Hi Joe. Unfortunately, I believe that BMW's January lease program for the 2007 X3 is not as attractive as its December lease program was. Its new buy rate lease money factor for the '07 X3 is .00200 with the payment of a security deposit at lease signing. It is difficult to say when or if BMW will enhance this truck's lease program again.
kyfdx - After looking at the lease calcs above, please take a look at the following deal. I'm new to auto leasing. I'd love to have a new X3.
QUESTION#1 On 12/31/06 I went to a dealership and locked in the 12/06 terms; which the sales rep told me was 3.6% interest (which is .0015 MF) and 78% RV (which is higher than the 75% you quoted). Using this: MSRP $43770 (prem, xenons, hted seats, prem sound, auto, white, leather) Discounted price $41993 (-1777) $2500 down (1245 cash +7% tax or 87, 427 first mo pymt, 399 dealer fee, 42 for tax/title, 300 refundable security dep) Cap cost $41993-1245-427=$40321 12K miles 24 mo - sales person quoted me $427/month b4 tax
Using your RV above, I calc 24 Mo/15K miles wholesale RV of 75% of MSRP 43770 or 32,828 Calc pymt before tax $421 >> but for a 15k/year lease!
So, I could ask for a payment of $421 for 15k/24 mon lease and be reasonable.
QUESTION32 And, could also ask for a deeper reduction off the MSRP - from 43770 - 2500 = Sales Price 41270. MSRP $43770 (prem, xenons, hted seats, prem sound, auto) Discounted price $41270 (-2500) $2500 down (1245 cash +7% tax or 87, 427 first mo pymt, 399 dealer fee, 42, tax/title, 300 refundable security dep) Cap cost $41270-1245-427=$39,598 15K miles 24 mo $39,598 75% RV 32,838 mo pymt $390 b4 tax
QUESTION#3 - I asked about the prestated purchase price at the end of the lease to buy the car, Here were the quotes U was given on a 24 mon/12K miles lease - #33,587 (pretax). This is 80% if the MSRP of $41993 sale price. In the 24 month lease I paid down to a 75% RV. Now to own it they are uplifting it another 5% to make money off me. Question can this price be negotiated? It seems to be an area to save if you plan to purchase the car after it goes off lease. Seems like you could end up paying more then if you had just bought the car outright without a lease.
QUESTION#4 - is it better do do a 24 or 36 mon lease?
thank you for your help. There is a car landing in port tomorrow that has what I want on it!! Thanks ChowGirl :P :P
kyfdx - After looking at the lease calcs above, please take a look at the following deal. I'm new to auto leasing. I'd love to have a new X3.
QUESTION#1 On 12/31/06 I went to a dealership and locked in the 12/06 terms; which the sales rep told me was 3.6% interest (which is .0015 MF) and 78% RV (which is higher than the 75% you quoted). Using this: MSRP $43770 (prem, xenons, hted seats, prem sound, auto, white, leather) Discounted price $41993 (-1777) $2500 down (1245 cash +7% tax or 87, 427 first mo pymt, 399 dealer fee, 42 for tax/title, 300 refundable security dep) Cap cost $41993-1245-427=$40321 12K miles 24 mo - sales person quoted me $427/month b4 tax
Using your RV above, I calc 24 Mo/15K miles wholesale RV of 75% of MSRP 43770 or 32,828 Calc pymt before tax $421 >> but for a 15k/year lease!
So, I could ask for a payment of $421 for 15k/24 mon lease and be reasonable.
QUESTION#2 And, could also ask for a deeper reduction off the MSRP - from 43770 - 2500 = Sales Price 41270. MSRP $43770 (prem, xenons, hted seats, prem sound, auto) Discounted price $41270 (-2500) $2500 down (1245 cash +7% tax or 87, 427 first mo pymt, 399 dealer fee, 42, tax/title, 300 refundable security dep) Cap cost $41270-1245-427=$39,598 15K miles 24 mo $39,598 75% RV 32,838 mo pymt $390 b4 tax
QUESTION#3 - I asked about the prestated purchase price at the end of the lease to buy the car, Here were the quotes U was given on a 24 mon/12K miles lease - #33,587 (pretax). This is 80% if the MSRP of $41993 sale price. In the 24 month lease I paid down to a 75% RV. Now to own it they are uplifting it another 5% to make money off me. Question can this price be negotiated? It seems to be an area to save if you plan to purchase the car after it goes off lease. Seems like you could end up paying more then if you had just bought the car outright without a lease.
