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2014 BMW X3 Lease Questions

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  • kyfdxkyfdx Posts: 29,146

    @khuzbuz said: I'm in the MD/DC area and looking to lease either a 2014 or 2015 X3 xdrive28i. Assuming a 36month lease term with 15k miles/year, please provide the residual value and money factor for top tier borrower for both '14/'15.

    Thanks!

    2014: .00120 MF and 54% residual

    2015: .00133 MF and 53% residual

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  • kyfdxkyfdx Posts: 29,146

    @kidneygrills said: It's complicated...but suffice to say that the residuals deteriorate as you get further away from brand new/current model year. In other words for leasing, rates are at their best when your talking about brand new, and current model year...so yes if you're going lease, you need to go new.

    I think that depends... I've gotten killer lease deals on service loaners and/or executive cars.. Just have to get the stars to align... ($335/mo. on a Z4 service loaner for 24 months with only 1st payment and MSDs upfront. Original MSRP of $55K).

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  • skoot1027skoot1027 Posts: 7

    Thanks Michaell and kidneygrill!

  • jla76jla76 Posts: 7
    Can you please confirm the MF and residual for '14 X3 28i for 12k/36m. Offer below: MSRP: 49750
    $6800 off= 42950
    Believe MF 0.0012 w 55% residual
    Base payment $520
    NYS tax, 1st month, $725 bank fee = $3020 upfront.
    Don't think I can get much better deal?
  • kyfdxkyfdx Posts: 29,146

    @jla76 said: Can you please confirm the MF and residual for '14 X3 28i for 12k/36m. Offer below: MSRP: 49750 $6800 off= 42950 Believe MF 0.0012 w 55% residual Base payment $520 NYS tax, 1st month, $725 bank fee = $3020 upfront.
    Don't think I can get much better deal?

    It's .00120 MF and 56% for the 2014 model.

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  • jla76jla76 Posts: 7
    Then shouldn't above base month payment be $505?
  • kyfdxkyfdx Posts: 29,146

    @jla76 said: Then shouldn't above base month payment be $505?

    Or the dealer made a typo on the residual?

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  • jla76jla76 Posts: 7
    Is the $925 destination fee part of MSRP and included in residual value?
  • MichaellMichaell ColoradoPosts: 5,579

    @jla76 said: Is the $925 destination fee part of MSRP and included in residual value?

    Destination is part of MSRP and included in the residual value.

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  • jla76jla76 Posts: 7
    The residual is 54% for '14 w 12k miles? That's what my dealer said.
  • skoot1027skoot1027 Posts: 7

    Are you putting any money down? If not, that seems like a really good price. My rough math would put invoice somewhere around 45.5k, so less the 2k incentive you're at 43.5k, meaning you're under invoice. Curious other people's thoughts on this as well, since I'm looking to buy an x3 this week from NY or CT. I expected $500 over invoice (+ maco and doc) to be the target, so it'd be great if there's more room.

    On the monthly payment, it looks like the dealer may have made an error in the residual. I also get $505 as the pre-tax payment.

  • MichaellMichaell ColoradoPosts: 5,579

    @jla76 said: The residual is 54% for '14 w 12k miles? That's what my dealer said.

    Nope - 54% is for 15K miles. 56% for 12K miles.

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  • jla76jla76 Posts: 7
    Not putting any down payment. They corrected the residual to 56% but tried to raise the MF to .00125 and slightly adjusted the sale price. Thanks to this forum I made them adjust to .0012 so monthly payment dropping a few bucks. @skoot1027 I priced at multiple local dealers and they were offering around invoice -$2000 dealer cash from May. But stock is very limited. I just emailed all local dealers, so easy. This was only one w black and all options I wanted.
  • fllcfllc Posts: 17

    As a 5th time purchaser of BMW, I'm appalled at the offers I am getting for a 2015 x3 sdrive. My dealer just told me "we mark them up 6% and we will split that with you." Offering to give me 3% of MSRP, is this a joke?? That's $1,500 off MSRP. I feel like I'm being taken advantage of. Don't I get some loyalty discount given that I'm on my 5th lease with them? Makes me want to leave BMW altogether!

