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BMW X3, Car Leasing, SUV
#713 of 1201 X3 lease end residual question
Oct 26, 2009 (8:06 am)
I'm coming in at the end of December on my 3yr 2007 X3 lease. Sport pkg, premium pkg, cold weather pkg; no navigation. My cap cost reduction pmt was $2974, monthly pmts made total $22248, contract residual value is $30799. I've been happy with the vehicle and would like to purchase it. I've seen some blogs where people have claimed to get as much as $9000 off the residual from BMWFS.
Anyone else have experience with BMW reducing the residual amount to entice a lease-end purchase?
#714 of 1201 Lease Factors and Residual Values
Dec 12, 2009 (6:12 am)
Anyone know the lease money factor and residual values for the 2010 X3? Need 10,000, 12,000 and 15,000 mile values.
#715 of 1201 Re: Lease Factors and Residual Values [poorboytoo]
Dec 14, 2009 (6:38 pm)
I am also interested, '10 X3 10,000 miles, 39, 36 or 24 lease specials? Please advise on the money factor and residuals. Thanks.
#716 of 1201 Re: Lease Factors and Residual Values [poorboytoo]
Jan 07, 2010 (3:09 am)
Hi poorboytoo. Sorry for the delay in my response. I took some time off for the holidays. Here's the new January numbers for the vehicle that you're interested in.
BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2010 BMX X3 with 15,000 miles per year are .00250 and 57%, respectively.
This truck's 12,000 mile per year residual value is 2% higher. Its 10,000 mile per year residual is 3% higher.
Prices Paid: Buying & Leasing Experiences Forum
#717 of 1201 Re: Lease Factors and Residual Values [tmasjr]
Jan 07, 2010 (3:11 am)
Hi tmasjr. I don't believe that BMW is currently offering 39 month leases on the X3.
Please see my previous post for the 36-month data that you're interested in.
BMW FS' money factor for 24-month leases is the same, but its 24-month, 10,000 mile per year residual value for the 2010 X3 is 66%.
Prices Paid: Buying & Leasing Experiences Forum
#718 of 1201 end of x3 lease, what now
May 09, 2010 (9:10 pm)
It's been three years and now my lease is coming to an end. I have been paying $420/month on a 36 month/10000 lease. I called BMW, dealer and financial services to see what my options were. I told them that I would like to go lower on payments, couldn't effort to put any money down, but would be interested in extending the lease, buying this car, getting a pre owned or changing into another model, and they totally blew me off. To buy this car, which , with 18 000 on it, now has a value of 27 000 plus tax on a 60 month plan would cost me over 600 month, the 2011 x3 would come to over 600 month on the same kind of lease that I had before, didn't even ask if I had to put money down for that, and for under $420, she couldn't even put me into a regular 3 series. She told me that I could possible extend my lease for 18 month at the same rate, which I thought was weird. Why would I wanna pay the same monthly rate on a 3 year old car, as I was paying for it when it was new, and she told me that I wasn't being charged any tax right now. I am confused. I have been driving BMW's for the last 12 years, and just felt that she blew me off. Is BMW doing that well that they don't even try to work with you or try to find something that would work with my budget, as the lease end letter promises. I told her I was willing to go with a used car...I'd like to stay with a german car, and possible with the same kind of size car, to fit kids and toys, and their bikes and scooters in, any suggestions? Best case scenario: no money down, $300/month...I know this is all over the place, and possible not even in the right category...just really frazzeled right now.
#719 of 1201 Re: end of x3 lease, what now [hugo5]
by kyfdx@Edmunds HOST
May 10, 2010 (4:36 am)
German... for $300/mo.? The only thing that comes to mind is a Golf or a Jetta...
They aren't BMWs, but are pretty nice cars..
As far as why you would re-lease for $420/mo.? Because the payments on a new one are $600++. Might not be a great deal, but if you want to stay in the same type/make/model of vehicle, it's really your only choice.. You can't really lease any new BMW for under $500/mo., without some money upfront.
X3 leases from '06 to '08 models were dirt cheap... extremely low in comparison to their MSRPs... Those deals are hard to come by..
#720 of 1201 Re: end of x3 lease, what now [kyfdx]
May 10, 2010 (5:52 am)
The passat might be possible for under $500 zero down. There are also some deals on Audi 4's with few options other than heated seats. Check out the Tiguan as well.
#721 of 1201 Re: end of x3 lease, what now [kyfdx]
May 10, 2010 (3:06 pm)
I guess I am gonna have to give up on the BMW experience. The lowest I got so far is same price around $420/month with $2700 down including 8.875 tax for a 328i
I don't have the down pay and I can't swing the $420/month anymore.. I checked VW's incl Tiguan, Passat and Jetta and it seems that without money down, teh only thing close is a real basic Jetta...Aren't we in a recession? Here is what I got offered for Passat and Tiguan:
2.) Passat, automatic transmission, Komfort model.
370/month with 2,600 up front
3.) Tiguan, front wheel drive and auto transmission, Wolfsburg model.
359/month with 2,400 up front.
If I role the upfront into the monthy, which is what I did on the X3, I am looking at the same payment as my X3 for a much lesser car in both cases?
Is the Jetta a decent car for the buck? any other suggestion on cars I should look into? Should I consider buying used and any chance I can find something BMW used with no money down for $300/month?
#722 of 1201 Current Lease Rates
Jun 23, 2010 (5:10 pm)
My wife is planning on leasing a new 2010 X3. I was hoping someone would be able to provide the current money factor and residual % for a 36 month 10,000 miles per year lease.