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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 30 of 111

#285 of 1097 Re: My 2006 X3 Deal, Is it good? [jpres11] by Car_man HOST

Oct 10, 2006 (2:26 am)

Replying to: jpres11 (Sep 20, 2006 11:34 am)
Hi jpres11. I believe that the dealer invoice price of the truck that you described is around $36,985. The selling price that you were quoted is $1,750 over dealer invoice. I don't know what the market is like for this truck in your specific area, but if I was in the market for one I personally would shoot for a little larger discount now that the 2007 models have begun to arrive at dealers. Make sure to stop by the following discussion to see how much other community members have paid for similar trucks lately: "BMW X3: Prices Paid & Buying Experience". Also, make sure that the dealer that you are working with uses BMW Financial Services' buy rate lease money factor of .00195 to calculate your truck's monthly payment.
 
Car_man
Host
Prices Paid Forum

#286 of 1097 Carman, can I get your advice by jeffal

Sep 22, 2006 (3:52 pm)

Carman,
 
I just received this offer from an Illinois dealer on a Lease for a 2006 X3. Please let me know if you think it's a great deal or not.
 
MSRP: $42,170.....(Dealer claims the selling price comes out to about $500 over invoice, but he did not give me the exact selling price)
 
TERMS: 36 months, 10K miles/year
Lease Quote: $570 per month (this quote includes IL tax)
 
TOTAL DUE at SIGNING: $1,395 (This includes $600 security deposit, first payment, a Doc Fee of 57.33 and new plates for 168.00)
 
Thanks for reading.

#287 of 1097 Re: Carman, can I get your advice [jeffal] by Car_man HOST

Oct 10, 2006 (2:28 am)

Replying to: jeffal (Sep 22, 2006 3:52 pm)
Hello jeffal. $500 over dealer invoice is a very good price for this truck. Just make sure to get its actual price so that you can verify that this is the price that you are actually being charged before signing on the dotted line. Also, make sure that the dealer you are working with is using BMW Financial Services' current buy rate lease money factor of .00195 to calculate your truck's monthly payment and you are in business.
 
Car_man
Host
Prices Paid Forum

#288 of 1097 X3 Leasing advise - A newcomer form Singapore by suniljs

Sep 23, 2006 (11:21 am)

hello carman / kyfdx,
 
Cld you pls advise on what I need to know and what should be a good deal on leasing a X3 here in West Hollowood?
I have just move from Singapore and am uncertain as to the leasing conditions here.
 
Many tks.

#289 of 1097 Re: X3 Leasing advise - A newcomer form Singapore [suniljs] by Car_man HOST

Oct 10, 2006 (2:36 am)

Replying to: suniljs (Sep 23, 2006 11:21 am)
Welcome suniljs. You definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. These articles contain all of the information that you will ever need to know to get a good deal on a leased vehicle.
 
The two most important numbers to focus on when leasing a new vehicle are its selling price and money factor. These are the two main areas of leases that dealers make money on. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Shop around and negotiate as low a selling price as you can on the X3 that you want and then have the dealer that gives you that price calculate its monthly payment using BMW Financial Services' buy rate money factor of .00195.
 
This about sums it up, but let me know if you have any other questions.
 
Car_man
Host
Prices Paid Forum

#290 of 1097 X3 Lease Deal in Oklahoma City by mbright1

Sep 26, 2006 (2:10 pm)

Hi Carman / kyfdx,
 
I am a newbie to leases and luxury cars. I have not signed any deals or paid any money down yet. I have an offer from the only bmw dealership in town that I would like to run by you.
 
Silver X3 Non-premium package (basic model, leatherette seats, etc)
 
MSRP: 38,884
Sale price: 37,384
Destination charge: 695
acquisition fee: 825 (I already know that should be 625), 12K mi/mo
MF: .00235 or 5.65%
24 mo
$417 mo payment
$2500 cash down
$4251 due at delivery
 
Can I get them to come down another $1000 on the price? They say they are taking a thousand five hundred off now.
For a non premium package it seems high.
Is this a good enough factor?
Please advise ASAP. I Appreciate any help. Mbright1

#291 of 1097 Re: X3 Lease Deal in Oklahoma City [mbright1] by Car_man HOST

Oct 10, 2006 (2:42 am)

Replying to: mbright1 (Sep 26, 2006 2:10 pm)
Greetings mbright1. For a newbie to the world of leasing, you did a great job at finding out all of the important information about the truck that you are interested in leasing. First let's take a look at the selling price that you were quoted. A base 2006 BMW X3 has a spread of a little over $3,100 between its full MSRP and dealer invoice price. You were quoted a discount of $1,500 on the specific model that you are considering leasing. I personally would want a little larger discount on a leftover 2006 X3 this late in the model year, but I suspect that the level of competition is not nearly as high in Oklahoma City as it is in my neck of the woods. If there are any other BMW dealers around you can always see if you can negotiate a slightly larger discount. If you can't, at least try to get the dealer that you are working with to eliminate the acquisition fee mark-up and to use BMW Financial Services' buy rate lease money factor of .00195 to calculate your X3's monthly payment.
 
Car_man
Host
Prices Paid Forum

#292 of 1097 Sorry forgot to add that its an 06 x3 by mbright1

Sep 26, 2006 (2:40 pm)

#293 of 1097 Lookee Here, 2007 X3 lease deal? HELP!!! by santainbox

Sep 30, 2006 (10:28 am)

I recently test drove a BMW X3, inquired to lease a 2007. With excellent credit, this was our offer: MSRP $41,920, my purchase price $40,355, 36mths 12k miles (I want 15k), Money Factor .00305, Residual 67% or $28,086, down payment
$3013.97, payment $549.54 + $43.69 = $593.23 monthly payment. The MF seems pretty high compared to what I've seen. The down payment too? Looking for advice, I could put down $1000 more and have a payment a bit higher to buy the car. I'm still test driving others, RX 350, RDX, but I really like the X3.
Please Help us!

#294 of 1097 Re: Lookee Here, 2007 X3 lease deal? HELP!!! [santainbox] by ashguy22

Oct 05, 2006 (9:37 am)

Replying to: santainbox (Sep 30, 2006 10:28 am)
Hi,
You have a few areas to improve your quote:
- Negotiated Price: You have $40355, some dealers are willing to knock close to $2000 off MSRP
- Money Factor: On 2007 X3, you can get 0.00265
- Any extra fees in your quote ($625 Acquisition is ok)?
 
Rest everything looks OK. Good luck!
Ash

Messages Page 30 of 111

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