2015 BMW X3 Lease Questions

Michaell

kyfdx said:

uzman85 said:

Michaell said:

Lease numbers for the X3 are .00130 and 55% for 36/12. Using your MSRP and selling price, I get a pre-tax, $0 down, payment of $752.16.

Ask the dealer what the net cap cost is - if it's higher than your selling price, get them to explain what's been added.

Can you help me with a couple of other things:
1) Also tell me how much the monthly payment would be for 2.5k down and 5k down
2) explain the formula you used. When I use the formula commonly available on other websites i get the following:
Depreciation fee = (53,500-55% of 53,500)/36 = $668.75
Interest = (53,500 + 55% of 53,500)*0.0013 = $107.8
Total = 776.55 before tax at $0 down.

What am I missing here? You are showing me better numbers so I want to get to those obviously

Residual percentage is applied to the MSRP, not the negotiated selling price.

And, we don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.

That said, every $1000 down reduces your pre-tax payment by about $28

uzman85

Michaell said:

kyfdx said:

uzman85 said:

Michaell said:

Lease numbers for the X3 are .00130 and 55% for 36/12. Using your MSRP and selling price, I get a pre-tax, $0 down, payment of $752.16.

Ask the dealer what the net cap cost is - if it's higher than your selling price, get them to explain what's been added.

Can you help me with a couple of other things:
1) Also tell me how much the monthly payment would be for 2.5k down and 5k down
2) explain the formula you used. When I use the formula commonly available on other websites i get the following:
Depreciation fee = (53,500-55% of 53,500)/36 = $668.75
Interest = (53,500 + 55% of 53,500)*0.0013 = $107.8
Total = 776.55 before tax at $0 down.

What am I missing here? You are showing me better numbers so I want to get to those obviously

Residual percentage is applied to the MSRP, not the negotiated selling price.

And, we don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.

That said, every $1000 down reduces your pre-tax payment by about $28

Thanks this is very helpful. Now i am getting the same number, and i appreciate the other piece of advice. i will keep that in mind as i shop around.

uzman85

uzman85 said:

Lease numbers for the X3 are .00130 and 55% for 36/12. Using your MSRP and selling price, I get a pre-tax, $0 down, payment of $752.16. Ask the dealer what the net cap cost is - if it's higher than your selling price, get them to explain what's been added.

Can you help me with a couple of other things: 1) Also tell me how much the monthly payment would be for 2.5k down and 5k down 2) explain the formula you used. When I use the formula commonly available on other websites i get the following: Depreciation fee = (53,500-55% of 53,500)/36 = $668.75 Interest = (53,500 + 55% of 53,500)*0.0013 = $107.8 Total = 776.55 before tax at $0 down. What am I missing here? You are showing me better numbers so I want to get to those obviously

Residual percentage is applied to the MSRP, not the negotiated selling price.

And, we don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money. That said, every $1000 down reduces your pre-tax payment by about $28

Thanks this is very helpful. Now i am getting the same number, and i appreciate the other piece of advice. i will keep that in mind as i shop around.

I went back today and looked at another option they told me that residual is 53% and not 55% on 2015 x3 for 36 months. How do I verify if that's right?

Additionally, just to understand their math, I had them calculate a lease on another car. The MSRP was 49,850, and the dealer quoted me sale price of 48,350. As I mentioned dealer told me the residual is 53% and money factor was as you had told me 0.0013. So for a 36 month, 12K lease and $0 down, I calculated $706.4 as monthly payment before taxes, title and registration.
The dealer came back and quoted me $811 per month. When i asked for a breakdown, what they showed me was very interesting:
In the net cap cost, they had 48.350 (the sale price) + 995 (acquisition fee) + 2,441 (their calculated total tax on my 36 lease payments) for a total cap cost of $51,786 or so. So in essence, they are taking acquisition fee (marking it up $200 over the standard bmw) and the sales tax and charging me interest on both. That doesnt sound right to me.

Do you agree? Has anyone else had an experience with this and has any advice? thanks.

Michaell

uzman85 said:

uzman85 said:

Lease numbers for the X3 are .00130 and 55% for 36/12. Using your MSRP and selling price, I get a pre-tax, $0 down, payment of $752.16.

Ask the dealer what the net cap cost is - if it's higher than your selling price, get them to explain what's been added.

Can you help me with a couple of other things:
1) Also tell me how much the monthly payment would be for 2.5k down and 5k down
2) explain the formula you used. When I use the formula commonly available on other websites i get the following:
Depreciation fee = (53,500-55% of 53,500)/36 = $668.75
Interest = (53,500 + 55% of 53,500)*0.0013 = $107.8
Total = 776.55 before tax at $0 down.

