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2016 BMW X3 Lease Questions

MichaellMichaell ColoradoModerator Posts: 182,312
edited July 2015 in BMW
Ask your X3 lease questions here!

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Comments

  • thenegotiaterthenegotiater Member Posts: 8
    Hi, can you please share 2016 sDrive residual and mf for 10k & 12k when available. thanks
  • MichaellMichaell ColoradoModerator Posts: 182,312

    Hi, can you please share 2016 sDrive residual and mf for 10k & 12k when available. thanks

    .00130 and 54% for 36/12. Add 1% for 10K

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  • thenegotiaterthenegotiater Member Posts: 8
    I think residuals just changed for 2016. Any chance you have the 36/12K?

    Thanks in advance
  • MichaellMichaell ColoradoModerator Posts: 182,312
    I think residuals just changed for 2016. Any chance you have the 36/12K? Thanks in advance
    .00130 and 54%

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  • sayssays Member Posts: 5
    Trying to get a lease for 2016 BMW X3 xDrive28i (Includes Premium Package & driver Assistance Package)
    MSRP: $46,200
    Offered Price: $43,600
    Additional discount: $500
    Final Price:$43,100 (Would I be over-paying?)
    Do I need anymore details before I mention that I’m interested in leasing?
    What should I expect for down payment and monthly payments for 10K/36 mths?
  • MichaellMichaell ColoradoModerator Posts: 182,312
    says said:

    Trying to get a lease for 2016 BMW X3 xDrive28i (Includes Premium Package & driver Assistance Package)
    MSRP: $46,200
    Offered Price: $43,600
    Additional discount: $500
    Final Price:$43,100 (Would I be over-paying?)
    Do I need anymore details before I mention that I’m interested in leasing?
    What should I expect for down payment and monthly payments for 10K/36 mths?

    .00130 and 55% for 36/10 on the 2016 X3.

    With your MSRP and Final Price, I get a payment of $580.45/mo before tax.

    Up front costs will include the bank fee ($795), first payment, dealer fee and any state license or tag costs.

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  • thenegotiaterthenegotiater Member Posts: 8
    FYI..2016 X3 residuals have been bumped up to 58% for 36/10K, 57% for 12K. Not sure if limited to california but was told this might be temporary to stimulate sales. Depending on July sales they might keep, reduce or increase incentives on Aug 1st.
  • MichaellMichaell ColoradoModerator Posts: 182,312

    FYI..2016 X3 residuals have been bumped up to 58% for 36/10K, 57% for 12K. Not sure if limited to california but was told this might be temporary to stimulate sales. Depending on July sales they might keep, reduce or increase incentives on Aug 1st.

    Good to know! I've seen BMW bump the residuals for a month to help sales, but we won't see anything official until the new numbers are released next week.

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  • turboquattroturboquattro Member Posts: 5
    edited August 2015
    Did the numbers come in for August? Looking for the MF and residual for a 2016 X3 xDrive28i 10K per year Arizona region
  • kyfdxkyfdx Moderator Posts: 187,348

    Did the numbers come in for August? Looking for the MF and residual for a 2016 X3 xDrive28i 10K per year Arizona region

    .00130 MF and 58% residual for 36/10

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  • supergrampssupergramps Member Posts: 1
    Hi. Please share residuals and money factor for 2016 sdrive, xdrive, and diesel. 10k, 12k, 15k. As you can see, I'm undecided. Gonna go test driving today and the weekend.

    How are most people doing on pricing? Is $4,000 off msrp too aggressive?
  • MichaellMichaell ColoradoModerator Posts: 182,312

    Hi. Please share residuals and money factor for 2016 sdrive, xdrive, and diesel. 10k, 12k, 15k. As you can see, I'm undecided. Gonna go test driving today and the weekend.

    How are most people doing on pricing? Is $4,000 off msrp too aggressive?

    All X3's have the same numbers - .00130 and 55% for 36/15. Add 2% for 12K and 3% for 10K.

    We don't track prices, but I've heard that 5-7% off sticker is a decent discount. Not sure that applies to the 2016's just yet, however.

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  • ab68ab68 Member Posts: 3
    Michaell said:

    Ask your X3 lease questions here!

