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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 73 of 110

#718 of 1097 end of x3 lease, what now by hugo5

May 09, 2010 (10:10 pm)

Hi guys,
 
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.
Thanks,
Hugo

#719 of 1097 Re: end of x3 lease, what now [hugo5] by kyfdx HOST

May 10, 2010 (5:36 am)

Replying to: hugo5 (May 09, 2010 10:10 pm)
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..
 
regards,
kyfdx

#720 of 1097 Re: end of x3 lease, what now [kyfdx] by jayrider

May 10, 2010 (6:52 am)

Replying to: kyfdx (May 10, 2010 5:36 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 1097 Re: end of x3 lease, what now [kyfdx] by hugo5

May 10, 2010 (4:06 pm)

Replying to: kyfdx (May 10, 2010 5:36 am)
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 1097 Current Lease Rates by njwill

Jun 23, 2010 (6:10 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.
 
Thanks.

#723 of 1097 Breaking BMW News by Car_man HOST

Jul 02, 2010 (3:17 am)

Anyone who is familiar with BMW Financial Services knows that since the beginning of time it has used a pass / fail system for its lease approval process. Either consumers qualified for its best available rates or they could not lease through BMW FS at all...and your credit had to be pretty messed up for the latter to happen.
 
Yesterday BMW announced that BMW FS is introducing a tiered system for its lease program. Its rates now vary by credit tier, with the people who have the best credit scores getting slightly better rates than what was available last month and much higher money factors for people with low credit scores.
 
I should be able to get the full details of this new program some time today. Please feel free to post your questions about it here and I'll gladly fill you in on what I am able to find out.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#724 of 1097 Current Lease Specials on X3 by redbone55

Aug 08, 2010 (6:03 pm)

Are there any lease specials currently being offered on the X3?

#725 of 1097 Re: Current Lease Specials on X3 [redbone55] by Car_man HOST

Aug 31, 2010 (1:29 pm)

Replying to: redbone55 (Aug 08, 2010 6:03 pm)
Hi redbone55. BMW is providing lease support on the 2010 X3, but I wouldn't exactly say that its current program on it is amazing.
 
BMW Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2010 X3 with 15,000 miles per year are .00150 and 57%, respectively for consumers who qualify for its top credit tiers.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#726 of 1097 Lease question for 2010 X3 by sdhlaw1701

Aug 24, 2010 (2:30 pm)

Carman,
 
Can you tell me what the money factor and residual value would be for a 2010 X3 with the Premium Package on a 36 month 12,000 miles per year lease? Thanks.

#727 of 1097 Re: Lease question for 2010 X3 [sdhlaw1701] by Car_man HOST

Aug 31, 2010 (1:30 pm)

Replying to: sdhlaw1701 (Aug 24, 2010 2:30 pm)
I'd be happy to help you out, sdhlaw1701.
 
BMW Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2010 X3 with 12,000 miles per year are .00150 and 59%, respectively for consumers who qualify for its top credit tiers.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 73 of 110

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