12-03-2012, 11:28 AM | #1 |
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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? |
12-03-2012, 12:06 PM | #2 |
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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, 01:11 PM | #3 |
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are you trading in your car, to lease x3?
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12-03-2012, 02:51 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, 03:05 PM | #5 | |
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12-03-2012, 03:22 PM | #6 |
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12-04-2012, 09:27 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, 10:28 AM | #8 | |
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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, 11:34 AM | #9 |
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i see your point, in ur case ur better of trading it in then
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