2015 BMW X3 Lease Questions

eurocarlov1 · October 2014

Hello! Can you please provide the October money factor and residual on a 2015 x3 xdrive 28i with M Sport package?

36 months
15k miles per year

Thanks!

kyfdx · October 2014

eurocarlov1 said:
Hello! Can you please provide the October money factor and residual on a 2015 x3 xdrive 28i with M Sport package?

36 months
15k miles per year

Thanks!

.00129 MF and 54% residual

rx5zigen · December 2014

2015 X3 28i X Drive, any updated info for Nov. on 24/36/39 Mo. 10K or 7.5K mi? Also any incentives. Thanks

kyfdx · December 2014

rx5zigen said:
2015 X3 28i X Drive, any updated info for Nov. on 24/36/39 Mo. 10K or 7.5K mi? Also any incentives. Thanks

.00130 MF and 57% residual for 36mo, 10K/yr.

The other terms aren't viable.

tifighter · December 2014

Are Dec numbers out yet? Looking at X3 28d xdrive 36mo/ 12k & 15k miles.

Michaell · December 2014

tifighter said:
Are Dec numbers out yet? Looking at X3 28d xdrive 36mo/ 12k & 15k miles.

.00130 and 54% for 36/15. Add 2% for 12k.

tifighter · December 2014

@michaell Thank you!

BMW has lower residuals than MB, Audi and Lexus in this category. Interesting.

Michaell · December 2014

tifighter said:
@michaell Thank you!

BMW has lower residuals than MB, Audi and Lexus in this category. Interesting.

I suspect that is due to the popularity of the vehicle - no reason to inflate the residual to move metal.

elviso · December 2014

Michaell said:

tifighter said:
Are Dec numbers out yet? Looking at X3 28d xdrive 36mo/ 12k & 15k miles.
.00130 and 54% for 36/15. Add 2% for 12k.

Hi All,

Just got this from a NJ dealer. I live in MA, but will be visiting my dad so wanted to see if I can get a better deal down there. It seems so, but not sure. MA taxes are 6.25%

BMW X3 2.8i
Cold weather
driver assist
drive assist plus
lighting package
premium package
technology package
MSRP $53,050.00

SELLING PRICE $47,836.00
MONTHLY PAYMENT $641.00 (MA TAXES ROLLED INTO PAYMENT)
$1965.00 UP FRONT

Thanks.
Elviso

Michaell · December 2014

elviso said:

Michaell said:

tifighter said:
Are Dec numbers out yet? Looking at X3 28d xdrive 36mo/ 12k & 15k miles.
.00130 and 54% for 36/15. Add 2% for 12k.
Hi All,

Just got this from a NJ dealer. I live in MA, but will be visiting my dad so wanted to see if I can get a better deal down there. It seems so, but not sure. MA taxes are 6.25%

BMW X3 2.8i
Cold weather
driver assist
drive assist plus
lighting package
premium package
technology package
MSRP $53,050.00

SELLING PRICE $47,836.00
MONTHLY PAYMENT $641.00 (MA TAXES ROLLED INTO PAYMENT)
$1965.00 UP FRONT

Thanks.
Elviso

Is this for 12K or 15K miles?

elviso · December 2014

Michaell said:

elviso said:

Michaell said:

tifighter said:
Are Dec numbers out yet? Looking at X3 28d xdrive 36mo/ 12k & 15k miles.
.00130 and 54% for 36/15. Add 2% for 12k.
Hi All,

Just got this from a NJ dealer. I live in MA, but will be visiting my dad so wanted to see if I can get a better deal down there. It seems so, but not sure. MA taxes are 6.25%

BMW X3 2.8i
Cold weather
driver assist
drive assist plus
lighting package
premium package
technology package
MSRP $53,050.00

SELLING PRICE $47,836.00
MONTHLY PAYMENT $641.00 (MA TAXES ROLLED INTO PAYMENT)
$1965.00 UP FRONT

Thanks.
Elviso
Is this for 12K or 15K miles?