QUESTION#4 - is it better do do a 24 or 36 mon lease?
thank you for your help. There is a car landing in port tomorrow that has what I want on it!! Thanks ChowGirl :P :P
1) Not sure why you are subtracting the $427 1st payment from the cap cost.. Using 77% residual for 2yr/24K, I get $406/mo.+ tax... Using 75% residual for 2yr/30K, I get $441/mo.+ tax. I wouldn't take these numbers as gospel from the dealer. $300 security deposit? Your deposit is your payment rounded up to the next $50 increment. One thing not accounted for? $625 acquisition fee.. Where is this getting paid? You need to ask for the net cap cost, and ask what is added and subtracted to arrive at that number.
2) With a $400 dealer fee (pure profit), I would certainly ask for more off.
3) Residual is always a percentage of MSRP.. 77% of $43,770 is $33702.90
4) It is pretty close, either way... Probably a little cheaper for the 36 month lease... If you get a good monthly price, why not lease it for longer? Still under warranty and free maintenance..
I'll work out some more specifics after the game..
I also "locked in" the december x3 lease program. I am now being offered the following deal, which seems Ok, although I believe could be better: MSRP=42,295; SP=40,575; MF= .0015: Res=65%; Cap cost= 41,200(inc acq fee); Initial payment=2,531(inc. 1st, sec deposit, fees, ny sales tax); Terms= 483.82/month, 36months, 15k/year. Any thoughts on this deal? Can anyone tell me if at least the calculation appears correct? Thanks.
Thanks--yes, all of the sales tax is upfront. I suppose that I may attempt to negotiate the sales price further, to reduce the monthly outlay. My goal was $450/month, but that may not be realistic.
You're right--the dealer shaved another $200 off the selling price(ie, about $6/month), but said that's it--take it or leave it. So, I need to decide whether to do this deal. Given that the present lease program is not as favorable--and may not be for some time--I'll probably pull the trigger on this one.
Hello everyone, have a question about the lease offer that I just received. Please let me know if you think this is a good deal. The car has the following options: Automatic Heated seats Premium package (No comfort seats)
2007 X3 3.0si MSRP 41,995 Sale price 40,700 Money factor .00200 total due @ signing 1199.51 Total monthly payment $534.51 36 month lease/12 K
I am wondering if anyone knows of a great deal on a lease for a BMW X3. The vehicle I like lists for around $ 43,000 MSRP. I need a 15K miles per year lease. I am open to 24 or 36 mos. I want to avoid any upfront costs if possible. In Kansas we pay sales tax monthly (around 7.5%) Any advice on what to expect for payments?
Universal garage door opener Auto dimming mirrors inside and out auto dimming rear view mirror lumbar support digital compass mirror BMW assist (onstar like) Nevada Leather
The money factor without a deposit is 2.45. The payment with $2500 total drives without tax is $473.51. With tax it is $510.21 for 36 mos. At 24 months the payment is $465.08. With tax it is $501.12, same $2500.
The MSRP is $41, 620. The sales price is $39, 715. Each additional $1000 lowers the payments by $32 a month.Without the Prem. Package the payments are $23 a month less. The residual at 36 months is $27, 885.40. At 24 months it is $32, 047.40 as determined by BMWFS.
Couple of quick questions - looking at a Demo 06 X3 - still qualifies for bmw leasing. What are the current MF and Residual % for 24 and 36 mos; 10k and 12k for Jan 07? Any chance they can still give me the Dec 06 rates? Also, what is the deal with bmw and reducing the MF via extra security deposits? Thanks, all of this helps with my calculations. Appreciate your help.
i just received a quote on a MSRP of $46645 , selling price of $44865 ..24 months , 12,000 miles , but a money factor of .00255 ...seems from other postings , I should get a bit more discount on the purchase price , and a money factor of .002 ..any thoughts ? we want to close this deal tomorrow ...
I was told by Moritz BMW in Arlington that "all dealers in Texas mark up the buy rate money factor by at least 1% (.0004)". Sounds like collusion or a lie. Can anyone confirm or deny this?
Anyone know if the current lease program ( $379 x 24 mo. ) will extend into Feb. 07 ? Also, is this really any better than what a person with excellent credit could achieve without the program?
Thanks, Art
*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 31, 2007. Monthly lease payments of $379.00 for 24 months based on MSRP of $38,695.00 (includes automatic transmission). (Total lease payments including acquisition fee is $9,096.00). For vehicles registered outside of NY, $3,279.00 due at signing includes first month’s payment, down payment and security deposit.
