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pps-325xit said:
Yes... it is a great deal...

Also, very good lease numbers this month..
 

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Discussion Starter · #4 · (Edited)
Don't have the exact numbers with me, but...

2005 x3 3.0 litre (18 mi on odometer)
Options:
Steptronic :cry: (it's the wife vehicle for business), at least we went for the 3.0
Navigation system
Leather (Gray)
Heated Seats
Xenon :thumbup:
Privacy glass
Metallic Paint (Blue Water Metallic)
MSRP $42,370
Invoice $39,155
Offer $39,655
Haven't decided on finance/lease yet.
Finance: 60 months at 3.9 percent, ~$771/month, $0 down
Lease: 36 months, 15k miles/year, $577/month ($1600 driveoff, 57% residual, money factor I think was 1.5, no security deposit )
 

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pps-325xit said:
2005 x3 3.0 litre (18 mi on odometer)
Options:
Steptronic :cry: (it's the wife vehicle for business), at least we went for the 3.0
Navigation system
Leather (Gray)
Heated Seats
Xenon :thumbup:
Privacy glass
Metallic Paint (Blue Water Metallic)
MSRP $42,370
Invoice $39,155
Offer $39,655
Haven't decided on finance/lease yet.
Finance: 60 months at 3.9 percent, ~$771/month, $0 down
Lease: 36 months, 15k miles/year, $577/month ($1600 driveoff, 57% residual, money factor I think was 1.5, no security deposit )
Doesn't sound bad but IMHO I think you can negotiate a $800 drive-off because that is what they did for me. You can save $800-1000 more on that deal if you ask!
 

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$500 over invoice is a great deal, but only if you you don't get screwed on the financing or trade it. I did a lot of shopping around and used the internet to get quotes from nearby cities before I finally closed the deal with the only local BMW dealership on a Highland greeen 2005 3.0 w/ heated seats. I paid $1000 over invoice but I also got $1500 more for my trade in than they were initially willing to give me before I shopped around. And then when we finally went in to discuss the financing, they conviently forgot about BMW's 3.9% rate promotion that going on this month until I reminded them. I had to deal with a lot of gritting of teeth and waiting while the salesman had to "talk with his manager" before I finially got the deal I wanted but in the end it worked out. My wife loves her new X3 and I have a new toy to play with when I'm not driving my Murano.


(Maybe that's why I didn't get a keychain, hat or floor mats...)
 

· Who, me?
Joined
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pps-325xit said:
2005 x3 3.0 litre (18 mi on odometer)
Options:
Steptronic :cry: (it's the wife vehicle for business), at least we went for the 3.0
Navigation system
Leather (Gray)
Heated Seats
Xenon :thumbup:
Privacy glass
Metallic Paint (Blue Water Metallic)
MSRP $42,370
Invoice $39,155
Offer $39,655
Haven't decided on finance/lease yet.
Finance: 60 months at 3.9 percent, ~$771/month, $0 down
Lease: 36 months, 15k miles/year, $577/month ($1600 driveoff, 57% residual, money factor I think was 1.5, no security deposit )
Residual is 59%
Base MF is .0010

With cap cost of $40,280 (including $625 acq.fee) the payment should be:
$490 + tax.. with upfront of 1st pymt and security deposit plut title/license..

If you get a $500 over deal, but then let them jack up the money factor, you are giving back $1000..

regards,
kyfdx
 

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kyfdx said:
Residual is 59%
Base MF is .0010

With cap cost of $40,280 (including $625 acq.fee) the payment should be:
$490 + tax.. with upfront of 1st pymt and security deposit plut title/license..

If you get a $500 over deal, but then let them jack up the money factor, you are giving back $1000..

regards,
kyfdx
May I ask what calculation or method did you use to obtain these numbers?

I would like to know! thanks.
 

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jk330i said:
May I ask what calculation or method did you use to obtain these numbers?

I would like to know! thanks.
I got the lease numbers off of the Ask-A-Dealer section of Bimmerfest...

Lease calculations are fairly simple..

The two main parts of the lease payment are depreciation and finance charge.

MSRP X residual % = Residual

Selling price + Acquisition fee = CAP cost (or "amount financed", if you prefer)

CAP cost - residual = depreciation

Depreciation/term of lease = Depreciaton portion of monthly payment

(Cap cost + depreciation) X money factor = monthly finance charge.

Depreciation portion of monthly payment + monthly finance charge = monthly payment.

It is actually simpler than it looks here.. I have a spreadsheet set-up, so all I have to do is plug in five numbers: MSRP, Cap cost, Residual percentage, Money factor, Length of lease.

regards,
kyfdx
 
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