Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
BMW X3 Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Car_man
Host
Prices Paid Forums
When negotiating a lease, the two most important numbers to focus on are your vehicle's selling price and its money factor. These ate the two main profit centers for dealers. Negotiate as low a selling price as possible on the X3 that you want and then have the dealer calculate its lease payment using BMW Financial Services' "buy rate" lease money factor. This car's current buy rate is .00185. It is important to make sure that this is the number that is being used to calculate your truck's lease payment because BMW dealers are notorious for marking vehicles' money factors up to add additional back-end profit to deals.
If you want to trade in your Volvo, treat it as a separate transaction. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". When you trade in your car, have the dealer cut you a check for any equity that you have in it rather than using the proceeds from it as a capitalized cost reduction for your lease. It is in your best interest not to make large down payments when leasing because if your leased vehicle is totaled in an accident or stolen and never recovered, your down payment essentially disappears.
Well, that covers the basics. Let me know if you have any other questions.
Car_man
Host
Prices Paid Forums
Thanks!
Any help Car man is appreciated!
Residual rates:
78% for 24-month, 10k/yr
77% for 24-month, 12k/yr
68% for 364-month, 10k/yr
67% for 36-month, 12k/yr
money factor (good til 8/31): .00195 (seems to have gone up a bit from .00185)
I'd really appreciate your assistance with this one. I'm in the midwest, Kansas City region. I'd like to lease a standard X3 with heated seats and privacy glass added.
According to Edmunds.com
Retail: 38345
TMV: 36864
Invoice: 35140
I'd like a 39-44 month lease with 12k of miles.
Current posted internet special is 36 month 379 / month. With 3800 up front.
I think 366 / month for the X3 described above is fair with around 1800 drive off total for the lease I'm looking for. Is this realistic? What numbers do I need to present to the dealer in order to make this happen?
Thanks in advance! I appreciate any assistance anyone can provide as I'm a newbie to the leasing world.
I am pretty sure I want the car, but don't know if I am getting a good deal. It is in NYC (Manhattan). Of course, I was notified today that the car will land in Newark by this weekend, I have been approved for the lease and I can get the car next week. The price of the vehicle is $39,235. The money factor is .00195. The residual rate is 67%. For a 36 month/10,000 mile a year lease, I was offered $449 month with $3155.08 due at signing (sales tax at 8.375%, down payment of $625, tax on down payment of $52.34, MV fees and inspection $225, and refundable security deposit of $450).
Does this sound okay or have I been a bubblehead?
Babsnyc
this is what i have been quoted on a base model X3.
Im in Southern California (orange county)
Pricing:
MSRP is $38,395.00 - leasing Cap Cost is $36,895 (includes Floor Mats)
Money Factor & Residula Value:
MF - .00210 (No Security Deposit) Residual - 78% for 24 month lease
24 months
$2900 drive off fees
$422.75/month including tax
they also said:
"Remember - the maintanance is included with all of our BMW purchases - that averages about $50 to $60 per month."
not sure what that means.
I leased an X3 three months ago.
MSRP $41000.
39month, 12k/year.
$2900 drive off, with a security deposit ( actually that's a good thing, means I will get it back later)
$400.00/month including tax
It's a (much) better deal than yours, even though I know that money factor has increased since.
can you list what dealership you went to for this deal?
thanks
What better way to get a new car then to pick it up and drive 4 hrs to Davos in the alps to ski over Christmas holiday!
Does euro delivery make sense for a lease? It should reduce the price on the cap cost, right?
Can I expect to negotiate a price and then the Euro delivery discount?
They say give 4 months delivery time so We talking the end of August for assured December pickup.
When might we begin ordering on the 07's?
Would current lease rates and residuals apply to o7's?
Im not going to do a stupid lease. I can also look at a 5 series sedan or 3 series wagon. As long as I can get a manual transmission I will be happy. Might need X-Drive in the alps!
X3 price: 40,695
residual: 31,335
term: 24 months
12,000 miles/yr.
payment: 568.62
that is with a BMW 4.68% MF .00195
that is -0- down payment
I cough up the title fee, reg fee, doc fee and first month payment which equals...786.62 out the door.
the car salesman said we could come down a couple thousand on the price of the car. Is that reasonable ???
