Last post on Mar 06, 2013 at 2:48 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X5, SUV
#920 of 2444 Re: 08 X5 4.8 in So Cal [ozam]
Aug 07, 2008 (4:22 am)
Price depends a little on the relationship with your dealer. BMW dealers aren't used to getting hammered over price. I used to think 1 - 1.5K over invoice was fair for a BMW. With the premium package deal (2500) that moved my target to 1 - 1.5K under invoice. This is with a dealer that I plan to do other business with.
Best bet is to talk in with the invoice price and remind the dealer of the premium package discount. Worked great for me.
The 2007 used market hasn't caught up because the dealers are going to take it in the shorts and are hoping for a sucker to pay their price. The bottom dropped out so quickly that dealers were left holding SUVs they overpaid for.
#921 of 2444 Re: 08 X5 4.8 in So Cal [hipreck]
Aug 07, 2008 (9:12 am)
Exactly my thoughts.....given the current market, buying an SUV is a very dicey propostion. Who knows what their values will be 5 years from now. One indication is that lease residuals are in the low 30% range. One almost has to be super aggresive with the dealer just to keep their cost as low as possible on the front end knowing the values will be very low a few years from now.
#922 of 2444 Re: 08 X5 4.8 in So Cal [wtf_123]
Aug 07, 2008 (4:52 pm)
How many miles per yr. did you get on the X5 lease. I couldn't opt for the lease 'cause I will probably be doing between 12K-15K miles per yr.
#923 of 2444 Re: 08 X5 4.8 in So Cal [bond007jb]
Aug 09, 2008 (10:27 am)
Are you talking about my lease? 3 years, 36,000 miles.
Also, I agree with the prior posters -- used to be you went in, SUV or not, and tried to give the dealer 3% over the invoice. With the premium package credit, you can legitimately offer over $1K below invoice or more and still get a decent deal.
Another thing I noticed is that versus its competition, BMW is at least trying to push decent deals. The Audi dealerships I dealt with "said" they wanted to sell the Q7s and were pushing big dollars off MSRP (from 66,000 to 60,000), but a 43% residual after 3 years versus the 57% for the X5 makes that a terrible deal. Case in point, Audi could not even get below 940/mos including tax for the MSRP 66,000 Q7, which, mind you, was not as well loaded as the 68,000 MSRP X5 I got, nor can it compare in driving quality, etc. Also, don't forget the better maintenance package you get with a BMW.
#924 of 2444 Re: 08 X5 4.8 in So Cal [wtf_123]
Aug 09, 2008 (10:36 am)
BTW, to go to 15,000 miles a year versus 12,000 is only another 30 or 40 bucks a month. I believe BMW charges 15 cents a mile when signing the lease, right? If you go over, they charge you 20 cents a mile.
Also, you can "buy" miles over your lease within a certain period before the lease ends for 15 cents versus the 20 cents they would charge if you go over and return the car.
For comparison, and I did not verify this, Audi claimed their overage for mileage is 25 cents.
#925 of 2444 Over Mileage Charges
Aug 09, 2008 (11:55 am)
From BMWFS, extra miles above 15K can be purchased at $.15 per mile. It is $.25 per mile if you turn the car in and go over at the end of the lease. You can purchase extra miles during your lease for $.16 per mile.
BMW's high residuals make them very attractive to lease vs. the competition, especially at or below invoice pricing.
I've read somewhere that BMW has been getting killed with off lease cars that aren't worth as much as their "pumped up" residuals and sometime soon may not offer such generous residuals for leases.
#926 of 2444 Re: Over Mileage Charges [nyccarguy]
Aug 09, 2008 (1:25 pm)
That is true. BMWs always have been blessed by the industry with the highest residuals of any large scale manufacturer. However, BMWFS has been subsidizing (inflating) the residuals to make the leases more attractive. Audi did this for a period of time 2003-2006, but once the cars were turned in, they were stuck with a hefty bill. They have stopped that practice. Audi feels they can improve their sales with low APR financing, as well as more attractive products
#927 of 2444 Re: 08 X5 4.8 in So Cal [wtf_123]
Aug 09, 2008 (8:33 pm)
I find your post really helpful, if you please can share the name of the dealer and the sales person you worked with. I 'm getting probably 30 dollars less of what you are paying but for a 3.0 wich is a whole different car. I 'd apreciate the time you take to reply to this message. Jesus
#928 of 2444 Re: 08 X5 4.8 in So Cal [wtf_123]
Aug 10, 2008 (3:38 pm)
Thanks for replying, I really appreciate it.
My 3 choice are X6 FX and RX not so sure about RX.
I am really considering getting X6 would like to know how does it compare to X5 FX and RX?
How fast does X6 v6 compare to the x5 v8? is the X6 louder and less smother than X5 RX FX?
I am really confused. Haven't seen the new FX so don't know about it but the price is a lot better than X6.
Personally I don't like nissan thats the reason not sure about Infiniti.
My first choice is X6 but is very expensive currently and not sure about the turbo engine and its a first year model. I wonder will it last for 5 years? How reliable is it? I've read a lot of issues with the X5
I am sure you already know after reading my post how confused I am.
I might end up with a normal sedan.
#929 of 2444 Re: 08 X5 4.8 in Mass
Aug 10, 2008 (5:24 pm)
Has anyone recent pricing experience (purchase)? I am seeing .9% in August, yet no reference to the Premium incentive that was in place in July. I am looking at 3 X5's in a tight price band of 64,500 - 66,000 MSRP. Thanks for any help!