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Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
3500 messages, Last post on Dec 06, 2009 at 11:14 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I'm a few hundred miles from 50K on my 2003 X5 3.0. My lease expires June 1. If I buy it I'm thinking about getting the factory extended warranty (two years/50,000 miles) Is it worth it? How much are dealers quoting? The big question: Should I buy this car at $27, 585 (residual). Car is in excellent condition. Thanks in advance for your replies.
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Replying to: rukind (Feb 23, 2006 5:40 pm) One thing in your favor... it looks like you will put the full 100K miles on, before the six year warranty runs out... that gives you full value.. If I were buying the warranty, I think I'd by the extended maintenance plan, as well.. It is too bad that you aren't at the end of your lease now.. It is possible that the dealer could buy your car at the end of the lease from BMW for less than your residual, CPO it, make a little profit, and sell it back to you for less than the cost of you buying the vehicle and the warranty yourself.. But, if you go over the 50K mark, you are out of luck.... What about your mileage? Are you substantially over your mileage allowance? regards, kyfdx
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Replying to: kyfdx (Feb 23, 2006 7:05 pm) My mileage allowance is 45K for the 36 month lease. By the end of the lease period (June 1) I will be at or near 52K. If I turn it back to BMW I write a check for $1400 for over mileage (.20 per mile). What does the extended maintenance plan cost? length? Your sell back is interesting. Can a dealer make that determination in a quick turn around? I'd probably approach the dealer with this requested scenerio to see how it pencil's out. I hope I can trust the dealer. Hey, do you know if I HAVE to return the car to the original dealer ir can I work this deal with my preferred dealer? I have my car serviced at my preferred dealer and they're awesome. They seem to be about customer loyalty. They're also a Lithia dealer if that makes any difference. Thanks for your thoughts... |
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Hi guys, Please help me out if you already bought your new 550i. I am planning to buy the new 550i, but I would like to know how much you paid for or how much you can negotiate down from the invoice price. I am living in the bay area (Califorinia). Thanks in advance. Ed. |
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Replying to: rukind (Feb 23, 2006 9:01 pm) I'd get with a sales manager or CA before you go over 50K miles, though.. I'm not sure of all the CPO rules, but the warranty expiration may be a sticking point. The BMW dealers buy the cars at the MMR price, not the residual.. but, that price may not be available to them, until the lease is up.. The MMR price being lower than the residual is the key to them being able to CPO and re-sell you the car for less than your residual + warranty purchase. Not sure on your model, but the 3-series extended maintenance plan is $995 for 6yr/100K. Here is a good post about this very subject. mmr cpo deal regards, kyfdx
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Replying to: rukind (Feb 23, 2006 9:01 pm) Did you know that BMWFS allows mileage adjustments during the lease term? (BTW, the only leasing company I know of that allows you to do that.) Up until a certain number of months left on your lease, you can buy miles for only 16 cents per mile (15 cents up front, 20 at the end) if you find yourself going over your limit. However, with only 3 months left, I think you've passed the allowable date... It's worth a call to BMWFS, though! |
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Hi Guys - New to this board. I had a local BMW dealer attempt to locate a 2006 525i - Black, Auburn Interior, Premium Pkg,Premium Sound,Winter Pkg, Zenon Headlights. Dealer quoted me price of 3% over Dlr invoice. They are unable to locate this car. Dlr advises no more 06 models are being built. Will order/build me and 07...but I am hesitant to a purchase any veh sight unseen. I cannot locate any info on the 07s: style, Wheels etc. Any input from you pros would be fantastic ! Thanx.
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Replying to: sportzfan76 (Feb 24, 2006 9:51 am) Changes for 2007... Two new options: High-Definition Radio and Night Vision Additional features: Tire pressure monitor and auxiliary input (for mp3 players, for example) Also, you didn't say you were getting the sport package, but the sport package on the 2007 will include the "comfort seats" (now called "multi-contour seats") instead of the previous "sport seats". These multi-contour seats will include the features of the comfort seats but also provide the lateral support of the sport seats. And, last but not least, the price on the 525i will go up about $1000 for the 2007 models. 
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Replying to: kyfdx (Feb 24, 2006 3:57 am) If I turn the car in, have the dealer CPO it, they'll charge me the following: 995.00 CPO work 250.00 shop charge 150.00 std dealer "paperwork" charge 1000.00 profit PROVIDED I buy the car before the 50,000 mile warranty period is crossed and before the lease term is up. Thus, they'll charge residual plus the remaining two payments plus excess mileage penelty plus CPO charges. Lots of profit for the dealer...If I do it this way. They told me there is no BMW "forward" program to facilitate this. If I buy the Extended warranty now and then buy the car straight out at the end of the lease term the charge for the warranty is $3294.00. They claim it's based upon not having had the car to inspect/ "upgrade/CPO" it to their satisfaction. Kind of ironic since they've serviced it from day one... Oh, one other thing, the extended maintenance plan (same period and mileage as the extended warranty plan) is $1795.00. All in all, either option is looking like the numbers wont work for me...
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Replying to: rukind (Feb 24, 2006 7:14 pm) It looks like they might be marking up the warranty and the extended maintenance plan a little.... the maintenance plan for sure.. I agree with your assessment.... It is no deal at that kind of price.. regards, kyfdx Host-Prices Paid Forums |
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