  • MichaellMichaell ColoradoPosts: 5,579

    @fllc said: As a 5th time purchaser of BMW, I'm appalled at the offers I am getting for a 2015 x3 sdrive. My dealer just told me "we mark them up 6% and we will split that with you." Offering to give me 3% of MSRP, is this a joke?? That's $1,500 off MSRP. I feel like I'm being taken advantage of. Don't I get some loyalty discount given that I'm on my 5th lease with them? Makes me want to leave BMW altogether!

    Maybe try a different dealer?

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  • ipcnu88ipcnu88 Posts: 2

    Can anyone tell me how we did? My wife is really curious if we could have a better deal.

    We pull the trigger on a 2014 X3 3.5 with M Sport Package and turned in our previous 2012 X3 2.8 lease early with 4 months left.

    MSRP $56,075 Cold Weather Pkg Driver Assistance M Sport Pkg Premium Pkg Technology Pkg

    $596.32 /mo Gross CAP Cost $50,991 $4000 Drive off includes tax tags etc @9% sales tax in LA Residual $31962.75 10K miles /yr

  • MichaellMichaell ColoradoPosts: 5,579

    @ipcnu88 said: Can anyone tell me how we did? My wife is really curious if we could have a better deal.

    We pull the trigger on a 2014 X3 3.5 with M Sport Package and turned in our previous 2012 X3 2.8 lease early with 4 months left.

    MSRP $56,075 Cold Weather Pkg Driver Assistance M Sport Pkg Premium Pkg Technology Pkg

    $596.32 /mo Gross CAP Cost $50,991 $4000 Drive off includes tax tags etc 9% sales tax in LA Residual $31962.75 10K miles /yr

    When I plug your MSRP and Gross Cap cost into my formula with the .00130 base MF and 57% residual, I get a paymentof $693.68 after 9% tax.

    How much of the $4000 drive off went to cap cost reduction?

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  • aharpaharp Posts: 6

    Please rate my deal: 2014 X3 28i $48,725 MSRP $42,900 discounted purchase price (includes $2k BMW build-out credit) -$3,100 trade-in credit $39,800 sub-total +$3,060 taxes +$29.50 tag and title +$299 documentation fee - what is this???? $43,188.05 = $512/mo

    Also, if I have an drive rebate of $1,000 how would that factor in - $1k off the bottom line? Thanks!

    In Colorado, would the emissions test be included/already performed before purchase?

    THANK YOU!

  • MichaellMichaell ColoradoPosts: 5,579

    @aharp said: Please rate my deal: 2014 X3 28i $48,725 MSRP $42,900 discounted purchase price (includes $2k BMW build-out credit) -$3,100 trade-in credit $39,800 sub-total +$3,060 taxes +$29.50 tag and title +$299 documentation fee - what is this???? $43,188.05 = $512/mo

    Also, if I have an drive rebate of $1,000 how would that factor in - $1k off the bottom line? Thanks!

    In Colorado, would the emissions test be included/already performed before purchase?

    THANK YOU!

    A few questions and comments:

    1) Is the trade in credit being used to bring down the cap cost? If so, I would recommend against it - if the car is stolen or totaled, you are out that money. Instead, use MSDs to buy down the MF to lower your payment.

    2) Only the payment amount is taxed in Colorado - what does the $3060 in taxes represent?

    3) The $299 doc fee is additional profit for the dealer. I know that Schomp BMW does not charge a doc fee, but they are also a 'no haggle' dealer so I'm not sure you could get as much off the sticker price.

    4) The $1000 rebate should be applied to the negotiated cap cost.

    5) What is the lease term and miles per year? I cannot calculate a payment unless I know.

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  • ipcnu88ipcnu88 Posts: 2

    @Michaell said: How much of the $4000 drive off went to cap cost reduction?

    The cap cost reduction was $3072. We also got a net trade in allowance of $1499.75 on our turn in vehicle.

  • MichaellMichaell ColoradoPosts: 5,579

    @ipcnu88 said: The cap cost reduction was $3072. We also got a net trade in allowance of $1499.75 on our turn in vehicle.

