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BMW X3: Lease Questions

723 messages, Last post on Oct 26, 2009 at 8:06 AM
You are in the BMW X3 & X5 Forum. Your Hosts are steve_ & tidester
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a BMW X3. Thanks. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Aug 31, 2005 2:14 am) |
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Need quick opinions: I just put down a security deposit for a 2005 X3 3.0i Premium, sport...etc....only things it doesn't have are Nav, and parking control. MSRP 46,695...money factor .0014..... Trading in a 1997 328i w/123.5K miles...the gave me a trade in of $5,800.. Lease terms.....no money down....$454/month.....w/ 17K miles/yr.....39months.. I need a immediate opinions on this deal.. thank you...
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I'm signing the lease tomorrow morning 9/1/05 at 9:30am CT .....i've put down a $1000 deposit and I'm now concerned that I may have screwed myself. I feel that I can go into the negotiation and call them out on the money factor. 've read some postings and it seems that I should have a money factor of .0010 as opposed to .0014? I bumped up the miles due to the fact that I'm a traveling sales person.. Your thoughts????? |
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Replying to: bra (Aug 31, 2005 8:16 pm) Are they writing you a check for the 328i? Or, are they keeping all of it for downpayment and inception fees? regards, kyfdx |
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| It does include tax and yes they are using the car as a downpayment to buy down or Cap Cost Reduction. When I run this deal through a lease calc., I continue to pull monthly lease paymt. in the range of $425/month. Is the addtnl. mileage (i.e. 17K...extra 2K/yr) bumping up the paymt? | |
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Addntl info: So the deal is that I will trade in my 328i (123,000m) and in need of repair for $5,800. No money will be exchanged at time of transaction...$454.39 from the $5,800 will go toward the first paymt.. MSRP for the 2005 X3 3.0i w/all options except Nav.& backup assist is $44,695. Negotiated price is $43,570....Lease: 39mnths 60% residual 17K miles/yr for $454.39. When I punch in those #'s I'm still getting a paymt. around $425? Your thoughts... |
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Let me add a couple other pieces of info on this deal: My trade in is a 97' 328i...Kelley Blue Book trade in shows: $4,700...BMW is "giving" me $5,800. The money factor used in this "Aug. 31st" transaction w/pickup today is .0014. Do the #'s shown above in the 2previous messages correspond to a good deal? Thx.. |
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Replying to: bra (Aug 31, 2005 8:16 pm) Another thing to factor in is fees (bank fee, dealer admin fees, etc).... Are those included in the price? Those could add $1000 (or more) to your total price.
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Thank you brd127... Do you think this is a legit deal? Should I back out this morning? I'm not comfortable w/it right now... Thx..Brad |
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