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BMW X3 Lease Questions

1111 messages,  Last post on Jun 17, 2013 at 7:06 PM

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

    

Messages Page 21 of 112

#193 of 1111 Re: May Lease Program on the X3 [nlproductions] by Car_man HOST

May 17, 2006 (9:30 am)

Replying to: nlproductions (May 14, 2006 7:38 pm)
Hi nlproductions. According to the latest information that I have seen, if you were to lease a 2006 BMW X3 through BMW Financial Services right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00200 and 75%, respectively. The 39 month term is BMW FS' most attractive one for this model right now, but that might be a little long for you.
 
Car_man
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#194 of 1111 Re: May Lease Program on the X3 first lease [Car_man] by zoshan

May 31, 2006 (6:10 pm)

Replying to: Car_man (May 17, 2006 9:30 am)
Hi Car Man my first post I hope you'll add your comments,
 
I got this X3.0 fully loaded sport package navigation leather every option except parktronic and high-end sound system. I don't know money factor but got the price reduced to $42500 from $45000, gave down $1650 for 12000 miles/ month for 39 month. Total monthly payment 467.85 including taxes and every thing, not sure if this is the best deal.

#195 of 1111 Re: May Lease Program on the X3 first lease [zoshan] by Car_man HOST

Jun 08, 2006 (3:57 am)

Replying to: zoshan (May 31, 2006 6:10 pm)
Greetings zoshan. The selling price that you were quoted for this truck looks reasonable. If you want to fid out how much over dealer invoice it is, you can look up your vehicle's invoice price in the following section off this site: Edmunds.com - New Vehicle Pricing. Let's use BMW's actual current lease program to estimate what its monthly payment should be. According to my calculations, if you were to lease a 2006 BMW X3 with an MSRP of $45,000 and a selling price of $42,500 through BMW FS right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $452. Since the payment that you were quoted includes tax, it looks about right to me.
 
Car_man
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#196 of 1111 Ending X3 Lease Early by gregdbusch

May 21, 2006 (7:15 am)

I currently have 15 months remaining on an '04 X3 3.0 at $475/month. My wife and I just had a baby and we need a bigger car. We also are driving way more than the mileage on our lease will allow due to visiting her family in another state. I would like to upgrade to an X5, b/c it is bigger (even though yes, technically, the X3 has more cargo room). I would like to finance the X5 to avoid mileage restrictions. Can anyone help me know if a dealer might help me get out of my X3 lease and into an X5 finance? I've tried having someone assume the lease, but with no success, and I am in a bad situation right now. Please help! Thanks!

#197 of 1111 Re: Ending X3 Lease Early [gregdbusch] by Car_man HOST

Jun 08, 2006 (3:47 am)

Replying to: gregdbusch (May 21, 2006 7:15 am)
Congratulations on your new baby, gregdbusch. I certainly know what it is like to have to change vehicles because of a new arrival. That's why I don't drive coupes any more . It's worth it though . Anyhow, I am sure that lots of dealers would like to "help" you get out of your X3 lease and into a new X5. However, dealers do not have some magical way to get you out of your current lease for free. It is probably going to be fairly expensive to get out of your leased X3 over a year before the scheduled end of your lease. You will probably have to pay money out of your pocket to get out of this truck at this point or at least pay way more than you should on your X5 lease. By far, your least expensive option would be to continue to drive your X3 until you are closer to the scheduled end of your lease. If you only have one child it should be big enough to tough it out another couple of months. It's not like we're talking about a Z4 .
 
