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2013 and earlier BMW X3 Prices Paid and Buying Experience

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Comments

  • 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:
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    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.

    Moderator - Prices Paid, Lease Questions, SUVs

  • 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:
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    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.. :(

    Moderator - Prices Paid, Lease Questions, SUVs

  • 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:
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    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?????
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    Only if they have a special program in place on a specific vehicle... Nothing like that right now, that I'm aware of.

    Moderator - 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!
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    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.

    Moderator - Prices Paid, Lease Questions, SUVs

  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    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.

    Moderator - 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?
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    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!
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    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..

    Moderator - Prices Paid, Lease Questions, SUVs

  • 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?
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