Thanks
p.s. thanks for the responses from an earlier post of mine.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Let's say that you were able to get this truck for $500 over dealer invoice. At that price, your 36 month, 12,000 mile per year, zero down, pre-tax monthly payment for a lease through BMW Financial Services would be around $396. I calculated this lease without a capitalized cost reduction because it is in your best interest not to make one. If your leased vehicle is totaled in an accident or stolen and never recovered, your down payment essentially disappears.
Car_man
Host
Prices Paid Forum
I would be happy to share my opinion on this truck's selling price with you, but it would be a big help if you would provide me with its full MSRP first. This will show me how much of a discount you are being given. Make sure to stop by the following discussion for additional information on how much you should pay for this truck: "BMW X3: Prices Paid & Buying Experience".
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
the lease worksheet that was printed out for me with all the figures states a MSRP of $40,695. The car the salesman was basing this estimate on was $41,500, I believe.
I have another question for you. I was debating on trading in my 2005 volvo v50 awd for this lease. the bluebook wholesale/retail printout they gave me states $25,050/29,170 respectively. They stated my car is only worth $23,500 trade. Is this negotiable and how does giving me more money for my car play into the MSRP of the X3. If they are not going to budge from the $23,500 for my car, I would need to cough up some money.
So, to lease the X3 and sell my car myself? Hmmm.
thanks
2nd dealer I went to (Santa Monica BMW - which I have purchased from in the past) said that the .00195 rate is a special buy rate for people who have ended a lease or purchase through BMW FS within the last 3 months.
The non-special rate is .00015 higher to bring the MF to .0021, does anyone know if this is true - especially those of you who have gotten the .00195 rate?
Thanks for your help!
If you don't make the security deposit, then the rate is indeed .0021
It is a much, much better deal to make the security deposit and get the lower rate.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I need an advice. I recently leased 2006 X3, Sport package for 36 months. I pay $615 /mo.; have 30 months left,. I am thinking is it gonna be a good deal to buyout now. The buyout is around 40,000. CapitalOne is giving me financing for 72 month at 9.1%. This makes about $730/mo. I like to keep this car for longer. Do you think it is better to wait until the lease end and then to buy rather than to buy now? Any advice will be appreciated. Thanks
Secondly, the interest rate on the loan is pretty high. My credit union is currently offering a rate of 6.24% for a 72 month auto loan. There must be other banks out there that can offer you better than 9.1!
Also, by taking out such a long loan you will be paying a ton of interest, over $12,000 in interest and that's on top of the 6 months of payments you've already made. You will end up paying over $56,000 for this car that will be 6 years old by the time it's paid for. The 2013 models will be coming out and you'll be driving a 2006 which you'll have to keep driving in order to recoup some of the interest money and won't be under warranty.
Unfortunately I don't know what the answer is. I would consider sticking with the lease and negotiating a good price to buy the next one.
MSRP: $42, 170
(PREM, NAV, Heated Seats/Steering Wheel, Privacy Glass)
Invoice: $38,625
TMV: $40,655
What was quoted:
Sale Price: $41,000
Upfront Costs: $1,011 (w/ $695 safe lease included)
Monthly Payments: $587
Lease Term: 36 months / 12K mi/yr
Money Factor: .0025
Residual %: 67%
Other Input:
Located in Birmingham, AL
Car obtained from another dealership out of state (transit cost picked up by dealer)
I would like to have a payment that’s right at or below $500 (not nearly $600). I am willing to make a down payment of $1,000 - $1,500. Please advise.
Really...not a good deal at all...
The selling price is nothing special, and they are marking up the money factor the maximum.. I'm assuming that they are charging $825 for the acquisition fee and adding it to the selling price of the car... Doing that, I come up with a price of $552/mo.+tax... If your tax rate is around 6%, then it all figures correctly...
I have no idea what "$695 safe lease" is... Some kind of program to protect you from excess wear and tear charges? If so, it sounds like a profit center for the dealership.
If it were my deal?
$42170 MSRP
$40000 Selling price
$40625 CAP cost (selling price + $625 acq.fee)
3yr/36K lease
67% residual
.00195 base money factor
Payment = $478/mo.+tax = approx. $508/mo. tax included.
