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Prices Paid: Buying & Leasing Experiences BMW X3: Lease Questions
630 messages, Last post on Aug 15, 2008 at 4:14 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi all, I'm coming to an end of my 2005 X3 lease term in July and the dealer gave me an option to buy the car for $25,600 but I checked on Edmund for the TMV value of my car I found the following: Trade in: $20,766 Dealer: $23377 but is this price for a Certified car (included the extended BMW mantainance up to 100,000K) or is it not? I'm thinking to negotiate the price from $25,600 to $21,000. Do you think it's reasonable? I figure that I'll need to pay $1800 for the extended mantainance and $1000 to replace the tires (some issues with the tires ever since I took the car out for the lease). Thanks so much for your advices! This is my first lease so I'm still a bit unfamiliar with how leasing work but I learned a great deals from Edmund's leasing section and the forums. Thanks all! Vu |
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Replying to: cer2225 (Apr 16, 2008 7:00 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (May 02, 2008 3:03 am)
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Where's this recession I've been hearing so much about? Leased an X3 with CT Tax included in November on a $44,250.00 MSRP for $418/mo with $1806 out the door. 10K miles yr/ 24mo lease. Now getting a similarly spec'd out X3, even from a Jersey dealer seems to be running in the $490. range with similar out the door costs. What has changed? Are the residuals now more realistic? Anybody have any experience with BMW Finance extending the 24month leases an additional year at lease end? |
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Shocked to receive letter from GM offering me $2,000 to pay off my X3 lease if I buy a GM product. Week later receive letter fom local GM dealer "assist me in paying off remaining lease payments incl early termination." I thought BMW Finance was private - how did GM do this?
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Replying to: heinzer (May 12, 2008 8:42 am) My guess? State DMV records are public. They look for vehicles owned by BMW FS, and then send a letter to the person/address under who the vehicle is registered. I'm positive they didn't get the info from BMW. |
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Replying to: heinzer (May 12, 2008 8:42 am) |
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I just started my search and negotiations for a new 2008 X3. I plan to lease the vehicle for 24 or 36 months. Below is the quote I received from a local dealership. When I run the numbers through an on-line lease calculator, the payments come out about the same (i.e., $639) vs. $641. However, the on-line calculator monthly payment is inclusive of taxes. The the dealership's quote is $641 + $53 taxes for a monthly payment of $694. What am I missing? What is causing this $54 per month difference. Also, the money factor seems unusually high (7.18%). I am a first time BMW customer. However, I have great credit. Any advise? Before I start negotiating price and such, I really need to understand how to calculate the lease payments. Are they hiding fees or trying to over charge me for the vehicle?  Offer Lease for 3 years and 10,000 miles per year 2008 BMW X3, $1,195 total cash including drive-off, $641 per month plus tax.* MSRP is $47,600 - our prefered Internet price $44,989 plus tax and fees* Silver Gray Metallic Exterior Gray Nevada Leather Sport package Premium Package Steptronic Automatic Transmission Heated front Seats Xenon Headlights Navigation System Privacy Glass Dark Ash Wood Trim Panoramic Moonroof *Offer on approved credit, valid through Internet Sales Only until 5/31/2008. The money factor used is .00299. The residual value is 65% or $30,940. I live in LA, California. The sales tax is 8.25%
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Marking up the money factor on you. The base MF for an X3 for a 15,000 mile per year lease is .0025
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Replying to: nyccarguy (May 18, 2008 6:08 pm)
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