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2015 BMW X3 Lease Questions

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Comments

  • MichaellMichaell ColoradoPosts: 113,685

    Michaell - I'm confused on your response. I was looking for the BMWFS interest rate for a Texas Owners Choice financing, which is the equivalent of a lease but structured as a purchase due to Texas sales tax being charged in full on a lease. I understand the residual is the same as the lease rate (i.e. 58% for 36 mo/10000 miles), but I am trying to confirm what the base BMWFS interest rate should be. What is the 49% you are referencing? Thanks.

    Sorry, I provided the balloon residual rates, which I assume works the same way for Owners Choice as it does for a lease.

    Oops, was looking in the wrong place. 3.0% this month for Owners Choice.

    As you can tell, it's not something I'm asked that often. :-)

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    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thank you very much, Michaell.
  • kyfdxkyfdx Posts: 122,633

    Michaell - I'm confused on your response. I was looking for the BMWFS interest rate for a Texas Owners Choice financing, which is the equivalent of a lease but structured as a purchase due to Texas sales tax being charged in full on a lease. I understand the residual is the same as the lease rate (i.e. 58% for 36 mo/10000 miles), but I am trying to confirm what the base BMWFS interest rate should be. What is the 49% you are referencing? Thanks.


    We don't have the Owner's Choice information

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • au1994au1994 GAPosts: 1,586
    Hi Guys...do we know the 24/10k numbers for March?

    thanks!

    2019 Subaru Crosstrek Limited Venetian Red over Black
    2017 BMW X1 Jet Black over Mocha

  • kyfdxkyfdx Posts: 122,633
    au1994 said:

    Hi Guys...do we know the 24/10k numbers for March?

    thanks!


    .00129 MF and 64% residual. 36/10 residual is 58%

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • au1994au1994 GAPosts: 1,586
    kyfdx said:

    au1994 said:

    Hi Guys...do we know the 24/10k numbers for March?

    thanks!


    .00129 MF and 64% residual. 36/10 residual is 58%
    Thanks. Maybe, possibly starting to do the dance on one this weekend.

    2019 Subaru Crosstrek Limited Venetian Red over Black
    2017 BMW X1 Jet Black over Mocha

  • mikeb690mikeb690 Posts: 13
    Hi Guys...What are the March numbers for 36/12k/ and 24/12k? Thanks in Advance!
  • MichaellMichaell ColoradoPosts: 113,685
    mikeb690 said:

    Hi Guys...What are the March numbers for 36/12k/ and 24/12k? Thanks in Advance!

    .00129 and 63% / 57%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • brian6743brian6743 Posts: 29
    Hi again, I was in my dealer today putting down a deposit outside Chicago. The selling price is as I indicated before $49475 and MSRP of $52475. On a 36/12 lease they are getting me a payment of $725.92 a month. I think it should be about $680. How do I know where they are juicing the numbers on me at? The MF?
  • MichaellMichaell ColoradoPosts: 113,685
    brian6743 said:

    Hi again, I was in my dealer today putting down a deposit outside Chicago. The selling price is as I indicated before $49475 and MSRP of $52475. On a 36/12 lease they are getting me a payment of $725.92 a month. I think it should be about $680. How do I know where they are juicing the numbers on me at? The MF?

    MF is one area. Make sure that they are not slipping in any fees to boost the selling price to the net cap cost.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • brian6743brian6743 Posts: 29
    Okay the dealer told me they are using a residual of 57% and an MF of .00149. How would you respond?
  • MichaellMichaell ColoradoPosts: 113,685
    brian6743 said:

    Okay the dealer told me they are using a residual of 57% and an MF of .00149. How would you respond?

    Politely but firmly explain to them that you won't sign any deal that includes a marked up MF. Then contact a new BMW dealer - the competition will only help you get the best deal.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • brian6743brian6743 Posts: 29
    is that residual right?
  • brian6743brian6743 Posts: 29
    I thought I read above in the forum that it was a 63% on a 36/12 k lease.
  • MichaellMichaell ColoradoPosts: 113,685
    brian6743 said:

    I thought I read above in the forum that it was a 63% on a 36/12 k lease.

    Nope, all X3's have a 57% residual for 36/12 this month.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • sayssays Posts: 5
    Trying to lease a car for the 1st time and am looking for your advise:

    2015 X3 xDr28i MSRP 47,450 with 7000 miles (loaner car)
    Car Specs
    BASE MSRP $40,500
    Space Gray Metallic $550
    Driver Assistance Package $950
    Enhanced USB and Bluetooth plus Smartphone Integration $500
    Heated front seats $500
    Navigation system $2,150
    Panoramic moonroof $1,350
    Destination Charge 950

    Was quoted monthly payment of $490 inclusive of 6% Tax MA
    Residual value $26187
    Down payment of $3500 (includes 1st payment+ fees)

    What should the actual cost be for this 2015 loaner car cuz the above price quoted by the dealer is clearly as much for a new car.
    Should I just ask for a new car or work with the dealer on this loaner car.
    Thank you
  • MichaellMichaell ColoradoPosts: 113,685
    says said:

