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BMW X3: Lease Questions

632 messages,  Last post on Aug 28, 2008 at 2:38 AM

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

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#190 of 632 Re: About the extra miles purchase by talyvan Jun 05, 2006 (11:48 am)
Replying to: 0711 (Jun 02, 2006 5:33 am) Exactly as posted, aditional miles price are not negiotiable, I took the time to cut and paste this from the OC website, I though it'll be interesting to have around.   " What does it mean to buy more Lease miles? More Miles = more driving fun. So, you think that you might go over the number of miles in your lease contract? BMW Financial Services allows you to buy additional miles today, for up to a 20% savings, and enjoy more driving fun now without paying more later.   Why should I buy more miles Enjoy more miles of exhilarating driving behind the wheel of your BMW. Why worry about having to pay at the end of your lease for going over your allotted miles? Use the mileage calculator to estimate the number of additional miles you want to enjoy in your BMW and see how much you will save by purchasing them now.   What are the benefits? Cost Savings - Save up to 20 percent on additional lease miles by purchasing them ahead of time   Flexibility - Additional miles can be purchased in one lump sum payment, or the total cost may be spread out over the remaining monthly payments.   It's Easy! Everything you need to complete this process is available right here on the Owners' Circle.   Don't delay! This service is available to you until you reach 4 months from the end of your lease. So purchase your additional miles today! "   Talyvan
#191 of 632 Re: Ending X3 Lease Early [gregdbusch] by Car_man HOST Jun 08, 2006 (3:47 am)
Replying to: gregdbusch (May 21, 2006 7:15 am) Congratulations on your new baby, gregdbusch. I certainly know what it is like to have to change vehicles because of a new arrival. That's why I don't drive coupes any more . It's worth it though . Anyhow, I am sure that lots of dealers would like to "help" you get out of your X3 lease and into a new X5. However, dealers do not have some magical way to get you out of your current lease for free. It is probably going to be fairly expensive to get out of your leased X3 over a year before the scheduled end of your lease. You will probably have to pay money out of your pocket to get out of this truck at this point or at least pay way more than you should on your X5 lease. By far, your least expensive option would be to continue to drive your X3 until you are closer to the scheduled end of your lease. If you only have one child it should be big enough to tough it out another couple of months. It's not like we're talking about a Z4 .   Car_man Host Smart Shopper / Prices Paid Forums
#192 of 632 Re: My first BMW [mschu3] by Car_man HOST Jun 08, 2006 (3:50 am)
Replying to: mschu3 (May 21, 2006 6:53 pm) Congratulations on your first new BMW, mschu3. It looks like you paid $1,600 over invoice for this truck. That is a reasonable price, but if you are in an area that has a decent level of competition I would not be surprised if you would have been able to get another couple hundred off. The money factor that was used to calculate your truck's monthly payment is right in line with BMW Financial Services' current buy rate for it. Plus this dealer did not try to mark your vehicle's acquisition fee up like a lot of BMW dealers do. Overall I would say that this is a reasonable deal.   Car_man Host Smart Shopper / Prices Paid Forums
#193 of 632 Re: May Lease Program on the X3 first lease [zoshan] by Car_man HOST Jun 08, 2006 (3:57 am)
Replying to: zoshan (May 31, 2006 6:10 pm) Greetings zoshan. The selling price that you were quoted for this truck looks reasonable. If you want to fid out how much over dealer invoice it is, you can look up your vehicle's invoice price in the following section off this site: Edmunds.com - New Vehicle Pricing. Let's use BMW's actual current lease program to estimate what its monthly payment should be. According to my calculations, if you were to lease a 2006 BMW X3 with an MSRP of $45,000 and a selling price of $42,500 through BMW FS right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $452. Since the payment that you were quoted includes tax, it looks about right to me.   Car_man Host Smart Shopper / Prices Paid Forums
#194 of 632 June numbers by lponz7 Jun 08, 2006 (8:30 am)
Looking at an X3 on a 39 month, 10K per year miles, lease. Are BMWFS's May numbers (.00185 and 68%) still in effect or are there new numbers? I'm not sure I've ever seen a residual value that high after thirty-nine months. lponz7 Replies to this message: spindoc1 (Jun 18, 2006 4:42 pm) lponz7 (Jun 19, 2006 9:06 am) Car_man (Jul 02, 2006 6:37 am) Car_man (Jul 02, 2006 6:22 am)
#195 of 632 2006 BMW X3 by spindoc1 Jun 18, 2006 (4:42 pm)
