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BMW X3 Prices Paid and Buying Experience

1544 messages, Last post on Sep 28, 2009 at 3:51 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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As stated above, i necessarily don't agree with leasing but my sis is bent on it. She is asking me for some advice and I'm at a loss so have turned here. She wants a very particularily optioned X3 in dark blue but nobody in a 250 mile vicinity has one so a local dealer has agreed to order her an '08. However, they're asking for a $1000 refundable deposit. They guarantee her $1000 off MSRP when the car comes in. I of course will make sure they're not upcharging the MF or dropping the residual but with $2000 neg equity in her current car, her lease payments will be in the high 600s for a $45K MSRP X3. What would you tell her to do in regards to placing the deposit or ??? The dealer is saying that they do not know the 2008 lease rates either yet - does this sound right? Thanks guys for any help.
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Replying to: chile96 (Aug 31, 2007 5:09 pm) I think I need to go with option 2 for now, knowing that I will one day have another BMW. I'm not driving as much as I used to since I have moved from the suburbs to the city. I just really appreciate the agility of the X3. I'm curious about the 1-series... |
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Replying to: chile96 (Aug 31, 2007 5:18 pm) The dealer probably doesn't know the '08 money factors... They likely won't be published until the month the first models are scheduled for delivery. regards, kyfdx
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Replying to: kyfdx (Sep 01, 2007 7:09 am) MSRP - 42,500 Supposedly what they 'sold' it to us for 38,500 My Lease: $3000 paid at signing $388/mo - 12k miles/year 24 mo term Now, here's what gets me and where I think I got slammed. My residual on the car is right around $32,400 at the end of the lease. So basically, I'm paying right around $12,500 in 2 years for a car to only go from $38,500 to $32,500? This to me doesn't make sense. Can anyone let me know if this was a good deal or not and what the residual part means? The people in the place kept complaining about how they're not making any money on the deal. Also, when I wanted to have a 3-yr term they wanted to bump up my price per month instead of lower it. Is that right? Thanks for any help...I'm a newbie when it comes to leasing/buying cars which is probably why I have such an aversion to dealerships.
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| I'm in the market for an '08 X3 in Miami, Florida. Can anyone tell me what I can expect to pay in terms of CAP cost, Residual and money factor? I'm returning a BMW lease so the money factor should be a little lower than for a new BMW purchaser, correct? The following are the specs: '08 X3,Premium package, xenon headlights, mettalic black. Edmunds does not have info on the '08s yet. Thanks in advance for your help. | |
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At the end of 2004, I leased a 2005 X3 2.5 I have decided to buy it at the end of my lease (coming up end of Nov 2007). It has 23,000 miles and is in perfect shape. Can anyone give me advice on how to prepare well to buy this car - what I can do to get the best deal and avoid any over payments? I have never bought a car after leasing it so am unsure on how it goes and how much negotiating room I have. Any assistance is appreciated.
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Replying to: reufim (Oct 25, 2007 1:12 am) You might try asking your question here: General Questions about Leasing Vehicles. You might find a wider audience, since your question is more about leases and BMW, than X3 specific. regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Oct 25, 2007 3:48 pm) |
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I just purchased an 08 X3. Alpine White, Prem. Pkg., Sport Package, Heated Front Seats, Xenon headlights, Privacy Glass. MSRP 45,325 Invoice according to Edmunds 41695 I got it for 2k under MSRP and I got 1.5k over KBB on my trade in. All in all it came out to right around 41825 out the door. That includes their bogus $200 dollar processing fee, which I made them reduce from $400. They also tried to make me pay a shipping fee of $900 to bring this one in from a different location. The salesman was gung-ho on not ordering it, claiming that we would be money ahead to pay the shipping fees and get this vehicle now, rather than take a deprecation hit on ordering a new one and waiting for 6 to 8 weeks. I almost couldn't contain my laughter on hearing that one. He then asked for just half of the 900, at which point I told him I'd rather order a new one and pay no extra. He then completely removed the fee altogether. I feel like I got a pretty decent deal, I'm not stupid enough to think the dealer didn't make their cut, but at least I don't feel like I got hosed and that's about all you can ask for when buying a car.
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Replying to: matt716 (Nov 04, 2007 8:23 am)
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