2016 BMW X3 Lease Questions

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Comments

  • robertkaleal1robertkaleal1 Member Posts: 43
    Would anyone be able to provide the MF and resid for 36/15k for the 2016 and 2017 x3 35i? Thanks
  • kyfdxkyfdx Moderator Posts: 256,343

    Would anyone be able to provide the MF and resid for 36/15k for the 2016 and 2017 x3 35i? Thanks

    2016: .00138 MF and 58% residual
    2017: .00138 MF and 50% residual. $3500 lease credit.

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  • islavovislavov Member Posts: 5
    kyfdx said:

    Would anyone be able to provide the MF and resid for 36/15k for the 2016 and 2017 x3 35i? Thanks

    2016: .00138 MF and 58% residual
    2017: .00138 MF and 50% residual. $3500 lease credit.
    Interesting,

    Why 2017 residual is lower than 2016? Is it because of the 3500 lease credit?
    Should the lease credit be expected on top of the MSRP discount that I negotiate. In other words, if I shot for 5-7% off MSRP, should the 3,5k rebate come into play after the MSRP break off.

    Can we get June MF and residual for 2017 x3 12/36
    with Msport and without, if that would make any diff.

    Thank YOU!
  • kyfdxkyfdx Moderator Posts: 256,343
    islavov said:

    kyfdx said:

    Would anyone be able to provide the MF and resid for 36/15k for the 2016 and 2017 x3 35i? Thanks

    2016: .00138 MF and 58% residual
    2017: .00138 MF and 50% residual. $3500 lease credit.
    Interesting,

    Why 2017 residual is lower than 2016? Is it because of the 3500 lease credit?
    Should the lease credit be expected on top of the MSRP discount that I negotiate. In other words, if I shot for 5-7% off MSRP, should the 3,5k rebate come into play after the MSRP break off.

    Can we get June MF and residual for 2017 x3 12/36
    with Msport and without, if that would make any diff.

    Thank YOU!
    Have no idea why they decided to structure it that way, but yes, the residual is low to make up for the lease credit.

    Yes... expect $3500 off what you would expect to negotiate, normally. (but, verify).

    .00138 MF and 52% residual. $3500 lease credit.

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  • islavovislavov Member Posts: 5
    kyfdx said:

    islavov said:

    kyfdx said:

    Would anyone be able to provide the MF and resid for 36/15k for the 2016 and 2017 x3 35i? Thanks

    2016: .00138 MF and 58% residual
    2017: .00138 MF and 50% residual. $3500 lease credit.
    Interesting,

    Why 2017 residual is lower than 2016? Is it because of the 3500 lease credit?
    Should the lease credit be expected on top of the MSRP discount that I negotiate. In other words, if I shot for 5-7% off MSRP, should the 3,5k rebate come into play after the MSRP break off.

    Can we get June MF and residual for 2017 x3 12/36
    with Msport and without, if that would make any diff.

    Thank YOU!
    Have no idea why they decided to structure it that way, but yes, the residual is low to make up for the lease credit.

    Yes... expect $3500 off what you would expect to negotiate, normally. (but, verify).

    .00138 MF and 52% residual. $3500 lease credit.
    Ok, here is where I am standing:


    MSRP: 53145
    Negotiated Price: 50500 (After 2645 discount which is about 4 % off from MSRP)
    BMW Lease credit: 3500
    Trade: 1500 (I am not happy about it and plan to bargain more on this - 03 Honda Pilot 175K)
    Capitalized Price: 45500
    Residual %: 52 (for 36/12K) , (residual price ends up being 27,635.40)
    MF negotiated to 0.00148

    Now, the tricky part:
    I told dealer, I will pay MD taxes: $2,730.00 (45500 *0.06)
    They are showing "processing" and "non-tax" fees totaling about 650, which i don't mind paying up front.
    So, assuming I pay taxes and their fees 3380 (2730 md tax + 650 dealer fees), according to my calculations with the above numbers, lease payment should be (496.24 lease depreciation + $108.24 lease finance charge) for a total of 604.48.

    Dealer version of the story is 3500 down and lease payment of 657 which does not make sense to me. they are rolling taxes and fees all in, and then coming up with a final lease payment, but at the same time ask me for 3.5 down which to me essentially is taxes and their fees in way. I don't get where the 50 something dollar difference is coming up. they are telling my "formula" is wrong...

