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BMW X3 Lease Questions

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  • Hi Car_man and kyfdx,

    Would you provide November lease rates for X3 xDrive35i and X3 xDrive28i for 10k/12k miles per year when they are available? I see BMW is offering a $1,000 Holiday credit.

    Thanks,

    Lee
  • I'd also love to see the residual and MF on 2013 X3 28i. Now that they've announced holiday cash.

    Thanks
  • ken954ken954 Posts: 13
    I'm looking at a 2013 X3 xDrive35i in Michigan, well optioned (premium, sport activity, tech, cold weather, bronze / beige). It has about 11K miles, I'm told driven by a BMW sales rep. MSRP was $54,095, invoice $49,740, being offered by dealer as certified pre-owned asking $48.8. I can't find any guidance on used pricing for 2013's. I had been looking at leasing a 28i, but seems like this 'might' be a good deal. Any suggestions on a reasonable offer? With the $1500 holiday cash, would leasing a new vs CPO be better? Also looking for residual / MF for new x35i's to compare. Appreciate any guidance anyone can provide.
  • with dealer incentives right now.expect to get about 8% off msrp
    so on that car about 4500 off a "new" car
    that dealer bought that car back for at most 44..

    I would pass thats way to high..
  • 1 quote i got this was just with a email
    Vehicle Price: $51,695.00
    Market Savings: - $4,040.00
    SmartChoice Price: $47,655.00
  • ken954ken954 Posts: 13
    Thanks Chaozz1 - I'm working with the dealer via email right now, just got more info. When I pressed for details, he now says it's a 2012 not a 2013, 13800 miles. No major work done, says they're doing the first oil change as they're prepping it for the lot, also claims tires, etc are all in great shape. Would $47K still be reasonable for a CPO 2012 with MSRP of $54,295? Not much savings given the $1500 holiday cash available on new 2013's...
  • chaozz1chaozz1 Posts: 49
    edited November 2012
    With all they are doing they are adding to the price of the car.
    If your willing to pay 47k you could get that same car new for 50k or less.
    BMW is known for huge discounts last 2 months so they can beat Mercedes.

    I would pick 4 or 5 dealers with in 100 miles of you..find the car on the web site from each dealer.That you like.Email saying I'm ready to buy whats the best price.
    now once all 5 come back with a price and start hounding you to come in.
    you can say well the other dealer is 500 less..

    I bet you will get a offer under 50k

    Example I leased X5D msrp was 68k agreed price 58K after a year and 13001 miles. I sold it for 51k.I owed 53k.That diesel sound was driving me crazy,
    BMW's take big hits in resale.Take your time.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited November 2012
    Hi Lee. BMW Financial Services' November 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 .00135 and 59% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '13 X3 xDrive28i are .00125 and 58%.

    The residual values for leases with only 10,000 miles per year are 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi sharkfighter. Please see my previous post for the information that you're looking for. Thanks.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Just wondering if the deal my dealer is offering sounds ok.

    2013 x3 28i msrp is 51,145 With incentives the lease is based on 46,000
    36 months, 15k miles/year no money down, sales taxes of 8.375 included in payment.
    Lease payment comes to 649.54/month

    Thank you
  • Hi Car_man

    Is this BMW Factory lease a good one? I am looking at 15k mile/year, how will the residual change?

    Well-equipped with Premium Package (Moonroof, Leather, Auto-dimming Mirrors, Lumbar Support, Ambient Lighting), Heated Front Seats, Power Tailgate and Destination charges.
    $429*/month for 36 months. $1,000 Holiday Credit and $750 Loyalty Cash included in payment.
    • $429 First months payment
    • $2,750 Down payment
    • $0 Security Deposit
    • $725 Acquisition fee
    • $3,904 Cash due at signing
  • Try to get it with First payment and tags only..

    Also if your not 100% your going to drive 15k a year, prior to lease end you can log on to your account,They will allow you to purchase extra miles at 16 cents, They add this amount to your remaining payments.This way if the higher mileage alters the residual value in negative way, You can keep that from happening.
  • Dont forget to take advantage of the MSD's.. they can easily bring your monthly payment down by $30/40 a month by lowering your money factor!