I have more of the break down.
Up front: 641 1st mo, 299 doc fee, 725 bank fee, I think the rest 570 RMV fee
12K

Thanks again.
Elviso

Michaell · December 2014

elviso said:

Michaell said:

elviso said:

Michaell said:

tifighter said:
Are Dec numbers out yet? Looking at X3 28d xdrive 36mo/ 12k & 15k miles.
.00130 and 54% for 36/15. Add 2% for 12k.
Hi All,

Just got this from a NJ dealer. I live in MA, but will be visiting my dad so wanted to see if I can get a better deal down there. It seems so, but not sure. MA taxes are 6.25%

BMW X3 2.8i
Cold weather
driver assist
drive assist plus
lighting package
premium package
technology package
MSRP $53,050.00

SELLING PRICE $47,836.00
MONTHLY PAYMENT $641.00 (MA TAXES ROLLED INTO PAYMENT)
$1965.00 UP FRONT

Thanks.
Elviso
Is this for 12K or 15K miles?
I have more of the break down.
Up front: 641 1st mo, 299 doc fee, 725 bank fee, I think the rest 570 RMV fee
12K

Thanks again.
Elviso

I'm getting $642/mo with your MSRP and selling price (.00130 and 56%). Looks good.

samny1 · December 2014

HI,

I am wondering if you have the MF and RV on a X3 2.8i with Premium, Cold Weather, Tech packages for 24/36/39 month leases for 15K a year in Westchester County, NY?

Thanks

SM

Michaell · December 2014

samny1 said:
HI,

I am wondering if you have the MF and RV on a X3 2.8i with Premium, Cold Weather, Tech packages for 24/36/39 month leases for 15K a year in Westchester County, NY?

Thanks

SM

.00130 and 60% / 54% for 24 / 36 months. No 39 month program on the X3 this month.

samny1 · December 2014

Michaell said:

samny1 said:
HI,

I am wondering if you have the MF and RV on a X3 2.8i with Premium, Cold Weather, Tech packages for 24/36/39 month leases for 15K a year in Westchester County, NY?

Thanks

SM
.00130 and 60% / 54% for 24 / 36 months. No 39 month program on the X3 this month.

Thanks!

xxjojoxx · December 2014

Hello all!

I'd like your feedback on this lease:

2015 X3 xDrive28i w/8500 miles (manager demo)

Technology Package
Driver Assist Package

MSRP $44,000
Down Payment = $5000
Monthly Payment = $440 (NY taxes included)
12k a year

Thanks,
Joe

Michaell · December 2014

xxjojoxx said:
Hello all!

I'd like your feedback on this lease:

2015 X3 xDrive28i w/8500 miles (manager demo)
Technology Package
Driver Assist Package
MSRP $44,000
Down Payment = $5000
Monthly Payment = $440 (NY taxes included)
12k a year

Thanks,
Joe

What is the selling price? What is the breakdown of the $5000 - specifically, how much is going to cap cost reduction (down payment)? What is the lease term?

bimbee · December 2014

just received this quote, and would love your feedback on it - does this look good?
i am in massachusetts, sales tax is 6.25% (tacked on monthly payments, not upfront)

x3 xDrive28i
metallic paint / dakota leather
xline
premium package
driver's assistance package
cold weather package
navigation

msrp 50.750
invoice 47,195(though he mumbled a bit when it came to this figure, i don't have it in writing)
sales price 47,500 (this includes $1,000 holiday credit that expires today, so i'd need to pull the trigger asap)
57% residual (can dealers inflate this value, or is it always the bmwfs base rate?)
.000013 mf
36mo/10k lease
monthly payment 615+tax (@6.25%, 653 incl. tax)
drive off 2,123, includes:
1st payment 653
acquisition 925 (he actually said this represents "acq fee+tax" - i didn't know there was a tax on acq. fee? isn't this 725 base?)
ttl 470 (massachusetts)
i have $75 missing in there somewhere in the drive off total

do you think there's room to improve?

