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2019 BMW X3 Lease Deals and Prices
deutschland1
Member Posts: 8
Please evaluate the following lease and dealer discount for a new 2019 X3 S drive 30i for 36 months and 30,000 miles. I am told it is calculated on MF-.00166 with 59% depreciation and $2000 rebate applied. I am in Los Angeles. Mfg sticker price is $55,195. First time lease so I need your thoughts on where I could save money.
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Comments
$5100 discount is good.
Fees are normal for CA
Not much else you can do, except to ask for a lower price, though that seems unlikely (can't hurt to try).
I think I'd roll the $925 acquisition fee into the lease.
That will drop the upfront by $1000, and add about $29/mo. to the payment.
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MSRP: $66370
Sale Price: $59515 (discount and $1500 rebate applied for loyalty and Costco)
MF: .00166 marked up to .00206
Residual: 56%
Doc fee: $689
Taxes: $977
$2000 drive off $875 per month
A good comparison is the deal just above.
Same discount as yours, on a unit that is $10K lower MSRP.
And, no markup to the rate. (and, only $80 doc fee in CA)
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Based on the numbers here are the calculations right? I know they are getting me on the money factor but what about the other numbers?
Your up front money isn't enough to cover tax, doc fee (shew), $925 acquisition fee and first payment. Plus, you'll have DMV fees. So, the excess gets rolled into the CAP cost.
Frankly, your taxes look low. I would think they would be closer to $2000.
The marked up money factor adds $43/mo.
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It's $2361 due at signing, not $2000.
Your tax is $2200, not $977
With those figures, they are using .00189 as the money factor, not .00206.
So, the money factor markup is just $23/mo.
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Could ask the dealer for the base MF.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
CA: 90254
2019 BMW X3
12k miles per year
36 mos.
8.5% off MSRP - good
The math checks out.
I wouldn't give them the $2200 up front - just first payment and DMV costs. You'll have a higher payment, but less out of pocket. And, no risk of losing that money
I'd also want to get the breakdown of the almost $2500 in drive off costs. Could be some junk hiding in there.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
MF: .000176 (4.22%)
36 months
Residual %: 59%
Yearly Mileage: 15,000
MSRP: 54,590
Discount: $1,639 (3%) & 1,000 additional = $2,639 total.
Adjusted Price: $51,951
Additional Items: Permaplate, P/P Wheel Protection, P/P Paintless Dent Repair, Door Edege Guard & WIndow Tint add $1,399
Total Purchase: $53,350.00
Dealer Doc: $689.50
Tax: $387.78
Title Fee: 16.50
Acquisition fee: $925.00
Down payment: $17,000
Estimated payment: $379.00
Questions for you guys: Negotiation Points for me: MF is too high. Shoot for .00166 (3.98%), have them include Additional Items. Shoot for 8-10% off of MSRP discount?
Thanks for the help.
But, the 36/15 residual is 56%, not 59%
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SDrive30i 4dr 4x2 mSport
MF: .00166
36 months
Residual %: 56%
Yearly Mileage: 15,000
MSRP: 54,590
Discount: $2,799 & 1,000 additional = $4,799 total. Roughly 7% off MSRP
Adjusted Price: $50,791
I was able to negotiate the additional items to be included in the adjusted price: Value is $1,399.
Additional Items: Permaplate, P/P Wheel Protection, P/P Paintless Dent Repair, Door Edege Guard & WIndow Tint
Total Purchase: $51,752.00
Dealer Doc: $689.50
Tax: $344.09
Title Fee: 16.50
Acquisition fee: $925.00
Down payment: $15,000
Estimated payment: $361.00
How does this one look?
And, $2799 + $1000 is $3799; is there an additional $1000 discount you didn't mention?
Why would you put $15,000 down on a lease?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$1500 loyalty
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They gave a purchase option sheet with lease options for 36/10 with only first months payment (642.23 and doc fees which comes to me 1462.92 for inception. I asked them how they got to that payment and they were vague about it and said I was getting base mf plus loyalty of $1500. I live in north Florida but this is a AL dealer so I think tax is 6% where I live. I realize this is not the format but could you please help?? The payment of 642.23 seems very high especially being a loaner as well. Thanks guys
2019 X3 30si 10/36 Service Loaner 3k miles
Msrp 48,995
Special Price 41,500 ( they said loyalty is included in price above
Loyalty 1,500
Residual 60% = 28,134.55
MF .000182
Tax= 6% FL
negative equity = 2,510 for trade
Doc fee - 599.00
Payment - 642.23 - O down only first months payment and doc fee due at inception $1,464.92
This payment seems high for the price of this loaner! Please advise and even though I have negative equity of $2,510 with loyalty and low cap cost I figured I could get around $580 per month or cheaper! Thanks so much!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
36/10K
That's an average deal.
Do you have the adjusted CAP cost?
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I'd look for another $1500 off.
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That adds $30/mo. to your payment
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That, more than anything, will drive down your payment.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$669/mo, plus tax.
Again, get the CAP cost and MF used for the dealer quote.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Make, Model, and Trim: BMW X3 xDrive30i
Months/Annual Mileage: 36/12
Zip Code: 37174
Residual:?
MF:?
Incentives:?
Independent banks can't compete with BMWFS lease programs
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No lease incentives
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