2017 BMW X3 Lease Deals and Prices

Michaell

exp2024 said:

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

.00134 and 64%

gouthamk

Please post the residuals and money factor for x28i, 36/12k for November.

Michaell

gouthamk said:

Please post the residuals and money factor for x28i, 36/12k for November.

.00134 and 63%

richneedsaleas

Just offered the below on a demo with 5k miles on it in Tri State area:

$479/mo including taxes on a $50K MSRP. Total Due at drive off - $1329.00 36 month low miles lease

Michaell

richneedsaleas said:

Just offered the below on a demo with 5k miles on it in Tri State area:

$479/mo including taxes on a $50K MSRP. Total Due at drive off - $1329.00 36 month low miles lease

What lease term and how many miles per year?

What is the adjusted cap cost?

State and tax rate?

gouthamk

Hi,

I am looking at BMW X3 X28i with xdrive. for 36m/12k lease
The packaing has
Xline package
premium package
driver assistance package
heated front seats
Navigation system
panoramic roof



residual at 63% and MF .00134. Is this a little higher?

can i add MSDs in North carolina state for lowering money factor??
how many can i pay? by what factor does the MF come down for each MSD?

kyfdx

gouthamk said:

Hi,

I am looking at BMW X3 X28i with xdrive. for 36m/12k lease
The packaing has
Xline package
premium package
driver assistance package
heated front seats
Navigation system
panoramic roof



residual at 63% and MF .00134. Is this a little higher?

can i add MSDs in North carolina state for lowering money factor??
how many can i pay? by what factor does the MF come down for each MSD?

That attachment is a Mercedes quote

gouthamk

kyfdx said:

gouthamk said:

Hi,

I am looking at BMW X3 X28i with xdrive. for 36m/12k lease
The packaing has
Xline package
premium package
driver assistance package
heated front seats
Navigation system
panoramic roof



residual at 63% and MF .00134. Is this a little higher?

can i add MSDs in North carolina state for lowering money factor??
how many can i pay? by what factor does the MF come down for each MSD?

That attachment is a Mercedes quote

Hi Sorry, please see the new below.

Michaell

gouthamk said:

kyfdx said:

gouthamk said:

Hi,

I am looking at BMW X3 X28i with xdrive. for 36m/12k lease
The packaing has
Xline package
premium package
driver assistance package
heated front seats
Navigation system
panoramic roof



residual at 63% and MF .00134. Is this a little higher?

can i add MSDs in North carolina state for lowering money factor??
how many can i pay? by what factor does the MF come down for each MSD?

That attachment is a Mercedes quote

Hi Sorry, please see the new below.

Same questions as with your MB quote:

What state is this?

What is the adjusted cap cost?

Don't see any reference to tax or acquisition fee.

gouthamk

Michaell said:

gouthamk said:

kyfdx said:

gouthamk said:

Hi,

I am looking at BMW X3 X28i with xdrive. for 36m/12k lease
The packaing has
Xline package
premium package
driver assistance package
heated front seats
Navigation system
panoramic roof



residual at 63% and MF .00134. Is this a little higher?

can i add MSDs in North carolina state for lowering money factor??
how many can i pay? by what factor does the MF come down for each MSD?

That attachment is a Mercedes quote

Hi Sorry, please see the new below.

Same questions as with your MB quote:

What state is this?

What is the adjusted cap cost?

Don't see any reference to tax or acquisition fee.

MSRP is 49045
discount is 4975
Adjusted cap cost is MSRP-Discounts right?
This is North carolina state
the dealer does-not have the car in the lot, car is configured online.

Would these details help?

Michaell

gouthamk said:

Michaell said:

gouthamk said:

kyfdx said:

gouthamk said:

Hi,

I am looking at BMW X3 X28i with xdrive. for 36m/12k lease
The packaing has
Xline package
premium package
driver assistance package
heated front seats
Navigation system
panoramic roof



residual at 63% and MF .00134. Is this a little higher?

can i add MSDs in North carolina state for lowering money factor??
how many can i pay? by what factor does the MF come down for each MSD?

That attachment is a Mercedes quote

Hi Sorry, please see the new below.

Same questions as with your MB quote:

What state is this?

What is the adjusted cap cost?

Don't see any reference to tax or acquisition fee.

MSRP is 49045
discount is 4975
Adjusted cap cost is MSRP-Discounts right?
This is North carolina state
the dealer does-not have the car in the lot, car is configured online.

Would these details help?

