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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

What is this discussion about? BMW X3, Car Leasing, SUV


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#704 of 723
Re: 2008 X3 Lease from a Northern California dealership [michael2008] by nickr1
Mar 09, 2009 (10:06 am)
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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)
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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
#706 of 723
Re: Purchased my 2006 X3 back [mnovodvor] by anjor
Mar 19, 2009 (1:19 am)
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Replying to: mnovodvor (Mar 16, 2009 8:43 am)

Michael....does that purchase price include tax?
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.
#707 of 723
Re: Purchased my 2006 X3 back [anjor] by mnovodvor
Mar 19, 2009 (8:05 am)
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Replying to: anjor (Mar 19, 2009 1:19 am)

Anjor,
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
#708 of 723
Lease deals for 09 X3 by acorvine
Apr 13, 2009 (8:03 am)
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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.
#709 of 723
Re: Lease deals for 09 X3 [acorvine] by Car_man HOST
Apr 22, 2009 (2:03 am)
Reply

Replying to: acorvine (Apr 13, 2009 8:03 am)

Hi acorvine. You're in luck. For some reason, BMW decided to pull its lease support on the 2009 X3...but now it's back. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 X3 with 15,000 miles per year are .00250 and 53%, respectively.
 
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
#710 of 723
Re: Lease deals for 09 X3 [Car_man] by lalakrsfan
Apr 24, 2009 (12:40 am)
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Replying to: Car_man (Apr 22, 2009 2:03 am)

Hi Car_man,
 
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!
#711 of 723
Re: Lease deals for 09 X3 [lalakrsfan] by lalakrsfan
May 11, 2009 (11:46 am)
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Replying to: lalakrsfan (Apr 24, 2009 12:40 am)

Hi Car_man,
  
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
#712 of 723
Re: Lease deals for 09 X3 [lalakrsfan] by Car_man HOST
May 15, 2009 (1:58 am)
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Replying to: lalakrsfan (May 11, 2009 11:46 am)

Here you go, Tyler. According to the latest information that I have seen, BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2009 BMW X3 with 10,000 miles per year are an unattractive .00280 and 49%, respectively. The numbers for an otherwise identical 36 month lease are an equally unattractive .00280 and 43%.
 
BMW is currently providing $4,000 dealer cash on this truck.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#713 of 723
Leasing does work by nyccarguy
May 17, 2009 (5:47 pm)
Reply
out sometimes...
 
When we leased our 2007 X3 back in July of 2007, the residual value at the end of our lease is 65% after 3 years. 75% if we would have taken a 2 year lease.
 
Things were much different back then.

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