Hello Art. BMW extended its January lease program on the 2007 X3 through the end of February. Like most manufacturers' advertised lease payments, I suspect that BMW's advertised lease on the X3 leaves a little meat on the bone so to speak. If you are in an area that has a decent level of competition and you shop around, you should be able to negotiate a lower selling price than the one that BMW's advertised X3 lease is based upon.
Here's the information that you're looking for, yk40. BMW Financial Services' February 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 have been offered this deal. 2007 X3 3.0si: Jet Black color Black Leatherette Auto Transmission Heated seats Heated Steering Wheel Privacy glass. 10,000/24 months you would be at $411 per month (tax included) and an out of pocket expense of $3725.19 to start the lease. They would also be getting me out of my current lease which has 3 payments of $305.00 left on it, and a 350.00 disposition fee. Are they just rolling this cost into my out of pocket expenses? it seems to me i should be paying less out of pocket and getting 12,000 miles a year from what i have been reading in forums. Please advise.
I think it's better when people post the sales price agreed upon and the MSRP...telling people which options you got is pointless in figuring out if you got a good deal...
Hi Please respond back to me on this quote. I need to negotiate lower payments because it seems these numbers are too high and there is too much out-of-pocket expenses required.
X3 3.0, leatherette seats, heated seats&steering wheel, xenon lights MSRP 40895 Selling Price 39810(asking 1000 lower) Money Factor 0.000240(is this negotiable) Residual % 78.00 Gross Residual Amt 31,898 Acquisition Fee 775 Adjusted Cap Cost 38749 Monthly Payment 455.00(excluding tax) Total Due 3954.01 (includes 500 refundable deposit at lease end) 10K/24 mo(asking 15k/24 mo
Help and Respond soon by COB 02/09- of course dealer indicates auto won't be available in the next two days
Thanks for your Help - I'm new to this leasing game! BMW Store :shades: I would like for payments to be 400.00 max
Money factor is marked up the maximum from the base .0020
Acquisition fee is marked up $150 from the $625 base fee.
$1000 off MSRP is not much of a discount.
If you got $2000 off MSRP and rolled in the $625 acq.fee, then the payment would be around $461/mo.+tax... Due at signing would be 1st payment, security, and title/license fees (about $1100).
Add a $2000 cap cost reduction (not recommended), and the payment would drop to about $373/mo.+tax, which should bring you in under $400/mo. with taxes.
IOW, a good deal would be $2500-$3000 in total costs under what they are offering..
A word of warning... The BMW Store isn't famous for making great deals.. That is where I leased my last car, though..
HI! New to leasing and attempting to educate myself a little bit before I sign anything. I visited a BMW dealership here in Florida yesturday.
I was quoted some numbers that looked a bit higher than what I am seeing here. MF 0.00255 on 3yr/10k mi lease with 68% Residual from what I could gather in the info provided.
MSRP (totally loaded) $45,795 = 624$/mo (tax incl) or 549$/mo w 4200$ down
All the details (options) in between got a little fuzzy. Left the dealership a bit confused/cross-eyed.
I would like leather but its no deal-breaker (ie. kiddie-puke being an issue here). Would also like xenon, premium sound, 18" alloy if the price is reasonable. Dont need the navigation, compass/bluetooth, parking sensors, "easy steering", curved sport-seats.
Any advice?
Ps. and FYI for all- I've had some experience with the BMW NAV system. IMO, its not particularly user-friendly for the ~900$ they want for it.
kevin........yeah, it is. More often than not it is rolled into the lease. Either way, it's your choice. Be aware that rolling it into the lease will mean you pay about $100 more over the life of the lease since you're paying interest on it.
kevin.....Look at post #378. When the mileage allowance goes from 15,000 per year to 12,000 per year the residual goes up 2%. The car will have fewer miles on it when it's returned, so the value goes up. It goes up another 1% if the mileage allowance drops even further, to 10,000 per year. This is pretty standard among the higher end captive finance entities. So the move from 75% to 78% is correct, given that the mileage allowance has gone to 10,000 from 15,000.
The hosts on these forums get their info on MFs and residuals from the manufacturers, so you can count on what they tell us being true.
thanks for the info guys...this is what I got as a quote today
MSRP: 44520 Selling Price: 41835 (500 Over invoice) MF: .0020 Residual: 78% Monthly Payment 522.53 Due At signing 1372.53 1st Month Payment 522.53 Security Deposit 550 Documentation Fee 125 Plates 180.00 (They will refund any cost if my plates end up cheaper since I'm transfering)
My question is two fold. Is this a good deal? And does BMW automatically include GAP insurance into their lease?
Okay... now that I know the tax rate, it looks like a pre-tax payment of $483/mo.
When I run the figures, I get $477/mo.. Most likely, the difference is they are marking up the acq.fee by $200, but given your substantial discount, and that they are using the base money factor, I think you can throw them that bone...
Before I go in to my local dealer here in DesMoines,Ia..i would like to have a target goal for payments for the current lease program ..the x3 im looking at is 42,970 (black,premium pack,winter pack,premium sound ,heated steering wheel) i will do 2 yrs...10,000 miles a year. total of 3000 down..where should i hope to be payment wise..our usage tax in iowa is 5%.. plates will be around 375.00..any help will be appreciated...thanks in advance..fred
I constantly see people saying they'll put x ammount of dollars down on a lease. This is a big mistake. The only think you should pay on a lease are fees due at signing...(roll everything else like aquisition/state taxes into monthly payment) which shouldnt be more than 1600. Dont put money down on a lease. If something happens to the car you're out of your money. Ask any leasing experts and they'll confirm. always zero down only due at signing....then calculate monthly payment... good luck
I'm planning on putting a hitch (for my bike) on my X3 after I take delivery in a couple of weeks. Since I am leasing it, will BMW finance fine me for this when the lease is up? They want $390, I can get it done for $179 elsewhere.
Yeah, yeah, yeah, another lease question. Sorry Car Man, but your info is indispensible. Thanks for the Feb lease rates on X3's, great stuff to have. Let me know what you think of this:
Terms: 36 mo.; 12K miles / year; $0 down MSRP: 42,770 Buy-Price: 40,420 ($1K over invoice) Net Cap Cost: 41,495 (Buy Price + $825 acquistion + $275.50 doc fee) Money factor: .00225 Residual: 67% ($28,655.90) Payment: $514 / mo. + tax
Probably not a bad deal ($1K over invoice too much?), but I'm thinking the acq fee and doc fee are marked up, as well as the money factor. Thoughts? The car has to be ordered, if that makes any difference. Thanks again.
We do not typically lease, but have fallen in love with BMW's and it seems like this is the best route for us. We are just starting to research the pros and cons of leasing. Enough about us...we need YOUR help!
We are looking to lease a 2007 X3--with premium package, cold weather, automatic and privacy glass Dealer Price 42,900 Dealer discount is 1200k Ultimate buy price 41,700. 24 months lease at 18k per year Base, Security, doc fees $632+650+124=1406 down Residual 75% Money Factor--.0022 Monthly lease payment would be $632.
Here is an offer I received and the email conversation about select items I had with the internet BMW guy at a CA dealership. I have never leased a car before and have found this site very helpful. This is a bad offer right? And what would be the sell price here - The adj. cap cost? Invoice is listed at $38,635
1. Can you confirm this is a bad deal?
2. How do you get them to budge on the MF?
3. When I plug these numbers into the Edmunds lease calculator with my trade in valued at $2500 I come up with a monthly payment of $452.85 with the 8.5% sales tax already included. Why is it different than his number? What is the $4000 something amount due at start number?
Here it is:
07'X3 SILVER,BLACK LEATHER,PREMIUM PKG,AUTO,PRIVACY GLASS, AVAILABLE MID MARCH.
BANK FEE $ 825.00 [me]Is there a reason this is marked up over the $625 base? [BMW] to pay finance for doing the paper work.
Adjusted Cap Cost: $ 38,825.00
Cash Cap Reduction: $ 2,500.00
M.S.R.P.: $ 41,970.00
Residual Value %: 67.00% &12K MI/YR
Base Monthly Rental: $ 458.03
Security Deposit: $ 500.00 [Me] I shouldn't need to pay a security deposit if my MF is over the buy rate [BMW] .we can submit it to bmwfs for approval.
Residual Value: $ 28,119.90 (67%)
Capitalized Cost: $ 40,500.00
DMV FEES$ 327.00 Term: 36
Lease Money Factor: 0.00240 [Me] BMW Financial's factor is 0.0020. Can we make it that? [BMW] no,also pays finance for their work.
Amount Due At Start: $ 4,120.80 [Me] Can you itemize this please. It is not adding up to me. [Neal, Chris] to follow Amount Due at Start
Welcome rxgal74. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
The money factor that you were quoted for the X3 that you are interested in is way too high. BMW Financial Services' current buy rate lease money factor for the 2007 X3 is .00200. The dealer that you are working with is trying to mark your truck's money factor up quite a bit to add additional hidden, back-end profit to your deal.
You never mentioned the selling price of the X3 that you are interested in. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what this truck's selling price is, it is difficult to tell how much of a discount you are being given. Make sure to find this number out and that it is reasonable before finalizing your deal. It might now be a bad idea to comparison shop with a few dealers.
Yes, kevin88gt, you can roll BMW Financial Services' acquisition fee into your vehicle's capitalized cost if you want to. I believe that BMW Financial Services will also waive its acquisition fee completely in exchange for an increase of .00035 in the money factor that is used to calculate your vehicle's monthly payment.
Thanks ninabeemer . $1,000 over dealer invoice is a reasonable price for a 2007 BMW X3, especially for an ordered one, but the money factor that is being used to calculate your truck's lease payment is a little high. BMW Financial Services current buy rate for a 36 month lease of an '07 X3 is currently .00200 with the payment of a security deposit at lease signing and .00215 with the deposit waived. It appears as though the dealer that you are working with is attempting to mark your truck's money factor up to add additional hidden profit to your deal. Likewise, they are trying to mark up BMW FS' base acquisition fee of $625. Make sure to get them to use the buy rate money factor and base acquisition fee. If they won't, you can always shop around to see if another dealer in your area will.
Hi susanj92009. I believe that the maximum amount that can be financed on a leased vehicle is based upon a percentage of the MSRP of the vehicle that is being leased. I'm not sure where BMW Financial Services caps the capitalized cost, but it is probably somewhere around 105% of MSRP or so. Perhaps someone else out there can provide a little more insight on this subject.
BMW Financial Services' base lease acquisition fee is $625. Its current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW X3 with 12,000 miles per year are .00200 and 67%, respectively.
Hi lwv. Let's crunch some numbers and see what sort of payment we come up with. According to my calculations, if you were to lease a 2007 BMW X3 that has an MSRP of $46,620 and a capitalized cost of $47,066 through BMW Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $597.
I'm glad that you enjoy this forum so much, btshudy. If you are in an area that has a decent level of competition, there is a decent chance that you will be able to negotiate a lower selling price than the one that you were quoted. Make sure to stop by the following discussion to see how much other community members have paid for similar trucks lately: "BMW X3: Prices Paid & Buying Experience". Furthermore, the money factor that the dealer is using to calculate your truck's lease payment is a little high. BMW FS' buy rate lease money factor for a 24 month lease of an '07 X3 is currently .00200. Make sure that the dealer you are working with uses this factor to calculate your truck's monthly payment.
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Comments
Car_man
Host
Prices Paid Forum
Lease Price: 41011
24 Months/15K miles
Money Factor: .0015
Residual: 75%
Payment including NJ Tax of 7% is 508.
BK Fee: 625 additional,
Thanks
QUESTION#1 On 12/31/06 I went to a dealership and locked in the 12/06 terms; which the sales rep told me was 3.6% interest (which is .0015 MF) and 78% RV (which is higher than the 75% you quoted).
Using this:
MSRP $43770 (prem, xenons, hted seats, prem sound, auto, white, leather)
Discounted price $41993 (-1777)
$2500 down
(1245 cash +7% tax or 87, 427 first mo pymt, 399 dealer fee, 42 for tax/title, 300 refundable security dep)
Cap cost $41993-1245-427=$40321
12K miles 24 mo - sales person quoted me $427/month b4 tax
Using your RV above, I calc
24 Mo/15K miles wholesale RV of 75% of MSRP 43770 or 32,828
Calc pymt before tax $421 >> but for a 15k/year lease!
So, I could ask for a payment of $421 for 15k/24 mon lease and be reasonable.
QUESTION32 And, could also ask for a deeper reduction off the MSRP -
from 43770 - 2500 = Sales Price 41270.
MSRP $43770 (prem, xenons, hted seats, prem sound, auto)
Discounted price $41270 (-2500)
$2500 down (1245 cash +7% tax or 87, 427 first mo pymt, 399 dealer fee, 42, tax/title, 300 refundable security dep)
Cap cost $41270-1245-427=$39,598
15K miles 24 mo $39,598 75% RV 32,838 mo pymt $390 b4 tax
QUESTION#3 - I asked about the prestated purchase price at the end of the lease to buy the car, Here were the quotes U was given on a 24 mon/12K miles lease - #33,587 (pretax). This is 80% if the MSRP of $41993 sale price. In the 24 month lease I paid down to a 75% RV. Now to own it they are uplifting it another 5% to make money off me. Question can this price be negotiated? It seems to be an area to save if you plan to purchase the car after it goes off lease. Seems like you could end up paying more then if you had just bought the car outright without a lease.
