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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 104 of 111

#1023 of 1097 Re: Good deal? [jc_hills] by ltllady

Jan 30, 2013 (4:43 am)

Replying to: jc_hills (Jan 18, 2013 4:09 pm)
With the numbers you listed, the monthly lease payment computes to about $472 not $499. Adding an aquisition fee of about $900 to the sale price of $40,190 gets you to $499.

#1024 of 1097 Re: Is this a good deal? (Quote #2) [ltllady] by billy3554

Jan 30, 2013 (4:56 am)

Replying to: ltllady (Jan 30, 2013 4:33 am)
I always find it interesting people are so willing to spend thousands of dollars for protection against the possibility of future events that, statistically, will not occur. Warranties, such as a warranty against future tire damage, are designed by people fully versed in statistics and set up in such a way to assure significant profit is made.
 
Making the matter even worse, from a consumer prospective, is the profit is exagerated since both the warranty provider and dealer have their hands in the money pool pulling out profit. It is never a benefit to the consumer to become involved in a monetary exchange involving muliple levels of profit.
 
Spending well over a thousand dollars for tire protection on a lease of three years does not appear prudent.

#1025 of 1097 Re: Is this a good deal? (Quote #2) [ltllady] by karhill1

Jan 30, 2013 (5:40 am)

Replying to: ltllady (Jan 30, 2013 4:33 am)
I read Edmunds forums on a regular basis as they often contain valuable information along with some amusing comments. I do find it interesting that so many people seem to accept two items presented in a dealer's F&I office as necessary products/fees when they are really overpriced, useless, or false.
 
One is warranties of any kind. Seems every year the F&I people come up with a new warranty to make money. Five years ago, I bought my daughter a new car. The F&I guy pitched the tire protection product for $500. To intice me to buy, he told me about his daughter who had the same vehicle had replaced the tire and rim twice in three years. I suggested his daughter was obviously not a very good driver. Well here we are five years later and my daughter has not damaged a single tire or rim and I, not the dealer, have the $500.
 
Another is the dealer documentation fee. Dealers in some places, like Florida, charge hundreds of dollars for this "fee." Any cost of preparing documents for the sale of a vehicle is minor and is covered by the dealer's overhead which is included in the selling price. This is basic cost accounting.
 
Most of the document preparation is done in the F&I office while the customer sits across the table from the dealer's best sales person. Of course the only reason the customer must sit with the F&I person is so the F&I person can have an opportunity to increase the dealer's profit on the back end of the deal.

#1026 of 1097 is this a good deal? by sk_web

Jan 31, 2013 (2:19 pm)

x3 28i - premium pkg, tech pkg, roof rails, comfort keyless entry, 36 month/10K year.
  
3000 total drive off including 1st month payment, taxes etc.
  
MSRP: 47,695
Residual value: 27,992
Lease factor: 0.00125
  
lease payment: $499 + tax per month
  
good deal?

#1027 of 1097 Re: Help needed on offer from dealer [kyfdx] by ken954

Feb 01, 2013 (8:25 am)

Replying to: kyfdx (Jan 29, 2013 9:10 pm)
Thanks so much kyfdx - dealer isn't budging much so far, but that info gives me a bit more ammunition. I've been back and forth between new and demo, sport appearance and m-sport - and not a lot of inventory in my area. Appreciate your help.

#1028 of 1097 Re: Help needed on offer from dealer [ken954] by kyfdx HOST

Feb 02, 2013 (7:01 am)

Replying to: ken954 (Feb 01, 2013 8:25 am)
Some (most?) BMW dealers will always mark-up the MF and won't budge.. If that is the case, you have to inject some real competition into the equation. And, be willing to go elsewhere..
 
Your local dealer has to believe you'll go to another dealer, and even then, you might have to actually do it...

#1029 of 1097 Re: Help needed on offer from dealer [ken954] by flightnurse

Feb 02, 2013 (5:27 pm)

Replying to: ken954 (Feb 01, 2013 8:25 am)
Ken, something else you need to know is, if you want a certain model and it is a high demand model dealers aren't willing to deal on them. Give you an example, 328ix aren't not in high demands in SoCal, one can get a good deal on them, however, if you want a X3 and live in Northeast in the middle of winter, you might have a hard time getting the deal you want on it. Just keep this in the back of your mind...

#1030 of 1097 Re: Is this a good deal? [georgiagirl13] by Car_man HOST

Feb 03, 2013 (8:53 am)

Replying to: georgiagirl13 (Jan 20, 2013 11:06 am)
You're welcome georgiagirl13. There's nothing wrong with paying the first month payment, dealer fee, tag and title at lease signing, but you really should avoid making any sort of capitalized cost reduction on a lease.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1031 of 1097 Re: MF and Residual on x3 35i [ken954] by Car_man HOST

Feb 03, 2013 (8:57 am)

Replying to: ken954 (Jan 26, 2013 4:16 pm)
Hello ken954. BMW Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 X3 35i with 10,000 miles pr year are .00130 and 60% for consumers who qualify for its top credit tiers.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1032 of 1097 Re: MF and Residual on x3 35i [Car_man] by wpattison

Feb 05, 2013 (7:00 pm)

Replying to: Car_man (Feb 03, 2013 8:57 am)
Car_man,
 
What would the residual and money factor change to for a 15,000 mile on a 2013 X3 35i?
 
TIA,
WP

Messages Page 104 of 111

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