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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
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A local dealer has an X5 with premium, cold weather,rear climate, xenon. It has ~4000 miles on it. How much off the new sticker price for those few miles? How much does a BMW lose in value once it is off the lot? If I buy a brand new 2005, will the dealer still get the 6000 incentive? Thanks |
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I have read many posts about the results of negotiations with dealers for new and used BMWs, but I have not read any that give specific advice on how to achieve the same. I found a car that I want (330Ci 2dr Coupe) and I am ready to begin the battle for lowest price. Since the dealers mainly consider four elements in the selling process, 1)Price, 2)Trade-In, 3)Down Payment and 4)Monthly Payment, I am considering financing the deal so the dealer will give me a lower Price or higher Trade-In based on planned profit from interest in the financing. I would then pay the entire balance in the first monthly payment. I am wondering if anyone else has any advice or experience on this. I am afraid that if I remove financing from the deal, I will be left with only 1)Price and 2)Trade-In to negotiate with and will not get as good a deal. Basically, I am planning on letting the dealer think he has money coming from interest on financing that I will take back.
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Replying to: am05 (Nov 24, 2005 6:55 am) If you want to pay cash for the car, by all means, go ahead and do it.. I find that dealers tend to make the best deals for people that they feel certain will consummate the deal, immediately. Dealers do make money off of financing.. but, they don't get the interest from the loan.. When they write a loan for the bank, the bank pays them a small commission.. If the dealer writes the loan for a higher interest rate than the buyer would have otherwise qualified for, then the commission is bigger. But most dealers, especially high-line dealers, are familiar with buyers coming in to pay cash for a car.. Any dealer is going to try and get the highest possible price for their car, but most salespeople and sales managers don't get paid off the finance office commissions... They are just as likely to make you the same deal, either way.. Now, if you were leasing, there are a whole bunch of other things to look out for... Anyway.. back to the point.. Some dealers make a living out of confusing people with finance and monthly payment offers.. Don't introduce those factors into your negotiation if you don't have to... Shop around, and get the best cash price... regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Nov 25, 2005 5:46 am) What price do you use as the basis of defining a “good” deal? I have Invoice, MSRP and “What others are paying”. Since there seem to be no rebates or incentives for BMW, I guess I will shoot for invoice plus…
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Replying to: am05 (Nov 25, 2005 10:33 am) Ask them for a price first... and see where they start... regards, kyfdx Host-Prices Paid Forums |
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I am looking for a 2006 4.4 X5. A local dealer offered $2000 off $60,245 for the following configuration: 2006 X5 4.4i Cold weather package Premium package Rear climate package Heated Steering Wheel Premium Hi Fi System 18 or 19" wheels (not sure which one) Question 1. The MSRP says $60,245 - Is this accurate? How low should one ask for? 2. One of the other forums on this board has whole bunch of people crying out about the problems with X5 .. how common are these? This is my first BMW, and after investing $60K in a car, the last thing I want is regular trip to dealer! 3. Any other insights? Thanks! Homer ..
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Replying to: homerjb (Dec 03, 2005 10:30 pm)
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Replying to: tpjcourtney (Dec 05, 2005 7:33 am) will the msrp 42500 be my price?
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Replying to: outra2law (Dec 16, 2005 3:29 pm) To get this vehicle, you would have to special order and probably give a L A R G E, non-refundable deposit... because the dealer does NOT want to get stuck with that. (And if you lease, he'll looove getting that back at lease turn-in...  )
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I just leased a... 2006 X5 3.0i White/Truffle MSRP: $49370 Cold weather pkg Premium pkg Rear climate pkg Auto trans Heated steering wheel 24mo/10000mi for $643/mo. Sales price was $46694. The deal included a $300 transport fee since they didn't have the car on the lot. The initial "deal" was $700/mo. I found a much better deal ($655/mo) at a dealership a couple hours away on a slightly better car (Xenon lights & diming mirrors). My local dealer finally came down to match that same rate to the car they had, which came out to $643/mo. It pays to shop around!
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