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BMW X3 Lease Questions
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When negotiating your deal on this truck, make sure to take advantage of the $1,000 holiday credit and $750 owner loyalty cash offers.
Car_man
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I countered with invoice and a .00125 mf as we would def qualify for top credit.
New guy at dealer doesn't seem all that hungry and didn't even counter just said he couldn't get close. Is it time for me to be looking elsewhere or are the x3's moving that well?
Is invoice or 500 over just not realistic On my part? Thanks.
Another poster put down below invoice? Where are they getting this at? (Maybe I shouldn't be so fussy and just take something off their lot?)
If I type in the numbers you've mentioned into Edmunds lease calculator - I get a monthly payment of $862.
Try it yourself.
http://www.edmunds.com/calculators/car-lease.html
Lease price $44070
Title & Registration $600 (calculated this from your $2k down (2k-$550(first motnth)-$850(destination) = title + registration)
Residual % of 55% (calculated from your $550 payment. 550 x 36 / lease price)
Miles driven 12K
Money factor : 0.0029
I had a friend pick up an X3 from SoCal - $39K lease price and was able to get lease rate for $510 a month (36 months, 12K miles, $1300 down). Again, I've tried to get that to work in the lease calculator and it simply does not come close.
Don't understand if the calculator is wrong and/or I'm missing something.
2) Where is the MSRP in your calculation? You can't calculate a lease without it..
3) Money factor of .0029? Way too high
You can't use generic numbers to calculate a lease... you have to have the exact program numbers...
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http://www.bankrate.com/calculators/auto/auto-lease-calculator.aspx
MSRP: 48145
Final: 43070
Down : 2000
Tax : 6%
Lease Length : 36 months
MF: 3%
Residual Value : 24980
Dep fee: 446
Lease fee: 82
Monthly payment: 529.51
Usage Tax: 31.77
Total Monthly : 561.28 (which comes very close to the posters $550);
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I know that 4 tires for the X3 XDrive 35i M Sport could easily cost that much, so it seems that this might be a reasonable charge.
Is anyone familiar with this offering, and what do you think of it?
Thanks,
Lee
On both of my BMW lease turn-ins, I owed $0...
Also, they like to sell you these plans as, "you just drop of the car, and you don't have to worry about it..", but in reality, you still get the charges, and you have to make a claim with the insurance company...
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I just returned the BMW I was leasing and three tires were under the minimum tread depth requirement. The charge is 300 per tire and the dealer was going to waive $500 of this as part of their lease return incentive when you buy or lease a new vehicle from them.
Lee
Doesn't seem like a good reason to spend $1475, this time.. I'd rather have that money in the bank...
Good luck!
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Thanks
I'm in Southern California and just acquired a 2013 X3 xDrive35i on 12/22 with MSRP 55,895. These are in shorter supply than the 28i. I went with 12k miles per year for 3 years, but here's the quote I got for 10K miles/year:
2013 BNW X3 xDrive35i
MSRP- $55,895
McKenna Internet Price- $51,940
36 month lease with 10k miles annually
Acquisition Fee- $925
BMW FS Loyalty- ($750)
BMW Holiday Rebate- ($1000)
Ultimate Drive Rebate- ($300)
Driveoff- $1274.23 - 1st month payment, tax and DMV Fees
$596.15 plus tax= $642.35 for O.C. Residents**
** On approved Credit with BMW FS
Rate- .00135
Lease Factor (Residual%) 60% for 10k miles
Residual- $33,537
Hope this helps,
Lee
Wasn't sure how much I should knock off for 6500 miles, but based on your info it sounds like I should be closer to $500 / month or less, not willing to compromise for savings of less than $100 / month.
Thanks again,
Ken
I will be shopping to lease a new 2013 BMW X3 within the next two weeks in Atlanta, GA. 36 months, 15k miles/year. Do you have any infomation on what money factor and residual I should be looking for? My credit score currently is mid 700s. Also, what types of credits should I be aware of since I will be too late for the holiday credit? I did lease with BMW Financial in 2007-2010, would I qualify for the Loyalty credit?
Thanks for your reply!
Am assisting a friend with a lease of the above referenced car. Could you kindly provide the buy rate and residual for 36 and 39 month leases with 12k and 15k. Additionally, are you aware of any incentives beyond the $750 loyalty?
Many Thanks.
x3 28i - premium pkg, tech pkg, roof rails, comfort keyless entry, 36 month/10K year.
3000 total drive off including 1st month payment, taxes etc.
MSRP: 47,695
Residual value: 27,992
Lease factor: 0.00125
lease payment: $499 + tax per month
good deal?
I feel like the residual value is high in case I need to buy it after 3 years isn't it?
Please let me know.
The only cash incentive that I am aware of on this truck right now is $750 owner loyalty cash. I suspect that 2010 is too long ago to qualify for the loyalty cash, but it doesn't hurt to ask.
Car_man
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I don't think that BMW is running 39-month leases this month.
The residual value for a lease with 12,000 miles per year would be 2% higher.
The loyalty offer is the only cash that I am aware of on this model right now.
