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Prices Paid: Buying & Leasing Experiences BMW X3: Lease Questions
619 messages, Last post on Jun 23, 2008 at 2:22 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I got quote today,here are the number he gave me X-3 PREMIUM PKG,PRIVACY GLASS,XENON,METALIC,NAVIGATION MSRP=44000 SALE PRICE=40000 MF-.0019 RESIDUAL=28000 TERMS-24 MONTHS/12K=514-INCL TAX TERMS-24 MONTHS/15K=546-INC TAX TOTAL DRIVE OFF=$1.974 wHAT DO U GUYS THINK?IS THIS A PRETTY GOOD DEAL..LET ME KNOW,THANKS |
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DISREGARD MSG 323 I got quote today,here are the number he gave me X-3 PREMIUM PKG,PRIVACY GLASS,XENON,METALIC,NAVIGATION MSRP=44570 SALE PRICE=42388 MF-.0019 RESIDUAL=34000 TERMS-24 MONTHS/12K=514-INCL TAX TERMS-24 MONTHS/15K=546-INC TAX TOTAL DRIVE OFF=$1.974 IS THIS A GOOD DEAL?
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Replying to: chasieboy (Dec 22, 2006 5:10 pm) I am willing to put down 4,000. I want the purchase price to come in at 42,000 and my montly to be in the low 400's. Not sure if it is possible. |
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All, I currently have a lease with BMW. I understand that current customers receive the lower money factor without having to make the security deposit. If this is the case, how many additional deposits can I make to lower the money factor. Is it still 7, or can I now make it 8 total? Thanks!
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Replying to: getwired (Dec 26, 2006 3:21 pm) regards, kyfdx
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Replying to: kyfdx (Dec 26, 2006 4:15 pm) I'm going to attempt to negotiate a lease of a new X3 tomorrow. Please let me know some numbers I should consider. Anything that could help me....$$ factors, terms...Basically, how much should bargain off of the MSRP? Thanks in advance! |
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Replying to: ctski1 (Dec 27, 2006 10:05 am) Example: $44,000 MSRP $41,500 Selling price $42,125 CAP cost (selling price + acq.fee) 3yr/45K lease 65% Residual .0015 MF Payment = $482/mo.+ tax Due at signing: 1st payment, security deposit, title/license fees (approx. $1200-$1300 total) 3yr/36K lease? Subtract $23/mo. $500 higher selling price? Add $15/mo. Hope this helps... The residuals are fantastic this month... I wouldn't count on them being that good next month. regards, kyfdx |
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Welcome back Car_man and kyfdx, I have this question that has been bothering me for a while now. I'd really appreciate if someone can help me with this. In the below lease offer I'm seeing a total lease payment including acquisition fee of 13, 284 and when I divide that by 36 I get the monthly payment amount of 369 which makes me think acquisition fee is 0 dollars. I'm really confused here. When I try to calculate monthly payments for the as shown car, I'm getting only 389 per month instead of 401 per month. Where am I making the mistake? Also if I make a security deposit do I get my money back at the end of the term? How is it different than putting a down payment? Thanks a bunch for your help. Lease financing available on 2007 BMW X3 3.0si vehicles, registered outside of NY, only at participating BMW centers on leases assigned to BMW Financial Services NA, LLC/Financial Services Vehicle Trust through January 2, 2007. Monthly lease payments of $369.00 for 36 months based on MSRP of $38,695.00 (includes automatic transmission). (Total lease payments including acquisition fee is $13,284.00). For vehicles registered outside of NY, $3,269.00 due at signing includes first month's payment, down payment and security deposit. For vehicles registered in NY, $3,238.00 due at signing includes $369.00 first month's payment, $2,500.00 down payment, and $369.00 security deposit.) Excludes tax, title, license, and registration fees. Lease financing subject to credit approval. Dealer contribution may affect terms. Lessee must cover insurance and all items not covered under the full maintenance program. At lease end, lessee will be liable for disposition fee ($350.00), any excess wear and use as set forth in the lease agreement and excess mileage charges of $.20 per mile for miles driven in excess of 10,000 miles per year. Purchase option at lease end for $26,313.00 excludes taxes. As shown: 2007 X3 3.0si with optional 18" Double Spoke Wheels, Metallic Paint, Xenon Adaptive Headlights has a MSRP of $40,470.00. If registered outside of NY, $401.00/month with $3,351.00 due at signing includes $401.00 monthly payment, $2,500.00 down payment and $450.00 Security Deposit. Total lease payments including acquisition fee is $14,436.00. If registered in NY, $401.00/month with $3,302.00 cash due at signing ($401.00 first month's payment, $2,500.00 down payment, and $401.00 security deposit). Total lease payments is $14,436.00. Lessee acquires no ownership interest unless purchase option is exercised. See participating BMW centers for details and vehicle availability. For more information call 1-800-334-4BMW Base X3 Optioned X3 Down 2500 2500 MSRP 38695 40470 CpCst ">36195 37970 Resdl 26313 27520.02 Term 36 36 MF 0.00151 0.00151 APR 3.63 3.63 R% 68% 68% MP $369 $389 AdvrtsdMP $369 $401
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Replying to: izmirian (Dec 28, 2006 2:18 pm) Without it, you can't calculate the lease payment.. In the advertised lease, the acquisition fee is added to the CAP cost, before the $2500 downpayment is deducted.. It is my estimation that the discount from MSRP to get this lease payment is about $625.. Which is why your calculation works out... Why the numbers don't work out for the more highly optioned model, I'm not sure... They are either working with less of a discount, or there is some other reason... as I would assume $389/mo., as well. As you can see, the low payment is more reflective of the lease program, than a low selling price... Which is something to keep in mind... You should be able to negotiate a deal at least $1000 better than the advertised deal. regards, kyfdx |
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Replying to: kyfdx (Dec 27, 2006 8:23 pm) This is an offer that I've received from a dealer in Springfield, MA "With the options you have specified (205 216 248 2BP 494 4AD) and with 12,000 miles per year, the payment goes up to $361/month for a non-metallic color and $365/month for a metallic color. I ran the numbers with 6% sales tax. I don't know where you would be registering it, but I saw the 860 area code. Therefore, for a non-metallic car you would be at $382.56/month including sales tax with $4042.06 due at signing (first monthly payment of $382.56, security deposit of $400, doc fee of $289, registration fee of $135, acquisition fee to BMW of $650, sales tax on your $2025 cap cost reduction of $121.50 and sales tax on the $650 acquisition fee of $39 plus the $2025 cap cost reduction itself) and for a metallic car, you would be at $387.36/month including sales tax with $4046.86 due at signing (first monthly payment of $387.36, security deposit of $400, doc fee of $289, registration fee of $135, acquisition fee to BMW of $650, sales tax on your $2025 cap cost reduction of $121.50 and sales tax on the $650 acquisition fee of $39 plus the $2025 cap cost reduction itself). The monthly payment seems fair, but the $4046 due at signing is a bit high...(?) Your valuable input will be greatly appreciated. Have a Happy New Year! |
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