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BMW X3 Lease Questions

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Comments

  • jasonmdbmwjasonmdbmw Posts: 117
    2014 X3 35i money factor is .00130 and 57% for 12,000 miles/yr
  • kyfdxkyfdx Posts: 29,835
    It varies, depending on your state. Where do you live?

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • cscottmdcscottmd Posts: 3
    edited March 2013
    I'm looking at a 2013 X3 28i with technology, premium, premium sound, sports activity, xenon lights, and heated front seats. MSRP is $49,895 and invoice is $46,300.

    First dealer wasn't willing to go under $47k with .00145 MF and 3k cash down for $641/month. This also includes Maryland taxes which are on the total cap cost and account for about $75/month.

    I went to a second dealer and they are willing to beat the first and bring it down to $620/month. The finance manager hasn't given me their MF yet as she said she may play with the numbers for month-end targets (either adjusting sales price or MF to benefit sales or finance groups). Is $620/month a good deal given the steep taxes?

    Thanks!
    Chris
  • This is NOT correct. This is for 2013. The production on 2014 has started, the rates are different. Unfortunately while trying to clear out the 2013 models, the MF are higher and residuals lower making for a worse off lease.
  • flightnurseflightnurse 35K feetPosts: 1,648
    why has BMW started on 2014 so early has BMW done a major redo of the X3 ?
  • jasonmdbmwjasonmdbmw Posts: 117
    It is correct and I have the bulletin to prove it. And 2014 X3's start production on April 1st
  • flightnurseflightnurse 35K feetPosts: 1,648
    Again, why has BMW started on the 2014 model so early, have they done a redo of the X3 already?
  • jasonmdbmwjasonmdbmw Posts: 117
    No they haven't done a redo of the X3 yet. I believe that is set for 2015 but not a full model change. This is just the way the X3 production is set up. The 2013's came out at this time last year
  • flightnurseflightnurse 35K feetPosts: 1,648
    Are you sure this isn't a April fools joke?
  • kyfdxkyfdx Posts: 29,835
    Didn't they switch model years in April, 2012 because of the switchover to the turbo-4?

    You can see why they wouldn't want a model year to stretch longer than a year.... especially with a lot of leasing... Too much mileage variance between vehicles of the same model year... negatively affecting resale...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • jasonmdbmwjasonmdbmw Posts: 117
    Yes that's when the X3 28i got the turbo 4
  • cscottmdcscottmd Posts: 3
    Hi folks, any thoughts on this lease? I should have mentioned before this is for 10k miles and 36 months. Payment is $620/month which includes about $75/month for Maryland taxes (tax on total cap cost). MSRP is $49,895. Is this a reasonable deal? Thanks!
  • In the process of leasing x3 28i for 36 month with 15000 miles.
    with the following packages

    Sport Activity Package

    Cold Weather Package

    Dynamic Handling Package

    Premium Package

    Premium Sound Package

    Technology Package

    rubber mats

    Total price of vehicle was 51 plus not including tax...my receipt doesn't state residual value.. tax or doc fees..it just list options and down payment/monthly payment....Salesman just started working there i guess.
    just 2700 total out of pocket...don't know exactly what this includes or what fees im paying.
    loyalty rebate of 750 goes to dealer i believe...that much i know coz of the promo

    599 monthly payments...

    I just gave them a list of options and they charge my credit card for 1000.00...it happen so fast that ..I didn't even get a chance to negotiate. I was hoping to get lower payments since im currently paying 559 a month on a 2010x3
  • jasonmdbmwjasonmdbmw Posts: 117
    I'd say that's a reasonable deal. Depending on what the final price is and if they work on the MF a little bit more, you could possibly get into the low $610's but I wouldn't stress to much over it
  • cscottmdcscottmd Posts: 3
    That does make me feel better. When comparing to other posts, $620 seemed very high, but I wasn't factoring in the MD cap cost sales tax. Thanks for the feedback. I'm getting my car at the end of the week and this puts my mind at ease.
  • laufuyanlaufuyan Posts: 2
    Just leased a 2013 X3 xDrive28i today...

