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Prices Paid: Buying & Leasing Experiences 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
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Replying to: kyfdx (Oct 18, 2008 5:45 am) 1) The MSRP was $47,500. But they came down to $44,700. I went in thinking I wanted to buy, but remembered I need a lease for business write off. So I switch to a 3 year lease. 2) Did you mean to not roll the money into the lease? 3) They are offering me a deal in the last year of the lease, if I think I'm going to be over mile, I can switch my mileage to 12K no problem, just $540. They will put that in writing. I'd rather go for low payment now and worry about mileage closer to the end. With there zero cost of ownership, and some weariables (hat, jacket and plate holder) it really sounds like a pretty good deal. How does this logic sound?
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Replying to: m3ser2005 (Oct 18, 2008 6:10 am) I don't think you can take that $5K as an expense upfront, you'll have to write it off over the life of the lease, just as you would if you rolled it into the payment... I strongly encourage you to do that, as that money is at risk, if the car is totaled or stolen in the first few months of the lease. The mileage thing is a little iffy.. Yes, you can buy mileage from BMWFS for $0.16 ea., before the lease is up... so, 6000 extra miles will be $900... No matter what they put in writing, I don't think BMWFS will go for the $540 thing... which is exactly what it will cost you to sign up for the miles in advance... I suggest you do so, if you are fairly certain you will need them. Overall, your deal looks great.. Is $5K the total amount due at signing? Or, do you have to come up with acquisition fee, 1st payment, etc, etc, in addition to that? regards, kyfdx
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Replying to: kyfdx (Oct 18, 2008 6:16 am) Interesting on the mileage thing. I'm going to double check this. 5K due at signing and drive. Come on, the hat and jacket are worth $5000 alone. At lease the parts for my 95 LWT M3 are right up there.
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Replying to: m3ser2005 (Oct 18, 2008 6:49 am) Dealership, city and state? I've been shopping for an X3 myself.. |
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 The residual will be about $29K in Feb2010. I will not have fully used all 45K miles, I only have 21K now. The real Q is should I buy and could I deal below residual. Or is it worth dumping it sooner? Just may be tiring of the truck.
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Carman, Please post 2008 Nov MF/Residual for : 2008 X3 36mth / 12K 2008 X3 24mth / 12K Thanks..
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Hello Could someone run through the numbers for me here? I've used various online calculators and did my own equations and the numbers aren't consistent. '08 x3 $45,300MSRP Negotiated price = 42,900 MF = .00125 Res = .64 36 months at 12K miles tax is roughly 5.5%
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Replying to: gnochman (Nov 14, 2008 6:12 pm) |
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Replying to: hhgolf (Nov 09, 2008 5:45 pm) You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. Given the precipitous fall in used vehicle values over the past year, particularly for trucks, you likely find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: bzee (Nov 10, 2008 3:34 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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