QUESTION#4 - is it better do do a 24 or 36 mon lease?
thank you for your help. There is a car landing in port tomorrow that has what I want on it!! Thanks ChowGirl :P :P
QUESTION#1 On 12/31/06 I went to a dealership and locked in the 12/06 terms; which the sales rep told me was 3.6% interest (which is .0015 MF) and 78% RV (which is higher than the 75% you quoted).
Using this:
MSRP $43770 (prem, xenons, hted seats, prem sound, auto, white, leather)
Discounted price $41993 (-1777)
$2500 down
(1245 cash +7% tax or 87, 427 first mo pymt, 399 dealer fee, 42 for tax/title, 300 refundable security dep)
Cap cost $41993-1245-427=$40321
12K miles 24 mo - sales person quoted me $427/month b4 tax
Using your RV above, I calc
24 Mo/15K miles wholesale RV of 75% of MSRP 43770 or 32,828
Calc pymt before tax $421 >> but for a 15k/year lease!
So, I could ask for a payment of $421 for 15k/24 mon lease and be reasonable.
QUESTION#2 And, could also ask for a deeper reduction off the MSRP -
from 43770 - 2500 = Sales Price 41270.
MSRP $43770 (prem, xenons, hted seats, prem sound, auto)
Discounted price $41270 (-2500)
$2500 down (1245 cash +7% tax or 87, 427 first mo pymt, 399 dealer fee, 42, tax/title, 300 refundable security dep)
Cap cost $41270-1245-427=$39,598
15K miles 24 mo $39,598 75% RV 32,838 mo pymt $390 b4 tax
QUESTION#3 - I asked about the prestated purchase price at the end of the lease to buy the car, Here were the quotes U was given on a 24 mon/12K miles lease - #33,587 (pretax). This is 80% if the MSRP of $41993 sale price. In the 24 month lease I paid down to a 75% RV. Now to own it they are uplifting it another 5% to make money off me. Question can this price be negotiated? It seems to be an area to save if you plan to purchase the car after it goes off lease. Seems like you could end up paying more then if you had just bought the car outright without a lease.
QUESTION#4 - is it better do do a 24 or 36 mon lease?
thank you for your help. There is a car landing in port tomorrow that has what I want on it!! Thanks ChowGirl :P :P
2) With a $400 dealer fee (pure profit), I would certainly ask for more off.
3) Residual is always a percentage of MSRP.. 77% of $43,770 is $33702.90
4) It is pretty close, either way... Probably a little cheaper for the 36 month lease... If you get a good monthly price, why not lease it for longer? Still under warranty and free maintenance..
I'll work out some more specifics after the game..
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$43770 MSRP
$42000 Selling price (including dealer fee)
$42625 Cap cost (selling price + $625 acq.fee)
MF = .0015
Residual = 77% for 24mo./24K lease
Payment = $460/mo.+ 7% tax = $492/mo.
Due at signing = 1st payment ($492), security deposit ($500), tax/title ($42) = Total $1034 (keep that extra money in your pocket).
2yr/30K = $530/mo. with $1122 upfront
3yr/36K lease is same price as 2yr/24K = $492/mo.
3yr/45K lease is $515/mo.
If you insist on paying $2500 total upfront, the payments will drop around $60/mo. on the 24 month leases, and about $40/mo. on the 36 month leases..
Hope this helps,
kyfdx
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If so, it is exact to the penny. Looks good.
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Most BMW dealers routinely mark up both of those items.. There might be another $500-$800 to work with there, but don't hold your breath...
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2007 Si...wht...satellite...premium pkg....
3 yr/12K per
Trade in value $5500---2300 for fees/etc; rest for down payment
Lease rate=409/mon
any initial thoughts? will get exact numbers (MRSP, RV, etc) later...
The car has the following options:
Automatic
Heated seats
Premium package (No comfort seats)
2007 X3 3.0si
MSRP 41,995
Sale price 40,700
Money factor .00200
total due @ signing 1199.51
Total monthly payment $534.51
36 month lease/12 K
Thanks in advance!
Universal garage door opener
Auto dimming mirrors inside and out
auto dimming rear view mirror
lumbar support
digital compass mirror
BMW assist (onstar like)
Nevada Leather
The money factor without a deposit is 2.45.
The payment with $2500 total drives without
tax is $473.51. With tax it is $510.21 for 36 mos.
At 24 months the payment is $465.08. With tax
it is $501.12, same $2500.
The MSRP is $41, 620. The sales price is $39, 715.