Car_man
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Can you please look at previous post and let me know if this is a good deal I am getting? The dealer has ordered the vehicle but I am yet to put any deposit.
thanks
Regards,
Georgiagirl13
Car_man
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Car_man
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Car_man
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This is what a dealer in the Florida area offered me:
X3 i28
MRRP 41,095
Price is $500 above invoice
$0 Down, just fees and taxes, tags, plates, etc
MF .00150
Residual 60%
Payment of 493 + tax
I am pretty sure I can get lower on this, right? What do you guys think?
Thanks!
Can you tell me if you think this monthly payment is too high:
2013 BMW X3 28i/ Lease 36 months/ 15k miles yr
Premium Pkg, Navigation, heated seats, satellite radio, BMW Apps
MSRP: $46,095
Sales price: $43,330
MF: .00130
Residual: 57%
Upfronts includes first month payment: $2,200
Monthly payment: $599.64 (6% sales tax included)
Thanks,
Georgiagirl13
$925 acquisition fee
$80 docs
$364 license fee (CA)
$116 total upft/acq fee (?)
+9% cap tax
Are any of the above too high or junk fees?
Thanks!
I wasn't given a sale price as I was asking if they can give me a particular lease amount.
The quoted MSRP: 47,695
Residual value: 27,992
The lease application was submitted before the new year, so I am eligible for the $1000 holiday cash from BMW financial.
The lease payment is $499 + tax (8.5% in my case) = $541.
X328i with premium, tech pkg, sunroof,comfort keyless, black metalic/sand beige leather.
MSRP:$46295 / 57% / 0.00130
X3 xDrive 28i, Mineral Silver Metallic, Premium Pkg, Roof rails in Aluminum Satin, Heated front seats, Navigation system...
36 Months, 15K/yr
$2500 Down
$550 Monthly
Is this a good deal?
Also, wanted to thank everyone posting on this forum for the great info, I was able to get $350 under invoice on 2013 x3 28i w/ premium, cold weather, tech pkg, aluminum roofrails, 12,000 miles/yr, $2000 drive off (1st month, fees, etc), $600/month, money factor 0.00145. In South O.C. (CA).
On a side note, should I have qualified for MF of 0.0013 with credit score of 739?
Thanks again!
Can you tell me if you think this is a good deal. The monthly payment still seems high to me. Also, is it normal for the Doc fee to be so high?
2013 X3 28i/ 36 month lease/ 15k miles year/ 57%/ .00130 MF
Premium Package, Technology Package, Cold Weather Package...
MSRP: $46,745
Sale Price: $43,780
Doc fee: $599
Acquisition fee: $725
License fee: $21
Gross Cap Cost: $44,505
Customer Cash: $2,200.01
Amt applied upfront: $1,343
Total Cap Reduction: $856.93
Net Cap Cost: $43,648.07
Monthly payment: $563.70 plus $39.46 tax = $603.16
Thanks,
Georgiagirl13
Dealerships will charge you fees in different ways so you have to watch out. For example, I was charged $80 doc fees + 385 licenese fee + misc. = TOTAL of $508.20, this excludes 9% tax on cap reduction, 1st month payment, and acquisition fee. It looks like they bundled up bunch of misc fees and called them license fees for you.
I would ask them to disclose ALL of the fees to you (itemized) before you sign anything.
How much are they asking for tire warranty on X3 i28, 3 years?
Thanks,
Georgiagirl13
X3 28i with Sunroof, Roof rails, leatheratte, distance sensors, BMW assist, XM 1 year with 10k and 36 months, $0 down (only fees, tags and 1st month for $2k).
MSRP 43095
Sale 40190
MF .00130
Residual 61%
Payment $499 + tax
Thoughts?
thanks!
To get a payment of $499 + tax with MF .0013 and 61% resid, your cap cost is $41,115, which means your total cost to lease the car is $2,925. $925 is probably the acquisition fee, the remaining $2000 goes towards 1st month, license fee, doc fee, and misc fees. That number seems pretty high to me, as I paid $2,140 in TOTAL fees, which includes acquisition, 1st month, license fee, doc fee, and misc fees.
Bottom line is they quoted you a fair selling price on the car, but they are charging too much in fees, according to your numbers. Just my 2 cents.
The invoice price I got from True Car is 40,290 (Sunroof, XM, BMW Assist, Distance park, roof rails and include the 895 destination charge).
Any thoughts on purchasing the tire warranty? I have not received th official quote, but sales guy said about $1,000. Is it worth it?
Thanks!
I'm looking to lease an x3 xdrive28i w/metallic paint, leather, cold weather I and II, premium package, premium sound package, and technology package.
Msrp is around $49k. Looking for 36month lease 12k per year.
What is typical selling price, residual and money factor for this model in Boston this month?
Anyone else feel free to weigh in with opinions. Also considering Acura RDX and VW Toureg.
The amount that's due at lease signing sounds slightly high though. Do you know what it includes? You're paying sales tax in your monthly payment so not that. I'm sure that it's the $600 monthly payment and BMW Financial Services' $725 acquisition fee. Those two things should total $1,325. So what's the other $875% Title, registration, etc...?
Car_man
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