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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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#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)
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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
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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)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#633 of 723
Re: great deal [abm2] by j1ggastyle
Sep 07, 2008 (1:13 pm)
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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!
#634 of 723
Lease Question by kpj
Sep 22, 2008 (10:42 am)
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I have a current BMW lease that will end next month. Can you let me know the current BMW customer loyalty residual and MF for a 2008 X3 and X5?
 
Thanks,
#635 of 723
BMW X3 by jeannemay
Sep 22, 2008 (1:19 pm)
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Can you tell me a good negotiated lease price per month
MSRP 40975
10,000 miles
36months
taxes and all fees plus 1st month paid and 3500.00 down, no security deposit.
money factor is .00255
Residual value being used is 65%
Northern New Jersey Dealer
NY Tax of 8.13 paying up front
Thanks
#636 of 723
Re: Lease Question [kpj] by Car_man HOST
Sep 23, 2008 (3:26 am)
Reply

Replying to: kpj (Sep 22, 2008 10:42 am)

Hi kpj. BMW's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.
 
BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW X3 with 15,000 miles per year are .00240 and 62%, respectively.
 
The numbers for an otherwise identical lease of an '08 X5 3.0si are .00200 and 53%, respectively on models that have the free Premium Package. The money factor is reduced by .00080 for non-Premium Package models.
 
BMW was providing a money factor reduction on select models for returning BMW FS lessees, but I have not seen anything about it lately so it might not still be available.
 
Car_man
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#637 of 723
Re: Lease Question [Car_man] by jeannemay
Sep 23, 2008 (4:13 am)
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Replying to: Car_man (Sep 23, 2008 3:26 am)

The x3 I am seeing is money factor .00255 they say that is because we will have no security deposit. I am a first time buyer so the .00240 is only offered if you put a security deposit.
36 months 10,000 miles. is what I am looking at. I am still having a hard time coming up with the payment per month that is good!
There is no premium package. My residual value is definitely 65% I think that looks better then what is being offered out there. Is that right? or is the mileage
a factor?
thanks again
#638 of 723
Re: Lease Question [jeannemay] by Car_man HOST
Sep 23, 2008 (5:05 am)
Reply

Replying to: jeannemay (Sep 23, 2008 4:13 am)

Hey jeannemay. The dealer that you spoke with is correct. The .00240 money factor is only available for returning lessees or those who pay a security deposit equivalent to their vehicle's monthly payment rounded up to the nearest $50 increment at lease signing. BMW FS will waive its security deposit requirement for non-returning lessees in exchange for a .00015 money factor increase. This truck's 10,000 mile per year residual value is 3% higher than its 15k residual, so the 65% number is also correct.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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