    I would be okay with paying 3.5K down but payment should be right around 600 (all taxes and fees included) - am I too optimistic or is it reasonable?...

    If I take my trade our of the equation and try to sell it separately, then buy 3 or 4 MSD - will this get me to under 600 payment. I really do not want to pay more than 3.5K up front for a lease, instead leaning towards MSD which supposedly I should get back at the end, if condition is good etc...

    Any feedback is much appreciated!



  • kyfdxkyfdx Moderator Posts: 256,343
    islavov said:

    kyfdx said:

    islavov said:

    kyfdx said:

    Would anyone be able to provide the MF and resid for 36/15k for the 2016 and 2017 x3 35i? Thanks

    2016: .00138 MF and 58% residual
    2017: .00138 MF and 50% residual. $3500 lease credit.
    Interesting,

    Why 2017 residual is lower than 2016? Is it because of the 3500 lease credit?
    Should the lease credit be expected on top of the MSRP discount that I negotiate. In other words, if I shot for 5-7% off MSRP, should the 3,5k rebate come into play after the MSRP break off.

    Can we get June MF and residual for 2017 x3 12/36
    with Msport and without, if that would make any diff.

    Thank YOU!
    Have no idea why they decided to structure it that way, but yes, the residual is low to make up for the lease credit.

    Yes... expect $3500 off what you would expect to negotiate, normally. (but, verify).

    .00138 MF and 52% residual. $3500 lease credit.
    Ok, here is where I am standing:


    MSRP: 53145
    Negotiated Price: 50500 (After 2645 discount which is about 4 % off from MSRP)
    BMW Lease credit: 3500
    Trade: 1500 (I am not happy about it and plan to bargain more on this - 03 Honda Pilot 175K)
    Capitalized Price: 45500
    Residual %: 52 (for 36/12K) , (residual price ends up being 27,635.40)
    MF negotiated to 0.00148

    Now, the tricky part:
    I told dealer, I will pay MD taxes: $2,730.00 (45500 *0.06)
    They are showing "processing" and "non-tax" fees totaling about 650, which i don't mind paying up front.
    So, assuming I pay taxes and their fees 3380 (2730 md tax + 650 dealer fees), according to my calculations with the above numbers, lease payment should be (496.24 lease depreciation + $108.24 lease finance charge) for a total of 604.48.

    Dealer version of the story is 3500 down and lease payment of 657 which does not make sense to me. they are rolling taxes and fees all in, and then coming up with a final lease payment, but at the same time ask me for 3.5 down which to me essentially is taxes and their fees in way. I don't get where the 50 something dollar difference is coming up. they are telling my "formula" is wrong...

    I would be okay with paying 3.5K down but payment should be right around 600 (all taxes and fees included) - am I too optimistic or is it reasonable?...

    If I take my trade our of the equation and try to sell it separately, then buy 3 or 4 MSD - will this get me to under 600 payment. I really do not want to pay more than 3.5K up front for a lease, instead leaning towards MSD which supposedly I should get back at the end, if condition is good etc...

    Any feedback is much appreciated!



    You forgot the acquisition fee of $925.
    Also, that $3500 incentive is taxable.

    That won't make up all of the difference, though.

    Ask the dealer for the adjusted CAP cost.

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  • islavovislavov Member Posts: 5
    yes, I did - thank you! lets see, trying to work out the numbers with dealer...
    Leaning towards not having any trade in, and buying some MSDs instead. Will deal with the trade on the side.
    Cap cost should be 47k considering no trade, correct?
  • MichaellMichaell Moderator Posts: 254,556
    islavov said:

    yes, I did - thank you! lets see, trying to work out the numbers with dealer...
    Leaning towards not having any trade in, and buying some MSDs instead. Will deal with the trade on the side.
    Cap cost should be 47k considering no trade, correct?

    What is the $3500 lease credit? I don't show that for the 2016 X3.

