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2015 BMW X3 Lease Questions

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Comments

  • Patelshivam94Patelshivam94 NJPosts: 59
    Can I get the May numbers please for 2015 X3 xDrive 28i? 

    36 Months / 15K Miles Per Year.

    Have a pending deal from yesterday with 55% Residual, wondering if there was an increase for May.

    Thanks, in advance. 
  • MichaellMichaell ColoradoPosts: 113,581

    Can I get the May numbers please for 2015 X3 xDrive 28i? 

    36 Months / 15K Miles Per Year.

    Have a pending deal from yesterday with 55% Residual, wondering if there was an increase for May.

    Thanks, in advance. 

    Limited numbers from BMW so far ... 56% and .00129 for 36/10 is all we have at the moment.

    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

  • jmcbmwjmcbmw Posts: 82
    my deal fell through for now, BMWFS changed the Residual to 53% for 36 mo / 15K for May but lowered the money factor .0129 base rate.
  • mpinkstonmpinkston Posts: 28
    do you have the 2015 and 2016 X3 xDrive 28i MF and residual for 36 or 39 months, 12k miles?
  • MichaellMichaell ColoradoPosts: 113,581
    mpinkston said:

    do you have the 2015 and 2016 X3 xDrive 28i MF and residual for 36 or 39 months, 12k miles?

    55% and .00129 for 36/12. 39 month numbers not viable.

    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

  • mpinkstonmpinkston Posts: 28
    Michaell said:

    mpinkston said:

    do you have the 2015 and 2016 X3 xDrive 28i MF and residual for 36 or 39 months, 12k miles?

    55% and .00129 for 36/12. 39 month numbers not viable.
    Is this for 2015 or 2016?
  • MichaellMichaell ColoradoPosts: 113,581
    mpinkston said:

    Michaell said:

    mpinkston said:

    do you have the 2015 and 2016 X3 xDrive 28i MF and residual for 36 or 39 months, 12k miles?

    55% and .00129 for 36/12. 39 month numbers not viable.
    Is this for 2015 or 2016?
    Sorry, 2015. I didn't see the 2016 part until just now.

    2016 X3 - .00129 and 54%

    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

  • mwlmd2mwlmd2 Posts: 6
    Greetings,

    Can you post the MF and residual for the following xdrive models: (36mo/7.5kmi/mo)
    2016 X3 35i
    2016 X3 28d
    2016 X3 28i

    Are there currently any lease cash incentives or eco credits on the diesel models?

    Thanks,

  • kyfdxkyfdx Posts: 122,546
    mwlmd2 said:

    Greetings,

    Can you post the MF and residual for the following xdrive models: (36mo/7.5kmi/mo)
    2016 X3 35i
    2016 X3 28d
    2016 X3 28i

    Are there currently any lease cash incentives or eco credits on the diesel models?

    Thanks,

    .00128 MF and 55% for 36mo, 10K/yr. for all 2016 X3 models.

    Don't think BMW has a 7.5K/yr program, but if they do, it's 1% more on the residual.

    No incentives on the X3

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

    Edmunds Moderator

  • stekicarstekicar Posts: 31
    Got a sale price of $44551 (msrp 46650). Looking to lease for 36m/15k, Live in MI, 6% tax. What should be the numbers? Sales person told me it is $722.55 with 0 down. What is the residual value, 53%? My calculations shows $678.93.
  • MichaellMichaell ColoradoPosts: 113,581
    stekicar said:

    Got a sale price of $44551 (msrp 46650). Looking to lease for 36m/15k, Live in MI, 6% tax. What should be the numbers? Sales person told me it is $722.55 with 0 down. What is the residual value, 53%? My calculations shows $678.93.

    52% for 36/15 and .00128 MF.

    With your MSRP and selling price, I get a $651.77/mo payment before tax. 6% tax takes the payment to $690.88/mo.

    My guess is that the net capitalized cost is higher than the selling price as they've rolled in some of the fees. Get that number from the dealer.

    Also, the dealer is allowed to mark up the MF from .00128 - confirm that as well.

    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

  • stekicarstekicar Posts: 31
    Thank you for reply. So, my numbers are ok with correction of residual value which is now worse. Seller said that he was using 0.00129 to calculate payment. He does not want to give me itemized numbers although I insisted on it. What is the residual value for 12k/36m? 54%?
  • kyfdxkyfdx Posts: 122,546
    stekicar said:

    Thank you for reply. So, my numbers are ok with correction of residual value which is now worse. Seller said that he was using 0.00129 to calculate payment. He does not want to give me itemized numbers although I insisted on it. What is the residual value for 12k/36m? 54%?

    .00128 MF and 55% residual for 36/12, this month.

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

    Edmunds Moderator

  • tufts0207tufts0207 Posts: 10
    Hello all,
    I am looking into leasing a 2016 X3.

    I negotiated the following and was hoping to get some feedback on anything I should try and adjust. Purchasing in NC but the car is going to PA. Not sure what the tax situation is there. Car is for my parents. The numbers they gave me assumed NC tax numbers.

