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Prices Paid: Buying & Leasing Experiences BMW X3 Prices Paid and Buying Experience
1461 messages, Last post on Jul 31, 2008 at 2:04 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: sharkala (Mar 12, 2004 5:58 am) My buying experience and experience with dealers: if you have money you want to fork over, they love you. They're never as tacky as say a Nissan or Ford dealer but at their base they're just car salesmen trying to make a profit off a great name. I think the internet BMW CPO is the best way to go because the value on these drop pretty drastically from new to 1 or 2 years old. You have to search for the features/colors/price you want but it can really save you thousands. Also, I don't think there's a 'best time of year' to shop. I would go in trying to buy at the suggested internet listing cost then simply ask if they'll take less. When I was shopping around I'd always ask if they'd accept less and they always would, but they'll never volunteer that. The most I was able to reduce price by was $3,500. the least reduction was $1,500. I think it's worth that much to ask the question since the worse they can say is 'no'. As for the BMW X3, I love it but in retrospect it'd be hard choosing between the X3 and the Volvo XC 90. I think the X3's interior is spartan by comparison but I like the exterior slightly better. Tough call and worth a test drive to get the final check before you take the $30+K plunge. Good luck.
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Replying to: chrisgiraffe (Jul 23, 2007 5:03 pm) Regrettably, I didn't do very well at negotiating the 325xi, and am hoping to do better this time around if I can. The one problem is, I do drive a lot of miles myself... around 25k per year. I also like to own new vehicles after a few years, which typically isn't a good plan for a lease. I'm having difficulty deciding if a lease would make any sense, even if I wanted to order the x3 of my dreams and buy the car afterwards. My dealer is trying to convince me to go with a 10K miles lease in that case, but that doesn't make any sense to me, even if I really love the car. The residual value will be priced a lot higher than the car will actually be worth. Should I buy 10-15K extra miles up front? I would think that payment wouldn't be much better than an outright purchase, but I am trying to keep the payments in a decent place relative to a 5 year term. Before I even bother negotiating, does anyone have any thoughts as to the viability of even considering a lease, especially if there are no special incentives left for 07? Many thanks for any thoughts/suggestions. |
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Hi, I am looking to do a 24 months lease on the X3, 15K miles per year. I was quoted the residual value of 75%, and the money factor of .00215, which they say is discounted from .00230 since I currently have a BMW. From the postings in this forum, I learned that the discounted rate is .00150. I currently have a bought (not leased) 2004 530i financed through BMWFS, halfway through the payments. Do I qualify for a discounted lease rate? Is the dealer tricking me into believing that I get a discounted rate while I actually do not? Thanks for the help.
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Replying to: texgas (Jul 26, 2007 1:18 pm)
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Replying to: nyccarguy (Jul 26, 2007 4:51 pm) |
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$1000 above invoice is completely doable on an '07 X3 due to the fact that BMW is trying to move these vehicles. The 75% (2 year) & 65% (3 year) are evidence of that & it is the end of the model year. Given the fact that my Dad was able to lease an '07 X5 (new body style, much hotter selling vehicle) for $1000 over invoice you should be able to get an X3 for $1000 over invoice.
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Replying to: nyccarguy (Jul 26, 2007 7:01 pm)
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Replying to: texgas (Jul 27, 2007 12:27 pm) J |
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Replying to: nyccarguy (Jul 26, 2007 7:01 pm) J |
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Replying to: Andyboy1974 (Jul 07, 2007 1:57 pm) J
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