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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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#86 of 723
Lease and Love information. . . by markcincinnati
Jan 17, 2006 (1:45 pm)
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Our 8+ month old 2005 BMW X3 is one of my wife's favorite cars EVER (and she and I combined since 1977 have had 28 Audis and 2 BMW's -- take a deep breath that did include several company cars that were Audis.)
  
She got the 3.0 with the 6spd manual and
  
Premium
Sport
Cold Weather
Sound system upgrade
Bi Xenons
Servotronic
Sat Nav
Sirius
Chrome tail pipe extensions
In car built in/removable Sony Ericsson T637 Bluetooth and mounted phone.
BMW specific (dealer sold) Kleen Wheels
  
And probably a couple other things I forget right now.
  
MSRP including shipping and the three accessories mentioned above ~$47K; we put $250.00 down (for the Servotronic), sec dep and got a 36 month 15K per year lease including tax (state of Ohio) for $581/mo.
  
We custom ordered the car, it took 7 weeks to come in -- black gloss (at the time the bumpers ONLY came in black, now they are body colored) with the Terracotta Leather Sport seats and the light birch wood.
  
We have had the wiper blades changed once, it has over 13,000 miles on it and we have had to add one pint of oil during this period of time. Picked up the car in May 2005, car was built in April 2005. Only other visits to dealer are for weekly free car washes Starbucks and choc chip cookies avail to all customers all day Saturday.
  
I assume there are changes in the 2006's beyond the dressed up bumpers.
  
We thought the vehicle with the 5spd auto was adequately powered as the transmission seemed to hunt a lot (Cincinnati is the city of "7 Hills.") With the 6spd manual it was a blast and the mileage is good (~24 highway around town; in the city ~20; on long trips over 25mpg even with the A/C on.)
  
Regrets: we didn't get the home link transmitter option (didn't know it didn't come with it); we didn't get the privacy glass option (the only one we've seen without it is ours); AND MAYBE the power folding mirrors, but frankly this has never been a problem so for $350 or whatever, we might re think that one.
  
Encourage others to: ORDER the car with SERVOTRONIC it is "only" $250 and it transforms the steering and feeling you get via the wheel. It was here in Cincinnati a sold order option only. Beats me why. The stock sound system is lame. The upgraded system with Sat Radio and the single CD in dash is very nice.
  
It is a BMW -- it is NOT based on a truck. It is NOT really an off road vehicle. It rides higher than a BMW sedan and has a firm suspension. It handles, therefore, like a somewhat taller sport sedan from Germany -- the ride is firm, at slower speeds on a "washboard" surface the sensation can be one of being jostled. This happens, to us here in Pot Hole Central, less than 5% of the time.
  
This is a relatively quiet vehicle, but there is a bit less isolation than in a similar Lexus -- some people love this (my wife) some don't want to hear or feel the road -- hell, some don't even want to see the road. The X3 needs a slight upgrade to the material covering the dash. This has not been and I suspect it will not be a durability issue, it is an appearance issue. It seems to look better in black which hides the coarse pebble grain of the dash.
  
With a high contrast interior, like Terracotta, it is not really too much of an issue, but for $47K you'd think they would take a page out of the book of the 3 series or from an Audi A4 for Pete's sake.
  
Confidence inspiring is what my 50 year old lawyer wife says after 3 Audi TT 225HP coupes and a dozen Audis of various ilks since her first Fox in 1979.
  
She likes being slightly higher off the road and the feeling of the X drive when we have one of those nasty but brief Cincinnati Snowstorms (luckily only 1 this year.)
  
Hope this helps if you are a shopper at this moment in time. The deals, too, seem to be quite good as the residual (subvented or not, who cares?) on these cars seems impressive.
  
Drive it like you live.
  
 
#87 of 723
Re: Lease and Love information. . . [markcincinnati] by Car_man HOST
Jan 19, 2006 (3:32 am)
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Replying to: markcincinnati (Jan 17, 2006 1:45 pm)

Thanks for taking the time to post such a detailed message about your lease, markcincinnati. I'm amazed that you've had over 28 Audis . What made you switch to BMW? Did you just get sick of them or did you get a bad one?
 
Car_man
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Smart Shopper / Prices Paid Forums
#88 of 723
Lease X3 in NY by mnovodvor
Jan 24, 2006 (8:33 pm)
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Hi,
I wanted to ask your opinion on the deal I am considering here in NY:
X3 White/Terracotta 2006
Premium Package, Heated Seats, Privacy Glass
The MSRP comes to $40,220
The lease I was quoted was
36 motnth/10,000
$495 per month before taxes
$3,495 due at signing ( including 8.25% NY sales tax)
Does it seem fair?
I want to get as low as $470 per month, do you think it is reasonable?
Also, in general do you get a better pricing when you buying off the lot, or when ordering and waiting 8 weeks?
thank you, appreciate your comments.
michael
#89 of 723
February lease terms anyone? by fogdogpd
Feb 05, 2006 (9:35 am)
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Looks like with the current demand for sedans so high (up 10% over 2004) no great deals are currently offered on a 3-series sedan (325i or 330i)and I am looking to switch to an X3 when my 330i lease runs out next month, and I had two questions:
 
1. Has anyone moved from a 3-Series to a X3 and what did you like and not like after the switch that you had not predicted, and
 
2. What are the current lease terms for February - I am looking for a 2 year 15K a year lease or possibly a 20K miles a year lease.
 
