Last post on Dec 05, 2013 at 3:51 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, SUV
#2461 of 2557 Buy at the end of lease: Need advice
Jul 06, 2013 (8:33 am)
I am thinking of purchase at the end of lease and trying to find what are my options.
I have X5 2011 Premium 35i with Technology package, third row seats, running board and cold weather. Even after 3 years of use, it smells and looks like a brand new car. I like the car so far and even if I re-lease it, I would probably go with same car. I may choose few additional options but it would just be a minor change. In nutshell, I love my current car.
My residual is ~$38.5K. I would like to know the following:
1. Does dealership provides certification or extended warranties when you buy the car ? Is it common or rare for this car ?
2. Should I purchase the extended warranty or certification ? What is the typical cost of each ?
3. What are the additional costs on top of paying residual when you buy the car ?
4. Can I possibly get a certified pre-owned car around the same price as my residual ? I am finding the list price average between $45K to $50K. Can I expect 20% room for negotiation ?
5. Any other advice from someone who did the purchase at the end of lease ?
6. Shall I go via BMW financial directly or through dealership ?
7. What is the typical financing rate for buyout at the end of lease ?
Thanks everyone for your advice and responses.
#2462 of 2557 Re: Buy at the end of lease: Need advice [bmw_car]
Jul 06, 2013 (9:33 am)
I purchased my current X5 at lease end. I offered them $4k less than residual; a few dealers didn't bite including the one I purchased it from. A nearby dealer went with it, they certified the car to 100k miles, detailed it put new Michellin tires on. I got the current financing BMW was offering (3.9%). Overal it was an easy transaction and I kept a car that I knew was well taken cared of. If you want your current X5 offer a few grand below the residual. They don't really want it back and have to sell it etc. Try different dealers.
#2463 of 2557 LA 2013 X5 Lease Deal?
Jul 08, 2013 (9:16 am)
Not sure if this a good deal or not. I turned it down thinking late July or Aug might have better MF and a push to sell off 2013's.
Base 2013 X5 35i
ZCV convenice package
Heated front seats
Park Distance Control
MSRP $54, 175 with dealer price at $49920 which includes a $2200 cap cost reduction and $1000 bmw loyality rebate. Actual dealer discount is $1050.
39 month lease 12K/year is $599 per month with LA tax.
Is this a good deal?
#2464 of 2557 Re: LA 2013 X5 Lease Deal? [bhavinpa]
Jul 08, 2013 (10:16 am)
Seems like a fair deal. What's the MF? What dealer, in Los Angeles area?
#2465 of 2557 Re: LA 2013 X5 Lease Deal? [socal59]
Jul 08, 2013 (10:19 am)
Not sure about the MF, he didn't provide it. Glendale.
I found another dealership giving me a $51,420 without cap cost and BMW loyality. With BMW loyality, the car is at invoice.
#2466 of 2557 Re: LA 2013 X5 Lease Deal? [bhavinpa]
Jul 08, 2013 (10:51 am)
As for my 3 local BMW dealers I've found that if I want a new (X5) built for me, according to my desired options (color, packages, etc.), they will not compete amongst one another. One price fits all.
#2467 of 2557 Re: Used 2012 Price to Buy [beth03456]
Jul 17, 2013 (12:37 pm)
To ask Beth's question more broadly, do folks have general advice for purchasing through BMWs CPO program in terms of what negotiated price to aim for/expect (i.e. XX% under asking) or other relevant advice? I'm looking for a 2011-2012 X5 with relatively low mileage as well.
Beth, any luck in your negotiation?
#2468 of 2557 Re: Used 2012 Price to Buy [car_enthuzed]
Jul 17, 2013 (5:40 pm)
My negotiations went very similar to the advice posted above (thank you!). They lowered the price and I got a bit more off, helped with a USAA discount, settled at ~$50K. It might have made sense for us to price out a new one or look at other used options but there weren't many other 2012-2013s with premium, third row and beige seats available, so overall we were happy with the deal. I love it.
#2469 of 2557 Recs for a BMW dealer in northern california
Jul 19, 2013 (4:00 pm)
Would anyone be able to recommend a dealer in northern california that recently concluded a $500+invoice or better deal on a new x5? My negotiations skill must suck as I'm getting $1000+invoice+bank fee as my best, even on the car that is already on the lot.
#2470 of 2557 Purchase of BMW X5d
Jul 29, 2013 (10:09 am)
Hello all. Wondering if someone can take a look at this offer and let me know if it is a good deal or not. 2013 BMW X5d. Comes with Premium Package, Premium Sound Package, Cold Weather Package, BMW Apps, and Running Boards. MSRP is $63,445. This was used as a demo and has a little under 5,000 miles on it. Dealer is offering it for $54,944.