Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences BMW X3: Lease Questions
619 messages, Last post on Jun 23, 2008 at 2:22 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
My first lease and also first car purchase alone. I'm thinking about walking in with these numbers: MSRP: $47,660 Purchase Price: $45,917.00 36mnths 10k miles MF: .00255 (given by local dealer) Residual: 68% (given by local dealer) Trade-in: $8,500 WV sales tax: 5% Acquisition: $795 (given by local dealer) Security Deposit: $400 (given by local dealer) With the edmunds calculator, my monthly payment would be $381.11, if I did it correctly. Are these good numbers, talk them down lower, or just wait cause this isn't a good time for an X3 lease? Being female, I'm just worried about getting ripped off. Thanks!! April 
|
|
|
|
|
Replying to: shagzie (May 23, 2007 12:34 am) Also, I had a trade-in and I just took the trade in value upfront. Your payment will be higher and you might lose the sales tax break, but you don't risk losing the money if your car is stolen or totaled. |
|
|
Replying to: joechicago7 (May 23, 2007 9:15 am)  The gentleman at the the dealership stated that Gap insurance is included in the lease. I'll have to look into the details but I just assumed if the car was stolen or totalled, that would be taken care of. At the end of the lease, I am still considering purchasing it. I'd also thought of maybe putting down half of the $8500 and putting the other in a good savings account to use later if I did decide to do so. Thanks again, April
|
|
|
Replying to: shagzie (May 23, 2007 10:17 am)
|
|
|
|
|
Replying to: shagzie (May 23, 2007 10:23 am) Your car must really be loaded. Mine was loaded with a MSRP of $45k. You must be getting the sport package and 18" wheels also. |
|
|
Replying to: Car_man (May 04, 2007 2:39 am)
|
|
|
|
| hey I was looking to lease a New X3. when I contacted the Dealership (in Kansas City) a fully loaded MSRP around 46,000 -- 36 months -- 15k/year mileage was like $715 a month. I haven't yet been in to negotiate a lower price off the MSRP, but how are you guys getting these leases for the $450 - $550 range? they said that the taxes and licensing was included, will just negotiating the purchase price to about $43,000 get my lease under $600? or how in the world can I get my lease payment near the $500 range? | |
|
Replying to: joechicago7 (May 20, 2007 10:08 am) Car_man Host Prices Paid Forum |
|
|
Replying to: 4kids (May 22, 2007 4:09 pm) Car_man Host Prices Paid Forum |
|
|
Replying to: shagzie (May 23, 2007 12:34 am) The first thing that I noticed about your deal is that you plan on trading in your current vehicle when you lease your new one. There's nothing wrong with trading in a car or truck when you lease your new one, but it would be in your best interest to have the dealer that you are working with cut you a check for your trade rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making large down payments on leases. Those who do, risk losing all or part of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. Also, the money factor and acquisition fee that you were quoted for this truck are too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2007 X3 is only .00215 with the payment of a security deposit at lease signing and its base acquisition fee is only $625. It appears as though the dealer that you are working with is marking both of these items up to add additional, hidden profit to your deal. Try to find a dealer that will use the base factor and acquisition fee. Now let's take a look at this truck's selling price. The X3 that you described probably has a spread of around $3,800 between its full MSRP and its dealer invoice price. You are being given a discount of $1,700 on it, which is still around $2,000 over invoice. There's still some room to play with here. It wouldn't hurt to comparison shop with a few other dealers to see if you can beat this deal. Also, 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 Host Prices Paid Forum |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences BMW X3: Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2008 BMW X3
Browse by Board
Browse by Topic
Today's Chats