    What is the MF / Residual on a '16 X3d in August (both 24 and 36 month leases)? Thanks!
  • kyfdxkyfdx Moderator Posts: 187,348
    ab68 said:



    Michaell said:

    Ask your X3 lease questions here!

    What is the MF / Residual on a '16 X3d in August (both 24 and 36 month leases)? Thanks!
    .00130 MF and 61%/55% residual for 15K/yr

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  • sonystylesonystyle Member Posts: 10
    Please tell me if this is a bad/good/great deal?

    MSRP: 48600
    Sale Price: 45680
    MF:0.00180
    Adjusted Cap Cost: 42,601
    Upfront Fees: 1035
    Due at start:$5000
    Monthly: 540

    Where should I focus on negotiating?

    Many thanks,
  • kyfdxkyfdx Moderator Posts: 187,348
    sonystyle said:

    Please tell me if this is a bad/good/great deal?

    MSRP: 48600
    Sale Price: 45680
    MF:0.00180
    Adjusted Cap Cost: 42,601
    Upfront Fees: 1035
    Due at start:$5000
    Monthly: 540

    Where should I focus on negotiating?

    Many thanks,

    Base MF is .00130 and you should look for a discount that is about double what they are giving you...

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  • sonystylesonystyle Member Posts: 10
    MSRP: 48600
    Sale Price: 45680
    MF:0.00081 (7 MSD, $650x7)
    Adjusted Cap Cost: 42,601
    Upfront Fees: 0 (fees rolled into monthly)
    Due at start: 635 (first month) + 7 MSDs
    Monthly: 635

    Thoughts? Does this add up?
  • MichaellMichaell ColoradoModerator Posts: 182,312
    sonystyle said:

    MSRP: 48600
    Sale Price: 45680
    MF:0.00081 (7 MSD, $650x7)
    Adjusted Cap Cost: 42,601
    Upfront Fees: 0 (fees rolled into monthly)
    Due at start: 635 (first month) + 7 MSDs
    Monthly: 635

    Thoughts? Does this add up?

    Lease term? Miles per year?

    Edmunds Lease Calculator
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  • sonystylesonystyle Member Posts: 10
    Michaell said:
    MSRP: 48600 Sale Price: 45680 MF:0.00081 (7 MSD, $650x7) Adjusted Cap Cost: 42,601 Upfront Fees: 0 (fees rolled into monthly) Due at start: 635 (first month) + 7 MSDs Monthly: 635 Thoughts? Does this add up?
    Lease term? Miles per year?
    15k 36 months
  • kyfdxkyfdx Moderator Posts: 187,348
    sonystyle said:


    Michaell said:

    sonystyle said:

    MSRP: 48600
    Sale Price: 45680
    MF:0.00081 (7 MSD, $650x7)
    Adjusted Cap Cost: 42,601
    Upfront Fees: 0 (fees rolled into monthly)
    Due at start: 635 (first month) + 7 MSDs
    Monthly: 635

    Thoughts? Does this add up?

    Lease term? Miles per year?

    15k 36 months

    Is that a typo on your adjusted CAP? How did it get lower than the sale price?

    .00130 MF and 55% residual

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  • sonystylesonystyle Member Posts: 10
    kyfdx said:

    sonystyle said:


    Michaell said:

    sonystyle said:

    MSRP: 48600
    Sale Price: 45680
    MF:0.00081 (7 MSD, $650x7)
    Adjusted Cap Cost: 42,601
    Upfront Fees: 0 (fees rolled into monthly)
    Due at start: 635 (first month) + 7 MSDs
    Monthly: 635

    Thoughts? Does this add up?

    Lease term? Miles per year?

    15k 36 months
    Is that a typo on your adjusted CAP? How did it get lower than the sale price?

    .00130 MF and 55% residual


    Yea, the adjusted cap cost was with the prior quote of $5000 down. So please disregard the adjusted cap cost.
  • kyfdxkyfdx Moderator Posts: 187,348
    sonystyle said:

    kyfdx said:

    sonystyle said:


    Michaell said:

    sonystyle said:

    MSRP: 48600
    Sale Price: 45680
    MF:0.00081 (7 MSD, $650x7)
    Adjusted Cap Cost: 42,601
    Upfront Fees: 0 (fees rolled into monthly)
    Due at start: 635 (first month) + 7 MSDs
    Monthly: 635

    Thoughts? Does this add up?

