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BMW X3 Lease Questions

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#624 of 723
Re: New Lease Offer --good or bad? [mlassit] by kyfdx HOST
Jul 30, 2008 (11:59 am)
Reply

Replying to: mlassit (Jul 30, 2008 11:54 am)

If you are returning your leased BMW, why is there a trade involved, at all?
 
Is it a lease, or a balloon payment? Are you in Illinois or Texas?
 
regards,
kyfdx
#625 of 723
Re: New Lease Offer --good or bad? [kyfdx] by mlassit
Jul 30, 2008 (12:08 pm)
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Replying to: kyfdx (Jul 30, 2008 11:59 am)

Virginia
 
Lease -- No clue why the trade. It was their creative way of getting payments close to current lease payment.
#626 of 723
Re: New Lease Offer --good or bad? [mlassit] by kyfdx HOST
Jul 30, 2008 (12:14 pm)
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Replying to: mlassit (Jul 30, 2008 12:08 pm)

Yeah.. I'm not sure how it helps, if the trade allowance is shown as the same as the payoff... I thought maybe it was a tax issue... but, isn't tax in VA, 3% on the selling price? So, it doesn't look like that saved you anything there, either..
 
That payment looks pretty close to others that I've seen.. Assuming 3yr/36K like the old one?
 
Most people in the know at BMW expect the lease deals to get worse next month, so there is some urgency... There are also special money factors for returning customers this month..
 
Without the specifics on what MF they are using, it's hard to tell how good your deal is... It certainly isn't terrible..
 
regards,
kyfdx
#627 of 723
Re: New Lease Offer --good or bad? [kyfdx] by billmv
Jul 30, 2008 (10:30 pm)
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Replying to: kyfdx (Jul 30, 2008 12:14 pm)

kyfdx......Any idea what the "special money factors" are for returning customers in July? I've got an X5 lease that's up in early October, but would like to get an X3 next. I had planned on waiting a month or so to sort things out, but it sounds like maybe I should try to do it July 31 if things are about to hit the fan in the leasing world.
 
What else do you hear about BMW's attitude toward leasing? I read in the paper today that Chase will no longer provide lease financing for Chrysler, and that does not bode well for the world of leasing in general.
 
Any inside info might be VERY timely for many of us. Thanks!
#628 of 723
Re: New Lease Offer --good or bad? [billmv] by kyfdx HOST
Jul 31, 2008 (3:32 am)
Reply

Replying to: billmv (Jul 30, 2008 10:30 pm)

I'm pretty sure that the OLP MF on the X3 is .0016 for July... Not great, but not bad.. Plus, the X3 is the last BMW model that still has an unrealistically high residual (64% for 3yr/36mo.?)
 
I wouldn't worry about leasing issues at BMW... We are seeing a correction to those residuals, but BMWs still have great resale..
 
Strangely enough, I just leased a Subaru this week.. and the financing was through Chase...
 
Also.. none of this is "inside info".. I just read a lot..
 
regards,
kyfdx
Host-Prices Paid Forums
#629 of 723
August '08 BMW FS MF's and Residuals by sshherman
Aug 13, 2008 (2:26 pm)
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Hoping to lease a 2008 X3; Does anyone know what the money factors and residuals are on 36 and 24 months from BMW financial this month?
 
I received the following deal from one dealer.
 
New 2008 X3, White/Black, Premium, Cold Weather, Heated steering Wheel,
Navigation, and Privacy Glass. MSRP is 45525. Sell price $43600. The 36
month lease with 20000 miles per year is $635, taxes included, $2500
required at signing.
 
I know NJ has a 7% sales tax, not sure what the 2500 goes towards; but does this seem like an OK deal?
 
Thanks
#630 of 723
Re: August '08 BMW FS MF's and Residuals [sshherman] by Car_man HOST
Aug 15, 2008 (3:14 am)
Reply

Replying to: sshherman (Aug 13, 2008 2:26 pm)

Here you go, sshherman. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 X3 with 15,000 miles per year are .00200 and 72%, respectively. The money factor would be the same for an otherwise identical 36 month lease, but the residual value would be 62%. Keep in mind that BMW is providing a .00040 money factor reduction on this model for current lessees.
 
I am not personally all that familiar with what the market is like for the 7-Series right now, but you may be able to get an idea of the selling price that you were quoted is attractive or not by hopping on over to the "BMW 7-Series Prices Paid and Buying Experience" discussion.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#631 of 723
great deal by abm2
Aug 20, 2008 (1:04 pm)
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Just leased 08 new X3, base model from Braman in Miami. Wasn't even looking at this vehicle but saw an ad and went to see if it was a bait. It wasn't. MSRP 39125, 24 MONTHS, 10000 per year, 359+tax. At signing only first month and taxes, total 723.
I usually go thru the whole inquiry process of cap cost, mfactor etc, but it was clear that this was a great price. You need the owner incentive. The residual was 75% and I can't positively quote the Mfactor, but I think the incentive was for .0004 (.96% interest rate). This was after returning an 05 volvo s60 and was looking at an S40, but was quoted best price for a base S40 at $385 per month. Not much of a chance anyone goes for that-maybe that is why no one was there on a Saturday while the BMW dealer was loaded with customers.
#632 of 723
Re: great deal [abm2] by Car_man HOST
Aug 28, 2008 (1:38 am)
Reply

Replying to: abm2 (Aug 20, 2008 1:04 pm)

Congratulations on getting a great deal on your new X3, abm2. Thanks for taking the time to share the details with everyone. It sounds like you had a positive dealer experience as well. If you are interested in sharing more information about it with everyone, hop on over to the Dealer Ratings & Reviews section of Edmunds.com. Enjoy your new ride .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#633 of 723
Re: great deal [abm2] by j1ggastyle
Sep 07, 2008 (1:13 pm)
Reply

Replying to: abm2 (Aug 20, 2008 1:04 pm)

Wow!!! That's the type of deal that I'm looking for!! Who did you speak with? I've been watching the papers for that same deal!

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