BMW X3 lease new or buy current

Ask the Hackrs Buy/Finance
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1

I have a 2021 BMW X3 and my lease is ending at the end of February. I’m in Denver, Colorado.

I’m trying to decide between buying my car (would be cash) or leasing a new 2024.
here are the details:

residual value $30,500

New car offer MSRP $53,500
adjusted price is $48,010
trade payoff $31,000

For 10,000 yearly miles that puts my lease payment at $756 a month which to me seems outrageous. I’m currently at $597 (California purchased) for my 2021.

I’m also considering having one built which would increase the monthly payment to about $800. But at least then I could get what I want.

I’m concerned that $800 a month seems crazy and am I being ripped off? Or is this really what a lease payment is for a BMW X3 new car these days.

Appreciate any input

2

Take a look at what’s happening in your region. Here’s a link to threads with a BMW tag in the West.

https://forum.leasehackr.com/tags/c/marketplace/west/18/bmw

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3

Buy out your current X3…not much different from a 24 at great cost. Redesign is 25 model year.

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4

This is great information thank you!

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5

That’s what I am doing. Bought out my 2021 in November. Why buy a 2024 with crappy discount. May as all buy the new design with a crappy discount.

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6

I have a 2021 x3 M40i and my lease is almost up. My monthly payment right now is $781 and I’m looking to trade in as well for a 2024 version of my car.

I was doing a lot of research today and talking to finance folks at dealerships in California and this is the best quote I got so far. Two dealerships would meet me here but they wouldn’t go lower when I countered.

95030 zip code
$0 down
$1,910.53 due at signing
0.0023 money factor (0.0021 i think you could get)
55% residual
$73,270 msrp
12k miles
$1500 BMW loyalty applied
payment: $1,036.54

Rates change per month and unless I place the order this month I cannot lock any of this in.

7

Maybe a new thread for your deal check, might get more eyeballs that way.

8

how do i create a new topic? don’t see that option below my avatar

9

Probably not enough Read time, maybe trusted can help.

10

thanks. poked around enough to get trusted level and posted topic. thanks for the help

1 Like