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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 69 of 110

#681 of 1097 Re: 2008 X3 Lease from a Northern California dealership [michael2008] by nickr1

Mar 09, 2009 (11:06 am)

Replying to: michael2008 (Dec 27, 2008 10:22 pm)
To put it in perspective, a similarly specked Land Rover LR2 with an almost identical price, $42,000 is $2,500 down and $660/month for 36 months. However, your feeling that the BMW rate of 618.81 is too high is correct in the sense that it can be lower if the dealer is motivated to lower it. He will tell you that it's the price that BMW sets but that's not true if he's motivated and willing to eat some of his own profit, which unfortunately, BMW dealers almost never do because they think they don't have to.
 
Dealer to dealer deals can be a little different so check with at least two other dealers, and get an internet price, most dealers have an email guy that answers lease questions for internet only deals. It's a lot easier than driving in and haggling, internet deals are sometimes a little lower. Give them your exact spec but don't tell them you are shopping or already know what it is. Good luck.

#682 of 1097 2008 X3 Lease from a Northern California dealership by michael2008

Dec 27, 2008 (10:23 pm)

Sorry, it's a 36-month lease with 12,000 miles per year.

#683 of 1097 new 09 X3 lease info by nberg

Dec 28, 2008 (5:07 pm)

i just visited dealer for 2009 X3 metallic black leather seats heated seats and steering wheel and privacy glass. $ 3700 up front( fees/deposit/first month payment).
 3 year lease/ 30,000 miles. $ 550 incl taxes. does this seem like a ball park figure to start? how close to invoice price can i get for my cap cost?

#684 of 1097 Re: new 09 X3 lease info [nberg] by Car_man HOST

Jan 06, 2009 (4:56 am)

Replying to: nberg (Dec 28, 2008 5:07 pm)
Hi nberg. You should be able to get an idea of how much you will have to pay for this truck at this time by visiting the "BMW X3 Prices Paid and Buying Experience" discussion. If I was in the market for an X3 right now, I personally would shoot for a couple hundred dollars over dealer invoice and see what happens.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#685 of 1097 Considering n X3 lease...need advice by JWSBMWM3

Jan 03, 2009 (7:23 pm)

Vehicle=2008 White
  Cold Weather
  Premium
  Sport
  Servotronic
MSRP = 44925 w/dest
Net cap cost = 42,925 ( invoice appears to be 42070)
Res% = 0.6 X Net cap
MF = 0.0014
Zero down (taxes and fees only...no wierd fees noted)
Monthly payment, pre tax = 573
 
Need some advice cuz I notice that Res% and MF seem to move around month to month. Also need the latest info on current (Jan/09) #s for this because at the dealer they told me the Res% is now .42 or so on 2009s. Also what might be the same numbers if I buy a leftover 08? Also noticed in my little Excel sheet that residual%s diffs of 2 or 3 make a pretty big difference...

#686 of 1097 Re: Considering n X3 lease...need advice [JWSBMWM3] by Car_man HOST

Jan 06, 2009 (5:18 am)

Replying to: JWSBMWM3 (Jan 03, 2009 7:23 pm)
Hi JWSBMWM3. BMW Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2008 X3 with 15,000 miles per year are .00125 and 60%, respectively. This truck's 12,000 mile per year residual value is 2% higher and its 10k resid is 3% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#687 of 1097 Purchasing after the lease by mnovodvor

Jan 25, 2009 (9:01 pm)

I am about to return my 2006 X3 ( white+leather+heated seats)
I believe my residual value is about 27,000.
Do you think I have a chance to buy it back for 23,500 - 24,000?
Who should i negotiate with? BNW FS? dealer?
I would appreciate your advice.
 
michael

#688 of 1097 Re: Purchasing after the lease [mnovodvor] by billmv

Jan 25, 2009 (11:34 pm)

Replying to: mnovodvor (Jan 25, 2009 9:01 pm)
You need to call BWMFS, not the dealer. Just ask what them what they'll sell it to you for. Tell them you need their very best deal, as you will be making your return/buy decision based on that number. Theoretically they do not want to have a vehicle on their hands that they have to sell. They'll either look at it as turning it into a CPO or getting rid of it at auction. CPO means cost to them.
 
Let everybody know how that discussion turns out.

#689 of 1097 Re: Purchasing after the lease [billmv] by mnovodvor

Feb 16, 2009 (10:09 am)

Replying to: billmv (Jan 25, 2009 11:34 pm)
I have a deal with BMW Manhattan dealer to purchase back my X3
after the lease.
 
2006 X3 30,000 Miles White leather + heated seats
Residual 25,700
 
BMW will convert it into CPO and sell it back to me for $22,000
 
I need to return the car after the lease - can't wait for new X3 or Q5 or Volvo ( was thinking about GLK though... ) - there is not much else on the market I would be interested in and current lease terms are not that good.
 
Good deal?
 
Michael

#690 of 1097 Re: Purchasing after the lease [mnovodvor] by mnovodvor

Feb 16, 2009 (1:47 pm)

Replying to: mnovodvor (Feb 16, 2009 10:09 am)
Spoke too soon...
  
The final deal is $23,500 with 0.9 financing.
  
Still not bad I think but much worse than 22K ( Dealer said that made a mistake with previous quote)
Michael

Messages Page 69 of 110

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