Last post on Nov 25, 2013 at 11:14 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X3, SUV
#1423 of 1854 Used 2006 X3 3.0 - price?
Nov 19, 2007 (1:55 pm)
I'm looking at a used X3, just under 11k miles, with 29 months of warranty left.
Here is the equipment list -
Looks like the 'in service' date is 4/29/2006.
205 Steptronic automatic
240 Leather steering wheel
248 Heated steering wheel
249 Multi-function steering wheel
346 Chrome line exterior
402 Panoramic moonroof
438 Dark maple sycamore wood
459 Power front seats
493 Storage package
494 Heated front seats
521 Rain sensor/auto headlights
534 Automatic air conditioning
640 Phone prep
692 CD prep
693 Satellite radio prep
716 Aerodynamic package
761 Privacy glass
785 White turn signals
Body is good, tires good. One scuff on rear bumper. Dealer (non-BMW) is asking $28,888. I have mentioned $27,500, 'as is' (only one key/remote), or $28k with 2nd key/remote, and bumper repainted.
Comments? Any 'gotchas' on transfer of remaining warranty, free-service, etc? Quick responses appreciated, headed there tomorrow to deal.
#1424 of 1854 About to take the plunge into an '04 X3.........
Nov 19, 2007 (7:19 pm)
Hi all.......Newby here....Never owned a beemer....about to trade my '03 Land Rover tomorrow for an '04 X3 3.0, certified, premium pckg, pan roof, black/tan lthr, 35k miles 1 owner, for $25k, all comments appreciated good and bad.... Thanks
#1425 of 1854 FERMAN BMW FL, CAVEAT EMPTOR!
Nov 20, 2007 (8:11 pm)
I thought you should know about my experience Friday Nov. 16th at Ferman BMW dealership in Palm Harbor, Fl. I have owned and/or own Lexus, Mercedes and Porsche vehicles and have not yet had the experience of owning a BMW. I chose Ferman over any other dealer because of their century old reputation of integrity and golden rule philosophy. For the past two months I have been calling on newly listed Ferman BMW X3 ads from the internet as well as sending e-mails, asking, “Is this vehicle still available?” I have been told the same thing every time the very day they are listed, “that ones been sold but we have others very similar”. I found this to be both irritating and unusual since I looked every day without fail and called or e-mailed immediately, nonetheless I continued my quest.
I was very flexible as to what I’ve been looking for in an X3 as the only thing I did not want was a black interior. When I found my sixth ad in two months, a black and tan “04 for $24,988. I decided to avoid the “internet girls” and called pre-owned specialist Saul Gumpricht, and once again, I’m told, that’s been sold but we have at least 10 ‘04’s and he’s certain we can deal on one of those at that price.
So straight from picking up our seven year old girl from school at 3:30, we drove to the Ferman BMW dealership, it’s about an hour from my home. 4:30 p.m. Upon arrival we were greeted by Saul Gumpricht who’s polite and professional (but new and was not trained to even show how to unlock the doors from the inside), we looked at a similar X3 as in the internet ad, an ’04 X3 under 50k miles black/tan, premium but we could not deal on it because the odometer statement was not signed by the prior owner nor had it been certified yet.
We then walked the entire dealership to find another X3 that was similar that was a certified pre-owned and ready to sell. Saul now knowing exactly what I was looking for and price said this car will work, ignore the $32k price listed, we can work on that, as it was sticker priced ten thousand over our budget.
During our test drive I heard wind blowing in the car and was concerned my seven year old’s door may be open (it was dark and cold out Friday night), then I found both rear windows were open an inch, when I tried to close one it wouldn’t close and when I tried to close the other it dropped into the door frame with a loud clunk! (My first BMW experience!). Saul said, he’s never seen anything like that, not even at the Nissan dealership he came from.
Saul walked us around the lot and upon walking past the service shop a mechanic floored and surely redlined a 535i blue smoking the engine and cutting on the engine kill while screaming yeee-haw on the top of his lungs. I got some of this on video from my cell phones video cam (YOU TUBE) We all looked at each other and Saul smirked and said they have to do that once in a while. My thoughts were, can you imagine if the owner of that car saw that! I probably would not have given that a second thought had the rear windows not fallen out of a newly certified BMW I just drove with my family. I now questioned QC…
After walking around again we found another X3, although this one had a 3.0 and I was looking for a 2.5 since 50 extra hp did not matter to me as much as a lower price since I clearly told Saul, “I don’t want to waste time, I want to purchase tonight and want to be realistic and find a vehicle that will sell for $24k, although the ad we printed was on an identical vehicle with 11k miles less than the one we were now dealing on.
