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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 76 of 110

#750 of 1097 Re: january follow-up [niclaf77] by Car_man HOST

Jan 09, 2011 (6:17 pm)

Replying to: niclaf77 (Jan 06, 2011 1:58 pm)
You're welcome nicole. Here's an update for you.
 
BMW Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2011 X3 28i with 12,000 miles per year are .00205 and 58%, respectively.
 
This factor drops to .00175 for loyal customers.
 
If you were to lease with only 12,000 miles per year, this truck's residual values would be 2% higher.
 
BMW is not currently providing any cash incentives that I am aware of on the X3.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#751 of 1097 Re: january follow-up [Car_man] by niclaf77

Jan 09, 2011 (10:34 pm)

Replying to: Car_man (Jan 09, 2011 6:17 pm)
wow - glad that i followed up for the new january numbers b/c this is different than what i got from the dealer. here is everything i was given by the dealer and if you wouldn't mind looking at these numbers and letting me know if the fees are marked up too?
 
I think the selling price is a good deal - I am going to be ordering a 2011 X3 28i with heated seats and moonroof for 36 months in NJ with 10,000 miles per year.
 
MSRP - $39665
Invoice - Approx. - $36,370
Selling Price - $36,900
Money Factor - .00205 (I am a current BMW lessee, which they know so I should qualify for the .00175 but there was no mention of that)
Residual - 59% (just want to confirm whether it is actually 60% b/c in the last post you wrote for 12,000 it would be 2% higher but I think it should say 10,000 - so I am not sure if the residual is actually 59% or 60% for 10,000 miles per year).
 
Now as far as out-of-pocket fees:
First month payment - $?
Bank Fee - $725
DMV - approx $300
Tire Fee - $7.50
Dealer Doc Fee - $249.00 (I thought I read here in another posting that this was lower but I want to confirm before I go back to the dealer).
 
Lastly, if I decide to roll all fees in and do a sign and drive - how would i add that to the calculation? Does it add on to the selling price or get added it after the initial calculation?
 
Thanks so much for your help!
Nicole

#752 of 1097 Re: january follow-up [niclaf77] by Car_man HOST

Jan 10, 2011 (6:34 pm)

Replying to: niclaf77 (Jan 09, 2011 10:34 pm)
Hey Nicole. The numbers for a 36 month, 10k lease of this truck are .00175 and 59% for loyal customers.
 
If you decide to roll the fees that you would normally have to pay at lease signing into your payment, you will have to add them to your car's capitalized cost before your payment is calculated.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#753 of 1097 Re: january follow-up [Car_man] by jrr766

Jan 13, 2011 (3:11 pm)

Replying to: Car_man (Jan 10, 2011 6:34 pm)
Hi,
 
What is required to qualify for the loyal customer rate? I have never leased a BMW of any kind, but I currently have a Z4 that I am financing through BMW Financial services. Should I be able to get the .00175 rate on an X3?
 
Thanks

#754 of 1097 Re: january follow-up [jrr766] by kyfdx HOST

Jan 13, 2011 (4:34 pm)

Replying to: jrr766 (Jan 13, 2011 3:11 pm)
If you currently have a BMW financed with BMWFS, you should qualify...

#755 of 1097 Re: january follow-up [niclaf77] by Firebird_EOU

Jan 23, 2011 (9:00 am)

Replying to: niclaf77 (Jan 09, 2011 10:34 pm)
Are you able to disclose the dealership you got your deal from?

#756 of 1097 Re: january follow-up [Firebird_EOU] by niclaf77

Feb 08, 2011 (1:37 am)

Replying to: Firebird_EOU (Jan 23, 2011 9:00 am)
Sorry - I am just seeing this. The dealership is Freehold
BMW in Freehold, NJ. Salesman - John McBride.
 
Hope this helps!

#757 of 1097 2011 X3 Lease question - Franklin county OHIO by redbone55

Jan 13, 2011 (5:58 pm)

Does this sound like a decent deal:
 
Starting MSRP: $36,750.00
  
Premium Package: leather seating, panoramic sunroof, interior light package, auto dimming mirrors, lumbar support, storage package and universal garage door opener. $3,450.00
Heated Front Seats: $500.00
Heated Steering Wheel: $190.00
Satin Roof Rails: $250.00
Satellite Radio with 1 year subscription: $350.00
Destination Charge: $875.00
  
MSRP: $ 42,365.00
   
Money Factor: .00220
Residual: 58% or MSRP
  
Lease Structure;
  
36 Months / 12,000 miles per year
  
0 Cap Cost Reduction with only 1st payment and a $75.00 tag/doc. fee due at signing would garner a monthly payment of $678.91.*
  
$1,500.00 total due at signing would garner a payment of $655.76* per month.
  
$3,000.00 total due at signing would garner a payment of $609.15* per month.
  
*Taxes and fees included.

#758 of 1097 Re: 2011 X3 Lease question - Franklin county OHIO [redbone55] by niclaf77

Jan 15, 2011 (5:50 pm)

Replying to: redbone55 (Jan 13, 2011 5:58 pm)
Redbone - I am sure someone else here will answer
your questions but I just wanted to let you know that I
think that the money factor for non-loyal customers is
.00205 - so unless I am missing something, they are
marking that up! So check that out.
 
Also, you mention msrp but what price did u negotiate?
 
Good luck!

#759 of 1097 X3 28i Deal Negotiated Today - Thoughts? by yippeee33

Jan 15, 2011 (5:20 pm)

Was able to negotiate the following lease deal today...any thoughts given the demand for the new model?
 
MSRP: $44,325
Sales Price: $42,926 plus $399 Delivery ($43,325)
Invoice: $41,285
 
2011 28i X3
Metallic Paint - 550
Premium Package - 3450
Cold Weather Package - 1150
Heads Up Display - 1300
Satin Roof Rails - 250
Destination - 875
 
Money Factor: .00175 (returning BMWFS)
Residual: 59%
36 month/10k lease
 
No money down or out of pockets. First payment due at signing. Monthly payment is $620.03 plus tax = $667.89 (Denver, CO).
 
Any thoughts would be greatly appreciated!

Messages Page 76 of 110

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