What am I missing here? You are showing me better numbers so I want to get to those obviously

Residual percentage is applied to the MSRP, not the negotiated selling price.

And, we don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.

That said, every $1000 down reduces your pre-tax payment by about $28

Thanks this is very helpful. Now i am getting the same number, and i appreciate the other piece of advice. i will keep that in mind as i shop around.

I went back today and looked at another option they told me that residual is 53% and not 55% on 2015 x3 for 36 months. How do I verify if that's right?

Additionally, just to understand their math, I had them calculate a lease on another car. The MSRP was 49,850, and the dealer quoted me sale price of 48,350. As I mentioned dealer told me the residual is 53% and money factor was as you had told me 0.0013. So for a 36 month, 12K lease and $0 down, I calculated $706.4 as monthly payment before taxes, title and registration.
The dealer came back and quoted me $811 per month. When i asked for a breakdown, what they showed me was very interesting:
In the net cap cost, they had 48.350 (the sale price) + 995 (acquisition fee) + 2,441 (their calculated total tax on my 36 lease payments) for a total cap cost of $51,786 or so. So in essence, they are taking acquisition fee (marking it up $200 over the standard bmw) and the sales tax and charging me interest on both. That doesnt sound right to me.

Do you agree? Has anyone else had an experience with this and has any advice? thanks.

What state is this? Some states calculate the sales tax for the entire lease up front, then you can choose to pay it when you sign the papers or have it added into the cap cost. Yes, you pay interest on it, but if something happens to the vehicle, the GAP insurance will take care of it. Also keeps your out of pocket costs to a minimum.

Not much of a discount from sticker, either, in your other example.

uzman85

Michaell said:

uzman85 said:

Lease numbers for the X3 are .00130 and 55% for 36/12. Using your MSRP and selling price, I get a pre-tax, $0 down, payment of $752.16. Ask the dealer what the net cap cost is - if it's higher than your selling price, get them to explain what's been added.

Can you help me with a couple of other things: 1) Also tell me how much the monthly payment would be for 2.5k down and 5k down 2) explain the formula you used. When I use the formula commonly available on other websites i get the following: Depreciation fee = (53,500-55% of 53,500)/36 = $668.75 Interest = (53,500 + 55% of 53,500)*0.0013 = $107.8 Total = 776.55 before tax at $0 down. What am I missing here? You are showing me better numbers so I want to get to those obviously

Residual percentage is applied to the MSRP, not the negotiated selling price.

And, we don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money. That said, every $1000 down reduces your pre-tax payment by about $28

Thanks this is very helpful. Now i am getting the same number, and i appreciate the other piece of advice. i will keep that in mind as i shop around.

I went back today and looked at another option they told me that residual is 53% and not 55% on 2015 x3 for 36 months. How do I verify if that's right?

Additionally, just to understand their math, I had them calculate a lease on another car. The MSRP was 49,850, and the dealer quoted me sale price of 48,350. As I mentioned dealer told me the residual is 53% and money factor was as you had told me 0.0013. So for a 36 month, 12K lease and $0 down, I calculated $706.4 as monthly payment before taxes, title and registration.
The dealer came back and quoted me $811 per month. When i asked for a breakdown, what they showed me was very interesting:
In the net cap cost, they had 48.350 (the sale price) + 995 (acquisition fee) + 2,441 (their calculated total tax on my 36 lease payments) for a total cap cost of $51,786 or so. So in essence, they are taking acquisition fee (marking it up $200 over the standard bmw) and the sales tax and charging me interest on both. That doesnt sound right to me.

Do you agree? Has anyone else had an experience with this and has any advice? thanks.

What state is this? Some states calculate the sales tax for the entire lease up front, then you can choose to pay it when you sign the papers or have it added into the cap cost. Yes, you pay interest on it, but if something happens to the vehicle, the GAP insurance will take care of it. Also keeps your out of pocket costs to a minimum. Not much of a discount from sticker, either, in your other example.

I live in suburban Chicago so state is illinois. Sales tax is 8.25%

uzman85

Also what about the acquisition fee being added to the cap cost?

Michaell

uzman85 said:

Also what about the acquisition fee being added to the cap cost?

What about it? your choice.

wyun

Hi Michaell,

Thanks for the great info. I am pretty novice in the leasing. 

I saw ad from bmw usa below.