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  • islavovislavov Member Posts: 5
    its 2017. the residual is only 52 but i guess because of this, BMW is offering 3500 rebate to compensate. 2016 residual will be 59-60 from what I know thus far which is make the bottom line kind of same.
  • MichaellMichaell Moderator Posts: 254,556
    islavov said:

    its 2017. the residual is only 52 but i guess because of this, BMW is offering 3500 rebate to compensate. 2016 residual will be 59-60 from what I know thus far which is make the bottom line kind of same.

    Yes, correct. $3500 is available for the 2017 X3.

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  • islavovislavov Member Posts: 5
    Michaell said:

    islavov said:

    its 2017. the residual is only 52 but i guess because of this, BMW is offering 3500 rebate to compensate. 2016 residual will be 59-60 from what I know thus far which is make the bottom line kind of same.

    Yes, correct. $3500 is available for the 2017 X3.
    Thanks for ALL this useful info!

    I already have 150 miles on new x3 :)

    Regards,
    Ivan
  • mae2050mae2050 Member Posts: 8
    I see MF is 0.00138. What is the residual for 36/12K for a 2016 X3 28i x-drive? Is it 60%?
  • MichaellMichaell Moderator Posts: 254,556
    mae2050 said:

    I see MF is 0.00138. What is the residual for 36/12K for a 2016 X3 28i x-drive? Is it 60%?

    60%, yes.

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  • warz00warz00 Member Posts: 34
    1. Are MF and Resid the same for both x28i and x35i or is each different?
    2. does BMW offer a 36/7.5 lease?
  • MichaellMichaell Moderator Posts: 254,556
    warz00 said:

    1. Are MF and Resid the same for both x28i and x35i or is each different?
    2. does BMW offer a 36/7.5 lease?

    Numbers are the same for both models.

    I don't believe BMW offers 7.5K as a mileage allowance; 10K is the lowest.

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  • warz00warz00 Member Posts: 34
    Thx Michaell
  • lisat91403lisat91403 Member Posts: 167
    Looking at a 2016 X3 x28i, and hoping you can review the lease deal.

    MSRP: $51045
    Cap: $46905 ($45980 + $925 acquisition fee)
    MF: .00069
    Res: $29606.10 (58%/15k)
    Drive off: $5299.154 (7 MSD's at $4200, plus $575.99 1st mo, $428 DMV)

    Not sure what the extra $95 in the drive off is. Maybe documentation fee?

    Dealer comes up with $575.99/month at 8% tax

    We are actually in a 9% tax zone, so I believe it will bump the payment to $581.32. Doesn't seem like a big discount off MSRP, but not sure X3's have too much. Thanks.

  • MichaellMichaell Moderator Posts: 254,556

    Looking at a 2016 X3 x28i, and hoping you can review the lease deal.

    MSRP: $51045
    Cap: $46905 ($45980 + $925 acquisition fee)
    MF: .00069
    Res: $29606.10 (58%/15k)
    Drive off: $5299.154 (7 MSD's at $4200, plus $575.99 1st mo, $428 DMV)

    Not sure what the extra $95 in the drive off is. Maybe documentation fee?

    Dealer comes up with $575.99/month at 8% tax

    We are actually in a 9% tax zone, so I believe it will bump the payment to $581.32. Doesn't seem like a big discount off MSRP, but not sure X3's have too much. Thanks.

    I also get $581.32 with those numbers. Does look like an OK discount from sticker.

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  • lisat91403lisat91403 Member Posts: 167
    I have a new deal on the table from a different dealer. Could you please review this as well? I'm not sure what the EFF Fee is. Any ideas? Thanks.

    M.S.R.P.: $ 49,495.00
    INITIAL CAP COST: $ 43,720.00
    Residl Rt/Amt: 58.00%$ 28,707.10
    Lease Money Factor: 0.00069
    Term: 36
    Amount Due at Start──────────────────────
    First Monthly Payment....... 509.03
    SECURITY DEPOSIT............ 3,850.00
    LICENSE FEE................. 386.00
    Doc Fee..................... 80.00
    Ca. Tire Fee................ 7.00
    ACQ.FEE..................... 925.00
    EFF FEE..................... 29.00
    ACQ.FEE TAX UPFRT........... 83.25
    DOC.FEE TAX UPFRT........... 7.20
    ____________________________ __________
    Total Inception Fees........ 5,876.48
    ____________________________ __________
    Total Drive Off............. 5,876.48
    Base Monthly $ 467.00
    Mnthly Use Tax 9.0000% $ 42.03
    **MONTHLY PAYMENT**: $ 509.03
  • kyfdxkyfdx Moderator Posts: 256,343

    I have a new deal on the table from a different dealer. Could you please review this as well? I'm not sure what the EFF Fee is. Any ideas? Thanks.

