2017 BMW X3 Lease Deals and Prices

wheelson1

I think the MSRP price of $55,370 includes $995 of destination fees

kyfdx

wheelson1 said:

Can someone comment on this lease deal?
2017 X3 xdrive 28i for 36 months 10k per year
Price 54,375
MSRP 55,370
Sale price 48,855 (includes loyalty credit of 1k)
I'm assuming the base residual and MF rates are used
$499 per month before taxes and fees
$459 with MSDs
TIA

wheelson1 said:

I think the MSRP price of $55,370 includes $995 of destination fees

Okay... That's the number that matters.

.00136 MF and 64% residual

I get $487/mo.+tax. Not too far off.

wheelson1

I'm trying to gauge how much of a discount I'm getting from dealer and whether or not it's decent discount based on past leases.
MSRP of 55,360 and negotiated selling price of 48,855 would suggest a discount of 6,515 with 1k of that coming from loyalty credit. Does anyone know of any October incentives/credits or is the dealer giving me a 10% discount? (5,515/55,360)
Thanks

Michaell

wheelson1 said:

I'm trying to gauge how much of a discount I'm getting from dealer and whether or not it's decent discount based on past leases.
MSRP of 55,360 and negotiated selling price of 48,855 would suggest a discount of 6,515 with 1k of that coming from loyalty credit. Does anyone know of any October incentives/credits or is the dealer giving me a 10% discount? (5,515/55,360)
Thanks

$1000 option allowance is the only incentive we know of this month.

wheelson1

So if i'm reading this correctly: total discount from MSRP is 6,515 with 1k coming from loyalty credit and 1k coming from option allowance incentive, then that means dealer is giving me 4,515 total discount from MSRP or 8.15%. Is that correct and is that considered a discount?

wheelson1

wheelson1 said:

So if i'm reading this correctly: total discount from MSRP is 6,515 with 1k coming from loyalty credit and 1k coming from option allowance incentive, then that means dealer is giving me 4,515 total discount from MSRP or 8.15%. Is that correct and is that considered a discount?

haha sorry to sound long-winded but pretty much what I want to know is if this is a solid deal or is there room for improvement

kyfdx

wheelson1 said:

So if i'm reading this correctly: total discount from MSRP is 6,515 with 1k coming from loyalty credit and 1k coming from option allowance incentive, then that means dealer is giving me 4,515 total discount from MSRP or 8.15%. Is that correct and is that considered a discount?

8% off minus incentives is pretty good for a 2017 model.

rickz

Can someone provide the MF and residuals for the 2017 x28i in Northeast Ohio for 24-39 months and 12k miles and lower. Thank you.

Michaell

rickz said:

Can someone provide the MF and residuals for the 2017 x28i in Northeast Ohio for 24-39 months and 12k miles and lower. Thank you.

.00136 and 63% for 36/12. That is the best term.

acmxc60

Hi can someone let me know if this is a good deal? A new 2017 X3 x28i with metallic paint and leather, xLine trim package, Premium Package, Tech Package, Cold Weather, and Driver Assistance, MSRP of 52,295, lease in Chicago for 2000 down and 575/month. Keeping in mind the insane Chicago taxes, which are 9.5% "sales tax" on payments PLUS 8% "use tax" on payments for a total of 17.5%.

I guess what I'm asking is, can I reverse engineer the discount on the list price assuming they are using October standard MF and RV, and see if it is a good discount?

Michaell

acmxc60 said:

Hi can someone let me know if this is a good deal? A new 2017 X3 x28i with metallic paint and leather, xLine trim package, Premium Package, Tech Package, Cold Weather, and Driver Assistance, MSRP of 52,295, lease in Chicago for 2000 down and 575/month. Keeping in mind the insane Chicago taxes, which are 9.5% "sales tax" on payments PLUS 8% "use tax" on payments for a total of 17.5%.

I guess what I'm asking is, can I reverse engineer the discount on the list price assuming they are using October standard MF and RV, and see if it is a good discount?

What lease term and how many miles per year?