2015 x3 x28i with xline, metallic paint and lighting pkg include destination charges.
10k/36 month
msrp: 44445
down: 3000
due on signing: 4294 (3000+499 1st payment+795 acqusition fee)
monthly: 499

what are the mf and residual used here and what will be these for 12k?
with $499, can you get the actual selling price? Is this ok deal?

thanks in advance.

kyfdx

wyun said:

Hi Michaell,

Thanks for the great info. I am pretty novice in the leasing. 

I saw ad from bmw usa below.

2015 x3 x28i with xline, metallic paint and lighting pkg include destination charges.
10k/36 month
msrp: 44445
down: 3000
due on signing: 4294 (3000+499 1st payment+795 acqusition fee)
monthly: 499

what are the mf and residual used here and what will be these for 12k?
with $499, can you get the actual selling price? Is this ok deal?

thanks in advance.

.00130 MF and 56% residual

12K/yr residual is 55%.

The ad assumes a $1600 discount from MSRP.

The X3 lease program is not great to begin with.. .and, that's not a great discount.

says

Trying to make this deal worthwhile

2016 xDrive28i

MSRP: $46,200
Offered Price: $43,600
Additional discount: $500
Final Price:$43,100
Term: 36/10
MA Taxes and Fees first month upfront: $2,105
Monthly Payment: $575 + Taxes

Is this a good enough deal to sign off?
Should I further check about residuals, MFs or MSDs with the dealer to help bring down the monthly payment?

Michaell

says said:

Trying to make this deal worthwhile

2016 xDrive28i

MSRP: $46,200
Offered Price: $43,600
Additional discount: $500
Final Price:$43,100
Term: 36/10
MA Taxes and Fees first month upfront: $2,105
Monthly Payment: $575 + Taxes

Is this a good enough deal to sign off?
Should I further check about residuals, MFs or MSDs with the dealer to help bring down the monthly payment?

I get $580.45/mo + tax, so pretty close to your quote. Residual is fixed by the bank; I assume the base MF is being used (I used it in my calculations), so MSD or a better selling price are the only ways to lower your monthly payment.

says

So the dealer offered $545 +taxes for MSD worth $4200.
For every $1000 MSD how much reduction should I see?

Michaell

says said:

So the dealer offered $545 +taxes for MSD worth $4200.
For every $1000 MSD how much reduction should I see?

MSDs are applied using the monthly payment, rounded up to the next $50.

If your payment is $585, each SD would be $600, and would reduce the MF by .00007. Maximum 7 MSDs are allowed by BMW.

So, the $4200 represents the max MSD allowed .. brings the MF down to .00081.

caltman

Can I get November MF and residuals for 2015 X3 36mo/12k/yr please?

kyfdx

caltman said:

Can I get November MF and residuals for 2015 X3 36mo/12k/yr please?

.00131 MF and 51% residual

youngjo85

Any help is appreciated! I am trying to lease a 2015 BMW X3 28d.

MSRP: 52,175

Sale price: 47,000

52% Residual ($27,131), 36 months/ 10 K per year

Money Factor: 0.00171 (I am trying to lower this. They should run a credit check and I am hoping I get 0.00129)

FL Tax 6%

Doc Fee $799.

Thank you!

kyfdx

youngjo85 said:

Any help is appreciated! I am trying to lease a 2015 BMW X3 28d.

MSRP: 52,175

Sale price: 47,000

52% Residual ($27,131), 36 months/ 10 K per year

Money Factor: 0.00171 (I am trying to lower this. They should run a credit check and I am hoping I get 0.00129)

FL Tax 6%

Doc Fee $799.

Thank you!

Base MF is .00131 and the residual is 52%.

$799 for a doc fee is borderline criminal, but sadly, not unusual for Florida.

Your money factor quote is not likely because of your credit rating. It's the dealership marking up the top tier rate, the maximum amount allowed.

brian125

Lease numbers on

2016 35i ............................... 3/36/12k

Do these the numbers differ from buying in NY or SC ?

TKS

youngjo85

Is it possible to negotiate Doc Fee? I read online that one can but also that dealers do not negotiate doc fees. I just started living in FL this year and also feel this is outrageous.

brian125

youngjo85

Most dealers if not all will not remove or negotiate there doc fee's off the bill of sale. How you counter this charge especially in Florida with doc's 699 plus is :

Every dealership you visit, call, or email when asking for there best price is to ask what there dealers doc fee charge is ? Then counter that charge by reducing that doc fee number to your agreed sale price.

