2017 BMW X3 Lease Question

snowflakes1204

I currently have an offer from a dealer for a 2017 X3 . Is this a good deal ?


MSRP 49595 ( includes 995 destination charge)

Sale price 43805

Returning Customer Discounts - $1000
Corporate Fleet Discount - $ 1000

Current lease offer.
Out of pocket
$390 - 1st month's payment
$1152 - NJ taxes (sales tax, tire tax, tax on fee, etc.)
$323 - estimated motor vehicle fee
$398 - document fee
Total : $ 2300
Lease Acquisition Fee of 925 rolled into the lease payment

Monthly Payment : $390/ month

Car configuration.

17XD X3 xDr28i USD 41,250.00
300 Alpine White N/C
LUBI Sand Beige/Black Nevada Leather N/C
ZCW Cold Weather Package 950.00
248 Heated Steering Wheel N/C
494 Heated front seats N/C
496 Heated rear seats N/C
502 Retractable headlight washers N/C
ZDA Driver Assistance Package 950.00
3AG Rear view camera N/C
508 Park Distance Control N/C
ZPP Premium Package 3,200.00
322 Comfort Access keyless entry N/C
402 Panoramic moonroof N/C
488 Lumbar support N/C
655 SiriusXM Satellite Radio with 1 year AllAcc... N/C
1CA CO2 relevant vehicles N/C
1CC Automatic Start/Stop function N/C
1CD Brake Energy Regeneration N/C
216 Servotronic N/C
249 Multifunction steering wheel N/C
255 Sport leather steering wheel N/C
2VB Tire pressure monitor N/C
302 Alarm System N/C
316 Power tailgate N/C
319 Universal garage-door opener N/C
3AT Roof rails in Satin Aluminum N/C
420 Privacy glass N/C
423 Floor mats N/C
430 Auto-dimming interior and driver exterior mirro... N/C
431 Auto-dimming rearview mirror N/C
459 Power Front Seats N/C
465 Split fold-down-rear seat N/C
493 Storage package N/C
4FW Burl Walnut Wood Trim with Pearl Gloss Chrome h... N/C
4NG Black high gloss instrument panel N/C
534 Automatic climate control N/C
544 Dynamic Cruise Control N/C
563 Ambient Lighting N/C
5A1 LED Fog Lights N/C
609 Navigation system 1,950.00
676 Hi-fi sound system N/C
697 DVD Area coding (North America) N/C
6AC BMW Assist eCall N/C
6AE BMW TeleServices N/C
6AK BMW Online and BMW Apps N/C
6AM Advanced Real-Time Traffic Information N/C
6AP Remote Services N/C
6CP Apple CarPlay Compatibility 300.00
6NP Enhanced USB and Bluetooth N/C
8KL Oil Chg 10,000 mls/12 months N/C
8TN Daytime driving lights N/C
9AA Transport protection N/C
ZAC BMW Connected App Compatibility N/C
ZTM Tier 2 N/C
Net Total 48,600.00
Destination Charge 995.00
Total Suggested Price 49,595.00

kyfdx

@browneyezz What term and mileage allowance?

snowflakes1204

36months/10K

snowflakes1204

It is now negotiated to 1921 out of pocket and 379 per month for MSRP 49595 36/10k. Take it or not ?

kyfdx

browneyezz said:

It is now negotiated to 1921 out of pocket and 379 per month for MSRP 49595 36/10k. Take it or not ?

Looks cheap, I'd grab it.

snowflakes1204

Yes,looks cheap, but I have the Returning Customer and Corporate fleet discounts of $2000
Thanks for the response

chaun68

That does seem low and I have a corporate discount too, but no returning customer discount. can I ask where you are located? (what city/state)? I am in Chicago suburbs and my quotes seem a lot higher. Please let me know. thanks!

NewcastleWonder

Picked up my 2017 BMW X3 28i a couple of days ago (Seattle, WA). I really appreciate all the information that I got here and thanks to all of you for sharing your buying experience and information! Happy new year!

Lease term 36 mo/ 10k
MF: 0.00065
RV: 64%
MSRP: $54,320
Dealer installed options: $310
Selling price: $50,000
Acquisition fee (rolled into monthly payment): $925
Monthly payment: $550
7MSDs: $3,850
Document fee: $150
Title/license fee: $250
Down payment: $150 (used to drive down monthly below $550 to reduce my upfront MSD payment) / tax on down payment: $14.70
Tax rate: 9.8%

Not really the best deal but I am happy with the experience at the dealership.

Michaell

NewcastleWonder said:

Picked up my 2017 BMW X3 28i a couple of days ago (Seattle, WA). I really appreciate all the information that I got here and thanks to all of you for sharing your buying experience and information! Happy new year!

