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Prices Paid: Buying & Leasing Experiences 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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Replying to: kyfdx (Mar 24, 2009 6:16 am) |
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Replying to: lawman1967 (Feb 07, 2009 9:51 pm)
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Replying to: jayvis (Mar 30, 2009 12:09 pm) There was no pressure whatsoever to lease, and my wife's cars average about 35,000 miles per year (mine are at about 50,000) leasing just isn't an option. We also looked at the RX350, nice car, but she preferred the feel of the X3.
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Replying to: lawman1967 (Mar 30, 2009 12:49 pm) |
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Hi Everyone, I need your help again. I am looking for 2007 X3 and have a few 'preliminary quotes' from local dealers here in the Bay Area. I also have a quote from a VW dealer -- the car is a lease return which the VW dealer says bought from BMW in an auction. And finally, I have a quote from a self-described 'small, independent used car dealer'. Note: All cars in question (i.e. BMW dealer CPOs, VW, and indie. dealer) advertised on Craigslist. Here is my issue. Since I just started the process the local BMW dealer quotes are on the higher sides as compared to the those from independent used car dealer and the VW dealer. Questions: What are the pros and cons of buying a CPO from a BMW dealer? Under what scenario would a deal from VW dealer or independent used car dealer make sense? Is it safe do buy a BMW from a non-BMW dealer? I have never bought a CPO before and I am unable to assign a value to it. This forum helped me with my previous new car purchases: a new 2004 X3 and again last July for a '08 Acura TL. (Thanks for all your help!) KYFDX and others: Looking forward to your insights and replies. Best, newBmr |
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If you are going to buy a 2007 AT I would HIGHLY recommend a CPO from a dealer. Not all, but by best estimate about 1 out of 10 of the 07's have transmission problems. A private dealer will be very limited in helping if you should be one of those ten. If you don't believe me read the many popular forums and ask yourself why there are so many 07's available. If you get one of the bad ones they can be an accident waiting to happen. 
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I love my 2007 X3. It's got just what I need with Step, NAV, Heated seats, Rear Climate package and Xenons. My residual is $32K (24mo/15K lease) and I only have 24K miles on it. I did purchase the "Safe Lease" return damage coverage of up to $5K. Only in the past 3 months I have had someone separately hit the rear bumper and front bumper in parking lots and now both ends needs painting. Otherwise I have never had a problem and it's perfect. Anyway, BMWFS called me today and offered $7000 off the residual and 5.9% for up to 60 months if I purchased! I was planning to turn it in next month but now I don't know what to do! Seems like a very agressive purchase offer and I was very suprised to get the call. Opinions?
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| is an outstanding purchase. If the car is trouble-free, I'd buy it. | |
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Replying to: jmcbmw (Apr 29, 2009 9:37 pm) However, if you take it, you won't be turning it in, and you won't be able to collect on your damage waiver, or get the bumpers painted on their dime.. I'd wait for them to call back.. Tell them you aren't sure you want it for $25K... maybe, they'll up their offer. regards, kyfdx
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Replying to: beemher (Nov 20, 2007 8:11 pm) I purchased a 2007 Bentley Continental GT from Jack Price at Ferman Wholesale/BMW (deal 47369 on feb 27 09) for 94,799.95, which was paid through wire transfer. I found Jack through eBay and contacted him directly to negotiate the price. I was told that the car was immaculate and that they have a wholesale guarantee that if the car is not as describe they would void the sale. I did a car fax and auto check on the car. I was also sent info from Jack on how the car was already pre-inspected. http://ferman-bmw.ebizautos.com/detail-2007-bentley-continental_gt-3404921.html I was told that we would agree on the price, send a deposit, make payment and then I would bid on eBay at the agreed price. I sent the deposit & full payment by wire transfer. I told jack that I would still do a full Bentley dealer pre-purchase inspection when the car arrived. Jack reassured me that the car is perfect. The car arrived a week later and upon receipt I noticed that the engine was making weird sounds. In addition, the car had dents and scratches that were should not have been there given the descriptions from Jack. I contacted him right away to mention these issues. Jack told me that they would pay to have the scratches and dents removed. He was surprised to see the damage when the car left. I sent the car to Bentley to have the pre-purchase inspection. The car had significant damage to it. They found that the undercarriage was heavily damaged through some sort of impact and had rusted. The damage even hit the brake line and exposed the line. They also found that the brake rotors & pads were heavily scored and needed replacing. They also found that underneath the rear of the car there was two holes cut out to attach a towing or bike rack mechanism. They also found that the windshield had a rock chip and other chips & scratches on the car. The car also had multiple spots where the paint's clear coat was peeling. They mentioned that the front bumper was removed ad then replace with non-standard Bentley screws & nuts, which are now rusted. The wheels of the car are worn on the inside edge to where they should be replaced. Overall, they said that the damage would cost about $9-10k to repair. I contacted Jack to request that they void the sale. I am not interested in a car with so many issues / stories given the price that I had paid for the car and how it was described to me. Jack turned me over to Jeff Stern, his manager. Jeff told me that returning the car is not an option. I showed Jeff the ebay auction and the link to the ferman site to show him the guarantee. He later told me that we did’t do the deal through ebay so it would not apply to me. Up until this point both Jack and myself were conducting the deal for the point of ebay. This was the first that I had heard of this and told that the auction was closed. I told Jeff that the auction and the ferman site listed above is how the deal was presented to me and thus should apply to me. I spoke with Jack who then told me that even if the guarantee applied, he would just take the negative feedback from ebay and not void the sale. Jeff told me that I only have 3 options: 1. Use the 500 towards the car repair, 2. Pay for the repairs myself or 3. Sue them. I was appalled and shocked that he said this to me. This is no way to do business. Jeff suggested that we work with a friend of his who works for a dealership Los Angeles to do the repairs at cost on the car. However, they would need the car for a few days and that I should drive it to them. Jim needs the car for a few days so I shipped them the car and told Jeff that it would be unreasonable to drive from where I live in Berkeley, Ca. I was quoted the cost of the repairs to be $2,892.50 including the cost of shipping. The repairs exclude replacing the wheels or the brake rotors & pads. Jeff has told me that he is only authorized to contribute $500. Their contribution to the repairs of the car is not acceptable and an insult me. I was lied to and the car was misrepresented. I have been told that Ferman's GM, Peter Gulotta is angry and wont contribute more to the repairs because had a higher offer for the car after I sent the deposit. Buyers Beware! For the amount I paid, I shouldn't have to have any of these issues. If they would do this on an expensive used car, I can't imagine what they would do to other buyers of used or new cars. Their verbal promises mean nothing and their written promises mean nothing. I have put everything I have into this car or otherwise I would sue them. |
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