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BMW X3 Lease Questions
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Would you provide November lease rates for X3 xDrive35i and X3 xDrive28i for 10k/12k miles per year when they are available? I see BMW is offering a $1,000 Holiday credit.
Thanks,
Lee
Thanks
so on that car about 4500 off a "new" car
that dealer bought that car back for at most 44..
I would pass thats way to high..
Vehicle Price: $51,695.00
Market Savings: - $4,040.00
SmartChoice Price: $47,655.00
If your willing to pay 47k you could get that same car new for 50k or less.
BMW is known for huge discounts last 2 months so they can beat Mercedes.
I would pick 4 or 5 dealers with in 100 miles of you..find the car on the web site from each dealer.That you like.Email saying I'm ready to buy whats the best price.
now once all 5 come back with a price and start hounding you to come in.
you can say well the other dealer is 500 less..
I bet you will get a offer under 50k
Example I leased X5D msrp was 68k agreed price 58K after a year and 13001 miles. I sold it for 51k.I owed 53k.That diesel sound was driving me crazy,
BMW's take big hits in resale.Take your time.
The numbers for an otherwise identical lease of a '13 X3 xDrive28i are .00125 and 58%.
The residual values for leases with only 10,000 miles per year are 1% higher.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
2013 x3 28i msrp is 51,145 With incentives the lease is based on 46,000
36 months, 15k miles/year no money down, sales taxes of 8.375 included in payment.
Lease payment comes to 649.54/month
Thank you
Is this BMW Factory lease a good one? I am looking at 15k mile/year, how will the residual change?
Well-equipped with Premium Package (Moonroof, Leather, Auto-dimming Mirrors, Lumbar Support, Ambient Lighting), Heated Front Seats, Power Tailgate and Destination charges.
$429*/month for 36 months. $1,000 Holiday Credit and $750 Loyalty Cash included in payment.
• $429 First months payment
• $2,750 Down payment
• $0 Security Deposit
• $725 Acquisition fee
• $3,904 Cash due at signing
Also if your not 100% your going to drive 15k a year, prior to lease end you can log on to your account,They will allow you to purchase extra miles at 16 cents, They add this amount to your remaining payments.This way if the higher mileage alters the residual value in negative way, You can keep that from happening.
Lease I just got:
2013 x3 2.8 (M Sport package) 10k/36m
MSRP 50,700
Holiday Cash
Loyalty Discount
BMW Apps
MSD's
$0 down
$550 (everything rolled into payment; TAX/Bank Fee/DMV)
Due at signing: 1st payment and MSD's ($4200 which you get back at the end of lease)
:shades:
Many thanks for this forum for the help - this is my 3rd car that I'm getting with the help of Edmunds forums. I'm looking to get a 36 month lease on a x3 3.5, can you please provide residual rates, money factor, and any applicable discounts? I have a 5series lease expiring, so I should qualify for loyalty discount as well.
Please advise..
Thank you!
Got several dealerships to compete and am down to the following options:
all are with the following parameters: 15k mi/year, 56% residual, MF 0.00125, 36 months.
Option 1: Base X3 white/black with Premium Pkg and Roof Rail: MSRP $43,095, Selling Price $39,445. Due at signing $1,849.54, monthly payment incl tax: $512.65
Option 2: Base X3 white/black with Navigation, Panoramic Moonroof, Roof Rail: MSRP $43,145, Selling Price $39,850. Due at signing $1,862.40, monthly payment incl tax: $524.51
Option 3: Base X3 white/black with Panoramic Moonroof, Roof Rail: MSRP $40,995, Selling Price $37,705. Due at signing $1,833.29, monthly payment incl tax: $496.40
From internet research option1 is $100 below invoice, option 2 $120 below invoice and option 3 $240 below invoice.
