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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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#469 of 723 Re: 2007 X3 Lease (Good Price?) [joechicago7] by shagzie May 23, 2007 (9:17 am)
Replying to: joechicago7 (May 23, 2007 8:15 am) Thanks Joe. I came up with the $1,743 number on Edmunds (what people are actually paying for this exact car). So now I want at least that but will go for more. Maybe I'll buy the Negioations for Dummies book 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 Replies to this message: shagzie (May 23, 2007 9:23 am) joechicago7 (May 23, 2007 9:45 am)
#470 of 723 Re: 2007 X3 Lease (Good Price?) [shagzie] by shagzie May 23, 2007 (9:23 am)
Replying to: shagzie (May 23, 2007 9:17 am) I read your message again, and now I understand what you're saying about putting the $8,500 down. I'd still be losing it if the car was stolen or totalled. Sorry I'm a little slow today. April Replies to this message: joechicago7 (May 23, 2007 9:45 am)
#471 of 723 Re: 2007 X3 Lease (Good Price?) [shagzie] by joechicago7 May 23, 2007 (9:45 am)
Replying to: shagzie (May 23, 2007 9:23 am) Yes. Just taking the $8,500 upfrount would add about $250 to your monthly payment.   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.
#472 of 723 Re: Under miles - benifit??? [Car_man] by jojo718 May 29, 2007 (10:06 am)
Replying to: Car_man (May 04, 2007 1:39 am) Thanx for the follow-up "Car Man". Do you know anything about the Credit Card points.. have you or anyone cashed those in??? Was it straight forward or not??? I'm gonna take the hit on the miles, but probably order my custom vehicle. Any further advise you can offer will be greatly appreciated.... Replies to this message: Car_man (Jun 05, 2007 2:08 am) jojo718 (Jun 12, 2007 12:29 pm)
#473 of 723 Lowering my Monthly Payment by taterelder Jun 03, 2007 (1:25 pm)
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?
#474 of 723 Re: Need to know higher residual values [joechicago7] by Car_man HOST Jun 05, 2007 (1:55 am)
Replying to: joechicago7 (May 20, 2007 9:08 am) Hi joechicago7. 15,000 miles per year is the highest mileage allowance that BMW Financial Services 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'm not sure exactly how much BMW FS charged per additional mile at signing, but someone at the dealership that you are working with, either your salesperson or the F&I person, should be able to tell you.   Car_man Host Prices Paid Forum
#475 of 723 Re: Memorial Day Specials? [4kids] by Car_man HOST Jun 05, 2007 (1:57 am)
Replying to: 4kids (May 22, 2007 3:09 pm) Hi 4kids. The dealers that told you BMW offers Memorial Day specials were just trying to get you to come in so that they could sell you a vehicle. BMW did not do anything special for Memorial Day. Its June lease program for the 2007 X3 is very similar to its May program.   Car_man Host Prices Paid Forum
#476 of 723 Re: 2007 X3 Lease (Good Price?) [shagzie] by Car_man HOST Jun 05, 2007 (2:06 am)
Replying to: shagzie (May 22, 2007 11:34 pm) Welcome shagzie. 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 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
#477 of 723 Re: Under miles - benifit??? [jojo718] by Car_man HOST Jun 05, 2007 (2:08 am)
Replying to: jojo718 (May 29, 2007 10:06 am) You're welcome, jojo718. I've never used credit card points on a BMW before, but doing so shouldn't be difficult. Negotiate the best possible deal that you can on the vehicle that you want and then tell the dealer that you would like to have your earned points subtracted from that.   Car_man Host Prices Paid Forum Replies to this message: jojo718 (Jun 12, 2007 12:29 pm)
#478 of 723 BMW X3 Money Factor & Residual Value by kp22 Jun 12, 2007 (10:34 am)
Can someone please provide me with the most recent money factor and residual value on a 36 month lease with 10,000 miles?   Also, it would be very helpful if someone can provide me with a link to a listing of money factors and residuals on the BMW or BMW Financial Services website. I have seen older schedules on other posts but cannot find the information on the BMW websites themselves.   I would greatly appreciate any assistance. Thanks!  - kp22 Replies to this message: Car_man (Jul 10, 2007 2:01 am)

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