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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 97 of 110

#959 of 1097 Re: Residuals [GBrianK] by Car_man HOST

Dec 09, 2012 (8:26 am)

Replying to: GBrianK (Dec 01, 2012 6:07 pm)
Hi GBrianK. BMW Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2013 X3 2.8i with 12,000 miles per year are .00125 and 58% for consumers who qualify for its top credit tiers.
 
The numbers for an otherwise identical lease of a '13 X4 3.5i are .00135 and 59%.
 
If you were to lease either of these vehicles with only 10,000 miles per year, their residual values would be 1% higher.
 
When negotiating your deal, make sure to take advantage of the $1,000 cash incentive and $750 owner loyalty cash that are currently available on these vehicles.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#960 of 1097 Re: 2013 X3 xDrive28i [love_leasing] by Car_man HOST

Dec 09, 2012 (8:27 am)

Replying to: love_leasing (Dec 07, 2012 11:44 pm)
Greetings love_leasing. BMW Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2013 xDrive28i with 15,000 miles per year are .00125 and 56% for consumers who qualify for its top credit tier.
 
When negotiating your deal on this truck, make sure to take advantage of the $1,000 holiday credit and $750 owner loyalty cash offers.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#961 of 1097 X3 35i lease info by mcmahon2

Dec 10, 2012 (5:06 pm)

Hi car man. I'm in the north east and returning to a dealer where I got my last car. Was quoted 1500 over invoice with residual of 60% and mf of .00135 on a pretty loaded x3 35i.
I countered with invoice and a .00125 mf as we would def qualify for top credit.
New guy at dealer doesn't seem all that hungry and didn't even counter just said he couldn't get close. Is it time for me to be looking elsewhere or are the x3's moving that well?
Is invoice or 500 over just not realistic On my part? Thanks.

#962 of 1097 Re: X3 35i lease info [mcmahon2] by flightnurse

Dec 10, 2012 (5:36 pm)

Replying to: mcmahon2 (Dec 10, 2012 5:06 pm)
$1500 OVER invoice, that dealer doesn't seem too hungry to me... Go back and read some posting and see that people are getting them UNDER INVOICE..

#963 of 1097 Re: X3 35i lease info [mcmahon2] by GBrianK

Dec 10, 2012 (8:50 pm)

Replying to: mcmahon2 (Dec 10, 2012 5:06 pm)
I ordered mine from the factory and got $750 over invoice with no back-and-forth required. As for money factor, I think the lowest they can go right now is 0.00135 (what BMW is charging). Now, that money factor may drop next week, as BMW is trying to get their sales numbers up. I doubt it would go much lower than 0.00125.
 
Another poster put down below invoice? Where are they getting this at? (Maybe I shouldn't be so fussy and just take something off their lot?)

#964 of 1097 Re: X3 35i lease info [mcmahon2] by mcmahon2

Dec 11, 2012 (12:51 pm)

Replying to: mcmahon2 (Dec 10, 2012 5:06 pm)
sent an offer out to quite a few other area dealers at 500 under invoice and .00125 on the x3 35i and one came back accepting the under invoice, but saying they could only do .00135 on the money factor for the 35i and .00125 on the 28i. Seems reasonable to me. should i lock it down?

#965 of 1097 Re: X3 35i lease info [mcmahon2] by rayinsag

Dec 11, 2012 (3:26 pm)

Replying to: mcmahon2 (Dec 11, 2012 12:51 pm)
$500 under invoice and .00135 sounds good to me.

#966 of 1097 Re: X3 35i lease info [mcmahon2] by GBrianK

Dec 11, 2012 (3:37 pm)

Replying to: mcmahon2 (Dec 11, 2012 12:51 pm)
Agreed! This is a great deal! Just make sure it wasn't a demo car.

#967 of 1097 Re: X3 35i lease info [GBrianK] by mcmahon2

Dec 14, 2012 (8:20 am)

Replying to: GBrianK (Dec 11, 2012 3:37 pm)
Good point. Checked it out and It was still in the hood plastic. They're prepping it today. Ended up pushing back a bit and got 850 under invoice and they actually agreed to the .00125 dec money factor from the 28i even though it's a 35i and supposed to be .00135. I'm feeling great about it and they've def earned a long term customer.

#968 of 1097 Re: Help! Your lease expertise is needed... [wnofearw] by sthodla

Dec 15, 2012 (7:48 am)

Replying to: wnofearw (Nov 25, 2012 6:16 pm)
I am not sure how you are getting such a good deal on the lease.
 
If I type in the numbers you've mentioned into Edmunds lease calculator - I get a monthly payment of $862.
 
Try it yourself.
http://www.edmunds.com/calculators/car-lease.html
 
Lease price $44070
Title & Registration $600 (calculated this from your $2k down (2k-$550(first motnth)-$850(destination) = title + registration)
Residual % of 55% (calculated from your $550 payment. 550 x 36 / lease price)
Miles driven 12K
Money factor : 0.0029
 
I had a friend pick up an X3 from SoCal - $39K lease price and was able to get lease rate for $510 a month (36 months, 12K miles, $1300 down). Again, I've tried to get that to work in the lease calculator and it simply does not come close.
 
Don't understand if the calculator is wrong and/or I'm missing something.

Messages Page 97 of 110

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