Adjusted cap is the negotiated price (MSRP less discounts) plus any taxes and fees you aren't paying up front.

anupoju

Hello everyone, I am in a bizarre situation. On Nov 2nd, I signed the paperwork on 2017 X3 xDrive28i for lease. And I picked up the car on Nov 7th since it was a good day per religious calendar. I noticed that the odometer miles said 79mi and my paperwork said 12mi. I immediately went back inside and told the sales rep and he said he will talk to the finance manager the next day and have the miles corrected on the paperwork. Here comes the interesting part: This evening I was trying to setup apple carplay and noticed that the option is unavailable. So, I compared the VIN of the car with the VIN on paperwork and you guessed right - they are different. I went to the dealer website and searched both VINs and the one I have with me still says as available for purchase and the car I was supposed to get is removed from their inventory.

I felt the customer service was horrible even on the day of purchase. This is the first time I am leasing and was not sure if I got a decent deal or got ripped off. I did some basic research on the lease keywords before purchasing and ultimately this is the deal I got:

36 mo.
12,000 mi/yr.
MSRP: $53,245
Sales Price: $47,329.08
Acquisition Fee: $925
Public Official Fees: $162.25
Dealer Documentary Fee: $150
Negative Trade Equity: $1502.45 (Loan Payoff Amt: $26,332.45 vs Trade-in Amt: $24,830)
6.25% **Texas** Upfront Sales Tax: $1406.19 (6.25% on Sales Price (-) 6.25% on Trade-in Amt)
Residual Value: 63% ($33,544.35)
Money Factor: 0.00174 (4.18% APR)

1st month payment $1000, next 35 monthly payments are $635.84. Total cost at the end of lease $23,254.40

From other posts I noticed that the MF is 0.00134. Am I right? Because, the manager said to me that 0.00174 is the MF from BMW for customers with excellent credit. And some people got sales price in mid $46k and mostly the monthly payments are in sub $500. Did I get ripped off on my car lease? I have 800+ credit score and seems like they didn't give me the lowest MF. They also didn't tell me about MSD to lower my monthly payments.

What are my options now? Is it too late to negotiate the monthly payments on the car that I was supposed to get? Or can I call off the deal since they gave me the wrong car and also lied on the MF?

Thanks all in advance!

kyfdx

You can't renegotiate a deal, after it's done.
You also can't call any negotiated deal a "rip-off", if you agree to it.
Dealers are also under no obligation to help you save money. In fact, in a negotiation, you have to recognize that you are on opposite sides.
The money factor is marked up from the base amount. That's typical for BMW dealers.

But, if you got the wrong car, take it back immediately.

mlevine

anupoju
I agree with the above comments. When leasing you need to have the correct mileage and correct VIN number. You were given the wrong car. You also will have the wrong VIN on your registration and this may become a problem at some time. Do not drive the car except to the dealer and get the correct car. Speak directly to the manager. You paid for a car that appears to have more features than the one you got. I would also check to see if other options are also missing. Good luck.

dabklyndoorman

Do you think there will be any incentives in December on the X3 x28? My dealer said he expects a $1,000 holiday cash credit. I am hoping for $1,500 or $2,000. Too optimistic?

Also will the current November 36/10k residual change from 64%?

Will the $1,000 loyalty credit continue into December?

kyfdx

dabklyndoorman said:

Do you think there will be any incentives in December on the X3 x28? My dealer said he expects a $1,000 holiday cash credit. I am hoping for $1,500 or $2,000. Too optimistic?

Also will the current November 36/10k residual change from 64%?

Will the $1,000 loyalty credit continue into December?

No info on future incentives.

Residual will likely not change.

vkeeney

I currently have a lease on a 2014 x3 28i that is up 12/23/2016. I called BMW and was given the option to extend the lease for 3 months. 2 sets of questions:1- are lease incentives (historically) better Nov/Dec or March? 2-If I get a new lease now for 2017 x3 28i, what are the current incentives, the money factor (does it vary by state - in Maryland), and what is the residual? The dealer is giving me numbers straight off the bmwusa website - it appears I am receiving NO discount!! Any guidance would be much appreciated. Thank you!

Michaell

vkeeney said:

I currently have a lease on a 2014 x3 28i that is up 12/23/2016. I called BMW and was given the option to extend the lease for 3 months. 2 sets of questions:1- are lease incentives (historically) better Nov/Dec or March? 2-If I get a new lease now for 2017 x3 28i, what are the current incentives, the money factor (does it vary by state - in Maryland), and what is the residual? The dealer is giving me numbers straight off the bmwusa website - it appears I am receiving NO discount!! Any guidance would be much appreciated. Thank you!