    M.S.R.P.: $ 49,495.00
    INITIAL CAP COST: $ 43,720.00
    Residl Rt/Amt: 58.00%$ 28,707.10
    Lease Money Factor: 0.00069
    Term: 36
    Amount Due at Start──────────────────────
    First Monthly Payment....... 509.03
    SECURITY DEPOSIT............ 3,850.00
    LICENSE FEE................. 386.00
    Doc Fee..................... 80.00
    Ca. Tire Fee................ 7.00
    ACQ.FEE..................... 925.00
    EFF FEE..................... 29.00
    ACQ.FEE TAX UPFRT........... 83.25
    DOC.FEE TAX UPFRT........... 7.20
    ____________________________ __________
    Total Inception Fees........ 5,876.48
    ____________________________ __________
    Total Drive Off............. 5,876.48
    Base Monthly $ 467.00
    Mnthly Use Tax 9.0000% $ 42.03
    **MONTHLY PAYMENT**: $ 509.03

    I get the same numbers.. That's a really solid deal.

    Do you have some sort of fleet deal to get an extra .00020 off the money factor?

    EFF = electronic filing fee. Typical charge for California.

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  • lisat91403lisat91403 Member Posts: 167
    kyfdx said:

    I have a new deal on the table from a different dealer. Could you please review this as well? I'm not sure what the EFF Fee is. Any ideas? Thanks.

    M.S.R.P.: $ 49,495.00
    INITIAL CAP COST: $ 43,720.00
    Residl Rt/Amt: 58.00%$ 28,707.10
    Lease Money Factor: 0.00069
    Term: 36
    Amount Due at Start──────────────────────
    First Monthly Payment....... 509.03
    SECURITY DEPOSIT............ 3,850.00
    LICENSE FEE................. 386.00
    Doc Fee..................... 80.00
    Ca. Tire Fee................ 7.00
    ACQ.FEE..................... 925.00
    EFF FEE..................... 29.00
    ACQ.FEE TAX UPFRT........... 83.25
    DOC.FEE TAX UPFRT........... 7.20
    ____________________________ __________
    Total Inception Fees........ 5,876.48
    ____________________________ __________
    Total Drive Off............. 5,876.48
    Base Monthly $ 467.00
    Mnthly Use Tax 9.0000% $ 42.03
    **MONTHLY PAYMENT**: $ 509.03

    I get the same numbers.. That's a really solid deal.

    Do you have some sort of fleet deal to get an extra .00020 off the money factor?

    EFF = electronic filing fee. Typical charge for California.
    Yes, corporate discount bringing the MF down, and $1000 off best price. Thank you!
  • lisat91403lisat91403 Member Posts: 167
    So my corporate discount deal fell through because the dealers have already "punched" their 2016 vehicles. BMW will not honor the corporate discount if the car is already reported as sold. So the deal listed above is off the table.

    However, I found a different X3 that is equipped more to my liking. Here is the new deal:

    MSRP $51,470.00
    Selling price $45,000.00

    36/15k miles, 58% RV
    MF: .00089

    Base Payment 487.38
    Total Payment 531.24

    Amount Due at Signing
    1st Month Payment 531.24
    Security Deposits 3,850.00
    Acquisition Fee 925.00
    Fees & Insurance 513.00
    Upfront Taxes 90.45
    Total Inception Fees 5,909.69

    Please let me know if this looks right. They are holding the vehicle for me to pick up on Saturday. Thanks!
  • kyfdxkyfdx Moderator Posts: 256,343

    So my corporate discount deal fell through because the dealers have already "punched" their 2016 vehicles. BMW will not honor the corporate discount if the car is already reported as sold. So the deal listed above is off the table.

