2024 BMW X3 Lease Deals, Incentives, Rebates, and Prices

kyfdx

fredoram said:

Good evening,

Can I please get the MF and RV along with any rebates or incentives on a 2024 BMW X3 xDrive30i

Looking at 36/10k or 24/10k

zip code: 11435

Thank you!

.00180 MF
60%/56% residual

$1000 lease credit

Tatyana1234

Hello, do you think this is a good deal? 2024 BMW X3 service loaner with 12800 miles on it. $0 down, 0 due at signing. BMW loyalty. 36/10k 517 + tax. I’m getting 0.00211 mf. MSRP 51,599 sale price 39,449. What should we negotiate down to? Thank you. Residual 25,858. Current rebates( including loyalty) 2500. $1105 on cap reduction and the rest towards drive - offs. I believe mf should be at 0.00180. I’m not sure if they would do this mf or if I’m structuring it correctly but I’m getting 453 + tax. 92027 zip code. Thank you!

Tatyana1234

I’m looking for feedback on a potential lease deal for a 2024 BMW X3 service loaner with 12,800 miles on it. Here are the details:
• Term / Mileage: 36 months / 10,000 miles per year
• MSRP: $51,599
• Sale Price: $39,449
• Rebates (including loyalty): $2,500 total
• $1,105 applied toward cap cost reduction
• Remaining $1,395 applied toward drive-offs (tax, registration, first payment, etc.)
• Residual: $25,858
• Money Factor (MF): quoted at 0.00211 (I believe it should be closer to 0.00180)
• Monthly Payment: $517 + tax (0 down / $0 due at signing)
• Location: 92027

I’m wondering:
1. Is this a good deal?
2. How low should I realistically negotiate the sale price?
3. Would they be likely to approve an MF of 0.00180?
4. I calculated the payment at 0.00180 MF to be around $453 + tax — am I structuring this correctly?

Thanks in advance for any advice or insight!

Michaell

Tatyana1234 said:

I’m looking for feedback on a potential lease deal for a 2024 BMW X3 service loaner with 12,800 miles on it. Here are the details:

• Term / Mileage: 36 months / 10,000 miles per year

• MSRP: $51,599

• Sale Price: $39,449

• Rebates (including loyalty): $2,500 total

• $1,105 applied toward cap cost reduction

• Remaining $1,395 applied toward drive-offs (tax, registration, first payment, etc.)

• Residual: $25,858

• Money Factor (MF): quoted at 0.00211 (I believe it should be closer to 0.00180)

• Monthly Payment: $517 + tax (0 down / $0 due at signing)

• Location: 92027

I’m wondering:

1. Is this a good deal?

2. How low should I realistically negotiate the sale price?

3. Would they be likely to approve an MF of 0.00180?

4. I calculated the payment at 0.00180 MF to be around $453 + tax — am I structuring this correctly?

Thanks in advance for any advice or insight!

.00180 MF and 56% residual, plus $1000 lease credit, but we don't know how the existing miles will impact those numbers.

To get your pre-tax payment, assuming the $39K number is the adjusted cap cost, the residual would be close to 50.11%. Reducing the MF to the base rate of .00180, the pre-tax payment would drop to $495/mo plus tax.

I don't know what's possible regarding the price, but 20% off MSRP seems to be pretty good. You can try to use the Price Checker link to get Edmunds research on the issue.

I'd compare this to a quote on a new unit, and see how much you save on the demo unit.

Can't hurt to try and negotiate the MF to .00180, but again, I don't know if it's marked up due to dealer greed or to the existing miles changing the lease program.

kyfdx

Tatyana1234 said:

Hello, do you think this is a good deal? 2024 BMW X3 service loaner with 12800 miles on it. $0 down, 0 due at signing. BMW loyalty. 36/10k 517 + tax. I’m getting 0.00211 mf. MSRP 51,599 sale price 39,449. What should we negotiate down to? Thank you. Residual 25,858. Current rebates( including loyalty) 2500. $1105 on cap reduction and the rest towards drive - offs. I believe mf should be at 0.00180. I’m not sure if they would do this mf or if I’m structuring it correctly but I’m getting 453 + tax. 92027 zip code. Thank you!

$517/mo+tax seems pretty cheap to lease any X3. I'd want to know the in-service date, to insure I was under the 4 year warranty for the entire lease period

Tatyana1234

@Michaell said:
.00180 MF and 56% residual, plus $1000 lease credit, but we don't know how the existing miles will impact those numbers.

To get your pre-tax payment, assuming the $39K number is the adjusted cap cost, the residual would be close to 50.11%. Reducing the MF to the base rate of .00180, the pre-tax payment would drop to $495/mo plus tax.

I don't know what's possible regarding the price, but 20% off MSRP seems to be pretty good. You can try to use the Price Checker link to get Edmunds research on the issue.

I'd compare this to a quote on a new unit, and see how much you save on the demo unit.

Can't hurt to try and negotiate the MF to .00180, but again, I don't know if it's marked up due to dealer greed or to the existing miles changing the lease program.

@Michaell said:
.00180 MF and 56% residual, plus $1000 lease credit, but we don't know how the existing miles will impact those numbers.

To get your pre-tax payment, assuming the $39K number is the adjusted cap cost, the residual would be close to 50.11%. Reducing the MF to the base rate of .00180, the pre-tax payment would drop to $495/mo plus tax.

I don't know what's possible regarding the price, but 20% off MSRP seems to be pretty good. You can try to use the Price Checker link to get Edmunds research on the issue.

I'd compare this to a quote on a new unit, and see how much you save on the demo unit.

Can't hurt to try and negotiate the MF to .00180, but again, I don't know if it's marked up due to dealer greed or to the existing miles changing the lease program.

Thank you! I can’t get the calculator to work to figure out the mf they are using. Total rebates:$2,500. What mf do you think they are using? Thank you

Michaell

Tatyana1234 said:

@Michaell said:

.00180 MF and 56% residual, plus $1000 lease credit, but we don't know how the existing miles will impact those numbers.

To get your pre-tax payment, assuming the $39K number is the adjusted cap cost, the residual would be close to 50.11%. Reducing the MF to the base rate of .00180, the pre-tax payment would drop to $495/mo plus tax.

I don't know what's possible regarding the price, but 20% off MSRP seems to be pretty good. You can try to use the Price Checker link to get Edmunds research on the issue.

I'd compare this to a quote on a new unit, and see how much you save on the demo unit.

Can't hurt to try and negotiate the MF to .00180, but again, I don't know if it's marked up due to dealer greed or to the existing miles changing the lease program.

@Michaell said:

.00180 MF and 56% residual, plus $1000 lease credit, but we don't know how the existing miles will impact those numbers.

To get your pre-tax payment, assuming the $39K number is the adjusted cap cost, the residual would be close to 50.11%. Reducing the MF to the base rate of .00180, the pre-tax payment would drop to $495/mo plus tax.

I don't know what's possible regarding the price, but 20% off MSRP seems to be pretty good. You can try to use the Price Checker link to get Edmunds research on the issue.

I'd compare this to a quote on a new unit, and see how much you save on the demo unit.

Can't hurt to try and negotiate the MF to .00180, but again, I don't know if it's marked up due to dealer greed or to the existing miles changing the lease program.

Thank you! I can’t get the calculator to work to figure out the mf they are using. Total rebates:$2,500. What mf do you think they are using? Thank you

I'd just come right out and ask them.