- #419 of 723
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looking 4 the good, the bad and the ugly
by jaffman
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Mar 04, 2007 (5:55 pm)
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I have been told that prices on an X3 lease change monthly. I like to take the bottom line approach, and was hoping that someone out there would be kind enough to post what they believe to be a good monthly lease price for this month (march '07), an average lease price and a "bad" (i.e., expensive) lease price that i can expect to receive from dealers in the nyc metropolitan area. Im looking for a 36 or 39 month lease (whichever is the better program), 12k miles/yr, all possible payments rolled into the lease with edmunds telling me that the msrp with the options i want is $44,595, an invoice of $41,030 and a tmv price of $44,320. thanks to all, in advance.
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- #420 of 723
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Re: BMW X3 - final Verdict [buzzbomb999]
by Car_man HOST
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Mar 05, 2007 (2:24 am)
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Replying to: buzzbomb999 (Feb 23, 2007 10:43 pm)
Hi buzzbomb999. A selling price of dealer invoice plus no mark-up of your truck's money factor is an excellent deal on an '07 X3. Who cares about a $100 acquisition fee mark-up when the deal is this good. Congratulations and enjoy your new ride  .
Car_man
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- #421 of 723
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Re: BMW X3 2007 Lease [laurawiz]
by Car_man HOST
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Mar 05, 2007 (2:29 am)
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Replying to: laurawiz (Feb 24, 2007 6:58 pm)
Hi laurawiz. I can give you an idea of what BMW's current lease program for the 2007 X3 is like, but it is only scheduled to run through April 2nd. There is a good chance that the program that is available on this truck in May will be different than the one that is available on it today. You never mentioned how long you want to lease this truck for, so for now I will assume that you want a 36 month lease. Let me know if you want something different. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW X3 with 15,000 miles per year are .00200 and 65%, respectively. 15,000 miles per year is the highest mileage allowance that BMW FS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.
I would be happy to use this lease program to estimate what the monthly payment should be like on the exact truck that you are interested in, but in order for me to do so I need you to provide me with its full MSRP and approximate selling price. Let me know what these numbers are and I'll do some calculations for you.
Car_man
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- #422 of 723
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Re: Just sealed an X3 deal [ninabeemer]
by Car_man HOST
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Mar 05, 2007 (2:31 am)
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Replying to: ninabeemer (Feb 27, 2007 10:00 am)
Congratulations on your new X3, ninabeemer. Thanks for taking the time to share the details of your lease with everyone. This sort of information is always very helpful for others who are in the market for a similar vehicle. Enjoy your new ride!
Car_man
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- #423 of 723
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Re: BMW Financial Lease on 2007 X3 [jcinvestments]
by Car_man HOST
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Mar 05, 2007 (2:38 am)
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Replying to: jcinvestments (Mar 01, 2007 6:09 pm)
Greetings jcinvestments. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
A base 2007 BMW X3 has a spread of a little over $3,000 between its full MSRP and its dealer invoice price. The discount that you were quoted, $2,220, is not bad. It actually looks like you were quoted a payment for a balloon note on this truck. Unfortunately, I cannot comment on the monthly payment that you were quoted because I personally do not keep tabs on the details of manufacturers' balloon note programs. Balloon notes are so much less popular than leases that I focus my efforts on just automakers' lease programs.
Car_man
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- #424 of 723
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Re: Help needed on X3 lease quote [mez2]
by Car_man HOST
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Mar 05, 2007 (2:42 am)
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Replying to: mez2 (Mar 02, 2007 1:04 pm)
Hi mez2. The selling price that you were quoted for the X3 that you are interested in looks pretty good to me. The acquisition fee and money factor that you were quoted look a little high though. BMW Financial Services' current base lease acquisition fee is $625. That means that the dealer is marking your truck's fee up by $200. Also, BMW Financial Services' current buy rate lease money factor for the '07 X3 is .00200. When one subtracts 7 additional security deposits with a reduction of .00007 each from this we arrive at a buy rate of .00151. Make sure that this is the factor that the dealer you are working with uses to calculate your monthly payment.
Car_man
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- #425 of 723
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Re: MARCH M.F. FOR X3 [addi]
by Car_man HOST
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Mar 05, 2007 (2:45 am)
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Replying to: addi (Mar 03, 2007 4:47 am)
Hey Addie. The '07 X3's buy rate lease money factor is the same in March as it was when you locked it in. Its current 24 month, 12,000 mile per year residual value is 75%. The $625 lease acquisition fee is set by BMW Financial Services. Individual dealers do not have the authority to waive this charge, but they are allowed to bark it up by a couple hundred dollars. BMW FS will waive its security deposit requirement at no charge for returning lessees, but I don't believe that it will waive its acquisition fee.
Car_man
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- #426 of 723
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Re: looking 4 the good, the bad and the ugly [jaffman]
by Car_man HOST
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Mar 05, 2007 (2:48 am)
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Replying to: jaffman (Mar 04, 2007 5:55 pm)
Hi jaffman. This truck's lease payment will vary depending upon what sort of selling price you are able to negotiate. For now I will assume that you are able to negotiate a selling price of $1,000 over dealer invoice. According to my calculations, if you were to lease a 2007 BMW X3 that has an MSRP of $44,595 and a selling price of $42,030 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 $482.
Car_man
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- #427 of 723
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TOO THE MAN
by addi
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Mar 05, 2007 (6:39 am)
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Thank you so much for the info. I did not realise the M.F.
was good through 4/2/07. The dealer let on that he locked me in for 60 days. You have been a great help to me through this period. Tomorrow, 3/6/07 I get my 525i inspected and will turn it back in 3/31/07. This was my first lease and without your help and my digging in through BMWFS and the dealer this would not have been a good experience. Again many thanks!!!!!!!!!!!!!!!!!!
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- #428 of 723
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Do I have a decent offer?
by jimabood
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Mar 05, 2007 (12:57 pm)
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I'm looking at an x3. MSRP is 46,620. Invoice according to Edmonds is 42,435. Sale price is 44,320. Money factor is .0255 with 67% residual on 24 mo/12k lease. I'm putting down 3k plus 2,600 in fees resulting in a payment of $458/mo. They have suggested that i go with 12k miles instead of 15k because should I go over I can call up to 4 mo. from lease termination and increase mileage, and pay an increased amount of aproximately $40/mo for the last four months if I go over (6,000 est. overage).
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