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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 10 of 111

#86 of 1097 Re: 2005 X3 3.0 lease in CA by Car_man HOST

Oct 27, 2005 (4:15 am)

Hi sailorstac. $500 over invoice is a good deal on this car. As far as the acquisition fee goes, you can either pay it at lease signing or have it added to your truck's capitalized cost and baked into your monthly payment. BMW Financial Services is not currently offering 39 month leases on this model, so you will have to go with a 36 month term. If you were to lease a 2006 BMW X3 3.0 though BMW Financial Services right now for 36 months 12,000 miles per year, its buy rate lease money factor and residual value should be .00175 and 62%, respectively. Using these numbers, an MSRP of $39,965, and a selling price of $36,850, I estimate that this car should have a zero down, pre-tax monthly payment of around $444. With a cap cost of $37,350, the payment would increase to around $458.
 
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#87 of 1097 Re: X3 lease in CT by Car_man HOST

Oct 27, 2005 (4:20 am)

Hello richneedsaleas. A $2,000 discount on this truck is probably around $1,500 to $1,600 over dealer invoice, which is not bad but in an area like Connecticut (unless you live in a rural part of the state), you probably have a number of BMW dealers and I would not be surprised if you were able to beat this price by a little. You may want to stop by the following discussion to see how much other community members have paid for similar trucks recently: sharkala, "BMW X3: Prices Paid & Buying Experience" #, 12 Mar 2004 8:58 am.
 
For now, I will calculate a lease payment on this truck for you using the prices that you were quoted and BMW's actual lease program. According to my calculations, if you were to lease a 2006 BMW X3 3.0 with an MSRP of $43,405 and a selling price of $41,405 through BMW Financial Services for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $523.
 
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#88 of 1097 Re: 05 X3 lease -- Good Deal??? Please help! by Car_man HOST

Oct 28, 2005 (2:58 am)

I am sorry to say, pictures, that the "great lease" that you were offered really is not as great as it initially seems. It appears as though the dealer that you are working with is marking-up both this truck's lease money factor and acquisition fee to add additional hidden back-end profit to your deal. BMW Financial Services' current buy rate lease money factor for a 3 year lease of an '05 X3 2.5 is currently .00100 and its base lease acquisition fee is currently only $625. Insist that the dealer that you are working with use both of these numbers in your deal. The selling price that you were quoted is good though.
 
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#89 of 1097 November lease factors by drtravel

Nov 03, 2005 (3:49 pm)

Money factor is 0.00175 for 3-year lease with security deposit
 
Residuals
10K = 63%
12K = 62%
15K = 60%
 
Happy renting

#90 of 1097 Lease Deal by go_germany

Nov 07, 2005 (3:38 pm)

I just leased an 06 X3 and here are the details:
 
MSRP: 38820
Cap Cost: 36550
Acq fee: 750
Term: 36 month
Base Pmt: 515.60
Pmt W/tax: 551.69
 
Did I get a good deal or not?

#91 of 1097 Re: Lease Deal [go_germany] by mrviti

Nov 11, 2005 (2:53 pm)

Replying to: go_germany (Nov 07, 2005 3:38 pm)
I need an opinion. I can buy 06 x3, msrp 40370, for 37970. I can lease for 36mos., 36,000 miles, $2990 down plus $500 security deposit, for $454, which includes tax. Good deal? Opinion on lease or buy. Thanks/.

#92 of 1097 Re: Lease Deal [go_germany] by Car_man HOST

Nov 21, 2005 (5:08 am)

Replying to: go_germany (Nov 07, 2005 3:38 pm)
Hi go_germany. It appears to me as though the deal that you got is a little less than $1,000 above invoice. This is a reasonable price for this truck right now. The acquisition fee that you were charged is a little high though. BMW Financial Services' charges a base lease acquisition fee of only $625 on vehicles. The dealer that you are working with may have marked this fee up a little bit to add additional hidden profit to your deal. The lease payment that you were given looks a little high to me as well. I just worked up a sample lease payment on this truck using the prices that you mentioned in your post and BMW FS' actual lease program and I came up with a 36 month, 15,000 mile per year, zero down, pre-tax monthly payment of around $473. The dealer that you got your truck from may have marked-up your money factor.
 
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#93 of 1097 Re: Lease Deal [mrviti] by Car_man HOST

Nov 21, 2005 (5:14 am)

Replying to: mrviti (Nov 11, 2005 2:53 pm)
Hi mrviti. The selling price that you were quoted for this truck looks reasonable to me. It appears to be less than $1,000 above invoice, perhaps like $800 or so. I just estimated what this truck's lease program should be using BMW Financial Services' actual lease program and I came up with a 36 month, 12,000 miles per year, zero down, pre-tax monthly payment of around $470 using the prices that you mentioned in your post. I based the payment that I worked up on zero down because I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your X3 would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all. Since you mentioned it, I also worked up a payment for an otherwise identical lease with a $2,990 down payment and came up with a monthly payment of around $382.
 
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#94 of 1097 Leasing for the first time by virgosista

Nov 23, 2005 (12:27 am)

I would like to lease a 2005 or 06 3.0 X3. But I really do not know alot about negotiating a lease. In order for the lease to work for me the monthly payment should be around 400 and mileage must be 15k. Please help me with the negotiation of my future dream car.
 
MSRP
Net Cost
Net Cap Cost
Acq Fee
Money Factor fro Dec
Security deposit
Residual for Dec

#95 of 1097 Re: Leasing for the first time [virgosista] by Car_man HOST

Dec 07, 2005 (4:52 am)

Replying to: virgosista (Nov 23, 2005 12:27 am)
Greetings virgosista. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
Once you have checked out these articles, stop back and let me know the full MSRP and an approximate selling price for the truck that you are interested in and I can estimate what its lease payment should be like.
 
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Messages Page 10 of 111

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