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BMW X3 Lease Questions

723 messages,  Last post on Oct 26, 2009 at 8:06 AM

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What is this discussion about? BMW X3, Car Leasing, SUV

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#446 of 723 Lease Offer on 2007 BMW X3 3.0si by siuside Apr 21, 2007 (5:09 pm)
Car_Man, Kyfdx, other experts, please advice.   Base Price = 38K   Premium Package = 2550 18"Wheels = 500 Comfort Seats = 1000 Heated Front Seats = 500 Gray Polar Wood Trim = 0 Nav System = 1800( really ? , i dont even need this) BMW Assist = 750 Privacy Glass = 350 Metallic Paint = 475 Leather Upholstery = 1450   MSRP = 44,950 Selling Price = 44,050   Rate/Money Factor = 0.00215 Residual = 67% = $30,585.50 $0 down ( i insisted on this after reading initially about lease deals)   $606.95/month for 36 months with 12K miles/year.   Is this a good deal? what kind of discounts/price adjustments should i be requesting? i really dont wanna go over $550 per month.   Thanks in advance. You guys have helped a lot of people and are doing a great job. Replies to this message: Car_man (May 04, 2007 2:05 am)
#447 of 723 Re: TOO THE MAN [addi] by rnmom Apr 22, 2007 (5:26 am)
Replying to: addi (Mar 05, 2007 6:39 am) Dont know if this is a good deal Not sure of the cost my husband and I just talked about the monthly We asked for 36 months 10k(we never trun in a lease with more then 20 25 k).. we will be puting 3750 down that includes the New York State tax 8 or 81/4% monthly is 512 What do you think of the deal The dealer is Open Road BMW Edsion, WE are still undecided. We looked at all types of cars the Hydudi Sant Fe was 499 a month so the X3 looks like the pick. Replies to this message: gary55 (Apr 23, 2007 7:14 pm)
#448 of 723 Re: TOO THE MAN [rnmom] by gary55 Apr 23, 2007 (7:14 pm)
Replying to: rnmom (Apr 22, 2007 5:26 am) try going to morristown bmw I got my 07 x3 there.got a great deal,msrp 46,100 paid 43,000,put down 3,400 including n.y.s.tax. 36 month lease 12000/year $460 a month.plus first month payment and $500 security.appox$1100 in tax. Good luck Gary55
#449 of 723 Re: X3 Trailer Hitch [cincyart] by proth Apr 27, 2007 (1:28 pm)
Replying to: cincyart (Apr 20, 2007 4:24 am) Thanks a lot. Good advice. Found a guy here (VT) who will do the job at the price you noted. Definitely beats the $1,000 our dealer is quoting.
#450 of 723 Reference only.. ED leases by vsaxena May 03, 2007 (9:16 pm)
I am currently driving an X3 3.0si (MSRP $48K+ Step, Sports, Premium, Cold Weather, Nav, Xenon, PDC, Cargo Net, Servotronic, Privacy Glass) with a payment of $358+tax. I did European Delivery and made multiple security deposits but no cap down. Deal was $1000 over ED invoice plus base lease rates for a 24 month/10K term. This was based on December 2006 lease rates.   Lease payments can vary a lot depending on the current incentives. As the person who was quoted $499 for the Hyundai found out, very often you can lease BMWs at a price very close to what you would pay for a car which costs half as much   And those who like driving BMWs should join the BMW Car Club of America. Their rebate program ($500/$1000/$1500 for 3er,5er,7er) is excellent value for the $40/year you pay.
#451 of 723 Re: TOO THE MAN [addi] by Car_man HOST May 04, 2007 (1:21 am)
Replying to: addi (Mar 05, 2007 6:39 am) You're very welcome, addi.   Car_man Host Prices Paid Forum
#452 of 723 Re: Do I have a decent offer? [jimabood] by Car_man HOST May 04, 2007 (1:26 am)
Replying to: jimabood (Mar 05, 2007 12:57 pm) Hi jimabood. The selling price that you were quoted for the X3 that you are interested in is around $1,800 over invoice. If you are in an area that has a decent level of competition, you may want to shop around to see if you can do a little better than that, say $1,000 over. There's no guarantee that you will be able to, but it doesn't hurt to try. 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".   The money factor that you were quoted for this truck is a little high. BMW Financial Services' latest buy rate lease money factor and residual value for a 24 month lease of a 2007 BMW X3 with 12,000 miles per year are .00215 and 77%, respectively with the payment of a security deposit at lease signing. Make sure that this is the money factor that the dealer uses to calculate your truck's monthly payment.   Car_man Host Prices Paid Forum
#453 of 723 Re: X3 lease quote [t_ho] by Car_man HOST May 04, 2007 (1:31 am)
Replying to: t_ho (Mar 06, 2007 12:53 pm) Welcome t_ho. 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.   The money factor that you were quoted for this truck looks about right to me. The truck that you described probably has a spread of around $3,500 between its full MSRP and its dealer invoice price. So you are at around $1,200 over invoice, which isn't too bad if X3s are selling as well in your area as you described. If you like the truck, I personally don't see any reason not to go for it.   Car_man Host Prices Paid Forum
#454 of 723 Re: Under miles - benifit??? [jojo718] by Car_man HOST May 04, 2007 (1:39 am)
Replying to: jojo718 (Mar 08, 2007 6:00 pm) Welcome jojo718. Unfortunately, you will not receive any refund from BMW for the miles that you did not use during your lease. While I suppose it might be possible to purchase your vehicle at the end of your lease and then turn around and sell it or trade it in for a profit if you were enough under your allowed mileage, given how artificially inflated BMW Financial Services' residual values are it is unlikely that you would be able to make money doing this.   The selling prices of ordered vehicles are negotiable, just like vehicles that dealers have in inventory. Having said this, most dealers prefer to sell a vehicle that they already have in stock to ordering one for a customer. This is for two reasons. One, dealers are constantly paying floorplan interest on the vehicles that they have on their lot. The sooner they sell them, the sooner they can stop paying interest on them. The second reason can be described using the old saying "a bird in hand is worth two in the bush." From the dealership's perspective, the sooner you drive off in your new vehicle the better. A lot can happen to sour a deal on an ordered vehicle over the course of several months. Dealers would rather book a deal immediately than risk losing it by waiting.   Car_man Host Prices Paid Forum Replies to this message: jojo718 (May 29, 2007 10:06 am) Car_man (Jun 05, 2007 2:08 am) jojo718 (Jun 12, 2007 12:29 pm)
#455 of 723 Re: Quick question, getting ready to lease [drews1] by Car_man HOST May 04, 2007 (1:41 am)
Replying to: drews1 (Mar 12, 2007 2:31 am) I'm glad that you enjoy this site so much, drews1. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMWX3 with 12,000 miles per year are .00215 and 67%, respectively. Using these numbers, an MSRP of $43,920, and a selling price of $41,600, I estimate that this truck's zero down, pre-tax monthly payment should be around $491.   Car_man Host Prices Paid Forum

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