    Trying to lease a car for the 1st time and am looking for your advise:

    2015 X3 xDr28i MSRP 47,450 with 7000 miles (loaner car)
    Car Specs
    BASE MSRP $40,500
    Space Gray Metallic $550
    Driver Assistance Package $950
    Enhanced USB and Bluetooth plus Smartphone Integration $500
    Heated front seats $500
    Navigation system $2,150
    Panoramic moonroof $1,350
    Destination Charge 950

    Was quoted monthly payment of $490 inclusive of 6% Tax MA
    Residual value $26187
    Down payment of $3500 (includes 1st payment+ fees)

    What should the actual cost be for this 2015 loaner car cuz the above price quoted by the dealer is clearly as much for a new car.
    Should I just ask for a new car or work with the dealer on this loaner car.
    Thank you

    What lease term and how many miles per year?

    The fact that it's a loaner means you should get a hefty discount from sticker .. but, the extra miles will affect the net residual value.

    What is the full breakdown of the $3500 due at signing?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • sayssays Posts: 5
    Sorry, forgot to add Lease period is 36 months with 10000 miles/year.
    How much discount/depreciation should be considered for this car with 7000miles?
    So is the Residual value of $26,187 fair for the above mentioned car?

    The Dealer mentioned that it'll include your first month payment, taxes + all the fees. He's not given further breakdown.
  • kyfdxkyfdx Posts: 122,633
    says said:

    Sorry, forgot to add Lease period is 36 months with 10000 miles/year.
    How much discount/depreciation should be considered for this car with 7000miles?
    So is the Residual value of $26,187 fair for the above mentioned car?

    The Dealer mentioned that it'll include your first month payment, taxes + all the fees. He's not given further breakdown.


    A vehicle with 7000 miles will have the residual reduced by an additional $1400.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hello - I'm in PA and looking for some advice on possibly leasing a 2015 X3 xDrive35i that's a previous loaner with approximately 5400 miles on it. The original MSRP was 57125 and they've offered it at 49,190. First - I know that's a significant savings off MSRP, but this is a "used" vehicle with 5400 miles on it - so do you think there's any room for further negotiation on the price? And if so - how do I know how low to go on an offer? Next - I'm looking at a 36mos/10K lease. What MF and residual percentage are fair for this car? I'm guessing since it's a loaner vs a new car, it would be different than the new car rates??? Thanks in advance for any help you can provide!
  • MichaellMichaell ColoradoPosts: 113,685
    rungirlpa said:

    Hello - I'm in PA and looking for some advice on possibly leasing a 2015 X3 xDrive35i that's a previous loaner with approximately 5400 miles on it. The original MSRP was 57125 and they've offered it at 49,190. First - I know that's a significant savings off MSRP, but this is a "used" vehicle with 5400 miles on it - so do you think there's any room for further negotiation on the price? And if so - how do I know how low to go on an offer? Next - I'm looking at a 36mos/10K lease. What MF and residual percentage are fair for this car? I'm guessing since it's a loaner vs a new car, it would be different than the new car rates??? Thanks in advance for any help you can provide!

    .00129 and 58% for 36/10 - no difference from a car with 0 miles on it.

    The residual will be knocked down an additional $1080 due to the miles.

    Not sure how much more you can negotiate off the sticker price - $8K seems pretty substantial to me.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:

    rungirlpa said:

    Hello - I'm in PA and looking for some advice on possibly leasing a 2015 X3 xDrive35i that's a previous loaner with approximately 5400 miles on it. The original MSRP was 57125 and they've offered it at 49,190. First - I know that's a significant savings off MSRP, but this is a "used" vehicle with 5400 miles on it - so do you think there's any room for further negotiation on the price? And if so - how do I know how low to go on an offer? Next - I'm looking at a 36mos/10K lease. What MF and residual percentage are fair for this car? I'm guessing since it's a loaner vs a new car, it would be different than the new car rates??? Thanks in advance for any help you can provide!

    .00129 and 58% for 36/10 - no difference from a car with 0 miles on it.

    The residual will be knocked down an additional $1080 due to the miles.

    Not sure how much more you can negotiate off the sticker price - $8K seems pretty substantial to me.
    Thanks so much for your insight, Michael! It's greatly appreciated. If I did 7 MSDs, I should be able to get my MF down to 0.0008, correct?
  • MichaellMichaell ColoradoPosts: 113,685
    rungirlpa said:

    Michaell said:

    rungirlpa said:

    Hello - I'm in PA and looking for some advice on possibly leasing a 2015 X3 xDrive35i that's a previous loaner with approximately 5400 miles on it. The original MSRP was 57125 and they've offered it at 49,190. First - I know that's a significant savings off MSRP, but this is a "used" vehicle with 5400 miles on it - so do you think there's any room for further negotiation on the price? And if so - how do I know how low to go on an offer? Next - I'm looking at a 36mos/10K lease. What MF and residual percentage are fair for this car? I'm guessing since it's a loaner vs a new car, it would be different than the new car rates??? Thanks in advance for any help you can provide!