.00134 and 61% for 36/12
7% off sticker before incentives is a good BMW discount
No guesses as to what the numbers will look like next spring.

vkeeney

I forgot to include my lease terms in my posting - I will be leasing for 36 months/10,000 miles a year...how does that affect the data? I live in Maryland - are the sales taxes added to the Gross Capitalized Cost, or calculated into the monthly payment? Also, what are the current incentives other than the $1,000 I have seen online? Thanks again for the information!!

kyfdx

vkeeney said:

I forgot to include my lease terms in my posting - I will be leasing for 36 months/10,000 miles a year...how does that affect the data? I live in Maryland - are the sales taxes added to the Gross Capitalized Cost, or calculated into the monthly payment? Also, what are the current incentives other than the $1,000 I have seen online? Thanks again for the information!!

Add 1% to go from 12K/yr to 10K/yr.

Maryland taxes the full selling price, and collects it upfront. So, you'd have to add it to the Gross CAP.
Haven't seen the $1000 you refer to.

The 2017 X3 lease isn't anything special now. If your current payment is low, and you won't be going out of warranty, I'd keep it for three more months, and see what happens.

krwoibnvts

MF and Residual for 24 months at 10k miles?

kyfdx

krwoibnvts said:

MF and Residual for 24 months at 10k miles?

.00134 MF and 70% residual

vkeeney

Does anyone know where the interest rate/money number comes from? The number in this post is .00134/3.2%, yet the dealer quoted me .00154/3.69%. Without knowing where the number in this post came from I can't argue the point that his rate is too high....

Michaell

vkeeney said:

Does anyone know where the interest rate/money number comes from? The number in this post is .00134/3.2%, yet the dealer quoted me .00154/3.69%. Without knowing where the number in this post came from I can't argue the point that his rate is too high....

The source of the data is confidential, but you can trust that we're giving you the right data.

You don't argue the number; you politely tell the dealer you won't sign a deal with a marked up MF. They know what the base rate is. If they continue to balk, it may be time to move on to another dealers. Only takes one to meet your numbers.

richneedsaleas

OK, time to pay it forward:

2017 X3 xDrive MSRP 55K
.00134 MF CAP Cost 47500. $495/mo + Sales Taxes x 36 months 10k mi/yr
$999 total due at signing.

kyfdx

richneedsaleas said:

OK, time to pay it forward:

2017 X3 xDrive MSRP 55K
.00134 MF CAP Cost 47500. $495/mo + Sales Taxes x 36 months 10k mi/yr
$999 total due at signing.

Nice.. Congrats!

ankurg

Does BMW have one-pay lease? if yes what is the money factor in that case? for 2017 X3 xDrive 28i, 12K/36 months in NJ. and residual for November?
thanks

vkeeney

In response to:
OK, time to pay it forward:

2017 X3 xDrive MSRP 55K
.00134 MF CAP Cost 47500. $495/mo + Sales Taxes x 36 months 10k mi/yr
$999 total due at signing.

Please..help me!! This is the first lease I have negotiated - the first time I was clueless...trying to make a more educated deal this time but I'm nowhere near your numbers - I am in Maryland with 6% tax paid up front - please tell me the steps to accomplish such a great deal. I've worked the numbers as best I can before going back to the dealer with my rebuttal to his deal (pretty much what is offered on the BMW website), but I'm still near $600 with $1200 down with my numbers - not even close to your numbers. Please educate me!!

Michaell

ankurg said:

Does BMW have one-pay lease? if yes what is the money factor in that case? for 2017 X3 xDrive 28i, 12K/36 months in NJ. and residual for November?
thanks

.00134 and 61%

.00030 reduction in MF for one-pay.

Michaell

vkeeney said:

In response to:
OK, time to pay it forward:

2017 X3 xDrive MSRP 55K
.00134 MF CAP Cost 47500. $495/mo + Sales Taxes x 36 months 10k mi/yr
$999 total due at signing.

Please..help me!! This is the first lease I have negotiated - the first time I was clueless...trying to make a more educated deal this time but I'm nowhere near your numbers - I am in Maryland with 6% tax paid up front - please tell me the steps to accomplish such a great deal. I've worked the numbers as best I can before going back to the dealer with my rebuttal to his deal (pretty much what is offered on the BMW website), but I'm still near $600 with $1200 down with my numbers - not even close to your numbers. Please educate me!!

The difference in tax calculations alone will make your lease more expensive. Most states tax the monthly payment; MD is one of a handful of states that tax the entire selling price.

If you have the MSRP and negotiated price of your deal, we can try to work the numbers.

