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BMW X3, Car Leasing, SUV
#291 of 1204 Re: X3 Lease Deal in Oklahoma City [mbright1]
Oct 10, 2006 (1:42 am)
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.
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#292 of 1204 Sorry forgot to add that its an 06 x3
Sep 26, 2006 (1:40 pm)
#293 of 1204 Lookee Here, 2007 X3 lease deal? HELP!!!
Sep 30, 2006 (9:28 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 1204 Re: Lookee Here, 2007 X3 lease deal? HELP!!! [santainbox]
Oct 05, 2006 (8:37 am)
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!
#295 of 1204 Re: Lookee Here, 2007 X3 lease deal? HELP!!! [santainbox]
Oct 10, 2006 (1:47 am)
Hi santainbox. Ash gave you great advice. The only thing that I'd add to it is that BMW made a fairly significant enhancement to the 2007 X3's lease program for the month of October. It's new buy rate lease money factor is .00200. Make sure that you get the dealer that you are working with to use this factor to calculate your truck's lease payment.
Prices Paid Forum
#296 of 1204 Re: Lookee Here, 2007 X3 lease deal? HELP!!! [Car_man]
Oct 10, 2006 (11:53 pm)
Kdfyx just said on the other forum that the 36/15k residuals for the '06 and '07 X3 were virtually identical. 65%. For purposes of clarification, could you confirm for me what the RVs are for the '07 for 36/12k and 36/15k? The usual 2% higher for 12k? Gotta run my numbers!
Acq fee still $625 on the 07s? Also, do you know what BMW's typical disposition fee is at the end of their leases, if any? I've never leased a BMW before.
#297 of 1204 Re: Lookee Here, 2007 X3 lease deal? HELP!!! [billmv]
Oct 30, 2006 (3:31 am)
I sure can, billmv. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 X3 with 15,000 miles per year are .00200 and 65%, respectively. Yes, if you were to lease this truck with only 12,000 miles per year as usual, its residual value would be 2% higher. BMW FS' acquisition fee is still $625 as well. I believe that BMW FS charges a disposition fee of $350.
Prices Paid Forum
#298 of 1204 Program info [Car_man]
Oct 31, 2006 (11:24 pm)
Thanks, Car Man. Couldn't get to enough SF Bay Area dealers by end of business today to get in on the October programs, so it looks like I'll be doing something on an '07 X3 or an '06 X5 3.0 soon. Got it narrowed down to those two. If you could let us know what the November programs are for them I'm sure many of us would appreciate it.
By the way, thanks for all your good work on these forums. kyfdx too.
#299 of 1204 Re: Program info [billmv]
Nov 13, 2006 (12:32 pm)
2007 BMW X3 Wagon 3.0si 4WD
24 mo/15k mi – Residual Value 75% of MSRP – .00150 Base Money Factor Rate
36 mo/15k mi – Residual Value 65% of MSRP – .00150 Base Money Factor Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00322 Base Money Factor Rate
#300 of 1204 Re: Program info [gokhangulec]
Nov 19, 2006 (2:57 am)
Does anyone have the current money factor from BMWFS for 24 and 36 months at 12K miles/year? Thanks for any guidance! oc24