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BMW X3 Prices Paid and Buying Experience

1461 messages,  Last post on Jul 31, 2008 at 2:04 PM

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What is this discussion about? BMW X3, SUV

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#1427 of 1461 Re: Did I get a good deal? [sebastiancain] by jiminwa Nov 23, 2007 (7:50 pm)
Replying to: sebastiancain (Oct 16, 2007 6:31 am) 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 .   Jim
#1428 of 1461 Re: FERMAN BMW FL, CAVEAT EMPTOR! [beemher] by beemher Nov 27, 2007 (5:55 pm)
Replying to: beemher (Nov 20, 2007 9:11 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. Replies to this message: howyjrenld (Nov 28, 2007 4:00 pm)
#1429 of 1461 Re: FERMAN BMW FL, CAVEAT EMPTOR! [beemher] by howyjrenld Nov 28, 2007 (4:00 pm)
Replying to: beemher (Nov 27, 2007 5:55 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.
#1430 of 1461 2008 X3 by howyjrenld Nov 28, 2007 (4:07 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. Replies to this message: bodble2 (Nov 28, 2007 5:35 pm) kyfdx (Nov 28, 2007 7:56 pm) howyjrenld (Nov 29, 2007 3:25 pm)
#1431 of 1461 Re: 2008 X3 [howyjrenld] by bodble2 Nov 28, 2007 (5:35 pm)
Replying to: howyjrenld (Nov 28, 2007 4:07 pm) 67% residual? Is that accurate? Wow! Replies to this message: kyfdx (Nov 28, 2007 7:56 pm) howyjrenld (Nov 29, 2007 3:25 pm)
#1432 of 1461 Re: 2008 X3 [bodble2] by kyfdx HOST Nov 28, 2007 (7:56 pm)
Replying to: bodble2 (Nov 28, 2007 5:35 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.
#1433 of 1461 Re: 2008 X3 [bodble2] by howyjrenld Nov 29, 2007 (3:25 pm)
Replying to: bodble2 (Nov 28, 2007 5:35 pm) Yeah, totally accurate. If you're leasing and looking to spend a little, BMW or Audi are the way to go. Purchasing, I'd stick with Japanese.
#1434 of 1461 Re: FERMAN BMW FL, CAVEAT EMPTOR! [beemher] by darthwohl Dec 01, 2007 (7:51 pm)
Replying to: beemher (Nov 20, 2007 9:11 pm) What an absolutely horrible tail. You need to forward your post/letter to BMW customer service. I'm sure that they would love to read it. I have a 2007 X3, and if i saw one of the techs gunning it and screaming out loud while doing so, I'd freak out on them like no tomorrow and talk to every customer service person BMW employs.   I love my X3, and it has provided nothing short of an incredible overall experience. I suggest you not get down on BMW as a whole and find a vehicle that you like in your price range and go to a more reputable dealer. Maybe friends could provide a referral l to you?   By the way, as you mentioned, the bait and switch tactic is probably as old as the sun! And BMW is no different than anyone else in that regard.   Good luck and keep us updated on how things work out.
#1435 of 1461 December update: X3 by koberry Dec 04, 2007 (6:54 pm)
Hi:    I've held off on a car hoping December lease support might improve... can you lend a hand with residual & mf for 36 & 24 months at 15k miles/year?    Thanks,    Ken
#1436 of 1461 December update: X3 by koberry Dec 05, 2007 (5:29 am)
I'm also considering financing over 60 months - anyone know BMWFS current best rate for the X3 over 60 months? My credit scores would qualify for BMW's best rate.   Thanks,   Ken Replies to this message: koberry (Dec 08, 2007 7:09 am) infinitimn (Dec 11, 2007 5:29 pm)

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