I think these deals are good. Anyone agree or disagree? What else am I missing or need to ask the dealership?
trying to decide between Option 1 vs Option 2 which comes down to a trade off between the Premium Pkg vs Navigation. My thoughts are Premium Pkg is comfort I would enjoy everytime I am in the car, while with Nav ... I am afraid after a few weeks it becomes a while elephant for me since I don't even bother with a portable Nav.
Your thoughts guys and gals.
MSRP: $47,545 (2013 x3 2.8 + premium/cold/tech)
Selling price: $44,595 (includes $1k BMW factory rebate)
Trade-in allowance: $5,000
Acquisition fee: $925 (seems high?)
Miles/year: 10,000
Lease length: 36 months
Money factor: 0.00195 (seems high?)
Residual value: $28,051.55 (59%)
Sales tax: 6%
Payment: $547.78 (seems high considering the $5k trade-in?)
Car_man
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There is a $1,000 holiday cash and $750 loyalty cash incentive on leases of this truck right now.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can you advise how much tire&rim usually cost? same also for end of lease insurance? is this worth buying? I don't want to have a sticker shock at the end of the lease.
First time buying a car and I'm trying not to screw up the numbers too much.
Car I'm looking for:
2013 X3 28i
Space Grey
Black interior
MSport
Technology
Premium
Only have 1 quote so far and definitely seems on high side looking at the numbers on this site. But I'm not sure why?
MSRP: 50950 (includes destination charge of $895)
Market Savings: $2395
Rebate: $1000
SmartChoice Price: $47300
Cash Down: $1345
Monthly lease payments : $706 (36months / 12K)
Now I tried to calculate the residual value of this lease based on the payments and then compare that with the residual % posted by car man
Total Lease Payments = $26,761 ($1345 + (36 * 706)
Calculated Residual = $23934 ($50695-$26761)
With Car Man's numbers for x3 328, Nov 12
Money Factor = .00125 (3% interest rate)
Residual % = 58%
Expected residual = $29,403
Couple of thoughts/questions
1. Priced this car out on TrueCar.com Factory Invoice = $47,515 / Average Paid = $49,159 / MSRP = $51,045. So based on the numbers he gave me, it seems like MSRP is fair. Am I right?
2. Is the difference between expected residual and calculated residual the reason the lease rate is so high?
Appreciate your help. Have to do this all over again for my car so I'd like to understand what's happening.
Thanks,
Oh - for reference, this is the post that made me feel like my lease rate was too high
-------------------------------
iameuro
Nov 12, 2012 (10:58 am)
Dont forget to take advantage of the MSD's.. they can easily bring your monthly payment down by $30/40 a month by lowering your money factor!
Lease I just got:
2013 x3 2.8 (M Sport package) 10k/36m
MSRP 50,700
Holiday Cash
Loyalty Discount
BMW Apps
MSD's
$0 down
$550 (everything rolled into payment; TAX/Bank Fee/DMV)
Due at signing: 1st payment and MSD's ($4200 which you get back at the end of lease)
----------------------------------------
Also - Here's current deal on BMWUSA
X3 328i
Well-equipped with Premium Package (Moonroof, Leather, Auto-dimming Mirrors, Lumbar Support, Ambient Lighting), Heated Front Seats, Power Tailgate and Destination charges.
$429*/month for 36 months. $1,000 Holiday Credit and $750 Loyalty Cash included in payment.
• $429 First months payment
• $2,750 Down payment
• $0 Security Deposit
• $725 Acquisition fee
• $3,904 Cash due at signing
What is the Residual and Money factor for an 2013 X35i for 12k a year and 48 month term. How does it change for 15k a year. Thank You
must purchase miles couple month prior to lease end.or they charge you 20 cents.
Your payment seems way high!
I am interested in a 2013 X3 3.5 for 36 months at 10k miles per year -- can you please confirm the latest money factor and residual %?
I've been reading these post and it seems to me most folks are getting the .00125 or the rate we see from Car_Man, so I'm losing trust in the dealer.
We continue to haggle over the pricing as well. I offered $750 over invoice for my configuration but they countered at about $2500 over invoice. We've been doing this all over email.
