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You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, SUV
#1047 of 2557 '08 X5 Demo-Advice on price-THX!
Nov 23, 2008 (11:42 am)
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
$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.
#1048 of 2557 End of Lease 05 X5
Nov 26, 2008 (4:43 pm)
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.
#1049 of 2557 Re: 09 X5 3.0 [laaky]
Nov 26, 2008 (5:45 pm)
I went to Prestige and they guy told me that the quote from the OC was not 2k over the invoice. The guy didn't tell me what the invoice on it was, but he said he could sell it for 165 less than OC which isn't a huge difference. So the final quote from Prestige is 56000, and I plan to take it to OC and ask if they can match that.
Any news with yours?
Nov 26, 2008 (6:38 pm)
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
#1051 of 2557 Re: End of Lease 05 X5 [socal59]
Nov 26, 2008 (7:35 pm)
Bmw does not see that there is recession. It is that simple. Make your offer and tell them to give you a call on Jan 30th if they can find the time . Make sure the person in charge knows you made a reasonable offer and you are walking. Jvost on the 5 series thread got 8-9k under residual to buy his return car. Maybe you are in the wrong showroom in the wrong place.
#1052 of 2557 Re: '08 X5 Demo-Advice on price-THX! [bmanpc]
Nov 26, 2008 (9:36 pm)
So what happened? Let us all know.
#1053 of 2557 How to differentiate 2009 X5 3.0 from 2008 X5 3.0?
Dec 03, 2008 (6:11 am)
For example, how to tell an X5 is 2009 or 2008 by the outside and inside? Or by VIN?
#1054 of 2557 Re: How to differentiate 2009 X5 3.0 from 2008 X5 3.0? [6degrees]
by kyfdx@Edmunds HOST
Dec 03, 2008 (8:23 am)
I'm pretty sure the 10th digit of the VIN (8th from the other end) is the year.. I'll check on it, though..
Dec 03, 2008 (8:27 am)
The 10th digit of the VIN..
8 = 2008
9 = 2009
#1056 of 2557 Re: Yup...that's it.. [kyfdx]
Dec 03, 2008 (8:33 am)
Thanks for the info.
Is there any way to tell by looking at X5, inside or outside?
The front seat head-rest looks different. Is it just 3.0 vs 4.8? Or 2008 vs 2009?