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2015 BMW X3 Lease Questions

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Comments

  • MichaellMichaell ColoradoPosts: 118,302
    jtjkw said:


    Am I getting a good deal? 2015 x3 lease in NJ - picking it up tomorrow

    2015 BMW X3
    MSRP - $49,250
    Negotiated price to $45,300
    --------
    36months/15K
    --------
    MONTHLY LEASE PAYMENT $592
    --------
    MF .00129
    Residual 55% of MSRP = $27,087
    $3,958.17 UPFRONT (includes 7% NJ Tax $1790.53, .004 luxury tax, bank fee $895, doc, reg,etc. $688.42, first month's payment $592)
    ---------
    Does this deal make sense? I'm interested in knowing if the monthly payment is correct. I'm also interested in the upfront costs of $3,958.17. It seems to make sense but I'd love someone to double check. I also asked if I could pay multiple security deposits and they said the would do it but haven't gone through that yet. Was hoping to put 6 MSD at .00007 reduction each.

    As it stands, I'm getting a payment of $599.28/mo with your numbers. With 6 MSDs, the payment drops to $568.88.

    Bank fee is marked up $100, but the dealer is using the base MF. I don't see any issues with the up front costs, given that you are paying the entire tax bill.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • jtjkwjtjkw Posts: 5
    Thank you so much! This forum was invaluable. I was able to catch a few things that I would have never known: first offer was a money factor of .00149. Of course when I challenged it they said it would depend on my credit rating. I ended up getting the .00129 but probably wouldn't have known to question it otherwise. I also payed 6 MSDs and got the $568 payment. The sales guy did try to say that the new payment was based on 7 MSDs but I *think* that was an honest mistake because he didn't realize that the finance guy only ran the numbers based on 6. All in all it was a great experience and appreciate the help! My advice for newbies (to leasing) is to print out the long calculation sheets. This is where you calculate out everything by hand from depreciation amounts, to rent charge, to tax. It takes a few times to get the hang of it but I was able to calculate exact payment (all in) before I went to dealer. I'll see if I can find the link for this form and post it. Thanks again!!
  • MichaellMichaell ColoradoPosts: 118,302
    jtjkw said:

    Thank you so much! This forum was invaluable. I was able to catch a few things that I would have never known: first offer was a money factor of .00149. Of course when I challenged it they said it would depend on my credit rating. I ended up getting the .00129 but probably wouldn't have known to question it otherwise. I also payed 6 MSDs and got the $568 payment. The sales guy did try to say that the new payment was based on 7 MSDs but I *think* that was an honest mistake because he didn't realize that the finance guy only ran the numbers based on 6. All in all it was a great experience and appreciate the help! My advice for newbies (to leasing) is to print out the long calculation sheets. This is where you calculate out everything by hand from depreciation amounts, to rent charge, to tax. It takes a few times to get the hang of it but I was able to calculate exact payment (all in) before I went to dealer. I'll see if I can find the link for this form and post it. Thanks again!!

    Congratulations - enjoy the new BMW!

    Thanks for checking back in with us.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • rujorujo Posts: 137
    When will we know the lease numbers for the 2016 X3? I'm looking to order one for the April build - will there be MF and residual info so I can do that? Thanks!
  • MichaellMichaell ColoradoPosts: 118,302
    rujo said:
    When will we know the lease numbers for the 2016 X3? I'm looking to order one for the April build - will there be MF and residual info so I can do that? Thanks!
    Perhaps when the April numbers are released next week...

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • rujorujo Posts: 137
    It's been a while since I've leased - The MSRP that the residual is calculated from includes the destination charge, correct? Thanks.
  • rujorujo Posts: 137
    rujo said:

    It's been a while since I've leased - The MSRP that the residual is calculated from includes the destination charge, correct? Thanks.

    Never mind - I now realize it does!
  • MichaellMichaell ColoradoPosts: 118,302
    rujo said:

    rujo said:

    It's been a while since I've leased - The MSRP that the residual is calculated from includes the destination charge, correct? Thanks.

    Never mind - I now realize it does!
    Yes, the bottom line number on the window sticker is used to calculate the residual.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • rujorujo Posts: 137
    Well, I guess I won't ever be leasing a vehicle from Stevens Creek BMW in Santa Clara CA. A friend ordered an X3 there today, negotiating a very satisfactory selling price. He was interested in leasing - dealer presents numbers - whoa, MF marked up from .00129 to .00170 and acquisition fee from $795 to $995. Dealer person stated it was corporate policy of the Sonic Automotive Dealership group and could not be changed.

    So - no lease! My friend will likely do one of the low-rate finance programs from BMWFS, or may even use external financing. For me, my next car will be leased - but obviously not from SC BMW.
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    rujo said:

    Well, I guess I won't ever be leasing a vehicle from Stevens Creek BMW in Santa Clara CA. A friend ordered an X3 there today, negotiating a very satisfactory selling price. He was interested in leasing - dealer presents numbers - whoa, MF marked up from .00129 to .00170 and acquisition fee from $795 to $995. Dealer person stated it was corporate policy of the Sonic Automotive Dealership group and could not be changed.