thank you very much in advance!

bimbee · December 2014

elviso said:

Michaell said:

elviso said:

Michaell said:

tifighter said:
Are Dec numbers out yet? Looking at X3 28d xdrive 36mo/ 12k & 15k miles.
.00130 and 54% for 36/15. Add 2% for 12k.
Hi All,

Just got this from a NJ dealer. I live in MA, but will be visiting my dad so wanted to see if I can get a better deal down there. It seems so, but not sure. MA taxes are 6.25%

BMW X3 2.8i
Cold weather
driver assist
drive assist plus
lighting package
premium package
technology package
MSRP $53,050.00

SELLING PRICE $47,836.00
MONTHLY PAYMENT $641.00 (MA TAXES ROLLED INTO PAYMENT)
$1965.00 UP FRONT

Thanks.
Elviso
Is this for 12K or 15K miles?
I have more of the break down.
Up front: 641 1st mo, 299 doc fee, 725 bank fee, I think the rest 570 RMV fee
12K

Thanks again.
Elviso

hi elviso,
would you mind sharing the name of the CA/dealership you've gotten this quote from? i am in ma as well, and looking for almost the exact same car; it looks like your have gotten better numbers from your person. feel free to pm me and/or refer me to them if that gives you any credit at all!
thank you very much in advance!
mark.

Michaell · December 2014

bimbee said:
just received this quote, and would love your feedback on it - does this look good?
i am in massachusetts, sales tax is 6.25% (tacked on monthly payments, not upfront)

x3 xDrive28i
metallic paint / dakota leather
xline
premium package
driver's assistance package
cold weather package
navigation

msrp 50.750
invoice 47,195(though he mumbled a bit when it came to this figure, i don't have it in writing)
sales price 47,500 (this includes $1,000 holiday credit that expires today, so i'd need to pull the trigger asap)
57% residual (can dealers inflate this value, or is it always the bmwfs base rate?)
.000013 mf
36mo/10k lease
monthly payment 615+tax (@6.25%, 653 incl. tax)
drive off 2,123, includes:
1st payment 653
acquisition 925 (he actually said this represents "acq fee+tax" - i didn't know there was a tax on acq. fee? isn't this 725 base?)
ttl 470 (massachusetts)
i have $75 missing in there somewhere in the drive off total

do you think there's room to improve?

thank you very much in advance!

Base MF is .00130 (you had one extra 0 in yours); residual cannot be modified.

I'm getting the same payment as you - $653/mo. Only way to improve on it is to either negotiate a lower selling price or use MSD to buy down the interest rate.

xxjojoxx · December 2014

Hi Michael,

MSRP is $46,925
Selling price is $41000
Lease Term is 36 months.

I just heard back from the dealer and they said "they made a mistake in calculations"

Now the lease price is $499/month instead of $440

$1350 cap cost (Out of the $5000 down payment)
$1805 tax
$499 first month
$323.30 motor vehicle
$299 doc fee
$725 bank fee

Thanks,
Joe

Michaell · December 2014

xxjojoxx said:
Hi Michael,

MSRP is $46,925
Selling price is $41000
Lease Term is 36 months.

I just heard back from the dealer and they said "they made a mistake in calculations"

Now the lease price is $499/month instead of $440

$1350 cap cost (Out of the $5000 down payment)
$1805 tax
$499 first month
$323.30 motor vehicle
$299 doc fee
$725 bank fee

Thanks,
Joe

Using the MSRP of $46,925, the net cap cost of $39,650, the MF of .00130 and the 36/12 residual of 56%, I get a payment of $457.15. No taxes, since you're paying them up front.

Dealer may be marking up the MF on you - a .00170 MF takes the payment to $483.52/mo.

xxjojoxx · December 2014

Thanks Michael. They're pricing is very shady and they were getting defensive when I told them that their numbers are wrong. I've moved on to a different dealer.

