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BMW X3 Lease Questions

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

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

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#658 of 723 Re: Recent Lease Quote. Calculations off? [gnochman] by billmv Nov 14, 2008 (9:25 pm)
Replying to: gnochman (Nov 14, 2008 6:12 pm) $502.39 if tax is exactly 5.5%.
#659 of 723 Re: May want out of a 2007 x3 lease 15Kmi/yr [hhgolf] by Car_man HOST Nov 17, 2008 (4:54 pm)
Replying to: hhgolf (Nov 09, 2008 5:45 pm) Hi hhgolf. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    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
#660 of 723 Re: November 08 MF/Residual please [bzee] by Car_man HOST Nov 17, 2008 (4:56 pm)
Replying to: bzee (Nov 10, 2008 3:34 pm) Here you go, bzee. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 X3 with 12,000 miles per year are .00125 and 72%, respectively. The numbers for an otherwise identical 36 month lease are .00125 and 64%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: soonercat (Nov 19, 2008 7:47 am) Car_man (Dec 01, 2008 2:41 am)
#661 of 723 Re: May want out of a 2007 x3 lease 15Kmi/yr [hhgolf] by billmv Nov 17, 2008 (11:14 pm)
Replying to: hhgolf (Nov 09, 2008 5:45 pm) hhgolf......I'd try to get someone to assume the lease. Go to www.swapalease.com and post your vehicle there. It's a pretty good spot to get out of a lease you no longer want. I've picked up two vehicles there.
#662 of 723 BMW 2008 X3 by bernsj Nov 18, 2008 (1:01 pm)
Can someone let me know how much a lease is going for in Newyork on a 2008 BMW X3?
#663 of 723 Re: November 08 MF/Residual please [Car_man] by soonercat Nov 19, 2008 (7:47 am)
Replying to: Car_man (Nov 17, 2008 4:56 pm) Hi carman, do you know the 2009 figures X3/36 month/12k and 15k thanks! Replies to this message: Car_man (Dec 01, 2008 2:41 am)
#664 of 723 Residual on new 2007 with 10k by quasarba Nov 20, 2008 (12:19 pm)
If I find a 2007 that has 10k miles on it, but never titled, sold, registered that is being sold as new from dealer, would the residual value be based on MSRP, what I actually pay for it or somewhere in between? Would the percentage be worse just the fact that it is a 2007? What about money factor? Thanks for any help. Replies to this message: soonercat (Nov 21, 2008 5:48 am) quasarba (Nov 21, 2008 11:23 am) gnochman (Nov 21, 2008 3:00 pm)
#665 of 723 Re: Residual on new 2007 with 10k [quasarba] by soonercat Nov 21, 2008 (5:48 am)
Replying to: quasarba (Nov 20, 2008 12:19 pm) I do not believe this car will qualify for any lease programs. The 2008 leases are so good I would go with those. Plus the transmission issue is likely taken care of on the 2008. Just my opinion. Replies to this message: quasarba (Nov 21, 2008 11:23 am) gnochman (Nov 21, 2008 3:00 pm)
#666 of 723 Re: Residual on new 2007 with 10k [soonercat] by quasarba Nov 21, 2008 (11:23 am)
Replying to: soonercat (Nov 21, 2008 5:48 am) Wasn't aware of transmission issue.   $750 above invoice good on 2008? True only 7% markup from invoice to MSRP? How much less is true cost than invoice? Replies to this message: gnochman (Nov 21, 2008 3:00 pm)
#667 of 723 Re: Residual on new 2007 with 10k [quasarba] by gnochman Nov 21, 2008 (3:00 pm)
Replying to: quasarba (Nov 21, 2008 11:23 am) I believe markup is 8%. Just an FYI, finalized my '08 X3 lease MSRP = ~45,300 Neg. Cap Cost = 42,025 12K miles for 36 months Res: 64% MF= 0.00125 $1 K down (~$2k to start including first month's payment) $485 per month.   I can't complain too much as the '08's are getting scarce and I got most of what I wanted on the car.

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