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      12-03-2012, 12:28 PM   #1
perlman007
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X3 2.8i Lease

I am thinking about pulling the trigger on a lease for a 2013 X3 2.8i with PCD. Can anyone advise on how good a deal this is? I want to make sure it is fair for both me and the CA.

X3 2.8i: Space Gray, Sand Beige, Fineline Sienna Wood, Cold Weather, Convenience Package, Premium Package, Sport Activity Package, Technology Package, Premium Sound
36 month, 12K/year lease in VA
7 multiple security deposits (or the max possible)
Owner loyalty, BMW App, Holiday Cash, and USAA discounts
$0 down, $3850 due at signing to include the MSD
MSRP on my end looks to be $50,695
Selling price after discounts is $47,150
7 MSD, for a money factor of .00076, residual of 58%

Total monthly payment of $552. I am waiting to hear back from another dealer which might be slightly better. What do you guys think?
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      12-03-2012, 01:06 PM   #2
perlman007
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I actually just got another quote:

$50,695.00 MSRP
$47,025.00 Invoice
**** BMW Config lists Invoice as $46,785 so I am checking on the difference

$47,025.00
$200.00 Processing Fee
$1416.60 Va Sales Tax 3.0%
$142.50 Tags and Title
$48,787.10 Capital Cost before incentives

Leasing through BMW Financial, 36 months/36k miles, Zero Down, 7 Security Deposits, $2750 in incentives applied
**** There should be another $300 from the App that I think comes back as a credit on the first payment?

$541.51/month with $3850 MSD and $541.51 (1st payment) due at delivery

$16,000 for 2007 BMW 328xi Coupe CPO
**** Seems low to me, but they aren't budging

Money Factor of .00076 and Residual of 58%
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      12-03-2012, 02:11 PM   #3
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are you trading in your car, to lease x3?
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      12-03-2012, 03:51 PM   #4
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Yep, either trading in the coupe or selling it. Right now the dealers are offering $16K, which seems low. I can keep it until PCD in Jan (as long as miles are under 70K total), which gives some time to find some alternative quotes.

I have actually never sold a car private party before, it is definitely more of a hassle.
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      12-03-2012, 04:05 PM   #5
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Originally Posted by perlman007 View Post
I am thinking about pulling the trigger on a lease for a 2013 X3 2.8i with PCD. Can anyone advise on how good a deal this is? I want to make sure it is fair for both me and the CA.

X3 2.8i: Space Gray, Sand Beige, Fineline Sienna Wood, Cold Weather, Convenience Package, Premium Package, Sport Activity Package, Technology Package, Premium Sound
36 month, 12K/year lease in VA
7 multiple security deposits (or the max possible)
Owner loyalty, BMW App, Holiday Cash, and USAA discounts
$0 down, $3850 due at signing to include the MSD
MSRP on my end looks to be $50,695
Selling price after discounts is $47,150
7 MSD, for a money factor of .00076, residual of 58%

Total monthly payment of $552. I am waiting to hear back from another dealer which might be slightly better. What do you guys think?
What is BMW App discount?
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      12-03-2012, 04:22 PM   #6
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What is BMW App discount?
If you are a current BMW FS customer - you can download a BMW Drive application, schedule a test-drive, and you will get a voucher for up to $750 towards a financing or a lease of a new BMW. This can be used in addition to loyalty rebate.
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      12-04-2012, 10:27 AM   #7
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i would never trade in a car for a lease option. your pretty much on the losing side and giving them a car for nothing smh.

keep the car and lease the x3 or trade in the car and finance the x3

u can even sell the car and have $16gs in ur pocket with new x3 lease.
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      12-04-2012, 11:28 AM   #8
perlman007
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i would never trade in a car for a lease option. your pretty much on the losing side and giving them a car for nothing smh.

keep the car and lease the x3 or trade in the car and finance the x3

u can even sell the car and have $16gs in ur pocket with new x3 lease.
I agree, mostly. I probably wasn't clear on what is going on. The '07 328xi is a CPO vehicle that I still owe $14K on. As it is 6 years old and 70K miles, I figure that in the remaining two years of payments something is going to go wrong.

BMW is offering $16K Cash (net $2K) for the car. I will not be rolling it into the lease, but putting it into my pocket.

As the lease payments for the 36 months on the X3 are actually $30/month lower, I figure that I am driving a new car, facing $0 maintenance, and maybe paying a small premium.

At the end of 3 years, I would own the 328xi outright (1 year with no payments), it is probably worth about $10K at that point, but also figure about $2K in annual maintenance. That means over 3 years I would get a net $6K from the car.

For the lease, I get $2K from the 328xi now, and then pay about $6K the third year (when I would have no payments on the 328xi). So effectively I am paying $4K to drive the new car for a few years.

Also, the coupe is getting too small... and has a few things (like slightly bent rims and rock chips) that are driving me crazy. I know I am paying a premium to drive something new/nice, but also taking out the risk of bigger mechanical needs.
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      12-04-2012, 12:34 PM   #9
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i see your point, in ur case ur better of trading it in then
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