    However, I found a different X3 that is equipped more to my liking. Here is the new deal:

    MSRP $51,470.00
    Selling price $45,000.00

    36/15k miles, 58% RV
    MF: .00089

    Base Payment 487.38
    Total Payment 531.24

    Amount Due at Signing
    1st Month Payment 531.24
    Security Deposits 3,850.00
    Acquisition Fee 925.00
    Fees & Insurance 513.00
    Upfront Taxes 90.45
    Total Inception Fees 5,909.69

    Please let me know if this looks right. They are holding the vehicle for me to pick up on Saturday. Thanks!

    Looks correct to the penny.

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  • zoombie99zoombie99 Member Posts: 323

    So my corporate discount deal fell through because the dealers have already "punched" their 2016 vehicles. BMW will not honor the corporate discount if the car is already reported as sold. So the deal listed above is off the table.

    If the car has been punched, the dealer should be able to give you a much better deal on that car since BMW gives the dealers additional incentives to punch cars. It is my understanding that BMW will have dealers punch (buy) the cars at the last day of the month depending on month to date sales.

    BMW 2019 540x Bluestone
    BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
  • lisat91403lisat91403 Member Posts: 167
    zoombie99 said:

    So my corporate discount deal fell through because the dealers have already "punched" their 2016 vehicles. BMW will not honor the corporate discount if the car is already reported as sold. So the deal listed above is off the table.

    If the car has been punched, the dealer should be able to give you a much better deal on that car since BMW gives the dealers additional incentives to punch cars. It is my understanding that BMW will have dealers punch (buy) the cars at the last day of the month depending on month to date sales.

    So are you saying that the deal I have on the table is not a good one? When you say "much better deal"...how much better do you think I should be doing? I thought 12.5% off MSRP was pretty good.
  • myfirstbmwmyfirstbmw Member Posts: 7
    Hello,

    I have received an offer as follows...would appreciate any feedback.

    2016
    X3 x28i

    Drivers assistance
    Tech package
    premium package
    Cold weather

    MSRP $50,345.
    Sales price $46,143.84

    fees: $235.00
    Sales tax: $3,691.51

    Net sales price: $50,070.35

    Money factor: .0016 61% residual

    $2500 due at signing. 36/10 @ $548.41 per month.

    Solid deal these days?

    Any feedback appreciated thank you
  • MichaellMichaell Moderator Posts: 254,556

    Hello,

    I have received an offer as follows...would appreciate any feedback.

    2016
    X3 x28i

    Drivers assistance
    Tech package
    premium package
    Cold weather

    MSRP $50,345.
    Sales price $46,143.84

    fees: $235.00
    Sales tax: $3,691.51

    Net sales price: $50,070.35

    Money factor: .0016 61% residual

    $2500 due at signing. 36/10 @ $548.41 per month.

    Solid deal these days?

    Any feedback appreciated thank you

    Well, that depends.

    The MF is marked up - .00138 is the base rate.

    What state is this ... only 4 states tax the entire selling price.

    What does the $2500 due at signing cover?

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  • sd8009467sd8009467 Member Posts: 2
    Greetings,

    i am trying to get a lease deal on 2016 X3 xDrive28i. Here's what I get so far - thoughts?

    package included: driver assistant
    Term: 36/10k
    MRSP: 43945
    Residual: 61%
    Initial Cap cost: 39794
    Cash down: 4169.5
    Rebate: 1000
    MF: 0.00069
    Total adds to cap: 925
    Adjusted Cap cost: 39719.82
    Base monthly rental: 404.6
    Tax: 35.4
    Total monthly pay: 440
    Security deposit: 3150
    Amount due at start: 4169.5

    Since there is a security deposit, the total drive off fee = 4169.5 - 1000(rebate) - 3150 ( deposit) = 19.5

    Is it a good deal?

    Thanks in advance!


  • myfirstbmwmyfirstbmw Member Posts: 7
    im in New York state. the $2500.00 in will get clarification on.
  • myfirstbmwmyfirstbmw Member Posts: 7
    just heard back from dealer...he says the $2500 covers first payment, sales tax, an MV and dealer fees.
  • kyfdxkyfdx Moderator Posts: 256,343
    sd8009467 said:

    Greetings,

    i am trying to get a lease deal on 2016 X3 xDrive28i. Here's what I get so far - thoughts?

    package included: driver assistant
    Term: 36/10k
    MRSP: 43945
    Residual: 61%
    Initial Cap cost: 39794
    Cash down: 4169.5
    Rebate: 1000
    MF: 0.00069
    Total adds to cap: 925
    Adjusted Cap cost: 39719.82
    Base monthly rental: 404.6
    Tax: 35.4
    Total monthly pay: 440
    Security deposit: 3150
    Amount due at start: 4169.5

    Since there is a security deposit, the total drive off fee = 4169.5 - 1000(rebate) - 3150 ( deposit) = 19.5

    Is it a good deal?