I'm in the Twin Cities and there are two local dealers that I'm trying to have compete but they both are high on the sell price.
Am I just in a bad market or do I really need to sit for hours at the dealer to haggle?
Appreciate any insights.
I have recently re-located to Miami from overseas. As a result, I currently have no credit scrore whatsoever.
I am interested in leasing a 2013 BMW X3i 28 for my wife's use. BMW has a special leasing program, where in they lease vehicles to International Executives, who necessarily do not have the best credit score in the country (due to new relocation / move to USA).
Based on all information from the local dealerships in Miami, I have been quoted approx. $650+ per month (based on monthly payments + apportioning the down payment of $4K).
This is obviously super high, considering what I have read on this forum.
Can someone guide me into the basics of leasing or suggest me a dealership around Miami, so that I can save myself from being screwed royally by the dealerships here.
Thanks in anticipation.
Regards,
What leasing company did you work with?
I just started engaging with a car broker to see I can find a better deal since I'm heading of the country for 2 weeks on vacation and need to make a decision before the end of the year.
I'm targeting around $550 for an x3 28i + Tech + Premium + Comfort Access with 0 down. Not sure if that's going to work out.
i'm putting down first month, doc fees(which they really pushed up to $399), DMV, and bank fee. about $2000.
monthly payment is at $550.
I think its a good deal. if anyone thinks otherwise, let me know and I'll see if I can still haggle a bit more..
thanks,
2013 X3 35i
MSRP: $56,595
Invoice: $52,015
My price: $51,500
Nothing down besides taxes and fees, comes out to 3,800 down. 620 a month for 36m/12k...I can't do MSDs since im in NY unless I go to a NJ dealer. The NJ dealer quoted me at 4100 down + 4200 MSD and 580 a month. What do you guys think?
This might be a stupid question, but does BMW release its money factor/residual values ahead of the month or after the 1st of each month?
I am really looking for the X3 2.8 numbers for december...
thanks in advance
Thank you.
Space Gray Metallic, Black 'Nevada' Leather, Fineline Wave Wood Trim, Cold Weather Package, M Sport Package, Premium Package, Tech Package, Head-up Display, Sat Radio
MSRP- 56,545
My Price- 53, 150
36m/12k
0.00145 MF
1,055 due at signing
He offered $709/month and this seems very high. I still haven't tried to counter-offer with MSD's, but what else can I do to try to lower his offer? Any advice will help
with all the bonus cash out there.
OUCH.... Rethink the M Sport Package... What was the residual they were quoting you?
What are the current residuals for the X3 x28i and x35i? With mileage of 10000 and 12000?
Money Factor is 0.00135
Residual for 10,000mi / year is 60%
Residual for 12,000mi / year is 59%
Residual for 15,000mi / year is 57%
I've also read that these numbers could change in mid-December, due to competition between BMW and Mercedes Benz heating up. (One is trying to outsell the other.)
I've found the following discounts available:
$1000 Holiday Discount
$1000 USAA/Military Discount
$750 BMW Loyalty Discount (for current owner/leasing customers)
$300 for current BMW financed/leased customers (download the APP from iTunes and use it to schedule a testdrive. This payment is applied to the first month's loan or lease payment through BMWFS)
$500 BMWCCA Members (cannot be combined with USAA/Military Discount)
I used a 42-month term instead of a 48-month term because that's the longest lease that BMW's special programs are available for.
Car_man
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Car_man
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BMW Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2013 X3 2.8 with 15,000 miles per year are .00125 and 56% for consumers who qualify for its top credit tiers.
Car_man
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Car_man
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The numbers for an otherwise identical lease of a '13 X4 3.5i are .00135 and 59%.
If you were to lease either of these vehicles with only 10,000 miles per year, their residual values would be 1% higher.
When negotiating your deal, make sure to take advantage of the $1,000 cash incentive and $750 owner loyalty cash that are currently available on these vehicles.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum