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BMW X3 Lease Questions
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Comments
I am looking for December 2006 lease information on the 2007 X3.
Basically, the residual and money factor for 24 & 36 month leases at 15k per year.
Thanks in advance!
Please comment on this deal. Here are the details:
2007 BMW X3
MSRP: $40,770
Cap Cost: 0
Security Deposit: 0
Bank Fee: 0
Payment: $439 /month + Sales Tax & MV Fees
Mileage Allowance: 10K
Thanks.
X3 AWD:
MSRP 43100
Payments w/o tax or any fees is is 475. 36 months/15K.
I believe it is 65% residual? How much should it be? Also if i ask 18K miles is that good idea what will the residual be?
-Fletch
They can mark up the money factor by .0004.. which it appears they are doing in this case..
There can be regional differences, but BMWFS does this rarely, and I doubt they are doing it here.
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2007 BMW X3
Auto,Premium, Heated Seats, Xenon, metallic paint: list price on car is $43,320
for a 2 year lease with 15K/ year the best they will do:
572/month (includes all NYS taxes and all fees) plus $1240 out of pocket at delivery.
Any thoughts or comments, as I am amount to do this deal? any input pro or con would be appreciated ASAP!
Thanks to all in advance!
Not sure how they came up with that price but i liked it. Not sure how Acura with the RDX will be able to compete with that.
Premium, privacy glass, heated seats, xenon, metallic paint;
1232 out of pocket; 565/month (including NYS taxes) for 2 year lease at 15k/year: Very happy with it!
Just curious how this deals stacks up with others?
Sounds about right- Picked up mine last week: Premium, NAV, privacy glass, heated seats, xenon, metallic paint, back air bags.
Put 1700 down, 2-year lease, 12K p/y, $550 per month inc. NJ taxes.
X-3 PREMIUM PKG,PRIVACY GLASS,XENON,METALIC,NAVIGATION
MSRP=44000
SALE PRICE=40000
MF-.0019
RESIDUAL=28000
TERMS-24 MONTHS/12K=514-INCL TAX
TERMS-24 MONTHS/15K=546-INC TAX
TOTAL DRIVE OFF=$1.974
wHAT DO U GUYS THINK?IS THIS A PRETTY GOOD DEAL..LET ME KNOW,THANKS
I got quote today,here are the number he gave me
X-3 PREMIUM PKG,PRIVACY GLASS,XENON,METALIC,NAVIGATION
MSRP=44570
SALE PRICE=42388
MF-.0019
RESIDUAL=34000
TERMS-24 MONTHS/12K=514-INCL TAX
TERMS-24 MONTHS/15K=546-INC TAX
TOTAL DRIVE OFF=$1.974
IS THIS A GOOD DEAL?
I am willing to put down 4,000.
I want the purchase price to come in at 42,000 and my montly to be in the low 400's.
Not sure if it is possible.
I currently have a lease with BMW. I understand that current customers receive the lower money factor without having to make the security deposit.
If this is the case, how many additional deposits can I make to lower the money factor. Is it still 7, or can I now make it 8 total?
Thanks!
regards,
kyfdx
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I'm going to attempt to negotiate a lease of a new X3 tomorrow. Please let me know some numbers I should consider. Anything that could help me....$$ factors, terms...Basically, how much should bargain off of the MSRP?
Thanks in advance!
Example:
$44,000 MSRP
$41,500 Selling price
$42,125 CAP cost (selling price + acq.fee)
3yr/45K lease
65% Residual
.0015 MF
Payment = $482/mo.+ tax
Due at signing: 1st payment, security deposit, title/license fees (approx. $1200-$1300 total)
3yr/36K lease? Subtract $23/mo.
$500 higher selling price? Add $15/mo.
Hope this helps... The residuals are fantastic this month... I wouldn't count on them being that good next month.
regards,
kyfdx
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I have this question that has been bothering me for a while now. I'd really appreciate if someone can help me with this.
In the below lease offer I'm seeing a total lease payment including acquisition fee of 13, 284 and when I divide that by 36 I get the monthly payment amount of 369 which makes me think acquisition fee is 0 dollars. I'm really confused here. When I try to calculate monthly payments for the as shown car, I'm getting only 389 per month instead of 401 per month. Where am I making the mistake? Also if I make a security deposit do I get my money back at the end of the term? How is it different than putting a down payment? Thanks a bunch for your help.
Lease financing available on 2007 BMW X3 3.0si vehicles, registered outside of NY, only at participating BMW centers on leases assigned to BMW Financial Services NA, LLC/Financial Services Vehicle Trust through January 2, 2007. Monthly lease payments of $369.00 for 36 months based on MSRP of $38,695.00 (includes automatic transmission). (Total lease payments including acquisition fee is $13,284.00). For vehicles registered outside of NY, $3,269.00 due at signing includes first month's payment, down payment and security deposit. For vehicles registered in NY, $3,238.00 due at signing includes $369.00 first month's payment, $2,500.00 down payment, and $369.00 security deposit.) Excludes tax, title, license, and registration fees. Lease financing subject to credit approval. Dealer contribution may affect terms. Lessee must cover insurance and all items not covered under the full maintenance program. At lease end, lessee will be liable for disposition fee ($350.00), any excess wear and use as set forth in the lease agreement and excess mileage charges of $.20 per mile for miles driven in excess of 10,000 miles per year. Purchase option at lease end for $26,313.00 excludes taxes. As shown: 2007 X3 3.0si with optional 18" Double Spoke Wheels, Metallic Paint, Xenon Adaptive Headlights has a MSRP of $40,470.00. If registered outside of NY, $401.00/month with $3,351.00 due at signing includes $401.00 monthly payment, $2,500.00 down payment and $450.00 Security Deposit. Total lease payments including acquisition fee is $14,436.00. If registered in NY, $401.00/month with $3,302.00 cash due at signing ($401.00 first month's payment, $2,500.00 down payment, and $401.00 security deposit). Total lease payments is $14,436.00. Lessee acquires no ownership interest unless purchase option is exercised. See participating BMW centers for details and vehicle availability. For more information call 1-800-334-4BMW
Base X3 Optioned X3
Down 2500 2500
MSRP 38695 40470
CpCst ">36195 37970
Resdl 26313 27520.02
Term 36 36
MF 0.00151 0.00151
APR 3.63 3.63
R% 68% 68%
MP $369 $389
AdvrtsdMP $369 $401
Without it, you can't calculate the lease payment..
In the advertised lease, the acquisition fee is added to the CAP cost, before the $2500 downpayment is deducted.. It is my estimation that the discount from MSRP to get this lease payment is about $625.. Which is why your calculation works out...
Why the numbers don't work out for the more highly optioned model, I'm not sure... They are either working with less of a discount, or there is some other reason... as I would assume $389/mo., as well.
As you can see, the low payment is more reflective of the lease program, than a low selling price... Which is something to keep in mind... You should be able to negotiate a deal at least $1000 better than the advertised deal.
regards,
kyfdx
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This is an offer that I've received from a dealer in Springfield, MA
"With the options you have specified (205
216
248
2BP
494
4AD)
and with 12,000 miles per year, the
payment goes up to $361/month for a non-metallic color and $365/month for a
metallic color.
I ran the numbers with 6% sales tax. I don't know where you would be
registering it, but I saw the 860 area code.
Therefore, for a non-metallic car you would be at $382.56/month including
sales tax with $4042.06 due at signing (first monthly payment of $382.56,
security deposit of $400, doc fee of $289, registration fee of $135,
acquisition fee to BMW of $650, sales tax on your $2025 cap cost reduction
of $121.50 and sales tax on the $650 acquisition fee of $39 plus the $2025
cap cost reduction itself) and for a metallic car, you would be at
$387.36/month including sales tax with $4046.86 due at signing (first
monthly payment of $387.36, security deposit of $400, doc fee of $289,
registration fee of $135, acquisition fee to BMW of $650, sales tax on your
$2025 cap cost reduction of $121.50 and sales tax on the $650 acquisition
fee of $39 plus the $2025 cap cost reduction itself).
The monthly payment seems fair, but the $4046 due at signing is a bit high...(?)
Your valuable input will be greatly appreciated.
Have a Happy New Year!
I am fnalizing the deal first thing in the AM.
I would love you help. I am nervous about getting a great deal.
X-3 PREMIUM PKG,PRIVACY GLASS,XENON,HEATED STEARING WHEEL
Leather, 18's
3900 Down
420 Per Month
36 Months
12,000 Miles Per Year
Please let me know your thoughts. John
2007 X-3
HEATED SEATS,HEATED STEERING WHEEL, PRIVACY GLASS, NAVIGATION, WOOD TRIM, METALLIC PAINT
2500 to cover all costs at inception
415 Per Month
24 Months
15,000 Miles Per Year
but for same car you have above..but without the heated steering wheel, with $12K mileage I was quoted $435.86 including tax and that was with like $3,486 down. But I hadn't done any research...it think it was $800 under MSRP..which now I know from reading here I can do much better. Good luck and let me know how you make out as I may order one on tuesday.
2500 to cover all costs at inception
415 Per Month
24 Months
12,000 (not 15,000 like I had proposed) Miles Per Year
Heated seats, heated steering wheel, privacy glass, navigation and metallic paint, plus some mats and a cargo liner and maybe something else that was inexpensive thrown in. I didn't do much research on the navigation system. I'll have to read up on the reviews.
Just for your reference, when we started negotiating, I was offered the same exact car, but with a monthly payment of $465 for 10K a year, no heated steering wheel. Shop around, and good luck!
He did mention multiple security deposits, but I honestly don't know how they arrived at the number because I did the majority of the negotiating on the phone.
Also if you wouldn't mind telling me the dealership as I may just go there..I was in Eatontown. My starting price for the same specs was $435.86 a month for 12K without the heated stearing wheel but with $3,476 down.
so your deal saves $1,000 upfront and about $21 month. Cool!
Did you test drive any others before deciding on this..i have heard good things about the Acura RDX so I need to go test drive first thing tuesday am...I drove the honda 2007 CRV..nice car but missing alot of the upgrades..and horrible financing..no deals on that one right now.
My other option to get right away would be without the NAV..from what I read...about the X3, no voice recognition, no touch screen, can't use without the car being stopped and I don't think the X3 has real time traffic updates although I was told it did....from what I am reading it seems that just the X5 got it in 07. It also doesn't show you behind when backing up..alot of the others have that.
In the reviews the NAV wasn't in the Top 5 or bottom 5..just a very average system that they say BMW needs to work on upgrading to keep up with their competition.
Thanks so much for your help. I hope to be making some sort of purchase on Tuesday...with a little more help from you.
Any help is appreciated! Thanks and Happy New Year!
2007 X-3
HEATED SEATS both front and back,HEATED STEERING WHEEL, PRIVACY GLASS,WOOD TRIM, METALLIC PAINT. Premium
3500 Down
415 Per Month
36 Months
12,000 Miles Per
Please let me know your thoughts.
2007 X3
Winter Package (heated front and back seats, headlight washers), 18" wheels, heated steering wheel, Servtronic steering, metalic paint, privacy glass
$3000 out the door
$405/month
36 months
12,000 miles/year
Wow- Thats about a 860$ differnce. Did you have to work them hard to get that deal? I went through BMW of North Haven.
Just made this deal,2007 x3 jet black w/ black leather,premium pkg,auto trans,servotronic steering,heated steering wheel,18"alloy wheels,heated front seats,xenon lites,navigation,premium sound and privacy glass.....3,400 down including NYS tax,36/mo,1200/year..462/mo
I would like to lease a new X3 and have done a little research. I've used the BMW website lease calculator several times and I tried again today and the payments seemed a lot higher. Has something changed or lease rates gone up???? Any recommendations on what to do (lease, wait, etc)?? thanks!
Joe
My X3 is on order and now i am wondering if the dealer will honor the yellow paper. I did give a 1000 dollar deposit...
Anyone had bad experiences about this before?
Car_man
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As far as this truck's lease program goes, BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW X3 with 15,000 miles per year are .00200 and 65%, respectively. I don't believe that BMW FS publishes residual values for vehicles that are leased with 18,000 miles per year. If you need this many miles, you will probably have to purchase additional miles on a per-mail basis. It is usually less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.
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