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BMW X3 Lease Questions

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  • Turns out the Edmunds calculator is the one that' screwed up. Finally got the numbers to work using Bankrate calculator.

    http://www.bankrate.com/calculators/auto/auto-lease-calculator.aspx

    MSRP: 48145
    Final: 43070
    Down : 2000
    Tax : 6%
    Lease Length : 36 months
    MF: 3%
    Residual Value : 24980

    Dep fee: 446
    Lease fee: 82
    Monthly payment: 529.51
    Usage Tax: 31.77
    Total Monthly : 561.28 (which comes very close to the posters $550);

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  • A BMW Dealer is offering a "BMW Lease Protection Limited Waiver Addendum" for the X3 that waives up to $5,000 in excessive wear and use charges that exist at the time the vehicle is turned in. The provider is BMW and the administrator is Safe-Guard Products International, LLC. The cost is $1475 for the 36 month 12,000 miles/year lease of a vehicle with MSRP of $55,895, invoice of 51,940. This is included in the total gross capitalized cost.

    I know that 4 tires for the X3 XDrive 35i M Sport could easily cost that much, so it seems that this might be a reasonable charge.

    Is anyone familiar with this offering, and what do you think of it?

    Thanks,

    Lee
  • $1475 insurance premium for $5000 of coverage that you may not need seems pretty high..

    On both of my BMW lease turn-ins, I owed $0...

    Also, they like to sell you these plans as, "you just drop of the car, and you don't have to worry about it..", but in reality, you still get the charges, and you have to make a claim with the insurance company...

    Moderator - Prices Paid, Lease Questions, SUVs

  • Thanks kydfx.

    I just returned the BMW I was leasing and three tires were under the minimum tread depth requirement. The charge is 300 per tire and the dealer was going to waive $500 of this as part of their lease return incentive when you buy or lease a new vehicle from them.

    Lee
  • So.... three bad tires and you are only out $400...

    Doesn't seem like a good reason to spend $1475, this time.. I'd rather have that money in the bank...

    Good luck!

    Moderator - Prices Paid, Lease Questions, SUVs

  • I'd be interested in your leasing company contact. Would you be willing to send it? I'm trying to lease a car before the end of the year to take advantage of the incentives. Thanks!
  • Hi, I live near NYC, can you give me the leasing Company that you used for the BMW X3?

    Thanks
  • ken954ken954 Posts: 13
    I'm looking at a demo with 6500 miles, MSRP is $45',945 dealer is offering 3 yr 10k mile lease zero down for $530 per month including 6% tax - does this sound reasonable? Invoice is about $43k, sell price is around $40k.
  • ken954ken954 Posts: 13
    Does anyone have feedback on this deal? $530/month (36 months, 10k miles / year) for 2013 x3 28i w/ premium, sport activity, xenon; demo w/ 6500 miles. No backup cam, nav, or smart key, but lease prices I'm getting for 'new' similarly equipped (but with tech) are close to $700. I hate to give on these options, but considering it if the deal is really good. Appreciate any feedback.
  • Seems high to me. There are a lot of xDrive28i's in inventory around here so I think you'd be able to negotiate a better deal on a new one, perhaps with the options you want. Get and confirm all the details such as money factor they're using (should be .00125 on the 28i), actual selling price, etc.

    I'm in Southern California and just acquired a 2013 X3 xDrive35i on 12/22 with MSRP 55,895. These are in shorter supply than the 28i. I went with 12k miles per year for 3 years, but here's the quote I got for 10K miles/year:

    2013 BNW X3 xDrive35i
    MSRP- $55,895
    McKenna Internet Price- $51,940
    36 month lease with 10k miles annually
    Acquisition Fee- $925
    BMW FS Loyalty- ($750)
    BMW Holiday Rebate- ($1000)
    Ultimate Drive Rebate- ($300)
    Driveoff- $1274.23 - 1st month payment, tax and DMV Fees
    $596.15 plus tax= $642.35 for O.C. Residents**
    ** On approved Credit with BMW FS

    Rate- .00135
    Lease Factor (Residual%) 60% for 10k miles
    Residual- $33,537

    Hope this helps,
    Lee
  • ken954ken954 Posts: 13
    Lee - Thanks so much, appreciate all the detail. Sounds like you got a great deal - competition doesn't seem to be so strong in Michigan. Most dealers have less than 10 x3 28i's, and I'm lucky to find any 35i's. I don't have access to the loyalty or ultimate drive rebates (not a current owner).

    Wasn't sure how much I should knock off for 6500 miles, but based on your info it sounds like I should be closer to $500 / month or less, not willing to compromise for savings of less than $100 / month.

    Thanks again,
    Ken
  • Hi Car Man,

    I will be shopping to lease a new 2013 BMW X3 within the next two weeks in Atlanta, GA. 36 months, 15k miles/year. Do you have any infomation on what money factor and residual I should be looking for? My credit score currently is mid 700s. Also, what types of credits should I be aware of since I will be too late for the holiday credit? I did lease with BMW Financial in 2007-2010, would I qualify for the Loyalty credit?

    Thanks for your reply!
  • kerbkerb Posts: 84
    edited January 2013
    Greetings Car_Man:

    Am assisting a friend with a lease of the above referenced car. Could you kindly provide the buy rate and residual for 36 and 39 month leases with 12k and 15k. Additionally, are you aware of any incentives beyond the $750 loyalty?

    Many Thanks.
  • chaozz1chaozz1 Posts: 49
    always go with less miles, If you go over you can buy them before lease end for 16 cents.
  • sk_websk_web Posts: 5
    I am new to this forum and this is my first lease that I yet to sign

    x3 28i - premium pkg, tech pkg, roof rails, comfort keyless entry, 36 month/10K year.

    3000 total drive off including 1st month payment, taxes etc.

    MSRP: 47,695
    Residual value: 27,992
    Lease factor: 0.00125

    lease payment: $499 + tax per month

    good deal?

    I feel like the residual value is high in case I need to buy it after 3 years isn't it?

    Please let me know.
  • Hello georgiagirl13. BMW Financial Services' January buy rate lease money factor and residual value for a 36-month lease of a 2013 X3 xDrive28i with 15,000 miles per year are .00130 and 57% for consumers who qualify for its top credit tiers.

    The only cash incentive that I am aware of on this truck right now is $750 owner loyalty cash. I suspect that 2010 is too long ago to qualify for the loyalty cash, but it doesn't hurt to ask.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey kerb. BMW Financial Services' January buy rate lease money factor and residual value for a 36-month lease of a 2013 X3 28i with 15,000 miles per year are .00130 and 57% for consumers who qualify for its top credit tiers.

    I don't think that BMW is running 39-month leases this month.

    The residual value for a lease with 12,000 miles per year would be 2% higher.

    The loyalty offer is the only cash that I am aware of on this model right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • kerbkerb Posts: 84
    Great, thank you!
  • sk_websk_web Posts: 5
    Carman,

    Can you please look at previous post and let me know if this is a good deal I am getting? The dealer has ordered the vehicle but I am yet to put any deposit.

    thanks
  • Thank you so much for the info! I'll start shopping for a good deal.

    Regards,
    Georgiagirl13
This discussion has been closed.