Last post on Dec 08, 2013 at 9:58 AM
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BMW X3, Car Leasing, SUV
#5 of 1201 Re: BMW X3: Lease Questions [gtreger]
Aug 14, 2006 (3:48 am)
Hi gtreger. I can give you an idea of what BMW's current lease program for this model is like. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 X3 with 15,000 miles per year are .00195 and 65%, respectively. This buy rate lease money factor is set by BMW and individual dealers do not have the authority to lower it, however dealers are allowed to mark vehicles' money factors up to add additional hidden back-end profit to deals. BMW dealers are notorious for marking up vehicles' money factors.
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#6 of 1201 Re: BMW X3: Lease Questions [Car_man]
Aug 14, 2006 (7:50 am)
Let me start by saying that I do sell BMW.s for a living.
Obviously some people think that all car sales people are evil and just want to take them to the cleaners. Hopefully not all people think the same way. I am sur I will be flamed but hopefully people here are intelligent and educated enough to have a productive deiscussion here.
Profit is nat evil. It's what makes the economy work. If there were no profit to be made selling products then they simply would not be sold. Of course a dealer does not want to sell a car for no profit nor do they want to sell the finance and make zero profit. Of course one needs to negotiate a resonable profit and thats where things get tricky. All dealers will mark up their buy rate to some extent to earn a profit, not just BMW dealers.
Again, profit is not a bad thing. If the company you work for did not make a profit I can guarantee you they would not be able to pay you for long and would go out of business soon.
#7 of 1201 Re: BMW X3: Lease Questions [Car_man]
Sep 13, 2006 (2:48 am)
I have a 2005 Element EX that they are going to take on trade and give me $14000 and
I owe $18000 on it at 10.9%. I would be getting a 2006 BMW X3 with the sport, premium and upgraded
sound system MSRP is around $42k. With $3000 down my payments are $639 for a 36 month
12k/year lease. Is this a good deal? Any suggestions on what I can do to better this? They
claim they are already at $500 over invoice I think I have a money factor of .00025 but I need to clarify that. My Fico score is only 677 so I know I won't qualify for the best rate. I would I lower my payments by going to a 39 month lease ?
#8 of 1201 Re: BMW X3: Lease Questions [jkmiec]
Sep 18, 2006 (1:29 am)
Hi jkmiec. You never mentioned the selling price or MSRP of the vehicle that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.
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#9 of 1201 BMW Financial Question on New Lease Negative Trade
Feb 20, 2007 (3:54 pm)
What is the Max Cap cost BMW Financial will accept on a lease?
I have a Toyota I would like to trade in.
I believe I read the Acq is $695.
I am looking at a 36 month lease 12K miles per year. Do you know the MF and Residual for those terms?
#10 of 1201 Re: BMW Financial Question on New Lease Negative Trade [susanj92009]
Feb 23, 2007 (3:55 am)
Hi susanj92009. I believe that the maximum amount that can be financed on a leased vehicle is based upon a percentage of the MSRP of the vehicle that is being leased. I'm not sure where BMW Financial Services caps the capitalized cost, but it is probably somewhere around 105% of MSRP or so. Perhaps someone else out there can provide a little more insight on this subject.
BMW Financial Services' base lease acquisition fee is $625. Its current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW X3 with 12,000 miles per year are .00200 and 67%, respectively.
Prices Paid Forum
#11 of 1201 Re: BMW X3: Lease Questions [Car_man]
Jun 29, 2007 (10:34 am)
My dealer has offered the following deal:
2007 BMW X3 in Alpine White with Sand Beige Leatherette and equipped with auto transmission, heated steering wheel and front seats as well as privacy glass. MSRP is $40025. The current "price" is $39325. Money factor appears to be .00255, term is 36 months with 10K miles. They have me paying $5300 at signing ($450 is security dep.). Taxes are listed as $3683 - our sales tax rate here is 7.55%. The monthly lease payment is $448.23. I want to pay nothing down and negotiate to a net capital price of $38000 or pay $1000 down for a net capital price of $37000. I cannot understand why the need for the $5300 down - it doesn't add up. What are they doing?????
#12 of 1201 Re: BMW X3: Lease Questions [helayna]
Jun 29, 2007 (11:03 am)
Are you paying all of the sales tax for the lease up front?
If so the sales tax plus security deposit plus the first payment nearly equals 5,300 dollars. Throw in a few hundred dollars for registration, plates and doc fee and you have 5,300 dollars.
#13 of 1201 Re: BMW X3: Lease Questions [helayna]
by kyfdx@Edmunds HOST
Jun 29, 2007 (11:49 am)
This looks like a bad deal.. even if you are paying all of the tax upfront..
Also, that tax amount is huge... do you live in Illinois or Texas?
#14 of 1201 Re: BMW X3: Lease Questions [helayna]
Jun 29, 2007 (11:52 am)
Your sales tax also seems way too high.