Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





BMW X3 Lease Questions

17810121338

Comments

  • jxtaijxtai Posts: 9
    I think so too.. for 24 months and the 36 months at the same money factor, it is amazing. For $2.00 extra per month on the 24 months, I rather take the 24 months. I am ordering it right now. :P
  • billmvbillmv Posts: 145
    jxtai.....very sweet deal. What city and dealer? i'm going to be right behind you if it's a CA dealer.
  • jxtaijxtai Posts: 9
    Sorry, is in NJ.
  • billmvbillmv Posts: 145
    Bummer. BTW, was that 24 mo. residual for a 12k or 15k lease?
  • kyfdxkyfdx Posts: 27,893
    10K

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • About to lock in the following '07 X3 lease:

    MSRP= 44,500
    Price = 42,100
    24 mos/10k miles
    3K down/acq. cost of 825
    Payment = 323/mo.(plus 5% Mass tax)=339/mo.

    This seems like a very good deal-is it?????? :confuse:

    btw: car is base X3 with premium pack plus heated ft. seats and wheel w/metallic pt.

    Not sure about the money factor-looks like it needs to be .00075 using a residual of 78%-is this possible?

    What am I missing here?

    Supposed to sign today-thanks for any help!
  • yhmhyhmh Posts: 2
    Can I have the dealership name? I'm in NJ too and gonna lease an X3 soon and really appreciate if you could tell more details such as options and add-ons. Thanks.
  • I sure can, billmv. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 X3 with 15,000 miles per year are .00200 and 65%, respectively. Yes, if you were to lease this truck with only 12,000 miles per year as usual, its residual value would be 2% higher. BMW FS' acquisition fee is still $625 as well. I believe that BMW FS charges a disposition fee of $350.

    Car_man
    Host
    Prices Paid Forum
  • Hi cknodle. The payments that you were quoted sound a little high to me. I would be happy to give you a more detailed analysis of this deal if you provide me with this truck's MSRP and selling price. These are very important numbers for you as a consumer to know. They show you how much of a discount you are bring given and when combined with BMW's actual lease program they enable you to estimate what your vehicle's monthly payment should be. Find out what these numbers are and I'll let you know what I think.

    Car_man
    Host
    Prices Paid Forum
  • Hey CKnodle. The money factor that you were quoted to lease this X5 is way too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 X5 3.0 is only .00185 with the payment of a security deposit at lease signing and .00200 with the deposit waived. When negotiating your lease on an '06 X5 3.0, make sure to take the $2,500 dealer cash that BMW is providing on it into account. This cash will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
    Host
    Prices Paid Forum
  • Hi bimmerfan58. The selling price that you were quoted for this truck looks reasonable to me. You can always stop by the following discussion to see how much other community members paid for similar vehicles though: "BMW X3: Prices Paid & Buying Experience".

    You need to make sure that the dealer you are working with uses BMW Financial Services' buy rate lease money factor to calculate this truck's monthly payment. Its current buy rate for a 24 month lease of a 2007 X3 is .00200. Also, this dealer is trying to mark BMW FS acquisition fee up to add additional hidden profit to your deal. BMW FS' current base acquisition fee is only $625.

    Car_man
    Host
    Prices Paid Forum
  • billmvbillmv Posts: 145
    Thanks, Car Man. Couldn't get to enough SF Bay Area dealers by end of business today to get in on the October programs, so it looks like I'll be doing something on an '07 X3 or an '06 X5 3.0 soon. Got it narrowed down to those two. If you could let us know what the November programs are for them I'm sure many of us would appreciate it.

    By the way, thanks for all your good work on these forums. kyfdx too.
  • Please advise, is it good good numbers compare with current deals for 2006 x3 lease:

    A 36 month lease with 15,000 miles a year is $465 a month with $2161.00 total due at signing, incl taxes for 2006 X3-3.0i in silver with Letherette. Options include the automatic transmission, heated steering wheel, heated front seats, satellite radio prep, privacy glass. The MSRP on this car is $39045.00

    OR

    $479 monthly, with $2145 total due at signing. This includes all taxes and motor vehicle fees for 2006 X3 equipped with the automatic transmission, premium package, satellite radio preparation, and privacy glass.
  • 2007 BMW X3 Wagon 3.0si 4WD

    24 mo/15k mi – Residual Value 75% of MSRP – .00150 Base Money Factor Rate
    36 mo/15k mi – Residual Value 65% of MSRP – .00150 Base Money Factor Rate
    48 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 33% of MSRP – .00322 Base Money Factor Rate
  • timmbojtimmboj Posts: 123
    What is a Disposition Fee?
  • oc24oc24 Posts: 5
    Does anyone have the current money factor from BMWFS for 24 and 36 months at 12K miles/year? Thanks for any guidance! oc24
  • Here's the latest program info, [billmv. BMW Financial Services' November buy rate lease money factor and residual value for a 36 month lease of a 2007 X3 with 15,000 miles per year are .00150 and 65%, respectively. As you can see, you actually came out ahead by waiting to get your new truck. The numbers for an otherwise identical lease of a 2006 BMW X5 3.0 are .00185 and 56%, respectively. This program is not as attractive as the '07 X3's is, but BMW is providing $2,500 dealer cash on the '06 X5 3.0. If you decide that you want one, make sure to take this cash into account when negotiating its capitalized cost.

