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BMW X3 Lease Questions



  • Hi Car-Man:

    Thanks for the response, I have tried to negotiate directly and face to face with several dealers w/o much luck. Obviously, my timing is limited at this point, but I've gone out of the way to try and make a deal. What is most irritating is the lack of correspondence from BMW FS and/or the dealer(s) when looking at my lease end. I understand the BMW FS was offering a $ 404 lease in August for 07's but no one even approached or contacted me. It would seem that BMW is more interested in 'new' clients than current or existing ones as no offers even remotely approaching my lease have been forthcoming. Additionally, they seem to insist on massive amounts of cap reduction in order to even quote a decent lease. I'm now trying the Internet Brokers to see if anyone else is 'hungry'!

    From the other responses, it would seem that the money factor for returning lessees should be 0.00225-0.00065 for 24 month w/75% resid for 07 and slightly more for 08 vehicles is that correct? What are you seeing for Cap Cost Reduction/Lease Fee Closing Costs for returning Lessees?

    Thanks - Dave :sick:
  • I'm not sure what part of Colorado you are in, but there are six 07 X3's on the lot in Lincoln, Nebraska where I just bought my 08. That's about 6 hours from Denver. I know they want to move their 07's. Maybe give them a shot. is the website. I got a decent deal out of em, though I was purchasing not leasing. Good Luck.
  • ckungckung Posts: 42

    Thanks, What about % of residual for 10k and 12k? IN addition, do you expect the rate is going to drop in Dec?
    Thanks a lot
  • Carman,

    Looking for lease 2008 X3 3.0 for 36 month, 15k miles per year with $0 down. What should be my monthly payment/fees?

    Options:205 STEPTRONIC 6-Speed Automatic Transmission, 522 Xenon Adaptive Headlights, -- Metallic Paint, ZPP Premium Package.

    Price quoted:$40,850 + tax.

    We are current BMW leassee. Old lease up this week.

    We are in New York City.

  • I have an '04 X3 with lease expiring this month. Ordered a new X3 today in NY. Premium Package, Xenon lights, privacy glass, metalic paint...MSRP $43,100 Sale Price $41,150 Invoice $40,150.

    10K mile lease. Residual 78% (24 mo), 68% (36 mo)...Money factor: .00275 (minus .00065 for returning customer). Payments worked out to be a few dollars cheaper for the 24 mo lease! Is that unusual?

    Since we were debating getting a bigger car, we opted for the 24 mo.

    Total due at signing $2280 (taxes, 1st mo, $625 Acq. fee)...payments: $470 mo. 36 mo. was $476/mo. with more taxes due at signing.

    Thanks Edmunds...I can't imagine buying a car without this site.
  • I would appreciate any feedback on the following proposal for a 36 mo. lease
    MSRP: $43,750 Equiped: premium, cold weather,Adapt, xenon lights, metallic paint.

    Offered at -$1100 off MSRP $42,650. Money rate.00275. Resid 67% on 12k mileage.
    $2401.53 down. As close as I can figure, DP as follows: Sec.$650, prep? 160, tags 299, bank fee approx.687 including first payment of $568 + CT sales tax 37.

    This deal seems high from what I see in this forum. Any comments would be appreciated.

  • I'm new to leasing, could you please comment on the following quote I got it from a local dealer in bay area, ca( for 24 months lease)

    Annual Mileage: 10,000
    Residual: 78%
    Customer Cash Down 3,944.74
    Cash Cap Reduction 2,507.22
    Adjusted Cap Cost: 36,214.58
    Total Sales Tax: 966.93
    Total Adds to Cap: 825.00
    Money Factor: 0.00265
    Security Deposit: 450.00
    Total initial fees: 45.00
    Total Annual Fees: 303.75
    Base Monthly Rental: 399.00
    Total onthly Payment: 431.92
    Monthly Use Tax: 8.2500% $32.92
    Lease End Value: 30,907.50
  • carman:
    i am considering leasing a 2008 bmw x3 - automatic with leather - not sure about other options. i am due to turn in my audi a4 by mid december. i am also considering another a4, and a mercedes c300.