    MSRP $38,500.00
    Space Gray Metallic $550.00
    Black Leatherette Included
    Roof rails in Aluminum Satin $250.00
    Navigation System $2,150.00
    BMW Asst w/enhanced BT & USB Included
    Real Time Traffic Information Included
    Destination Charge $895.00
    Total Suggested Retail Price $42,345.00

    Lease term: 36 months, 10000 miles per year

    Monthly payment: $406.89 + tax = $443.51

    Paid upfront:
    $750.00 (Capitalized Cost Reduction)
    + $443.51 (first month)
    + $345.00 (Initial License Fees)
    + $72.45 (Sales Tax)
    + $725.00 (Acquisition Fee)
    + $15.00 (Electronic Vehicle Reg or Transfer Charge)
    + $67.50 (Sales Tax on Capitalized Cost Reduction)
    + $80.00 (Document Processing Charge)
    + $7.00 (California Tire Fee)
    - $750.00 (Loyalty)
    ------------------------
    $1,755.46 Paid on delivery

    Did I do ok???
  • flightnurseflightnurse 35K feetPosts: 1,648
    Yes you did, however, I would never lease a car with less then 12K a year....
  • laufuyanlaufuyan Posts: 2
    edited April 2013
    The 3 series that I returned to the dealer had approx 16k miles after driving it for 21.5 months (the lease was supposed to end in late September)... so 10K is enough for my usage...

    But if I do go over 30K miles (most likely not gonna happen) it's 20 cents a mile... which sounds pretty reasonable.
  • I have been shopping for options, from 5 series to X3. Does anyone have info on the current residual value and money factor for x3 28i, 36 months lease?

    Thanks in advance!
  • chaozz1chaozz1 Posts: 49
    If you pre pay the miles before your last payment online.
    BMW will sell you miles at 16 cents.
  • jasonmdbmwjasonmdbmw Posts: 117
    MF is .00129 and RV is 57, 59, and 60% for 15, 12, and 10k miles/yr
  • Hey all - I need a reality check on some lease quotes I got yesterday at a BMW dealer here in Indiana. They seem a little high, but I'm also asking them to take my 2012 honda CRV (it's horrible in the snow and the honda dealer doesn't seem to think there's anything wrong), so maybe they're not being too generous. They payoff for the Honda is really close to the value, so it's likely the honda trade in will be a wash. Here's the X3 lease they're offering me:

    2013 X3 (this one is located at another dealership out of state)
    Red ext/ Sand beige interior
    Convenience package
    Cold Weather
    Premium
    Tech
    Satin Al roof rails
    Sat radio
    BMW apps
    MSRP $49445
    Discount of $1000
    They think it will be around $700 to get the X3 to the dealership
    0 down
    36 mo/12k lease
    7% state sales tax
    $750.26/month

    Other option 2014 X3
    Red/ Sand beige interior
    Cold weather
    Driver assist
    Lighting
    Premium
    Tech
    Sienna wood trim
    MSRP $50,695
    Discounted to $49,745
    36 mo/12k 0 down
    7% state sales tax
    $805.28/mo

    Seems a little high to me. anyone have any advice?

    Thanks in advance
  • flightnurseflightnurse 35K feetPosts: 1,648
    what's the money factor they are using? Those payments seem high to me...
  • Went back to the dealership this evening to get the full appraisal of my honda - looks like by the time the 2014 would be in (one month) my buyoff would be around $500 above trade in, so that got rolled into the cost and I got a little more off the total to $49519.
    Rate is 0.00169 and residual is 59%, payments now down to $795. (includes taxes and such)
    What do folks think?
  • chaozz1chaozz1 Posts: 49
    If your willing to spend that much get a X5 diesel .with eco credits etc you can get almost 10k off MSRP
    you could actually be cheaper then that X3
  • flightnurseflightnurse 35K feetPosts: 1,648
    They are getting you with the money factor, Since the top rated credit tier the money factor is much less then what you are being quoted. Personally, I would wait on getting a X3 if you can't not get the best rate, $800/m is a lot of money, when others on here have posted better monthly payment,
  • Thanks - that's what I was thinking. Unfortunately this dealership has a monopoly for most of the state so I don't think I can get the best deal around here. I have family who have recently bought a BMW in another state so I am having them check a deal with them for comparison. Thanks again!
  • flightnurseflightnurse 35K feetPosts: 1,648
    If you can shave off $200+ a month off a lease, then it is a no brainier to go to another city and get your BMW. I would also let your BMW dealer know you have talked to another a BMW dealer and they can do the deal for XX and monthly payment for XX to see if they are willing to be realistic, if not, have yourself a nice drive home. BTW, then take your BMW to your local dealer for service....
  • Yup that's what the plan is - just waiting to hear from my out of state family member to see what deal he can get.

    Unfortunately the local place doesn't offer a loaner car unless you get the car from them - although I'd save enough money over a couple of months to pay for a car rental for the 1-2 times a year it comes in for service. Good news is that I'm in no rush here - I've still got my Honda, and although I don't like it, it serves my purposes for the time being at a much lower monthly price than the new X3 would be.
  • chaozz1chaozz1 Posts: 49
    i would email dealers with in couple hundred miles, even the web site ad special is better then what your getting
    http://www.bmwusa.com/standard/content/Vehicles/2013/X3/xDrive35i/OfferDetail.as- px?NAModelCode=13XE&OfferType=2&regiontypeid=2
This discussion has been closed.