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Prices Paid: Buying & Leasing Experiences BMW X5 Prices Paid and Buying Experience
1358 messages, Last post on Nov 07, 2009 at 2:12 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: laaky (Nov 20, 2008 11:15 pm) 54,485 for mine, which means that the price they gave me was 2k over the invoice. And because the economy's bad, I have a fear that I might get ripped off, so I'm going to try Prestige like today or tomorrow, and I'll let you know what happens.
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Replying to: ohnims2 (Nov 21, 2008 6:03 am)
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Replying to: laaky (Nov 21, 2008 7:56 pm) Also, the guy who came out to talk to me I think was the manager, and I did have an impression that they were being dishonest with me, that's why I'm planning to talk to some other dealer. I mean, I'm going to be financing, and 1k wouldn't make a huge difference in monthly payments, but I do not want to buy a car with a feeling of getting ripped off especially around this time... And for the difference in invoice price, maybe there is an advertising fee in it? I really don't know..
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Replying to: ohnims2 (Nov 21, 2008 8:03 pm)
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Replying to: laaky (Nov 21, 2008 8:23 pm)
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Replying to: ohnims2 (Nov 21, 2008 8:33 pm)
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jayrider sent me here for assitance, specifically jvost... Please help me on a 2008 X5 3.0 lease in upstate NY. It is a holdover DEMO with 2,500 miles. MSRP $55,325, Selling price $49,700 Lease: 36 mo./12k miles Includes: Premium Pkg, Cold Weather Pkg, 3rd Row, Rear Climate, Rear DVD & Park Distance Residual is (56%)? & Money X = .00125 (3%) Monthly payment $699.66; included taxes and zero $ down payment Question 1: is this a good deal or could they come down? they wouldn't budge when I asked for accessories or lower payment. should i just take it at $699 or what is the REAL monthly # I can get this down to? dealer said "No X5 goes below $700 with zero down". Any truth to this? $2,405 due at signing (inception fees) $699.66 1st month $625 bank fee $225 office fee $155 plates $700 security deposit Question 2: can i negotiate any of the fees (bank & office)? Since the car is a demo I lose my BMW CCA loyalty rebate, and the dealer will still not budge. Dealer in NY said if I don't pull the trigger by Tuesday, he will not honor the offer and has other buyers wanting the car. Questiion 3: What can I get him to throw in or work with me on? Possible tire waranty since they are run flats? Please help me, I need to decide in next 48 hours.
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So my lease is ending on 12/4/08 and yesterday I went to a local BMW dealer in Orange County, where I purchased the car. I wanted to see if I could negotiate on the buy out of around $26K. After a bunch of runaround type answers, he told me that it would be the cost of the buyout plus $2500 to certify it (CPO) which make the price of the car around $28K with 48k miles. My question is has anyone had any luck lowering the residual/buyout price? Had I landed here from Mars yesterday, the way he was acting I would have though that there were 100 people in line waiting to but a used X5, meaning that cars would be just selling like crazy. I think that a selling strategy for them is to just not acknowledge that there is a recession and therefore not showing the customer that we have the upper hand in this market. I may try another dealer to see if I can get the price down, otherwise they'll get stuck with a car with almost 50K miles on it, that in the next year or two will depreciate like mad.
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Replying to: laaky (Nov 21, 2008 11:50 pm) Any news with yours? |
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I think BMW is very inflexible when it comes to negotiating lease buy outs. My Dad had an '04 X5 3.0iA with close to 80,000 miles on it when the lease ended. He had bought the extended maintenance (which worked out in our favor because we got the Inspection II and a new set of brake pads from it). I was in the market for a car at the time and wanted to see what the buyout was. The car was in PERFECT shape and had extended maintenance until 100K miles. BMW would NOT negotiate the buyout. I guess they'd rather take a chance at an auction 
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