Due at signing:
$508 1st payment
$550 security deposit
$200-$300 title/registration fees.
Approx. $1300 total due at signing.
The current lease program offered by BMWFS is a good one, if you can get the dealer to give you a good selling price, and not pad the finance charges.
Good luck,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
The allowance that dealers give you for your trade is negotiable as well. It is difficult for me to say whether the price that this dealer quoted you for your Volvo is the highest that they will go. You may be able to get a better idea of what your car is currently worth on the open market right now by visiting the following discussion: "Real-World Trade-In Values". If you do end up trading your car in, it would be in your best interest for you to have the dealer that you trade it in to cut you a check for any equity that you have in it rather than using the proceeds from it as a capitalized cost reduction for your lease. I always advise consumers against making down payments on leased vehicles because if their vehicle is totaled in an accident or stolen and never recovered their down payment essentially disappears.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Let me start by saying that I do sell BMW.s for a living.
Obviously some people think that all car sales people are evil and just want to take them to the cleaners. Hopefully not all people think the same way. I am sur I will be flamed but hopefully people here are intelligent and educated enough to have a productive deiscussion here.
Profit is nat evil. It's what makes the economy work. If there were no profit to be made selling products then they simply would not be sold. Of course a dealer does not want to sell a car for no profit nor do they want to sell the finance and make zero profit. Of course one needs to negotiate a resonable profit and thats where things get tricky. All dealers will mark up their buy rate to some extent to earn a profit, not just BMW dealers.
Again, profit is not a bad thing. If the company you work for did not make a profit I can guarantee you they would not be able to pay you for long and would go out of business soon.
Thanks.
I AM IN THE MIST OF TRYING TO WORK OUT A DEAL ON A 2006 X3 ...MSRP 38,570... 36 MONTHS, 12 MILES A YEAR, 2000 TOTAL OUT OF POCKET, AT 431.81 A MONTH, THEY SAID IF THEY CAN'T GO LOWER BECAUSE THEY WOULD BE LOSING MONEY...WHAT'S YOUR TAKE
I was wondering if you had any idea of what an 07 X3 lease might look like, thanks so much!!!
$42,170 MSRP
$38,700 Selling price
3yr/36K lease
68% residual
.00195 base money factor
7 MSDs at $450 a piece
$4500 down (in addition to MSDs)
Payment = $418/mo tax included. (CA Tax)
I am putting a lot of money down, but i will get the $3150 in deposit back and it drops the MF down. Seems like a good deal, not sure if I have squeezed it as much as possible.
Any help is appreciated.
Thanks!
I owe $18000 on it at 10.9%. I would be getting a 2006 BMW X3 with the sport, premium and upgraded
sound system MSRP is around $42k. With $3000 down my payments are $639 for a 36 month
12k/year lease. Is this a good deal? Any suggestions on what I can do to better this? They
claim they are already at $500 over invoice I think I have a money factor of .00025 but I need to clarify that. My Fico score is only 677 so I know I won't qualify for the best rate. I would I lower my payments by going to a 39 month lease ?
Thanks
Quoted:
2007 BMW X3 Wagon 3.0si 4WD
24 mo/15k mi – Residual Value 75% of MSRP – .00265 Base Money Factor Rate
36 mo/15k mi – Residual Value 65% of MSRP – .00265 Base Money Factor Rate
48 mo/15k mi – Residual Value 40% of MSRP – .00319 Base Money Factor Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00319 Base Money Factor Rate
2006 Models
24 mo/15k mi – Residual Value 75% of MSRP – .00195 Base Money Factor Rate
36 mo/15k mi – Residual Value 65% of MSRP – .00195 Base Money Factor Rate
48 mo/15k mi – Residual Value 39% of MSRP – .00319 Base Money Factor Rate
60 mo/15k mi – Residual Value 31% of MSRP – .00319 Base Money Factor Rate
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms
I got it for $685/m for 36m/12k with out of pocket (tax, first month, deposit, doc) ~1300 period.
Is that reasonable since I need to carry over ~$6000. Plus I was taxed for the difference.
It runs great and realy enjoying it. First BMW to own.
The 2007 X5 will be lanched in the following weeks :shades:
Does anyone else have any similar info on the launch dates
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum