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BMW X3 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome uasound.

    It's difficult to say, but I suspect that if you are in an area that has a decent level of competition that you may be able to get a 2012 model for a couple hundred dollars over dealer invoice. BMW really didn't provide much in the way of cash incentives on the X3 so you probably won't be able to do much better than that.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Recently finalized 2013 X3 (4 cylinder) lease with my local BMW dealership. Options included premium pkg, cold weather pkg, technology pkg, and app. Sticker price is around $47,500. I signed 36 months (10k mi/yr) lease for $549 and $2980 down. Is this a good deal?
  • Hello everyone,

    These forums have really been a great help to me so here is my contribution.
    I was looking into leasing a 2013 X3 35i with premium package, sparkle bronze, 3 years, 10,000 miles/year and $2000 for cap cost reduction to keep the monthly payments at a reasonable level.
    I got quotes from several dealers and there seems to be a very decent level of competition in the area.
    There are almost no 35is available out there and the few available are loaded beyond $52,000. If you are looking for one with premium package only, you will have to order it and wait for approx 4 weeks.
    MSRP was $47,995, discount price offered from dealers was comprised between $44,700 and $45,200, and monthly payments were between 550 and 570 per month (+taxes) with the $2000 cap cost reduction included.
    DC lease tax works a bit differently in the sense that you do not have to pay the taxes upfront like in other states. In DC, 10% of the monthly payment is added for tax.
    The only cash needed to close the deal (in addition to the cap cost reduction) is first month's payment and registration (approx $300). Everything else is included.
  • Hi Car_man or kydfx:

    Could you provide current lease rates and customer loyalty/other incentives for the 2013 X3 xDrive35i:

    10k/12k miles/year, 36 months

    I have a 135i Convertible lease ending around the end of the year. One dealer mentioned that BMW would waive the disposition fee on my current vehicle if a sign a new lease - is that normal?

    Thanks,

    Lee
  • kyfdxkyfdx Posts: 28,456
    One dealer mentioned that BMW would waive the disposition fee on my current vehicle if a sign a new lease - is that normal?

    Yes... BMWFS has done that as far back as I can remember..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • flightnurseflightnurse 35K feetPosts: 1,631
    Not too sure if this out of your expertise but, what are the pit falls of the BMW Select Fiance option?

    Thanks
  • Here you go Lee. BMW Financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2013 X3 xDrive35i with 12,000 miles per year are .00145 and 58%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 10,000 miles per year would be 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • This deal seems pretty solid to me, but would appreciate any expert advice/opinion. Thanks in advance.

    $585/month -- 36 months -- 10k miles per month

    MSRP: 47295 (Cold weather, Premium, Technology, etc.)

    Money Factor: .00145

    Residual: 59%

    Lease end Value: 27904

    Initial Cap Cost 43995
    Adjusted Cap cost: 45136

    Only first month payment + tax, title etc. due at lease inception
  • Thank you for sharing this information.
    Can you please provide more information about Adjusted Cap cost. What incentives did you use?
    Also what are the total inceptions? Thanks
  • Hello Car_man,

    Need some help here.
    Just got a quote for 2013 X328i.
    Build: Base + Rear Camera

    MSRP: 40545
    Selling Price: 38545

    For some reason he is giving me MF: .00185 (with my credit score ~760 and I have a history of leasing 2 vehicles)
    Residual: 59%

    $540 1st payment
    $318.50 license plate
    $925 acquisition fee
    $599 dealer fee
    $95.43 tax on fees. (Florida)

    Monthly payment - $540 (inc. tax)

    No incentives and no dealer cash.
    I feel it is not a good deal at all. Please advise what can be done here, thanks in advance.
  • Do you have the October lease rates for an x3 (328) with 10,000 miles and 36 months? Any incentives in October?
  • Here you go cliffpoz. BMW Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2013 X3 28i with 10,000 miles per year are .00135 and 59%, respectively for consumers who qualify for its top credit tier.

    The only cash incentive on this vehicle that I am aware of right now is the $750 owner loyalty cash.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi,

    I'm looking for the lease residual as above, but for a X3 28i, with 20,000 miles/ year, 36 months

    Thanks
  • My lease is expiring on a 2009 335i and I am starting to negotiate on a 2013 X3 35i. The San Jose dealer marked up two items saying that his finance people set these numbers. First was the MF of .00175 instead of the listed here .00135. The other was the acquisition fee of $925 instead of $725. Has anyone else come across this? It feels like they are just lining their pockets.
  • flightnurseflightnurse 35K feetPosts: 1,631
    Try another Dealer in San Jose and see what happens. Nothing wrong with a bit of competition, if the first dealer wants to the sale then tell them. Also do not be afraid of telling about the MF and Fee's.
  • kyfdxkyfdx Posts: 28,456
    It's typical, not unusual....

    As noted, you may need to introduce some competition to get the best deal..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • albert72albert72 Posts: 141
    Is anyone seeing unusually aggressive lease or purchase deals on X3s? The reason I ask is twofold - several months ago BMW had some additional push money to dealers $2k - $7k depending on the model.

    Now, trade publications are saying that BMW sales volume is lagging MB and that slow BMW sales in other parts of the world has the company trying to make up volume in the N. American market.

    BMW for now is not on my short list but at the right price, it would be so if anyone can shed light on this subject it would be greatly appreciated.