    Thanks in advance!


    Looks really good. I agree with the calculations.

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  • kyfdxkyfdx Moderator Posts: 256,343

    im in New York state. the $2500.00 in will get clarification on.

    just heard back from dealer...he says the $2500 covers first payment, sales tax, an MV and dealer fees.

    Okay.. the tax still isn't right. NYS only taxes the sum of the payments, and collects it upfront. They don't tax the full selling price of the vehicle.

    As mentioned before, the MF is marked up from the .00138 base, and you still need to know the adjusted CAP cost. (which won't include tax, because the $2500 covers that, right?)

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  • myfirstbmwmyfirstbmw Member Posts: 7
    OK, here's the new and improved deal...looks good to me...thoughts?

    X28i MSRP $50,345

    Cap cost $44,150.

    36/10

    base MF rate .00138.

    $2500 out the door includes first month, all MV fees plus sales tax.

    Appears to be a very good deal to me.

  • kyfdxkyfdx Moderator Posts: 256,343

    OK, here's the new and improved deal...looks good to me...thoughts?

    X28i MSRP $50,345

    Cap cost $44,150.

    36/10

    base MF rate .00138.

    $2500 out the door includes first month, all MV fees plus sales tax.

    Appears to be a very good deal to me.

    What is the payment?

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  • lisat91403lisat91403 Member Posts: 167
    kyfdx said:

    So my corporate discount deal fell through because the dealers have already "punched" their 2016 vehicles. BMW will not honor the corporate discount if the car is already reported as sold. So the deal listed above is off the table.

    However, I found a different X3 that is equipped more to my liking. Here is the new deal:

    MSRP $51,470.00
    Selling price $45,000.00

    36/15k miles, 58% RV
    MF: .00089

    Base Payment 487.38
    Total Payment 531.24

    Amount Due at Signing
    1st Month Payment 531.24
    Security Deposits 3,850.00
    Acquisition Fee 925.00
    Fees & Insurance 513.00
    Upfront Taxes 90.45
    Total Inception Fees 5,909.69

    Please let me know if this looks right. They are holding the vehicle for me to pick up on Saturday. Thanks!

    Looks correct to the penny.

    Thank you to the moderators -- I picked up my new X3 yesterday! After months of looking around on these boards, trying to decide which vehicle I wanted, I finally made my purchase. The deal above is exactly what I agreed to yesterday, and I am very happy with the vehicle so far. Thanks again!
  • MichaellMichaell Moderator Posts: 254,556

    kyfdx said:

    So my corporate discount deal fell through because the dealers have already "punched" their 2016 vehicles. BMW will not honor the corporate discount if the car is already reported as sold. So the deal listed above is off the table.

    However, I found a different X3 that is equipped more to my liking. Here is the new deal:

    MSRP $51,470.00
    Selling price $45,000.00

    36/15k miles, 58% RV
    MF: .00089

    Base Payment 487.38
    Total Payment 531.24

    Amount Due at Signing
    1st Month Payment 531.24
    Security Deposits 3,850.00
    Acquisition Fee 925.00
    Fees & Insurance 513.00
    Upfront Taxes 90.45
    Total Inception Fees 5,909.69

    Please let me know if this looks right. They are holding the vehicle for me to pick up on Saturday. Thanks!

    Looks correct to the penny.

    Thank you to the moderators -- I picked up my new X3 yesterday! After months of looking around on these boards, trying to decide which vehicle I wanted, I finally made my purchase. The deal above is exactly what I agreed to yesterday, and I am very happy with the vehicle so far. Thanks again!
    Congrats, and enjoy the new X3!

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  • kapkanimdkapkanimd Member Posts: 136
    Any numbers for 36mo 12kmi for the X3? Thanks again in advance!
  • kyfdxkyfdx Moderator Posts: 256,343
    kapkanimd said:

    Any numbers for 36mo 12kmi for the X3? Thanks again in advance!

