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Prices Paid: Buying & Leasing Experiences BMW X3 Lease Questions
715 messages, Last post on Jun 09, 2009 at 3:08 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Dear CarMan - Many thanks for all of the great info you provide out here! VERY Much appreciated. Any word on the Dec. 2008 lease numbers? Too early? In partcular, looking for 2009 BMW X3, 12K miles/year. Also, BMW just announed that sales of BMW brand vehicles decreased 36.1 percent in November for a total of 15,217 compared to 23,808 in November 2007. Year-to-date BMW brand sales were down 12.3 percent, to 231,053 vehicles compared to 263,596 vehicles sold in the same period in 2007. (Story here - http://www.forbes.com/prnewswire/feeds/prnewswire/2008/12/02/prnewswire200812021- 418PR_NEWS_USPR_____NYTU148.html) Thanks CarMan!
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I just got a breakdown for my lease and the dealer includes "assignment fee" for $925 - what is this? Is this marked up? Also, he is marking up the MF at .165% - does this even make sense? Shouldn't it be .00165 regardless. Its obvious he is changing it because they sent me all four terms 24/30/36/42 months and they are all the same MF. Funny. Any tips on negotiating the MFdown & what is an assignment fee? THANKS! |
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Replying to: kawakibi (Dec 04, 2008 3:21 pm) I don't know about assignment fee, maybe Carman can help. But on my last lease on X3, there was no such thing. On the MF, a dealer I talked to said that they are allowed to mark it up by 0.0004. It adds up to about 1% more on the rate. On a typical X3 lease, that could add up to $500-600 a year. In essence they double dip on you. My suggestion is to try to negotiate and if they won't budge, go to other dealers. |
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Replying to: kawakibi (Dec 04, 2008 3:21 pm) The money factor is usually the same up through 36 months. It jumps at 48. 42 I don't know about. They've probably kept it the same to 42. You can also find out the Dec MF by searching recent posts. Do yourself a favor and check with another dealer.
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Replying to: billmv (Dec 04, 2008 4:11 pm) I am dealing with other dealers, but this one quoted me $80 over invoice on a 2009 328i. Of course they have a $599 Dealer Fee - plus all these mark ups. I'm thinking if I can get all these lease terms legit. I have a good deal for a 2009 BMW with Premium/comfort/ipod/integration for $37,500 - MSRP is $39,950. Not a bad discount ($2,450) for a 2009. Right? |
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Just leased a 2008 Service Loaner with 4500 miles. Here are the specs: MSRP 45,300 Sales 39,783 Net Cap 39,033 Res 28,389.60 (63%) MF: .0014 Base Month 390.04 Use Tax 35.10 (purchased out of state) Total Lease Payment 425.14 Monaco Blue Xenon Sport Activity Package Cold Weather Heated Steering wheel Premium
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Replying to: pitthockey (Dec 14, 2008 7:24 am) |
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Replying to: crazydclawyer (Dec 02, 2008 2:44 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: kawakibi (Dec 04, 2008 3:21 pm) Also, BMW Financial Services' current buy rate lease money factor for the 2008 X3 is .00125. The dealer is marking this up as well. If you live in an area that has a decent level of competition you should be able to get the dealer to charge you the base money factor and acquisition fee. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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