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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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#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)
#412 of 723 Just sealed an X3 deal by ninabeemer Feb 27, 2007 (10:00 am)
All:   Just posted this on the Prices Paid section:   MSRP: $43,370 Net Cap Cost : $40,965 (about $1K over invoice) Acquisition Fee: $ 625 Adjusted Cap Cost: $41,590 Terms: 36 mo / 12K miles per year / $0 down, no trade Residual: 67% MF: .002 Acquisition Fee: $625 Payment: $492.23 / month    This site is a fantastic resource for this type of information. I would have paid much more without doing the research here. Thanks everyone. Replies to this message: Car_man (Mar 05, 2007 2:31 am)
#413 of 723 Re: BMW Financial Lease on 2007 X3 [Car_man] by jcinvestments Mar 01, 2007 (6:09 pm)
Replying to: Car_man (Feb 23, 2007 3:57 am) Hello Car_Man, I am new to leasing and I am not sure that this is a good offer. Can you advise?   The reason to trade and get into leasing is to lower my payments. I currently own a 2004 BMW X3 3.0 26,000 miles that I will use as a trade. Current payment $700.   Lease offer (24months-10000miles) MRSP+options: $45470 Selling price: $43250 Trade Value: $27500 Trade Payoff: $23930 Residual: 78% Ballon: $35466 Principal: $5996 Principal Payment: 266 Interest on ballon:189 Amount to finance including sales tax: $41462 Interest Rate: 6.4%   Monthly payment: $455.99   Thank you. Replies to this message: Car_man (Mar 05, 2007 2:38 am)
#414 of 723 Help needed on X3 lease quote by mez2 Mar 02, 2007 (1:04 pm)
Alright, I was about to put a deposit on a X3 today but wanted to see if there is something hidden in the deal.   X3 MSRP $41,000 Sales Price $38,400 Adjusted Cap $40,571.64 Includes $825 Aquisition fee and some thing else. 67% residual on 3yr 12K year lease Mulitple security Deposits Total of 8 for a money factor of .00176 Payment = $483.68 including our 6.75% sales tax.   How am I doing? Replies to this message: Car_man (Mar 05, 2007 2:42 am)

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