    .00137 MF and 65% residual

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  • zoombie99zoombie99 Member Posts: 323

    zoombie99 said:

    So my corporate discount deal fell through because the dealers have already "punched" their 2016 vehicles. BMW will not honor the corporate discount if the car is already reported as sold. So the deal listed above is off the table.

    If the car has been punched, the dealer should be able to give you a much better deal on that car since BMW gives the dealers additional incentives to punch cars. It is my understanding that BMW will have dealers punch (buy) the cars at the last day of the month depending on month to date sales.

    So are you saying that the deal I have on the table is not a good one? When you say "much better deal"...how much better do you think I should be doing? I thought 12.5% off MSRP was pretty good.
    Sorry for the late response. The dealer has more money (profit) in punched cars.
    BMW 2019 540x Bluestone
    BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
  • rarekatrarekat Member Posts: 26
    Can you please provide the MF and Residual for 36/12K and 36/15k for the 2016 x3 x28i? Thanks.
  • MichaellMichaell Moderator Posts: 254,556
    rarekat said:

    Can you please provide the MF and Residual for 36/12K and 36/15k for the 2016 x3 x28i? Thanks.

    .00137 and 65% / 63%

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  • rarekatrarekat Member Posts: 26
    This is what I am quoted on a new 2016 X3 x28i with the following packages:

    Drivers assistance
    Tech package
    premium package
    Cold weather

    MSRP $50,345.
    Selling price $47,442

    Taxable Fees Estimated: $94 (Not sure what these are)
    Doc Fees: $598
    Tax: 24.64 (Not sure what these are)

    Net sales price: $48,158.64

    Money factor: .00147

    $3000 due at signing. 36/12 @ $519 per month includes taxes.(They are willing to do $500 a month).

    Is this a good deal?

    Any feedback appreciated. Thanks.
  • MichaellMichaell Moderator Posts: 254,556
    rarekat said:

    This is what I am quoted on a new 2016 X3 x28i with the following packages:

    Drivers assistance
    Tech package
    premium package
    Cold weather

    MSRP $50,345.
    Selling price $47,442

    Taxable Fees Estimated: $94 (Not sure what these are)
    Doc Fees: $598
    Tax: 24.64 (Not sure what these are)

    Net sales price: $48,158.64

    Money factor: .00147

    $3000 due at signing. 36/12 @ $519 per month includes taxes.(They are willing to do $500 a month).

    Is this a good deal?

    Any feedback appreciated. Thanks.

    It could be better.

    MF is marked up from base of .00137.

    What does the $3000 at signing cover? Ask for a detailed breakdown.

    What state and tax rate is this?

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  • rarekatrarekat Member Posts: 26
    Michaell said:

    rarekat said:

    This is what I am quoted on a new 2016 X3 x28i with the following packages:

    Drivers assistance
    Tech package
    premium package
    Cold weather

    MSRP $50,345.
    Selling price $47,442

    Taxable Fees Estimated: $94 (Not sure what these are)
    Doc Fees: $598
    Tax: 24.64 (Not sure what these are)

    Net sales price: $48,158.64

    Money factor: .00147

    $3000 due at signing. 36/12 @ $519 per month includes taxes.(They are willing to do $500 a month).

    Is this a good deal?

    Any feedback appreciated. Thanks.

    It could be better.

    MF is marked up from base of .00137.

    What does the $3000 at signing cover? Ask for a detailed breakdown.

    What state and tax rate is this?
    This is in NC and the tax rate is 3%.

    I will check with the dealer on the $3000 breakdown.

    Really appreciate your feedback. Thanks.
  • rarekatrarekat Member Posts: 26
    rarekat said:

    Michaell said:

    rarekat said:

    This is what I am quoted on a new 2016 X3 x28i with the following packages:

    Drivers assistance
    Tech package
    premium package
    Cold weather

    MSRP $50,345.
    Selling price $47,442

    Taxable Fees Estimated: $94 (Not sure what these are)
    Doc Fees: $598
    Tax: 24.64 (Not sure what these are)

    Net sales price: $48,158.64

    Money factor: .00147

    $3000 due at signing. 36/12 @ $519 per month includes taxes.(They are willing to do $500 a month).

