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View Full Version : New X3 lease rates released today


TexRob
11-01-2006, 03:27 PM
5 basis points lower, which comes out to about 1.5% if you're converting it to a standard APR.

Pretty sweet, we're finally getting my wife's next Thursday morning :)

jd101
11-01-2006, 03:56 PM
Yep, the new money factor dropped to .0015 for a 36-month lease.

3lionsCT
11-01-2006, 06:21 PM
Guys

Where are you getting these numbers? Can you post the URL?

What residuals are they using on 36 month 10K year? I ordered mine yesterday bu tthe dealer said they would honor better rates

jd101
11-01-2006, 07:14 PM
My dealer emailed me about the new MF for my upcoming lease. Sorry, I don't have any other info to share.

TexRob
11-01-2006, 07:19 PM
Guys

Where are you getting these numbers? Can you post the URL?

What residuals are they using on 36 month 10K year? I ordered mine yesterday bu tthe dealer said they would honor better rates

I don't know specifics. My dad is a salesman, and we are picking up my wife's 2007 X3 next Thursday, so he called and told me today.

3lionsCT
11-02-2006, 09:39 AM
Just spoke to my dealer. MF on X3 3 year 10K is down to 0.00150 68% residual. Just made my already sweet deal $1200 better! Thank you BMW:)

tdbrph
11-02-2006, 05:34 PM
How bout MF / Residual on 24mo/10k ?

Thanks

Triston

chuck92103
11-02-2006, 05:41 PM
Yep, the new money factor dropped to .0015 for a 36-month lease.

.0015 x 2400 is 3.8% APR correct? Not 1.5%.

parnell
11-02-2006, 11:35 PM
Wow - thats about as low as they go, right?

sfca-325i
11-03-2006, 09:19 AM
.0015 x 2400 is 3.8% APR correct? Not 1.5%.

.0015 x 2400 = 3.6%?

but, I agree with you. The equivalent APR is not 1.5%.

lilskel
11-03-2006, 06:28 PM
I know about the 2400 multiplication but how does that in any way translate into an APR!?

You are paying the MF on the cap cost + residual which is a lot higher than if you were financing on cap (sales) cost alone

chuck92103
11-03-2006, 06:44 PM
I know about the 2400 multiplication but how does that in any way translate into an APR!?

You are paying the MF on the cap cost + residual which is a lot higher than if you were financing on cap (sales) cost alone

People just want to know what the APR is on a lease. MF needs to be multiplied out so you know what the money is costing you. That is all we were saying. A lease is a loan like anything else with an APR attached although the dealers are not required to disclose it.

05Boxster
11-04-2006, 07:21 AM
It is 3.6%, just ran the numbers through the lease calculator which gives both figures

lilskel
11-04-2006, 10:00 AM
I still don't believe that this calculation means anything...

On my 24mo lease at $39985 cap cost, $34550 residual, .0015MF my payments would be $361.94 and total interest being $2683.26. Total taxes on the monthly payments being $568.32. Together $3251.58

On a 24mo $39985 auto loan at 3.6%, payments would be $1729.24 and total interest over the loan would total $1516.65. Total taxes would be 7% of full price = $2798.95. Together $4315.60

So please explain how a 24mo loan at 3.6% has less total interest than a 24mo lease at .0015 if that .0015MF supposedly equals a 3.6% APR???

05Boxster
11-04-2006, 11:16 AM
First of all, it IS 3.6%, not supposedly, just wanted to clear that up.

The difference is that the loan is amortized over 24 months, meaning that the interest part of your payment gets lower and lower and the principal part gets higher and higher as a percentage of the payment until you pay off the loan and there is no interest or principal left to pay. On the lease the interest and "principal" figures are stable through each and every payment, resulting in a higher end of lease interest figure. That's why they call it a money factor and not just a rate.

You're comparing apples to oranges with leases and loans........

jdeday
11-05-2006, 03:14 PM
How bout MF / Residual on 36mo/15k ?

NateXTR
11-06-2006, 07:46 PM
How bout MF / Residual on 36mo/15k ?

+1:thumbup:

Chriztofor
11-08-2006, 02:34 PM
5 basis points lower, which comes out to about 1.5% if you're converting it to a standard APR.

Pretty sweet, we're finally getting my wife's next Thursday morning :)

On bmwusa's website the numbers are as follows:

$369*/month for 36 months


$369 First month's payment
$2,500 Down payment
$400 Security deposit
$3,269 Cash due at signing


http://www.bmwusa.com/vehicles/X3/30...=4&duration=36

Adamn1
11-08-2006, 03:24 PM
How bout MF / Residual on 24mo/10k ?

Thanks

Triston

The money factor is 0.00150 still, most dealers mark it a point = 0.00040 and then if you don't pay for a security deposit you have a rate adder of .00015. If you are an existing customer you will get the security deposit waived (and the adder)

The residual value is 78% for 10k a year.

HTH

NateXTR
11-08-2006, 08:02 PM
The money factor is 0.00150 still, most dealers mark it a point = 0.00040 and then if you don't pay for a security deposit you have a rate adder of .00015. If you are an existing customer you will get the security deposit waived (and the adder)

The residual value is 78% for 10k a year.

HTH


Thanks! This is great info, and quite helpful.