Last post on Dec 08, 2013 at 9:58 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
BMW X3, Car Leasing, SUV
#457 of 1201 Re: Do I have a decent offer? [jimabood]
May 04, 2007 (1:26 am)
Hi jimabood. The selling price that you were quoted for the X3 that you are interested in is around $1,800 over invoice. If you are in an area that has a decent level of competition, you may want to shop around to see if you can do a little better than that, say $1,000 over. There's no guarantee that you will be able to, but it doesn't hurt to try. 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".
The money factor that you were quoted for this truck is a little high. BMW Financial Services' latest buy rate lease money factor and residual value for a 24 month lease of a 2007 BMW X3 with 12,000 miles per year are .00215 and 77%, respectively with the payment of a security deposit at lease signing. Make sure that this is the money factor that the dealer uses to calculate your truck's monthly payment.
Prices Paid Forum
#458 of 1201 X3 lease quote
Mar 06, 2007 (12:53 pm)
Hey, first new car and first experience with leasing. I met with the Internet Sales Manager today and he offered the below. I would greatly appreciate any help in this process. Noticed when walking around afterwards that there are only 3 X3's on the lot and have heard from several sources that they are leasing very quickly in the area (Winter Park, FL...just outside of Orlando). Said he would not move on the price or Money Factor.
X3 - premium package,xenon headlights, bluetooth, privacy glass, metallic paint.etc
-36 month, 15K miles/year
-Sell price = $41,970
-MF = 0.00225
-Tax, tag, title: $339
-Document fee: $300
-Acquisition fee: did not state in initial meeting.
-Security deposit: $580
Lease: $530 before taxes.
What do you think of this deal?
#459 of 1201 Re: X3 lease quote [t_ho]
May 04, 2007 (1:31 am)
Welcome t_ho. Since you are new to the world of leasing, 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.
The money factor that you were quoted for this truck looks about right to me. The truck that you described probably has a spread of around $3,500 between its full MSRP and its dealer invoice price. So you are at around $1,200 over invoice, which isn't too bad if X3s are selling as well in your area as you described. If you like the truck, I personally don't see any reason not to go for it.
Prices Paid Forum
#460 of 1201 Under miles - benifit???
Mar 08, 2007 (6:00 pm)
I am new to this site and currently in my first lease. I currently have an 04' X3 w. about 16K on it in it's final year of a 3 year/ 30k mile lease; my first question would be if BMW has some sort of reinbursement or benifit to me for the added value due to the lower mileage????
Second question would be if anyone has used their BMW C.C. benifits toward their current lease - "up to 5ktowards your lease" - is this as simple and straight forward as it is presented????
I love the fact that this website exists - I have read the posts for some time now. This is my first post and it has been coming for some time now..My current lease is up in Sept. 07' and I intend on releasing another X3... hopefully by then the new 3 series 300 hp engine will be an option.
One last question - sorry - do you reciweve the same discounts when you order a custom X3????
Thanx for the help, you guys are a great resource....
#461 of 1201 Re: Under miles - benifit??? [jojo718]
May 04, 2007 (1:39 am)
Welcome jojo718. Unfortunately, you will not receive any refund from BMW for the miles that you did not use during your lease. While I suppose it might be possible to purchase your vehicle at the end of your lease and then turn around and sell it or trade it in for a profit if you were enough under your allowed mileage, given how artificially inflated BMW Financial Services' residual values are it is unlikely that you would be able to make money doing this.
The selling prices of ordered vehicles are negotiable, just like vehicles that dealers have in inventory. Having said this, most dealers prefer to sell a vehicle that they already have in stock to ordering one for a customer. This is for two reasons. One, dealers are constantly paying floorplan interest on the vehicles that they have on their lot. The sooner they sell them, the sooner they can stop paying interest on them. The second reason can be described using the old saying "a bird in hand is worth two in the bush." From the dealership's perspective, the sooner you drive off in your new vehicle the better. A lot can happen to sour a deal on an ordered vehicle over the course of several months. Dealers would rather book a deal immediately than risk losing it by waiting.
Prices Paid Forum
#462 of 1201 Re: Under miles - benifit??? [Car_man]
May 29, 2007 (10:06 am)
Thanx for the follow-up "Car Man". Do you know anything about the Credit Card points.. have you or anyone cashed those in??? Was it straight forward or not??? I'm gonna take the hit on the miles, but probably order my custom vehicle. Any further advise you can offer will be greatly appreciated....
#463 of 1201 Re: Under miles - benifit??? [jojo718]
Jun 05, 2007 (2:08 am)
You're welcome, jojo718. I've never used credit card points on a BMW before, but doing so shouldn't be difficult. Negotiate the best possible deal that you can on the vehicle that you want and then tell the dealer that you would like to have your earned points subtracted from that.
Prices Paid Forum
#464 of 1201 Re: Under miles - benifit??? [Car_man]
Jun 12, 2007 (12:29 pm)
I will. There is still a few months until I actually get my new X3. I will post the results once I have started and finalized the process. For those who read this post, you can earn points on the BMW Visa and use them towards your next lease. I will let everyone know how that plays out once I have done so. If anyone has had this experience already, please share with me......
Does anyone know if they are going to drop the 300hp 3 series engine in the X3 and when?????
#465 of 1201 Quick question, getting ready to lease
Mar 12, 2007 (2:31 am)
Hello all, I'm looking to lease a 07 X3 w/ MSRP $43920 and sell price of $41600. What is the proper money factor and residual % that I should be looking for on a 36month 12K year lease with zero down? What would the payment be based on these factors?
Thank you for your help and a wonderful site....
#466 of 1201 Re: Quick question, getting ready to lease [drews1]
May 04, 2007 (1:41 am)
I'm glad that you enjoy this site so much, drews1. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMWX3 with 12,000 miles per year are .00215 and 67%, respectively. Using these numbers, an MSRP of $43,920, and a selling price of $41,600, I estimate that this truck's zero down, pre-tax monthly payment should be around $491.
Prices Paid Forum