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BMW X3 Lease Questions

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  • kyfdxkyfdx Posts: 27,687
    You'll have an acquisition fee... I'm guessing if you don't see that elsewhere, that's what the assigment fee is. BMWFS charges $725, but alllows dealers to mark it up for extra profit. The max charge is $925.. the first $725 goes to BMWFS, not the dealer.

    Dir Admin? sounds like padding... I'd try to get rid of this, or get the price lowered by a comparable amount.

    regards,
    kyfdx

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  • fllcfllc Posts: 17
    Thanks so much. He tried to say it was like a doc fee. But that's not the norm for a lease, right? I mean is there a doc fee for a lease?
  • fllcfllc Posts: 17
    There is also a tire/rent/batt fee of $60.00 - not much but just wondering if its legit?
  • kyfdxkyfdx Posts: 27,687
    Most dealers try to charge a doc fee.... It really doesn't matter if it's lease or buy..

    But, $630 is outrageous... but, typical for Georgia or Florida.

    For example, some states restrict the amount of doc fees.... California is $55 max and Ohio is $250 max..

    Just go back and tell them.... they've bumped the acquisition fee by $170 and added a $630 doc fee... That's $800 more than you want to pay. Will they bargain? Who knows. It's possible that they wouldn't have agreed to your sale price, if they thought they couldn't add those charges, so they may be at their bottom dollar. But, if you are willing to walk over it, they may drop another $500-$800 off the price.

    regards,
    kyfdx

    MODERATOR
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  • kabbalahkabbalah Posts: 38
    Car Man,

    Can you please give me the 2011 x3 3.5 engine residual values for 36 and 42 months(if any) for both 12k and 15k per year. Comparing this to an Audi Q5 (2012). Audi buy price is about 5k less for a comparable vehicle. I didn't look at Audi lease rates. Any opinions? Any idea when the 2012 X3's are out?

    thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kabbalah. BMW Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2011 X3 35i with 15,000 miles per year are .00195 and 56%, respectively for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical 42 month lease are .00195 and 48%, respectively.

    The residual values for leases with only 12,000 miles per year are 2% higher.

    If you are a loyal customer, the money factor would be .00030 lower.

    BMW's lease program for the X3 is really not that great right now, but I don't think that a Q5 would really be any cheaper to lease.

    Car_man
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  • ar15ar15 Posts: 58
    I'm looking at the X3 lease details. Does this lease only allow 10K miles per year? Or is it 30Kmiles per year?

    : " At lease end, lessee will be liable for disposition fee ($350.00), any excess wear and use as set forth in the lease agreement and excess mileage charges of $0.20 per mile for miles driven in excess of 30,000 miles."

    http://www.bmwusa.com/standard/content/Vehicles/2011/X3/xDrive28i/OfferDetail.as- px?NAModelCode=1195&OfferType=1&regiontypeid=5
  • rnmtrnmt Posts: 11
    Can either one of you please give me the September 2011 money factor and residual values for 36 months for both 12k and 15k per year for a 2011 X3 28i.

    Thanks
  • kyfdxkyfdx Posts: 27,687
    10K per year.. 30K total...

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  • ar15ar15 Posts: 58
    !0k per year. I bet they don't sell many of those leases.
  • kyfdxkyfdx Posts: 27,687
    Hmmm... I just signed one... ;)

    But, I know what you mean... most of ours are for 15K/yr... On a BMW lease, the residual drops by 3% when going from 10K to 15K per year..

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  • Hi rnmt. BMW Financial Services' September 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.

    The money factor is .00030 lower for loyal customers.

    The residual value is 2% higher for leases with 12,000 miles per year.

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

    Is the September MF and residual the same for both the 2012 X3 28i & 35i?

    Also, can one use the $1000 loyalty discount AND the .00030 MF reduction on the same lease?

    Thanks
  • Hi dwoolman. BMW Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2012 X3 28i with 15,000 miles per year are .00195 and 55%, respectively for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical lease of a '12 X3 35i are the same.

    Unfortunately the $1,000 loyalty cash and .00030 loyalty money factor reduction are not compatible with each other.

    Car_man
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  • Hi,

    My 2008 BMW lease term is coming due. I am considering a 2011 or 2012 X3 28i with xDrive.

    Two questions for the group:

    1) Can someone help me to make sure I have all the savings options covered?
    - $1,000 cash or .00030 reduction for customer loyalty
    - $750 dealer cash
    - multiple security deposit reduction of money factor
    - AMEX carbuying price
    - Anything missing?

    2) Can someone share the October 2011 lease rate numbers for both the X3 28i and X3 35i?
    - 24 month, money factor, residual value (12,000 miles / year)
    - 36 month, money factor, residual value (12,000 miles / year)

    Thanks!
  • rnmtrnmt Posts: 11
    edited September 2011
    Unless you pick one from the lot, it's going to be 2012's since they switched production recently. I know because I ordered an X3 28i Sept 13 for Oct 20 delivery and I am getting a 12, not an 11.

    Are you positive on the $750 dealer cash? I did not hear about it.
  • rnmtrnmt Posts: 11
    What are the October 2011 lease rate numbers for the X3 28i (money factor and residual value) for 15k/year?

    Thanks
  • Hi soupaman. The loyalty incentives are correct, but I don't think that there is $750 dealer cash on the X3 right now...at least not that I am aware of.

    BMW Financial Services' buy rate lease money factor and residual value for a 24 month lease of a 2011 X3 28i with 12,000 miles per year are .00195 and 64%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36 month lease are .00195 and 58%.

    The numbers for the '11 X3 35i are exactly the same.

    The money factors for loyal customers are .00030 lower.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi rnmt. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 X3 28i with 15,000 mies per year are .00195 and 55%, respectively for consumers who qualify for its top credit tier.

    The money factor would be .00030 lower for loyal customers.\

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rnmtrnmt Posts: 11
    Purchased 2012 BMW X3 28i (ordered on Sept 13, delivery at Performance Delivery Center in Spartanburg SC - BMW factory - October 20 - would highly recommend) with the following options:

    Premium, convenience, sport activity, cold weather, and technology packages, BMW apps, brushed aluminum, chestnut brown leather, Bluewater metallic exterior

    MSRP $49,125
    Sales price: $46,280
    Acquisition fee $725
    doc fee $195
    Due at signing 1st payment and registration
    Lease $759.13/month
    0.00195 money factor
    Residual 55%
    15,000 miles/year
This discussion has been closed.