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2013 and earlier BMW X3 Prices Paid and Buying Experience

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  • edadedad Posts: 6
    i am coming up on the end of my x5 lease and am looking at an x3 with the following

    premium w/comfort seats
    auto trans
    heated seats and steering wheel
    navigation
    privacy glass
    front/rear sensors

    msrp of 46800 (includes dest)
    sales price of 44600 +3.5% over invoice
    lease pmt on 3yrs 10k miles of $560.00

    this would appear to be a pretty good deal but i would have to eat the remaining 2 payments on my x5 (aug and sept) thereby cutting into that deal.

    should i wait??????? :confuse: :confuse: :confuse:
  • kyfdxkyfdx Posts: 29,391
    Any chance you could order the X3 you wanted? You can lock in the current deal, and push delivery off until late in August..

    Assuming it's not too late to order an '07 model.

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  • edadedad Posts: 6
    yes i certainly can order what i want! my issue is that if i take delivery late august then i am paying double for august and september. what i am debating is whether the deal is "good enough" to offset that and will the rates in july change enough to justify making 2 extra payments. in order to pay one month of double i would have to take delivery in late september, which means i have to wait for the july rates????? :confuse: :confuse:
  • kyfdxkyfdx Posts: 29,391
    Sorry... didn't realize your lease ended in late October..

    Eating over $1000 in lease payments is a lot to swallow.. But, if you wait until July, then it will probably be too late to order an '07...

    If you do decide to go ahead and order, ask your dealership to write your deal at the August rate, if the rate turns out to be more favorable to you. At least that way, if the deals get better, you won't be making double payments plus miss out on a better deal.

    Normally, I'd say wait and take your chances, but with the end of the model year coming, you can't really do that, and still order an '07.

    I think this is the definition of a dilemma.. :(

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  • edadedad Posts: 6
    or, do i just close my eyes and order an 08?????? my sense is that significant changes are not being planned to this model and that way i walk away clean!! :confuse:
  • kyfdxkyfdx Posts: 29,391
    True... but, the lease price is likely to be substantially higher... Probably way more than the $1000 you are eating in two extra lease payments.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • pjo1966pjo1966 Posts: 120
    I thought that when you were going from one BMW lease to another that BMWFS would waive the last three lease payments.
  • edadedad Posts: 6
    really?? wouldnt you think the dealer would mention that to me?????
  • kyfdxkyfdx Posts: 29,391
    Only if they have a special program in place on a specific vehicle... Nothing like that right now, that I'm aware of.

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    Prices Paid, Lease Questions, SUVs

  • edadedad Posts: 6
    according to another dealer, they are having a "special" for previous bmw owners and came up with a lease payment of $495 a month (other dealers "best" price) was $560. so at this point sort of silly to take the chance on a rate change!! agree :) :)
  • minoteminote Posts: 13
    Hi all,
    I've been researching to lease an X3 and here's the numbers that I have:

    Terms 15/36 possibly thru BMWFS
    MSRP 42950 (prem pack, xenon adaptive headlight, privacy glass, metallic color)
    Buy price (looking for around) 40000 (is it possible?)
    Cap Cost: 43000 (includes all CA tax, tags and acq fees)

    What would be good lease payment with $0 down?
    Are my numbers above looking good? I want to shoot for up to $500 incl tax for mthly pmt.
    I would like to deal with dealers thru emails so any opinions you could give me about my numbers are so very appreciated.

    Thanks in advance!
  • kyfdxkyfdx Posts: 29,391
    That is true... The base rate for new lessees is .00215, and for current BMW lessees it is .0015.

    It makes for a pretty good lease deal, if you are a current BMWFS customer. And, a decent deal if you aren't.

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  • kyfdxkyfdx Posts: 29,391
    In CA, they tax the monthly payment. The tax isn't paid upfront, so your CAP cost should be the selling price, plus acquisition fee and registration/title/plate fees.. The total CAP cost shouldn't be any more than $1000 over the selling price.

    Then multiply your monthly payment by the tax rate and add that to the payment.

