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BMW X3 Prices Paid and Buying Experience

1822 messages,  Last post on May 14, 2013 at 4:40 PM

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What is this discussion about? BMW X3, SUV

Messages Page 36 of 183

#347 of 1822 Re: BMW X3 3.0i -2004 - help me with pricing [bmwksr] by bmwksr

Oct 21, 2004 (2:44 pm)

Replying to: bmwksr (Oct 21, 2004 1:44 pm)
Thanks and I planned to let it go. I found one more and is a similar one and following are the details.
 
1. BMW dealer, 2004 X3 3.0, premium package,privacy glass, metallic
 
2.mileage:7000, asking price $35K, CPO vehicle.
 
3. Again the deal is it is 1800 miles from my place.
 
4. I checked the Carfax, No scary things on the report
 
and...will follow the routine. will await for your advise.
 
Thanks alot for your help.

#348 of 1822 by pjo1966

Oct 21, 2004 (10:41 pm)

Here's a deal I was offered. It doesn't seem to add up...
 
2004 X3 3.0
Steptronic
Leatherette
Metallic Paint
Privacy Glass
 
MSRP $41,245
Residual 59%
Residual Value $24,334.55
Cap Cost $38,740
Cash Cap Reduction $4958.12
Trade Allowance $-7758
Bank Fee $725
Adjusted Cap Cost $42,264
Term 36
Rate .00065
Total Monthly Payment $586.00
Base Monthly Payment $541.34
Cap reduct Tax 8.25% $409.04
Use Tax $ 8.25% $ 44.66
DMV Fee $307
CA Tire Fee $5
Customer Cash Down $6265.16
 
They swore up and down that they were not rolling negative equity into the loan, but it just doesn't add up. I know it's a bad deal just because the difference that would need to be paid to get out of my current lease would not be justified by the total monthly payment, which would be identical to my current lease payments. I was just wondering how they came up with these figures. My payoff is $35,250 and they said they could offer me $28,000.
 
Thanks...

#349 of 1822 by markjenn

Oct 22, 2004 (7:46 am)

I'm not a leasing expert, but I think they can argue that they're not putting negative equity in the new deal by virtue of your "cash down" being approximately equal to the "trade allowance". I don't know if it is a good deal or not, but the numbers look kosher to me.
 
- Mark

#350 of 1822 Re: [pjo1966] by kyfdx HOST

Oct 22, 2004 (7:56 am)

Replying to: pjo1966 (Oct 21, 2004 10:41 pm)
Trade allowance: -$7758
Cap cost reduction: $4950
 
You are paying $4950 of your negative equity off and they are rolling the other $2800 into your lease..
 
Is your current vehicle leased or do you own it? Unless you are just dying to get out of it, I'd keep driving it.. That is a big hunk to swallow.
 
Also, it looks like they are bumping up the money factor in lieu of a security deposit.. In the long run, you are better off making the security deposit and using the base MF (.0005).
 
Their numbers look accurate on the lease, but you are paying $7758 to get out of your current car.. I just wouldn't do that, but that is up to you.. Bargain hard.. if you are going to do this, every dollar you save is going straight into your pocket..
 
regards,
kyfdx

#351 of 1822 Re: BMW X3 3.0i -2004 - help me with pricing [bmwksr] by kyfdx HOST

Oct 22, 2004 (7:59 am)

Replying to: bmwksr (Oct 21, 2004 2:44 pm)
1800 miles!! Jeepers, where do you live, Alaska?
 
I like the low mileage... Again, have them fax you the BMW vehicle history report.. There are a lot of things that don't show up on a Carfax, but if they have done any maintenance or mechanical work, it will show up on the BMW report.
 
Seriously, how far away is the closest BMW dealer?
 
regards,
kyfdx

#352 of 1822 Re: [kyfdx] by pjo1966

Oct 22, 2004 (8:17 am)

Replying to: kyfdx (Oct 22, 2004 7:56 am)
I don't understand why people feel the need to lie. I told them up front and several times thereafter that if the gap between what I owed and what I could get was too great I would have to wait. Under no circumstances did I want to roll negative equity into a new loan. They swore they were not doing that.
 
In answer to your question, kyfdx, It's a 5 year lease... a big mistake that I'm trying to get out of. Now that I know that the trade-in is going to be too expensive I'm attempting to sell it privately to close that gap.

#353 of 1822 Re: [pjo1966] by kyfdx HOST

Oct 22, 2004 (8:26 am)

Replying to: pjo1966 (Oct 22, 2004 8:17 am)
It must be a fairly new car... If you drive it a couple of years, the amount to get out of it may be less.. Getting out of a bad deal is sometimes more expensive than just completing it.
 
But, if you can get more $$ by selling it yourself, then that is the way to go... If not, eventually you will break even (when the lease is up).
 
Good luck,
kyfdx

#354 of 1822 by pjo1966

Oct 22, 2004 (9:23 am)

It's a 1-year old red Infiniti FX35. I have many reasons for wanting out of the deal, all of them having to do with the company. If I can make it work I'll move ahead. If not... I'm still driving a great car.
 
kyfdx...could you please give me an idea of what my payments should be for the following...
 
2004 BMW X3 3.0
Panoramic Sunroof
Metallic Paint
Steptronic
Leather
Premium Sound
Satellite Prep.
 
I'd like to put as little down as possible, just first payment and whatever fees would be due for leasing in Los Angeles.
 
Thanks again for your help and input.

#355 of 1822 Re: [pjo1966] by kyfdx HOST

Oct 22, 2004 (9:38 am)

Replying to: pjo1966 (Oct 22, 2004 9:23 am)
Give me the MSRP

#356 of 1822 by pjo1966

Oct 22, 2004 (9:44 am)

I knew I forgot something...
 
MSRP $41,125

Messages Page 36 of 183

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