    - i live in NJ
    - looking to lease for anywhere from 36-42 months
    - 12,000 miles per year
    - what would be december residuals on this car and money factor?
    - what fees should i expect to pay upfront on this car and are any of them negotiable?
    - what should i strive for over invoice on this car?
    - also, any incentives i should be aware of for december?

  • Hi Carman:

    I held off hoping December lease support might improve... can you lend a hand with residual & mf for 36 & 24 months at 15k miles/year?


  • Here are the deals I have on the table for a 2008 X3, configured with Premium Package, Servotronic steering, xenon headlights, privacy glass, heated front seats, heated steering wheel, alpine white (no charge):

    24 Month Lease
    15,000 miles per year
    MSRP $43525.00
    SALE PRICE $41425.00
    LEASE END VALUE $32643.75 (75%)
    MONEY FACTOR .00270

    --------------------------------------------------------------------------------- -----------------
    15000 PER YEAR
    MSRP $43525.00
    SALE PRICE $41425.00
    LEASE END VALUE $28291.25 (65%)
    MONEY FACTOR .00270

    The selling price for the car is $41425, which is $1365 over invoice, but the dealer has to pay MAKO and Training Fees that aren't on the invoice, which brings my cost to $985 over 'invoice'...

    This seems to be a great deal for this car. The only rub is that I have an even more aggressive deal from Acura on their RDX base that's basically at invoice and monthly payments for 36 months ~$453/mo with no cap cost reduction....

    I'm stuck - $595/mo for the X3 or $453/mo for the RDX.... simple economics will probably win out, but I prefer the X3 (narrowly).

    hope this helps someone.

  • Hi Car Man,
    My name is Maritza and my lease is up 1-28-08 (BMW x5).
    I don't think I did a good job with leasing my BMW and would like your help in this new lease offer. Please let me know what you think. Thank you.
    1. 2008 328xi
    2. white with black interior
    3. automatic
    5. 3 year lease
    5. 15000 miles a yr.
    6. MSRP $36,350 (invoice $33,540) includes the destination charge
    7. Due at signing; saleman states around $2,475.69 to $2,793.00
    1. 1st month 459.46
    2. security deposit $ 0
    3. title fee $ 0
    4. registration fee $57.75
    5. license fee $0
    6. Bank fee $ 625
    7. Sales tax (7.37%) $1,265.98
    8. No cap reduction fee $ 0
    9. Documentation fee $45.
    10. Tire Recycle fee $12.50
    11. Inspection fee $10.
    Please let me know what you think. Are there any other fees that he might come up with when I do go in for signing? He stated that the bank fee was a fee which the bank charges for doing the paper work. Is this true? Is there anyway thing I can do to negotiate this contract and make my monthly fee less because I have a couple of thousand dollar I have to pay for over mileage when I return my x5?
  • Greetings niclaf77. BMW Financial Services' December buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW X3 with 12,000 miles per year are .00270 and 67%, respectively. The numbers for an otherwise identical 42 month lease are .00270 and 53%.

    At lease signing, you will have to pay your first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment, BMW FS' $625 acquisition fee, and any required state taxes or fees. BMW FS will waive its security deposit requirement in exchange for a .00015 increase in your vehicle's money factor. You should be able to add most of the other fees to your X3's capitalized cost to make them part of your monthly payment if you want to.

    BMW is not currently providing any cash incentives on this model.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hey Ken. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 BMW X3 with 15,000 miles per year are .00270 and 75%, respectively. The numbers for an otherwise identical 36 month lease are .00270 and 65%. Good luck and let me know if you need anything else.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hello maritza2. You never mentioned the selling price of the 3-Series 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 car 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 the 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 its selling price is.

