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Prices Paid: Buying & Leasing Experiences BMW X5 Prices Paid and Buying Experience
1385 messages, Last post on Dec 05, 2009 at 3:07 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| SHOULD I GO IN AND ASK FOR 3000 off MSRP and FINANCE IT ? or is the lease deal better ? | |
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im going crazy i guess i was overwhelmed. I put $2500 down on my CC. Can i still negotiate the deal? The deposit sheet says 560$ month 36 months 15k miles. am i in it too deep ? please help
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Replying to: mattlrulz (Mar 17, 2005 3:28 pm) If they wanted $560/mo with $5K upfront, then it should be about $640/mo with $2500 upfront... It doesn't matter to the dealer... they get the same amount from the bank, either way.. Just call them before you go in, and tell your salesperson to re-do the paperwork with only $2500 due at signing.. and that you realize that should change the payment by "about $80/mo.". Very simple... don't let them kid you... It takes all of 60 seconds to change it in the computer and then have it spit out of the printer.... Just remember.. if it is $560/mo tax included with $5K upfront, it should be $640/mo. tax included with $2500 upfront. regards, kyfdx PS: For those of you playing along at home.. I know $2500/36 = $69.44... But, the payment is $80 higher and the security deposit is $50 higher, raising the due at signing by $130, and you have extra finance charges due to the higher cap cost plus 6% NJ sales tax.. |
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| Been toying bet purchasing the X5 or the FX35. Its not apples to apples, but...Ive been trying to convince myself to stretch the $$ for the Beemer, and I got quote to buy fm local dealer for a stripped, automatic and leather only, for $43,300.plus tax, tag ...sticker is $45, 120....another dealer had a few'04 X5 3.0 CPO's with bet 14 and 16k miles for $39,995., with sport, prem pkgs, etc. and could prob get $1k off that price...any thoughts out there in Beemer-land? | |
| 2004 CPO's X5's with options for $38-$39K sounds pretty good to me. No real changes over current model. '02's with over 45k miles are listing at $34K on many lots. A CPO'ed '04 would also have an extended warranty. | |
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Hello - My name is Katie and I think my being female just lent my salesperson to (try to) take me a tad bit more than my male counterparts in negotiating my X5 4.4 lease deal. Any advice would be GREATLY appreciated. I like to think I am semi-financially savy and with the responses I was given today, I think I should be insulted. These are the specs of what I was looking at: 2005 - X5 4.4 Loaded, MSRP of $63,345 36/10,000 lease Buying in Virginia (sales tax comes to $2,040) They told me: (1.) 2005 - "We do not negotiate off of MSRP on the 4.4's" (call me naive, but I think that is total bull) (2.) Offered me a MF of .000125 (after looking at other posts, seems in line, however I have seen .00010 but am confused if that is model specific or industry standard - please confirm) (3.) Residual % of 61% (seems in line with other posts) (4.) $850 security deposit - do I have to pay this? Negotiable? (5.) Upfront acq. fee - $825, Processing fee $199 (both negotiable I presume?) My original numbers included $2500 down, however after reading earlier posts, I am taking the advice on the board, that is not a good move and will move forward on making calculations with a zero down pmt. In a nutshell - are the fees/ratios they are quoting me valid or am I being taken? Also, the biggest question...is it realistic to get $1500 to $2000 off of MSRP on a X5 4.4? Any advice/experience/guidance is GREATLY appreciated. Thanks! Katie
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Replying to: nolift911 (Mar 19, 2005 7:06 pm) 2) The money factor on the X5 4.4 is .00125 3) Residual of 61% is also correct. 4) You can have the security deposit waived in exchange for an increase in the money factor.. But, it is a better deal to make the security deposit. 5) Base acquisition fee is $625.. that is not negotiable and goes to the bank... The $200 that the dealer marked it up is negotiable.. and I would assume the processing fee is also... I have to believe that $2K off shouldn't be too hard on a $60K vehicle.... I wouldn't be insulted though... Their job is to get the maximum amount of money.. your job is to pay the minimum amount. regards, kyfdx |
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I am glad nolift911 brought this topic up. MSRP: $60,875 (CA tax: 0.0775) 36 months/10,000 miles 5,000 Down Drive Off Money Factor: 0.000180 (I think this is too high) How would one approach negotiating the money facotr when dealers claim BMW sets these factors. I am thinking my dealership is inflating the mf. My lease will be 763.87/month including tax Good deal? My salesperson didn't say anything about a security deposit, but he did include a $200 Maco training fee or something like that.
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Replying to: mbbmw2002 (Mar 19, 2005 9:37 pm) Without a breakdown of the drive-off amount, it is hard to know exactly.. but this is what I see: A discount of about $1000 from MSRP.. Money factor jacked up the maximum .0004 + no security deposit waiver fee of .00015.. (base MF is .00125) Acquisition fee marked up to $825 from $625. This might not be exactly it.. but, it works out the same.. Not too good.
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Replying to: mbbmw2002 (Mar 19, 2005 9:37 pm) Selling price $58,875 (just making one up, $2K off) CAP cost $59,500 (selling price + $625 acq.fee) 36mo/30K lease Residual 61% MF .00125 Payment $742 + tax = $798/mo.including tax. Drive-off: 1st payment, security deposit, title/license fees.. Should be under $2000 total. So, $3000 less upfront and $34/mo. more on the payment.. About $1875 less over the term of the lease.. If your price was $1000 under MSRP, the payment would go up to $831/mo tax included. I think at $2K off MSRP, that still leaves a $3K profit for the dealer, at least.. Like I stated above, I have no idea what the market is for the X5 4.4, but if it is any more expensive than that, I wouldn't be interested. It is also entirely possible that the market is lower than this.. regards, kyfdx |
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