What are your thoughts on this offer?

2015 X3 xDrive28i w/7000 miles (manager demo)

Technology Package
Driver Assist Package

MSRP: $46,825
Selling: $41,995
Down Payment: $5000
Net Cap Cost: $40,595
Term: 36 months
Monthly: $466
12k miles a year

Thanks,
Joe

xxjojoxx · December 2014

Here's more of the breakdown regarding the $5000 down payment:

$5000 down includes:
First payment of $466
$1400 going to Cap Cost
Sales Tax $1600
Acquisition Fee $725
Document Fee $ 395
Estimated DMV $295
Tax on Fees $295

Residual: $25,383.85

Michaell · December 2014

xxjojoxx said:
Thanks Michael. They're pricing is very shady and they were getting defensive when I told them that their numbers are wrong. I've moved on to a different dealer.

What are your thoughts on this offer?

2015 X3 xDrive28i w/7000 miles (manager demo)
Technology Package
Driver Assist Package
MSRP: $46,825
Selling: $41,995
Down Payment: $5000
Net Cap Cost: $40,595
Term: 36 months
Monthly: $466
12k miles a year

Thanks,
Joe

xxjojoxx said:
Here's more of the breakdown regarding the $5000 down payment:

$5000 down includes:
First payment of $466
$1400 going to Cap Cost
Sales Tax $1600
Acquisition Fee $725
Document Fee $ 395
Estimated DMV $295
Tax on Fees $295
Residual: $25,383.85

I'm getting $510.91 pre-tax; your offer looks really strong by comparison.

xxjojoxx · December 2014

Thank you Michael!

borusik83 · January 2015

Hello! Looking for the January (Illinois) money factor and residual on a 2015 x3 xdrive 28i with M Sport package?

36 months
12K/15K miles per year

Thanks!

Michaell · January 2015

borusik83 said:
Hello! Looking for the January (Illinois) money factor and residual on a 2015 x3 xdrive 28i with M Sport package?

36 months
12K/15K miles per year

Thanks!

.00131 and 50% for 36/10. Add 2% for 12K.

borusik83 · January 2015

Michaell said:

borusik83 said:
Hello! Looking for the January (Illinois) money factor and residual on a 2015 x3 xdrive 28i with M Sport package?

36 months
12K/15K miles per year

Thanks!
.00131 and 50% for 36/10. Add 2% for 12K.

Hi Michaell, thanks for the info. I know I'm in the wrong forum, but could you maybe give me the same info for 2015 328i Gran Turismo?

Much appreciated.

Michaell · January 2015

borusik83 said:

Michaell said:

borusik83 said:
Hello! Looking for the January (Illinois) money factor and residual on a 2015 x3 xdrive 28i with M Sport package?

36 months
12K/15K miles per year

Thanks!
.00131 and 50% for 36/10. Add 2% for 12K.
Hi Michaell, thanks for the info. I know I'm in the wrong forum, but could you maybe give me the same info for 2015 328i Gran Turismo?

Much appreciated.

.00131 and 60% for 39/15.

borusik83 · January 2015

Michaell said:

borusik83 said:
Hello! Looking for the January (Illinois) money factor and residual on a 2015 x3 xdrive 28i with M Sport package?

36 months
12K/15K miles per year

Thanks!
.00131 and 50% for 36/10. Add 2% for 12K.

From reading December comments I belive residual v. was at 56% in December (for 12k) did it go down by 4%??

Michaell · January 2015

borusik83 said:

Michaell said:

borusik83 said:
Hello! Looking for the January (Illinois) money factor and residual on a 2015 x3 xdrive 28i with M Sport package?

36 months
12K/15K miles per year

Thanks!
.00131 and 50% for 36/10. Add 2% for 12K.
From reading December comments I belive residual v. was at 56% in December (for 12k) did it go down by 4%??