    2016 X3 (x28i) (Cold Weather, Drivers Assist, Tech, Premium)
    36m/15k miles
    MSRP: $49400
    Negotiated price: $46600
    ?Bank fee ("Capped Fees"): $995
    Adj Cap Cost: $47595
    7xSD: $5250
    MF after MSD = 0.0008
    Residual 52%
    Base Payment: $666.42
    Monthly Sales Tax (NC 3%): $19.99
    Monthly Payment = $686.41

    Drive off:
    Up front pmt: $686.41
    SD: $5250
    Up front fees: $672
    Up front sales tax: $177.66
    Cash due on lease: $6786.07

    Thanks in advance for your help!
  • kyfdxkyfdx Posts: 122,546
    tufts0207 said:

    Hello all,
    I am looking into leasing a 2016 X3.

    I negotiated the following and was hoping to get some feedback on anything I should try and adjust. Purchasing in NC but the car is going to PA. Not sure what the tax situation is there. Car is for my parents. The numbers they gave me assumed NC tax numbers.

    2016 X3 (x28i) (Cold Weather, Drivers Assist, Tech, Premium)
    36m/15k miles
    MSRP: $49400
    Negotiated price: $46600
    ?Bank fee ("Capped Fees"): $995
    Adj Cap Cost: $47595
    7xSD: $5250
    MF after MSD = 0.0008
    Residual 52%
    Base Payment: $666.42
    Monthly Sales Tax (NC 3%): $19.99
    Monthly Payment = $686.41

    Drive off:
    Up front pmt: $686.41
    SD: $5250
    Up front fees: $672
    Up front sales tax: $177.66
    Cash due on lease: $6786.07

    Thanks in advance for your help!

    PA tax on leases is monthly, and it's the normal rate +3%. So, depending on where they live, 9%-10% on the payment.

    Over $700/mo. is sort of pricy for a $49,400 vehicle.. Not that you have a bad deal. Just that the lease program isn't very good on the X3.

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

    Edmunds Moderator

  • annu6annu6 Posts: 10
    Can I please get residual for the following:
    2016 x28i 24/12K and 10K
    2015 x28i 24/12K and 10K

    Like always thanks for your help.
  • kyfdxkyfdx Posts: 122,546
    annu6 said:

    Can I please get residual for the following:
    2016 x28i 24/12K and 10K
    2015 x28i 24/12K and 10K

    Like always thanks for your help.

    2015: .00128 MF and 61%/62% residual
    2016: .00128 MF and 60%/61% residual

    In all cases, the 36 month residuals are just 6% less.

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

    Edmunds Moderator

  • peterjunpeterjun Posts: 2
    edited June 2015
    Can anyone tell me the MF and residual for a 2016 x3 xDrive28i for 48/12k and 36/12k in northern california?  Thanks!
  • MichaellMichaell ColoradoPosts: 113,581
    peterjun said:
    Can anyone tell me the MF and residual for a 2016 x3 xDrive28i for 48/12k and 36/12k in northern california?  Thanks!
    54% and .00128 for 36/12. 48 month numbers not viable. 

    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

  • ybeezy2k3ybeezy2k3 Posts: 4
    Can I get the MF and Residual for a 2015 X3 x35i at 36/10k and 12k please.
  • MichaellMichaell ColoradoPosts: 113,581
    ybeezy2k3 said:

    Can I get the MF and Residual for a 2015 X3 x35i at 36/10k and 12k please.

    54% and .00128 for 36/12. Add 1% for 10K

    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

  • vittorio1vittorio1 Posts: 4
    edited June 2015
    I'm new to leasing, long story short I'm picking up a X3 today wondering if it is a good deal

    2016 xDrive28i
    MSRP: 48,900
    Term: 36/10
    Negotiated price: 44,300
    NJ Taxes and Fees first month upfront: 3,900

    Monthly Payment: 545

    I had no idea about residuals, MFs or MSDs so didn't even ask about those.

  • annu6annu6 Posts: 10
    vittorio1 said:

    I'm new to leasing, long story short I'm picking up a X3 today wondering if it is a good deal

    2016 xDrive28i
    MSRP: 48,900
    Term: 36/10
    Negotiated price: 44,300
    NJ Taxes and Fees first month upfront: 3,900

    Monthly Payment: 545

    I had no idea about residuals, MFs or MSDs so didn't even ask about those.

    May I know which dealership is this?
  • kyfdxkyfdx Posts: 122,546
    vittorio1 said:

    I'm new to leasing, long story short I'm picking up a X3 today wondering if it is a good deal

    2016 xDrive28i
    MSRP: 48,900
    Term: 36/10
    Negotiated price: 44,300
    NJ Taxes and Fees first month upfront: 3,900

    Monthly Payment: 545

    I had no idea about residuals, MFs or MSDs so didn't even ask about those.

    .00128 MF and 56% residual

    Assuming your $3900 covers all taxes and fees, then I get $561/mo. So, not bad..