    Also, the push money I mentioned above, word leaked out about it as it was not readily available information at the time - dealers actually purchased extra inventory so they could capture for themselves the extra $$.
  • flightnurseflightnurse 35K feetPosts: 1,631
    What examples do you have for these aggressive leases? I do BMW has specials on their CPO cars 2008-2010 MY. month ago I was looking at a 2012 X3 which was a factory executive car. fully loaded, MSRP was $54K (cough) however they would sell it to me for $45K, a new 2012 X3 MSRP 47K I could have gotten it for 44K, not that huge of a saving. In Phoenix the X5 is a better seller then the X3, so it also could be a regional item too..
  • albert72albert72 Posts: 141
    This is what they did this summer - trying to find out if they will do it again this fall - as I mentioned, they are chasing MB for volume. $2-3k off sticker for an x3 xdrive 2.8 would not be enough for me.

    http://online.wsj.com/article/SB10000872396390444042704577589511359646688.html
  • hifidawghifidawg Posts: 1
    edited October 2012
    Is this a decent deal? It's my first time leasing.

    I got a 13 2.8 X3 fully loaded - 12k miles 36 month for $458/month
    We had a rather large downpayment $6.4k :cry: from equity in previous car plus cash.

    We were able to get the price from MSRP of 48K to 45K
    and also get $750 loyalty for my 3 series.
  • Im looking to lease a 2013 X3 28i

    MSRP is $51,395

    Negotiated selling price is $47,235 (invoice) <-- please confirm this is infact invoice

    Fees = $725 bank, $300 DMV, $77 fuel charge (thats new to me), $75 doc fee, $522 1st payment = $1700 total in fees and 1st paymen

    This is at .00135 and 58% on 12k miles 36 months

    Total out of pocket (including taxes and 1st payment and fees) will be $5,195 <-- that inludes $3,500 trade in credit + $945 tax credit I get towards the new car from the trade in (NJ) + $750 loyalty BMW credit.

    I'm coming up with $522 per month including taxes

    Does this look right? Is that invoice number right? Good deal?

    thanks!
  • Hi tblackey. BMW Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2013 X3 28i with 15,000 miles per year are .00135 and 56%, for consumers who qualify for its top credit tier.

    15,000 miles per year is the highest mileage allowance that BMW FS publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Im looking to lease a 2013 X3 28i

    MSRP is $51,395

    Negotiated selling price is $47,235 (invoice) <-- please confirm this is infact invoice

    Fees = $725 bank, $300 DMV, $77 fuel charge (thats new to me), $75 doc fee, $522 1st payment = $1700 total in fees and 1st payment

    This is at .00135 and 58% on 12k miles 36 months

    Total out of pocket (including taxes and 1st payment and fees) will be $5,195 <-- that inludes $3,500 trade in credit + $945 tax credit I get towards the new car from the trade in (NJ) + $750 loyalty BMW credit.

    I'm coming up with $522 per month including taxes

    Does this look right? Is that invoice number right? Good deal? thanks!
  • not sure why my post keeps getting all bunched up. I have tried twice to post it correctly but its not allowing me to space out anything. Sorry about that. Thanks in advance
  • tonka858tonka858 Posts: 21
    edited October 2012
    $51,695.00 MSRP
    -$4,040.00 Discount
    $47,655.00
    $2,500 down
    $587 a month 3 years 10k miles per year.

    thoughts?
  • femdocfemdoc Posts: 3
    Hi i am planning to lease a car for the first time and wanted to get the X3 35i with premium, weather and tech package. Im not sure how to negotiate pricing on a lease. They didnt even give me an opportunity to do so. They gave me a msrp of $52,745 then said that they would sell it for $50,300. The MF was 0.00135 and residual was 58%. For a 36 month lease at 12k miles it came to $761 a month with no down payment and $636 a month with 5k down. The dealer did not suggest putting any money down at all. Does this deal seem reasonable? I have not see anyone with a monthly payment so high on any of these sites. Any help would be appreciated.
  • tonka858tonka858 Posts: 21
    edited October 2012
    I was offered this couple days ago

    Vehicle Price: 51,695.00
    discount -$4,040.00
    $47,655.00


    cash down 2500 36 month payment $587
    I did not ask if that was with tax though..

    was thinking if its that much I might do X5
  • flightnurseflightnurse 35K feetPosts: 1,631
    WOW, go to another dealer, $761/m for a X3.... what other items are the X3, I'm coming up with a MSRP of $51.095, factory invoice is $47,610 for a X3 35i, with premium, weather and tech package. This should give you some idea on how to deal with them... Once again, that payment are WAY HIGH.... BTW, just a quick calc I came up with $615/m without tax...
  • femdocfemdoc Posts: 3
    Yes i thought it was a little high too. I am a girl doing this by myself so maybe im being taken for a ride. What is factory invoice? Is that what the dealer pays for? Also what did you come up with monthly without any money down. Im not sure why the dealer would suggest putting zero money down. Unfortunately i live in syracuse and there is only one bMw dealer in town!
  • femdocfemdoc Posts: 3
    Wow that is a good deal! Was that with the premium, cold weather and tech package as well? If so what dealership did you go to? I live in syracuse and theres only one BMW in town so maybe thats why its so high.
This discussion has been closed.