    Lease term? Miles per year?

    15k 36 months
    Is that a typo on your adjusted CAP? How did it get lower than the sale price?

    .00130 MF and 55% residual

    Yea, the adjusted cap cost was with the prior quote of $5000 down. So please disregard the adjusted cap cost.


    I get $585/mo.+tax using the sale price as the CAP cost.

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  • ab68ab68 Member Posts: 3
    What are the September X3 lease figures: 15K residuals for 24 and 36 months as well as the money factor? THANKS!
  • MichaellMichaell ColoradoModerator Posts: 182,312
    ab68 said:

    What are the September X3 lease figures: 15K residuals for 24 and 36 months as well as the money factor? THANKS!

    .00130 and 61% / 55%

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  • dennisb10dennisb10 Member Posts: 2
    edited September 2015
    Hello, would you please help get the monthly payment for 10k/year, 24 or 36 month?
    The selling price is $44,500. I am okay to put some down (tax, etc.) in order to make the monthly payment low (preferably under $500). It's in Texas. Thanks!
  • MichaellMichaell ColoradoModerator Posts: 182,312
    dennisb10 said:

    Hello, would you please help get the monthly payment for 10k/year, 24 or 36 month?
    The selling price is $44,500. I am okay to put some down (tax, etc.) in order to make the monthly payment low (preferably under $500). It's in Texas. Thanks!

    We would need to know the MSRP in order to figure a payment.

    Lease numbers are .00130 and 64% (24/10) or 58% (36/10)

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  • dennisb10dennisb10 Member Posts: 2
    Oops.. MSRP is $46,995.
  • margaret2013x3margaret2013x3 Member Posts: 13
    Can you please tell me if the residual calculation is based on the MSRP or the agreed sale price?
  • kyfdxkyfdx Moderator Posts: 187,348

    Can you please tell me if the residual calculation is based on the MSRP or the agreed sale price?

    Full MSRP off the government sticker. The bottom line, including destination.

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  • MichaellMichaell ColoradoModerator Posts: 182,312
    dennisb10 said:

    Oops.. MSRP is $46,995.

    I get a 36 month payment of $572/mo + tax, or a 24 month payment of $698/mo + tax.

    Using max MSD to bring the MF down to .00081 only reduces the 36 month payment to $537/mo + tax.

    We do not recommend putting money down on a lease to lower the payment; if the car is stolen or totaled, you lose that money.

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  • ceeee1987ceeee1987 Member Posts: 7
    X3, i28, Xdrive (no line) 36/12K (or 10K), MF and residual please?
  • MichaellMichaell ColoradoModerator Posts: 182,312
    ceeee1987 said:

    X3, i28, Xdrive (no line) 36/12K (or 10K), MF and residual please?

    .00130 and 57% for 36/12. Add 1% for 10K

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  • meat_sweatsmeat_sweats Member Posts: 29
    Hi, can you tell me the MF and Residual for a x3 xDrive28i in NYC for 36/12K. Thanks!
  • kyfdxkyfdx Moderator Posts: 187,348

    Hi, can you tell me the MF and Residual for a x3 xDrive28i in NYC for 36/12K. Thanks!

    .00130 MF and 57% residual

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  • benzboy429benzboy429 Member Posts: 16
    October #'s please!!! 36mo 12k mi
  • pej7445pej7445 Member Posts: 7
    Can you tell me if this is a good deal?
    2016 X3, X-Line, well equipped. http://www.bmwusa.com/Standard/Content/BYO/SharedBuild.aspx?CMId=cw1oxq3k&mobileoverride=true
    36mo/10k/58% residual.
    MSRP: 55970
    Cap cost: $53325
    Dealer fee: $689.50
    Cap cost reduction: $1000
    Money Factor: .00155
    $731.92/mo
    $783.15/mo (including tax, Sales tax in FL, 7%)

    I would also be picking this up at the BMW performance center in SC, not that that makes much difference.

    Thanks in advance for your input/feedback.
  • MichaellMichaell ColoradoModerator Posts: 182,312

    October #'s please!!! 36mo 12k mi

    .00134 and 60%. $1000 option credit.

