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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 59 of 110

#577 of 1097 Re: lease question? [niclaf77] by Car_man HOST

Dec 20, 2007 (3:17 am)

Replying to: niclaf77 (Nov 29, 2007 12:03 pm)
Greetings niclaf77. BMW Financial Services' December buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW X3 with 12,000 miles per year are .00270 and 67%, respectively. The numbers for an otherwise identical 42 month lease are .00270 and 53%.
 
At lease signing, you will have to pay your first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment, BMW FS' $625 acquisition fee, and any required state taxes or fees. BMW FS will waive its security deposit requirement in exchange for a .00015 increase in your vehicle's money factor. You should be able to add most of the other fees to your X3's capitalized cost to make them part of your monthly payment if you want to.
 
BMW is not currently providing any cash incentives on this model.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#578 of 1097 Re: lease question? [Car_man] by kelmag

Jan 01, 2008 (12:07 pm)

Replying to: Car_man (Dec 20, 2007 3:17 am)
Carman - thanks for the info on lease money factors and residuals and the $625 acquisition fee. Does BMW Fin. Svcs. charge an end of lease disposition fee or any other fees? My insurance company has a car buying agreement that apparently will allow me to buy (or lease I would guess) an X3 for invoice plus $1,000 regardless of options and accessories. Sounds like a good deal but I don't want to walk into the final closing and be hit with extra "fees" larded into the deal to add to their profit. It appears the acquisition fee of $625 and a document fee of about $50 is legit plus tax and license - anything else I can expect? Thanks.

#579 of 1097 Re: lease question? [kelmag] by Car_man HOST

Jan 11, 2008 (4:34 am)

Replying to: kelmag (Jan 01, 2008 12:07 pm)
No problem, kelmag. I believe that BMW Financial Services charges a $350 disposition fee at lease-end. It will usually waive this charge for consumers who opt to lease another vehicle through them. BMW FS also charges a security deposit that's equivalent to your vehicle's monthly payment rounded up to the nearest $50 increment at lease signing. It will waive its security deposit requirement for returning lessees. For non-loyal customers, it will waive the security deposit in exchange for a .00015 increase in the money factor that is used to calculate their monthly payment.
 
$1,000 over dealer invoice is not a bad deal, but it's not that special either. Any consumer who is an area that has a decent level of competition would probably be able to negotiate a selling price of $1,000 over on their own. It wouldn't hurt to stop by the "BMW X3 Prices Paid and Buying Experience" discussion to see how much other community members have paid for their X3s lately.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#580 of 1097 December update: X3 by koberry

Dec 04, 2007 (6:46 pm)

Hi Carman:
 
I held off hoping December lease support might improve... can you lend a hand with residual & mf for 36 & 24 months at 15k miles/year?
 
Thanks,
 
Ken

#581 of 1097 Re: December update: X3 [koberry] by koberry

Dec 08, 2007 (7:04 am)

Replying to: koberry (Dec 04, 2007 6:46 pm)
Here are the deals I have on the table for a 2008 X3, configured with Premium Package, Servotronic steering, xenon headlights, privacy glass, heated front seats, heated steering wheel, alpine white (no charge):
 
24 Month Lease
15,000 miles per year
MSRP $43525.00
SALE PRICE $41425.00
LEASE END VALUE $32643.75 (75%)
MO PAYMENT $620.54 INCLUDING TAX
DUE AT SIGNING $1756.70 (650 SEC. DEPOSIT INCLUDED)
MONEY FACTOR .00270
  
--------------------------------------------------------------------------------- -----------------
36MO
15000 PER YEAR
MSRP $43525.00
SALE PRICE $41425.00
LEASE END VALUE $28291.25 (65%)
MO PAYMENT $595.55 INCLUDING TAX
DUE AT SIGNING $1731.71 (650 SEC. DEPOSIT INCLUDED)
MONEY FACTOR .00270
  
The selling price for the car is $41425, which is $1365 over invoice, but the dealer has to pay MAKO and Training Fees that aren't on the invoice, which brings my cost to $985 over 'invoice'...
 