Certainly looks that way.

kyfdx · January 2015

borusik83 said:

Michaell said:

borusik83 said:
Hello! Looking for the January (Illinois) money factor and residual on a 2015 x3 xdrive 28i with M Sport package?

36 months
12K/15K miles per year

Thanks!
.00131 and 50% for 36/10. Add 2% for 12K.
From reading December comments I belive residual v. was at 56% in December (for 12k) did it go down by 4%??

It's 50% for 36mo, 15K/yr. Add 2% for 12K/yr..

Typo... and, yes.... down 4% from last month.

xxjojoxx · January 2015

Hi Michael

What do you think of the following?

2015 X3 xDrive28i w/4500 miles (manager demo)

Navigation
Driver Assist Package

MSRP: $46,275
Selling: $39,400
Down Payment: $0
Term: 36 months
Monthly: $480
12k miles a year

Taxes and fees paid up front.

Thanks,
Joe

Michaell · January 2015

xxjojoxx said:
Hi Michael

What do you think of the following?

2015 X3 xDrive28i w/4500 miles (manager demo)

Navigation
Driver Assist Package

MSRP: $46,275
Selling: $39,400
Down Payment: $0
Term: 36 months
Monthly: $480
12k miles a year

Taxes and fees paid up front.

Thanks,
Joe

Looks good .. with the current .00131 MF and 52% residual for 36/12, I get a pre-tax payment of $509.16.

anandks · January 2015

hi..
what is the money factor and residual for Jan 2015 for a X3-2015, x28i, 12k miles/36 months as well as for 15k/36 months

kyfdx · January 2015

anandks said:
hi..
what is the money factor and residual for Jan 2015 for a X3-2015, x28i, 12k miles/36 months as well as for 15k/36 months

.00131 MF and 52%/50% residual

anandks · January 2015

what should be best sale price i should offer. I have to go out of state over 100 miles to get this car.
my in-state BMW is acting very very pricey (as they dont have the configuration, i am looking for in stock and have to order).

Metalic paint cost
Premium pke
cold weather
drivers assistance
x-line
lighting pkge
Navigation
all season mats
total coming to MSRP $51735. what do you think is a good buy price..

Michaell · January 2015

anandks said:
what should be best sale price i should offer. I have to go out of state over 100 miles to get this car.
my in-state BMW is acting very very pricey (as they dont have the configuration, i am looking for in stock and have to order).

Metalic paint cost
Premium pke
cold weather
drivers assistance
x-line
lighting pkge
Navigation
all season mats
total coming to MSRP $51735. what do you think is a good buy price..

X3's are pretty popular but start by asking for 5-7% off sticker and see what the dealer says. It's harder to negotiate a discount on an ordered unit, however.

dreamcast731 · January 2015

Hi Michaell,

I would like your opinion on my lease offer, thanks in advance!
Lease terms are 36 months / 10K miles, I live in the bay area of California.

MSRP: $51,450
Selling price: $48,125

CA tax: $4,341.06
Tire/Battery fee: $7
Tag/Reg Fee: $384
County Fee: $20
Electronic Filing: $29
Smog Abatement Fee: $20
Doc Fee: $80
Balance Due: $53,006.06

with $3,000 cash due: $754
with $5,000 cash due: $693
with $7,000 cash due: $632

Does this look right? I feel good about the selling price for bay area, but not sure about the payments. Thanks!

Michaell · January 2015

dreamcast731 said:
Hi Michaell,

I would like your opinion on my lease offer, thanks in advance!
Lease terms are 36 months / 10K miles, I live in the bay area of California.

MSRP: $51,450
Selling price: $48,125

CA tax: $4,341.06
Tire/Battery fee: $7
Tag/Reg Fee: $384
County Fee: $20
Electronic Filing: $29
Smog Abatement Fee: $20
Doc Fee: $80
Balance Due: $53,006.06

with $3,000 cash due: $754
with $5,000 cash due: $693
with $7,000 cash due: $632

Does this look right? I feel good about the selling price for bay area, but not sure about the payments. Thanks!