Also, get a breakdown of the $1200 due up front - probably not enough to cover all the drive off costs, so the balance is being added into the lease payment as well.

vkeeney

can i upload the sheet the dealer gave me with the retail price and the rebates/taxes/fees, etc?

kyfdx

vkeeney said:

can i upload the sheet the dealer gave me with the retail price and the rebates/taxes/fees, etc?

You can scan it, and post it just like any other picture, here in the forums.
Click on the file picture at the top of the post box.

vkeeney

I have uploaded the features list and the page the quote they sent us. I want to add that this vehicle has 19" wheels rather than the standard 18" - I guess the car was ordered for someone and they decided against it - I do know they are getting the vehicle from another dealer - they wont tell me where or give me the vin number. They also told me the interest rate is 3.69% (higher than the MF according to previous posts).

Michaell

vkeeney said:

I have uploaded the features list and the page the quote they sent us. I want to add that this vehicle has 19" wheels rather than the standard 18" - I guess the car was ordered for someone and they decided against it - I do know they are getting the vehicle from another dealer - they wont tell me where or give me the vin number. They also told me the interest rate is 3.69% (higher than the MF according to previous posts).

For 36/10 -
Using a MF of .00174, I get a payment of $625/mo. With the base MF, the payment drops to $590/mo.

Not sure how the dealer is getting to $635

vkeeney

The residual and depreciation are not shown in the worksheet so I dont know the numbers they (or you) used in the worksheet - and with that in mind, what steps are used to calculate the dealer's and your numbers? The $590 you quote - is that with $0 cash down?

Michaell

vkeeney said:

The residual and depreciation are not shown in the worksheet so I dont know the numbers they (or you) used in the worksheet - and with that in mind, what steps are used to calculate the dealer's and your numbers? The $590 you quote - is that with $0 cash down?

64% for 36/10 and .00134 base MF.

I just used the numbers you've provided. I don't see the $925 acquisition fee mentioned anywhere.

vkeeney

The $995 is the difference between the net total and the total suggested price - its missing the number but the difference between the two is $995. The taxes should be 6% but I couldnt find any combination of numbers that the tax total is 6% of - I asked the dealer to recheck that figure. Is your figure of $590 with $0 down (other than first month's payment)?

Michaell

vkeeney said:

The $995 is the difference between the net total and the total suggested price - its missing the number but the difference between the two is $995. The taxes should be 6% but I couldnt find any combination of numbers that the tax total is 6% of - I asked the dealer to recheck that figure. Is your figure of $590 with $0 down (other than first month's payment)?

The $590 is assuming $0 down, yes.

vkeeney

can you tell me how the taxes are figured into the equation since they have to be paid in full - are they factored into the payment somehow? All the information I've found online showing how the calculations work use as examples states that only charge the portion of the tax according the term of the lease and its figured into the payment each month. I want to figure out how much down we have to have to get my payment to $560/month and want to understand the formula. BTW - thank you very much for sharing your knowlege and insight!!

Michaell

vkeeney said:

can you tell me how the taxes are figured into the equation since they have to be paid in full - are they factored into the payment somehow? All the information I've found online showing how the calculations work use as examples states that only charge the portion of the tax according the term of the lease and its figured into the payment each month. I want to figure out how much down we have to have to get my payment to $560/month and want to understand the formula. BTW - thank you very much for sharing your knowlege and insight!!

You can choose to pay the taxes up front when you sign the paperwork or they can be added to the negotiated selling price and be part of the monthly payment.

autozip

Is this a fair price for 2017 x3 drive 28i ?

lease @ 359 /month
deposit 2450
tax, regirstration, first month, acquisition fee etc... 3K
it has moonroof, heated front seats, nav, driver assistance package, premium package.
MSRP 46,900, 3K of credits to bring down the MSRP.

Please advise! This is an amazing forum with lot of insights!!! thank you in advance.

Michaell

autozip said:

Is this a fair price for 2017 x3 drive 28i ?

lease @ 359 /month
deposit 2450
tax, regirstration, first month, acquisition fee etc... 3K
it has moonroof, heated front seats, nav, driver assistance package, premium package.
MSRP 46,900, 3K of credits to bring down the MSRP.

Please advise! This is an amazing forum with lot of insights!!! thank you in advance.

What is the selling price?

What lease term and how many miles per year?

autozip

Selling price is 30k, 3 yr 10k is lease.

Michaell said:

autozip said:

Is this a fair price for 2017 x3 drive 28i ?

lease @ 359 /month
deposit 2450
tax, regirstration, first month, acquisition fee etc... 3K
it has moonroof, heated front seats, nav, driver assistance package, premium package.
MSRP 46,900, 3K of credits to bring down the MSRP.

