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2014 BMW X3 Lease Questions

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Comments

  • murphydogmurphydog Posts: 503

    All

    Does BMW do a big winter promotion like Lexus/MB and others? If so are they aggressive on lease rates and what not? Just curious?

  • imjuspiayinimjuspiayin Posts: 4
    edited September 2

    Hello,

    I am looking to lease a 2015 x3 2.8i xDrive and am looking for some guidance. This will be my 7th or 8th BMW but the first time I am actually trying to get the best deal possible. Please let me know what you guys think of the following deal and suggestions on how I could do better:

    36 Months/10,000 Miles MSRP: $50,925.00 Selling Price: $47, 549.00 Residual: 56% MF: .0013 NJ Sales Tax (7%): $1771.32 Registration & Doc Fee: $782.73 Bank Fee: $925.00 Tire Tax: $6.00

    Total Due at Signing (Tax, Reg/Doc Fee, Bank Fee, 1st Month): $4,110.00 Monthly Payment: $624.95

    I don't think this is a great deal at all but I may be wrong. The selling price is $1,219 over invoice. I believe there is a loyalty incentive as well for leasing another BMW since I am ending another lease from the same dealership? Does anybody know if there are any other incentives currently on the 2015 x3? Any help would be greatly appreciated... thank you so much!

  • kyfdxkyfdx Posts: 29,389

    @imjuspiayin said: Hello,

    I am looking to lease a 2015 x3 2.8i xDrive and am looking for some guidance. This will be my 7th or 8th BMW but the first time I am actually trying to get the best deal possible. Please let me know what you guys think of the following deal and suggestions on how I could do better:

    36 Months/10,000 Miles MSRP: $50,925.00 Selling Price: $47, 549.00 Residual: 56% MF: .0013 NJ Sales Tax (7%): $1771.32 Registration & Doc Fee: $782.73 Bank Fee: $925.00 Tire Tax: $6.00

    Total Due at Signing (Tax, Reg/Doc Fee, Bank Fee, 1st Month): $4,110.00 Monthly Payment: $624.95

    I don't think this is a great deal at all but I may be wrong. The selling price is $1,219 over invoice. I believe there is a loyalty incentive as well for leasing another BMW since I am ending another lease from the same dealership? Does anybody know if there are any other incentives currently on the 2015 x3? Any help would be greatly appreciated... thank you so much!

    For September, the MF is .00129 and the residual is still 56%. The bank fee is marked up from the $725 base amount. I don't think there are any incentives, though they should waive your disposition fee from your returning lease.

    The price is 6-7% off, which is decent.. The X3 doesn't have a really great lease program, so it's not going to be cheap, no matter what. You might be able to knock another $500-$750 off the deal. I would roll most of those upfront costs into the lease... At least everything but the 1st payment and registration. The calculated payment is right on the money... Not cheap.. If you can knock $750 off your total cost, that would lower the payment by about $22/mo.

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    Prices Paid, Lease Questions, SUVs

  • Can I get the September numbers please on:

    2014 X3 xDrive 28i
    2014 X3 xDrive 35i

    2015 X3 xDrive 28i.

    3 years / 15K Miles per year.

    Thanks, in advance.
  • MichaellMichaell ColoradoPosts: 5,892

    @Patelshivam94 said: Can I get the September numbers please on:
    2014 X3 xDrive 28i and 2014 X3 xDrive 35i

    I don't have any numbers on the 2014 X3 for September - must be sold out


    2015 X3 xDrive 28i.

    .00129 and 54%


    3 years / 15K Miles per year.
    Thanks, in advance.

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  • What about used 2014's and Executive Demo's?
  • kyfdxkyfdx Posts: 29,389

    @Patelshivam94 said: What about used 2014's and Executive Demo's?

    It doesn't look like they are leasing the 2014 X3 any more. All incentives were converted to dealer cash, and they are eligible for 1.9% financing.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • orangeman99orangeman99 Posts: 37
    edited September 16
    Hi all,
    I have had 5 leases in the past (2 Jeeps, and 3 Toyotas), and I'm looking to upgrade to something better. I just started looking at the X3.

    What can I expect to pay (lease) for a 2015 X3 xDrive 28i, with technology pkg, drive assistance pkg, and driver assistance plus. MSRP 47,350 (Invoice 43,580).

    I'm looking for 3 year lease (10k per year), with only first month and DMV fees down.

    Is $650 possible?

    Thanks.
  • MichaellMichaell ColoradoPosts: 5,892

    Hi all,
    I have had 5 leases in the past (2 Jeeps, and 3 Toyotas), and I'm looking to upgrade to something better. I just started looking at the X3.

    What can I expect to pay (lease) for a 2015 X3 xDrive 28i, with technology pkg, drive assistance pkg, and driver assistance plus. MSRP 47,350 (Invoice 43,580).

    I'm looking for 3 year lease (10k per year), with only first month and DMV fees down.

