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BMW X5, SUV
#103 of 2565 What I Paid for 2004 X5 3.0i
Oct 06, 2004 (9:44 pm)
I bought a 2004 x5 3.0i in Dallas on 9-31-04.
Options: Prem Pkge, Auto Trans, Rear Climate,
Self Dim Mirrors, and Xenon.
INVOICE - 44520
MSRP - 48,520
TMV - 46,725
I tried to reason that since this was an 04, that I should only pay Invoice price since in 3 months it was going to be a year old in book value.
After a couple of hours, I got it down to 46,500.
Sales Mgr supposedly said that was his final offer. I probably should have walked and waited for 05 model but they financed for %4.69 and I was ready to get behind the wheel. I just wonder what the TMV will be in Jan 2005. Volkswagon offered me 5000 off sticker for 04 Touareg. BMW salesman wryly smiled and said "That's what they have to do to move those things" and proceeded to tell me how BMW won't offer the large year-end discounts that Chevrolet and Dodge offer. He also said there won't be any 2004 models left in his dealership in another couple of weeks. There was only one in the showroom and I drove it out with 62 miles on it.
After sales Tax,Title,License,Inspection,Deputy Fee(10.00),dealer's Inventory Tax (111.09) and Road Hazard for the wheels/tires (247.00), I paid 50,000 for my 2004 X5 3.0i.
Oct 07, 2004 (4:49 am)
A midwestern newspaper would like to talk with someone who, in the past month, bought a luxury vehicle (other than a Lexus) for which minimal incentives were available. Please reply to jfallonedmunds.com by Friday, October 8, 2004 with your daytime contact info and a few words about your purchase decision.
#105 of 2565 Offer of 41,700 on the table...suggestions/response advice?
Oct 08, 2004 (11:23 am)
I contacted the internet department of Irvine BMW in Orange County, Cali. to get a quote on a black on black X5 with automatic and moonroof. Edmunds lists (+ destination) MSRP at 44,120, Invoice at 40,425 and 'what others are paying' at 42565. The first quote was $41,987 plus tax, DMV, and fees. This price includes floormats.
I responded with the following:
"Hmmm...I definitely want to purchase and not lease. This is a good price, over 2K under MSRP, about 1200 over 'invoice'. I certainly appreciate you getting back to me so quickly and quoting me such a good price. However, my cousin just purchased a new 545 for only 600 over 'invoice' up in the bay area, and a salesman at Crevier told me he could get me an X5 at under a thousand over invoice this past weekend. I'm not looking for the rarer 4.4 (with the engine shortage), so supply won't be a problem. In fact with the 2005's targeted to roll in within 2 months, waiting should certainly get me a better deal on the year old models. Is that the best price you can give me? I'm targeting something closer to the $500 over invoice range or better."
$41,600 plus tax and fees WITHOUT floormats would be the best price that I can extend. That is $500 over our true cost (which I can show you); it is $97 more (our cost) for floormats.
Let me know if this is the BMW for you...
So, what should I do...41,700 is still about 1200 over what Edmunds lists as 'invoice'. Any suggestions on responses? I target picking it up next weekend, so I have time. Should I play hardball, and if so, what should be my response?
#106 of 2565 My experience with BMW dealers...
by kyfdx@Edmunds HOST
Oct 08, 2004 (11:30 am)
is they will usually only bump the price down once or twice.. They tend to avoid a lot of back and forth.. Floor mats are not included in the Edmunds invoice, and he likely has MACO fees to pay BMW on his invoice as well..
I can't tell you if that is a good buy or not.. just that if you want that car, he's probably not going to come down any more.. that would be my guess.
Have you considered an X3 3.0? They have dropped the MSRP by about $3K for the new 2005 model.
#107 of 2565 Re: My experience with BMW dealers... [kyfdx]
Oct 08, 2004 (11:53 am)
Thanks kyfdx...I really don't like the look of the X3...it looks like a RAV4 or Highlander to me. Plus the fact that the ones on the lot we saw had stickers over 35 grand, I can't justify paying that much for something that looks to me to be in the $20-25 grand range.
I really like the X5, and I can play hardball if necessary, I can walk if necessary, and I can certainly wait or "lean toward an MDX/RX330" if necessary.
I want to get the vehicle at an excellent price, not just a very good price. Considering the 05's will be coming soon, I think my prospects are very good. But I can always use advice on how to respond to the offer and leverage the deal in my favor...
#108 of 2565 X5 3.0, 4.4 2005
Nov 02, 2004 (10:02 am)
Any one bought a great deal in SFO bay area?
I am interested but waiting off till Lexus Gx470 05 comes out!
I have good quotes of $1200 over invoice on 3.0 and $1750 over for 4.4? any one with recent deals?
I'll hate to see people getting into bigger X5 next year in 2006 model? any one with confirmation re model year change/redesign thnx
#109 of 2565 Question about special financing on '04 models
Nov 10, 2004 (9:20 pm)
I saw 1.9% APR for X5 '04 models in Edmunds Rebate and Incentive section. Can someone confirm this is ture? I found a '04 model that I like but my dealer told me the financing is 2.9% not 1.9%.
#110 of 2565 Re: Question about special financing on '04 models [mynextcar]
by kyfdx@Edmunds HOST
Nov 11, 2004 (7:04 am)
The dealer is allowed to mark up the rate by 1%. BMWFS then rebates part of the extra interest to them upfront..
They probably clear an extra $500 that way.. Keep that in mind when negotiating.. because it will likely cost you an extra $1000 over the life of the loan.
#111 of 2565 Re: Question about special financing on '04 models [kyfdx]
Nov 12, 2004 (5:55 pm)
Thank you, kyfdx! Your info saved me additional 1k! After I told the salesman about 1% markup and told him to deduct 1% from the sales price,he ended up offering me 1.9% APR.
#112 of 2565 2005/2004 X5 3.0i pricing
Nov 12, 2004 (6:26 pm)
I got two good offers and am trying to make decision. Here is the two offers:
Premium,Cold Weather,Rear Climate, Automatic
Offer: $45,500 ($1,100 above invoice)
All of the above plus Xenon
Offer: $45,500 + 1.9% APR ($500 above invoice)
Which one should I take?