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You are in the Prices Paid - Buying & Leasing Experiences
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BMW X3, Car Leasing, SUV
#11 of 1097 Re: BMW X3: Lease Questions [Car_man]
Jun 29, 2007 (11:34 am)
My dealer has offered the following deal:
2007 BMW X3 in Alpine White with Sand Beige Leatherette and equipped with auto transmission, heated steering wheel and front seats as well as privacy glass. MSRP is $40025. The current "price" is $39325. Money factor appears to be .00255, term is 36 months with 10K miles. They have me paying $5300 at signing ($450 is security dep.). Taxes are listed as $3683 - our sales tax rate here is 7.55%. The monthly lease payment is $448.23. I want to pay nothing down and negotiate to a net capital price of $38000 or pay $1000 down for a net capital price of $37000. I cannot understand why the need for the $5300 down - it doesn't add up. What are they doing?????
#12 of 1097 Re: BMW X3: Lease Questions [helayna]
Jun 29, 2007 (12:03 pm)
Are you paying all of the sales tax for the lease up front?
If so the sales tax plus security deposit plus the first payment nearly equals 5,300 dollars. Throw in a few hundred dollars for registration, plates and doc fee and you have 5,300 dollars.
#13 of 1097 Re: BMW X3: Lease Questions [helayna]
by kyfdx HOST
Jun 29, 2007 (12:49 pm)
This looks like a bad deal.. even if you are paying all of the tax upfront..
Also, that tax amount is huge... do you live in Illinois or Texas?
#14 of 1097 Re: BMW X3: Lease Questions [helayna]
Jun 29, 2007 (12:52 pm)
Your sales tax also seems way too high.
#15 of 1097 Re: BMW X3: Lease Questions [kp22]
Jun 30, 2007 (9:24 pm)
I just got an X3. MSRP $43,490, Sale Pice $40,950 plus $625 Acq. fee and $600 security deposit for the lease. 24 mos. 15k per year, 24 payment of $584 including tax. MF was .00215 with 75% rv. I think the sale price should come to about $1,000 over invoice. Dealer never mentioned Maco or training fee, so it must have been included in the sale price already. In our area (SoCal) dealers have tons of X3s on the lot and it is towards the end of the model year, so they need to be more flexible.
#16 of 1097 Re: BMW X3: Lease Questions [kyfdx]
Jul 06, 2007 (6:04 am)
do you have a sense of what the new numbers are for the X3?
I'm interested in an Automatic with Premium and Climate package, and only basic inception fees at signing.
Term: 24/36 months
Thanks very much.
#17 of 1097 Re: BMW X3: Lease Questions [pmeswani]
by kyfdx HOST
Jul 06, 2007 (7:14 am)
.00215 is the base rate... .0015 for current BMWFS customers.
Residuals are 78% and 68%..
All of this is unchanged from last month.
#18 of 1097 Re: BMW X3: Lease Questions [pmeswani]
Jul 06, 2007 (7:20 am)
BMW's factors are easy -- they're updated every month at bimmerfest.com:
For the X3 3.0si 4WD:
24mos,10k: Residual of 78%, MF=.00215
36mos,10k: Residual of 68%, MF=.00215
For 12k, subtract 1% from the Residual.
For 15k, subtract 3% from the Resiudal.
The Residual for 24mos is excellent! MF, not so much. Apparently, there's a discount on the MF if you're a current BMW customer.
I'm in the market for a small SUV, and the residual here makes me want to go check out an X3 this weekend...
#19 of 1097 Re: BMW X3: Lease Questions [aepheme]
Jul 06, 2007 (7:39 am)
Thanks so much. I plan to go to some dealers in NJ today to compare. Will keep this board posted.
#20 of 1097 Re: BMW X3: Lease Questions [pmeswani]
Jul 06, 2007 (3:18 pm)
Just put a deposit down on an X3.
MSRP: 42,325 includes Auto, Premium, Heated Seats and Steering Wheel, privacy glass
Selling Price: $40,105
Term: 24 month/12k per year
Payment: $496 (includes tax)
~$2100 basic inception fees due at signing (first month, $500 SD, reg fees, and acquisition)
Sound like a decent deal? By my calculations, I'm about 12 over, but I still think it's not too bad.