Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Did you get a great deal? Let us know in the Values & Prices Paid section!
Meet your fellow owners in our Owners Clubs

2015 BMW X3 Lease Questions

1234579

Comments

  • aa2015aa2015 Posts: 12
    Hello, I'm thinking of trading my 320 for an X3 since I can get the last 6 payments waived on my current lease but I feel like the payment quoted seems way to high. My salesperson quoted $590.00+tax (9% here in Los Angeles) =$643.00 on the X3 with MSRP of $43,700.00. He's telling me the sale price is $450 above invoice which I'm guessing is about $41,185.00 and the residual value is 50% but I'm looking a these posts puting the residual values at 55-59%. Here are the details on the new lease:
    2016 X3 sDrive28i with prem. package and driver assistant package msrp $43,700.00
    36 mo lease 10k miles /year 
    $1000.00 BMW credit
    $1000.00 total out of pocket 
    I'm hoping my salesperson is being honest about the residual value percentage otherwise it feels like I'm getting taken advantage of.
    Hopefully someone can shed some light on my issue. Thanks  


  • MichaellMichaell ColoradoPosts: 113,450
    aa2015 said:

    Hello, I'm thinking of trading my 320 for an X3 since I can get the last 6 payments waived on my current lease but I feel like the payment quoted seems way to high. My salesperson quoted $590.00+tax (9% here in Los Angeles) =$643.00 on the X3 with MSRP of $43,700.00. He's telling me the sale price is $450 above invoice which I'm guessing is about $41,185.00 and the residual value is 50% but I'm looking a these posts puting the residual values at 55-59%. Here are the details on the new lease:
    2016 X3 sDrive28i with prem. package and driver assistant package msrp $43,700.00
    36 mo lease 10k miles /year 
    $1000.00 BMW credit
    $1000.00 total out of pocket 
    I'm hoping my salesperson is being honest about the residual value percentage otherwise it feels like I'm getting taken advantage of.
    Hopefully someone can shed some light on my issue. Thanks  


    2016 X3's all have the same lease numbers - .00128 MF and 55% for 36/10. Dealer can't modify the residual value.

    I get about $610/mo after tax with the numbers you've provided. X3's do not lease well, as you can see.

    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

  • aa2015aa2015 Posts: 12
    Thanks Michaell,
    I just had another dealer quote me $554.00 based on the same numbers I provided here, though I didn't get specifics on the residual %. The first sales rep told me " I don't make up the residual value numbers" but seems like he modified them. I'll probably just wait until the end of my current lease and hopefully the X3 will have an attractive program. 
  • MichaellMichaell ColoradoPosts: 113,450
    aa2015 said:

    Thanks Michaell,
    I just had another dealer quote me $554.00 based on the same numbers I provided here, though I didn't get specifics on the residual %. The first sales rep told me " I don't make up the residual value numbers" but seems like he modified them. I'll probably just wait until the end of my current lease and hopefully the X3 will have an attractive program. 

    Technically true - the bank sets the residual and the dealer cannot modify them.

    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
    kyfdx said:

    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.
    Thank you so much for all your help!!!

    I was able to negotiate the following with the dealer. Any feedback would be much appreciated! I will be going to hopefully sign the lease and pick the car up on Tuesday.


    2015 BMW X3 xDrive28i
    ------------------------------------
    CAP COST BREAKDOWN:

    MSRP: $49,125
    Vehicle Cost: $49,275
    Selling Price: $46,100
    Aquisition Fee: $795
    Doc Fee: $195
    Adjusted Cap Cost: $47,090
    -------------------------------------
    LEASE TERMS:

    36 Month, 10K Miles
    -------------------------------------
    UPFRONT:

    First Month Payment: $635.98
    License: $75
    Title: $69.50
    Electronic Filing: $19.50
    Security Deposit (x7): $4550
    Total due at signing: $5349.98
    -------------------------------------
    RATE INFORMATION:

    MF: 0.00079
    Residual: 56% ($27,510)
    -------------------------------------
    MONTHLY PAYMENTS:

    Base Payment: $602.82
    Taxes: $33.16
    Total Monthly Payment: $635.98


    Thanks in advance!!!
  • MichaellMichaell ColoradoPosts: 113,450
    hasheesha said:

    kyfdx said:

    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.
    Thank you so much for all your help!!!

    I was able to negotiate the following with the dealer. Any feedback would be much appreciated! I will be going to hopefully sign the lease and pick the car up on Tuesday.


    2015 BMW X3 xDrive28i
    ------------------------------------
    CAP COST BREAKDOWN:

    MSRP: $49,125
    Vehicle Cost: $49,275
    Selling Price: $46,100
    Aquisition Fee: $795
    Doc Fee: $195
    Adjusted Cap Cost: $47,090
    -------------------------------------
    LEASE TERMS:

    36 Month, 10K Miles
    -------------------------------------
    UPFRONT:

    First Month Payment: $635.98
    License: $75
    Title: $69.50
    Electronic Filing: $19.50
    Security Deposit (x7): $4550
    Total due at signing: $5349.98
    -------------------------------------
    RATE INFORMATION:

    MF: 0.00079
    Residual: 56% ($27,510)
    -------------------------------------
    MONTHLY PAYMENTS:

    Base Payment: $602.82
    Taxes: $33.16
    Total Monthly Payment: $635.98


    Thanks in advance!!!
    I get the same payment before tax. Only way to sweeten the deal is to negotiate a lower selling price. You are saving about $37/mo by using the security deposits, or earning about 10% on that $4550 for the life of the lease.

