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BMW X3 Lease Questions

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  • I'm trading in a 2000 Jeep Cherokee and looking for a 36 month/15K lease.
  • Hi All,

    I am looking for December 2006 lease information on the 2007 X3.

    Basically, the residual and money factor for 24 & 36 month leases at 15k per year.

    Thanks in advance!
  • tgr99tgr99 Posts: 5
    Car_man,

    Please comment on this deal. Here are the details:

    2007 BMW X3
    MSRP: $40,770
    Cap Cost: 0
    Security Deposit: 0
    Bank Fee: 0
    Payment: $439 /month + Sales Tax & MV Fees
    Mileage Allowance: 10K

    Thanks.
  • money factor can be anywhere from .0015 to .0040 on 24 & 36 month it all depends on how well you van negotiate. If you get them to .00150 remember you have two options from the dealer 1. they can waive the security deposit but then you'll have to agee to .00165 to make up the difference or pay the security deposit and stay at .0015. Residual for 36 is 68%.
  • tgr99tgr99 Posts: 5
    I forgot to add that this was a 36 months lease.
  • Folks is this good price:

    X3 AWD:
    MSRP 43100

    Payments w/o tax or any fees is is 475. 36 months/15K.

    I believe it is 65% residual? How much should it be? Also if i ask 18K miles is that good idea what will the residual be?
  • I am trying to close on an X3 tomorrow. I have them down to $500 over invoice, which is fine with me. However for 36 months they are showing 67% residual and a money factor of .00190. I thought it was 68% and .00150? Are there regional differences or are they padding the numbers?? Thanks.

    -Fletch
  • kyfdxkyfdx Posts: 27,666
    They can't pad residuals.. 68% is for 3yr/30K.. 67% is for 3yr/36K.

    They can mark up the money factor by .0004.. which it appears they are doing in this case..

    There can be regional differences, but BMWFS does this rarely, and I doubt they are doing it here.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • I am very close to making this deal:
    2007 BMW X3
    Auto,Premium, Heated Seats, Xenon, metallic paint: list price on car is $43,320

    for a 2 year lease with 15K/ year the best they will do:
    572/month (includes all NYS taxes and all fees) plus $1240 out of pocket at delivery.

    Any thoughts or comments, as I am amount to do this deal? any input pro or con would be appreciated ASAP!
    Thanks to all in advance!
  • I got $390/month + tax for 36 month lease 12K/year with $3500 out of pocket at delivery. Got the cold weather package and metallic paint.

    Not sure how they came up with that price but i liked it. Not sure how Acura with the RDX will be able to compete with that.
  • jeffxpjeffxp Posts: 33
    Actually when you devide the 3500 dollars by 36months and add the tax you're over 500 dollars depending on the city and how you look at it. I only put 400 dollars down, but pay more monthly. As long as we are smiling driving down the road :shades:
  • Just picked up 2007 X3 - Long Island
    Premium, privacy glass, heated seats, xenon, metallic paint;
    1232 out of pocket; 565/month (including NYS taxes) for 2 year lease at 15k/year: Very happy with it!

    Just curious how this deals stacks up with others?
  • blundblund Posts: 6
    Hi,

    Sounds about right- Picked up mine last week: Premium, NAV, privacy glass, heated seats, xenon, metallic paint, back air bags.

    Put 1700 down, 2-year lease, 12K p/y, $550 per month inc. NJ taxes.
  • How does everyone know what the money factor and residuals persentage is? is it stated somewhere? How do I know negotiating a 75% residual on a 2 yr lease 15k mile, and .00150 money factor is reasonable.....im sure these are all factors dealers will try and negotiate to help there cause.
  • anyone getting great deals on '07 x3's in florida
  • billmvbillmv Posts: 145
    zeppellin.........the residual value is set by the factory for the months & miles you want if you're leasing through their captive finance arm. The money factor is also "sold" to the dealer at a certain rate, but the dealer CAN mark that up when they quote a rate to you, so they can make money off the financing. So you have to do your research to figure out what the dealer pays for the money. You should insist they give it to you at that same rate if you can. The biggest thing is that you have to negotiate the price they use in the lease, just like you were buying the car.
  • billmv...thx...but where do people get these factors that are all over the internet. if u plug in these factors i should get a better deal than ive been quoted. of course im going to go in and wheel and deal. is it best just to go in an demand a certain lease monthly price? let them figure out how to obtain it?
  • I got quote today,here are the number he gave me

    X-3 PREMIUM PKG,PRIVACY GLASS,XENON,METALIC,NAVIGATION

    MSRP=44000
    SALE PRICE=40000
    MF-.0019
    RESIDUAL=28000
    TERMS-24 MONTHS/12K=514-INCL TAX
    TERMS-24 MONTHS/15K=546-INC TAX
    TOTAL DRIVE OFF=$1.974

    wHAT DO U GUYS THINK?IS THIS A PRETTY GOOD DEAL..LET ME KNOW,THANKS
  • DISREGARD MSG 323
    I got quote today,here are the number he gave me

    X-3 PREMIUM PKG,PRIVACY GLASS,XENON,METALIC,NAVIGATION

    MSRP=44570
    SALE PRICE=42388
    MF-.0019
    RESIDUAL=34000
    TERMS-24 MONTHS/12K=514-INCL TAX
    TERMS-24 MONTHS/15K=546-INC TAX
    TOTAL DRIVE OFF=$1.974

    IS THIS A GOOD DEAL?
  • This is the exact care i am looking to purchase.

    I am willing to put down 4,000.

    I want the purchase price to come in at 42,000 and my montly to be in the low 400's.

    Not sure if it is possible.
This discussion has been closed.