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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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#696 of 723 Re: Purchasing after the lease [mnovodvor] by billmv Jan 25, 2009 (10:34 pm)
Replying to: mnovodvor (Jan 25, 2009 8:01 pm) You need to call BWMFS, not the dealer. Just ask what them what they'll sell it to you for. Tell them you need their very best deal, as you will be making your return/buy decision based on that number. Theoretically they do not want to have a vehicle on their hands that they have to sell. They'll either look at it as turning it into a CPO or getting rid of it at auction. CPO means cost to them.   Let everybody know how that discussion turns out. Replies to this message: mnovodvor (Feb 16, 2009 9:09 am) mnovodvor (Feb 16, 2009 12:47 pm) dollar_pound (Feb 16, 2009 1:18 pm) kyfdx (Feb 16, 2009 1:22 pm)
#697 of 723 dealer incentives on this truck by dollar_pound Jan 31, 2009 (5:57 am)
Hi, does anyone know if there are any dealer incentives on this truck, any cash back like the X5? Replies to this message: Car_man (Feb 23, 2009 3:43 am)
#698 of 723 Re: Purchasing after the lease [billmv] by mnovodvor Feb 16, 2009 (9:09 am)
Replying to: billmv (Jan 25, 2009 10:34 pm) I have a deal with BMW Manhattan dealer to purchase back my X3 after the lease.   2006 X3 30,000 Miles White leather + heated seats Residual 25,700   BMW will convert it into CPO and sell it back to me for $22,000   I need to return the car after the lease - can't wait for new X3 or Q5 or Volvo ( was thinking about GLK though... ) - there is not much else on the market I would be interested in and current lease terms are not that good.   Good deal?   Michael Replies to this message: mnovodvor (Feb 16, 2009 12:47 pm) dollar_pound (Feb 16, 2009 1:18 pm) kyfdx (Feb 16, 2009 1:22 pm)
#699 of 723 Re: Purchasing after the lease [mnovodvor] by mnovodvor Feb 16, 2009 (12:47 pm)
Replying to: mnovodvor (Feb 16, 2009 9:09 am) Spoke too soon...    The final deal is $23,500 with 0.9 financing.    Still not bad I think but much worse than 22K ( Dealer said that made a mistake with previous quote) Michael Replies to this message: dollar_pound (Feb 16, 2009 1:18 pm) kyfdx (Feb 16, 2009 1:22 pm)
#700 of 723 Re: Purchasing after the lease [mnovodvor] by dollar_pound Feb 16, 2009 (1:18 pm)
Replying to: mnovodvor (Feb 16, 2009 12:47 pm) isn't that high given that residuals for 09 X3 are at 41 percent...You should try to negotiate down to 20K or leave it. i plan to try that with my X3 07 lease which is up soon.
#701 of 723 Re: Purchasing after the lease [mnovodvor] by kyfdx HOST Feb 16, 2009 (1:22 pm)
Replying to: mnovodvor (Feb 16, 2009 12:47 pm) I think that's a great deal for $23,500 with the CPO.. especially with only 30K miles...   $23.5K with 0.9% is better than $22K without it.. assuming 60 months and 4.9% normal rate.   For 36 months, it's about even ..
#702 of 723 Leasing vs. Buying by nyccarguy Feb 16, 2009 (8:48 pm)
While we've got a little while to go until the lease on my wife's '07 X3 is up (July 2010), the subject of buying vs. leasing comes up every so often.   She doesn't like leasing. She thinks it is ridiculous to be paying money every month to a car that you don't own. She doesn't feel like the car is "hers." She would rather us buy a car by taking out a 5 year loan, pay it off in 4 years, drive the car free and clear for a few years after that. Then the maintenance and reapir costs would outweigh the cost of a new vehicle.   I agree with her to a point. Cars are made so well these days that 100,000 miles plus isn't a problem for most cars. The thing I love about leasing is that at the end of the lease you just walk away from the car. At the end of our lease, BMWFS says out truck will be worth $27,000.   I recently saw an ad in the paper for 2 CPO '07 X3s with 16K & 36K miles. The BMW dealer is asking $24K & $25K respectively. That means the dealer either took these 2 X3s in on a trade or bought them at an auction for $18 or $19K.   Let's say we took out a loan on our X3 instead of leasing it. In 3 or 4 years time we decide we want to get rid of it (Don't get me wrong, WE LOVE IT) for whatever reason. We need a bigger vehicle, it starts to have some problems out of warranty, my wife decides she doesn't like driving a truck... We'd be so upside down on our trade. I know I could always try to sell it privately, but I had a lot of problems trying to sell my wife's former '00 Mazda Protege ES for $2,000. I can imagine the headaches of trying to sell a $30K car to a private party.
#703 of 723 Re: dealer incentives on this truck [dollar_pound] by Car_man HOST Feb 23, 2009 (3:43 am)
Replying to: dollar_pound (Jan 31, 2009 5:57 am) Hey dollar_pound. Unfortunately, I do not believe that BMW is providing any cash incentives on the 2009 X3 right now.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#704 of 723 Re: 2008 X3 Lease from a Northern California dealership [michael2008] by nickr1 Mar 09, 2009 (10:06 am)
Replying to: michael2008 (Dec 27, 2008 9:22 pm) To put it in perspective, a similarly specked Land Rover LR2 with an almost identical price, $42,000 is $2,500 down and $660/month for 36 months. However, your feeling that the BMW rate of 618.81 is too high is correct in the sense that it can be lower if the dealer is motivated to lower it. He will tell you that it's the price that BMW sets but that's not true if he's motivated and willing to eat some of his own profit, which unfortunately, BMW dealers almost never do because they think they don't have to.   Dealer to dealer deals can be a little different so check with at least two other dealers, and get an internet price, most dealers have an email guy that answers lease questions for internet only deals. It's a lot easier than driving in and haggling, internet deals are sometimes a little lower. Give them your exact spec but don't tell them you are shopping or already know what it is. Good luck.
#705 of 723 Purchased my 2006 X3 back by mnovodvor Mar 16, 2009 (8:43 am)
This info may help you if you are considering to purchase X3 after lease: I have purchased back my X3 2006 after the 3 year lease: 2006 White X3 premium leather, privacy glass, heated front seats, otherwise standard 29,000 miles Residual value $25,700 Purchased at BMW Manhattan for 23,500 with 0.9% financing as a CPO (with extended warranty) At BMW Brooklyn I was quoted 29,000. Michael Replies to this message: anjor (Mar 19, 2009 1:19 am) mnovodvor (Mar 19, 2009 8:05 am)

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