What did the $2000 cover?

acmxc60

Whoops, sorry, it's 36 month 10k mi/yr. The 2000 is about $400 in registration, doc fees etc., first payment, and the rest is down payment. Everything else is wrapped into the 575/mo.

Michaell

acmxc60 said:

Whoops, sorry, it's 36 month 10k mi/yr. The 2000 is about $400 in registration, doc fees etc., first payment, and the rest is down payment. Everything else is wrapped into the 575/mo.

Assuming .00136 MF and 64% residual, along with (ouch!) the 17.5% tax rate, the cap cost works out to just over $47,000, to get a $575/mo payment.

acmxc60

Thanks, that's really helpful. That's about 10% off MSRP if my math's right... is that a pretty square deal in the opinion of people on this forum? I know I probably did this backwards and should have gotten them to the price first, but I'm kind of new to this and focused on more on the money down/monthly payment.

Michaell

acmxc60 said:

Thanks, that's really helpful. That's about 10% off MSRP if my math's right... is that a pretty square deal in the opinion of people on this forum? I know I probably did this backwards and should have gotten them to the price first, but I'm kind of new to this and focused on more on the money down/monthly payment.

I think it's a good discount for a 2017; the tax is what kills you on that deal.

(but, you'll have that bite on any lease)

acmxc60

That's my feeling too. We just can't make the math work on buying even with the "double tax" because we won't keep this car more than three years. I think we'll pull the trigger on Monday. Excited for our first bimmer!

wheelson1

Can any comment on this lease deal?
MSRP 51,645
Sale price 45,100
MF .00137
residual 64%
$499 taxes NY included

Michaell

wheelson1 said:

Can any comment on this lease deal?
MSRP 51,645
Sale price 45,100
MF .00137
residual 64%
$499 taxes NY included

How much is due at signing?

What is the adjusted cap cost, assuming you are rolling in the taxes into the lease?

And, what is the tax rate?

country_mouse

Michael,

Could you help me back into some lease numbers?

NY Dealer is offering a deal for a demo.

$489 MO lease
36 mo
10k miles
2017 BMW X3 3.0 loaded
MSRP 58,245
Cap $2,921
$4,404 due at signing

What other information do I need to evaluate this deal?

Thank you.

Michaell

country_mouse said:

Michael,

Could you help me back into some lease numbers?

NY Dealer is offering a deal for a demo.

$489 MO lease
36 mo
10k miles
2017 BMW X3 3.0 loaded
MSRP 58,245
Cap $2,921
$4,404 due at signing

What other information do I need to evaluate this deal?

Thank you.

.00136 and 64%.

What is the adjusted cap cost, and what does the $2921 cover?

country_mouse

Michaell said:

country_mouse said:

Michael,

Could you help me back into some lease numbers?

NY Dealer is offering a deal for a demo.

$489 MO lease
36 mo
10k miles
2017 BMW X3 3.0 loaded
MSRP 58,245
Cap $2,921
$4,404 due at signing

What other information do I need to evaluate this deal?

Thank you.

.00136 and 64%.

What is the adjusted cap cost, and what does the $2921 cover?

Michael, what does BMW offer for a discount on MF with one payment option?

kyfdx

country_mouse said:

Michaell said:

country_mouse said:

Michael,

Could you help me back into some lease numbers?

NY Dealer is offering a deal for a demo.

$489 MO lease
36 mo
10k miles
2017 BMW X3 3.0 loaded
MSRP 58,245
Cap $2,921
$4,404 due at signing

What other information do I need to evaluate this deal?

Thank you.

.00136 and 64%.

What is the adjusted cap cost, and what does the $2921 cover?

Michael, what does BMW offer for a discount on MF with one payment option?

BMWFS has no discount for single-pay leases, at this time.

country_mouse

Michaell said:

country_mouse said:

Michael,

Could you help me back into some lease numbers?

NY Dealer is offering a deal for a demo.

$489 MO lease
36 mo
10k miles
2017 BMW X3 3.0 loaded
MSRP 58,245
Cap $2,921
$4,404 due at signing

What other information do I need to evaluate this deal?