CA taxes the monthly payment, not the entire selling price, so your balance due number is incorrect. If I back out the tax, the new balance due becomes $48,665. Using the base MF of .00130 and the 36/10 residual of 53%, I calculate a pre-tax, $0 down payment of $693.06 Sales tax is then applied to that amount.

We don't recommend making any sort of down payment on a lease - if the car is stolen or totaled, you lose that money.

There will be some up front costs - acquisition fee ($795), first payment, etc. - but that isn't considered a down payment.

dreamcast731 · January 2015

Michaell said:

dreamcast731 said:
Hi Michaell,

I would like your opinion on my lease offer, thanks in advance!
Lease terms are 36 months / 10K miles, I live in the bay area of California.

MSRP: $51,450
Selling price: $48,125

CA tax: $4,341.06
Tire/Battery fee: $7
Tag/Reg Fee: $384
County Fee: $20
Electronic Filing: $29
Smog Abatement Fee: $20
Doc Fee: $80
Balance Due: $53,006.06

with $3,000 cash due: $754
with $5,000 cash due: $693
with $7,000 cash due: $632

Does this look right? I feel good about the selling price for bay area, but not sure about the payments. Thanks!

CA taxes the monthly payment, not the entire selling price, so your balance due number is incorrect. If I back out the tax, the new balance due becomes $48,665. Using the base MF of .00130 and the 36/10 residual of 53%, I calculate a pre-tax, $0 down payment of $693.06 Sales tax is then applied to that amount.

We don't recommend making any sort of down payment on a lease - if the car is stolen or totaled, you lose that money.

There will be some up front costs - acquisition fee ($795), first payment, etc. - but that isn't considered a down payment.

Thanks for the feedback Michaell! Any idea how the dealer came up with those payment amounts? Are they jacking up the MF? I emailed my sales at the dealer last night for a break down of the 3K/5K/7K cash due, but he hasn't got back to me yet. Does the $693 with $5,000 cash due makes sense to you? I just don't want to overpay, thanks Michaell!

kyfdx · January 2015

dreamcast731 said:

Michaell said:

dreamcast731 said:
Hi Michaell,

I would like your opinion on my lease offer, thanks in advance!
Lease terms are 36 months / 10K miles, I live in the bay area of California.

MSRP: $51,450
Selling price: $48,125

CA tax: $4,341.06
Tire/Battery fee: $7
Tag/Reg Fee: $384
County Fee: $20
Electronic Filing: $29
Smog Abatement Fee: $20
Doc Fee: $80
Balance Due: $53,006.06

with $3,000 cash due: $754
with $5,000 cash due: $693
with $7,000 cash due: $632

Does this look right? I feel good about the selling price for bay area, but not sure about the payments. Thanks!

CA taxes the monthly payment, not the entire selling price, so your balance due number is incorrect. If I back out the tax, the new balance due becomes $48,665. Using the base MF of .00130 and the 36/10 residual of 53%, I calculate a pre-tax, $0 down payment of $693.06 Sales tax is then applied to that amount.

We don't recommend making any sort of down payment on a lease - if the car is stolen or totaled, you lose that money.

There will be some up front costs - acquisition fee ($795), first payment, etc. - but that isn't considered a down payment.
Thanks for the feedback Michaell! Any idea how the dealer came up with those payment amounts? Are they jacking up the MF? I emailed my sales at the dealer last night for a break down of the 3K/5K/7K cash due, but he hasn't got back to me yet. Does the $693 with $5,000 cash due makes sense to you? I just don't want to overpay, thanks Michaell!

It's way too much.. They are definitely marking up money factors and the acquisition fee..

While they broke down the purchase price for you, when they switched to lease payments, they gave no details, whatsoever...

dreamcast731 · January 2015

Michaell said:

dreamcast731 said:
Hi Michaell,

I would like your opinion on my lease offer, thanks in advance!
Lease terms are 36 months / 10K miles, I live in the bay area of California.

