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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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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. |
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Replying to: dollar_pound (Jan 31, 2009 5:57 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: michael2008 (Dec 27, 2008 9:22 pm) 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. |
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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
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Replying to: mnovodvor (Mar 16, 2009 8:43 am) I am about to purchase my 2005 X3 at lease end with CPO and 0.9% financing (that was the promotion last month that I secured). I was quoted a price and was told the CPO could run between $3,000-$5,000,. They are performing a 40 point inspection (for $150) and will let me know if it qualifies. Then, the dealer will tell me if I need new tires, etc and how much it will cost, so they can "adjust" the quote accordingly. I was under the impression that when they CPO the car, they sell it back to you in "like new" conditon. My dealer said that since it is my vehicle, it is a "lease to retail" and they don't fix anythng they don't have to. Just curious if you needed any work done on your X3 when they certified it and if they charged you. Also, what condition was it in when they sold it back it you? If they don't intend on "fixing" anything then, I would have liked to take the "Orignal owner extended warranty" since it covers more than a CPO, but I wouldn't get the 0.9%. Thanks for your input.
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Replying to: anjor (Mar 19, 2009 1:19 am) 1) my price did not include tax. it did include CPO. With tax in NY full price was close to 25,000 and final per month payment of $435 for 60 month 2) My car was in pretty good condition, not after-lease charges. They did not charge anything extra - 23,500 was all I paid ( plus inspection, registration, some other fees about $200) They did full detailing on the car and replaced some plastic inserts inside - like mirror controls on the door. Michael |
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Do you know of any lease specials on the 2009 X3. I don't want it loaded, just heated seats and leather. And do you think I should wait until the end of August when the 2010 start coming in?? Thanks.
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Replying to: acorvine (Apr 13, 2009 8:03 am) It is difficult to say what BMW's lease program will be like on the 2010 X3 when it is initially introduced at this point. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Apr 22, 2009 2:03 am) Need the MF and Residual on a '09 X3 for 10K miles both for 24 and 36 month lease. Also, can you confirm what loyalty cash/incentives that are available for current BMW FS customers? Thanks once again for your help on the '06 BMW Z4 we are turning in soon. The info you've provided over the years has saved us hundreds if not thousands of dollars!
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Replying to: lalakrsfan (Apr 24, 2009 12:40 am) Didn't see a reply to this request.Can you please provide the MF and Residual on a '09 X3 for 10K miles both for 24 and 36 month lease? Also, can you confirm what loyalty cash/incentives that are available for current BMW FS customers? Thanks, Tyler
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