Last post on Dec 11, 2013 at 4:42 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X3, Car Leasing, SUV
#1174 of 1204 Re: 2014 BMW X3 28i Lease Deal - A good one? [kyfdx@Edmunds]
Oct 03, 2013 (3:15 pm)
Hello car God! I have one other question. I am going to be trading in my current vehicle. If I'm lucky, I will break even on it because I still have a payoff.
I am in Allegheny County, Pennsylvania. Do you know whether a trade in for a new leased vehicle has a beneficial tax implication?
Does it affect the answer if you have a payoff?
Sickly, by trading my current vehicle in, even though I still have a payoff, will I be able to get a sales tax break on my monthly payment?
Thanks So much!
#1175 of 1204 Re: BMW X3 28i October 2014 residual and money factor [ns12780]
by kyfdx@Edmunds HOST
Oct 03, 2013 (3:29 pm)
Yes... almost every BMW lease adds 2% to the residual to go from 15K/yr to 12K/yr...
#1176 of 1204 Re: 2014 BMW X3 28i Lease Deal - A good one? [mattyg412]
by kyfdx@Edmunds HOST
Oct 03, 2013 (3:31 pm)
Your payoff shouldn't have any impact... but, generally, you don't get any sort of tax forgiveness, when trading a car in on a lease... because the lease is in the bank's name, not yours..
Of course, that is just a general observation.... PA may be different..
#1177 of 1204 Re: MF and Residual for 2014 X3 35i [kyfdx@Edmunds]
Oct 12, 2013 (9:12 am)
I feel like a tool as I forgot to say thanks for the info. The information provided helped prevent the dealer from monkeying around with the pricing.
#1178 of 1204 Re: MF and Residual for 2014 X3 35i [rgarland1]
by kyfdx@Edmunds HOST
Oct 12, 2013 (12:33 pm)
You are welcome.. I just assume that everyone is thankful..
#1179 of 1204 Price and Info Check
Oct 17, 2013 (6:05 pm)
I wanted to do a price check and see if I'm getting correct lease info.
I'm pricing out a x28i, Deep Sea Metallic Blue and Beige Leatherette Interior, with the Drivers Assist Package and Heated Front Seats.
I've spoke with a number of dealers, and the two quotes I have received are $36569 and $36319 for the base price. How is this price for the configuration I've requested?
The lease information is making less sense. At a test drive we were told the money factor for a 36 Month Lease, 12k per year is .00125. The dealer we are working with is trying to charge us .00145. Any information on what the actual money factor is for October? Assuming that .00125 is correct, I arrive at a monthly payment of $419 paying the tax and fees up front. The dealer quoted us $584 for no money down, or $431 if we pay out more than $5950 up front, including $3,944 down.
Am I missing something on the lease calculation?
#1180 of 1204 Re: Price and Info Check [atikb]
Oct 18, 2013 (9:26 am)
I like the sales price of these X3, they must be at invoice. In regards to the monthly payments it seems they are bumping up the MF on you, you want hardly nothing out of pocket on a lease...
#1181 of 1204 Re: Price and Info Check [flightnurse]
Oct 18, 2013 (9:44 am)
I agree with both points. I'm fine with the price, but not the MF they're using. Based on my calculations and using an online lease calculator, I feel that my payment should be $395 per month if we pay taxes and fees up front so they're not rolled into the financed lease price.
We're also considering doing 7 MSDs, which would lower the price down to $365.
Anyone know if .00125 is the correct MF for October? Is it possible to negotiate a lower level?
#1182 of 1204 Re: Price and Info Check [atikb]
Oct 18, 2013 (10:16 am)
.00125 MF and 56% residual
Oct 23, 2013 (9:07 am)
Hey there. Here is a lease proposal I got for an xDrive 28i with some options that has a price of $48,375.
have calculated lease payment on 24 months with 12,000 and 15,000 miles per year. The attached document is a typically equipped X3 that was used for the calculations.
24 months x 12,000 miles per year: $864 per month with $2,500 due at signing
24 months x 15,000 miles per year: $905 per month with $2,500 due at signing
24 months x 12,000 miles per year: $20,429 due at signing
24 months x 15,000 miles per year: $21,345 due at signing
The one pay lease saves you approx $2800 over the standard lease.
Doesnt this seem very high? Or what can I do to get it down? Sorry I am new to leasing.