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#198 of 1111 My first BMW by mschu3

May 21, 2006 (6:53 pm)

Car Man:
I just leased an X3 for my wife. Did I get a fair deal? Here are the terms:
MSRP: $38,820
Price Paid: $37,200
Dealer invoice: $35,575
Payment: $411.82
Money factor: .00185
Term: 39 month / 10000 miles per year
Residual: 68%
Bank fee: $625 (rolled into monthly payment)
Out of pocket: $2,484.66 (sales tax=$1405.34 + reg and other fees=$217.50 + Sec deposit=$450.00 + 1st payment=$411.82)

#199 of 1111 Re: My first BMW [mschu3] by Car_man HOST

Jun 08, 2006 (3:50 am)

Replying to: mschu3 (May 21, 2006 6:53 pm)
Congratulations on your first new BMW, mschu3. It looks like you paid $1,600 over invoice for this truck. That is a reasonable price, but if you are in an area that has a decent level of competition I would not be surprised if you would have been able to get another couple hundred off. The money factor that was used to calculate your truck's monthly payment is right in line with BMW Financial Services' current buy rate for it. Plus this dealer did not try to mark your vehicle's acquisition fee up like a lot of BMW dealers do. Overall I would say that this is a reasonable deal.
 
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#200 of 1111 I am leasing an X3 this weekend by jjjzzz

May 25, 2006 (9:31 pm)

Here is the best quote I have got so far:
   
MSRP: $40,195(premium package, privacy glass, satellite radio, metallic color)
Sales price: $37,665
Dealer invoice: $36,825
Payment: $455 (including tax at 8.25%)
Money factor: .002
Term: 36 month / 10000 miles per year
Residual: 68%
Bank fee: $625
Out of pocket: $1,400(bank fee $625+ reg and other fees $311 + 1st payment)
   
Does anyone know if this is a good deal? Thank you in advance!

#201 of 1111 Re: I am leasing an X3 this weekend [jjjzzz] by kyfdx HOST

May 26, 2006 (3:49 am)

Replying to: jjjzzz (May 25, 2006 9:31 pm)
That looks liike a great deal..
 
Base money factor and less than $1K over invoice...
 
The only thing that I would change? I'd make a $450 security deposit.. That would lower your money factor to .00185, and lower your payment by around $10/mo... $360 saved, and you get the $450 back at the end of the lease...
 
regards,
kyfdx
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#202 of 1111 Need Quick Advice on Lease by 0711

May 29, 2006 (4:38 pm)

Dear Car Man:
 
I'm hoping you can answer these ?'s for us ASAP! We are hoping to close on our lease deal this week. Thanks!
 
1. Can you tell us if we got a good deal -
MSRP: $41,095
Our offer (accepted): $39,607
Money Factor .0013 (filed paperwork by April 30 for special)
Bank Fee: $625
Term: 39 months, 12K/year
Residual: 67%
Security Deposit $350
 
2. Is the .20/mile excess mileage fee negotiable up front? Our dealer told us BMW does not negotiate on this, but said they typically offer .16/mile excess a few months before lease expires. Is it true that this is a BMW policy and non-negotiable?
 
3. Should we be concerned about the verbiage on the lease re: excess wear and tear? It is BMW's standard lease contract, but states that we agree to pay BMW the cost of all repairs, including, but not limited to: dented, scratched, chipped, rusted, pitted body parts, paint, trim, grill work, etc. There is no further definition of size, etc. of scratches, dents, rust, etc. It seems very subjective - who is to say what type of a scratch/dent, etc. is due to normal wear and tear, and what is considered excessive. I don't want to treat the car like a museum piece just to avoid it getting a minor scratch. The lease does not define minor scratches or state that they're excluded. In my opinion, small scratches should be normal wear and tear. Dealer said they are reasonable at the end, but how can I be sure, when nothing is clearly defined in writing??!! BMW and dealer will not further define this in our contract. What is your advice on this??!!
 
4. Also, there is nothing in that contract about distinguishing rust as a mfr defect vs. rust from a chip on the paint that was never repaired. BMW Financial said that mfr defect is discussed and covered under the BMW warranty; therefore, and that their contract is separate from this. Does this sound ok to you?
 
Please help us answer these questions - we need your advice ASAP!! Thank you in advance for your help!

Messages Page 21 of 112

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