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BMW X3 Lease Questions

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  • Hi ladi. I would be happy to calculate what this truck's lease payment should be like using BMW Financial Services' actual lease program for you. However in order for me to do so I need you to provide me with its full MSRP (with the destination charge added in). Not only will knowing this truck's MSRP enable me to calculate a lease payment for you, it will also show me how much of a discount you are being given on it.

    Car_man
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  • Carman/Kyfdx--
    I'm looking at leasing a 2005 X3 3.0 in Southern CA. I found a dealer that has 5 identical X3s with an MSRP of $39,965 (incl. the $695 destination). I'm hoping to negotiate a price of $500 over invoice of $36,350, for a cap cost of $36,850. (Is the acquisition cost then added to the cap cost?) I need a 36 or 39 month lease (whichever deal is better) with 12k miles per year. Can you please provide the MF and residual, and calculate the lease payments, please? The tax rate here is 7.75%. Could you also calculate the lease payments at a cap cost of $37,350? Thank you so much!
  • Below was an opening offering in CT--any one have any comment?

    The MSRP of the vehicle w/Nav is $43,405 and that it is a 2006 BMW X3 3.0, 36 month lease, 12k miles per year, CT tax included.

    I am offering a $2,000 discount with tax included at $553.49 per month and $1790.99 due at signing (1st payment, bank fee, security deposit).

    Please double check because $406 per month with $1300 due at signing is impossible.
  • bdr127bdr127 Posts: 950
    Where did the $406/mo come from?
  • A dealer in the midwest ran an ad two weeks ago saying would deliver anywhere in the States. total upfront $2500, monthly $349 loaded but without Nav, i just extropolated from there. Anyone else seen that? What's realistic these days?

    Seem Touregs are being given much much better support, not that BMW ever gives much.
  • Midwest newspaper advert. $349mo, total of 2500 upfront w/o nav.
    I extrapolated from there, Thx Rich
  • bdr127bdr127 Posts: 950
    What do they mean by "loaded"?..... That's a rather vague term. To many people, any BMW would be consider "loaded", as it has power windows/doors/windows/seats, sunroof, etc. The base price for an 06 X3 is $37,475. Are they calculating $349/mo off of that?

    Need more details....
  • I was offered a "great" lease for a 2005 X3 (2.5 engine). MSPR at $34445 reduced down to 32000. MF is .0014 and a 61% residual for 3yr/12k. There is a $825 "Acquisition Fee." I'm putting $2500 down. After all that, the monthly price would be $357 including tax.

    Is this a great deal? I really don't want to pull the trigger unless I am sure I cannot get a better price elsewhere. Thanks!
  • Hi sailorstac. $500 over invoice is a good deal on this car. As far as the acquisition fee goes, you can either pay it at lease signing or have it added to your truck's capitalized cost and baked into your monthly payment. BMW Financial Services is not currently offering 39 month leases on this model, so you will have to go with a 36 month term. If you were to lease a 2006 BMW X3 3.0 though BMW Financial Services right now for 36 months 12,000 miles per year, its buy rate lease money factor and residual value should be .00175 and 62%, respectively. Using these numbers, an MSRP of $39,965, and a selling price of $36,850, I estimate that this car should have a zero down, pre-tax monthly payment of around $444. With a cap cost of $37,350, the payment would increase to around $458.

    Car_man
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  • Hello richneedsaleas. A $2,000 discount on this truck is probably around $1,500 to $1,600 over dealer invoice, which is not bad but in an area like Connecticut (unless you live in a rural part of the state), you probably have a number of BMW dealers and I would not be surprised if you were able to beat this price by a little. You may want to stop by the following discussion to see how much other community members have paid for similar trucks recently: sharkala, "BMW X3: Prices Paid & Buying Experience" #, 12 Mar 2004 8:58 am.

    For now, I will calculate a lease payment on this truck for you using the prices that you were quoted and BMW's actual lease program. According to my calculations, if you were to lease a 2006 BMW X3 3.0 with an MSRP of $43,405 and a selling price of $41,405 through BMW Financial Services for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $523.