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  • MichaellMichaell ColoradoModerator Posts: 182,312
    pej7445 said:

    Can you tell me if this is a good deal?
    2016 X3, X-Line, well equipped. http://www.bmwusa.com/Standard/Content/BYO/SharedBuild.aspx?CMId=cw1oxq3k&mobileoverride=true
    36mo/10k/58% residual.
    MSRP: 55970
    Cap cost: $53325
    Dealer fee: $689.50
    Cap cost reduction: $1000
    Money Factor: .00155
    $731.92/mo
    $783.15/mo (including tax, Sales tax in FL, 7%)

    I would also be picking this up at the BMW performance center in SC, not that that makes much difference.

    Thanks in advance for your input/feedback.

    MF is marked up .. base MF for October is .00134.

    What is the $1000 going to? It's not enough to cover the up front costs of the lease (bank fee, dealer fee, first months payment).

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  • pej7445pej7445 Member Posts: 7
    I have a $1000 voucher from BMW toward the purchase/lease of a new car. Should I really expect the dealer to pass through the MF w/o any markup? Nice to see the residual climb in Oct. :)
  • pej7445pej7445 Member Posts: 7
    Can you point me to the details of that $1000 option credit you mentioned above?
  • benzboy429benzboy429 Member Posts: 16
    The $1000 option credit is available on 2016 x3/x4
  • MichaellMichaell ColoradoModerator Posts: 182,312
    pej7445 said:

    I have a $1000 voucher from BMW toward the purchase/lease of a new car. Should I really expect the dealer to pass through the MF w/o any markup? Nice to see the residual climb in Oct. :)

    If you have top tier credit, you should get the base MF from the dealer.

    MF went up, too, in October .. will offset some of that residual markup.

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  • meat_sweatsmeat_sweats Member Posts: 29
    Michaell said:

    October #'s please!!! 36mo 12k mi

    .00134 and 60%. $1000 option credit.
    I'm speaking with two different dealers in Westchester County, NY who are both insisting that the Residual is only 57%, not 60% for a 2016 xdrive28i, 36/12. I'm more than inclined to believe you guys. ANy explanation as to what might be up?
  • benzboy429benzboy429 Member Posts: 16
    The dealers are correct he made a mistake
  • meat_sweatsmeat_sweats Member Posts: 29

    The dealers are correct he made a mistake

    Thank you!

    Here's what I think I'm gonna go with...

    $43,000 selling price (is this the same as net cap cost?), residual of 57%, MF of .00134, 36 months, 12k miles; it would be $540.11/month with $3,364 due at signing (first month, taxes, acquisition fee, etc.) plus dmv.

    Seem legit?
  • kyfdxkyfdx Moderator Posts: 187,348

    The dealers are correct he made a mistake

    Yes.. 57% residual for 36/12

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  • meat_sweatsmeat_sweats Member Posts: 29
    kyfdx said:

    The dealers are correct he made a mistake

    Yes.. 57% residual for 36/12
    Thanks. Do you have any insight to the deal I posted right above?
  • kyfdxkyfdx Moderator Posts: 187,348

    kyfdx said:

    The dealers are correct he made a mistake

    Yes.. 57% residual for 36/12
    Thanks. Do you have any insight to the deal I posted right above?
    Looks like you have all the numbers down.

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  • sonystylesonystyle Member Posts: 10
    Please tell me what you think:

    15k miles/36 months
    MSRP $50,345
    Residual 55%
    MF: .00085 (7 MSDs)
    Selling Price: $45,345
    Acq/Fees/doc/lic/title: $1490
    Monthly: $632.36
    Massachusetts

    Thank you!
  • MichaellMichaell ColoradoModerator Posts: 182,312
    sonystyle said:

    Please tell me what you think:

    15k miles/36 months
    MSRP $50,345
    Residual 55%
    MF: .00085 (7 MSDs)
    Selling Price: $45,345
    Acq/Fees/doc/lic/title: $1490
    Monthly: $632.36
    Massachusetts

    Thank you!

    Assuming a tax rate of 6.25%, I get a payment of $587/mo with those numbers.

    I would ask the dealer what the net cap cost is - if it's higher than the selling price, ask them to explain what's been added.

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