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    Prices Paid, Lease Questions, SUVs

  • pjo1966pjo1966 Posts: 120
    Interesting... the salesmen at Universal Mini and Beverly Hills BMW both told me to come back when I had three payments left and BMWFS would waive them.
  • For some reason I feel I am getting the runaround from the people at BMW. I have been looking at the posts here and trying to talk to the salesmen and this is what they are telling me.

    15k@ 36mo
    MSRP: $45,675
    Cap Cost: $ 43,657
    RV: 65%
    Money Factor: 0.00230 (Security Deposit Waived)
    Due at Signing: $3396.54
    Monthly Payment $549.99

    is this a good deal? I told them I wanted to be around the $550 range, and its weird that that is the monthly price they quoted me. does anyone know the calculations they use for a monthly payment? or do they just throw out a number?
  • kyfdxkyfdx Posts: 29,391
    I don't think that is weird, at all... You said you wanted to be around $550/mo, and that is what they gave you...

    What would be really weird, is if you asked for $550 and they came up with $500!! ;)

    Sort of hard to tell if it is a good deal, without knowing how the $3400 upfront is broken out. Tax in there somewhere? We know there isn't a security deposit. 1st payment? Acquisition fee ($625 or $825?). Title/license fees?

    If you have an itemization of the amount due at signing, we can see what's up.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • edadedad Posts: 6
    thanks ill check in with bmwfs directly. went to another dealer and got the rate reduced (.00150) due to a "loyalty program" also got a break on the up front down to $1500 and a monthly payment of $495.

    i pulled the trigger. thanks for your help!! :)
  • duanemanduaneman Posts: 8
    How accurate is this info on the .0015 rate? I have an X3 en route to my dealer as I type this. I was quoted a .00250 rate 5 weeks ago when I ordered. (Looks like they used their .0004 cap mark-up authority from the base). I would love to get this new rate!
  • kyfdxkyfdx Posts: 29,391
    You have to be a current BMWFS customer to get the lease loyalty rate..

    If you are, the rate is .0015.. If not, the base rate is .00215..

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  • duanemanduaneman Posts: 8
    Looks like I qualify - I am a current customer and am releasing. My lease ends on the 6/24. What would you recommend I do to make sure I get this when I sign on delivery?
  • kyfdxkyfdx Posts: 29,391
    Call your CA now.. and tell him that you want the new lower rate for existing customers that is effective in June.

    I'd play dumb about knowing that they marked up the old rate.. Maybe you can get them to give you the base rate on the new one.

    The rate with maximum mark-up should only be .0019, so even if they don't go all the way to .0015, you should be getting a substantial reduction in payment.

    regards,
    kyfdx

    MODERATOR
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  • duanemanduaneman Posts: 8
    Thanks for your help! I called my sales rep and he confirmed that it did go down, exactly he wasn't sure of, but it was out of there hands. If BMW says do it - they just do it automatically. I will look for the new rate at signing - hopefully by the end of this week. Even at .0019, I figure I will save about $40/mo. on my payment - this is great news!
  • kyfdxkyfdx Posts: 29,391
    You signed in April.. I'm not sure exactly how the program works, but they could still put you through under the April program, I think.

    Might let it go for now, but insist on it later. They'll make the same amount at .0019 on the new program, as they would at .00255 on the old program, so it should be no skin off their nose. Only BMWFS will make more money if they run it through the April program.

    Good luck!
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • duanemanduaneman Posts: 8
    Actually, I ordered in May, received delivery last week, 6/25 - six weeks. I got the .0019 rate and saved $40+ off my monthly payment for being an existing BMWFS customer. Great timing and good luck, for a change! The only thing I should have done was become a CCA member over a year ago to get a $500 rebate. Oh well - next time. BTW, the vehicle is absolutely beautiful. Looks like I am a BMW owner for life now.
  • kyfdxkyfdx Posts: 29,391
    Congratulations!!.... The X3 is on my wife's short list for next time... Still 16 months away, though..

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  • I was thrown off by the Acquisition Fee of $625. Dealer told me that this figure was non-negotiable from BMW Financial Services and couldn't be removed. Can anyone shed further light on this? I can still back out of this deal.

