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BMW X3 Lease Questions

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#156 of 723
Re: Are these good lease terms [dwilly78] by talyvan
Apr 13, 2006 (7:30 am)
Reply

Replying to: dwilly78 (Apr 12, 2006 8:25 pm)

Sounds good thus far.. You're not giving much info on the car, but assuming the one we just got (MSRP: 41,895), you're looking at a discount of $2,304.. which puts you on the ballpark of the discount we've been getting. Good Job!
 
Now, only if your driving habits allows it, go for the 10K/year, otherwise shoot for the 12K and don't worry about penalties if you go over, because the reallity is that 3 months before the lease ends, they'll start to offer you a new deal; so you sort of have about 3K miles to play with.
 
Money Factor looks ok, if it gets pumped to 0.00155 still is good. The $625 will be pretty much impossible to get away from.
#157 of 723
Re: Are these good lease terms [dwilly78] by jverg
Apr 14, 2006 (10:02 am)
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Replying to: dwilly78 (Apr 12, 2006 8:25 pm)

Wow!! Has the MF for April really dwindled to .0013!?!?!?
#158 of 723
Re: Help on X3 lease [hotelz] by pgeters
Apr 15, 2006 (7:34 am)
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Replying to: hotelz (Apr 09, 2006 8:22 am)

If it is not to late, hotelz, I pretty much just printed out the deal that was listed in one of these posts (see #141 for my deal) and took it into the dealer and said that I wanted to see if they could match a deal. I was prepared to say, "Please don't waste my time. If you can't match it then just let me know and I will move to the next dealer", (I live in the SF bay area and have plenty of dealers to try) but never got around to it. They asked what the deal was, I gave them the paper, and they said they could.
 
It would have been better to come in with the exact example deal that I wanted but I was hoping for a few more options. Since I wanted more options than that deal they tried to jack the price up unproportionately, but I stuck to my guns and told them I needed to feel good about the deal before I could do it. I got them to come down $40 per month from their first offer. They must have been in the right mood because they backed down pretty quickly and gave me the proportionate deal I was looking for.
 
Also, make sure you ask and calculate out the actual depreciation rate and money factor for your deal while negotiating, because they may not be telling the truth (no, really?) and the money factor isn't quoted on the lease agreement, just the total rent charge. They said they were matching the deal when they first quoted me the payment with the extra $40 a month, but they were not and it was hard for me to verify. Most experts say to get your best deal, then take it home, calculate it out, and think about it before agreeing.
#159 of 723
Re: Quick help on X3 lease [virginiacar] by Car_man HOST
Apr 16, 2006 (4:00 am)
Reply

Replying to: virginiacar (Apr 05, 2006 8:52 am)

Hi virginiacar. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
The dealers that told you that they are not allowed to change the selling price of the X3 that BMW is currently advertising a lease on were indeed lying to you. The selling prices of leased vehicles are always negotiable, just as if you were paying cash or financing. In fact, most manufacturers' advertised lease payments leave a little meat on the bone so to speak. I would not be surprised if you were able to negotiate a better selling price on the X3 that you are interested in than the one that is being used to arrive at the advertised lease payment.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#160 of 723
April X3 Lease stats by kjboyd
Apr 20, 2006 (9:50 am)
Reply
Hi All... here is my latest paper work... does it loo good?
 
MSRP: 39,770
Cap Cost: $37,223
Bank Fee 825 (will ask for less)
Total Cap: 38,048
Cap Reduction: 8,632
net cap: 29,416.
residual: 26,645
total deprec: 2,770
monthly: 77
monthly rental 95
base pay: 172
tax: 13.35
total payment $185.62
dmv fees: $305
advance pay: 185
security: 200
drive off toal 10,000
rate .00170 (will ask for .00125)
 
36 term, 12k miles.
 
thanks!
#161 of 723
lease question by timozone
Apr 23, 2006 (12:06 am)
Reply
what is Cap Reduction and money factor? this is my first time to lease a car. Do I have to know these words before I go to a dealer? Please someone explain this.
And one more thing, the monthly payment people listed in the column, does it included tax or not?
#162 of 723
Re: lease question [timozone] by talyvan
Apr 24, 2006 (10:02 am)
Reply

Replying to: timozone (Apr 23, 2006 12:06 am)

timozone, I definetly recommend you to follow the links posted by the Host on post (159) ASAP, read that first, it'll clear up a lot of your initial questions.
#163 of 723
Re: Quick help on X3 lease [diye] by jjjzzz
May 05, 2006 (8:41 pm)
Reply

Replying to: diye (Apr 05, 2006 12:11 pm)

Does the $392 monthly payment include taxes? I used your numbers to calculate the payment and got $373 before taxes.
 
Thanks.
#164 of 723
May lease rate? by csamherst
May 05, 2006 (8:44 pm)
Reply
Anyone would advise me the lease rate for May? missed the April maniac, dont know if there's still a good deal going on.
 
Thanks!
#165 of 723
Re: lease question [timozone] by Car_man HOST
May 08, 2006 (4:02 am)
Reply

Replying to: timozone (Apr 23, 2006 12:06 am)

Welcome timozone. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. Consumers who do not know how leasing works often get taken advantage of by dealers. Once you have an idea of the general principles of leasing I would be happy to answer any specific questions that you have.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

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