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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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#402 of 723 Re: 2007 X3 Lease: Deal or No Deal? [ninabeemer] by Car_man HOST Feb 23, 2007 (3:50 am)
Replying to: ninabeemer (Feb 20, 2007 3:44 pm) Thanks ninabeemer . $1,000 over dealer invoice is a reasonable price for a 2007 BMW X3, especially for an ordered one, but the money factor that is being used to calculate your truck's lease payment is a little high. BMW Financial Services current buy rate for a 36 month lease of an '07 X3 is currently .00200 with the payment of a security deposit at lease signing and .00215 with the deposit waived. It appears as though the dealer that you are working with is attempting to mark your truck's money factor up to add additional hidden profit to your deal. Likewise, they are trying to mark up BMW FS' base acquisition fee of $625. Make sure to get them to use the buy rate money factor and base acquisition fee. If they won't, you can always shop around to see if another dealer in your area will.   Car_man Host Prices Paid Forum Replies to this message: ninabeemer (Feb 23, 2007 7:37 am) Car_man (Mar 04, 2007 10:59 am)
#403 of 723 Re: BMW Financial Question on New Lease Negative Trade [susanj92009] by Car_man HOST Feb 23, 2007 (3:55 am)
Replying to: susanj92009 (Feb 20, 2007 3:54 pm) Hi susanj92009. I believe that the maximum amount that can be financed on a leased vehicle is based upon a percentage of the MSRP of the vehicle that is being leased. I'm not sure where BMW Financial Services caps the capitalized cost, but it is probably somewhere around 105% of MSRP or so. Perhaps someone else out there can provide a little more insight on this subject.   BMW Financial Services' base lease acquisition fee is $625. Its current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW X3 with 12,000 miles per year are .00200 and 67%, respectively.   Car_man Host Prices Paid Forum
#404 of 723 Re: BMW Financial Lease on 2007 X3 [lwv] by Car_man HOST Feb 23, 2007 (3:57 am)
Replying to: lwv (Feb 20, 2007 6:47 pm) Hi lwv. Let's crunch some numbers and see what sort of payment we come up with. According to my calculations, if you were to lease a 2007 BMW X3 that has an MSRP of $46,620 and a capitalized cost of $47,066 through BMW Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $597.   Car_man Host Prices Paid Forum Replies to this message: jcinvestments (Mar 01, 2007 6:09 pm) Car_man (Mar 05, 2007 2:38 am)
#405 of 723 Re: X3 Lease Question--18k miles [btshudy] by Car_man HOST Feb 23, 2007 (4:01 am)
Replying to: btshudy (Feb 21, 2007 5:54 pm) I'm glad that you enjoy this forum so much, btshudy. If you are in an area that has a decent level of competition, there is a decent chance that you will be able to negotiate a lower selling price than the one that you were quoted. Make sure to stop by the following discussion to see how much other community members have paid for similar trucks lately: "BMW X3: Prices Paid & Buying Experience". Furthermore, the money factor that the dealer is using to calculate your truck's lease payment is a little high. BMW FS' buy rate lease money factor for a 24 month lease of an '07 X3 is currently .00200. Make sure that the dealer you are working with uses this factor to calculate your truck's monthly payment.   Car_man Host Prices Paid Forum
#406 of 723 Re: X3 lease offered to me - think it stinks [buzzbomb999] by Car_man HOST Feb 23, 2007 (4:07 am)
Replying to: buzzbomb999 (Feb 22, 2007 8:42 pm) Hi buzzbomb999. In a competitive marketplace like California, I think that you can do better than this. You aren't being given much of a discount on this truck AND the dealer is marking up both your acquisition fee and money factor. Try shopping around to see if you can do better than this.   Car_man Host Prices Paid Forum
#407 of 723 Re: 2007 X3 Lease: Deal or No Deal? [Car_man] by ninabeemer Feb 23, 2007 (7:37 am)
Replying to: Car_man (Feb 23, 2007 3:50 am) Thanks, Car Man. Insightful as always. I agree, it sounds like this dealership is trying to mark-up everything. I'll let everyone know what the final deal comes to. See ya. Replies to this message: Car_man (Mar 04, 2007 10:59 am)
#408 of 723 X3 Lease Offer Revised by buzzbomb999 Feb 23, 2007 (9:56 am)
Thanks for your help. I love this site.   Different dealer came back to me. They were high before too. How is this:   2007 X3, metallic paint, premium package, privacy glass:   MSRP: $41,970 Sell: $39,400 Invoice: Somewhere between $38,635 and $39,000. Don't know what invoice for metallic paint is.   36 month lease 12k miles per year Trade in my old old old 540 for $2500 cap reduction. $725 acquisition fee MF = 0.00215 (no security deposit) Monthly payment with 8.5% tax is $480   Is it better to make a $500 security deposit and get the MF of 0.002 or no deposit with 0.00215?   Should I take it?   Thanks,   D Replies to this message: Car_man (Mar 04, 2007 11:02 am)
#409 of 723 BMW X3 - final Verdict by buzzbomb999 Feb 23, 2007 (10:43 pm)
I signed the papers:   X3 - premium package, privacy glass, metallic paint.   -36 month, 12K miles/year -Sell price = Invoice = $39,215 -MF = 0.002 -Bank fee = $725 (I know I gave up $100) -I did do a security deposit of $500 to get the MF. Figured saving .00015 in MF worth roughly $360 is worth letting them hold $500 of my dollars for 3 years. Hard to make $360 off of $500 in other ways. -traded in old BMW with problems. 1994 540 valued at 6K in KBB but had many, many problems that would make selling very difficult. Got $2,500 for it.   $456.00 monthly payment including 8.5% sales tax.   Bottom line is I drove away with the X3 of my choice,first month paid for, traded in my car, put $500 down for security, and now pay $456/month. Only out of pocket aside from loosing my old problematic car was the $500 security.   I think I did well. Please feel free to burst my bubble if I am wrong because I am very new at this. If I did anything right it was because of this discussion. I had to bounce between the internet departments in multiple dealers. Some lied to me by saying that the 0.0024 MF was required by BMW financial (among other things) and others were good to work with.   I hope some of this helps because I was helped by others.   Thanks car man and kfydx and everyone else who shared here. Replies to this message: Car_man (Mar 05, 2007 2:24 am)
#410 of 723 BMW X3 2007 Lease by laurawiz Feb 24, 2007 (6:58 pm)
I am planning to lease a 2007 X3 with sport package by May 2007. I need 18K miles per year. I live in NY/Long Island area. What can I expect to pay. What is the current money factor and a good residual? I want to leave the least amount down and pay taxes in the monthly payments. Replies to this message: Car_man (Mar 05, 2007 2:29 am)

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