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BMW X3 Lease Questions

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Comments

  • sburgsburg Posts: 1
    Have you ever used a Broker? Try Swap-A-Lease - they have lots of Brokers listed and you can save considerably on those numbers you have..
  • Hello folks,

    Got this one

    2014 X3 28i,
    Base price - 39,600
    Premium package (3,200)
    Heated front seats (500)
    Dest. / handling - 925

    total 44225, selling price 41800,
    12000 miles / year , 36 months
    cash on delivery - 4,594 (incl drive off, 1st payment)
    monthly payment - 476$. , before CA tax.

    Is it fair?

    Thanks,
  • flightnurseflightnurse at 35K feetPosts: 1,522
    Why so much down? $4500 is a lot, what is your money factor? On a lease, the goal is to put down the least amount as possible. This is not a good deal...

    Does the dealer have any 2013? I do not think there is much difference between a 2013 and 2014, you might be able to save some money..
  • I know - trying to understand why it is so high. Got 2 offers with relatively high down payment...
  • I am new to leasing and I have found this forum very educational.

    What I would like help with, is the best sequence of actions to conduct a lease.

    I have read that you shouldn't even mention lease to the dealer until you have settled on a purchase price. Is this the best first step?

    Also what is negotiable other than price? Is MF or residual value negotiable or is this set by BMW?

    Finally I am interested in a X3 28i and they now have both 2013 and 2014. Which one would be best to lease, I assume the 2014 because it probably would have a higher residual value but not sure if this is correct?

    Thanks for your help
  • jasonmdbmwjasonmdbmw Posts: 117
    Price is the price whether you lease or finance it. You can negotiate the price of course but residual and MF are set by BMW, though dealers can mark it up to .00167 from the base .00127 as long as you qualify for that top tier rate.

    The 2014's actually have a 2% less residual than the 2013's right now and you could get a better price on the '13. Its up to you if the new navigation, packages, and higher price is worth it or not to get a '14
  • steevosteevo Posts: 330
    edited May 2013
    It seems strange to me that a 2014 could be 2% less residual than a 2013. Imagine a 2013 and a 2014 with exactly the same MSRP, fast forward to the year 2016, put 24000 miles on both cars, and then value the cars. The 2014 will NOT be valued at less than the 2013. NO WAY. Am I missing something?
    Are you sure you are not confusing the Money Factor being 2% higher?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi steevo. The reason that certain 2013 models have higher residual values than 2014 models right now is that BMW artificially inflates its vehicles' residual values to essentially hide support. Higher residual values enable them to offer lower lease payments. When BMW ramps up its lease support on the 2014 model its residual values will eventually be higher than the residuals on the 2013.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks Jason
    What is the actual residual % on the 2013 and 2014?

    Do you know what are the major differences between the 2013 X3 and 2014 x3?

    Thanks
  • steevosteevo Posts: 330
    Interesting, to say the least. Thanks for the explanation.
  • jasonmdbmwjasonmdbmw Posts: 117
    2013 residual is 57% and 55% for the '14 at 15k miles for 36 months. Add 2% for 12k miles and 3% for 10k.

    The base price went up $750 from making standard most of the equipment that was in the Premium Package. Only major difference is the 2014 has the new NBT Navigation and full black intstrument cluster. The NBT Nav is faster, more streamlined for the radio/media menu structure, improved menus, advanced real time traffic info, weather info in the navigation map, and message dictation. Also, is clearer and better picture. BMW also re-did some of the equipment in packages so that is different as well
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome steevo.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • flacrabbflacrabb Posts: 4
    Hi Car Man - Will you please provide the residual and MF for a 24 month, 12K mile/yr. lease on a BMW X3? Thanks in advance.
  • flightnurseflightnurse at 35K feetPosts: 1,522
    X28i or X35i?
  • Hey All,

    Does the money factor change with the size of the down payment? In this forum I have learnt that best to have as low a down payment as possible.

    Thanks
  • What is the current MF and RV for 2014 x3 28i for 10K and 12K?

    Is it possible to get invoice for a 2014 this early in the model year?

    Thanks
  • jasonmdbmwjasonmdbmw Posts: 117
    .00127 base Mf and 58 and 57% RV. Of course its possible but it may take some work to try and it get that price
  • I need a quick answer because I am going to the dealer in the next 1 hr to finalize my lease. I guess to be conservative the dealer said MF of 0.00155.
    I believe between my wife and I, one of us has good credit.
    So is there a table of credit score to MF that I should be aware of?
    I want to be prepared if he says our credit won't qualify for 0.00127.
    Also can he deny me 0.00127 if I have good credit?

    Thanks
This discussion has been closed.