Last post on Dec 08, 2013 at 9:58 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X3, Car Leasing, SUV
#751 of 1201 Re: january follow-up [Car_man]
Jan 09, 2011 (9:34 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!
#752 of 1201 Re: january follow-up [niclaf77]
Jan 10, 2011 (5:34 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.
Prices Paid: Buying & Leasing Experiences Forum
#753 of 1201 Re: january follow-up [Car_man]
Jan 13, 2011 (2:11 pm)
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?
#754 of 1201 Re: january follow-up [jrr766]
by kyfdx@Edmunds HOST
Jan 13, 2011 (3:34 pm)
If you currently have a BMW financed with BMWFS, you should qualify...
#755 of 1201 Re: january follow-up [niclaf77]
Jan 23, 2011 (8:00 am)
Are you able to disclose the dealership you got your deal from?
#756 of 1201 Re: january follow-up [Firebird_EOU]
Feb 08, 2011 (12:37 am)
Sorry - I am just seeing this. The dealership is Freehold
BMW in Freehold, NJ. Salesman - John McBride.
Hope this helps!
#757 of 1201 2011 X3 Lease question - Franklin county OHIO
Jan 13, 2011 (4:58 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
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 1201 Re: 2011 X3 Lease question - Franklin county OHIO [redbone55]
Jan 15, 2011 (4:50 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?
#759 of 1201 X3 28i Deal Negotiated Today - Thoughts?
Jan 15, 2011 (4:20 pm)
Was able to negotiate the following lease deal today...any thoughts given the demand for the new model?
Sales Price: $42,926 plus $399 Delivery ($43,325)
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)
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!
#760 of 1201 Re: X3 28i Deal Negotiated Today - Thoughts? [yippeee33]
Jan 15, 2011 (5:09 pm)
yippeee - while I am not getting as many options as you,
I just negotiated the following deal in nj for a 2011 BMW
X3 28i with panoramic sunroof and heated seats/wheel:
MSRP - $39,665
Invoice - $36,370
Negotiated Price - $36,900 (so only $530 over invoice).
It looks like you are paying $2000 over invoice so you
may still have room to work.
I am a loyalty customer so I qualify for money factor of
59% residual for 36 months - 10,000 miles
with $1500 in fees/first month upfront - my monthly
payment is $525.