    So - no lease! My friend will likely do one of the low-rate finance programs from BMWFS, or may even use external financing. For me, my next car will be leased - but obviously not from SC BMW.

    That is more typical, than not..

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • wco81wco81 Posts: 579
    Is this model going to be on a new platform soon?

    How is the MF relative to the the 3-series sedans?

    Is European Delivery available for the X3?
  • MichaellMichaell ColoradoPosts: 118,302
    wco81 said:

    Is this model going to be on a new platform soon?

    How is the MF relative to the the 3-series sedans?

    Is European Delivery available for the X3?

    Don't know anything about a new model.

    All BMW MF are .00130 this month.

    The X3 is manufactured in South Carolina - you can arrange for delivery there.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • stekicarstekicar Posts: 31
    What is the residual percentage for X3 X28i for 15k/36m this month? Is it 55%? I live in MI.
  • MichaellMichaell ColoradoPosts: 118,302
    stekicar said:

    What is the residual percentage for X3 X28i for 15k/36m this month? Is it 55%? I live in MI.

    Yes .. and .00130 MF

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hello! Can you please provide the april money factor and residual on a 2015 x3 xdrive 28i;

    36/10K
    36/7.5K
  • MichaellMichaell ColoradoPosts: 118,302

    Hello! Can you please provide the april money factor and residual on a 2015 x3 xdrive 28i;

    36/10K
    36/7.5K

    .00130 and 58% / 59%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • annu6annu6 Posts: 10
    Hi,
    This is a very helpful and educational forum I must say.
    Here is my situation - my existing car lease(not BMW) expires end of June. Wondering if I should go for 2015 X3 or wait for 2016 X3. My preference is saving money leasing 2015 for lower cap cost. However, how much of ball park cap cost difference I should be looking for between 2015 vs 2016 X3. I understand my choices for 2015 will be diminishing if I wait too long.
    Would appreciate your thoughts or any other ideas are welcome.
  • MichaellMichaell ColoradoPosts: 118,302
    annu6 said:

    Hi,
    This is a very helpful and educational forum I must say.
    Here is my situation - my existing car lease(not BMW) expires end of June. Wondering if I should go for 2015 X3 or wait for 2016 X3. My preference is saving money leasing 2015 for lower cap cost. However, how much of ball park cap cost difference I should be looking for between 2015 vs 2016 X3. I understand my choices for 2015 will be diminishing if I wait too long.
    Would appreciate your thoughts or any other ideas are welcome.

    I think you've identified the major issues .. better pricing vs. limited availability. If' I'm looking to lease a $40K+ CUV, I think I'd want to get exactly what I want rather than take what's on the dealer's lot. But, that's me.

    Generally, getting 5-7% off sticker on a BMW is doing good.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • annu6annu6 Posts: 10
    edited April 2015
    Michaell said:

    annu6 said:

    Hi,
    This is a very helpful and educational forum I must say.
    Here is my situation - my existing car lease(not BMW) expires end of June. Wondering if I should go for 2015 X3 or wait for 2016 X3. My preference is saving money leasing 2015 for lower cap cost. However, how much of ball park cap cost difference I should be looking for between 2015 vs 2016 X3. I understand my choices for 2015 will be diminishing if I wait too long.
    Would appreciate your thoughts or any other ideas are welcome.

    I think you've identified the major issues .. better pricing vs. limited availability. If' I'm looking to lease a $40K+ CUV, I think I'd want to get exactly what I want rather than take what's on the dealer's lot. But, that's me.

    Generally, getting 5-7% off sticker on a BMW is doing good.
    Thanks for your reply. I assume 5-7% discount on 2015 model. Can the same discount be expected for 2016 let's say after couple of months. If yes, what would that do to 2015 discounts? Over 10%? (Of course, I have no basis for saying this). Just wanted to understand what kind of incentive/discounts dealers offer to move previous inventory.

  • MichaellMichaell ColoradoPosts: 118,302
    edited April 2015
    annu6 said:
    Hi, This is a very helpful and educational forum I must say. Here is my situation - my existing car lease(not BMW) expires end of June. Wondering if I should go for 2015 X3 or wait for 2016 X3. My preference is saving money leasing 2015 for lower cap cost. However, how much of ball park cap cost difference I should be looking for between 2015 vs 2016 X3. I understand my choices for 2015 will be diminishing if I wait too long. Would appreciate your thoughts or any other ideas are welcome.
    I think you've identified the major issues .. better pricing vs. limited availability. If' I'm looking to lease a $40K+ CUV, I think I'd want to get exactly what I want rather than take what's on the dealer's lot. But, that's me. Generally, getting 5-7% off sticker on a BMW is doing good.
    Thanks for your reply. I assume 5-7% discount on 2015 model. Can the same discount be expected for 2016 let's say after couple of months. If yes, what would that do to 2015 discounts? Over 10%? (Of course, I have no basis for saying this). Just wanted to understand what kind of incentive/discounts dealers offer to move previous inventory.
     It's hard to say what BMW will do with incentives once the 2016 models are available.  They might offer lease cash. 

