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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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#66 of 723
Re: X3 lease in CT [bdr127] by richneedsaleas
Oct 23, 2005 (5:15 am)
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Replying to: bdr127 (Oct 22, 2005 11:03 am)

Midwest newspaper advert. $349mo, total of 2500 upfront w/o nav.
I extrapolated from there, Thx Rich
#67 of 723
Re: X3 lease in CT [richneedsaleas] by bdr127
Oct 23, 2005 (6:58 pm)
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Replying to: richneedsaleas (Oct 22, 2005 5:41 pm)

What do they mean by "loaded"?..... That's a rather vague term. To many people, any BMW would be consider "loaded", as it has power windows/doors/windows/seats, sunroof, etc. The base price for an 06 X3 is $37,475. Are they calculating $349/mo off of that?
 
Need more details....
#68 of 723
05 X3 lease -- Good Deal??? Please help! by pictures
Oct 25, 2005 (11:12 pm)
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I was offered a "great" lease for a 2005 X3 (2.5 engine). MSPR at $34445 reduced down to 32000. MF is .0014 and a 61% residual for 3yr/12k. There is a $825 "Acquisition Fee." I'm putting $2500 down. After all that, the monthly price would be $357 including tax.
 
Is this a great deal? I really don't want to pull the trigger unless I am sure I cannot get a better price elsewhere. Thanks!
#69 of 723
Re: 2005 X3 3.0 lease in CA by Car_man HOST
Oct 27, 2005 (3:15 am)
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Hi sailorstac. $500 over invoice is a good deal on this car. As far as the acquisition fee goes, you can either pay it at lease signing or have it added to your truck's capitalized cost and baked into your monthly payment. BMW Financial Services is not currently offering 39 month leases on this model, so you will have to go with a 36 month term. If you were to lease a 2006 BMW X3 3.0 though BMW Financial Services right now for 36 months 12,000 miles per year, its buy rate lease money factor and residual value should be .00175 and 62%, respectively. Using these numbers, an MSRP of $39,965, and a selling price of $36,850, I estimate that this car should have a zero down, pre-tax monthly payment of around $444. With a cap cost of $37,350, the payment would increase to around $458.
 
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#70 of 723
Re: X3 lease in CT by Car_man HOST
Oct 27, 2005 (3:20 am)
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Hello richneedsaleas. A $2,000 discount on this truck is probably around $1,500 to $1,600 over dealer invoice, which is not bad but in an area like Connecticut (unless you live in a rural part of the state), you probably have a number of BMW dealers and I would not be surprised if you were able to beat this price by a little. You may want to stop by the following discussion to see how much other community members have paid for similar trucks recently: sharkala, "BMW X3: Prices Paid & Buying Experience" #, 12 Mar 2004 8:58 am.
 
For now, I will calculate a lease payment on this truck for you using the prices that you were quoted and BMW's actual lease program. According to my calculations, if you were to lease a 2006 BMW X3 3.0 with an MSRP of $43,405 and a selling price of $41,405 through BMW Financial Services for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $523.
 
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#71 of 723
Re: 05 X3 lease -- Good Deal??? Please help! by Car_man HOST
Oct 28, 2005 (1:58 am)
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I am sorry to say, pictures, that the "great lease" that you were offered really is not as great as it initially seems. It appears as though the dealer that you are working with is marking-up both this truck's lease money factor and acquisition fee to add additional hidden back-end profit to your deal. BMW Financial Services' current buy rate lease money factor for a 3 year lease of an '05 X3 2.5 is currently .00100 and its base lease acquisition fee is currently only $625. Insist that the dealer that you are working with use both of these numbers in your deal. The selling price that you were quoted is good though.
 
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#72 of 723
November lease factors by drtravel
Nov 03, 2005 (2:49 pm)
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Money factor is 0.00175 for 3-year lease with security deposit
 
Residuals
10K = 63%
12K = 62%
15K = 60%
 
Happy renting
#73 of 723
Lease Deal by go_germany
Nov 07, 2005 (2:38 pm)
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I just leased an 06 X3 and here are the details:
 
MSRP: 38820
Cap Cost: 36550
Acq fee: 750
Term: 36 month
Base Pmt: 515.60
Pmt W/tax: 551.69
 
Did I get a good deal or not?
#74 of 723
Re: Lease Deal [go_germany] by mrviti
Nov 11, 2005 (1:53 pm)
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Replying to: go_germany (Nov 07, 2005 2:38 pm)

I need an opinion. I can buy 06 x3, msrp 40370, for 37970. I can lease for 36mos., 36,000 miles, $2990 down plus $500 security deposit, for $454, which includes tax. Good deal? Opinion on lease or buy. Thanks/.
#75 of 723
Re: Lease Deal [go_germany] by Car_man HOST
Nov 21, 2005 (4:08 am)
Reply

Replying to: go_germany (Nov 07, 2005 2:38 pm)

Hi go_germany. It appears to me as though the deal that you got is a little less than $1,000 above invoice. This is a reasonable price for this truck right now. The acquisition fee that you were charged is a little high though. BMW Financial Services' charges a base lease acquisition fee of only $625 on vehicles. The dealer that you are working with may have marked this fee up a little bit to add additional hidden profit to your deal. The lease payment that you were given looks a little high to me as well. I just worked up a sample lease payment on this truck using the prices that you mentioned in your post and BMW FS' actual lease program and I came up with a 36 month, 15,000 mile per year, zero down, pre-tax monthly payment of around $473. The dealer that you got your truck from may have marked-up your money factor.
 
Car_man
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