (2). Get the 67% residua for 36 MO, 12k/year; (3). Get 0.00125 money factor; (4). Pay only $625 ( not $825 as dealers usually charge ) bank fee;   What I ended up getting is: MSRP: $40995 Purchase Price: $39000 Residual: 39 MO, total 39k Miles at 67%! (instead of 36 MO) Money Factor: 0.00155 Down Payment: $900 Bank Fee: $625 Security Deposit: $450 Monthly Payment: $372   The $372 monthly payment is very close to my initial plan, but with the following factors: (1). On purchase price, deal got $300 more; (2). On money factor, deal got 0.0003 more, translate to $770 more in total payments; (3). I got a big surprise by getting 67% residual on a 39 month lease, I would imagine the residua for 39 month should be 64-65%; That translates to about $1000 to my favor;   Overall, I spent total of 3 hours to get the car. I probably could have saved several hundred dollars by going to more dealers and irritate most of them. But this deal sounds very sweet to me, thanks mainly to BMW for their incredible lease program to start with. Replies to this message: pgeters (Apr 02, 2006 8:47 pm) Car_man (Apr 04, 2006 2:00 am) virginiacar (Apr 05, 2006 8:52 am) Car_man (Apr 16, 2006 4:00 am)
#134 of 723 Re: Just leased a X3 in SCAL [diye] by pgeters Apr 02, 2006 (8:47 pm)
Replying to: diye (Apr 02, 2006 6:46 pm) Excellent! I am going to take your stats and use them during negotiations. I would be happy to come away with a deal like yours. Thanks Diye!
#135 of 723 X3 MF/Residuals by jzack24 Apr 03, 2006 (7:34 pm)
Hello. Does anyone know the money factors and residuals for the X3? I'm interested in 15K/yr programs for 24 and 36 months (also 27 and/or 39 if they exist). Thanks for your help! Replies to this message: Car_man (Apr 04, 2006 2:03 am)
#136 of 723 Re: Just leased a X3 in SCAL [diye] by Car_man HOST Apr 04, 2006 (2:00 am)
Replying to: diye (Apr 02, 2006 6:46 pm) You're absolutely right, diye. This is an excellent time to lease an X3. BMW's lease program is so aggressive on it right now that its sales of this model doubled last month (well that and BMW paid dealers to dump a bunch of them into demo service). Congratulations on your new truck.   Car_man Host Smart Shopper / Prices Paid Forums
#137 of 723 Re: X3 MF/Residuals [jzack24] by Car_man HOST Apr 04, 2006 (2:03 am)
Replying to: jzack24 (Apr 03, 2006 7:34 pm) Hi jzack24. If you were to lease a 2006 BMW X3 through BMW Financial Services in April for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00150 and 75%, respectively. The numbers for an otherwise identical 36 month lease should be .00130 and 65%. I believe that BMW is allowing lessees to use its 36 month program for 39 month terms in April. This should help to lower this truck's lease payment a little bit.   Car_man Host Smart Shopper / Prices Paid Forums
#138 of 723 use 39 month instead of 36 by diye Apr 04, 2006 (7:21 am)
" believe that BMW is allowing lessees to use its 36 month program for 39 month terms in April. This should help to lower this truck's lease payment a little bit."   Based on my example, if I were to lease 36 month instead of 39 month (their residual are the same ), my monthly payment will be $394 instead of $372, a $22/month difference, or $800 over the life of the lease.
#139 of 723 Quick help on X3 lease by virginiacar Apr 05, 2006 (8:52 am)
Replying to: diye (Apr 02, 2006 6:46 pm) I am considering leasing for the first time and was not aware of the negotiability of the lease (and I though I knew at least the basics of car I see that this buyer(lessee) in fact got the down payment down below what is advertised for this X3 deal. I have talked with dealers and they say "this is a BMW finance deal and we have no flexibility" - e.g., cannot negotiate the purchase price because it is pre-set for the lease (and this may be especially so because I am not overloading with options?). Your post makes this sound like a lie. Also, the money factor is confusing; I am not sure how to ask about it other than to just ask.   Any enlightenment appreciated. Replies to this message: Car_man (Apr 16, 2006 4:00 am)
#140 of 723 Re: Quick help on X3 lease by diye Apr 05, 2006 (12:11 pm)
You don't even have to mension the lease Ad by BMW.   I went into the dealership the other day and wrote down the following in a piece of paper and showed to the dealer:    MSRP: $40995 (1) Purchase Price: $38700 Residual: 67% (for 36 month, 12k/year) (2) Money Factor: 0.00125 Down Payment: $1000 (3) Bank Fee: $625 Security Deposit: $400   Monthly Payment: $366 ( this is calculated based on the items above, you can find out how to calculate it from this site, there is a good arcle explaining it )  The only items negociatble is (1), (2) and (3) above, and yes, they are all negociable. After some negociation, we agreed on the following final number:   MSRP: $40995 Purchase Price: $39000 Residual: 39 MO, total 39k Miles at 67%! (instead of 36 MO) Money Factor: 0.00155 Down Payment: $900 Bank Fee: $625 Security Deposit: $450 Monthly Payment: $372   This is still much better than the national lease deal advertised. Replies to this message: pgeters (Apr 05, 2006 7:16 pm) diye (Apr 05, 2006 9:56 pm) talyvan (Apr 10, 2006 10:55 am) jjjzzz (May 05, 2006 8:41 pm)
#141 of 723 Re: Quick help on X3 lease [diye] by pgeters Apr 05, 2006 (7:16 pm)
Replying to: diye (Apr 05, 2006 12:11 pm) Diye, I took your deal into the dealer and asked him to match it for an X3 with a couple more options and he did it with little objection. Here is the deal we came to:   MSRP: $43695 Purchase Price: $41444 (- $2251) Term: 39 Mo, 10k Mi/Yr Residual: $29275 (67%) Money Factor: .00155 Down Payment: $965 Bank Fee: $625 Security Deposit: $450 Monthly Payment: $395   Thanks for the nice negotiation tool! I am excited to finally be in the club! Replies to this message: diye (Apr 05, 2006 9:56 pm)

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