Last post on Mar 06, 2013 at 2:48 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, SUV
#2438 of 2444 Re: Feedback on offer [mrygal]
Feb 27, 2013 (8:09 pm)
$500 over invoice price is pretty typical. You get the invoice price here on Edmunds. Usually it comes out to about 10% off msrp.
#2439 of 2444 Re: Feedback on offer [mrygal]
Feb 28, 2013 (7:17 am)
BMW will openly tell you their mark up is 8%. You will see this on other sites such as bmwconfig.com and nada.com when you 'build it'. Dealers will give you 8% off everything inc options and than deduct any rebates/incentives. Even if you don't drive a BMW already, mention the word Audi and they will throw in their '$750 loyalty cash'! Good luck!
#2440 of 2444 Re: Feedback on offer [glevum]
Feb 28, 2013 (9:10 am)
Thanks for the feedback. I wasn't able to use some of the features to build the car on bmwconfig for some reason. I am still waiting for a response from other BMW dealers about their best price so I will keep you posted. So far, two have come back at 6% off being their bottom line so I will keep pushing.
#2441 of 2444 Re: Feedback on offer [glevum]
Feb 28, 2013 (7:23 pm)
One more thing, should I be looking at 8-10% off or $500 + invoice and then add MACO, destination & training or should that be included?
#2442 of 2444 Advice on Custom Order Process
Mar 02, 2013 (9:34 am)
Hi. Can you give me some insight on the process? My main question is regarding the contract or negotiated sales price? We have settled on a price and I am getting ready to submit my deposit for the order. Do I need to have a contract signed confirming the price before giving them my deposit? I just want to be reassured that things won't change once it arrive and I go to make final payment on it. I think everything will be fine but there's just the slightly paranoid side of me that wants to know if I need a signed contract confirming the price. I have the emails settling on price.
#2443 of 2444 Re: Advice on Custom Order Process [mrygal]
Mar 03, 2013 (2:15 am)
For us, they ordered the car exactly as we wanted it without any deposit or signed contract, just a handshake. I'm sure that's the exception and not the rule. I would probably be more comfortable signing a contract with everything spelled out, even if they required a deposit. When our car arrived, they called us and we came in to pick it up. We signed everything and drove it away without paying a cent!
Our deal was $200 over invoice and $1800 holiday cash from BMW, so it was like getting the car for $1600 under invoice. They just applied the $1800 as our downpayment. We leased the car, which had the convenience, technology, and luxury seating packages, as well as the upgraded stereo and a spare tire.
#2444 of 2444 Re: Feedback on offer [glevum]
Mar 06, 2013 (2:48 pm)
The $750 Loyalty cash cant just be "thrown in". It is a rebate and you have to provide proof that you currently own a BMW to qualify for it and finance the vehicle through BMWFS