MSRP: $51,450
Selling price: $48,125

CA tax: $4,341.06
Tire/Battery fee: $7
Tag/Reg Fee: $384
County Fee: $20
Electronic Filing: $29
Smog Abatement Fee: $20
Doc Fee: $80
Balance Due: $53,006.06

with $3,000 cash due: $754
with $5,000 cash due: $693
with $7,000 cash due: $632

Does this look right? I feel good about the selling price for bay area, but not sure about the payments. Thanks!

CA taxes the monthly payment, not the entire selling price, so your balance due number is incorrect. If I back out the tax, the new balance due becomes $48,665. Using the base MF of .00130 and the 36/10 residual of 53%, I calculate a pre-tax, $0 down payment of $693.06 Sales tax is then applied to that amount.

We don't recommend making any sort of down payment on a lease - if the car is stolen or totaled, you lose that money.

There will be some up front costs - acquisition fee ($795), first payment, etc. - but that isn't considered a down payment.

So this is what the sales told me:

"payment is include tax, and 3k is include first payment, DMV fees, and doc fees ."

Hmmm...... won't tell me how much the acquisition fee is....

What do you guys think, @kyfdx‌ @Michaell‌

Thanks for the feedbacks!

dreamcast731 · January 2015

kyfdx said:

dreamcast731 said:

Michaell said:

dreamcast731 said:
Hi Michaell,

I would like your opinion on my lease offer, thanks in advance!
Lease terms are 36 months / 10K miles, I live in the bay area of California.

MSRP: $51,450
Selling price: $48,125

CA tax: $4,341.06
Tire/Battery fee: $7
Tag/Reg Fee: $384
County Fee: $20
Electronic Filing: $29
Smog Abatement Fee: $20
Doc Fee: $80
Balance Due: $53,006.06

with $3,000 cash due: $754
with $5,000 cash due: $693
with $7,000 cash due: $632

Does this look right? I feel good about the selling price for bay area, but not sure about the payments. Thanks!

CA taxes the monthly payment, not the entire selling price, so your balance due number is incorrect. If I back out the tax, the new balance due becomes $48,665. Using the base MF of .00130 and the 36/10 residual of 53%, I calculate a pre-tax, $0 down payment of $693.06 Sales tax is then applied to that amount.

We don't recommend making any sort of down payment on a lease - if the car is stolen or totaled, you lose that money.

There will be some up front costs - acquisition fee ($795), first payment, etc. - but that isn't considered a down payment.
Thanks for the feedback Michaell! Any idea how the dealer came up with those payment amounts? Are they jacking up the MF? I emailed my sales at the dealer last night for a break down of the 3K/5K/7K cash due, but he hasn't got back to me yet. Does the $693 with $5,000 cash due makes sense to you? I just don't want to overpay, thanks Michaell!

It's way too much.. They are definitely marking up money factors and the acquisition fee..

While they broke down the purchase price for you, when they switched to lease payments, they gave no details, whatsoever...

Hi @kyfdx‌, @Michaell‌,

Got a quote from another dealer:

MSRP $51,450
Selling price $48,490
Term: 36 months / 10K miles
Located in CA, zip 94501

$3K Drive Off / $728 including tax @ 35 Months to go
$5K Drive Off / $668 including tax @ 35 Months to go
$7K Drive Off / $608 including tax @ 35 Months to go

Better? Fair? Thanks for the feedback!

kyfdx · January 2015

dreamcast731 said:

kyfdx said:

dreamcast731 said:

Michaell said:

dreamcast731 said:
Hi Michaell,

I would like your opinion on my lease offer, thanks in advance!
Lease terms are 36 months / 10K miles, I live in the bay area of California.

MSRP: $51,450
Selling price: $48,125

CA tax: $4,341.06
Tire/Battery fee: $7
Tag/Reg Fee: $384
County Fee: $20
Electronic Filing: $29
Smog Abatement Fee: $20
Doc Fee: $80
Balance Due: $53,006.06

with $3,000 cash due: $754
with $5,000 cash due: $693
with $7,000 cash due: $632

Does this look right? I feel good about the selling price for bay area, but not sure about the payments. Thanks!

