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BMW X1 Lease Questions

102 messages,  Last post on May 07, 2013 at 9:29 AM

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What is this discussion about? BMW X1, Car Buying, Car Leasing, SUV

    

Messages Page 6 of 11

#45 of 102 Calc repost... by x1_buyer

Dec 14, 2012 (1:00 pm)

#46 of 102 Re: Calc repost... [x1_buyer] by kyfdx HOST

Dec 14, 2012 (9:22 pm)

Replying to: x1_buyer (Dec 14, 2012 1:00 pm)
Your math is right... but, with $0 due at signing, you'd have to capitalize the first payment.... That would add around $17/mo... Something tells me there is a big doc fee in there somewhere, and maybe something else they didn't disclose, like a wheel insurance policy..
 
All that will show up in the capitalized cost, if so..
 
The other possibility is they are marking up the money factor....

#47 of 102 Re: Calc repost... [kyfdx] by x1_buyer

Dec 14, 2012 (11:09 pm)

Replying to: kyfdx (Dec 14, 2012 9:22 pm)
Thanks. I'm glad to hear that I'm at least doing the math right. (And it does match all the online calculators.) I'm headed in tomorrow to figure out what the extra $$ is all about.

#48 of 102 Re: Calc repost... [x1_buyer] by voldermort

Dec 17, 2012 (4:30 pm)

Replying to: x1_buyer (Dec 14, 2012 1:00 pm)
What is meant by "Net cap Cost"? How did you get that number?
Thanks.

#49 of 102 Numbers finally matching. by timo12

Dec 17, 2012 (4:42 pm)

That was essentially the sum of other fees, rebates, etc that was being capitalized for the lease.
 
I found that taxes are charged on rebate cash, doc fees, etc. once I knew that, and once the dealer used the correct money factor, the numbers matched (within $2).
 
All, any reason NOT to capitalize the first month's payment?

#50 of 102 Re: X1 Lease [voldermort] by Car_man HOST

Dec 27, 2012 (7:04 am)

Replying to: voldermort (Dec 12, 2012 4:44 pm)
Hi Hermie. Of course, the correct dealer invoice price is listed here at Edmunds.com . You can look it up over in the New Vehicle Pricing section of Edmunds.com.
 
BMW Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2013 X1 28i with 12,000 miles per year are .00125 and 59% for consumers who qualify for its top credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#51 of 102 X1 Lease Qs... by jalmanzar

Dec 27, 2012 (12:31 pm)

Car_man:
 
What would be a fair cap cost on the sDrive 28i? xDrive 28i?
 
Also do you know the January 2013 buy rate lease money factor and residual value on a 36 month lease? Do you know if there are going to be any incentives for January?
 
I live in the NYC area. Dealer just told me that my out-of-pocket costs would be ~$2100, this is not including any down payment but includes 1st month lease payment. Does that sound right?
 
We have a family member who works at a dealership and may be able to get us an employee incentive deal too, making the X1 look very attractive right now. Considering this incentive, do you think its even worth the oxygen to try to negotiate?
 
Any other advice is welcome and appreciated.
 
Thanks!

#52 of 102 Re: X1 Lease [Car_man] by voldermort

Dec 27, 2012 (2:33 pm)

Replying to: Car_man (Dec 27, 2012 7:04 am)
Thank you car_man.
Will be talking to dealer later today.
Hopefully he doesn't tell me that you can't get the cold weather package with the leatherette too! SOunds like they want me to get a pkg with leather, and I am trying to keep the car down to just the basics ..... ugh!

#53 of 102 Re: X1 Lease Qs... [jalmanzar] by Car_man HOST

Jan 07, 2013 (5:12 pm)

Replying to: jalmanzar (Dec 27, 2012 12:31 pm)
Hi jalmanzar. I am not intimately familiar with what the market is like for the X1 right now, but if I was interested in getting one in an area that has a decent level of competition I personally would shoot for a selling price of $500 or so over invoice minus any available incentives.
 
BMW Financial Services' January buy rate lease money factor and residual value for a 36-month lease of a 2013 X1 sDrive 28i with 15,000 miles per year are .00130 and 57% for consumers who qualify for its top credit tiers.
 
The numbers for the xDrive would be exactly the same.
 
the only cash incentive that is currently available on this model is $750 owner loyalty cash.
 
If you can get employee pricing, it certainly would be much easier for you than negotiating.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#54 of 102 Re: X1 Lease [voldermort] by Car_man HOST

Jan 07, 2013 (5:12 pm)

Replying to: voldermort (Dec 27, 2012 2:33 pm)
You're very welcome voldermort.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 6 of 11

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