At this point we were all tired and way passed dinner as 4 hours had now passed, the dealership was closed and a seven year old girl gets antsy to say the least. 8:30 p.m. We sat inside to just go back and forth as the $24k price went up to $31k+ on an identical vehicle less the 11k mileage difference. Saul told us his manager Karl Alvarez said, that car we came in on that sold was sitting on the lot for 6 weeks and that’s why it was priced at 24k. How can that be if I was on the internet every day for two months and called on every vehicle immediately? We did have a ’03 Land Rover trade but did not need to trade it. We were $4k apart with or without the trade and 4.5 hours later of vehicle anomalies and a broken supposed certified vehicle shown to us, Saul’s manager, Karl Alvarez never even came out to introduce himself or apologize for our series of unfortunate events.
My experience has reminded me of my college days, buy here pay here used car lot with a bait & catch ad for a car that never existed, when I bought my ’74 Camaro in ’78 and the headliner fell on my head while test driving.
The manager Karl Alvarez called us Monday night 2 days after reading this letter and told us the vehicle we were dealing on is ready if we want to come in on Tuesday. Once again this dealership flat out lied! We feel so bad for all the people they must have scammed. We did and the car was an absolute disaster. It was filthy, the bumper needed replacement, there were rattles in the roof and windows, the left and right windshield frames where material covered the pillars were all bunched up as if the dashboard was removed. Then they wanted to rape you on your trade in and rape you on the sale of their so called “certified car”? What does that make Mr. Ferman? CAVIAT EMPTOR!
#1427 of 1854 Re: Did I get a good deal? [sebastiancain]
Nov 23, 2007 (6:50 pm)
Sounds like $38,500 is too much of a residual after 2 years but is possible. Remember, it is based on the MSRP, not the 'agreed upon price'. You also have to remember you are paying for taxes and the dealer has to make a profit.
My 07 X3, fully decked out (NAV, Prem, 6 speed, sports, etc.) was MSRP at $50,500. I leased it for $3800 down and $641 a month, 10 K a year. So your deal sounds pretty good actually. I am paying more upfront, $800 more than you. And $253 more per month. But I am also driving 'more' car, 8 grand more than your MSRP so my payments are of course higher.
And a 3 year term is higher on the BMW's because you are leasing it for three years vs two. If you lease it for less, that's less guaranteed income for the car and when you trun it in, BMW has to clean up the car and sell it to the next Joe or Jane which means more overhead - paperwork, sales people involved, another car on the lot, etc.
Search the internet for the residuals on the BMW and you will find they are fairly high - they are good vehicles.
I like my BMW very much - I bought it specifically for WA state - but when I get back to TX, I am probably going to get a 5 series, or a M3 or maybe even a station wagon. I love the power in my X3 but need something a teeny bit faster .
#1428 of 1854 Re: FERMAN BMW FL, CAVEAT EMPTOR! [beemher]
Nov 27, 2007 (4:55 pm)
ANOTHER FERMAN BMW EXPERIENCE November 27, 2007
I received a phone call today out of the blue from Ferman BMW manager Peter Gulotta and he said we want to make things right, that they don't like leaving things off with a bad experience and that he had an '04 this time X5 at an agreeable price with my trade. I was at work but made arrangements to leave to get there at a reasonable hour. I had my wife call Mr. Gulotta to let him know we were coming in and to reconfirm the deal and car specs. He told her he made a mistake, that it was an X3 and he laughed about it! My wife asked, why are you playing with us? He said, he's not but it's a fun cat and mouse game, it's the good thing you didn't come down a third time for nothing while laughing. He ended off by saying, great deals are only given to friends of the Ferman family.
#1429 of 1854 Re: FERMAN BMW FL, CAVEAT EMPTOR! [beemher]
Nov 28, 2007 (3:00 pm)
Sorry to hear about your experience. First off, let's face it, you're dealing with one of the poor dealerships. Why you would even take the last phone call is beyond me. In any event, I have purchased many cars in my time and most recently a BMW. I have found that a majority of the dealerships I've been to have extremely poor service. It's just the nature of the beast. I purchased three VW from a dealership in one year and a year later I can't even get a return phone call. Bottom line is that it's your hard earned money and if someone isn't going to treat you with the respect you deserve then take your business elsewhere immediately. Once you find that good dealership, stick with them and recommend them. Unfortunately, the car world is full of this attitude and why it's painful for most to go car shopping.
Nov 28, 2007 (3:07 pm)
I recently ordered an X3 with options totaling approx. $46k MSRP. I got a 67% residual on a 36 month/12k year lease with a MF of 0.00275. I think that's the going rate. In the Chicago area, I strongly recommend Patrick BMW in Schaumburg. Ask for Greg C. He is very helpful and informative through the entire process. I went to Bill Jacobs in Naperville and they were completely rude and unhelpful. I'm not sure how they sell any cars there.
#1431 of 1854 Re: 2008 X3 [howyjrenld]
Nov 28, 2007 (4:35 pm)
67% residual? Is that accurate? Wow!
#1432 of 1854 Re: 2008 X3 [bodble2]
by kyfdx@Edmunds HOST
Nov 28, 2007 (6:56 pm)
X3 residuals have been crazy high for quite awhile... At least as far back as early Spring..
The really killer deals were in the Summer on the '07s.. But, the deals are good now, especially for current BMWFS customers.