CA taxes the monthly payment, not the entire selling price, so your balance due number is incorrect. If I back out the tax, the new balance due becomes $48,665. Using the base MF of .00130 and the 36/10 residual of 53%, I calculate a pre-tax, $0 down payment of $693.06 Sales tax is then applied to that amount.

We don't recommend making any sort of down payment on a lease - if the car is stolen or totaled, you lose that money.

There will be some up front costs - acquisition fee ($795), first payment, etc. - but that isn't considered a down payment.
Thanks for the feedback Michaell! Any idea how the dealer came up with those payment amounts? Are they jacking up the MF? I emailed my sales at the dealer last night for a break down of the 3K/5K/7K cash due, but he hasn't got back to me yet. Does the $693 with $5,000 cash due makes sense to you? I just don't want to overpay, thanks Michaell!

It's way too much.. They are definitely marking up money factors and the acquisition fee..

While they broke down the purchase price for you, when they switched to lease payments, they gave no details, whatsoever...
Hi @kyfdx‌, @Michaell‌,

Got a quote from another dealer:

MSRP $51,450
Selling price $48,490
Term: 36 months / 10K miles
Located in CA, zip 94501

$3K Drive Off / $728 including tax @ 35 Months to go
$5K Drive Off / $668 including tax @ 35 Months to go
$7K Drive Off / $608 including tax @ 35 Months to go

Better? Fair? Thanks for the feedback!

Lower is always better..

But, you need details..
Net CAP cost (with a breakdown of how you get from the selling price to this number)
Money factor
Residual percentage
Stick to $3000 due at signing, so you can focus on the important numbers.

If the dealer isn't forthcoming with this basic information, it's time to move on to another dealer.

stekicar · January 2015

Michaell,

What would be a good lease offer for the following:
X3 2015 model
MSRP: $43850 (has Cold weather package only)
Sell price $41880
15k miles and 36 months lease
I live in Michigan.

What lease numbers would look like?

Thank you!

kyfdx · January 2015

stekicar said:
Michaell,

What would be a good lease offer for the following:
X3 2015 model
MSRP: $43850 (has Cold weather package only)
Sell price $41880
15k miles and 36 months lease
I live in Michigan.

What lease numbers would look like?

Thank you!

.00130 MF and 50% residual.

$637/mo.+tax with 1st payment and fees due at signing..

The current X3 program is terrible.. Makes an Audi Q5 look reasonable (which is rare)

stekicar · January 2015

Michaell,

How do you come up with these numbers? Can you give us an example? My numbers come as 699.99 with 6% tax. I like your numbers more ;-) !

Thank you!

Michaell · January 2015

stekicar said:
Michaell,

How do you come up with these numbers? Can you give us an example? My numbers come as 699.99 with 6% tax. I like your numbers more ;-) !

Thank you!

Lots of lease calculators on the web .. my co-host and I have built our own spreadsheets that we use.

stekicar · January 2015

Michaell said:

stekicar said:
Michaell,

How do you come up with these numbers? Can you give us an example? My numbers come as 699.99 with 6% tax. I like your numbers more ;-) !

Thank you!
Lots of lease calculators on the web .. my co-host and I have built our own spreadsheets that we use.

I also made my own excell calculations based on information from the web. I know I have to tweak a little bit my calculation so it performs more accuratelly. As I said before, my calculation show $699.99 lease payment, although dealer asked for $715.50 but she agreed to come down to $699.99. Now, your calculations show $675.22 (637.00+6% tax). I just need to verify that your calculations are valid enough before I talk to dealer again. ;-) Also, other dealer had MF set to 0.0017 (4.08%) instead of 0.0013 (3.12%) and now I will have to talk to him about this.

Thank you!

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