This seems to be a great deal for this car. The only rub is that I have an even more aggressive deal from Acura on their RDX base that's basically at invoice and monthly payments for 36 months ~$453/mo with no cap cost reduction....
 
I'm stuck - $595/mo for the X3 or $453/mo for the RDX.... simple economics will probably win out, but I prefer the X3 (narrowly).
 
hope this helps someone.
 
Ken

#582 of 1097 Re: December update: X3 [koberry] by Car_man HOST

Dec 20, 2007 (3:19 am)

Replying to: koberry (Dec 04, 2007 6:46 pm)
Hey Ken. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 BMW X3 with 15,000 miles per year are .00270 and 75%, respectively. The numbers for an otherwise identical 36 month lease are .00270 and 65%. Good luck and let me know if you need anything else.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#583 of 1097 help with my lease by maritza2

Dec 13, 2007 (5:19 pm)

Hi Car Man,
My name is Maritza and my lease is up 1-28-08 (BMW x5).
I don't think I did a good job with leasing my BMW and would like your help in this new lease offer. Please let me know what you think. Thank you.
1. 2008 328xi
2. white with black interior
3. automatic
4. NO EXTRA PACAGE
5. 3 year lease
5. 15000 miles a yr.
6. MSRP $36,350 (invoice $33,540) includes the destination charge
7. Due at signing; saleman states around $2,475.69 to $2,793.00
   1. 1st month 459.46
   2. security deposit $ 0
   3. title fee $ 0
   4. registration fee $57.75
   5. license fee $0
   6. Bank fee $ 625
   7. Sales tax (7.37%) $1,265.98
   8. No cap reduction fee $ 0
   9. Documentation fee $45.
   10. Tire Recycle fee $12.50
   11. Inspection fee $10.
   Please let me know what you think. Are there any other fees that he might come up with when I do go in for signing? He stated that the bank fee was a fee which the bank charges for doing the paper work. Is this true? Is there anyway thing I can do to negotiate this contract and make my monthly fee less because I have a couple of thousand dollar I have to pay for over mileage when I return my x5?

#584 of 1097 Re: help with my lease [maritza2] by Car_man HOST

Dec 20, 2007 (3:22 am)

Replying to: maritza2 (Dec 13, 2007 5:19 pm)
Hello maritza2. You never mentioned the selling price of the 3-Series that you are interested in leasing. This is an important number 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 the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
 
This particular discussion is for community members to talk about leasing the BMW X3. Please post the information that I requested over in the BMW 3-Series discussion. Thanks.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#585 of 1097 Help needed!!! Buy off or Lease New... by paowow

Jan 20, 2008 (6:47 pm)

My 2005 325i lease ends this month and need help deciding whether to buy off my current car or lease a new 328i...
 
My Current Car
 
2005 325i w/ no options except metallic paint and Auto Trans.
current Mileage :28100
Residual: $18730
 
  
Lease Deal offered
 
2008 328i with PREM PKG, iPOD Adapter
MSRP: $38100
36 month lease / 10000 miles per year
Total Drive off : $1000
Monthly Payment :$449+tax ($459+tax if 12000 miles per year)
Residual $24383
 
Help me decide!!!
 
Thank you in advance...
 
And if I keep my current car, is certifying it worth it?? (dealer said it costs $3000, but it will extend the warranty to 6yr/100Kmile and BMWFS will lower my finance rate to 3.9%)

#586 of 1097 Re: Help needed!!! Buy off or Lease New... [paowow] by Car_man HOST

Feb 13, 2008 (5:44 am)

Replying to: paowow (Jan 20, 2008 6:47 pm)
Hi paowow. This particular discussion is for community members to talk about leasing the X3. You will have better luck getting an answer to your questions about leasing a 3-Series by posting over in the BMW 3-Series Leasing discussion.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 59 of 110

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