    Is $650 possible?

    Thanks.

    MF is .00129 and the 36/10 residual is 57%. If you can get the selling price down to invoice, your pre-tax payment works out to $551.88/mo for 36 months.

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  • Thanks for the info.
  • jubessjubess Posts: 14
    Hello

    Please tell me if this is a good lease on a new X35i in California. Thanks

    Cash Due 36 months 12K Miles

    $1,256 $649
    $2,995 $596
    $5,000 $535


    Miles: 5
    PURCHASE OPTION
    Kelley Blue Book Retail Value: $51,575.00
    AutoNation Savings: - $6,575.00
    Vehicle Selling Price: $45,000.00

    Sales Tax (estimate): + $3,608.73
    Weight Fee: + $80.00
    Tag/Registration Fees (estimate): + $378.00
    Flat Add/County Fee: + $7.00
    Electronic Filing: + $29.00
    Smog Abatement Fee: + $20.00
    Documentation Fee: + $80.00
    Tire/Battery/MVWEA: + $7.00
    Balance Due (estimate): $49,209.73


  • jubessjubess Posts: 14
    This is a 2014.
  • kyfdxkyfdx Posts: 29,389
    jubess said:

    Hello

    Please tell me if this is a good lease on a new X35i in California. Thanks

    Cash Due 36 months 12K Miles

    $1,256 $649
    $2,995 $596
    $5,000 $535


    Miles: 5
    PURCHASE OPTION
    Kelley Blue Book Retail Value: $51,575.00
    AutoNation Savings: - $6,575.00
    Vehicle Selling Price: $45,000.00

    Sales Tax (estimate): + $3,608.73
    Weight Fee: + $80.00
    Tag/Registration Fees (estimate): + $378.00
    Flat Add/County Fee: + $7.00
    Electronic Filing: + $29.00
    Smog Abatement Fee: + $20.00
    Documentation Fee: + $80.00
    Tire/Battery/MVWEA: + $7.00
    Balance Due (estimate): $49,209.73


    Let's just use the first quote, because we don't want to put any money down on a lease, and that $1256 is the 1st payment, plus the fees listed (not tax, though, that's included in the monthly payment).

    At an MSRP of $51,575 and a CAP cost of $45,725 (selling price + $725 acq.fee), .00129 money factor and 57% residual, the payment is $550/mo. plus tax. Assume 9% tax? That makes it $599/mo. vs. their $649/mo. quote.

    With that spread, they are most likely marking up the acquisition fee by $200 and the money factor by .0004. That would account for at least $40/mo. of the $50/mo. difference..

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    Prices Paid, Lease Questions, SUVs

  • jubessjubess Posts: 14
    Thank you very much. I have one more lease quote for you to take a look at please:
    This lease was quoted for 10k miles. Can You also give me a 12K miles lease payment? Thanks.

    $1,303 Cash due and payment of $680

    Kelley Blue Book Retail Value: $54,025.00
    AutoNation Savings: - $6,575.00
    Vehicle Selling Price: $47,450.00

    Sales Tax (estimate): + $3,804.73
    Weight Fee: + $80.00
    Tag/Registration Fees (estimate): + $394.00
    Flat Add/County Fee: + $7.00
    Electronic Filing: + $29.00
    Smog Abatement Fee: + $20.00
    Documentation Fee: + $80.00
    Tire/Battery/MVWEA: + $7.00
    Balance Due (estimate): $51,871.73
  • kyfdxkyfdx Posts: 29,389
    edited September 23
    jubess said:

    Thank you very much. I have one more lease quote for you to take a look at please:
    This lease was quoted for 10k miles. Can You also give me a 12K miles lease payment? Thanks.

    $1,303 Cash due and payment of $680

    Kelley Blue Book Retail Value: $54,025.00
    AutoNation Savings: - $6,575.00
    Vehicle Selling Price: $47,450.00

    Sales Tax (estimate): + $3,804.73
    Weight Fee: + $80.00
    Tag/Registration Fees (estimate): + $394.00
    Flat Add/County Fee: + $7.00
    Electronic Filing: + $29.00
    Smog Abatement Fee: + $20.00
    Documentation Fee: + $80.00
    Tire/Battery/MVWEA: + $7.00
    Balance Due (estimate): $51,871.73

    Pretty much identical to the other quote... marking up the money factor and acquisition fee... About $40-$50 per month too high. 12K/yr will be about $15/mo. more..

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    Prices Paid, Lease Questions, SUVs

  • bmwtlbmwtl Posts: 1
    May I ask how you got such a mega discount on 2015 model? What is automation savings?
  • kyfdxkyfdx Posts: 29,389
    bmwtl said:

    May I ask how you got such a mega discount on 2015 model? What is automation savings?

    Autonation is the name of the chain of dealerships

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    Prices Paid, Lease Questions, SUVs

  • jubessjubess Posts: 14
    Good negotiating skills plus USAA discount
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