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BMW X3 Lease Questions
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First dealer wasn't willing to go under $47k with .00145 MF and 3k cash down for $641/month. This also includes Maryland taxes which are on the total cap cost and account for about $75/month.
I went to a second dealer and they are willing to beat the first and bring it down to $620/month. The finance manager hasn't given me their MF yet as she said she may play with the numbers for month-end targets (either adjusting sales price or MF to benefit sales or finance groups). Is $620/month a good deal given the steep taxes?
Thanks!
Chris
You can see why they wouldn't want a model year to stretch longer than a year.... especially with a lot of leasing... Too much mileage variance between vehicles of the same model year... negatively affecting resale...
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with the following packages
Sport Activity Package
Cold Weather Package
Dynamic Handling Package
Premium Package
Premium Sound Package
Technology Package
rubber mats
Total price of vehicle was 51 plus not including tax...my receipt doesn't state residual value.. tax or doc fees..it just list options and down payment/monthly payment....Salesman just started working there i guess.
just 2700 total out of pocket...don't know exactly what this includes or what fees im paying.
loyalty rebate of 750 goes to dealer i believe...that much i know coz of the promo
599 monthly payments...
I just gave them a list of options and they charge my credit card for 1000.00...it happen so fast that ..I didn't even get a chance to negotiate. I was hoping to get lower payments since im currently paying 559 a month on a 2010x3
MSRP $38,500.00
Space Gray Metallic $550.00
Black Leatherette Included
Roof rails in Aluminum Satin $250.00
Navigation System $2,150.00
BMW Asst w/enhanced BT & USB Included
Real Time Traffic Information Included
Destination Charge $895.00
Total Suggested Retail Price $42,345.00
Lease term: 36 months, 10000 miles per year
Monthly payment: $406.89 + tax = $443.51
Paid upfront:
$750.00 (Capitalized Cost Reduction)
+ $443.51 (first month)
+ $345.00 (Initial License Fees)
+ $72.45 (Sales Tax)
+ $725.00 (Acquisition Fee)
+ $15.00 (Electronic Vehicle Reg or Transfer Charge)
+ $67.50 (Sales Tax on Capitalized Cost Reduction)
+ $80.00 (Document Processing Charge)
+ $7.00 (California Tire Fee)
- $750.00 (Loyalty)
------------------------
$1,755.46 Paid on delivery
Did I do ok???
But if I do go over 30K miles (most likely not gonna happen) it's 20 cents a mile... which sounds pretty reasonable.
Thanks in advance!
BMW will sell you miles at 16 cents.
2013 X3 (this one is located at another dealership out of state)
Red ext/ Sand beige interior
Convenience package
Cold Weather
Premium
Tech
Satin Al roof rails
Sat radio
BMW apps
MSRP $49445
Discount of $1000
They think it will be around $700 to get the X3 to the dealership
0 down
36 mo/12k lease
7% state sales tax
$750.26/month
Other option 2014 X3
Red/ Sand beige interior
Cold weather
Driver assist
Lighting
Premium
Tech
Sienna wood trim
MSRP $50,695
Discounted to $49,745
36 mo/12k 0 down
7% state sales tax
$805.28/mo
Seems a little high to me. anyone have any advice?
Thanks in advance
Rate is 0.00169 and residual is 59%, payments now down to $795. (includes taxes and such)
What do folks think?
you could actually be cheaper then that X3
Unfortunately the local place doesn't offer a loaner car unless you get the car from them - although I'd save enough money over a couple of months to pay for a car rental for the 1-2 times a year it comes in for service. Good news is that I'm in no rush here - I've still got my Honda, and although I don't like it, it serves my purposes for the time being at a much lower monthly price than the new X3 would be.
http://www.bmwusa.com/standard/content/Vehicles/2013/X3/xDrive35i/OfferDetail.as- px?NAModelCode=13XE&OfferType=2®iontypeid=2
Got this one
2014 X3 28i,
Base price - 39,600
Premium package (3,200)
Heated front seats (500)
Dest. / handling - 925
total 44225, selling price 41800,
12000 miles / year , 36 months
cash on delivery - 4,594 (incl drive off, 1st payment)
monthly payment - 476$. , before CA tax.
Is it fair?
Thanks,
Does the dealer have any 2013? I do not think there is much difference between a 2013 and 2014, you might be able to save some money..
What I would like help with, is the best sequence of actions to conduct a lease.
I have read that you shouldn't even mention lease to the dealer until you have settled on a purchase price. Is this the best first step?
Also what is negotiable other than price? Is MF or residual value negotiable or is this set by BMW?
Finally I am interested in a X3 28i and they now have both 2013 and 2014. Which one would be best to lease, I assume the 2014 because it probably would have a higher residual value but not sure if this is correct?
Thanks for your help
The 2014's actually have a 2% less residual than the 2013's right now and you could get a better price on the '13. Its up to you if the new navigation, packages, and higher price is worth it or not to get a '14
Are you sure you are not confusing the Money Factor being 2% higher?
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
What is the actual residual % on the 2013 and 2014?
Do you know what are the major differences between the 2013 X3 and 2014 x3?
Thanks
The base price went up $750 from making standard most of the equipment that was in the Premium Package. Only major difference is the 2014 has the new NBT Navigation and full black intstrument cluster. The NBT Nav is faster, more streamlined for the radio/media menu structure, improved menus, advanced real time traffic info, weather info in the navigation map, and message dictation. Also, is clearer and better picture. BMW also re-did some of the equipment in packages so that is different as well
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Does the money factor change with the size of the down payment? In this forum I have learnt that best to have as low a down payment as possible.
Thanks
Is it possible to get invoice for a 2014 this early in the model year?
Thanks
I believe between my wife and I, one of us has good credit.
So is there a table of credit score to MF that I should be aware of?
I want to be prepared if he says our credit won't qualify for 0.00127.
Also can he deny me 0.00127 if I have good credit?
Thanks