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BMW X3 Lease Questions

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Comments

  • ericmolnarericmolnar Posts: 2
    Nuts...I forgot to specify 10,000 miles/year for the lease. Do you know what the residual would be?
  • kyfdxkyfdx Posts: 27,666
    Add 3% to the 15K numbers for 10K mileage allowance.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • cartalk1cartalk1 Posts: 13
    Do I qualify for the customer loyality reduction if I already have a BMW lease and want to lease an additional, second BMW? Or does the loyality only apply if you are returning a leased BMW?
  • srini4srini4 Posts: 1
    Hi,

    I am planning to lease a BMW X3 with the following options.

    2011 X3 xDr28i
    Deep Sea Blue Metallic
    Sand Beige Nevada Leather
    Brushed Aluminum Trim
    Premium Package
    Cold Weather Package
    Navigation System
    Park Distance Control
    Rear View Camera
    MSRP: 46,075

    The dealer came back with the following quote.
    36 months x 10k miles x 8k OOP = $459 a month
    Residual Value: $27,184.25

    This includes all taxes and fees. Considering I am paying 8K as down payment, is this a good deal?

    Appreciate your help.

    Thanks,
    -Srini
  • I just test-drove an x3 35i over the weekend and the salesman said that the residuals for that model were in the low 60s. Then I get his email today that stated that the residual was 56%, clearly shy of his "hunch" during the test. I've confirmed the 56% here in these forums, so I do not doubt his statement, but in the same email, he said that last month the residual was 60%, and that next month they are going to go down again.

    So, I suppose I would like to know when the best month to acquire a new car is? How do those changing residuals work?

    Thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Yes, cartalk1, I believe that you would qualify for the loyalty money factor reduction.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi brianjwagner. Vehicles' residual values typically gradually decline as the model year progresses. Having said that, automakers often improve their vehicles' money factors by an amount that enables them to offset any impact that the lower residual value would have on their vehicle's payment.

    So while this vehicle's residuals will be lower later on in the year it does not necessarily mean that its payments will be higher. BMW will ultimately set its payments based upon what the supply of and demand for this vehicle is when you want to lease it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • chiro444chiro444 Posts: 13
    Does BMW do 48 month leases? If so what would be the money factor and depreciation for 12k/year on the non turbo?
  • kyfdxkyfdx Posts: 27,666
    The BMWFS 48-month leases are unsupported... So, residuals are low and money factors are high....

    The 36-month leases are much cheaper... but, not cheap.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey chiro444. If you want to go longer than 36 months to lower your BMW's payment some, go with a 42 month lease. That's the longest term that its special lease program is available for. Quite frankly though BMW's special money factors aren't even that special right now, so there isn't as big a difference between its special and standard programs at this time as there normally is.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • fllcfllc Posts: 17
    Looking at leasing the 2011 X3 28i, with premium, technology, convenience packages - MSRP 46,675. I would only need 10k, but would like to know for 12k too. My current BWM lease is up Sept. 2011.

    What should I seek as the buy price? What is the money factor and residual that I should seek? Payment?

    Please help! I want to get the best deal possible. Located in Florida. Thanks.
  • Hi--my 2008 X3 lease expires in November and I'm already 1K over the mileage limit...trying to decide if I have any leverage to return the car early....either if I lease another BMW or just walk away...thoughts? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi fllc. Through the end of August BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2011 X3 28i with 12,000 miles per year are .00195 and 58%, respectively for consumers who qualify for its top credit tiers.

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

    If you are a loyal customer and opt not to take advantage of the $1,000 loyalty cash you are eligible for a .00030 money factor reduction.

    I'm not personally all that familiar with what the market is like for this vehicle in your area right now, but in general I don't believe that grosses on luxury vehicles are great in Florida right now. $1,000 or possibly even less over invoice would probably get the job done.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • ssabaghssabagh Posts: 8
    Does anyone know the july 2011 lease/money factor rates for an X3??

    thanks
  • fllcfllc Posts: 17
    Its right in the above post by the host.
  • iameuroiameuro Posts: 8
    Got into a new 2011 BMW X3 2.8 lease 36 months 10k/yr: Premium / Cold / Tech packages

    Let me know what you guys think:

    MSRP 46650
    Invoice 43500
    Cap Cost: 44,150- that was my purchase px

    Money Factory reductions:
    1) Loyalty
    2) MSD (multiple security deposits)
    3) BMW Drive for team USA event ($1000 cash)

    Monthly Payment $550 (tax in the payment)
  • mizzziemizzzie Posts: 1
    did you have to put any money down? I spoke to a dealer and they said $550 is not possible.

    i'm looking to lease a X3 myself.

    thx
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Ssabagh, BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2011 X3 28i with 15,000 miles per year are .00195 and 56%, respectively for consumers who qualify for its top credit tiers.

    This money factor is .00030 lower for loyal customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • iameuroiameuro Posts: 8
    Hi, $0 down.. I broke down everything I did to lower the payment.

    Your dealer is not telling you the truth.
  • fllcfllc Posts: 17
    I got a quote on an 11 x3 with msrp of 47,275 – factor invoice (Edmunds) 43,970 - sell price 44,950 – getting the loyalty factor of .00165 and 59% resid for 10 k

    Seems like a decent deal EXCEPT – what are the following charges?

    Assignment fee – 895.00
    Dir Admin – 630.77

    Are these normal fees or should I try to get them out of there?
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