- #452 of 723
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Re: Do I have a decent offer? [jimabood]
by Car_man HOST
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May 04, 2007 (1:26 am)
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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
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- #453 of 723
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Re: X3 lease quote [t_ho]
by Car_man HOST
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May 04, 2007 (1:31 am)
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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
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- #454 of 723
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Re: Under miles - benifit??? [jojo718]
by Car_man HOST
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May 04, 2007 (1:39 am)
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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
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Prices Paid Forum
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- #455 of 723
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Re: Quick question, getting ready to lease [drews1]
by Car_man HOST
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May 04, 2007 (1:41 am)
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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
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Prices Paid Forum
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- #456 of 723
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Re: Another X3 Lease Quote [lasher30]
by Car_man HOST
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May 04, 2007 (1:53 am)
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Replying to: lasher30 (Mar 19, 2007 1:43 pm)
Hi lasher30. The money factor that you were quoted looks good (it has since been increase to .00215), but the selling price looks a little high. You are only being given an $800 discount on a truck that has a spread of at least $3,500 between its MSRP and dealer invoice price. Plus, this is really only like a $600 discount because dealer is marking up BMW FS' acquisition fee by $200. I personally would want a much larger discount than this on this truck. Try stopping by the following discussion to see how much other community members have paid for similar vehicles lately: "BMW X3: Prices Paid & Buying Experience".
Car_man
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Prices Paid Forum
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- #457 of 723
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Re: Money Factor for April/May for X3 Lease [proth]
by Car_man HOST
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May 04, 2007 (1:55 am)
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Replying to: proth (Apr 01, 2007 10:22 am)
Hi proth. 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 .00215 and 65%, respectively with the payment of a security deposit at lease signing.
Car_man
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Prices Paid Forum
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- #458 of 723
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Re: I'm about to lease an x3. Good deal? [microchip]
by Car_man HOST
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May 04, 2007 (1:58 am)
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Replying to: microchip (Apr 17, 2007 1:03 pm)
Hey microchip. You really should find out what this truck's selling price is. You wouldn't finance or pay cash for this truck without knowing what you were being charged for it right. Not knowing the selling price of a leased vehicle is similar to that. This number makes it much easier to tell how good a deal you are getting. If you let me know what the selling price is, I will gladly tell you what I think of this deal.
Car_man
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Prices Paid Forum
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- #459 of 723
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Re: Lease on loaner 2006 X3 [z0rglub]
by Car_man HOST
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May 04, 2007 (2:01 am)
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Replying to: z0rglub (Apr 20, 2007 5:05 pm)
Hi z0rglub. As long as the demo vehicle that you are interested in has never been titled it should still technically be considered a "new" vehicle and it would be eligible for BMW Financial Services' special lease program. The money factor that you were quoted looks good to me. I actually believe that BMW FS' new May buy rate for the 2007 X3 is .00215 with the payment of a security deposit at lease signing. A selling price of $32,000 would be a very good deal if you were able to get it.
Car_man
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Prices Paid Forum
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- #460 of 723
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Re: Lease Offer on 2007 BMW X3 3.0si [siuside]
by Car_man HOST
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May 04, 2007 (2:05 am)
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Replying to: siuside (Apr 21, 2007 5:09 pm)
Thanks siuside  . The money factor that you were quoted for this truck looks good to me. It is right in line with BMW Financial Services' current buy rate for this model. I personally would want more of a discount on it though. The 2007 BMW X3 that you described has a spread of at least $3,500 between its full MSRP and its dealer invoice price, but you are only being given a discount of $900. It wouldn't hurt to comparison shop a little bit to see if you you can do better than this. 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".
Car_man
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Prices Paid Forum
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- #461 of 723
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lease on 2007 X3
by hugo5
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May 12, 2007 (6:56 pm)
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I am looking to find out the price(msrp & sales Price) of a total base 2007 X3
Lease would be for 36 month with 10k miles.
what is the May residual value and MF?
Thanks,
Hugo
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