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BMW X3 Lease Questions

1097 messages,  Last post on May 07, 2013 at 11:17 AM

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

    

Messages Page 1 of 110

#1 of 1097 BMW X3 Lease Questions by KarenS HOST

Apr 14, 2011 (10:28 am)

Post your X3 lease questions and experiences here.

#2 of 1097 BMW X3: Lease Questions by Car_man HOST

Aug 31, 2005 (3:14 am)

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

#3 of 1097 Re: BMW X3: Lease Questions [Car_man] by timmboj

Aug 31, 2005 (9:46 am)

Replying to: Car_man (Aug 31, 2005 3:14 am)
The perfect addition to the X3 line of forums! Good idea. Thanks Car_Man!

#4 of 1097 Re: BMW X3: Lease Questions [Car_man] by gtreger

Jul 31, 2006 (7:32 am)

Replying to: Car_man (Aug 31, 2005 3:14 am)
I am looking to lease a 2006 BMW x3 MSRP is $39,445. i am looking for a 36 month lease. how do i determine what the BMW money factor and residual are? i believe these are set by BMW financing and not by the individual dealer. any suggestions.

#5 of 1097 Re: BMW X3: Lease Questions [gtreger] by Car_man HOST

Aug 14, 2006 (4:48 am)

Replying to: gtreger (Jul 31, 2006 7:32 am)
Hi gtreger. I can give you an idea of what BMW's current lease program for this model is like. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 X3 with 15,000 miles per year are .00195 and 65%, respectively. This buy rate lease money factor is set by BMW and individual dealers do not have the authority to lower it, however dealers are allowed to mark vehicles' money factors up to add additional hidden back-end profit to deals. BMW dealers are notorious for marking up vehicles' money factors.
 
Car_man
Host
Prices Paid Forum

#6 of 1097 Re: BMW X3: Lease Questions [Car_man] by shikem

Aug 14, 2006 (8:50 am)

Replying to: Car_man (Aug 14, 2006 4:48 am)
Hi everyone.
Let me start by saying that I do sell BMW.s for a living.
Obviously some people think that all car sales people are evil and just want to take them to the cleaners. Hopefully not all people think the same way. I am sur I will be flamed but hopefully people here are intelligent and educated enough to have a productive deiscussion here.
Profit is nat evil. It's what makes the economy work. If there were no profit to be made selling products then they simply would not be sold. Of course a dealer does not want to sell a car for no profit nor do they want to sell the finance and make zero profit. Of course one needs to negotiate a resonable profit and thats where things get tricky. All dealers will mark up their buy rate to some extent to earn a profit, not just BMW dealers.
Again, profit is not a bad thing. If the company you work for did not make a profit I can guarantee you they would not be able to pay you for long and would go out of business soon.

#7 of 1097 Re: BMW X3: Lease Questions [Car_man] by jkmiec

Sep 13, 2006 (3:48 am)

Replying to: Car_man (Aug 31, 2005 3:14 am)
I have a 2005 Element EX that they are going to take on trade and give me $14000 and
I owe $18000 on it at 10.9%. I would be getting a 2006 BMW X3 with the sport, premium and upgraded
sound system MSRP is around $42k. With $3000 down my payments are $639 for a 36 month
12k/year lease. Is this a good deal? Any suggestions on what I can do to better this? They
claim they are already at $500 over invoice I think I have a money factor of .00025 but I need to clarify that. My Fico score is only 677 so I know I won't qualify for the best rate. I would I lower my payments by going to a 39 month lease ?
 
Thanks

#8 of 1097 Re: BMW X3: Lease Questions [jkmiec] by Car_man HOST

Sep 18, 2006 (2:29 am)

Replying to: jkmiec (Sep 13, 2006 3:48 am)
Hi jkmiec. You never mentioned the selling price or MSRP of the vehicle that you are interested in leasing. These are important numbers 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 this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.
 
Car_man
Host
Prices Paid Forum

#9 of 1097 BMW Financial Question on New Lease Negative Trade by susanj92009

Feb 20, 2007 (4:54 pm)

Replying to: timmboj (Aug 31, 2005 9:46 am)
What is the Max Cap cost BMW Financial will accept on a lease?
I have a Toyota I would like to trade in.
 
I believe I read the Acq is $695.
I am looking at a 36 month lease 12K miles per year. Do you know the MF and Residual for those terms?
 
Thank you!

#10 of 1097 Re: BMW Financial Question on New Lease Negative Trade [susanj92009] by Car_man HOST

Feb 23, 2007 (4:55 am)

Replying to: susanj92009 (Feb 20, 2007 4:54 pm)
Hi susanj92009. I believe that the maximum amount that can be financed on a leased vehicle is based upon a percentage of the MSRP of the vehicle that is being leased. I'm not sure where BMW Financial Services caps the capitalized cost, but it is probably somewhere around 105% of MSRP or so. Perhaps someone else out there can provide a little more insight on this subject.
 
BMW Financial Services' base lease acquisition fee is $625. Its current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW X3 with 12,000 miles per year are .00200 and 67%, respectively.
 
Car_man
Host
Prices Paid Forum

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