Thank you.

.00136 and 64%.

What is the adjusted cap cost, and what does the $2921 cover?

Thanks, Michael...

Here is more info on the NY 2017 BMW X3 3.0. Is there any wiggle room on this deal?

MSRP $58,245
Sales Price $52,900
10k miles/year
36 months
.00136 and 64%

Due at Drive off
First Payment: $489.00
+ Security: $0.00
+ Cap Red: $2,921.00
+ Tax on Cap Red: $215.42
+ Upfront Sales Tax: $1,298.30
+ Acquisition Fee: $925.00
+ DMV Fees: $290.00
+ Tire Fee: $12.50
+ Insp Fee: $10.00
+ Doc Fee: $75.00
+ Other Fees: $0.00
+ Tax on Fees: $73.75
= Cash on Delivery: $6,309.97

Michaell

country_mouse said:

Michaell said:

country_mouse said:

Michael,

Could you help me back into some lease numbers?

NY Dealer is offering a deal for a demo.

$489 MO lease
36 mo
10k miles
2017 BMW X3 3.0 loaded
MSRP 58,245
Cap $2,921
$4,404 due at signing

What other information do I need to evaluate this deal?

Thank you.

.00136 and 64%.

What is the adjusted cap cost, and what does the $2921 cover?

Thanks, Michael...

Here is more info on the NY 2017 BMW X3 3.0. Is there any wiggle room on this deal?

MSRP $58,245
Sales Price $52,900
10k miles/year
36 months
.00136 and 64%

Due at Drive off
First Payment: $489.00
+ Security: $0.00
+ Cap Red: $2,921.00
+ Tax on Cap Red: $215.42
+ Upfront Sales Tax: $1,298.30
+ Acquisition Fee: $925.00
+ DMV Fees: $290.00
+ Tire Fee: $12.50
+ Insp Fee: $10.00
+ Doc Fee: $75.00
+ Other Fees: $0.00
+ Tax on Fees: $73.75
= Cash on Delivery: $6,309.97

I'd save the $2921 cap reduction and the associated taxes on same. Your payment would go to $557/mo but your cash out of pocket drops to $3173. That cap reduction cash would be lost if the car is stolen or totaled.

Alternatively, you can use some of it to make multiple security deposits, which would lower the MF. That money you get back at the end of the lease.

country_mouse

I'd save the $2921 cap reduction and the associated taxes on same. Your payment would go to $557/mo but your cash out of pocket drops to $3173. That cap reduction cash would be lost if the car is stolen or totaled.

Alternatively, you can use some of it to make multiple security deposits, which would lower the MF. That money you get back at the end of the lease.

Michael,

Are MSDs allowed in NY? I will research but thought I read they were not allowed?

Thanks again.

Michaell

country_mouse said:

I'd save the $2921 cap reduction and the associated taxes on same. Your payment would go to $557/mo but your cash out of pocket drops to $3173. That cap reduction cash would be lost if the car is stolen or totaled.

Alternatively, you can use some of it to make multiple security deposits, which would lower the MF. That money you get back at the end of the lease.

Michael,

Are MSDs allowed in NY? I will research but thought I read they were not allowed?

Thanks again.

Ugh ... you are correct. Any chance you can get a similar deal from a dealer in either NJ or CT?

country_mouse

It's a specific car and color. My guess is the price would increase if I ordered or went elsewhere. I could put one deposit down legally and save .00007 .... what would that save me?

Michaell

country_mouse said:

It's a specific car and color. My guess is the price would increase if I ordered or went elsewhere. I could put one deposit down legally and save .00007 .... what would that save me?

