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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 68 of 111

#664 of 1097 December 2008 Lease Numbers Up Yet? by crazydclawyer

Dec 02, 2008 (2:44 pm)

Dear CarMan -
 
Many thanks for all of the great info you provide out here! VERY Much appreciated.
 
Any word on the Dec. 2008 lease numbers? Too early? In partcular, looking for 2009 BMW X3, 12K miles/year.
 
Also, BMW just announed that sales of BMW brand vehicles decreased 36.1 percent in November for a total of 15,217 compared to 23,808 in November 2007. Year-to-date BMW brand sales were down 12.3 percent, to 231,053 vehicles compared to 263,596 vehicles sold in the same period in 2007. (Story here - http://www.forbes.com/prnewswire/feeds/prnewswire/2008/12/02/prnewswire200812021- 418PR_NEWS_USPR_____NYTU148.html)
 
Thanks CarMan!

#665 of 1097 Re: December 2008 Lease Numbers Up Yet? [crazydclawyer] by Car_man HOST

Dec 17, 2008 (7:32 pm)

Replying to: crazydclawyer (Dec 02, 2008 2:44 pm)
You're very welcome, crazydclawyer. I'm glad that you like this forum so much. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 X3 with 12,000 miles per year are .00190 and 62%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#666 of 1097 Assignment fee? by kawakibi

Dec 04, 2008 (3:21 pm)

I just got a breakdown for my lease and the dealer includes "assignment fee" for $925 - what is this? Is this marked up?
 
Also, he is marking up the MF at .165% - does this even make sense? Shouldn't it be .00165 regardless. Its obvious he is changing it because they sent me all four terms 24/30/36/42 months and they are all the same MF. Funny.
 
Any tips on negotiating the MFdown & what is an assignment fee?
THANKS!

#667 of 1097 Re: Assignment fee? [kawakibi] by jurgan

Dec 04, 2008 (3:39 pm)

Replying to: kawakibi (Dec 04, 2008 3:21 pm)
Kawakibi,
 
I don't know about assignment fee, maybe Carman can help. But on my last lease on X3, there was no such thing.
 
On the MF, a dealer I talked to said that they are allowed to mark it up by 0.0004. It adds up to about 1% more on the rate. On a typical X3 lease, that could add up to $500-600 a year. In essence they double dip on you.
 
My suggestion is to try to negotiate and if they won't budge, go to other dealers.

#668 of 1097 Re: Assignment fee? [kawakibi] by billmv

Dec 04, 2008 (4:11 pm)

Replying to: kawakibi (Dec 04, 2008 3:21 pm)
kawakibi..........Ask your dealer if it's another name for the "bank fee." The bank fee is OK, and I think it's about $695 or $725 now on all BMW FS leases. If it's in addition to the bank fee, then it's a "bend over" fee. If it's the bank fee, just marked up, tell him you won't pay more than the BMW FS standard fee. Search recent forums here and in other BMW models to find out.
 
The money factor is usually the same up through 36 months. It jumps at 48. 42 I don't know about. They've probably kept it the same to 42.
 
You can also find out the Dec MF by searching recent posts.
 
Do yourself a favor and check with another dealer.

#669 of 1097 Re: Assignment fee? [billmv] by kawakibi

Dec 04, 2008 (5:44 pm)

Replying to: billmv (Dec 04, 2008 4:11 pm)
Thanks guys..... I think its the "Bank Fee" - they marked up the MF why wouldn't they also mark up the Bank Fee - right.
 
I am dealing with other dealers, but this one quoted me $80 over invoice on a 2009 328i. Of course they have a $599 Dealer Fee - plus all these mark ups. I'm thinking if I can get all these lease terms legit. I have a good deal for a 2009 BMW with Premium/comfort/ipod/integration for $37,500 - MSRP is $39,950. Not a bad discount ($2,450) for a 2009. Right?

#670 of 1097 Re: Assignment fee? [kawakibi] by Car_man HOST

Dec 17, 2008 (7:42 pm)

Replying to: kawakibi (Dec 04, 2008 3:21 pm)
Hi kawakibi. It sounds like the dealer is calling this car's acquisition fee an assignment fee. BMW Financial Services charges a $725 acquisition fee on every vehicle that it leases. The dealer is marking that fee up by $200 on your deal.
 
Also, BMW Financial Services' current buy rate lease money factor for the 2008 X3 is .00125. The dealer is marking this up as well. If you live in an area that has a decent level of competition you should be able to get the dealer to charge you the base money factor and acquisition fee.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#671 of 1097 2008 X3 Lease by pitthockey

Dec 14, 2008 (7:24 am)

Just leased a 2008 Service Loaner with 4500 miles. Here are the specs:
 
MSRP 45,300
Sales 39,783
 
Net Cap 39,033
Res 28,389.60 (63%)
MF: .0014
 
Base Month 390.04
Use Tax 35.10 (purchased out of state)
 
Total Lease Payment 425.14
 
Monaco Blue
Xenon
Sport Activity Package
Cold Weather
Heated Steering wheel
Premium

#672 of 1097 Re: 2008 X3 Lease [pitthockey] by pitthockey

Dec 14, 2008 (8:45 pm)

Replying to: pitthockey (Dec 14, 2008 7:24 am)
12,000 miles per year.

#673 of 1097 Re: 2008 X3 Lease [pitthockey] by Car_man HOST

Dec 18, 2008 (3:43 am)

Replying to: pitthockey (Dec 14, 2008 7:24 am)
Congratulations on getting your new X3, pitthockey. Thanks for taking the time to share the details of your lease with everyone. If you haven't already, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience. Enjoy your new ride !
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 68 of 111

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