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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 58 of 111

#562 of 1097 Re: 07 X3 lease [jhyoo] by Car_man HOST

Nov 06, 2007 (4:32 am)

Replying to: jhyoo (Oct 11, 2007 7:09 am)
Hi jhyoo. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 X3 with 15,000 miles per year are .00225 and 75%, respectively. The numbers for an otherwise identical 36 month lease are .00225 and 65%. 15,000 miles per year is the highest mileage allowance that BMW FS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your lease and have to pay an excess mileage penalty.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#563 of 1097 To Car-Man by ckung

Oct 23, 2007 (4:54 pm)

Hi Car-man:
 
Any idea for the MF and % of residual of 36 terms on 2008 X3? Can I still get the MF=0.00165 and 69% for the 2008?
 
Thanks a lot

#564 of 1097 Re: To Car-Man [ckung] by Car_man HOST

Nov 06, 2007 (4:43 am)

Replying to: ckung (Oct 23, 2007 4:54 pm)
Here's the information that you're looking for, ckung. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW X3 with 15,000 miles per year are .00275 and 65%, respectively. BMW is providing a special .00065 reduction in the '08 X3's money factor for current BMW FS lessees.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#565 of 1097 Re: To Car-Man [Car_man] by ckung

Nov 07, 2007 (1:47 pm)

Replying to: Car_man (Nov 06, 2007 4:43 am)
Car-Men:
 
Thanks, What about % of residual for 10k and 12k? IN addition, do you expect the rate is going to drop in Dec?
Thanks a lot

#566 of 1097 Buying an X3 2005 after leasing it by reufim

Oct 25, 2007 (5:44 pm)

At the end of 2004, I leased a 2005 X3 2.5
I have decided to buy it at the end of my lease (coming up end of Nov 2007). It has 23,000 miles and is in perfect shape.
Can anyone give me advice on how to prepare well to buy this car - what I can do to get the best deal and avoid any over payments?
I have never bought a car after leasing it so am unsure on how it goes and how much negotiating room I have.
Any assistance is appreciated.

#567 of 1097 Re: Buying an X3 2005 after leasing it [reufim] by Car_man HOST

Nov 06, 2007 (4:52 am)

Replying to: reufim (Oct 25, 2007 5:44 pm)
Hi reufim. In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car or truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.
 
As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". If your vehicle's purchase price is reasonable, go for it. If not, there's no point in overpaying for your truck and you probably should just walk away from it at lease-end.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#568 of 1097 08 X3 by archivist

Nov 03, 2007 (10:01 pm)

Hi Car-Man:
 
Have 04 X3 Lease ending Nov, BMW FS does not want to 'extend' lease, but no dealers in area (meaning 300 miles away) have 07 or 08 units and/or everything is highly marked up. Have tried Internet but nothing seems to be close to my current lease price ($385). I drive < 10K/yr - Premium Pkg/Spt Pkg (not necessary or desired in next veh) but would like leather/lumbar. Trying to keep payments reasonable, but have not had any decent offers. As returning Lesee, I would think that BMW would try to retain a customer, but it seems just the opposite! Suggestions from you or anyone welcomed! Archivist - Colorado

#569 of 1097 Re: 08 X3 [archivist] by Car_man HOST

Nov 06, 2007 (5:01 am)

Replying to: archivist (Nov 03, 2007 10:01 pm)
Hi Archivist. Sorry to hear that you are having a hard time getting a good deal on the X3 that you want. The fact that no dealers in your area seem to have any inventory is definitely going to make it difficult to get a good deal. You can always try to work with a dealer in an area that has more competition and have the truck shipped to you or pick it up, but that is sort of a pain. Have you tried physically visiting some BMW dealers in your area, or are you just e-mailing and calling them? If you haven't done any face-to-face negotiating, give it a shot. Dealers are often more willing to provide attractive prices on vehicles in person then they are to quote a low price in an e-mail and then have it shopped around all over town.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#570 of 1097 Car_Man Response by archivist

Nov 06, 2007 (3:26 pm)

Hi Car-Man:
 
Thanks for the response, I have tried to negotiate directly and face to face with several dealers w/o much luck. Obviously, my timing is limited at this point, but I've gone out of the way to try and make a deal. What is most irritating is the lack of correspondence from BMW FS and/or the dealer(s) when looking at my lease end. I understand the BMW FS was offering a $ 404 lease in August for 07's but no one even approached or contacted me. It would seem that BMW is more interested in 'new' clients than current or existing ones as no offers even remotely approaching my lease have been forthcoming. Additionally, they seem to insist on massive amounts of cap reduction in order to even quote a decent lease. I'm now trying the Internet Brokers to see if anyone else is 'hungry'!
 
From the other responses, it would seem that the money factor for returning lessees should be 0.00225-0.00065 for 24 month w/75% resid for 07 and slightly more for 08 vehicles is that correct? What are you seeing for Cap Cost Reduction/Lease Fee Closing Costs for returning Lessees?
 
Thanks - Dave

#571 of 1097 Re: Car_Man Response [archivist] by matt716

Nov 06, 2007 (8:45 pm)

Replying to: archivist (Nov 06, 2007 3:26 pm)
I'm not sure what part of Colorado you are in, but there are six 07 X3's on the lot in Lincoln, Nebraska where I just bought my 08. That's about 6 hours from Denver. I know they want to move their 07's. Maybe give them a shot. www.huskerautogroup.com is the website. I got a decent deal out of em, though I was purchasing not leasing. Good Luck.

Messages Page 58 of 111

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