Not a lot - maybe $5-7/mo.

wheelson1

Hi question about an option. Very confused by the bmw website.
If i wanted blind spot detection (that lil red triangle that shows up on mirror when there is a car there) Do i need the Driver assistance plus pkge (1,700) or would i need the driver assistance plus pkg and the ACC stop and go (1700+1,200).
I know i will also need navi and the driver assistance pkg as well.
Thanks

Michaell

wheelson1 said:

Hi question about an option. Very confused by the bmw website.
If i wanted blind spot detection (that lil red triangle that shows up on mirror when there is a car there) Do i need the Driver assistance plus pkge (1,700) or would i need the driver assistance plus pkg and the ACC stop and go (1700+1,200).
I know i will also need navi and the driver assistance pkg as well.
Thanks

We don't have any information on option packages for BMW ... suggest you use the "make / model / year" pull downs at the top of the page to link to the Edmunds price tools. There might be some better organized information there.

euphony010

What is the maximum number/amount of MSDs you can use in Virginia? What is the associated discounted MF?

Michaell

euphony010 said:

What is the maximum number/amount of MSDs you can use in Virginia? What is the associated discounted MF?

For BMW, max 7 MSDs, each of which reduce the MF .00007 (.00049 reduction total).

euphony010

Michaell said:

What is the maximum number/amount of MSDs you can use in Virginia? What is the associated discounted MF?

For BMW, max 7 MSDs, each of which reduce the MF .00007 (.00049 reduction total).

Thanks! How much is a security deposit? $500?

Michaell

euphony010 said:

Michaell said:

euphony010 said:

What is the maximum number/amount of MSDs you can use in Virginia? What is the associated discounted MF?

For BMW, max 7 MSDs, each of which reduce the MF .00007 (.00049 reduction total).

Thanks! How much is a security deposit? $500?

Each security deposit is the monthly payment, rounded up to the next $50

wheelson1

Michaell said:

wheelson1 said:

Can any comment on this lease deal?
MSRP 51,645
Sale price 45,100
MF .00137
residual 64%
$499 taxes NY included

How much is due at signing?

What is the adjusted cap cost, assuming you are rolling in the taxes into the lease?

And, what is the tax rate?

only 1st month payment due at signing.
adjust cap cost is 48,667
believe NY tax rate is 8.5% for leases

Michaell

wheelson1 said:

Michaell said:

wheelson1 said:

Can any comment on this lease deal?
MSRP 51,645
Sale price 45,100
MF .00137
residual 64%
$499 taxes NY included

How much is due at signing?

What is the adjusted cap cost, assuming you are rolling in the taxes into the lease?

And, what is the tax rate?

only 1st month payment due at signing.
adjust cap cost is 48,667
believe NY tax rate is 8.5% for leases

Hmm, if the cap cost includes your taxes, I get $545/mo.

Therefore, the $499/mo looks pretty solid, if only the first payment is due at signing.

wheelson1

Sorry let's start over here as i ran over what seems like a million quotes

This is what dealer quoted me initially
MSRP 53,345
sale price 46,645
MF .00137 residual 64%

$519 includes roughly 8.5% tax with 2,378.76 due at signing.
2,378 is
1st month 519
doc fee 399
bank fee 925
estimated dmv 329
tax 206

I then asked dealer to run a quote with everything rolled into lease and 7MSDs and comes back with:
MSRP 53,345
sale price 46,645
adjust cap cost 48,667

With these numbers I calc dep at 403 and interest at 72 for gross payment of 476
Net roughly 8.5% NY tax and I get a net payment of 517

Dealer quotes me at dep at 474 and interest at 74 for a net payment of 549

I think my calculations are correct, but just need someone to confirm.

My other question is when I roll fees into lease payments, do i just take my sale price and add doc, bank, tax on bank fees and doc fees into the adjusted cap cost (ie 46,645+399+925+206 = 48,175) Only reason I ask is that her adjusted cap cost is 48,667 for a difference of 492 (48,667-48,175). Estimated DMV fees can't be rolled into lease correct?
TIA

Michaell

wheelson1 said:

Sorry let's start over here as i ran over what seems like a million quotes

This is what dealer quoted me initially
MSRP 53,345
sale price 46,645
MF .00137 residual 64%

$519 includes roughly 8.5% tax with 2,378.76 due at signing.
2,378 is
1st month 519
doc fee 399
bank fee 925
estimated dmv 329
tax 206

I then asked dealer to run a quote with everything rolled into lease and 7MSDs and comes back with:
MSRP 53,345
sale price 46,645
adjust cap cost 48,667

With these numbers I calc dep at 403 and interest at 72 for gross payment of 476
Net roughly 8.5% NY tax and I get a net payment of 517

Dealer quotes me at dep at 474 and interest at 74 for a net payment of 549

I think my calculations are correct, but just need someone to confirm.