    This particular discussion is for community members to talk about leasing the BMW X3. Please post the information that I requested over in the BMW 3-Series discussion. Thanks.

    Prices Paid: Buying & Leasing Experiences Forum
  • kelmagkelmag Posts: 1
    Carman - thanks for the info on lease money factors and residuals and the $625 acquisition fee. Does BMW Fin. Svcs. charge an end of lease disposition fee or any other fees? My insurance company has a car buying agreement that apparently will allow me to buy (or lease I would guess) an X3 for invoice plus $1,000 regardless of options and accessories. Sounds like a good deal but I don't want to walk into the final closing and be hit with extra "fees" larded into the deal to add to their profit. It appears the acquisition fee of $625 and a document fee of about $50 is legit plus tax and license - anything else I can expect? Thanks.
  • No problem, kelmag. I believe that BMW Financial Services charges a $350 disposition fee at lease-end. It will usually waive this charge for consumers who opt to lease another vehicle through them. BMW FS also charges a security deposit that's equivalent to your vehicle's monthly payment rounded up to the nearest $50 increment at lease signing. It will waive its security deposit requirement for returning lessees. For non-loyal customers, it will waive the security deposit in exchange for a .00015 increase in the money factor that is used to calculate their monthly payment.

    $1,000 over dealer invoice is not a bad deal, but it's not that special either. Any consumer who is an area that has a decent level of competition would probably be able to negotiate a selling price of $1,000 over on their own. It wouldn't hurt to stop by the "BMW X3 Prices Paid and Buying Experience" discussion to see how much other community members have paid for their X3s lately.

    Prices Paid: Buying & Leasing Experiences Forum
  • paowowpaowow Posts: 7
    My 2005 325i lease ends this month and need help deciding whether to buy off my current car or lease a new 328i...

    My Current Car

    2005 325i w/ no options except metallic paint and Auto Trans.
    current Mileage :28100
    Residual: $18730

    Lease Deal offered

    2008 328i with PREM PKG, iPOD Adapter
    MSRP: $38100
    36 month lease / 10000 miles per year
    Total Drive off : $1000
    Monthly Payment :$449+tax ($459+tax if 12000 miles per year)
    Residual $24383

    Help me decide!!!

    Thank you in advance...

    And if I keep my current car, is certifying it worth it?? (dealer said it costs $3000, but it will extend the warranty to 6yr/100Kmile and BMWFS will lower my finance rate to 3.9%)
  • pbphkpbphk Posts: 1
    Newbie on board -- Current lease on 330xi is expiring (in March) and now considering a 2008 X3. Went into first lease with blinkers on a couple of years ago -- I think the deal I got was pretty good simply based on my understanding of financing. Want to position myself to get the best deal this time and would appreciate any help/advice. Have received the following offer from dealer in North NJ

    MSRP of $45,950 (Premium & Cold Package; Metallic Paint; Servotronic; Heated Steering Wheel; NAV System; Xenon Lights)
    Cap Cost of $44,503
    Residual of 78% (24mths 10k lease)
    Money Factor of 0.00205

    Monthly lease payment = ~$526

    No cap cost reduction; taxes and all applicable fees upfront (~2700 including first payment)
    My calc tells me they are making ~$2k over invoice which seems a lot (according to posts I've read) Realistically, how low can I go? A couple of other dealers within 20 miles but their also seems to be plenty of BMW X3's on the road (in and around NYC area) presumably meaning the demand is pretty good.

  • eights38eights38 Posts: 137
    pbphk - I think that you should be able to do better in northern NJ. What dealer are you working with?

    If you need more help, please email me or reply.
  • ghstudioghstudio Posts: 931
    Does BMW Finance still discount the finance rate for multiple security deposits? If so, what's the reduction per security deposit.

    I had a BMW come off lease about 2 years ago....can I get the returning customer discount on the finance rate?

    Anyone know the February residuals and finance factors for the X3...24 month and 36 month?
This discussion has been closed.