Last post on Dec 06, 2013 at 9:11 AM
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BMW X3, Car Leasing, SUV
#960 of 1196 Re: 2013 X3 xDrive28i [love_leasing]
Dec 09, 2012 (7:27 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
#961 of 1196 X3 35i lease info
Dec 10, 2012 (4:06 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 1196 Re: X3 35i lease info [mcmahon2]
Dec 10, 2012 (4:36 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 1196 Re: X3 35i lease info [mcmahon2]
Dec 10, 2012 (7:50 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 1196 Re: X3 35i lease info [mcmahon2]
Dec 11, 2012 (11:51 am)
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 1196 Re: X3 35i lease info [mcmahon2]
Dec 11, 2012 (2:26 pm)
$500 under invoice and .00135 sounds good to me.
#966 of 1196 Re: X3 35i lease info [mcmahon2]
Dec 11, 2012 (2:37 pm)
Agreed! This is a great deal! Just make sure it wasn't a demo car.
#967 of 1196 Re: X3 35i lease info [GBrianK]
Dec 14, 2012 (7:20 am)
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 1196 Re: Help! Your lease expertise is needed... [wnofearw]
Dec 15, 2012 (6:48 am)
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.
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.
#969 of 1196 Re: Help! Your lease expertise is needed... [sthodla]
by kyfdx@Edmunds HOST
Dec 15, 2012 (8:11 am)
1) Why are you breaking out destination charges? No place for that in a lease calculation.... destination is part of the price..
2) Where is the MSRP in your calculation? You can't calculate a lease without it..
3) Money factor of .0029? Way too high
You can't use generic numbers to calculate a lease... you have to have the exact program numbers...