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2014 BMW X3 Lease Questions
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You can also research local dealer inventory and pricing, reviews, features, and specifications, on Edmunds BMW X3 page.
To see all forums discussions about the BMW X3, including earlier model years, please visit our list of BMW X3 discussions.
Navigation tips: To see the most recent information and activity, make sure to visit the latest post, which may be a few pages ahead. Click the pages numbers just below to go to a new page in the discussion -- or search the entire discussion by clicking the magnifying glass icon and entering keywords.
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Thank you for the advice.
Can you please provide the August 2013 Residual and Money Factor for a 2014 BMW X3? 36 months, 15k/year.
Thank you!
MattyG
2014 X3 28i
Alpine white with black leatherette
-M Sport package
-Lighting package
-Panoramic moonroof
-Heated front seats
MSRP: $46,275
Best price: $43,491
Lease payment: $553 (36 months/10k miles per year)
Money factor: .00127
My trade-in of $3500 has also been factored in.
I think it seems a bit high compared to what others have been offered.
What are your thoughts?
BMW has not announced its program for August yet.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
$3500 trade-in is being applied towards tax, title, license, other fees. $380 of balance will be applied towards cap cost reduction.
Thank you in advance for your input!
Thank You.
regards,
kyfdx
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Is this a good deal?
2014 BMW X3
Premium Package
Heated Seats
Navigation
MSRP 46,875
Negotiated Price: 44,435
Residual 56%
Money Factor .00125
Monthly Payment: $623 with $0 down.
Thanks in advance for you're help.
Been back and forth off and on with a dealer for a few months about this and I feel like I'm getting taken.
Thanks!
Matty G.
.00125 MF and 56% residual
regards,
kyfdx
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I am using the following data:
October MF (.00125) and Residual (56%) -- are these correct for October?
36 months
15,000 miles/year
2014 BMW X3 28i
M Sport Package
Panoramic Roof
Heated front seats
Lighting Package
MSRP: $46,275
Edmunds TMV Price: $44,000
Assume $1,000 cash down and $1,000 BMW Ultimate Drive cash
Price for calculation: $42,000
Monthly payment: $531.72 + 10% tax
Does this number see right based on my assumptions above?
Also, what else could I expect to pay at signing other than the $1,000 down?
I appreciate your help!
Matty G.
Did you talk to him on Monday? Residuals have improved in October.
Regards,
kyfdx
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Add the acquistion fee ($725 base.... dealer can add up to $200 more)
Title and registration fees ($200-$500, depending on state)
Dealer doc fee (extra profit... $75 in NY, $80 in CA, $250 in OH.. all capped by state law.... $189-$799 elsewhere, or whatever they can get away with)
Some dealers will also try to mark-up the money factor.. BMWFS allows up to .0004 extra.. Don't mention the invoice price, or they will try to add advertising fees, training fees, etc, etc.. those fees are all on their invoice, but you aren't paying their invoice, you are paying a negotiated price..
Hope that helps..
regards,
kyfdx
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I actually just responded to the dealer and dropped the cap cost to $41,500 (incl $1,000 cash and $1,000 BMW Ultimate Drive cash).
The $43,500 cap cost is almost $1,000 over invoice which, I feel is a fair profit. Am I off base here?
By adjusting the calculation by another $500, It took the payment to approximately $568, which includes 10% lease tax in Allegheny County, PA. Does this payment sound right given the .00125 MF and 56% residual?
Do you feel that a Cap Cost of $43,500 is a fair price on an invoice price of $42,590?
Also, does the BMW Ultimate Drive cash calculate literally like an additional $1,000 cash down?
You're the best. Thanks so much!
Matty G.
I'm not sure how the Ultimate Drive cash works... It most likely has to be used as a CAP cost reduction, rather than a reduction in the price of the vehicle (so, yes.. this means you'll pay sales tax on the higher amount)..
