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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 78 of 111

#764 of 1097 Lease factor for 2 years? by pucelle

Jan 21, 2011 (7:52 pm)

I was able to get the following deal:
 
BMW X3 xDrive28i
Metalic Color
Cold Weather Package
Convenience Package
Premium Package
Technology Package
Premium Sound System
Satin Aluminum Roof Rails
Smart Phone Integration
 
MSRP: $49,100
Invoice: $45,625
Price: $47,000 w/Tags, Registration, & Documentation Fee included
 
The only thing the price doesn't include is Taxes. I plan to lease and already have a BMW FS lease, I won't have to pay the disposition fee. I was thinking of leasing for 2 years as I'm not sure I'll like the X3 and the new 3 Series (my current lease) comes out later this year.
 
I currently have a manual transmission 2008 328xi and I realized about a year into the lease that I didn't like the car and HATED the dealership I purchased from. I have stuff and tend to cart it around so we'll see how much I like the X3 if I don't like it, I'll buy the new 3 series as it "should" have all the features I like in the X3.
 
Does anyone know what the January lease factor is for 24 months with 10K miles/year? Does the loyalty reduction count for that time period? I'll most likely do the paperwork in February but I just wanted to get an idea on numbers.

#765 of 1097 Preferred rate by m00s

Jan 22, 2011 (2:56 pm)

Anyone know if the preferred money factor is nullified if a previous BMWFS loan was discharged as part of a bankruptcy (within the last 7 years) ?

#766 of 1097 Re: Preferred rate [m00s] by kyfdx HOST

Jan 23, 2011 (7:15 am)

Replying to: m00s (Jan 22, 2011 2:56 pm)
The preferred rate is for current BMWFS customers... or, at least those who have been customers within the last six months...

#767 of 1097 Mysterious fees in invoice price/good or bad lease deal by joeyp17

Jan 26, 2011 (10:50 am)

I have a couple questions about a X3 lease that I am considering.
 
1. I used Edmunds to determine the invoice price of the vehicle that I would like to lease. The BMW dealer tells me that the Edmunds' invoice price does not reflect about $400 in fees that the dealership must pay to BMW. Accordingly, the dealer says that my offer of $600 over Edmunds invoice would really mean $200 over "true" invoice. The dealer is willing to use $600 over his "true" invoice as the cap cost for the lease.
 
My question is whether these fees are appropriately counted as part of the invoice price to the dealer or if they reflect an attempt to pass along costs to the consumer or are an effort to double-dip with holdbacks. I would like to be able to call the dealer's bluff, if he is in fact bluffing.
 
2. I have roughly the following deal currently. I would appreciate any opinions on whether this is a good, bad, or average deal. Thanks.
 
X3 that includes Rear-View Camera, Comfort Access Keyless Entry, Heated Front Seats, Panoramic Moonroof, Black Sapphire Metallic, Nevada Leather Upholstery, and Destination Fee:
 
$42,375 MSRP
 
$39,410 invoice (includes $400 dealer fees discussed above)
 
40,010 sale price (same)
 
$1,825 up-front, including first month's payment, acquisition fee, and all document and related fees (I think this is high by a few hundred dollars)
 
10% sales tax
 
.00205 money factor
 
59% residual (10K for 36 months)
 
Monthly payment is ~ $600 (I am shooting for $590)
 
Thanks.

#768 of 1097 Re: Mysterious fees in invoice price/good or bad lease deal [joeyp17] by kyfdx HOST

Jan 26, 2011 (3:19 pm)

Replying to: joeyp17 (Jan 26, 2011 10:50 am)
1) The dealer is correct... MACO (advertising) and a $180 training fee aren't on the Edmunds invoice.. I'm not going to tell you what a good price is, but even if it's the lower number, $400 more isn't going to make it a bad price..
 
2) If you aren't a current BMWFS customer, then that's the base money factor.. which is a good thing... Does $600/mo. include the 10% tax? If so, that looks like a pretty good deal...
 
You can't really do anything about the lease program.. it is what it is.. All you can do is control your purchase price (looks fair), MF markups (none), and ancillary fees (as you note, maybe a few hundred extra)..
 
If you really like the deal, tell the dealer he needs to take $400 out of the deal, and you are ready to commit... can't hurt to try.. you can always take it, any way...
 
regards,
kyfdx

#769 of 1097 2011 X3 xDrive28i - SF Bay Area by leoxard

Feb 05, 2011 (9:02 pm)

Hi carman,
 
I am negotiating a lease for 36mo / 10k of an X3 xDrive 28i with all 6 packages + Premium HiFi and metallic paint.
 
MSRP $50,243
Invoice $45,945 (edmunds)
 
I see from the Forum that the rate should be 0.00175 (loyalty rate) with a 59% residual for February.
What should i be shooting for as far as final sale price of the vehicle? How much over invoice?
Also, in March, do the rates improve or not typically?
Thanks for all you help!
Leoxard

#770 of 1097 Re: 2011 X3 xDrive28i - SF Bay Area [leoxard] by Car_man HOST

Feb 07, 2011 (5:59 pm)

Replying to: leoxard (Feb 05, 2011 9:02 pm)
Hi Leoxard. It's difficult to say what the X3's March programs will be like at this point. I can tell you that last year BMW's March program for this model was very similar to its February program.
 
If I was in the market for an X3 right now in an area that has a decent level of competition, I personally would shoot for a selling price of around $500 to $1,000 over dealer invoice and see what happens.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#771 of 1097 Re: 2011 X3 xDrive28i - SF Bay Area [Car_man] by leoxard

Feb 08, 2011 (8:45 pm)

Replying to: Car_man (Feb 07, 2011 5:59 pm)
Thanks Carman.
There is good competition here so I should be able to get a good selling price.
At this point I won't wait for March to secure the car since the rates won't vary by much.
Keep you posted on what deal I was able to make as soon as its done.
By the way, the information found in this forum was priceless. Thank you for educating and helping the buyers community as you do.
Leoxard

#772 of 1097 Re: 2011 X3 xDrive28i - SF Bay Area [leoxard] by Car_man HOST

Feb 20, 2011 (3:47 pm)

Replying to: leoxard (Feb 08, 2011 8:45 pm)
You're very welcome, leoxard. I'm glad that you've found this forum so helpful. I'm looking forward to hearing how everything turns out.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#773 of 1097 Re: 2011 X3 xDrive28i - SF Bay Area [Car_man] by leoxard

Feb 24, 2011 (7:50 pm)

Replying to: Car_man (Feb 20, 2011 3:47 pm)
Good news Car_man!
 
I was able to negotiate the following:
 
MSRP - $51,650 (includ. all packages, Premium HiFi and metallic paint)
$500 over invoice
Drive Off: 1st month, $870 (bank fee + doc fees) + DMV Fees
36mo/10k
MF 0.00175 (loyalty program)
59% Residual
 
Thanks again!

Messages Page 78 of 111

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