     If you go back enough pages in this discussion, you might see some comments about discounts when the 2015 models were available and what that did to the 2014 pricing. 

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • rujorujo Posts: 137
    Michaell said:

    Hello! Can you please provide the april money factor and residual on a 2015 x3 xdrive 28i;

    36/10K
    36/7.5K

    .00130 and 58% / 59%
    Are these the residuals for a 2016 also?
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    rujo said:

    Michaell said:

    Hello! Can you please provide the april money factor and residual on a 2015 x3 xdrive 28i;

    36/10K
    36/7.5K

    .00130 and 58% / 59%
    Are these the residuals for a 2016 also?
    No

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • anh3anh3 Posts: 70
    are the numbers the same for all X3, in April?
  • MichaellMichaell ColoradoPosts: 118,302
    anh3 said:

    are the numbers the same for all X3, in April?

    All X3's are .00130 and 55% for 36/15 in April

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • The 2016's have arrived and the 2015's are essentially gone (at least in the configuration that I am interested in). Are the money factors and residuals out for the 2016 X3 xDrive28i? I am interested in 36/15 and 36/12. This would be in South Florida is location is a consideration. Thanks!
  • MichaellMichaell ColoradoPosts: 118,302

    The 2016's have arrived and the 2015's are essentially gone (at least in the configuration that I am interested in). Are the money factors and residuals out for the 2016 X3 xDrive28i? I am interested in 36/15 and 36/12. This would be in South Florida is location is a consideration. Thanks!

    No 2016 numbers from BMW yet. Perhaps next week when the May numbers are released...

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • jmcbmwjmcbmw Posts: 82
    Any help please is appreciated! Are May BMW X3 rates available yet? I made a deal on an X3 28d yesterday but it got too late for the dealer and myself so we couldn't sign off so he said come back tomorrow. Now I am wondering if I should try to put a deposit to hold the April lease deal until the May rates come out. They could be worse but there may also be some incentive as there are 2016's on the ground here in So. California already. This X3 has a couple of things I don't need (cold weather package for example) but doesn't have Xenons so am compromising as there are not many 2015's left. I would likely have to wait a while to order or get a 2016 exactly the way I wanted and with a decent discount or lease as they are so new.

    Here is an outline of the lease deal based on April rates.

    MSRP: $53,225
    Selling Price: $49,500 ( I had to really be tough to get this, which is why it got too late but they finally agreeed)

    Residual 55% for 36/15K $29274
    Money Factor: .00130 (3.12%)

    Payment: $664.24
    9% tax: $59.78

    Total payment: $724.02

    Total Drive off $2019.00 to include:
    1st payment-$724, DMV-$420, Bank Fee of $795 - this was like pulling teeth to get down from $995!) doc fee $80.

    How is this deal? I wouldn't normally do this but thinking of putting $2500 CAP reduction to get my payment to a more monthly digestible for my budget of $644 including Tax.

    Thanks!


  • jmcbmwjmcbmw Posts: 82
    PS: This is for 2015 X3 28d and also includes BMW all weather front/rear floor mats and cargo liner.
  • MichaellMichaell ColoradoPosts: 118,302
    jmcbmw said:

    Any help please is appreciated! Are May BMW X3 rates available yet? I made a deal on an X3 28d yesterday but it got too late for the dealer and myself so we couldn't sign off so he said come back tomorrow. Now I am wondering if I should try to put a deposit to hold the April lease deal until the May rates come out. They could be worse but there may also be some incentive as there are 2016's on the ground here in So. California already. This X3 has a couple of things I don't need (cold weather package for example) but doesn't have Xenons so am compromising as there are not many 2015's left. I would likely have to wait a while to order or get a 2016 exactly the way I wanted and with a decent discount or lease as they are so new.

    Here is an outline of the lease deal based on April rates.

    MSRP: $53,225
    Selling Price: $49,500 ( I had to really be tough to get this, which is why it got too late but they finally agreeed)

    Residual 55% for 36/15K $29274
    Money Factor: .00130 (3.12%)

    Payment: $664.24
    9% tax: $59.78

    Total payment: $724.02

    Total Drive off $2019.00 to include:
    1st payment-$724, DMV-$420, Bank Fee of $795 - this was like pulling teeth to get down from $995!) doc fee $80.

    How is this deal? I wouldn't normally do this but thinking of putting $2500 CAP reduction to get my payment to a more monthly digestible for my budget of $644 including Tax.

    Thanks!

    jmcbmw said:

    PS: This is for 2015 X3 28d and also includes BMW all weather front/rear floor mats and cargo liner.

    We have limited information on BMW so far ... 56% and .00129 for 36/10. With your MSRP and selling price, I get a payment of $708/mo for 36/10 with tax.

    We do not recommend making a cap cost reduction .. if the car is stolen or totaled you lose that money. Instead, consider MSD to buy down the money factor.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • jmcbmwjmcbmw Posts: 82
    Thank you
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