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BMW X3 Lease Questions

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  • Just leased a 2008 Service Loaner with 4500 miles. Here are the specs:

    MSRP 45,300
    Sales 39,783

    Net Cap 39,033
    Res 28,389.60 (63%)
    MF: .0014

    Base Month 390.04
    Use Tax 35.10 (purchased out of state)

    Total Lease Payment 425.14

    Monaco Blue
    Xenon
    Sport Activity Package
    Cold Weather
    Heated Steering wheel
    Premium
  • 12,000 miles per year.
  • You're very welcome, crazydclawyer. I'm glad that you like this forum so much. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 X3 with 12,000 miles per year are .00190 and 62%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi kawakibi. It sounds like the dealer is calling this car's acquisition fee an assignment fee. BMW Financial Services charges a $725 acquisition fee on every vehicle that it leases. The dealer is marking that fee up by $200 on your deal.

    Also, BMW Financial Services' current buy rate lease money factor for the 2008 X3 is .00125. The dealer is marking this up as well. If you live in an area that has a decent level of competition you should be able to get the dealer to charge you the base money factor and acquisition fee.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Congratulations on getting your new X3, pitthockey. Thanks for taking the time to share the details of your lease with everyone. If you haven't already, make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience. Enjoy your new ride :shades: !

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

    I am thinking about leasing a BMW 2009 X3. I went to a dealership this afternoon and this is what they offer. The MF and RV all seem consistent with what you provided on previous post. I am not sure about the purchase price, which is higher than the invoice price and lower than the TMV. Could you please let me know how much above invoice price would be a good price? Also, for some reason the invoice price provided by Edmunds doesn't show an additional charge for the color (Vermillion Red Metallic). Is that reasonable?

    Thanks!

    MSP: 47,925
    Purchase price: 45,999
    MF: 0.0019
    RV: 62%
    Term: 36months, 12Kmiles per year, no downpayment, no tax upfront
    Monthly payment: approx. 625

    Options:
    Vermillion Red
    Navigation
    Sport Activity Package
    Cold weather package
    Premium package
    Heated steering wheel
  • Is leasing a 2006 CPO considered a viable option?
    Is the BMW FS money factor known for this?
  • Hi, does anyone have any idea on how difficult it is to extend a 2 year lease to 3 year? I leased 2007 X3 in Feb 07 with following details, i want to extend it by another year and possible change termto 3 year 36K miles.

    2007 X3 leased in feb 2007
    MSRP: 43095 (nav,xenon,bmw assist,privacy,Park Distance Control)
    Lease Price: 41011
    24 Months/15K miles
    Money Factor: .0015
    Residual: 75%
    Payment including NJ Tax of 7% is 508.
  • jayriderjayrider Posts: 3,194
    Why not visit the dealer and ask?
  • fgaz1fgaz1 Posts: 14
    Looking to buy tomorrow a New 2008 BMW X3. also going to price a infiniti ex35 and Mercedes ml350, but on those models i have price data.. I am not seeing anything that gives me a idea of what i should pay for the 2008 X3. keep in mind im buying this at the end of the year..should it be hard to find 6-7000 grand off..any input would be great...No lease...
  • There aren't any purchase incentives on '08 X3s, other than the 0.9% financing for 60 months...

    So... invoice is probably the best you can hope for on a brand-new one.. That's $3K-$4K off, depending on options...

    They do have a pretty good lease program, still..

    regards,
    kyfdx
    Host-Prices Paid Forums

    Moderator - Prices Paid, Lease Questions, SUVs

  • billmvbillmv Posts: 142
    fgaz1.....Have you noticed that you're in the wrong forum to get purchase price info? This is the leasing forum, and you say you're buying, not leasing. Try the X3 Prices Paid forum.
  • We visited a BMW dealership in Northern California yesterday to try to lease a X3. These are the details that were presented to us:

    2008 X3 - Premium option & Navigation
    MSRP 45,825
    Capitalized cost 42,897
    Bank Fee 925
    Drive off 2,500 (1st payment, cap reduction of 1,354.02, DMW, fees)
    Rate: 0.00140
    Residual: 25,203.75

    Based payment 574
    tax 44.51
    Total 618.81

    We feel the rate is too high. Can someone tell me if these numbers make sense? Thank you for your help.
  • Sorry, it's a 36-month lease with 12,000 miles per year.
  • nbergnberg Posts: 1
    i just visited dealer for 2009 X3 metallic black leather seats heated seats and steering wheel and privacy glass. $ 3700 up front( fees/deposit/first month payment).
    3 year lease/ 30,000 miles. $ 550 incl taxes. does this seem like a ball park figure to start? how close to invoice price can i get for my cap cost?
  • Vehicle=2008 White
    Cold Weather
    Premium
    Sport
    Servotronic
    MSRP = 44925 w/dest
    Net cap cost = 42,925 ( invoice appears to be 42070)
    Res% = 0.6 X Net cap
    MF = 0.0014
    Zero down (taxes and fees only...no wierd fees noted)
    Monthly payment, pre tax = 573

    Need some advice cuz I notice that Res% and MF seem to move around month to month. Also need the latest info on current (Jan/09) #s for this because at the dealer they told me the Res% is now .42 or so on 2009s. Also what might be the same numbers if I buy a leftover 08? Also noticed in my little Excel sheet that residual%s diffs of 2 or 3 make a pretty big difference...
  • Hi coolgirl2008. If I was in the market for an X3 right now, I personally would shoot for $500 over dealer invoice and see what happens. That sort of selling price and the use of BMW Financial Services' buy rate lease money factor are probably the best that you can hope for on this model right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi dollar_pound. Before even visiting the dealer to ask about extending your lease, try calling BMW Financial Services directly first. Ultimately they are the ones who decide whether you are allowed to extend your lease or not.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi nberg. You should be able to get an idea of how much you will have to pay for this truck at this time by visiting the "BMW X3 Prices Paid and Buying Experience" discussion. If I was in the market for an X3 right now, I personally would shoot for a couple hundred dollars over dealer invoice and see what happens.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi JWSBMWM3. BMW Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2008 X3 with 15,000 miles per year are .00125 and 60%, respectively. This truck's 12,000 mile per year residual value is 2% higher and its 10k resid is 3% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.