    Is this a good deal?

    Any feedback appreciated. Thanks.

    It could be better.

    MF is marked up from base of .00137.

    What does the $3000 at signing cover? Ask for a detailed breakdown.

    What state and tax rate is this?
    This is in NC and the tax rate is 3%.

    I will check with the dealer on the $3000 breakdown.

    Really appreciate your feedback. Thanks.
    Just heard back from the dealer.

    This is the break down on the $3000 due at signing.
    Capital Cost Reduction (down payment): $1,735.72
    Capital Cost Reduction Tax: $52.07
    1st Months Payment: $499.45
    Documentation/Administration Fee (doc fee): $598
    Title Fee (tags/NC DMV): $94
    Up-Front Sales Tax: $20.76
    Total Due At Signing: $3,000

    I checked on the Money Factor. He said it is 0.00137 (so the previously quoted 0.00147 could have been a mistake).

    The residual at the end of the lease is quoted at 65% which is $32,724.25

    Edmunds TMV for this configuration is$46,963 and the dealer quoted me $47,442. So there may be more room for negotiation (also, this is there last 2016 X3 sitting on their lot).

    Please let me know what you think about this deal, and if I can do any better.

    Thanks again for all your feedback.
  • zoombie99zoombie99 Member Posts: 323
    rarekat said:

    rarekat said:

    Michaell said:

    rarekat said:


    Please let me know what you think about this deal, and if I can do any better.

    .

    There is more room. First, figure out what invoice is. Use Edmunds or truecar for that. You should be under invoice. I have been looking for a 2016 for my wife and I am getting quotes between $500.00 to $1,000 under invoice. Also use MSDs if you can afford same and buy down the money factor. Email other dealers too.

    BMW 2019 540x Bluestone
    BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
  • kyfdxkyfdx Moderator Posts: 256,343
    rarekat said:

    rarekat said:

    Michaell said:

    rarekat said:

    This is what I am quoted on a new 2016 X3 x28i with the following packages:

    Drivers assistance
    Tech package
    premium package
    Cold weather

    MSRP $50,345.
    Selling price $47,442

    Taxable Fees Estimated: $94 (Not sure what these are)
    Doc Fees: $598
    Tax: 24.64 (Not sure what these are)

    Net sales price: $48,158.64

    Money factor: .00147

    $3000 due at signing. 36/12 @ $519 per month includes taxes.(They are willing to do $500 a month).

    Is this a good deal?

    Any feedback appreciated. Thanks.

    It could be better.

    MF is marked up from base of .00137.

    What does the $3000 at signing cover? Ask for a detailed breakdown.

    What state and tax rate is this?
    This is in NC and the tax rate is 3%.

    I will check with the dealer on the $3000 breakdown.

    Really appreciate your feedback. Thanks.
    Just heard back from the dealer.

    This is the break down on the $3000 due at signing.
    Capital Cost Reduction (down payment): $1,735.72
    Capital Cost Reduction Tax: $52.07
    1st Months Payment: $499.45
    Documentation/Administration Fee (doc fee): $598
    Title Fee (tags/NC DMV): $94
    Up-Front Sales Tax: $20.76
    Total Due At Signing: $3,000

    I checked on the Money Factor. He said it is 0.00137 (so the previously quoted 0.00147 could have been a mistake).

    The residual at the end of the lease is quoted at 65% which is $32,724.25

    Edmunds TMV for this configuration is$46,963 and the dealer quoted me $47,442. So there may be more room for negotiation (also, this is there last 2016 X3 sitting on their lot).

    Please let me know what you think about this deal, and if I can do any better.

    Thanks again for all your feedback.
    $2600 off MSRP with a $600 dealer fee is pretty underwhelming.

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  • jfertljfertl Member Posts: 36
    Can you please provide the August money factor and residual for the 2016 X3 2.8 awd for 36 months and 10,000 miles per year.
  • MichaellMichaell Moderator Posts: 254,556
    jfertl said:

    Can you please provide the August money factor and residual for the 2016 X3 2.8 awd for 36 months and 10,000 miles per year.

    .00137 and 66%

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  • wco81wco81 Member Posts: 594
    subscribing.
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