    The $4500 combined would reduce your payment by about $125/mo on a 36 month lease.

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  • fllcfllc Posts: 17
    edited June 11

    Hey, I think I've finally gotten a decent deal. Please give me your opinions.

    2015 X3 sdrive28i

    MSRP 47,675 Edmund's Invoice - 43,850 Sale Price - $44,000 Cap Cost - $44,725 minus 1k drive event credit Adjusted Cap Cost - 43,725

    10k miles .00133 money factor 57% residual Base payment $554.03 plus 6% tax in FL = $592.81

    Drive off - $1407.20 includes sales tax??, first payment,, license/registration fee, small doc fee (he reduced price more to make up some).

    So, how would you rate this deal??? Should I pull the trigger?

  • fllcfllc Posts: 17

    Anyone around to share whether the above deal is a good one?

  • MichaellMichaell ColoradoPosts: 5,579

    @fllc said: Hey, I think I've finally gotten a decent deal. Please give me your opinions.

    2015 X3 sdrive28i

    MSRP 47,675 Edmund's Invoice - 43,850 Sale Price - $44,000 Cap Cost - $44,725 minus 1k drive event credit Adjusted Cap Cost - 43,725

    10k miles .00133 money factor 57% residual Base payment $554.03 plus 6% tax in FL = $592.81

    Drive off - $1407.20 includes sales tax??, first payment,, license/registration fee, small doc fee (he reduced price more to make up some).

    So, how would you rate this deal??? Should I pull the trigger?

    The numbers work out exactly as you quote them - pre-tax. My calculator shows $587.27 with 6% tax added. MF isn't being marked up and you are getting a pretty good discount from MSRP. Seems a solid deal from where I sit.

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  • antihoneyantihoney Posts: 6

    @Michaell said: The numbers work out exactly as you quote them - pre-tax. My calculator shows $587.27 with 6% tax added. MF isn't being marked up and you are getting a pretty good discount from MSRP. Seems a solid deal from where I sit.

    I was turned down by two dealers in Seattle, money factor I was given is .0017 which is ridiculous, and 1000 off MSRP, WTF. There is no negotiation space, I am looking into other options

  • ssk262ssk262 Posts: 3

    Hello, may I please have the latest residual values and money factors for a top tier borrower for the X3 28i, 36 months, 10k miles for the 2014 and 2015 models?

    Thanks in advance!

  • foxglove312foxglove312 Posts: 4

    This is a great thread. I'm about to lease a 2015 BMW X3 xdrive28i that came out to an MSRP of $47,375 + 6.25% tax = $50,335.93. I need help on lease pricing. They have offered $686/mo with $2500 down, which seems high after reading this thread.

    What would be a good 36mo, 10k mile/yr lease price on this car?

    Thank you!

  • MichaellMichaell ColoradoPosts: 5,579

    @ssk262 said: Hello, may I please have the latest residual values and money factors for a top tier borrower for the X3 28i, 36 months, 10k miles for the 2014 and 2015 models?

    Thanks in advance!

    2014 - .00120 and 57%.

    2015 - .00133 and 57%

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  • MichaellMichaell ColoradoPosts: 5,579

    @foxglove312 said: This is a great thread. I'm about to lease a 2015 BMW X3 xdrive28i that came out to an MSRP of $47,375 + 6.25% tax = $50,335.93. I need help on lease pricing. They have offered $686/mo with $2500 down, which seems high after reading this thread.

    What would be a good 36mo, 10k mile/yr lease price on this car?

    Thank you!

    What is the negotiated selling price? See above post for MF and residual on 36/10 lease. MF can be increased by the dealer for additional profit.

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  • foxglove312foxglove312 Posts: 4

    @Michaell said: What is the negotiated selling price? See above post for MF and residual on 36/10 lease. MF can be increased by the dealer for additional profit.

    We didn't discuss the negotiated selling price, we only talked about the lease payment number. I see the money factor and residual of a 2015 - .00133 and 57%. Just wasn't quite sure how to move forward with that information.

    Thank you

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