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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 60 of 110

#587 of 1097 Is this a good price? How much lower can I go? by pbphk

Jan 28, 2008 (11:05 pm)

Newbie on board -- Current lease on 330xi is expiring (in March) and now considering a 2008 X3. Went into first lease with blinkers on a couple of years ago -- I think the deal I got was pretty good simply based on my understanding of financing. Want to position myself to get the best deal this time and would appreciate any help/advice. Have received the following offer from dealer in North NJ
 
MSRP of $45,950 (Premium & Cold Package; Metallic Paint; Servotronic; Heated Steering Wheel; NAV System; Xenon Lights)
Cap Cost of $44,503
Residual of 78% (24mths 10k lease)
Money Factor of 0.00205
 
Monthly lease payment = ~$526
 
No cap cost reduction; taxes and all applicable fees upfront (~2700 including first payment)
My calc tells me they are making ~$2k over invoice which seems a lot (according to posts I've read) Realistically, how low can I go? A couple of other dealers within 20 miles but their also seems to be plenty of BMW X3's on the road (in and around NYC area) presumably meaning the demand is pretty good.
 
Thks

#588 of 1097 Re: Is this a good price? How much lower can I go? [pbphk] by eights38

Jan 29, 2008 (8:28 am)

Replying to: pbphk (Jan 28, 2008 11:05 pm)
pbphk - I think that you should be able to do better in northern NJ. What dealer are you working with?
 
If you need more help, please email me or reply.

#589 of 1097 Re: Is this a good price? How much lower can I go? [pbphk] by Car_man HOST

Feb 13, 2008 (5:56 am)

Replying to: pbphk (Jan 28, 2008 11:05 pm)
Welcome pbphk. Let's take a look at the deal that you were quoted. The money factor that you were quoted looks attractive. The other important factor is this vehicle's selling price. The dealer invoice price of the car that you described is around $42,265. This puts the selling price that you were quoted at around $2,200 over invoice. If you are in an area that has a decent level of competition (which you definitely are), I personally would not be surprised if you were able to do better than this. Try getting price quotes from a couple of other dealers. Also, make sure to stop by the BMW X3 Prices Paid discussion.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#590 of 1097 X3 Leasing questions by ghstudio

Feb 03, 2008 (12:50 pm)

Does BMW Finance still discount the finance rate for multiple security deposits? If so, what's the reduction per security deposit.
 
I had a BMW come off lease about 2 years ago....can I get the returning customer discount on the finance rate?
 
Anyone know the February residuals and finance factors for the X3...24 month and 36 month?

#591 of 1097 Re: X3 Leasing questions [ghstudio] by Car_man HOST

Feb 14, 2008 (3:23 am)

Replying to: ghstudio (Feb 03, 2008 12:50 pm)
Hey ghstudio. Yes, the last time that I checked BMW Financial Services still allowed lessees to make multiple security deposits. BMW FS will reduce vehicles' money factors by .00007 for each additional deposit, up to a maximum of seven.
 
Unfortunately, I believe that two years is too long ago to qualify for any sort of owner loyalty bonus.
 
BMW FS current buy rate lease money factor and residual value for a 24 month lease of a 2008 X3 with 15,000 miles per year are .00255 and 74%, respectively. The numbers for an otherwise identical 36 month lease are .00255 and 64%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#592 of 1097 Re: X3 Leasing questions [Car_man] by elizariev

Feb 17, 2008 (7:08 pm)

Replying to: Car_man (Feb 14, 2008 3:23 am)
Hi Car_Man,
 
My current X5 lease (thanks to you I got a good deal 3 years ago!) ends on February 25th and I'm thinking about leasing an X3 (or Infiniti EX35). How much is a loyalty bonus? How much should I expect to pay for a MSRP $41350? What is a dream lease for 36 months, 12,000 mi/yr in St. Louis, MO area?
 
Also, between X3 and EX35, which one do you recommend? On which am I likely to get a better deal on similarly equipped cars?
 
Thanks!

#593 of 1097 Re: X3 Leasing questions [elizariev] by Car_man HOST

Apr 02, 2008 (2:38 am)

Replying to: elizariev (Feb 17, 2008 7:08 pm)
Man, you're making me feel old, elizariev . Welcome back. BMW is providing a special money factor reduction for loyal customers on select models, but I have not heard about this program being available on the X3. I am not sure if it is. BMW Financial Services' current 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 .00255 and 66%, respectively.
 
Let's work up a sample lease payment on the truck that you're interested in. Using the above lease program, and MSRP of $41,350, and a selling price of $38,850 (a $2,500 discount, which is a good deal), I estimate that this truck's zero down, pre-tax monthly payment should be around $490.
 
I like the X3, but I have not had an opportunity to actually drive the EX35 yet, so I can't really give you an informed opinion on which one is better. In general, I usually prefer BMWs to Infinitis though.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#594 of 1097 Lease Assignment Fees? by ichor0416

Mar 03, 2008 (5:31 pm)

I have two months remaining on my '05 X3 and would like to terminate it by assigning/transferring the lease to someone else. A few people are interested because they need a 2 month rental and others are interested in buying out the car at the end of the lease term. My question: how easy is it to transfer a BMW lease and what kind of fees are associated with it. Will BMW inspect the car and provide a document that says that it's in good enough shape that when it's returned by the new lessee, there will be no damage fees?

#595 of 1097 Re: Lease Assignment Fees? [ichor0416] by kyfdx HOST

Mar 03, 2008 (8:17 pm)

Replying to: ichor0416 (Mar 03, 2008 5:31 pm)
I don't think BMWFS will allow you to transfer a lease within the last six months of the term...
 
Plus, even if they did, they charge the new lessee a $450 transfer fee.. That's a lot extra for just two months..

#596 of 1097 End of Lease by stevenyc

Mar 10, 2008 (2:21 pm)

I'm wondering what people's experiences are with the end-of-lease process. I may be a bit earlier but my 30 month lease expires in January. My mileage will be fine and I'm not worried about that. I do have a dog and some things are not in pristine condition. There is a pressure mark on the inside plastic surface of the rear door; a tiny pin-prick tear on the back seat, some scratches on the inside of the back seat glove holder (if that's what it's called) and a few other (hopefully) minor things. There are no dents on the exterior but one of the wheel rims got a good scratch from a curb and it grated off a bit.
 
I hope I don't come off as some careless driver but it's hard when you live and drive in NYC to avoid every obstacle. How particular are they about such things?

Messages Page 60 of 110

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