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BMW X3 Lease Questions

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  • jmcbmwjmcbmw Posts: 62
    Hey car_man & kyfdx, do either of you have June 2012 lease rates for BMW X3 28i? 36 month, 15K. I ordered in May but can get whichever month has better residual and money factor. Have a week or so to go before I get the X3. Thanks!
  • jmcbmwjmcbmw Posts: 62
    I got the info in case anyone is interested. Everything the same this month on the X3's (residuals) except the Money Factor has dropped to .00185. Every little bit helps!
  • A neighbor is going abroad for a year, and drives a 2006 BMW X3. He will want the car back a year from now.

    I am interested in leasing the car for the year while he is gone, and my neighbor is receptive to the idea, since it would keep the car in active use and keep him from having to pay to store it.

    I need to come up with the appropriate monthly price to lease the car, but don't know how to do this. The car is in good shape, but based on its age, I am guessing a fair lease price would be $100 a month or less. There would of course be no up front fee or any of that nonsense, just a straight monthly amount.

    A good starting point would be the "second lease" price on a 3-year-old X3. Anyone know where I could find this?

    Related question: does anyone have a sample person to person lease agreement document that I could use as boilerplate text to create our lease agreement?
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,879
    $100 per month? I think you've seriously under-priced that...

    But, this seems like a bad idea, all the way around. Who pays for repairs and maintenance? What happens if you have an accident? If the current owner has a loan on the car, you can bet it specifically prohibits leasing to a third party.

    However, the simplest way to value the use of the car is to use depreciation. What's the car worth now? How much is it worth in one year, with XXXXX more miles on the odometer? In a person-to-person lease where the lessor is just trying to mitigate his expenses for a short term, then that amount would be fair. If you were actually leasing a used car, you'd also have finance charges included in the lease (which can be substantial).

    So, let's say his 2006 X3 is worth $16,000... and, after you drive it for a year, it's worth $13,000.. $3000/12 months = $250/mo.. (and, that's without any sort of finance charges).

    That's just an example... you can fill in your own numbers... but, it's hard to just maintain an out of warranty BMW for $100/mo....

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited June 2012
    Hey jmcbmw. BMW Financial Services' June buy rate lease money factor and residual value for a 36-month lease of a base 2012 X3 28i with 15,000 miles per year are .00190 and 53%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jmcbmwjmcbmw Posts: 62
    Thanks for you reply Car_man, I am planning on leasing a 2013 (not 2012) X3 28i. Was told the MF is .00185 instead of last months .00190, the residual I was told is 55%.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome jmcbmw. The numbers that you were quoted for the 2013 model are correct.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • uasounduasound Posts: 2
    Good morning, I'm considering the lease of 2013 X3 35i. I'm looking at different lease terms and annual millage combinations. Could you please provide the August money factors and residuals for the following:

    24 mo 10K/12K
    36 mo 10K/12K

    I have built the car with options I want online on bmwusa.com and sent the quote request to one local dealer. I took the suggestion of one user on this forum to order online and wait 4-6 weeks for the car to be built. How different is the process of negotiating the car that is ordered online vs the car that sits on a lot?

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the information that you're looking for uasound. BMW Financial Services' August buy rate lease money factor and residual value for a 24-month lease of a 2013 X3 35i with 12,000 miles per year are .00145 and 64%, respectively.

    The numbers for an otherwise identical 36-month lease are .00145 and 58%.

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

    Typically dealers seem to be more willing to negotiate on vehicles that they want to get off of their lots and out of inventory than they are on orders, but your mileage may vary.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • uasounduasound Posts: 2
    Thanks, Car_Man! Your tip leads me to another question

    Dealer offers 1000 over invoice for 2013 and 1000 off team USA. Do you think I can get 2012 model for less than invoice? If I see a dealer having just one 2012 model left on the lot, what should I be targeting during negotiations? Let's say invoice is 45000.

    uasound
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome uasound.

    It's difficult to say, but I suspect that if you are in an area that has a decent level of competition that you may be able to get a 2012 model for a couple hundred dollars over dealer invoice. BMW really didn't provide much in the way of cash incentives on the X3 so you probably won't be able to do much better than that.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Recently finalized 2013 X3 (4 cylinder) lease with my local BMW dealership. Options included premium pkg, cold weather pkg, technology pkg, and app. Sticker price is around $47,500. I signed 36 months (10k mi/yr) lease for $549 and $2980 down. Is this a good deal?
  • Hello everyone,

    These forums have really been a great help to me so here is my contribution.
    I was looking into leasing a 2013 X3 35i with premium package, sparkle bronze, 3 years, 10,000 miles/year and $2000 for cap cost reduction to keep the monthly payments at a reasonable level.
    I got quotes from several dealers and there seems to be a very decent level of competition in the area.
    There are almost no 35is available out there and the few available are loaded beyond $52,000. If you are looking for one with premium package only, you will have to order it and wait for approx 4 weeks.
    MSRP was $47,995, discount price offered from dealers was comprised between $44,700 and $45,200, and monthly payments were between 550 and 570 per month (+taxes) with the $2000 cap cost reduction included.
    DC lease tax works a bit differently in the sense that you do not have to pay the taxes upfront like in other states. In DC, 10% of the monthly payment is added for tax.
    The only cash needed to close the deal (in addition to the cap cost reduction) is first month's payment and registration (approx $300). Everything else is included.
  • Hi Car_man or kydfx:

    Could you provide current lease rates and customer loyalty/other incentives for the 2013 X3 xDrive35i:

    10k/12k miles/year, 36 months

    I have a 135i Convertible lease ending around the end of the year. One dealer mentioned that BMW would waive the disposition fee on my current vehicle if a sign a new lease - is that normal?

    Thanks,

    Lee
  • One dealer mentioned that BMW would waive the disposition fee on my current vehicle if a sign a new lease - is that normal?

    Yes... BMWFS has done that as far back as I can remember..

    Moderator - Prices Paid, Lease Questions, SUVs

  • flightnurseflightnurse at 35K feetPosts: 1,523
    Not too sure if this out of your expertise but, what are the pit falls of the BMW Select Fiance option?

    Thanks
  • Here you go Lee. BMW Financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2013 X3 xDrive35i with 12,000 miles per year are .00145 and 58%, respectively for consumers who qualify for its top credit tier.

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

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • This deal seems pretty solid to me, but would appreciate any expert advice/opinion. Thanks in advance.

    $585/month -- 36 months -- 10k miles per month

    MSRP: 47295 (Cold weather, Premium, Technology, etc.)

    Money Factor: .00145

    Residual: 59%

    Lease end Value: 27904

    Initial Cap Cost 43995
    Adjusted Cap cost: 45136

    Only first month payment + tax, title etc. due at lease inception
  • Thank you for sharing this information.
    Can you please provide more information about Adjusted Cap cost. What incentives did you use?
    Also what are the total inceptions? Thanks
  • Hello Car_man,

    Need some help here.
    Just got a quote for 2013 X328i.
    Build: Base + Rear Camera

    MSRP: 40545
    Selling Price: 38545

    For some reason he is giving me MF: .00185 (with my credit score ~760 and I have a history of leasing 2 vehicles)
    Residual: 59%

    $540 1st payment
    $318.50 license plate
    $925 acquisition fee
    $599 dealer fee
    $95.43 tax on fees. (Florida)

    Monthly payment - $540 (inc. tax)

    No incentives and no dealer cash.
    I feel it is not a good deal at all. Please advise what can be done here, thanks in advance.
This discussion has been closed.