I like to make a spread sheet and list of all my Targeted dealerships 10, 15, 20 with internet mgr. names, numbers, email addresses , and each dealers doc fee's charge if not regulated by that state.

Florida 's doc's are like a mix bag of tricks............. $699 , $799, $899. This charge and fee is all dealer profit and .............. BS .................... Counter this Charge

Example ......if you and dealer agree on buying a vehicle at Invoice price that really means your buying at $699 above dealers invoice. So to countering that charge and make it a wash on the bill of sale I tell dealership to earn my business I will buy said vehicle at 699 below your dealers invoice price.

What ever the selling price is counter that doc fee charge .

Now if a FL. dealer is going 2k below invoice you would be buying at 1300 below invoice and making a more respectable deal for this time of the year on a 2015 model BMW.

IM........................ me if you need more help

Good luck

Michaell

brian125 said:

Lease numbers on

2016 35i ............................... 3/36/12k

Do these the numbers differ from buying in NY or SC ?

TKS

.00131 and 57% for 36/12. $1000 option credit and $1000 loyalty credit.

Same numbers in both states.

brian125

TKS

kzevo

Hi, can I please get the program information for 2015 x3 x-drive 28i for 10K miles for 30, 36 and 39 months. Also what incentives are available on the 2015.

kyfdx

kzevo said:

Hi, can I please get the program information for 2015 x3 x-drive 28i for 10K miles for 30, 36 and 39 months. Also what incentives are available on the 2015.

.00131 MF and 55%/52% residual for 30/36 mo, 10K/yr.

No 39 month program and no incentives.

internizzi

Hi, looking for the numbers for 2016 X3 28i - 36 months/10k miles for Dec'16
Thank you.

kyfdx

internizzi said:

Hi, looking for the numbers for 2016 X3 28i - 36 months/10k miles for Dec'16
Thank you.

Please post 2016 X3 questions here:
http://forums.edmunds.com/discussion/35489/bmw/x3/2016-bmw-x3-lease-questions#latest

shotzy4

Do you have the MF and Rv for a 2015 x3 xdrive35i 36 months 10 and 12k per.


thanks

Michaell

shotzy4 said:

Do you have the MF and Rv for a 2015 x3 xdrive35i 36 months 10 and 12k per.


thanks

.00132 and 48% for 36/12. Add 1% for 10K

shotzy4

Wow pretty bad rv. Is it any different for the 2015 x3 xdrive 28i

Michaell

shotzy4 said:

Wow pretty bad rv. Is it any different for the 2015 x3 xdrive 28i

Nope - all 2015 X3's have the same numbers this month.

kdrareg

Can you please verify RV and MF for 2015 X3 demo this month? Looking into 36/12K lease for a friend. Thanks.

Michaell

kdrareg said:

Can you please verify RV and MF for 2015 X3 demo this month? Looking into 36/12K lease for a friend. Thanks.

No supported lease numbers for the 2015 X3 this month. Translation - it's going to be expensive to lease.

kdrareg

Thank you. Seems like the support is really for 2016 models.

manku

Just a quick FYI...helped a friend get a new 2016 X3...sticker 61995 (six liter, loaded)...zero drive off, $740/month including tax (9%) for 36/12. Used 7 MSD to lower payment $40/month.

Maybe could have done better, but they were really particular about car color!

Michaell

manku said:

Just a quick FYI...helped a friend get a new 2016 X3...sticker 61995 (six liter, loaded)...zero drive off, $740/month including tax (9%) for 36/12. Used 7 MSD to lower payment $40/month.

Maybe could have done better, but they were really particular about car color!

Congrats!

websterize

Hi, any supported BMWFS lease numbers in May 2016 on stale, 2015 X3s? Thanks.

Michaell

websterize said:

Hi, any supported BMWFS lease numbers in May 2016 on stale, 2015 X3s? Thanks.

No supported numbers on 2015 X3's this month, sorry

schand820

Can you please tell me the MF and Residual for the 2016 X3 xDrive 28i and X3 xDrive 35i 36m/12k

kyfdx

schand820 said:

Can you please tell me the MF and Residual for the 2016 X3 xDrive 28i and X3 xDrive 35i 36m/12k

.00138 MF and 60% residual for either model

dlucas589

Any lease numbers on demo 2015 x3 xdrive 35i in Sept? MF and residual

Michaell

dlucas589 said:

Any lease numbers on demo 2015 x3 xdrive 35i in Sept? MF and residual

No 2015 numbers.