166 messages,
Last post on Mar 19, 2013 at 11:54 AM
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BMW X6, Car Buying, Car Leasing, SUV
#125 of 166 Thanks You.
by xmonger
Sep 06, 2012 (8:25 pm)
Hi Car_Man
Thanks for help in answering my specific question and all the help you provide on the forum.
Very much appreciated!
#126 of 166 Re: Thanks You. [xmonger]
by Car_man HOST
Sep 09, 2012 (8:12 am)
You're very welcome xmonger.
Car_man
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#127 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [Car_man]
by sbasu
Sep 23, 2012 (3:12 pm)
Hey Carman - I'm at the BMW dealership and I'm being quoted 59% residual with 0.00165 MF for 10kmi per year on the x6.
#128 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [sbasu]
by Car_man HOST
Sep 24, 2012 (4:46 pm)
Hi sbasu. BMW FS' buy rate lease money factor for this vehicle is only .00145, so the dealer that you're working with is marking it up slightly.
Car_man
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#129 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [Car_man]
by sbasu
Sep 24, 2012 (4:52 pm)
Thanks car_man. Any thoughts on the Residual?
And, on the MF, is 145 the cost of the money to BMW FS or is that already marked up/margin to it's cost of the money?
#130 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [sbasu]
by Car_man HOST
Sep 24, 2012 (4:57 pm)
You're welcome sbasu. The residual value is correct. BMW dealers don't have the authority to alter BMW FS' resids.
A money factor of .00145 may actually be below BMW FS' cost of money. I don't think that anyone outside of a few employees at BMW FS knows what its cost of money is. It doesn't really matter what BMW FS' cost of money is because this is the lowest possible money factor for this vehicle.
Car_man
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#131 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [Car_man]
by sbasu
Sep 24, 2012 (5:07 pm)
Ok. This helps immensely.
This tells me that 59% residual is what it is. 0.00165 MF being offered is not the lowest. As someone with a 700+ credit score I should be able to avail of 0.00145 MF.
#132 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [sbasu]
by zhecks
Sep 24, 2012 (5:25 pm)
think about dealing with an used car salesman. He is going to tell you every "right" reason to charge you more. As far as I am concerned, you should only pay the 0.00145 MF and nothing more. I signed a deal recently and the dealer wanted to charge my a higher MF. All you have to say is that, another dealer is offering 0.00145. should I deal with someone else?? you will get it.
#133 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [sbasu]
by Car_man HOST
Oct 04, 2012 (4:20 pm)
Glad that I could help you out, sbasu. Good luck in your negotiations.
Car_man
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#134 of 166 Re: 2013 X6, 12Kmi/yr - lease help? [Car_man]
by sbasu
Nov 04, 2012 (6:03 pm)
Car-man, my x6 is finally at the dealership so my lease deal will be based on Nov figures. What is the 36mo/10k MF and residual for an x6 in nov? Thank you much.