Lease term 36 mo/ 10k
MF: 0.00065
RV: 64%
MSRP: $54,320
Dealer installed options: $310
Selling price: $50,000
Acquisition fee (rolled into monthly payment): $925
Monthly payment: $550
7MSDs: $3,850
Document fee: $150
Title/license fee: $250
Down payment: $150 (used to drive down monthly below $550 to reduce my upfront MSD payment) / tax on down payment: $14.70
Tax rate: 9.8%

Not really the best deal but I am happy with the experience at the dealership.

Congrats!

snowflakes1204

chaun68 said:

That does seem low and I have a corporate discount too, but no returning customer discount. can I ask where you are located? (what city/state)? I am in Chicago suburbs and my quotes seem a lot higher. Please let me know. thanks!

I live in NJ. Shopped around through mails with a couple of dealers for 2 days. Went with the one who gave me the lowest quote. Thanks !

patrickbmwsux

Hi...what is the residual value and money factor for 2017 X3 17XD x Drive 28i? 15k miles.

Trading in a 2015 x3 that is like 7k over miles...getting a quote of 683 a month, no money down in Schaumburg, IL. giving me 22k for trade in of it. Quote me at Money factor .00180 residual 61% cap cost $48,864

thank you.

Michaell

patrickbmwsux said:

Hi...what is the residual value and money factor for 2017 X3 17XD x Drive 28i? 15k miles.

Trading in a 2015 x3 that is like 7k over miles...getting a quote of 683 a month, no money down in Schaumburg, IL. giving me 22k for trade in of it. Quote me at Money factor .00180 residual 61% cap cost $48,864

thank you.

.00140 and 61%

MF is marked up the max allowed.

What is the MSRP?

What is the payoff of the 2015, if you are trading it in?

If you are simply turning in your lease, you'll owe $1750 (7000 miles @ .25/mile) - that amount, I believe, can be rolled into the cap cost of your new lease.

patrickbmwsux

Michaell said:

patrickbmwsux said:

Hi...what is the residual value and money factor for 2017 X3 17XD x Drive 28i? 15k miles.

Trading in a 2015 x3 that is like 7k over miles...getting a quote of 683 a month, no money down in Schaumburg, IL. giving me 22k for trade in of it. Quote me at Money factor .00180 residual 61% cap cost $48,864

thank you.

.00140 and 61%

MF is marked up the max allowed.

What is the MSRP?

What is the payoff of the 2015, if you are trading it in?

If you are simply turning in your lease, you'll owe $1750 (7000 miles @ .25/mile) - that amount, I believe, can be rolled into the cap cost of your new lease.

Payoff is 22k. We are 3 months from end of lease. MSRP is about 52k. The payment of 687 a month has the 7k miles rolled in to it.

Michaell

patrickbmwsux said:

Michaell said:

patrickbmwsux said:

Hi...what is the residual value and money factor for 2017 X3 17XD x Drive 28i? 15k miles.

Trading in a 2015 x3 that is like 7k over miles...getting a quote of 683 a month, no money down in Schaumburg, IL. giving me 22k for trade in of it. Quote me at Money factor .00180 residual 61% cap cost $48,864

thank you.

.00140 and 61%

MF is marked up the max allowed.

What is the MSRP?

What is the payoff of the 2015, if you are trading it in?

If you are simply turning in your lease, you'll owe $1750 (7000 miles @ .25/mile) - that amount, I believe, can be rolled into the cap cost of your new lease.

Payoff is 22k. We are 3 months from end of lease. MSRP is about 52k. The payment of 687 a month has the 7k miles rolled in to it.

So is the dealer taking it in trade? If so, there doesn't seem to be any positive or negative equity, which works in your favor. But, if the miles are being rolled into the new payment, that suggests that they are buying the lease out.

I'd suggest getting clarity from the dealer on this.

johntucker604

What is MF / residual on both a 2017 X3 xDrive 28i /35i SAV for 36/10 and 36/12?

Thanks

Michaell

johntucker604 said:

What is MF / residual on both a 2017 X3 xDrive 28i /35i SAV for 36/10 and 36/12?

Thanks

.00151 and 64% / 63%

rogerbrown

Do you guys have September numbers for 2017 X3 xDrive 28i 36/10 for Chicago, IL area? Thanks

Michaell

rogerbrown said:

Do you guys have September numbers for 2017 X3 xDrive 28i 36/10 for Chicago, IL area? Thanks

.00152 and 64%

ranjans

How does this deal look like ? I am kinda sure they have the MF marked up, but the discount seems ok. What are your thoughts ?
thanks

kyfdx

ranjans said:

How does this deal look like ? I am kinda sure they have the MF marked up, but the discount seems ok. What are your thoughts ?
thanks

Yeah.. .I only get $467/mo.+tax with those numbers, using the base money factor
Looks like $30/mo. extra for a money factor bump.