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X3 F25 (2011 - current)
The latest X3 brings added style and new features to the BMW's mid-sized SUV. Talk about the BMW F25 X3 with other X3 owners now!

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  #1  
Old 05-26-2016, 01:38 PM
Loulabelle Loulabelle is offline
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Location: Tampa
 
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Mein Auto: 2013 528i
2017 X3 xdrive 28i lease IS THIS A GOOD DEAL????

I am negotiating a lease (I am returning a BMW lease)
2017 X3 xdrive 28i
I was emailed the following from the sales rep
MSRP 49,095.00
12,000/36
Residual 60%
MF .00158
Deducted 3500.00 lease credit and a 500.00 USAA credit.
Selling price 43,590.24.
There is $5504.76 off the MSRP. $4000.00 is the incentives. I'm guessing the 1504.24 is the discount off the MSRP?
995.00 up front (includes first pymt of 597.00)
Payments 597.00 including tax for 36 months
I wrote back and asked for MF .000130.
The response was the buy rate was .00138 and they would lower to .00138 but said they made a mistake on the residual and should be 52% but since it was their error, they would keep my payments the same! Can BMWFS come back to me for higher payments once the lease is signed?
is this a good deal?
My return lease is being handled totally separate from the new lease.

Last edited by Loulabelle; 05-26-2016 at 03:31 PM. Reason: Additional info
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  #2  
Old 05-26-2016, 06:46 PM
chloe92us chloe92us is online now
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Location: SW Florida
 
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Posts: 48
Mein Auto: '13 X3 28iX
You should be closer to $528 incl 7% tax, and I'm assuming a $799 dealer fee. What dealership are you working with? I'm surprised they were so upfront about the MF....all the local dealers near me wouldn't come off the max markup, so consider yourself lucky there. But they're padding it somewhere still.

I personally would offer them $1000 over invoice BEFORE the incentives & credits are applied. $1000 is generous, in my opinion.
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Present: '13 X3 28ix, Alpine / Chestnut, EDC & DHP, sport activity pkg, convenience pkg, PDC, backup cam & premium sound
Past: '01 525i wagon, '00 323i wagon, '96 328i sedan, '88 M3 coupe (my brother's that I adopted for a while), '86 325i sedan

Last edited by chloe92us; 05-26-2016 at 06:48 PM.
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  #3  
Old 05-27-2016, 02:46 AM
Loulabelle Loulabelle is offline
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Location: Tampa
 
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Mein Auto: 2013 528i
Thank you for responding.
Florida lease tax is 6%
Regarding the MF, I did my research amd told them .00130 would be acceptable, they came back at .00138.
Late yesterday, I was given new numbers
MSRP 49,095
5042.71 off MSRP and then the 3500 incentive deducted giving a selling price of
40,552.29
12/36 with residual of 52%, which initially they quoted RV at 60%.
Payments of 597 including tax.
I am using a lease calculator and the payments should be much higher but I was told since they made the mistake on the RV %, they would honor the monthly payment.
My question is at this point, can BMWFS come back to me for higher payments once they review the deal?
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  #4  
Old 05-27-2016, 05:44 AM
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BatteryPowered BatteryPowered is offline
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Location: East Coast
 
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Mein Auto: '16 X3 2.8 xdrive
No one can come back after you once you signed the lease papers, since it is a binding contract. As for your monthly payment, it is on high side. I just leased comparable 2016 X3 for over $100 less a month, I did use MSD (Multiple Security Deposit) to lower the payment.
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  #5  
Old 05-27-2016, 07:32 AM
mde83 mde83 is offline
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Wait a minute. 52% residual on a 3 year/12k lease? That cannot be right can it? Are residuals that bad on the 2017's right now? The other numbers look very good. Except you did not break down your drive offs. 00138 is as low as they can go on the MF unless you do MSD's

I know the vehicle you are looking at is a 2017. But my 2016 35i MSRP was close to $54k, $3600 in drive offs and a payment of $596 (I did MSD's too). There were only $2000 in incentives in that deal if I remember correctly.
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2016 X3 XDrive35i, Alpine White, Saddle Brown, Premium, Technology and Driver Assistance packages (Took Delivery 1/29/2016)
2013 535i, Alpine White, Cinnamon, MSport, Premium, Technology and Driver Assistance packages (retired - Lease turn-in 1/29/2016)

Last edited by mde83; 05-27-2016 at 07:35 AM.
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  #6  
Old 05-27-2016, 08:04 AM
chloe92us chloe92us is online now
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Mein Auto: '13 X3 28iX
Everything sounds good except for the residual- this sounds really low.

Ask this question on the "ask a dealer" section of this site to find out what the current residual is for a 2017 x3. You'll get an answer pretty quickly from an insider.
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Present: '13 X3 28ix, Alpine / Chestnut, EDC & DHP, sport activity pkg, convenience pkg, PDC, backup cam & premium sound
Past: '01 525i wagon, '00 323i wagon, '96 328i sedan, '88 M3 coupe (my brother's that I adopted for a while), '86 325i sedan
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  #7  
Old 05-28-2016, 06:10 AM
Loulabelle Loulabelle is offline
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How do you determine the invoice price?
I have posted question on ask a dealer regarding the residual, awaiting response
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  #8  
Old 05-28-2016, 06:44 AM
chloe92us chloe92us is online now
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Quote:
Originally Posted by Loulabelle View Post
How do you determine the invoice price?
I use edmunds.com to get close. There are threads on this forum too with an exact calculator. I have read here that if the MSRP is multiplied by .93 that will get you close.
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Present: '13 X3 28ix, Alpine / Chestnut, EDC & DHP, sport activity pkg, convenience pkg, PDC, backup cam & premium sound
Past: '01 525i wagon, '00 323i wagon, '96 328i sedan, '88 M3 coupe (my brother's that I adopted for a while), '86 325i sedan
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  #9  
Old 05-28-2016, 10:40 AM
Loulabelle Loulabelle is offline
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Location: Tampa
 
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Mein Auto: 2013 528i
Ninong replied to my post on ask a dealer about the residual values for 2017 x3. I don't know how to share the actual post so here is her response
It's 53% =36/10
52%=36/12
50%=36/15
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  #10  
Old Today, 08:35 AM
mde83 mde83 is offline
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Mein Auto: 2016 X3 35i
Sorry those residuals are what they are now. But the rest of your numbers looked reasonable to me. Hmmm, if those were the residuals when I leased by X3 4 months ago, I would have been looking at Mercedes and Audi really close....
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2013 535i, Alpine White, Cinnamon, MSport, Premium, Technology and Driver Assistance packages (retired - Lease turn-in 1/29/2016)
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