My other question is when I roll fees into lease payments, do i just take my sale price and add doc, bank, tax on bank fees and doc fees into the adjusted cap cost (ie 46,645+399+925+206 = 48,175) Only reason I ask is that her adjusted cap cost is 48,667 for a difference of 492 (48,667-48,175). Estimated DMV fees can't be rolled into lease correct?
TIA

A few thoughts.

First, you cannot do MSD in NY. Is this a dealer in NJ or CT?

Second, NY taxes the sum of the payments and collects the money up front. You can choose to pay the money up front at lease signing or add it to the cap cost.

Using the $53,345 MSRP and $48,667 cap cost, I get a payment of $516/mo. 64% and .00136 MF

If MSDs are in play, the MF drops to .00087 and the payment to $476/mo

Does the cap cost include tax or not?

And, have the dealer explain exactly how they arrived at their cap cost number.

wheelson1

Michaell said:

wheelson1 said:

Sorry let's start over here as i ran over what seems like a million quotes

This is what dealer quoted me initially
MSRP 53,345
sale price 46,645
MF .00137 residual 64%

$519 includes roughly 8.5% tax with 2,378.76 due at signing.
2,378 is
1st month 519
doc fee 399
bank fee 925
estimated dmv 329
tax 206

I then asked dealer to run a quote with everything rolled into lease and 7MSDs and comes back with:
MSRP 53,345
sale price 46,645
adjust cap cost 48,667

With these numbers I calc dep at 403 and interest at 72 for gross payment of 476
Net roughly 8.5% NY tax and I get a net payment of 517

Dealer quotes me at dep at 474 and interest at 74 for a net payment of 549

I think my calculations are correct, but just need someone to confirm.

My other question is when I roll fees into lease payments, do i just take my sale price and add doc, bank, tax on bank fees and doc fees into the adjusted cap cost (ie 46,645+399+925+206 = 48,175) Only reason I ask is that her adjusted cap cost is 48,667 for a difference of 492 (48,667-48,175). Estimated DMV fees can't be rolled into lease correct?
TIA

A few thoughts.

First, you cannot do MSD in NY. Is this a dealer in NJ or CT?

Second, NY taxes the sum of the payments and collects the money up front. You can choose to pay the money up front at lease signing or add it to the cap cost.

Using the $53,345 MSRP and $48,667 cap cost, I get a payment of $516/mo. 64% and .00136 MF

If MSDs are in play, the MF drops to .00087 and the payment to $476/mo

Does the cap cost include tax or not?

And, have the dealer explain exactly how they arrived at their cap cost number.

Dealer is in NJ.
Correct me if I'm wrong but depreciation is calc as ((adjusted cap cost - (MSRP*residual %)
Using her monthly depreciation number of 474, total depreciation is 474*36 = 17,064. Residual value at 34,140. That means she is using an adjusted cap cost of 51,204 correct? Which is different then the cap cost quoted at 48,667

kyfdx

wheelson1 said:

Michaell said:

wheelson1 said:

Sorry let's start over here as i ran over what seems like a million quotes

This is what dealer quoted me initially
MSRP 53,345
sale price 46,645
MF .00137 residual 64%

$519 includes roughly 8.5% tax with 2,378.76 due at signing.
2,378 is
1st month 519
doc fee 399
bank fee 925
estimated dmv 329
tax 206

I then asked dealer to run a quote with everything rolled into lease and 7MSDs and comes back with:
MSRP 53,345
sale price 46,645
adjust cap cost 48,667

With these numbers I calc dep at 403 and interest at 72 for gross payment of 476
Net roughly 8.5% NY tax and I get a net payment of 517

Dealer quotes me at dep at 474 and interest at 74 for a net payment of 549

I think my calculations are correct, but just need someone to confirm.