    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

  • tallmasstallmass Posts: 40
    edited June 2015
    hi, are the mf and residual numbers the same in july as they are in june? If not what are they for 36months/12k and 36 months/ 15k? Im in southern california. Thank you in advance
  • MichaellMichaell ColoradoPosts: 113,450
    tallmass said:
    hi, are the mf and residual numbers the same in july as they are in june? If not what are they for 36months/12k and 36 months/ 15k? Im in southern california. Thank you in advance
    We don't have the July numbers yet. 

    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:

    kyfdx said:

    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.
    Thank you so much for all your help!!!

    I was able to negotiate the following with the dealer. Any feedback would be much appreciated! I will be going to hopefully sign the lease and pick the car up on Tuesday.


    2015 BMW X3 xDrive28i
    ------------------------------------
    CAP COST BREAKDOWN:

    MSRP: $49,125
    Vehicle Cost: $49,275
    Selling Price: $46,100
    Aquisition Fee: $795
    Doc Fee: $195
    Adjusted Cap Cost: $47,090
    -------------------------------------
    LEASE TERMS:

    36 Month, 10K Miles
    -------------------------------------
    UPFRONT:

    First Month Payment: $635.98
    License: $75
    Title: $69.50
    Electronic Filing: $19.50
    Security Deposit (x7): $4550
    Total due at signing: $5349.98
    -------------------------------------
    RATE INFORMATION:

    MF: 0.00079
    Residual: 56% ($27,510)
    -------------------------------------
    MONTHLY PAYMENTS:

    Base Payment: $602.82
    Taxes: $33.16
    Total Monthly Payment: $635.98


    Thanks in advance!!!
    I get the same payment before tax. Only way to sweeten the deal is to negotiate a lower selling price. You are saving about $37/mo by using the security deposits, or earning about 10% on that $4550 for the life of the lease.
    Yeah I saw that which is amazing! Thanks for your help in this. I tried getting them down to $45,750 which is close to 7% off the MSRP but the dealership did not want to go any further from the negotiated price above mainly due to the fact that they do not have the car and will be transporting it in so they factored the additional $350 for the transportation costs (they need to get the car in before July for me to get these numbers).
  • hasheeshahasheesha Posts: 6
    Just sharing info on the forum. Turns out the car we were negotiating for was already sold at the dealership it was at and they didn't update their system. So my dealership went ahead and found an equivalent 2016 X3 and brought it close enough to our original deal. I will be going to sign the lease later today.

    2016 BMW X3 xDrive 28i

    36 month/ 10K miles a year lease

    MSRP: $49,150
    Selling Price: $46,144.11
    Adjusted Cap Cost: $47,104.11

    Adjusted MF: 0.00079
    Residual: 55%

    Security Deposit ($650*7): $4550
    Total Upfront: $5364

    Base payment: $616.11
    Tax: $33.89
    Total monthly payment: $650.00

    Thanks to everyone for their help and advice!
  • MichaellMichaell ColoradoPosts: 113,450
    hasheesha said:

    Just sharing info on the forum. Turns out the car we were negotiating for was already sold at the dealership it was at and they didn't update their system. So my dealership went ahead and found an equivalent 2016 X3 and brought it close enough to our original deal. I will be going to sign the lease later today.

    2016 BMW X3 xDrive 28i

    36 month/ 10K miles a year lease

    MSRP: $49,150
    Selling Price: $46,144.11
    Adjusted Cap Cost: $47,104.11

    Adjusted MF: 0.00079
    Residual: 55%

    Security Deposit ($650*7): $4550
    Total Upfront: $5364

    Base payment: $616.11
    Tax: $33.89
    Total monthly payment: $650.00

    Thanks to everyone for their help and advice!

    Congratulations! Thanks for checking in; enjoy your new X3!

    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

  • djlowemodjlowemo Posts: 6
    Hi, any numbers for 2016 x3's? I don't see a forum for them. Thanks!
  • MichaellMichaell ColoradoPosts: 113,450
    djlowemo said:

    Hi, any numbers for 2016 x3's? I don't see a forum for them. Thanks!