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

    Edmunds Moderator

  • hasheeshahasheesha Posts: 6
    Hey folks,

    I am new to leasing and am about to finalize a deal with my dealership in Madison WI. Can you let me know if this is a good deal and if there is anywhere i can do savings. Would multiple security deposits help in this case? I didn't know about them so didn't ask the dealership

    2015 BMW X3 xDrive 28i
    MSRP: $49,275
    Negotiated Price: $46,258.45
    ---------------------
    36mo/10K
    ---------------------
    UPFRONT: $5000
    Breakdown:
    1st month payment - $555
    Fees & Insurance - $164
    Upfront taxes - $223.18
    Cap Reduction (Cash) - $4057.82
    --------------------
    Monthly Payment: $555
    Base: $526.07
    Taxes: $28.93
    --------------------
    MF: 0.00128
    Residual: 56%
    --------------------
    Cap Cost Breakdown
    Selling Price: 46,258.45
    Acquisition Fee: $795
    Fees & Insurance: $195
    Reduction: $(4,057.82)
    Cap Cost: $43,190.63
    --------------------
    Fee breakdown
    Doc Fee: $195
    License: $75
    Title: $69.50
    Electronic Filing: $19.50

    Thanks!!!
  • MichaellMichaell ColoradoPosts: 113,581
    hasheesha said:

    Hey folks,

    I am new to leasing and am about to finalize a deal with my dealership in Madison WI. Can you let me know if this is a good deal and if there is anywhere i can do savings. Would multiple security deposits help in this case? I didn't know about them so didn't ask the dealership

    2015 BMW X3 xDrive 28i
    MSRP: $49,275
    Negotiated Price: $46,258.45
    ---------------------
    36mo/10K
    ---------------------
    UPFRONT: $5000
    Breakdown:
    1st month payment - $555
    Fees & Insurance - $164
    Upfront taxes - $223.18
    Cap Reduction (Cash) - $4057.82
    --------------------
    Monthly Payment: $555
    Base: $526.07
    Taxes: $28.93
    --------------------
    MF: 0.00128
    Residual: 56%
    --------------------
    Cap Cost Breakdown
    Selling Price: 46,258.45
    Acquisition Fee: $795
    Fees & Insurance: $195
    Reduction: $(4,057.82)
    Cap Cost: $43,190.63
    --------------------
    Fee breakdown
    Doc Fee: $195
    License: $75
    Title: $69.50
    Electronic Filing: $19.50

    Thanks!!!

    Some good, some bad ....

    Good - the base MF is being used. Dealer can mark it up for more profit, but they aren't doing that here.

    Bad - we don't recommend making a cap cost reduction on a lease. If the car is stolen or totaled, you lose that money. And, the total cash outlay for the lease is the same.

    As is, I get a pre-tax payment of about $524/mo with your numbers; pretty close to your quote of $526.

    Each $1000 of cap reduction lowers your payment by about $28/mo, so in reality your payment is around $638/mo.

    As you can see, the X3 doesn't lease terribly well .. that's mainly due to the low residual.

    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

  • hasheeshahasheesha Posts: 6
    Thanks Michaell!!!

    So if I remove the cap cost reduction and instead go for MSDs how would that affect the quote? I am trying to understand the math behind it but am finding that piece challenging.
  • MichaellMichaell ColoradoPosts: 113,581
    hasheesha said:

    Thanks Michaell!!!

    So if I remove the cap cost reduction and instead go for MSDs how would that affect the quote? I am trying to understand the math behind it but am finding that piece challenging.

    If I adjust the cap cost upwards by $4000 and drop the MF to .00079, the pre-tax payment goes to about $603/mo.

    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

  • hasheeshahasheesha Posts: 6
    Michaell said:

    hasheesha said:

    Thanks Michaell!!!

    So if I remove the cap cost reduction and instead go for MSDs how would that affect the quote? I am trying to understand the math behind it but am finding that piece challenging.

    If I adjust the cap cost upwards by $4000 and drop the MF to .00079, the pre-tax payment goes to about $603/mo.
    Thank you once again!!! So if I do remove the cap cost reduction and instead go the route of MSDs, incase the car gets stolen or totaled, will i get the MSD back?

    Thanks in advance!
  • kyfdxkyfdx Posts: 122,546
    hasheesha said:

    Michaell said:

    hasheesha said:

    Thanks Michaell!!!

    So if I remove the cap cost reduction and instead go for MSDs how would that affect the quote? I am trying to understand the math behind it but am finding that piece challenging.

    If I adjust the cap cost upwards by $4000 and drop the MF to .00079, the pre-tax payment goes to about $603/mo.
    Thank you once again!!! So if I do remove the cap cost reduction and instead go the route of MSDs, incase the car gets stolen or totaled, will i get the MSD back?

    Thanks in advance!
    Yes.... even though the payment goes up, you get the MSDs back at lease end, leading to a lower overall cost.

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

    Edmunds Moderator

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