Last post on Dec 29, 2011 at 11:34 PM
You are in the BMW X3 & X5
What is this discussion about?
BMW X3, SUV
#3 of 38 2011 lease quote question
Nov 01, 2010 (3:04 pm)
Hi there... I got a lease quote from my local dealer - and here is what they quoted me:
2011 BMW X3 with Metallic paint
-Heated Steering Wheel
-Heated Front Seats
$2542.39 due at signing ($750 is a security deposit which will be returned)
10,000 miles per year
$738.44 with tax included...payment
FYI tax is 10% where I live...
Is this a bad deal? It seems somewhat high considering you can get an X5 for maybe $120 more a month and that is a whole heck of a lot more car...
Any opinions/advice/etc.. would be appreciated!
#4 of 38 Re: 2011 lease quote question [njbmwpa]
Nov 01, 2010 (3:40 pm)
Any time a brand new vehicle comes to market, particularly a high profile brand such as BMW, the enterprising salesman is going to try to extract top dollar from the buyer.
#5 of 38 Re: 2011 lease quote question [njbmwpa]
Nov 01, 2010 (4:19 pm)
Ouch! That's up there. Same ole BMW, even though lower base price on the 2011, they'll "GOTCHA" with the ala carte options.
Wait a couple of months for a better lease deal. The residuals are better on this re-design.
That size payment should go hand in hand with 0 down and 0 security, similar to the 3 series.
#7 of 38 e: 2011 lease quote question [njbmwpa]
Nov 01, 2010 (4:56 pm)
I figured it was a bit high - more so since my quotes on the X5 were not much higher & taking into account the lower base price... based on my calculations - I am looking at paying roughly 54.8% of the truck - meaning the residual value is in the toilet... I think the salesman either needs to tell his finance group to sharpen their pencils... or check out another dealer... I am in no rush to get into a vehicle, yet, but am trying to get a ball park... I am waiting on a response to what residual value it is that BMW is using since it was just released to the dealers.
#8 of 38 Re: 2011 lease quote question [njbmwpa]
Nov 02, 2010 (11:33 am)
That's not necessarily a bad deal as you can't really compare it to a X5. It's a different vehicle that's come out 4 years (newer), hence the bank will set the residual and rate differently. You haven't even noted if it's a 2.8i or 3.5i. Even a 2.8i as you noted is a 43k car. That's really not a bad payment. Just keep in mind that as cars are out longer and incentives come along; that incentive isn't for any other reason than to subsidize the depreciation of that car over time. You just might want to wait until the car actually gets to the dealerships and let the residual and rate settle out; likely Jan or Feb.
#9 of 38 Price war in compact SUV segment
Nov 15, 2010 (9:28 am)
There is going to be a major price war in this segment.
Audi is offering the 2011 Q5 with a smaller 2.0 efficient engine. The starting price is now very attractive: $33,000 for the 2011 model.
I would wait a few months. Let Audi, BMW and Acura fight for your business!
Nov 15, 2010 (3:02 pm)
A good friend of mine got me into SC to drive the new X3 on the performance course and wow! The Audi is not a competitor at any price. While the BMW reached 60 mph at a point in the course, the Audi 2.0T or the 3.2 could not exceed 50mph! And several of us were able to make the Audi actually shut down while making an evasive maneuver - actually shut down! The Mercedes has come a long way and did handle very well, but we were advised not to take it in deep water, while we drove the BMW through water over the bumpers! I personally just didn't like the Mercedes interior. BMW, you've done it again! Two thumbs up!
#11 of 38 Re: Audi vs BMW [twistedmetal]
Nov 16, 2010 (1:12 pm)
In your post, it is unclear which Mercedes model you are referring to?
Also, what do you mean by "..make the Audi actually shut down......"
What did you shut down..... the engine or your ability to drive coherently?
#12 of 38 Re: Audi vs BMW [vrm]
Nov 16, 2010 (1:42 pm)
The Mercedes GLK which is the segment competitor to the X3.
Shut down means game over, system override. When pushing it through a slalom at max speeds, slamming on the brakes and skidding it to the right the engine shut off, steering locked up. It happened to a few of us. I've not encountered that before.. btw, no need to imply anything with the term coherently. That's petty and unnecessary as we're all enthusiasts here.