    Just created .. try here:

    http://forums.edmunds.com/discussion/35489/bmw/x3/2016-bmw-x3-lease-questions?new=1

    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

  • uzman85uzman85 Posts: 16
    Hi I live in suburban Chicago. Yesterday, I was quoted the following for a 2015 BMW X3 x28i with M sport
    Included options:
    Driver Assistance Package
    Driver Assistance Plus
    Fineline Anthracite Wood Trim
    Harman/Kardon Surround Sound System
    Heated Front Seats
    Lighting Package
    M Sport
    Navigation System
    Premium Package
    Wheels: 19 X 8.5 M Double Spoke (Style 622M)

    MSRP 55,175
    Sell Price 53,500
    Dealer did not provide me specifics, but monthly payments were
    For $0 Down: $894-$912
    For $2,500 Down: $820-$840
    For $5,000 Down: $744-$766

    They also offered me Balloon Alternatives
    For $0 Down: $930-$950
    For $2,500 Down: $856-$876
    For $5,000 Down: $782-$802

    I didnt think it was a very good deal. Wanted to get your input here. Thanks.
  • MichaellMichaell ColoradoPosts: 113,450
    uzman85 said:
    Hi I live in suburban Chicago. Yesterday, I was quoted the following for a 2015 BMW X3 x28i with M sport Included options: Driver Assistance Package Driver Assistance Plus Fineline Anthracite Wood Trim Harman/Kardon Surround Sound System Heated Front Seats Lighting Package M Sport Navigation System Premium Package Wheels: 19 X 8.5 M Double Spoke (Style 622M) MSRP 55,175 Sell Price 53,500 Dealer did not provide me specifics, but monthly payments were For $0 Down: $894-$912 For $2,500 Down: $820-$840 For $5,000 Down: $744-$766 They also offered me Balloon Alternatives For $0 Down: $930-$950 For $2,500 Down: $856-$876 For $5,000 Down: $782-$802 I didnt think it was a very good deal. Wanted to get your input here. Thanks.
    What lease term and how many miles per year? 

    I agree - not a good 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

  • uzman85uzman85 Posts: 16
    Sorry forgot to mention, 12k miles, 36 month lease
  • uzman85uzman85 Posts: 16
    Michaell said:
    uzman85 said:
    Hi I live in suburban Chicago. Yesterday, I was quoted the following for a 2015 BMW X3 x28i with M sport Included options: Driver Assistance Package Driver Assistance Plus Fineline Anthracite Wood Trim Harman/Kardon Surround Sound System Heated Front Seats Lighting Package M Sport Navigation System Premium Package Wheels: 19 X 8.5 M Double Spoke (Style 622M) MSRP 55,175 Sell Price 53,500 Dealer did not provide me specifics, but monthly payments were For $0 Down: $894-$912 For $2,500 Down: $820-$840 For $5,000 Down: $744-$766 They also offered me Balloon Alternatives For $0 Down: $930-$950 For $2,500 Down: $856-$876 For $5,000 Down: $782-$802 I didnt think it was a very good deal. Wanted to get your input here. Thanks.
    What lease term and how many miles per year? 

    I agree - not a good deal. 
    Sorry forgot to mention. It was 12k miles per year and 36 months
  • MichaellMichaell ColoradoPosts: 113,450
    uzman85 said:


    Michaell said:


    uzman85 said:

    Hi I live in suburban Chicago. Yesterday, I was quoted the following for a 2015 BMW X3 x28i with M sport
    Included options:
    Driver Assistance Package
    Driver Assistance Plus
    Fineline Anthracite Wood Trim
    Harman/Kardon Surround Sound System
    Heated Front Seats
    Lighting Package
    M Sport
    Navigation System
    Premium Package
    Wheels: 19 X 8.5 M Double Spoke (Style 622M)

    MSRP 55,175
    Sell Price 53,500
    Dealer did not provide me specifics, but monthly payments were
    For $0 Down: $894-$912
    For $2,500 Down: $820-$840
    For $5,000 Down: $744-$766

    They also offered me Balloon Alternatives
    For $0 Down: $930-$950
    For $2,500 Down: $856-$876
    For $5,000 Down: $782-$802

    I didnt think it was a very good deal. Wanted to get your input here. Thanks.

    What lease term and how many miles per year? 

    I agree - not a good deal. 

    Sorry forgot to mention. It was 12k miles per year and 36 months

    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.

    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

  • uzman85uzman85 Posts: 16
    edited July 2015
    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 :smile:
  • kyfdxkyfdx Posts: 122,481
    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 :smile:
    Residual percentage is applied to the MSRP, not the negotiated selling price.

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

    Edmunds Moderator

  • MichaellMichaell ColoradoPosts: 113,450
    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 :smile:
    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

    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

  • uzman85uzman85 Posts: 16
    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 :smile:
    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.
  • uzman85uzman85 Posts: 16
    edited July 2015
    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 :smile:
    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.
  • MichaellMichaell ColoradoPosts: 113,450
    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 :smile:
    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.

    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

  • uzman85uzman85 Posts: 16
    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 :smile:
    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%
  • uzman85uzman85 Posts: 16
    Also what about the acquisition fee being added to the cap cost?
  • MichaellMichaell ColoradoPosts: 113,450
    uzman85 said:
    Also what about the acquisition fee being added to the cap cost?
    What about it? your choice.

    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

  • wyunwyun Posts: 5
    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.

  • kyfdxkyfdx Posts: 122,481
    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.

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

    Edmunds Moderator

  • sayssays Posts: 5
    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?
Sign In or Register to comment.