    Car_man
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  • I am sorry to say, pictures, that the "great lease" that you were offered really is not as great as it initially seems. It appears as though the dealer that you are working with is marking-up both this truck's lease money factor and acquisition fee to add additional hidden back-end profit to your deal. BMW Financial Services' current buy rate lease money factor for a 3 year lease of an '05 X3 2.5 is currently .00100 and its base lease acquisition fee is currently only $625. Insist that the dealer that you are working with use both of these numbers in your deal. The selling price that you were quoted is good though.

    Car_man
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  • drtraveldrtravel Posts: 395
    Money factor is 0.00175 for 3-year lease with security deposit

    Residuals
    10K = 63%
    12K = 62%
    15K = 60%

    Happy renting
  • I just leased an 06 X3 and here are the details:

    MSRP: 38820
    Cap Cost: 36550
    Acq fee: 750
    Term: 36 month
    Base Pmt: 515.60
    Pmt W/tax: 551.69

    Did I get a good deal or not?
  • I need an opinion. I can buy 06 x3, msrp 40370, for 37970. I can lease for 36mos., 36,000 miles, $2990 down plus $500 security deposit, for $454, which includes tax. Good deal? Opinion on lease or buy. Thanks/.
  • Hi go_germany. It appears to me as though the deal that you got is a little less than $1,000 above invoice. This is a reasonable price for this truck right now. The acquisition fee that you were charged is a little high though. BMW Financial Services' charges a base lease acquisition fee of only $625 on vehicles. The dealer that you are working with may have marked this fee up a little bit to add additional hidden profit to your deal. The lease payment that you were given looks a little high to me as well. I just worked up a sample lease payment on this truck using the prices that you mentioned in your post and BMW FS' actual lease program and I came up with a 36 month, 15,000 mile per year, zero down, pre-tax monthly payment of around $473. The dealer that you got your truck from may have marked-up your money factor.

    Car_man
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  • Hi mrviti. The selling price that you were quoted for this truck looks reasonable to me. It appears to be less than $1,000 above invoice, perhaps like $800 or so. I just estimated what this truck's lease program should be using BMW Financial Services' actual lease program and I came up with a 36 month, 12,000 miles per year, zero down, pre-tax monthly payment of around $470 using the prices that you mentioned in your post. I based the payment that I worked up on zero down because I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your X3 would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all. Since you mentioned it, I also worked up a payment for an otherwise identical lease with a $2,990 down payment and came up with a monthly payment of around $382.

    Car_man
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  • I would like to lease a 2005 or 06 3.0 X3. But I really do not know alot about negotiating a lease. In order for the lease to work for me the monthly payment should be around 400 and mileage must be 15k. Please help me with the negotiation of my future dream car.

    MSRP
    Net Cost
    Net Cap Cost
    Acq Fee
    Money Factor fro Dec
    Security deposit
    Residual for Dec
  • I've been quoted 2 different options on a X3 that lists for 43,520. they are offering $1,000 discount. Upfront costs are about $1,163, 15K miles, 36 months $644 and 24 months $696.(both include tax) is this a good deal?
  • Greetings virgosista. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Once you have checked out these articles, stop back and let me know the full MSRP and an approximate selling price for the truck that you are interested in and I can estimate what its lease payment should be like.

    Car_man
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  • Hi tgameck80. A $1,000 discount doesn't sound like enough to me, especially in today's ultra competitive luxury SUV market. A base 2006 BMW X3 has a spread of $3,130 between its full MSRP and dealer invoice prices. If you are in an area where there is a decent level of competition for your business I would not be surprised if you were to negotiate a price that's $500 to $1,000 lower. You may want to stop by the following discussion to see how much other community members have paid for similar trucks recently: "BMW X3: Prices Paid & Buying Experience".

    Car_man
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This discussion has been closed.