    36 months/15K mi/yr
    2007 X3 3.0si SAV
    205 Steptronic auto trans.
    A35 Monaco Blue Metallic Paint
    LUAD Gray Nevada Leather
    ZPP Premium Pkg
    761 Privacy Glass

    MSRP + Dest. Chg. = 42150
    Invoice + Dest. Chg. = 38805
    My Price + Dest. Chg. = 39599 ($794 over invoice)
    Acq. Fee = 625
    Adj. Cap Cost = 40224

    Residual = 65%
    Base Money Factor =.00215
    Discounted MF* =.00166

    *Discount MF applies when you make 7 add'l security deposits, which you get back at the end of lease term, for a total of 8 security deposits.

    Sec. Dep. ($500 x 8) = 4000
    FL Title/License Fees = 369

    Base Monthly Payment = 468
    with FL 6% tax = $499/month total payment

    36 months @ 15K miles/year
  • kyfdxkyfdx Posts: 29,391
    Your dealer is correct about the acquisition fee. The only adjustment that can be made is up.. for additional dealer profit.

    You have a low selling price, base MF and base acq.fee.. And, no extras... If your amount due at signing is $4868, then I'd jump on this deal.

    There is a special money factor for current BMWFS customers. But, if you are a new customer, this is as good as it gets.

    regards,
    kyfdx

    MODERATOR
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  • I bought my 2005 X3 3.0 w/ Premium package, privacy glass, adaptive headlights Certified Pre-Owned for $29,275 before taxes and tags. It had 15,575 miles on it and is in outstanding condition. I found it through BMW's CPO site. I bought from Tom Bush BMW in FL and drove it back to Columbus, GA. We have a dealer here as well.

    My buying experience and experience with dealers: if you have money you want to fork over, they love you. They're never as tacky as say a Nissan or Ford dealer but at their base they're just car salesmen trying to make a profit off a great name. I think the internet BMW CPO is the best way to go because the value on these drop pretty drastically from new to 1 or 2 years old. You have to search for the features/colors/price you want but it can really save you thousands. Also, I don't think there's a 'best time of year' to shop. I would go in trying to buy at the suggested internet listing cost then simply ask if they'll take less. When I was shopping around I'd always ask if they'd accept less and they always would, but they'll never volunteer that. The most I was able to reduce price by was $3,500. the least reduction was $1,500. I think it's worth that much to ask the question since the worse they can say is 'no'.

    As for the BMW X3, I love it but in retrospect it'd be hard choosing between the X3 and the Volvo XC 90. I think the X3's interior is spartan by comparison but I like the exterior slightly better. Tough call and worth a test drive to get the final check before you take the $30+K plunge.

    Good luck.
  • cavalericavaleri Posts: 2
    I'm considering my first BMW X3 lease, I'm already involved in a lease for a 325xi for my wife. My dealer tells me that 07's are no longer available, that I'll have to go for a 08.

    Regrettably, I didn't do very well at negotiating the 325xi, and am hoping to do better this time around if I can. The one problem is, I do drive a lot of miles myself... around 25k per year. I also like to own new vehicles after a few years, which typically isn't a good plan for a lease. I'm having difficulty deciding if a lease would make any sense, even if I wanted to order the x3 of my dreams and buy the car afterwards. My dealer is trying to convince me to go with a 10K miles lease in that case, but that doesn't make any sense to me, even if I really love the car. The residual value will be priced a lot higher than the car will actually be worth. Should I buy 10-15K extra miles up front? I would think that payment wouldn't be much better than an outright purchase, but I am trying to keep the payments in a decent place relative to a 5 year term. Before I even bother negotiating, does anyone have any thoughts as to the viability of even considering a lease, especially if there are no special incentives left for 07?

    Many thanks for any thoughts/suggestions.
  • texgastexgas Posts: 7
    Hi,

    I am looking to do a 24 months lease on the X3, 15K miles per year. I was quoted the residual value of 75%, and the money factor of .00215, which they say is discounted from .00230 since I currently have a BMW.

    From the postings in this forum, I learned that the discounted rate is .00150. I currently have a bought (not leased) 2004 530i financed through BMWFS, halfway through the payments. Do I qualify for a discounted lease rate? Is the dealer tricking me into believing that I get a discounted rate while I actually do not?

    Thanks for the help.
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