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X3 E83 (2004 - 2010)
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  #1  
Old 11-01-2006, 03:27 PM
TexRob TexRob is offline
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New X3 lease rates released today

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
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  #2  
Old 11-01-2006, 03:56 PM
jd101 jd101 is offline
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Yep, the new money factor dropped to .0015 for a 36-month lease.
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  #3  
Old 11-01-2006, 06:21 PM
3lionsCT 3lionsCT is offline
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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
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  #4  
Old 11-01-2006, 07:14 PM
jd101 jd101 is offline
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My dealer emailed me about the new MF for my upcoming lease. Sorry, I don't have any other info to share.
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  #5  
Old 11-01-2006, 07:19 PM
TexRob TexRob is offline
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Quote:
Originally Posted by 3lionsCT View Post
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.
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  #6  
Old 11-02-2006, 09:39 AM
3lionsCT 3lionsCT is offline
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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
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  #7  
Old 11-02-2006, 05:34 PM
tdbrph tdbrph is offline
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How bout MF / Residual on 24mo/10k ?

Thanks

Triston
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  #8  
Old 11-02-2006, 05:41 PM
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chuck92103 chuck92103 is offline
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Quote:
Originally Posted by jd101 View Post
Yep, the new money factor dropped to .0015 for a 36-month lease.
.0015 x 2400 is 3.8% APR correct? Not 1.5%.
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  #9  
Old 11-02-2006, 11:35 PM
parnell parnell is offline
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Wow - thats about as low as they go, right?
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  #10  
Old 11-03-2006, 09:19 AM
sfca-325i sfca-325i is offline
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Quote:
Originally Posted by chuck92103 View Post
.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%.
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  #11  
Old 11-03-2006, 06:28 PM
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lilskel lilskel is offline
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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
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  #12  
Old 11-03-2006, 06:44 PM
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chuck92103 chuck92103 is offline
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Quote:
Originally Posted by lilskel View Post
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.
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  #13  
Old 11-04-2006, 07:21 AM
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05Boxster 05Boxster is offline
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It is 3.6%, just ran the numbers through the lease calculator which gives both figures
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  #14  
Old 11-04-2006, 10:00 AM
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lilskel lilskel is offline
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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???
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  #15  
Old 11-04-2006, 11:16 AM
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05Boxster 05Boxster is offline
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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........
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  #16  
Old 11-05-2006, 03:14 PM
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How bout MF / Residual on 36mo/15k ?
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  #17  
Old 11-06-2006, 07:46 PM
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NateXTR NateXTR is offline
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Quote:
Originally Posted by jdeday View Post
How bout MF / Residual on 36mo/15k ?
+1
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  #18  
Old 11-08-2006, 02:34 PM
Chriztofor Chriztofor is offline
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Is this in line with BMWUSA's website?

Quote:
Originally Posted by Rob Nance View Post
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
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  #19  
Old 11-08-2006, 03:24 PM
Adamn1 Adamn1 is offline
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Quote:
Originally Posted by tdbrph View Post
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
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  #20  
Old 11-08-2006, 08:02 PM
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NateXTR NateXTR is offline
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Quote:
Originally Posted by Adamn1 View Post
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.
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