Last post on Dec 09, 2013 at 1:55 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, SUV
#295 of 2562 Re: seeking lease advice - 2005 x5 3.0i [cm23]
by kyfdx@Edmunds HOST
Jun 07, 2005 (9:09 am)
This is a terrible deal.. Off the top of my head, it looks like they are selling you the car for MSRP.. And that is with the assumption that the payment includes sales tax.. BMW X5s are not exactly flying off the lots..
Here is what it should look like:
$44,220 Selling price ($2500 off.. still lots of profit left)
$44,845 Cap cost (selling price + acq.fee)
Monthly payment $546/mo.+ tax..
This is with the same upfront cost that you provided..
Your dealer is correct about the cost of the PDC.. probably under $10/mo.. Upgrading to a CD changer is expensive on a BMW... Usually, they can't residualize the entire cost.. Something simple like this can cost you $20/mo.
#296 of 2562 Re: seeking lease advice - 2005 x5 3.0i [kyfdx]
Jun 07, 2005 (11:55 am)
thanks, kyfdx. i very much appreciate your time and assistance.
just to clarify:
you indicate that the monthly payment should be $546 plus tax. can you calculate what that additional tax cost would be.
and if, as you say, the x5s are "not flying off the lot", should i be able to obtain a deal that doesn't leave the dealer "still lots of profit left".
any advice on which long island or ny dealers might be the best to contact?
#297 of 2562 Re: seeking lease advice - 2005 x5 3.0i [cm23]
by kyfdx@Edmunds HOST
Jun 07, 2005 (12:07 pm)
Ahh.. New York.. missed that part..
So, make the acquisition fee $900 instead of $625... (add $8/mo. to payment, and blame NY's vicarious liability laws).
Tax is around 8.25% in NY? So, the adjusted payment of $554/mo. with tax becomes $599/mo. tax included..
When I said "lots of profit", I didn't mean they were getting rich off of you.. Just that the deal I proposed has a good possiblity of being accepted without grinding for days and days with dozens of dealers.. A lot of people report $500 over invoice deals, but that doesn't mean they are easy to come by... I just used this example as something that would be fair and achievable.. $600/mo. with only first payment and security deposit upfront..
If you can get the selling price down another $1000, then it would save you $30/mo.. That might be hard to do, though.. I don't have any recommendations for NYC area dealers... I've heard of low prices from Open Road BMW in Edison, NJ, or Carbone in Utica, NY (that might be a haul from where you are).
Jun 07, 2005 (7:28 pm)
Some of those Long Island dealers can be very cocky about their luxury cars. My parents bought 2 BMWs (an '04 X5 3.0iA & an '05 530iA) from Wide World of Cars last year in Spring Valley, NY. The dealership is in Rockland County, about 10 minutes off the Tappan Zee Bridge. It would take you maybe an hour and change to get there (depending on where on the Island you live). Email other dealers, there are tons of them between Long Island, Westchester, NYC, Rockland, North Jersey, Southern CT.
My email in my profile is public, if you droip me a line, I'll give you the guy's name that I dealt with.
#299 of 2562 Re: cm23 [nyccarguy]
Jun 08, 2005 (11:33 am)
kyfdx and nyccarguy
thank you both for your prompt and informative replies.
your advice will definitely help my negotiaitons..
and nyccarguy - i will drop you a line to get your contact's name. thanks.
#300 of 2562 X5 2005 3.0 CALIFORNIA
Jun 11, 2005 (11:51 pm)
the dealer asking 0.0015 MF NOT 0.00125 he said thats the rate in california and also he mentioned the acq 800 and its fixed by BMW i read in this forum its about 625 is he making extra profit here?
I Ofered 51000 679/month incluide tax 10k/36
he didnt agree!!!
ahould i offer more or find some one else
any help appreciated
#301 of 2562 Re: X5 2005 3.0 CALIFORNIA [hberbout123]
Jun 12, 2005 (7:01 am)
Keep negotiating. You can find the base MF for .00125. Plenty of people do it. He IS marking up the acquisition fee. Broaden your search for dealers in California. If you're close to Santa Barbara, try those guys.
#302 of 2562 Re: X5 2005 3.0 CALIFORNIA [sharmabmw]
Jun 12, 2005 (9:16 am)
so how much shoud i offer over the invoice? and what is the ACQ FEE in california and the registeration?
he offer 2300 of the MSRP
#303 of 2562 Re: X5 2005 3.0 CALIFORNIA [hberbout123]
by kyfdx@Edmunds HOST
Jun 12, 2005 (10:08 am)
Acquisition fee is $625 in every state but NY ($900). BMWFS allows the dealer to mark up the fee by $200 maximum for extra profit.
I'd have a lot more respect for a dealer who honestly told me that, rather than lie about it. The fact that the dealer will flat out lie when questioned would make me find another dealer..
Of course, if they wouldn't agree to use the base rates, I'd find another dealer, anyway..
#304 of 2562 Re: X5 2005 3.0 CALIFORNIA [kyfdx]
Jun 12, 2005 (9:20 pm)
i got finaly the car thanks for your help
2005 X5 3.0 PREM,PDC,COLD,XENON , NAV TOLEDO BLUE VERY NICE GREY INTERIOR 16 MILE ODOMETER
HERE IS THE INTERESTED PART ::
believe it or not 9500 usd off the Msrp , still cant believe it even the car sitting in my garrage (im sleeping in the car today )
mrsp arround 52000
I PAID ARROUND 42000 + 1800 FOR EXTENDED WARRANTY incase i will decide to buy it later on
TOTAL DRIVE OFF 1450
MONTHLY 510 incluid tax 10000/36month no down payment
wow thanks for every one for thier help and support
BTW i payed 825 acq fee