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Prices Paid: Buying & Leasing Experiences BMW X5 Prices Paid and Buying Experience
1360 messages, Last post on Nov 09, 2009 at 11:22 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hello all, I've been "lurking" here during my research phase, and it's finally time to post! As my 1994 740iL is about to roll over 200k miles, I've been shopping committedly for a 2002-3 X5 for about a month now among dealerships, private parties, used car lots (yuck). I'm located in the San Francisco Bay Area, and have been shopping as far as Arizona, Oregon & Nevada. The used car lots were quickly eliminated as an option. Prices, lack of car records & trust-factor took care of that. Private Parties offered better pricing and records, but warranties were often on their last miles or months. For me, warranty is critical, as my 740 has taught me well! (Since warranty expired eons ago, I've spent more on maintenance than the car cost me originally!) So the Dealership CPOs were the most attractive, but there was little room for negotiation. However, the warranty offered (generally 2 years +/-) was enticing. Just when I was about to purchase a Dealership CPO (02s and 03s ran $30-36k out the door, depending on mileage), I came across a private owner who had bought a Dealership Lease-return CPO in spring 2005 (8 months ago), and "got in over his head" on the loan. The car has the CPO warranty through Oct 2008/100k miles! So here's what I've landed, and I think it's a fair deal. I hope the value-gurus here will agree! 2002 X5 3.0i • Mileage: 53k • BMW Certified/Extended Warranty • Interior Color: Black/Grey Sport Leather • Exterior Color: Steel Gray Metallic • Transmission: Automatic/Steptronic • PREMIUM Package • SPORT Package • REAR CLIMATE Package • COLD WEATHER Package Option Details: *PREMIUM Package has power glass moon roof, wood trim, 6-way power passenger seat, adjustable rear seat back, rain-sensing windshield wipers, front climate control, on-board computer, leather upholstery *SPORT Package has star spoke alloy wheels, M sport steering wheel, sport (self-leveling) suspension, anthracite headliner, sport seats (Leather) *REAR CLIMATE Package has rear door sunblinds, rear climate controls, privacy glass *COLD WEATHER Package has heated front seats, headlight washers, ski bag Description: EXCELLENT Condition- Clean CarFax reflects lease, then CPO. I got the above for $24,500, including the factory warranty (original extended) through Oct 2008/100k. I'm a happy camper, I hope justifiably so! Look forward to your input. M1 |
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Hi, I am looking at buying a CPO and saw this vehicle at a dealer: 2004 X5 3.0i SAV - Price: $39,000 Mileage: 17,490 Titanium Silver Metallic Automatic Premium Package Cold Weather Package Rear Climate Package Xenon Headlights I am completely new to BMW and CPO. Anything in particular I should look for? How do I negotiate on the CPO price? What would be a fare price for me to pay? TIA |
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Hello, I am purchasing the above for $32,500 w 29300 miles. Is this a good price? Options: Leather, moonroof, xenon lights, 2 zone climate & wood trim. The "sticker" price was $36,000. Thanks so much for all your educated info  Edmunds.com
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Replying to: cmcfarling (Dec 23, 2005 7:47 am) |
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i'm looking to buyout my leased 2003 X5 3.0. my dealer is going make it certified pre-owned, package it with a 6 yr/100,000 mile warranty and sell me the car at $3000 over the residual value (for a total cost of $31,600) - is he charging me too much? do i have room to negotiate further on the price? if i buyout the lease at the residual value i won't have a warranty. the car has ~31,500 miles, NAV, premium package, cold weather package, automatic.
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Replying to: mc24713 (Mar 09, 2006 8:38 pm) So, you are only really gaining about 2 yrs and 21K miles of warranty.. Also, be aware that unless you pay for an extension, the "free maintenance" plan will expire at 4yr/50K. That doesn't come with the CPO warranty. Also.. the dealer may not be paying the same amount for your car as you would... He may be getting more than $3000 out of the deal. Is it a good deal? Hard to say...  regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Mar 10, 2006 3:51 am) To build on what kyfdx said about what the dealer is paying for the car.... The residual lease-end value that you are quoted from BMWFS (pre-determined at beginning of the lease) is probably not the same as what they will buy the car for from BMWFS. Since you are way under your miles, BMWFS will take this into account and it'll actually cost the dealer more to get a car with low miles. BMWFS uses average Manheim values to determine what the dealer can buy the car for. They adjust for miles, so they'll pay more for a low-mileage car and less for high-miles. The one thing BMWFS does not adjust for is options.... So whether your car is a base car with manual transmission, leatherette or if it's loaded with sport pkg, navigation, it won't make a difference in the price the dealer buys it for from BMWFS.
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Replying to: bdr127 (Mar 10, 2006 9:22 am) |
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2006 X5 with premium package,rear climate,auto tran.,self dimming mirrors, xenon headlights,dest. frt included. MSRP $49,620 paid $47,061. I would recommend the xenon as a very nice option.
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Replying to: x5fan (Feb 27, 2004 4:53 pm)
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