Replying to: lponz7 (Jun 08, 2006 8:30 am) After reading the numbers in this forum, i'm feeling that i'm paying way to much for my lease on a 2006 X3. The car i'm going to lease (I say going to because I haven't received delivery of the car yet, it's currently on a ship on the atlantic) is fully loaded: cold weather package, premium package, servotronic steering, xenon, navigation, premium sound, park distance control, rear airbags, performance 18" tires, privacy glass and auxillary input. Total price is $47 620. Dealer told me they will knock the price down to about $46000. With that I signed a lease with zero down, 12k miles/year, 39 months for $599/month including taxes. First month I owe first month lease and security deposit. By looking at the numbers in this forum i'm thinking that I didn't really get a good deal. Can anyone let me know how these numbers sound and if i'm still bound to te lease even though the car won't be here for another 3-4 weeks? Thanks Replies to this message: lponz7 (Jun 19, 2006 9:06 am) Car_man (Jul 02, 2006 6:37 am)
#196 of 632 Re: 2006 BMW X3 [spindoc1] by lponz7 Jun 19, 2006 (9:06 am)
Replying to: spindoc1 (Jun 18, 2006 4:42 pm) I think the payment is too high. First, it seems folks are getting a discount of about $2,000 to 2,500 on the X3 now, depending on competition in the area. With all those options, which often have higher mark-ups, a $1,620 reduction to determine base rate cap cost seems a little stingy. As for the lease terms, even using your numbers, and a sales tax rate of 7% (you didn't indicate what taxes are in your area), I come out with a payment of $540.92 based on the June money factor and residual value that I understand are being offered by BMW's captive finance subsidiary--.00185 and 67% on a 12K miles per year lease. This leads me to believe that the dealer also marked-up the money factor to hide additional profit--not uncommon among BMW dealers. Of course, with a lower cap cost, the monthly payment would be even lower--there a lots of free on-line lease calculators available to run these numbers under different scenarios. In terms of whether you are bound to the deal, that is a function of the nature of the contractual commitment you made when you ordered the vehicle and how accommodating your dealer is willing to be. Good luck. lponz7
#197 of 632 Re: 2006 BMW X3 by spindoc1 Jun 19, 2006 (9:12 pm)
Thanks for the advice and info Iponz7. I really appreciate it. Will keep this forum posted on what sort of a deal I can strike. Wish I had been here sooner.
#198 of 632 Lease Deal on X3 - Any good? by cmcewen2 Jun 20, 2006 (1:27 pm)
Hi. I just finalized a lease deal with my local Massachusetts BMW dealer - for an X3, heated seats, heated steering wheel, metallic paint, leatherette seats, privacy glass, rubber floor mats. It's not a loaded vehicle - but after some negotiation...here's the final deal I received:    Term: 39 mths, 10k miles Monthly payment: $398.86 (incl MA 5% tax) Selling price: $36675 - Edmunds says the MSRP is $38970, and invoice is $35705) Residual: 68% based on MSRP Money factor: .00185 Down Payment: $0 Sec Deposit: $400 Bank Fee: $761 Title/registration: $285.25    My drive off costs come to $1845.11 and I'll have monthly payments of $398.86 - All appears good, what dya think? Did I get a good deal?    Also, I drive anywhere from 11-13k miles a year - I'm counting on BMW's mid term mileage adjustment to allow me to up my mileage, paying $0.16/mile vs $0.15/mile upfront based on a guesstimate of my future miles.   I also read on this forum about Owner's circle pricing ($0.16/mi that can be purchased UP TO 4 mths before the end of the lease period - that's great - in fact, when I mentioned this, my dealer knew nothing about this.    Thanks in advance! Replies to this message: stevenyc (Jun 21, 2006 6:44 am) pgeters (Jun 21, 2006 9:24 pm) Car_man (Jul 02, 2006 6:42 am)
#199 of 632 Re: Lease Deal on X3 - Any good? [cmcewen2] by stevenyc Jun 21, 2006 (6:44 am)
Replying to: cmcewen2 (Jun 20, 2006 1:27 pm) It sounds pretty good to me. You got it for less than a thousand above invoice. About the miles, I beieve the owner's circle says you can buy extra miles as long as you have at least 9 months left on your lease. You can access the owner's circle immediately by setting up an account using your production number.   I just signed a lease in NYC for an X3 with the Premium package and Nav. Term: 30mths, 12K miles Monthly payment: 311 Selling Price: $39.5K (MSRP=41,095; INV=37,645) Residual: 71% Money Factor: .002 Down Payment of about 4800 Sec Dep 350 Bank Charge: 650 Upfront (including 1st month, sales tax (8.375), downpayment, title, registration and bank fee): 7500.   After reading other posts I feel like the money factor is too high and maybe could've gotten a better price, but even so I like the dealership and my rep there is great. Replies to this message: pgeters (Jun 21, 2006 9:24 pm)

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