Please advise! This is an amazing forum with lot of insights!!! thank you in advance.

What is the selling price?

What lease term and how many miles per year?

Michaell

autozip said:

Selling price is 30k, 3 yr 10k is lease.

Michaell said:

autozip said:

Is this a fair price for 2017 x3 drive 28i ?

lease @ 359 /month
deposit 2450
tax, regirstration, first month, acquisition fee etc... 3K
it has moonroof, heated front seats, nav, driver assistance package, premium package.
MSRP 46,900, 3K of credits to bring down the MSRP.

Please advise! This is an amazing forum with lot of insights!!! thank you in advance.

What is the selling price?

What lease term and how many miles per year?

.00134 and 64% for 36/10.

How are you getting $17,000 off the sticker price?

autozip

Hi Michael not sure what you mean by ' 17,000 off of sticker price' - where did that number come from? So are these numbers looking good or bad?

Michaell said:

autozip said:

Selling price is 30k, 3 yr 10k is lease.

Michaell said:

autozip said:

Is this a fair price for 2017 x3 drive 28i ?

lease @ 359 /month
deposit 2450
tax, regirstration, first month, acquisition fee etc... 3K
it has moonroof, heated front seats, nav, driver assistance package, premium package.
MSRP 46,900, 3K of credits to bring down the MSRP.

Please advise! This is an amazing forum with lot of insights!!! thank you in advance.

What is the selling price?

What lease term and how many miles per year?

.00134 and 64% for 36/10.

How are you getting $17,000 off the sticker price?

Michaell

autozip said:

Hi Michael not sure what you mean by ' 17,000 off of sticker price' - where did that number come from? So are these numbers looking good or bad?

Michaell said:

autozip said:

Selling price is 30k, 3 yr 10k is lease.

Michaell said:

autozip said:

Is this a fair price for 2017 x3 drive 28i ?

lease @ 359 /month
deposit 2450
tax, regirstration, first month, acquisition fee etc... 3K
it has moonroof, heated front seats, nav, driver assistance package, premium package.
MSRP 46,900, 3K of credits to bring down the MSRP.

Please advise! This is an amazing forum with lot of insights!!! thank you in advance.

What is the selling price?

What lease term and how many miles per year?

.00134 and 64% for 36/10.

How are you getting $17,000 off the sticker price?

I asked you for the selling price and you responded $30k.

autozip

My bad i gave you the residual value...selling price is around 43k

Michaell said:

autozip said:

Hi Michael not sure what you mean by ' 17,000 off of sticker price' - where did that number come from? So are these numbers looking good or bad?

Michaell said:

autozip said:

Selling price is 30k, 3 yr 10k is lease.

Michaell said:

autozip said:

Is this a fair price for 2017 x3 drive 28i ?

lease @ 359 /month
deposit 2450
tax, regirstration, first month, acquisition fee etc... 3K
it has moonroof, heated front seats, nav, driver assistance package, premium package.
MSRP 46,900, 3K of credits to bring down the MSRP.

Please advise! This is an amazing forum with lot of insights!!! thank you in advance.

What is the selling price?

What lease term and how many miles per year?

.00134 and 64% for 36/10.

How are you getting $17,000 off the sticker price?

I asked you for the selling price and you responded $30k.

refrunner1

MF and Residual please on a 2017 X3 s drive28i 3 years 36,000 miles please in South Florida.

kyfdx

refrunner1 said:

MF and Residual please on a 2017 X3 s drive28i 3 years 36,000 miles please in South Florida.

.00134 MF and 63% residual

Michaell

autozip said:

My bad i gave you the residual value...selling price is around 43k

Michaell said:

autozip said:

Hi Michael not sure what you mean by ' 17,000 off of sticker price' - where did that number come from? So are these numbers looking good or bad?

Michaell said:

autozip said:

Selling price is 30k, 3 yr 10k is lease.

Michaell said:

autozip said:

Is this a fair price for 2017 x3 drive 28i ?

lease @ 359 /month
deposit 2450
tax, regirstration, first month, acquisition fee etc... 3K
it has moonroof, heated front seats, nav, driver assistance package, premium package.
MSRP 46,900, 3K of credits to bring down the MSRP.

Please advise! This is an amazing forum with lot of insights!!! thank you in advance.

What is the selling price?

What lease term and how many miles per year?

.00134 and 64% for 36/10.

How are you getting $17,000 off the sticker price?

I asked you for the selling price and you responded $30k.

I get $423/mo plus tax with those prices, assuming the MF was reduced to .00085.