    Lease I just got:

    2013 x3 2.8 (M Sport package) 10k/36m

    MSRP 50,700
    Holiday Cash
    Loyalty Discount
    BMW Apps
    MSD's
    $0 down
    $550 (everything rolled into payment; TAX/Bank Fee/DMV)

    Due at signing: 1st payment and MSD's ($4200 which you get back at the end of lease)
    :) :shades:
  • hithit Posts: 26
    Hey,

    Many thanks for this forum for the help - this is my 3rd car that I'm getting with the help of Edmunds forums. I'm looking to get a 36 month lease on a x3 3.5, can you please provide residual rates, money factor, and any applicable discounts? I have a 5series lease expiring, so I should qualify for loyalty discount as well.

    Please advise..

    Thank you!
  • Hi all,

    Got several dealerships to compete and am down to the following options:

    all are with the following parameters: 15k mi/year, 56% residual, MF 0.00125, 36 months.

    Option 1: Base X3 white/black with Premium Pkg and Roof Rail: MSRP $43,095, Selling Price $39,445. Due at signing $1,849.54, monthly payment incl tax: $512.65

    Option 2: Base X3 white/black with Navigation, Panoramic Moonroof, Roof Rail: MSRP $43,145, Selling Price $39,850. Due at signing $1,862.40, monthly payment incl tax: $524.51

    Option 3: Base X3 white/black with Panoramic Moonroof, Roof Rail: MSRP $40,995, Selling Price $37,705. Due at signing $1,833.29, monthly payment incl tax: $496.40

    From internet research option1 is $100 below invoice, option 2 $120 below invoice and option 3 $240 below invoice.

    I think these deals are good. Anyone agree or disagree? What else am I missing or need to ask the dealership?

    trying to decide between Option 1 vs Option 2 which comes down to a trade off between the Premium Pkg vs Navigation. My thoughts are Premium Pkg is comfort I would enjoy everytime I am in the car, while with Nav ... I am afraid after a few weeks it becomes a while elephant for me since I don't even bother with a portable Nav.

    Your thoughts guys and gals.
  • OK, all you lease experts...what are your thoughts on the following lease offer? I'm in Iowa, by the way.

    MSRP: $47,545 (2013 x3 2.8 + premium/cold/tech)
    Selling price: $44,595 (includes $1k BMW factory rebate)
    Trade-in allowance: $5,000
    Acquisition fee: $925 (seems high?)
    Miles/year: 10,000
    Lease length: 36 months
    Money factor: 0.00195 (seems high?)
    Residual value: $28,051.55 (59%)
    Sales tax: 6%
    Payment: $547.78 (seems high considering the $5k trade-in?)
  • flightnurseflightnurse 35K feetPosts: 1,641
    The money factor is tied directly to your credit score, so either the dealership is screwing with you and trying to make money on the deal, or your credit score isn't to the point to get top tier money factor. You might want to rethink the 5K down, that is a lot and for a lease it is not advisable.
  • Hi 1stbeemer1. Savvy consumers who are in an area that have a decent level of competition ad have good credit ratings can usually beat manufacturers' advertised lease payments by negotiating lower selling prices than the ones that were used to calculate the advertised payment. I wouldn't be surprised if you were able to beat this deal by a little bit by shopping around.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome back hit. BMW Financial Services' November buy rate lease money factor and residual value for a 36-month lease of a 2013 X3 3.5 with 15,000 miles per year are .00125 and 59% for consumers who qualify for its top credit tiers.

    There is a $1,000 holiday cash and $750 loyalty cash incentive on leases of this truck right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks, flightnurse. Interestingly, I don't think they've even checked my credit score, which is actually about as good as you can get. Looks like the dealer will have some 'splaining to do on Monday! I will also rethink the $5k down. Thanks for the advice!
  • Thanks for the lease term update. Residual for 36 mth 15k increasing from 56% to 59% will certainly lower the payments. I am going to negotiate further.

    Can you advise how much tire&rim usually cost? same also for end of lease insurance? is this worth buying? I don't want to have a sticker shock at the end of the lease.
  • re- read your post. is this only for the 3.5 trim not 2.8 trim?
  • sthodlasthodla Posts: 4
    edited November 2012
    Hi everyone,

    First time buying a car and I'm trying not to screw up the numbers too much.

    Car I'm looking for:

    2013 X3 28i
    Space Grey
    Black interior
    MSport
    Technology
    Premium

    Only have 1 quote so far and definitely seems on high side looking at the numbers on this site. But I'm not sure why?