Each additional $1000 lowers the payments
by $32 a month.Without the Prem. Package
the payments are $23 a month less.
The residual at 36 months is $27, 885.40.
At 24 months it is $32, 047.40 as determined
by BMWFS.
Thank you for your opinion.
2007 X3 3.0si
Cold Weather Package
Premium Package
Heated Steering Wheel
Navigation system
Privacy glass
MSRP - $44,445
Sale Price - $42,300
Residual - 75%
Lease factor 0.00200
15K Miles
24 months
$2000 down
Acqusition fee $825 (too high here?)
Base Monthly payment $437.53
Monthly payment $459.40 With sales tax
What do you think about this deal?
Your comments are greatly appreciated
Also, is this really any better than what a person with excellent credit could achieve without the program?
Thanks,
Art
*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 31, 2007. Monthly lease payments of $379.00 for 24 months based on MSRP of $38,695.00 (includes automatic transmission). (Total lease payments including acquisition fee is $9,096.00). For vehicles registered outside of NY, $3,279.00 due at signing includes first month’s payment, down payment and security deposit.
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2007 X3 3.0si:
Jet Black color
Black Leatherette
Auto Transmission
Heated seats
Heated Steering Wheel
Privacy glass.
10,000/24 months you would be at $411 per month (tax included)
and an out of pocket expense of $3725.19 to start the lease.
They would also be getting me out of my current lease which has 3 payments
of $305.00 left on it, and a 350.00 disposition fee.
Are they just rolling this cost into my out of pocket expenses? it seems to me
i should be paying less out of pocket and getting 12,000 miles a year from what
i have been reading in forums. Please advise.
X3 3.0, leatherette seats, heated seats&steering wheel, xenon lights
MSRP 40895
Selling Price 39810(asking 1000 lower)
Money Factor 0.000240(is this negotiable)
Residual % 78.00
Gross Residual Amt 31,898
Acquisition Fee 775
Adjusted Cap Cost 38749
Monthly Payment 455.00(excluding tax)
Total Due 3954.01 (includes 500 refundable deposit at lease end)
10K/24 mo(asking 15k/24 mo
Help and Respond soon by COB 02/09- of course dealer indicates auto won't be available in the next two days
Thanks for your Help - I'm new to this leasing game!
BMW Store :shades:
I would like for payments to be 400.00 max
Acquisition fee is marked up $150 from the $625 base fee.
$1000 off MSRP is not much of a discount.
If you got $2000 off MSRP and rolled in the $625 acq.fee, then the payment would be around $461/mo.+tax... Due at signing would be 1st payment, security, and title/license fees (about $1100).
Add a $2000 cap cost reduction (not recommended), and the payment would drop to about $373/mo.+tax, which should bring you in under $400/mo. with taxes.
IOW, a good deal would be $2500-$3000 in total costs under what they are offering..
A word of warning... The BMW Store isn't famous for making great deals.. That is where I leased my last car, though..
regards,
kyfdx
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I was quoted some numbers that looked a bit higher than what I am seeing here. MF 0.00255 on 3yr/10k mi lease with 68% Residual from what I could gather in the info provided.
MSRP (totally loaded) $45,795 = 624$/mo (tax incl)
or 549$/mo w 4200$ down
MSRP (base car-no frills) $38,695= 450$/mo (tax incl) w/ 4200$ down.
All the details (options) in between got a little fuzzy. Left the dealership a bit confused/cross-eyed.
I would like leather but its no deal-breaker (ie. kiddie-puke being an issue here). Would also like xenon, premium sound, 18" alloy if the price is reasonable.
Dont need the navigation, compass/bluetooth, parking sensors, "easy steering", curved sport-seats.
Any advice?
Ps. and FYI for all- I've had some experience with the BMW NAV system. IMO, its not particularly user-friendly for
the ~900$ they want for it.
thanks in advance for any help you can provide.
The hosts on these forums get their info on MFs and residuals from the manufacturers, so you can count on what they tell us being true.
MSRP: 44520
Selling Price: 41835 (500 Over invoice)
MF: .0020
Residual: 78%
Monthly Payment 522.53
Due At signing 1372.53
1st Month Payment 522.53
Security Deposit 550
Documentation Fee 125
Plates 180.00 (They will refund any cost if my plates end up cheaper since I'm transfering)
My question is two fold. Is this a good deal? And does BMW automatically include GAP insurance into their lease?
GAP is included on all BMWFS leases..
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When I run the figures, I get $477/mo.. Most likely, the difference is they are marking up the acq.fee by $200, but given your substantial discount, and that they are using the base money factor, I think you can throw them that bone...
