Last post on Aug 30, 2013 at 8:45 PM
You are in the BMW X3 & X5
What is this discussion about?
BMW X5, SUV
#611 of 1508 X5 Lease/Purchase Price Information
Apr 13, 2002 (8:41 am)
Just finalized the deal a few minutes ago from United BMW in Atlanta, GA. I'm picking the car up this afternoon.
This is the deal we receive for everyone's info. This was done over the phone negotiating with 3 different Atlanta dealerships. Two dealership gave me the same deal.(picked the closest to my house). BTW, I never mentioned leasing until the price was agreed upon. Then I focused on money factor and doc fees.
2002 BMW X5 3.0i Steel Grey Metallic with Black leather
MSRP: $45,320 (premium, rear climate, & auto tran)
Gross Cap Cost: $43,720 (selling price)
Money Factor: .00238 (5.7%)
Drive Off: $941.31 (First Pay., Tag, Title, Doc)
Lease payment $607.47 plus tax
Lease Term: 36 months
Residual: $28,551.60 (63%)
Miles per year: 12K
Apr 13, 2002 (9:56 am)
We have a LX and an X5, they are very different. Each excels in it's own way. I would certainly consider a Lexus as my next car. Unfortunately I would also consider a Bimmer.
I don't think there is a SUV on the market that is more fun to drive than the X5 or a more luxurious and capable SUV than the LX.
#613 of 1508 New X5 Lease
Apr 13, 2002 (11:12 am)
Congratulations on the new X5. I thought that BMW is currently offering a money factor of less then 5% on a lease?
#614 of 1508 Maint. Prob
Apr 14, 2002 (6:21 am)
I decided to go with the 325xi instead of the X5 3.0 I ordered based on the problems I have heard of from other owners. What is most interesting is the dealer agreed that about 1 out of 10 seem to be real problems and that BMW even has a program that will give money back to owners that have repeated problems with thier cars.
#615 of 1508 scott & diesels
Apr 15, 2002 (7:27 am)
scottw57: Congrats on the new X5! Beautiful color combo. I do have a few ?s for you. You say you live in Atlanta, is there any reason you chose the X5 over a 530iA (was it a style thing)? I'm just curious (not starting a 5 series vs. X5 debate here).
X5 3.0d seems like a great SUV. CAR magazine (a british publication) just tested an X5 3.0d (diesel) against an M-Class (diesel), a Jeep Grand Cherokee (diesel), and a diesel powered Mitsubish SUV (diesel, its the montero here, but not sure what it is called in europe). Even though the X5 cost much more than the other 3, it came out on top. The magazine said the 3.0L diesel (175hp, 305 lb-ft torque) was just as smooth as the 3.0 L gas (petrol) powered I-6. What impressed me the most was the fuel economy: They said mid-high 20's mpg (which is bad for england, but great here). Now granted, when you're buying a $40-66K SUV, you shouldn't be concerned with the price of fuel, but imagine having to stop for for fuel less often.
Apr 18, 2002 (2:17 pm)
Re msg 573:
Could you elaborate a bit more on BMW's program to refund owners with repeated problems? Is there an official name for this program, or where could we get more information?
Apr 19, 2002 (8:55 am)
mrbluetooth, it's the lemon law. My colleague bought a X5 3.0 four months ago. He drove and loved it for two months. Then the transmission failed(speed dropped from 65 mph to 35 mph on highway). The dealer couldn't fix it for the next two months. He found a lawyer to get BMW to agree to buy it back. You'll have to contact BMW of North America, not the dealer.
Apr 19, 2002 (9:26 am)
Thanks albert123. I suspected it was the lemon law, but when lfny stated that "BMW even has a program that will give money back to owners..." I had the impression this "program" was unique to BMW. lfny, if you're there, please chime in.
Albert - does this mean dealing with the lemon law and BMWNA would be fruitless without a lawyer?
Incidentally, I am asking about this for my brother who has a 2001 325i and is having a persistent transmission problem. I have a 2001 X5 3.0 with no major problems so far after a year of ownership and 8k miles. My original post was my first one here but I will contribute more often to this board wherever I can.
Apr 19, 2002 (9:57 am)
Richard, good to know your X5 is fine. I was turned off (at BMW)when I knew my colleague's problem. Then I realized he just had a bad luck as I know other BMW owners seem to be happy (mostly sedans though).
As for getting a lawyer, I'd say call BMWNA first. If they agree to buy back, you're done. But if not, call some lawyers and see how they think of your case. When my colleague called, the lawyer said he's 99% confident he'll get the money back.
The most unbelievable thing for the BMW dealer was they couldn't even identify the problem and had to call BMW in Germany to find out. And I'm talking about the biggest BMW dealer in the south SF bay!