Also, my lease is up in March and the current programs only last through the end of February, any thoughts on gambling on a better rate in March versus doing a deal this month? The rates seem to have gotten better in February from January based on the nominal offer on bmwusa's web site.
 
Thanks for any thoughts!
 
Peter
#90 of 723
Re: February lease terms anyone? [fogdogpd] by mariab
Feb 05, 2006 (4:49 pm)
Reply

Replying to: fogdogpd (Feb 05, 2006 9:35 am)

Wish I could help...I'm looking too. My salesperson is reluctant to reveal anything and I'm getting irritated. I think I am getting a reasonable deal, but her attitude is turning me away. All she will tell me is my total payment and the Purchase price, no down payment, no 1st payment, No deposit. The purchase price includes a navigation system I don't want and she has told me I won't have to pay for because it's the only one they have that has all of my other options. That tells me she is not so honest. I have sent her an email asking for all of the specifics but not sure what to watch for in her response.
I am looking for 36mos/15K/PremiumPackage.
 
Also, what is the "Prepay amount" that they did specify in the info sheet she gave me?
#91 of 723
Re: February lease terms anyone? [fogdogpd] by jaydeepb
Feb 07, 2006 (1:04 pm)
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Replying to: fogdogpd (Feb 05, 2006 9:35 am)

Hey there,
 
I moved from a 2002 325Ci Coupe to a 2005 X3 3.0 last year after my lease was over. Considering I had the Sports Package on the 325 I still like the ride of the X3. It handles very well for its height, it has more interior space, and the huge sunroof is great.
 
I don't know if the 2006 received an upgrade to the interior or not but it is not as good as the 3.
 
If you want to know more let me know.
 
JD
#92 of 723
Re: Lease X3 in NY [mnovodvor] by Car_man HOST
Feb 09, 2006 (2:51 am)
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Replying to: mnovodvor (Jan 24, 2006 8:33 pm)

Hi Michael. You never mentioned the selling price of the X3 that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work give you my opinion on this deal if you let me know what its selling price is.
 
Generally speaking, dealers usually prefer to sell vehicles that they already have in stock to ordering them. The logic behind this is that when they sell a unit that they already have, they can stop paying floorplan interest on it. Plus, a lot can happen between the time that a consumer orders a vehicle and they take delivery of it. If you drive off in something that is in stock, they know that you won't back out of the deal like you can with an order.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#93 of 723
Re: February lease terms anyone? [fogdogpd] by Car_man HOST
Feb 09, 2006 (2:57 am)
Reply

Replying to: fogdogpd (Feb 05, 2006 9:35 am)

Greetings Peter. According to the latest information that I have seen, if you were to lease a 2006 BMW X3 through BMW Financial Services for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00125 and 60%, respectively. 15,000 miles per year is the highest mileage allowance that BMW publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
 
It is difficult to say what BMW's March lease program on the X3 will be like. BMW just enhanced its lease program on this truck for the month of February. If I had to make an educated guess, I would say that its lease program for it will probably be about the same next month. Again, it is tough to say what will happen for certain though. A lot of what BMW does will depend upon how its February sales turn out.
 
Car_man
Host
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#94 of 723
Re: February lease terms anyone? [mariab] by Car_man HOST
Feb 09, 2006 (3:01 am)
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Replying to: mariab (Feb 05, 2006 4:49 pm)

Hi mariab. Please see my previous message for the money factor and residual value information that you are interested in. I'm not sure what the "prepay amount" that was on the info sheet that you were given means. Perhaps it is the amount due at lease signing. BMW Financial Services charges lessees their vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment, a $625 lease acquisition fee, and any other required state fees or taxes at lease signing. You can have your truck's security deposit waived in exchange for an increase of .00015 in the money factor that is used to calculate its lease payment.
 
Car_man
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Smart Shopper / Prices Paid Forums
#95 of 723
Re: Lease X3 in NY [Car_man] by mnovodvor
Feb 09, 2006 (5:37 am)
Reply

Replying to: Car_man (Feb 09, 2006 2:51 am)

Car_man, thank you for reply; I see what you are saying
The selling price quoted was 39,800.
So:X3 White/Terracotta 2006
Premium Package, Heated Seats, Privacy Glass
The MSRP comes to $40,220 ; Selling Price 39,800
The lease I was quoted was 36 motnth/10,000
$495 per month before taxes
0 down
$3,495 due at signing ( including 8.25% NY sales tax)
 
This seem high to me especially with this month deal;
what is reasonable monthly payment I can bargaain for?
 
thank you
michael

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