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BMW X3 Lease Questions
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I am planning to lease a BMW X3 with the following options.
2011 X3 xDr28i
Deep Sea Blue Metallic
Sand Beige Nevada Leather
Brushed Aluminum Trim
Premium Package
Cold Weather Package
Navigation System
Park Distance Control
Rear View Camera
MSRP: 46,075
The dealer came back with the following quote.
36 months x 10k miles x 8k OOP = $459 a month
Residual Value: $27,184.25
This includes all taxes and fees. Considering I am paying 8K as down payment, is this a good deal?
Appreciate your help.
Thanks,
-Srini
So, I suppose I would like to know when the best month to acquire a new car is? How do those changing residuals work?
Thanks in advance.
Car_man
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So while this vehicle's residuals will be lower later on in the year it does not necessarily mean that its payments will be higher. BMW will ultimately set its payments based upon what the supply of and demand for this vehicle is when you want to lease it.
Car_man
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The 36-month leases are much cheaper... but, not cheap.
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Car_man
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What should I seek as the buy price? What is the money factor and residual that I should seek? Payment?
Please help! I want to get the best deal possible. Located in Florida. Thanks.
The residual value for a lease with only 10,000 miles per year would be 1% higher.
If you are a loyal customer and opt not to take advantage of the $1,000 loyalty cash you are eligible for a .00030 money factor reduction.
I'm not personally all that familiar with what the market is like for this vehicle in your area right now, but in general I don't believe that grosses on luxury vehicles are great in Florida right now. $1,000 or possibly even less over invoice would probably get the job done.
Car_man
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thanks
Let me know what you guys think:
MSRP 46650
Invoice 43500
Cap Cost: 44,150- that was my purchase px
Money Factory reductions:
1) Loyalty
2) MSD (multiple security deposits)
3) BMW Drive for team USA event ($1000 cash)
Monthly Payment $550 (tax in the payment)
i'm looking to lease a X3 myself.
thx
This money factor is .00030 lower for loyal customers.
Car_man
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Your dealer is not telling you the truth.
Seems like a decent deal EXCEPT – what are the following charges?
Assignment fee – 895.00
Dir Admin – 630.77
Are these normal fees or should I try to get them out of there?
Dir Admin? sounds like padding... I'd try to get rid of this, or get the price lowered by a comparable amount.
regards,
kyfdx
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But, $630 is outrageous... but, typical for Georgia or Florida.
For example, some states restrict the amount of doc fees.... California is $55 max and Ohio is $250 max..
Just go back and tell them.... they've bumped the acquisition fee by $170 and added a $630 doc fee... That's $800 more than you want to pay. Will they bargain? Who knows. It's possible that they wouldn't have agreed to your sale price, if they thought they couldn't add those charges, so they may be at their bottom dollar. But, if you are willing to walk over it, they may drop another $500-$800 off the price.
regards,
kyfdx
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Can you please give me the 2011 x3 3.5 engine residual values for 36 and 42 months(if any) for both 12k and 15k per year. Comparing this to an Audi Q5 (2012). Audi buy price is about 5k less for a comparable vehicle. I didn't look at Audi lease rates. Any opinions? Any idea when the 2012 X3's are out?
thanks
The numbers for an otherwise identical 42 month lease are .00195 and 48%, respectively.
The residual values for leases with only 12,000 miles per year are 2% higher.
If you are a loyal customer, the money factor would be .00030 lower.
BMW's lease program for the X3 is really not that great right now, but I don't think that a Q5 would really be any cheaper to lease.
Car_man
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: " At lease end, lessee will be liable for disposition fee ($350.00), any excess wear and use as set forth in the lease agreement and excess mileage charges of $0.20 per mile for miles driven in excess of 30,000 miles."
http://www.bmwusa.com/standard/content/Vehicles/2011/X3/xDrive28i/OfferDetail.as- px?NAModelCode=1195&OfferType=1®iontypeid=5
Thanks
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But, I know what you mean... most of ours are for 15K/yr... On a BMW lease, the residual drops by 3% when going from 10K to 15K per year..
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The money factor is .00030 lower for loyal customers.
The residual value is 2% higher for leases with 12,000 miles per year.
Car_man
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Is the September MF and residual the same for both the 2012 X3 28i & 35i?
Also, can one use the $1000 loyalty discount AND the .00030 MF reduction on the same lease?
Thanks
The numbers for an otherwise identical lease of a '12 X3 35i are the same.
Unfortunately the $1,000 loyalty cash and .00030 loyalty money factor reduction are not compatible with each other.
Car_man
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My 2008 BMW lease term is coming due. I am considering a 2011 or 2012 X3 28i with xDrive.
Two questions for the group:
1) Can someone help me to make sure I have all the savings options covered?
- $1,000 cash or .00030 reduction for customer loyalty
- $750 dealer cash
- multiple security deposit reduction of money factor
- AMEX carbuying price
- Anything missing?
2) Can someone share the October 2011 lease rate numbers for both the X3 28i and X3 35i?
- 24 month, money factor, residual value (12,000 miles / year)
- 36 month, money factor, residual value (12,000 miles / year)
Thanks!
Are you positive on the $750 dealer cash? I did not hear about it.
Thanks
BMW Financial Services' buy rate lease money factor and residual value for a 24 month lease of a 2011 X3 28i with 12,000 miles per year are .00195 and 64%, respectively for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 36 month lease are .00195 and 58%.
The numbers for the '11 X3 35i are exactly the same.
The money factors for loyal customers are .00030 lower.
Car_man
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The money factor would be .00030 lower for loyal customers.\
Car_man
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Premium, convenience, sport activity, cold weather, and technology packages, BMW apps, brushed aluminum, chestnut brown leather, Bluewater metallic exterior
MSRP $49,125
Sales price: $46,280
Acquisition fee $725
doc fee $195
Due at signing 1st payment and registration
Lease $759.13/month
0.00195 money factor
Residual 55%
15,000 miles/year
S
Car_man
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Also, any recommendations on great internet departments at dealers in N. California (or SoCal).
Thanks!
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2012 X3 28i
Metallic paint
Tech Package
Premium Package
Destination
MSRP: $44,925
Sale price: $42,000
36 month lease (10k miles/yr):
$3415 due at signing (includes 1st payment and taxes)
$572/month
Residual is $26,056 (58%)
Is there more room here? I pretty sure there is by the reaction of the sales rep when I got up to leave, but I'm wondering how much lower I can get it. Any info would be appreciated. Thanks.
I'm in the Bay Area too. What dealership gave you $500 over on your 28i lease?
Thanks!
According to this forum, i think they were at 0.00195 and 58%.
I'm going to a dealership in about three hours :-\