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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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#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)
#142 of 723 Re: Quick help on X3 lease [pgeters] by diye Apr 05, 2006 (9:56 pm)
Replying to: pgeters (Apr 05, 2006 7:16 pm) Wonderful, I'm glad that I could have been any help. And we should thank edmunds for this wonderful site, it makes buying/leasing a car so effortless.   There is one problem though: the deals are so tempting that I am changing cars more often than I should.
#143 of 723 Help on X3 lease by hotelz Apr 09, 2006 (8:22 am)
Hi,   I went to our local BMW dealership yesterday with the intention of leasing the X3. Unfortunately the number we worked out and the number the dealer gave us were completely different! Just wondered if anyone can give me any advice on getting the monthly payment to around $380. Here what we were given: MSRP $38690 36 months 12K miles $2500 down The dealer came back with $489.84 month. Also asked about a 24 month lease with the same money down and he gave me $518.53! He explained that the number was high because of state and local tax (New Orleans, Louisiana). He suggested we put another $2000 down in order to get to the monthly payment we want. I don't really want to drop $4500 on a lease down payment.   Any advice would be much appreciated.   Thanks! Replies to this message: talyvan (Apr 10, 2006 10:31 am) bdr127 (Apr 10, 2006 12:30 pm) hotelz (Apr 10, 2006 1:23 pm) and 1 more... pgeters (Apr 15, 2006 7:34 am)
#144 of 723 No way.. Run Forrest, Run! by talyvan Apr 10, 2006 (10:31 am)
Replying to: hotelz (Apr 09, 2006 8:22 am) That's just plain BS and the salesman it's not treating you fearly, with those numbers (assuming $2500 down only, therefore your dive off fees will be around $3100 perhaps a bit more including 1st month, registration and other fees), you should be on the $420 ballpark, and if you do 39 months, it should drop to about $393/mo.   The only way you can get those numbers is that your credit score is really bad. Replies to this message: bdr127 (Apr 10, 2006 12:30 pm) hotelz (Apr 10, 2006 1:23 pm) talyvan (Apr 10, 2006 3:39 pm)
#145 of 723 Re: Correct.. and thanks for this thread.. by talyvan Apr 10, 2006 (10:55 am)
Replying to: diye (Apr 05, 2006 12:11 pm) I got similar deal as everybody is getting, and I think is fear enough. This is what i got.   MSRP: $41,895 Negociated: $39,645 ($2250 off, requested and given) Terms: 39MO, 12K/year = Total 39K miles Residual: $28,069 (67% of original MSRP on 39Mo) Money Factor: not specified on contract, but taking my rent charge is about 0.00155 Down Payment: $0.00 Trade-In: CRV 03, $3725 Bank fee: $625 (tied to fight this one, but I could not write it off) Transfer Plates: $80 1st Month: $385.20 Total Out of pocket: $465.2 (1st month payment + plates transfer)   Just for the record, the monthly paymet 15K/year was about $10 more, but it was just way too much for my wife's driving habits.

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