Looks like a great deal!!
kyfdx
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Since I am leasing it, will BMW finance fine me for this when the lease is up?
They want $390, I can get it done for $179 elsewhere.
Thanks,
Art
Terms: 36 mo.; 12K miles / year; $0 down
MSRP: 42,770
Buy-Price: 40,420 ($1K over invoice)
Net Cap Cost: 41,495 (Buy Price + $825 acquistion + $275.50 doc fee)
Money factor: .00225
Residual: 67% ($28,655.90)
Payment: $514 / mo. + tax
Probably not a bad deal ($1K over invoice too much?), but I'm thinking the acq fee and doc fee are marked up, as well as the money factor. Thoughts? The car has to be ordered, if that makes any difference. Thanks again.
I have a Toyota I would like to trade in.
I believe I read the Acq is $695.
I am looking at a 36 month lease 12K miles per year. Do you know the MF and Residual for those terms?
Thank you!
Looking at an X3:
Terms 12/36 BMWFS
MSRP 46,620
Buy price 44,580
Cap Cost: 47066 (includes all tax, tags and acq fees)
What would be good lease payment with $0 down.
We do not typically lease, but have fallen in love with BMW's and it seems like this is the best route for us.
We are just starting to research the pros and cons of leasing. Enough about us...we need YOUR help!
We are looking to lease a 2007 X3--with premium package, cold weather, automatic and privacy glass
Dealer Price 42,900
Dealer discount is 1200k
Ultimate buy price 41,700.
24 months lease at 18k per year
Base, Security, doc fees $632+650+124=1406 down
Residual 75%
Money Factor--.0022
Monthly lease payment would be $632.
Good deal? HELP>>>Thanks! Love this forum...
1. Can you confirm this is a bad deal?
2. How do you get them to budge on the MF?
3. When I plug these numbers into the Edmunds lease calculator with my trade in valued at $2500 I come up with a monthly payment of $452.85 with the 8.5% sales tax already included. Why is it different than his number? What is the $4000 something amount due at start number?
Here it is:
07'X3 SILVER,BLACK LEATHER,PREMIUM PKG,AUTO,PRIVACY GLASS, AVAILABLE MID MARCH.
BANK FEE $ 825.00 [me]Is there a reason this is marked up over the $625 base? [BMW] to pay finance for doing the paper work.
Adjusted Cap Cost: $ 38,825.00
Cash Cap Reduction: $ 2,500.00
M.S.R.P.: $ 41,970.00
Residual Value %: 67.00% &12K MI/YR
Base Monthly Rental: $ 458.03
Security Deposit: $ 500.00 [Me] I shouldn't need to pay a security deposit if my MF is over the buy rate [BMW] .we can submit it to bmwfs for approval.
Residual Value: $ 28,119.90 (67%)
Capitalized Cost: $ 40,500.00
DMV FEES$ 327.00
Term: 36
Lease Money Factor: 0.00240 [Me] BMW Financial's factor is 0.0020. Can we make it that? [BMW] no,also pays finance for their work.
Amount Due At Start: $ 4,120.80 [Me] Can you itemize this please. It is not adding up to me. [Neal, Chris] to follow
Amount Due at Start
First Monthly Payment....... 498.11
SECURITY DEPOSIT............ 500.00
LICENSE FEE................. 327.00
ELECTRONIC FILING FEE....... 28.00
DOCUMENTATION FEE........... 45.00
Cap. Reduction Tax ......... 218.75
TAX ON DOC FEE.............. 3.94
Total Inception Fees........ 1,620.80
+ Cash Cap Red.............. 2,500.00
Total Due at Start.......... 4,120.80
Total Monthly Payment: $ 498.11 [Me] Seems like monthly payment could be much lower, even when including tax [BMW] it is what it is!!!
THE END
Thanks,
D
The money factor that you were quoted for the X3 that you are interested in is way too high. BMW Financial Services' current buy rate lease money factor for the 2007 X3 is .00200. The dealer that you are working with is trying to mark your truck's money factor up quite a bit to add additional hidden, back-end profit to your deal.
You never mentioned the selling price of the X3 that you are interested in. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing what this truck's selling price is, it is difficult to tell how much of a discount you are being given. Make sure to find this number out and that it is reasonable before finalizing your deal. It might now be a bad idea to comparison shop with a few dealers.
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BMW Financial Services' base lease acquisition fee is $625. Its current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW X3 with 12,000 miles per year are .00200 and 67%, respectively.
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