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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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#671 of 723
Re: Assignment fee? [kawakibi] by jurgan
Dec 04, 2008 (2:39 pm)
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Replying to: kawakibi (Dec 04, 2008 2:21 pm)

Kawakibi,
 
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.
#672 of 723
Re: Assignment fee? [kawakibi] by billmv
Dec 04, 2008 (3:11 pm)
Reply

Replying to: kawakibi (Dec 04, 2008 2:21 pm)

kawakibi..........Ask your dealer if it's another name for the "bank fee." The bank fee is OK, and I think it's about $695 or $725 now on all BMW FS leases. If it's in addition to the bank fee, then it's a "bend over" fee. If it's the bank fee, just marked up, tell him you won't pay more than the BMW FS standard fee. Search recent forums here and in other BMW models to find out.
 
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.
#673 of 723
Re: Assignment fee? [billmv] by kawakibi
Dec 04, 2008 (4:44 pm)
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Replying to: billmv (Dec 04, 2008 3:11 pm)

Thanks guys..... I think its the "Bank Fee" - they marked up the MF why wouldn't they also mark up the Bank Fee - right.
 
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?
#675 of 723
2008 X3 Lease by pitthockey
Dec 14, 2008 (6:24 am)
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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
#676 of 723
Re: 2008 X3 Lease [pitthockey] by pitthockey
Dec 14, 2008 (7:45 pm)
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Replying to: pitthockey (Dec 14, 2008 6:24 am)

12,000 miles per year.
#677 of 723
Re: December 2008 Lease Numbers Up Yet? [crazydclawyer] by Car_man HOST
Dec 17, 2008 (6:32 pm)
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Replying to: crazydclawyer (Dec 02, 2008 1:44 pm)

You're very welcome, crazydclawyer. I'm glad that you like this forum so much. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 X3 with 12,000 miles per year are .00190 and 62%, respectively.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#678 of 723
Re: Assignment fee? [kawakibi] by Car_man HOST
Dec 17, 2008 (6:42 pm)
Reply

Replying to: kawakibi (Dec 04, 2008 2:21 pm)

Hi kawakibi. It sounds like the dealer is calling this car's acquisition fee an assignment fee. BMW Financial Services charges a $725 acquisition fee on every vehicle that it leases. The dealer is marking that fee up by $200 on your deal.
 
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
#679 of 723
Re: 2008 X3 Lease [pitthockey] by Car_man HOST
Dec 18, 2008 (2:43 am)
Reply

Replying to: pitthockey (Dec 14, 2008 6:24 am)

Congratulations on getting your new X3, pitthockey. Thanks for taking the time to share the details of your lease with everyone. If you haven't already, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#680 of 723
Re: BMW X3: Lease Questions [Car_man] by coolgirl2008
Dec 20, 2008 (4:17 pm)
Reply

Replying to: Car_man (Aug 31, 2005 2:14 am)

Hi Car_man,
 
I am thinking about leasing a BMW 2009 X3. I went to a dealership this afternoon and this is what they offer. The MF and RV all seem consistent with what you provided on previous post. I am not sure about the purchase price, which is higher than the invoice price and lower than the TMV. Could you please let me know how much above invoice price would be a good price? Also, for some reason the invoice price provided by Edmunds doesn't show an additional charge for the color (Vermillion Red Metallic). Is that reasonable?
 
Thanks!
 
MSP: 47,925
Purchase price: 45,999
MF: 0.0019
RV: 62%
Term: 36months, 12Kmiles per year, no downpayment, no tax upfront
Monthly payment: approx. 625
 
Options:
Vermillion Red
Navigation
Sport Activity Package
Cold weather package
Premium package
Heated steering wheel

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