    MSRP: 50950 (includes destination charge of $895)
    Market Savings: $2395
    Rebate: $1000
    SmartChoice Price: $47300

    Cash Down: $1345
    Monthly lease payments : $706 (36months / 12K)

    Now I tried to calculate the residual value of this lease based on the payments and then compare that with the residual % posted by car man

    Total Lease Payments = $26,761 ($1345 + (36 * 706)
    Calculated Residual = $23934 ($50695-$26761)

    With Car Man's numbers for x3 328, Nov 12
    Money Factor = .00125 (3% interest rate)
    Residual % = 58%
    Expected residual = $29,403

    Couple of thoughts/questions

    1. Priced this car out on TrueCar.com Factory Invoice = $47,515 / Average Paid = $49,159 / MSRP = $51,045. So based on the numbers he gave me, it seems like MSRP is fair. Am I right?

    2. Is the difference between expected residual and calculated residual the reason the lease rate is so high?

    Appreciate your help. Have to do this all over again for my car so I'd like to understand what's happening.

    Thanks,

    Oh - for reference, this is the post that made me feel like my lease rate was too high
    -------------------------------
    iameuro
    Nov 12, 2012 (10:58 am)

    Dont forget to take advantage of the MSD's.. they can easily bring your monthly payment down by $30/40 a month by lowering your money factor!

    Lease I just got:

    2013 x3 2.8 (M Sport package) 10k/36m

    MSRP 50,700
    Holiday Cash
    Loyalty Discount
    BMW Apps
    MSD's
    $0 down
    $550 (everything rolled into payment; TAX/Bank Fee/DMV)

    Due at signing: 1st payment and MSD's ($4200 which you get back at the end of lease)

    ----------------------------------------

    Also - Here's current deal on BMWUSA

    X3 328i

    Well-equipped with Premium Package (Moonroof, Leather, Auto-dimming Mirrors, Lumbar Support, Ambient Lighting), Heated Front Seats, Power Tailgate and Destination charges.

    $429*/month for 36 months. $1,000 Holiday Credit and $750 Loyalty Cash included in payment.
    • $429 First months payment
    • $2,750 Down payment
    • $0 Security Deposit
    • $725 Acquisition fee
    • $3,904 Cash due at signing
  • Hello,

    What is the Residual and Money factor for an 2013 X35i for 12k a year and 48 month term. How does it change for 15k a year. Thank You
  • Do less miles you can always buy more at 16 cents each if needed.
    must purchase miles couple month prior to lease end.or they charge you 20 cents.
  • Where are you located? if you are near NY City, you I can provide you with a leasing company that can match my deal.

    Your payment seems way high!
  • kball2kball2 Posts: 39
    Car Man -- you indicate a rate of .00125 and 59% for a 2013 X3 3.5 with 15k miles per year. Aren't these the rates for the X3 2.8?

    I am interested in a 2013 X3 3.5 for 36 months at 10k miles per year -- can you please confirm the latest money factor and residual %?
  • I've also been trying to negotiate a lease for an X3 and this is the response I received from the dealer on the MF: The .00125 you’re seeing is wholesale. My finance manager would like to make a profit, thus the retail rate is .00165.

    I've been reading these post and it seems to me most folks are getting the .00125 or the rate we see from Car_Man, so I'm losing trust in the dealer.

    We continue to haggle over the pricing as well. I offered $750 over invoice for my configuration but they countered at about $2500 over invoice. We've been doing this all over email.

    I'm in the Twin Cities and there are two local dealers that I'm trying to have compete but they both are high on the sell price.

    Am I just in a bad market or do I really need to sit for hours at the dealer to haggle?

    Appreciate any insights.
  • Hi Fellows,

    I have recently re-located to Miami from overseas. As a result, I currently have no credit scrore whatsoever.

    I am interested in leasing a 2013 BMW X3i 28 for my wife's use. BMW has a special leasing program, where in they lease vehicles to International Executives, who necessarily do not have the best credit score in the country (due to new relocation / move to USA).

    Based on all information from the local dealerships in Miami, I have been quoted approx. $650+ per month (based on monthly payments + apportioning the down payment of $4K).

    This is obviously super high, considering what I have read on this forum.

    Can someone guide me into the basics of leasing or suggest me a dealership around Miami, so that I can save myself from being screwed royally by the dealerships here.

    Thanks in anticipation.

    Regards,
  • Unfortunately this is going to be a cali car but thank you for the offer.

    What leasing company did you work with?

    I just started engaging with a car broker to see I can find a better deal since I'm heading of the country for 2 weeks on vacation and need to make a decision before the end of the year.

    I'm targeting around $550 for an x3 28i + Tech + Premium + Comfort Access with 0 down. Not sure if that's going to work out.
This discussion has been closed.