    Car_man
    Host
    Prices Paid Forum
  • Hi mishka7368. You never mentioned the selling price of the X3 that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what the selling price is.

    Car_man
    Host
    Prices Paid Forum
  • Greetings timmboj. A disposition fee is a charge that banks charge consumers when they return their leased vehicle. I believe that BMW Financial Services charges a $350 disposition fee. This means that if you lease a BMW through BMW FS, you will have to pay a $350 charge when you return it. Most banks, I believe including BMW FS, waive their disposition fees for consumers who lease another vehicle through them when they return their old one.

    Car_man
    Host
    Prices Paid Forum
  • Here's the info that you're looking for, oc24. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 X3 with 12,000 miles per year are .00150 and 77%, respectively. The numbers for an otherwise identical 36 month lease are .00150 and 67%.

    Car_man
    Host
    Prices Paid Forum
  • jrynnjrynn Posts: 162
    2007 BMW X3 Wagon 3.0si 4WD

    24 mo/15k mi – Residual Value 75% of MSRP – .00150 Base Money Factor Rate
    36 mo/15k mi – Residual Value 65% of MSRP – .00150 Base Money Factor Rate
    48 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 33% of MSRP – .00322 Base Money Factor Rate


    Something seems screwy with the drop-off in value between 36/48 months. At 21%, it's nearly as high as the initial TWO years (25%). Especially when it's followed up with an 8% drop-off the following year.
  • Car Man,

    I am about to lease a 2007 X3 tomorrow and need to know if the follwing is a good deal:

    MSRP $43,120.00 Lease Price $42,047.50, 36 mo., Money factor being used (.00190) 10k miles/yr
    Prem. and Cold Package, Metallic Blue, Privacy Glass, Heated Steering Wheel.
    Lease Payment per month $487.00
    Down payment $4,000.00 through trade-in

    Thanks for your help!
  • Guys,

    I'm in VA and just got a price from the dealer. The car has premium, sports and navigation + heated seats. MSRP is $45955. Selling price is $43600. 24 Mos lease is 499 with taxes and fees and first months down payment. I'm shooting for 449$ per month with the same down. They want to charge .00175 MR but I didn't accept. They wanted to charge .002 at first. I don't understand. That's too much mark up. I've been shopping for 07 MDXs as well but they can't even come close to X3s figures with the same sticker price. Anyways, I'll continue shopping till they offer what I'm asking for.
  • could you clarify your down money on the lease you are negotiating?
  • so tax rate should be 3%. I'm not sure about the fees but I think there is a security deposit and some fees associated with DMV. So looking to put down 2250 for all that. I didn't get the breakdown yet but I'm not paying anything towards capitalized cost. (At least that's what I'm shooting for)
  • vizviz Posts: 50
    Dealer quoted the following: Looking at other posts here, mine seems too high.

    Options- heated seats only

    msrp - 39195
    Selling -37610
    Money fact -.002
    Residual - 28496
    18,000 miles /yr ; 24 months
    585/month, including tax. Zero down.

    What should be the Money factor, residual values for 18,000 miles /yr ; 24 months

    Thanks,
    Viz
  • jxtaijxtai Posts: 9
    Anyone know the newest money factor and residual values for 24 months/10,000 miles? :blush:

    Thanks
  • Greetings,

    I'm planning to lease a 2007 X3 in the near future and am hoping to get $5,000 on my trade-in. I would appreciate your advice on what specific costs, in addition to the 1st month's payment, I could deduct from the $5,000 trade-in towards the lease and then have the dealer cut me a check for the balance? I do not wish to make a down payment.

    Also, I have excellent credit so is it possible that I won't have to pay a security deposit? If so, could I negotiate a lower money factor by offering one?

    Thanks for your thoughts.
    ~Chase
  • What type of car are you trading in? I got them to a money factor of (.00160) on a 36 month lease and they waived the security deposit.
  • Hi all......i am working on the following deal:

    2007 x3 w/ performance pkg, cold weather pkg, park distance control, xenon lights, heated front seats, metallic paint, privacy glass, heated stearing wheel, nevada leather uphostery.

    msrp 43, 920 vehicle cost 40, 520 I believe i am getting the car for 41,232.

    lease deal: 455/mo including tax, 2400 down which is 1664 is cap reduction, plus first mo payment and 280 in other fees.

    what does everyone think? This seems like a great deal, compared to others that i have seen.
This discussion has been closed.