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Prices Paid: Buying & Leasing Experiences BMW X3: Lease Questions
632 messages, Last post on Aug 28, 2008 at 2:38 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I am looking to lease an X3 BMW. I have no experience with making "deals" as far as leasing goes. Could you please explain to me what I can do and what I should know going into this experience. I do not want to get ripped off. I am looking at X3's range 41-45K. I live in Bend, Oregon. there is only one BMW dealer here in town. should I drive over to the valley...Salem/Portland to get a better deal? I have Volvo V50 2005 at this time. can I make any deals with a trade-in? the Volvo is bluebooked at around 25K+. what is the best way to approach this? please help. I don't want to be ignorant going into this lease. Thanks,
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Replying to: mapperman (Jun 24, 2006 10:22 pm) |
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Replying to: lponz7 (Jun 08, 2006 8:30 am) Car_man Host Prices Paid Forums |
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Replying to: spindoc1 (Jun 18, 2006 4:42 pm) As far as this truck's price goes, a 2006 BMW X3 with similar equipment to the one that you described has a spread of around $4,000 between its full MSRP and dealer invoice prices. You are only being given a discount of $1,620 on this tuck. If I was in the market for one, I personally would want at least a $3,000 discount. You may be able to get an idea of how much others have paid for similar trucks by stopping by the following discussion: "BMW X3: Prices Paid & Buying Experience". Car_man Host Prices Paid Forums |
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Replying to: cmcewen2 (Jun 20, 2006 1:27 pm) Car_man Host Prices Paid Forums |
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Replying to: mapperman (Jun 24, 2006 10:22 pm) When negotiating a lease, the two most important numbers to focus on are your vehicle's selling price and its money factor. These ate the two main profit centers for dealers. Negotiate as low a selling price as possible on the X3 that you want and then have the dealer calculate its lease payment using BMW Financial Services' "buy rate" lease money factor. This car's current buy rate is .00185. It is important to make sure that this is the number that is being used to calculate your truck's lease payment because BMW dealers are notorious for marking vehicles' money factors up to add additional back-end profit to deals. If you want to trade in your Volvo, treat it as a separate transaction. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". When you trade in your car, have the dealer cut you a check for any equity that you have in it rather than using the proceeds from it as a capitalized cost reduction for your lease. It is in your best interest not to make large down payments when leasing because if your leased vehicle is totaled in an accident or stolen and never recovered, your down payment essentially disappears. Well, that covers the basics. Let me know if you have any other questions. Car_man Host Prices Paid Forums |
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What are the current lease rates for the X3? I saw that there were some lease specials, but I'd like to know the breakdown, i.e. residual, money factor and so forth. Supposed to be good through Aug 31 I think. Thanks! |
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Replying to: edever (Jul 12, 2006 12:07 pm) Any help Car man is appreciated! |
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Replying to: kptaylor (Jul 18, 2006 7:05 pm) Residual rates: 78% for 24-month, 10k/yr 77% for 24-month, 12k/yr 68% for 364-month, 10k/yr 67% for 36-month, 12k/yr money factor (good til 8/31): .00195 (seems to have gone up a bit from .00185) |
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Car_Man, I'd really appreciate your assistance with this one. I'm in the midwest, Kansas City region. I'd like to lease a standard X3 with heated seats and privacy glass added. According to Edmunds.com Retail: 38345 TMV: 36864 Invoice: 35140 I'd like a 39-44 month lease with 12k of miles. Current posted internet special is 36 month 379 / month. With 3800 up front. I think 366 / month for the X3 described above is fair with around 1800 drive off total for the lease I'm looking for. Is this realistic? What numbers do I need to present to the dealer in order to make this happen? Thanks in advance! I appreciate any assistance anyone can provide as I'm a newbie to the leasing world.
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