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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

What is this discussion about? BMW X5, SUV


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#436 of 1385
Downpayment by schutzhund1
Sep 11, 2005 (3:34 pm)
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Hi, THANK YOU so much for the information. What do you think the downpayment will be for that lease in Oct.? Does it vary from Dealer to Dealer? When I was talking to them in August, they were talking about me putting something like 5-7K down. That seemed like a lot, but it is a lot of car....
 
Thank you, Mark
#437 of 1385
Looking for some help on pricing a new X5 by cartalk
Sep 14, 2005 (7:52 am)
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Looking at purchasing a new X5. With the new $5,000 marketing support things look pretty good from a timing perspective but obviously want a great deal.
 
We are considering two X5's with the same equipment (only difference is the non-metallic color).
 
They both have an MSRP of $48,470 (not sure if destination is included) and have the same equipement: Premium Package (W/On-Board Computer/leather), Rear Climate Package, Automatic Transmission, Xenon Adaptive Headlights.
 
Looking for a price to offer the dealer on a vehicle.
 
Thanks.
#438 of 1385
Re: Looking for some help on pricing a new X5 [cartalk] by kyfdx HOST
Sep 14, 2005 (8:28 am)
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Replying to: cartalk (Sep 14, 2005 7:52 am)

There is about a $4K spread between invoice and MSRP at that level...
 
I'd ask for $8500 off MSRP, and settle for $8K off.... $1000 is plenty of profit on an '05 model.... that they are obviously trying hard to move...
 
regards,
kyfdx
#439 of 1385
Re: Looking for some help on pricing a new X5 [kyfdx] by cartalk
Sep 15, 2005 (8:09 am)
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Replying to: kyfdx (Sep 14, 2005 8:28 am)

kyfdx,
 
Thanks.
 
Here's the deal now. The dealer faxed over his invoice that totaled $44,700 including the MACO of $300 and Training Service Fee of $180. The same invoice reveals an MSRP of $48,470 including destination.
 
So now what should I offer. I offered $40K and he replied that it was unreasonable. How far off am I. BTW, it's Jet Black which is not a preferred color in the desert but it's the only one of the 5 left that doesn't MSRP for over $50K.
 
BTW, I haven't been on here for a while and noticed the HOST title - congrats!
#440 of 1385
Re: Looking for some help on pricing a new X5 [cartalk] by kyfdx HOST
Sep 15, 2005 (8:12 am)
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Replying to: cartalk (Sep 15, 2005 8:09 am)

Thanks...
 
I think you are within $500-$700 of a fair price...
 
Rather than offer a higher price, ask him what he thinks is reasonable, considering the $5K incentive....
 
regards,
kyfdx
#441 of 1385
Question #436 by schutzhund1
Sep 15, 2005 (8:59 pm)
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Hi, I was just wondering if someone could answer my question I wrote on #436.....I would like to be prepared when the time comes. Also, after finding this site and reading so many Q&A, I want to say THANK YOU to the HOSTS and all those who answer or ask all of these very good questions. I hate to say this almost, but, someone could take all these and put it into a book form and I really think it would sell......Thanks again, Mark
#442 of 1385
Re: Looking for some help on pricing a new X5 [cartalk] by tpjcourtney
Sep 16, 2005 (6:47 am)
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Replying to: cartalk (Sep 15, 2005 8:09 am)

I was just in talking with a dealer in Colorado and they said the most they had ever given off 3.0 X5's was 1775 plus the 5k Bmw incentive for a total off MSRP of $6775. They, like most Colo. dealers have less than ten '05 - X5's in stock and in his words, "are not worried about getting rid of them". I don't think anyone around here would touch $8k off MSRP, don't know about where your at. Maybe compitition is better in other places.
 
Since I'm going to lease one and they jacked the rate so high, I am going to wait until Oct. and see if things get better.
#443 of 1385
Re: Downpayment [schutzhund1] by kyfdx HOST
Sep 16, 2005 (6:56 am)
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Replying to: schutzhund1 (Sep 11, 2005 3:34 pm)

Downpayments aren't requirements for leases... Advertised leases and dealers like to quote lease payments with large amounts of upfront money, because it makes the payments lower, and makes it seem like a better deal...
 
In fact, you should strive to have your upfront costs be as low as possible.. That way, you know exactly how much you are paying to rent the car...
 
regards,
kyfdx
#444 of 1385
Re: Downpayment [kyfdx] by lup11
Sep 16, 2005 (5:54 pm)
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Replying to: kyfdx (Sep 16, 2005 6:56 am)

I agree with this. I just completed my X5 3.0 lease with a total of $755 paid at signing (1st month, title, doc. fee). Being a new BMW customer, I paid the extra .00015 to get rid of the security deposit, bringing my monthly cost to 608 per month plus tax on a 49720 MSRP or a total of 7500 off. There may have been a couple hundred dollars left on the table, but in reality each 100 is about $1 in payment.
#445 of 1385
Re: Looking for some help on pricing a new X5 [tpjcourtney] by cartalk
Sep 18, 2005 (6:56 am)
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Replying to: tpjcourtney (Sep 16, 2005 6:47 am)

tpjcourtney,
 
I was offered from one dealer (with the $5K incentive) invoice less $2,100. Not a good deal in my book as that's $2,900 for the dealer. Didn't get close with the other dealer either.
 
I'm very likely going to pass at this time since all the available X5's are black and that doen't suit me here in the desert.
 
I'm hoping they do what they did with the incentives earlier this year with the 3 series when the new one was coming out. Incentives were better in the early months on the '05 3's in Jan/Feb than they were in September of '04 (when I bought my 3). The only drawback to this is that there are no guarantees and the '07 X5 will be introduced later in the year than the '06 3 series was.
 
kyfdx, any opinions/insight on this strategy?

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