That's something else to factor in from before.. any money paid upfront will be taxed, just like the monthly payment...
regards,
kyfdx
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I am in Allegheny County, Pennsylvania. Do you know whether a trade in for a new leased vehicle has a beneficial tax implication?
Does it affect the answer if you have a payoff?
Sickly, by trading my current vehicle in, even though I still have a payoff, will I be able to get a sales tax break on my monthly payment?
Thanks So much!
Matty G.
regards,
kyfdx
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Of course, that is just a general observation.... PA may be different..
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So, thanks!
Regards,
Rich
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I wanted to do a price check and see if I'm getting correct lease info.
I'm pricing out a x28i, Deep Sea Metallic Blue and Beige Leatherette Interior, with the Drivers Assist Package and Heated Front Seats.
I've spoke with a number of dealers, and the two quotes I have received are $36569 and $36319 for the base price. How is this price for the configuration I've requested?
The lease information is making less sense. At a test drive we were told the money factor for a 36 Month Lease, 12k per year is .00125. The dealer we are working with is trying to charge us .00145. Any information on what the actual money factor is for October? Assuming that .00125 is correct, I arrive at a monthly payment of $419 paying the tax and fees up front. The dealer quoted us $584 for no money down, or $431 if we pay out more than $5950 up front, including $3,944 down.
Am I missing something on the lease calculation?
We're also considering doing 7 MSDs, which would lower the price down to $365.
Anyone know if .00125 is the correct MF for October? Is it possible to negotiate a lower level?
have calculated lease payment on 24 months with 12,000 and 15,000 miles per year. The attached document is a typically equipped X3 that was used for the calculations.
Standard Lease
24 months x 12,000 miles per year: $864 per month with $2,500 due at signing
24 months x 15,000 miles per year: $905 per month with $2,500 due at signing
One Pay
24 months x 12,000 miles per year: $20,429 due at signing
24 months x 15,000 miles per year: $21,345 due at signing
The one pay lease saves you approx $2800 over the standard lease.
Doesnt this seem very high? Or what can I do to get it down? Sorry I am new to leasing.
But, it's hard to evaluate a lease deal without selling price, CAP cost and money factor used.. I'd guess they are marking up the MF and the acquisition fee... Not giving you the details makes it hard to see where the money is going... (which benefits them, not you)
regards,
kyfdx
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I've leased a lot of cars, including a couple of BMWs, and I've never agreed to a marked up money factor. Sometimes, you have to introduce some competition to get the best deal.
regards,
kyfdx
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The reason I am doing the one pay thing is that I am Canadian and moving to the US on a work visa, so no credit history.
You are correct, that they can't say with certainty what will happen in December..
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If you are close enough to deal with NJ, they always are very competitive.
Monthly Payment
Month Term
Due at Signing
Expiration Date
$469 close 36 $3,944 Dec 2, 2013
Restrictions
Loyalty Lease is based on the 2014 X3 xDrive28i equipped with Premium Package and Heated Front Seats. MSRP as equipped is $44,425. $325. Dealer contribution and $1,250 Lease Cash are required for the $469 monthly payment. Lease Cash includes $500 Loyalty Bonus Cash and $750 Option Credit Allowance. $3,944 is due at signing. Tax, tags and insurance are extra. Must finance through BMW Financial Services.
whats included:
ZMP M Sport Package
ZPP Premium Package
ZDA Driver Assistance Package
ZTP Technology Package
white w/beige leatherette, Driver Assistance Package, Panoramic moonroof; heated seats, wood trim, navigation.
MSRP: $46,925
10k mi/year
LEV Rt/Mt 59.00% $27,685.75
Cap Cost: $43,245
Cash down: $1,000
Total Cap Reduction $18.07
Adjusted Cap Cost: $44,231.93
MF: 0.00125
36 months
Drive-off $1,000
Monthly payment $575 (includes 8% sales tax)
Is this a good deal?
Thanks in advance!