    .00129 and 58% for 36/10 - no difference from a car with 0 miles on it.

    The residual will be knocked down an additional $1080 due to the miles.

    Not sure how much more you can negotiate off the sticker price - $8K seems pretty substantial to me.
    Thanks so much for your insight, Michael! It's greatly appreciated. If I did 7 MSDs, I should be able to get my MF down to 0.0008, correct?
    Yes, max MSD would reduce the MF by .00049.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:

    rungirlpa said:

    Michaell said:

    rungirlpa said:

    Hello - I'm in PA and looking for some advice on possibly leasing a 2015 X3 xDrive35i that's a previous loaner with approximately 5400 miles on it. The original MSRP was 57125 and they've offered it at 49,190. First - I know that's a significant savings off MSRP, but this is a "used" vehicle with 5400 miles on it - so do you think there's any room for further negotiation on the price? And if so - how do I know how low to go on an offer? Next - I'm looking at a 36mos/10K lease. What MF and residual percentage are fair for this car? I'm guessing since it's a loaner vs a new car, it would be different than the new car rates??? Thanks in advance for any help you can provide!

    .00129 and 58% for 36/10 - no difference from a car with 0 miles on it.

    The residual will be knocked down an additional $1080 due to the miles.

    Not sure how much more you can negotiate off the sticker price - $8K seems pretty substantial to me.
    Thanks so much for your insight, Michael! It's greatly appreciated. If I did 7 MSDs, I should be able to get my MF down to 0.0008, correct?
    Yes, max MSD would reduce the MF by .00049.
    Thanks again! Greatly appreciate it!
  • sfgiantsfgiant Posts: 9
    edited March 2015
    Hi,

    Can I please get the MF and residual for a 2015 x3 28d on a 24 month lease with 15K miles per year?

    Also, what are current discounts (in percentage) off of MSRP like right now?

    Thanks!
  • kyfdxkyfdx Posts: 122,633
    sfgiant said:

    Hi,

    Can I please get the MF and residual for a 2015 x3 28d on a 24 month lease with 15K miles per year?

    Also, what are current discounts (in percentage) off of MSRP like right now?

    Thanks!


    .00129 MF and 61% residual for 24/15.

    36 month residual is 55%.

    Without any other incentives, 7% off MSRP seems to be the best price.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • sfgiantsfgiant Posts: 9
    Thanks!

    I'm being pushed to do the pull ahead leasing program, so I'm trying to find a good deal. :-)
  • brian6743brian6743 Posts: 29
    So the drama continues. The car I ordered is in from the factory. The dealer is pushing me to finance at .9 rather than lease. I've insisted he send me all the documents to review. Nothing but an email that says" no down, first payment and doc fees $1138.12) and payment of 749.12 with a MF of .00129....$2500 down payment of $707.88 and $5000 down and a payment of $632.18. I'm only doing zero down on a lease so the last two are meaningless.

    I'm getting sick of this game. It seems to me that he is about $2300 over on the lease as I calculated about $685 on a 36/12 lease.

    Questions: Would you walk at this point? Did I miscalculate somewhere?
  • MichaellMichaell ColoradoPosts: 113,685
    brian6743 said:

    So the drama continues. The car I ordered is in from the factory. The dealer is pushing me to finance at .9 rather than lease. I've insisted he send me all the documents to review. Nothing but an email that says" no down, first payment and doc fees $1138.12) and payment of 749.12 with a MF of .00129....$2500 down payment of $707.88 and $5000 down and a payment of $632.18. I'm only doing zero down on a lease so the last two are meaningless.

    I'm getting sick of this game. It seems to me that he is about $2300 over on the lease as I calculated about $685 on a 36/12 lease.

    Questions: Would you walk at this point? Did I miscalculate somewhere?

    Ask them to provide the selling price and the net cap cost .. and an explanation of how they got from one to the other. They are using the base MF so that's a good start.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • jtjkwjtjkw Posts: 5

    Am I getting a good deal? 2015 x3 lease in NJ - picking it up tomorrow

    2015 BMW X3
    MSRP - $49,250
    Negotiated price to $45,300
    --------
    36months/15K
    --------
    MONTHLY LEASE PAYMENT $592
    --------
    MF .00129
    Residual 55% of MSRP = $27,087
    $3,958.17 UPFRONT (includes 7% NJ Tax $1790.53, .004 luxury tax, bank fee $895, doc, reg,etc. $688.42, first month's payment $592)
    ---------
    Does this deal make sense? I'm interested in knowing if the monthly payment is correct. I'm also interested in the upfront costs of $3,958.17. It seems to make sense but I'd love someone to double check. I also asked if I could pay multiple security deposits and they said the would do it but haven't gone through that yet. Was hoping to put 6 MSD at .00007 reduction each.
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