Last post on Dec 08, 2013 at 9:58 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X3, Car Leasing, SUV
Apr 21, 2013 (6:35 am)
Hey all - I need a reality check on some lease quotes I got yesterday at a BMW dealer here in Indiana. They seem a little high, but I'm also asking them to take my 2012 honda CRV (it's horrible in the snow and the honda dealer doesn't seem to think there's anything wrong), so maybe they're not being too generous. They payoff for the Honda is really close to the value, so it's likely the honda trade in will be a wash. Here's the X3 lease they're offering me:
2013 X3 (this one is located at another dealership out of state)
Red ext/ Sand beige interior
Satin Al roof rails
Discount of $1000
They think it will be around $700 to get the X3 to the dealership
36 mo/12k lease
7% state sales tax
Other option 2014 X3
Red/ Sand beige interior
Sienna wood trim
Discounted to $49,745
36 mo/12k 0 down
7% state sales tax
Seems a little high to me. anyone have any advice?
Thanks in advance
#1086 of 1201 Re: Lease on an X3 [lalombard]
Apr 21, 2013 (7:13 am)
what's the money factor they are using? Those payments seem high to me...
#1087 of 1201 Re: Lease on an X3 [flightnurse]
Apr 22, 2013 (3:44 pm)
Went back to the dealership this evening to get the full appraisal of my honda - looks like by the time the 2014 would be in (one month) my buyoff would be around $500 above trade in, so that got rolled into the cost and I got a little more off the total to $49519.
Rate is 0.00169 and residual is 59%, payments now down to $795. (includes taxes and such)
What do folks think?
#1088 of 1201 Re: Lease on an X3 [lalombard]
Apr 22, 2013 (3:58 pm)
If your willing to spend that much get a X5 diesel .with eco credits etc you can get almost 10k off MSRP
you could actually be cheaper then that X3
#1089 of 1201 Re: Lease on an X3 [lalombard]
Apr 22, 2013 (8:30 pm)
They are getting you with the money factor, Since the top rated credit tier the money factor is much less then what you are being quoted. Personally, I would wait on getting a X3 if you can't not get the best rate, $800/m is a lot of money, when others on here have posted better monthly payment,
#1090 of 1201 Re: Lease on an X3 [flightnurse]
Apr 23, 2013 (3:25 am)
Thanks - that's what I was thinking. Unfortunately this dealership has a monopoly for most of the state so I don't think I can get the best deal around here. I have family who have recently bought a BMW in another state so I am having them check a deal with them for comparison. Thanks again!
#1091 of 1201 Re: Lease on an X3 [lalombard]
Apr 23, 2013 (8:10 am)
If you can shave off $200+ a month off a lease, then it is a no brainier to go to another city and get your BMW. I would also let your BMW dealer know you have talked to another a BMW dealer and they can do the deal for XX and monthly payment for XX to see if they are willing to be realistic, if not, have yourself a nice drive home. BTW, then take your BMW to your local dealer for service....
#1092 of 1201 Re: Lease on an X3 [flightnurse]
Apr 23, 2013 (9:03 am)
Yup that's what the plan is - just waiting to hear from my out of state family member to see what deal he can get.
Unfortunately the local place doesn't offer a loaner car unless you get the car from them - although I'd save enough money over a couple of months to pay for a car rental for the 1-2 times a year it comes in for service. Good news is that I'm in no rush here - I've still got my Honda, and although I don't like it, it serves my purposes for the time being at a much lower monthly price than the new X3 would be.
#1094 of 1201 Re: Lease on an X3 [lalombard]
May 05, 2013 (5:15 am)
Have you ever used a Broker? Try Swap-A-Lease - they have lots of Brokers listed and you can save considerably on those numbers you have..