My other question is when I roll fees into lease payments, do i just take my sale price and add doc, bank, tax on bank fees and doc fees into the adjusted cap cost (ie 46,645+399+925+206 = 48,175) Only reason I ask is that her adjusted cap cost is 48,667 for a difference of 492 (48,667-48,175). Estimated DMV fees can't be rolled into lease correct?
TIA

A few thoughts.

First, you cannot do MSD in NY. Is this a dealer in NJ or CT?

Second, NY taxes the sum of the payments and collects the money up front. You can choose to pay the money up front at lease signing or add it to the cap cost.

Using the $53,345 MSRP and $48,667 cap cost, I get a payment of $516/mo. 64% and .00136 MF

If MSDs are in play, the MF drops to .00087 and the payment to $476/mo

Does the cap cost include tax or not?

And, have the dealer explain exactly how they arrived at their cap cost number.

Dealer is in NJ.
Correct me if I'm wrong but depreciation is calc as ((adjusted cap cost - (MSRP*residual %)
Using her monthly depreciation number of 474, total depreciation is 474*36 = 17,064. Residual value at 34,140. That means she is using an adjusted cap cost of 51,204 correct? Which is different then the cap cost quoted at 48,667

Her monthly depreciation and interest numbers are just wrong, and don't match the rest of the quote. So, you can't use those to match up to the rest of it.

spidpooy

wheelson1 said:

Hi question about an option. Very confused by the bmw website. If i wanted blind spot detection (that lil red triangle that shows up on mirror when there is a car there) Do i need the Driver assistance plus pkge (1,700) or would i need the driver assistance plus pkg and the ACC stop and go (1700+1,200). I know i will also need navi and the driver assistance pkg as well. Thanks

I think Driver assistance Plus only. The ACC adds front end radar system. 

chowfang

Can anyone help to get money factor and residual for x3 in Minnesota? Also, any offer or rebate for this month? Thanks.

chowfang

The website gives "Lease financing available on new 2016 BMW X3 xDrive28i from participating BMW centers on leases assigned to BMW Financial Services through October 31, 2016. Monthly lease payments of $409.00 for 36 months based on MSRP of $41,945.00. $4,334.00 cash due at signing is based on $3,000.00 down payment, $409.00 first month payment, $925.00 acquisition fee, and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing." It seems to me it gives 64% residue and 0.00111 MF without MSD. Is that right? This is for 3yr/10k.

chowfang

Refine my question to what's the MF and residue for X3 xDrive in Minnesota for 3yr/12k lease? Thanks.

Michaell

chowfang said:

Refine my question to what's the MF and residue for X3 xDrive in Minnesota for 3yr/12k lease? Thanks.

.00136 and 63%. $1000 option allowance.

bmkj

Can you tell me what the changes are for the X3 Xdrive28i lease program and incentives for November?
Specifically looking at 36mo 10K which was 64% residual, .00136MF and $1,000 option credit in October.

Thank You

Michaell

bmkj said:

Can you tell me what the changes are for the X3 Xdrive28i lease program and incentives for November?
Specifically looking at 36mo 10K which was 64% residual, .00136MF and $1,000 option credit in October.

Thank You

.00134 and 64%. No option credit this month.

bmkj

So all else equal, the X3 got lease got $27 more expensive in November due to the lack of incentives?
Do dealers have any other way to make that up or are they resigned to possibly lower sales due to lack of incentives?

kyfdx

bmkj said:

So all else equal, the X3 got lease got $27 more expensive in November due to the lack of incentives?
Do dealers have any other way to make that up or are they resigned to possibly lower sales due to lack of incentives?

Don't see any other incentives. They must have had a good month in October.

exp2024

what's the residual and money factor for x3 3.5 36/10k