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BMW X3 Prices Paid and Buying Experience

1550 messages,  Last post on Mar 02, 2010 at 11:35 AM

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What is this discussion about? BMW X3, SUV

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#613 of 1550 Re: lease deal on 2005 X3 3.0 [kyfdx] by argento Mar 18, 2005 (3:00 pm)
Replying to: kyfdx (Mar 18, 2005 2:35 pm) No offense taken. Regards   Argento
#614 of 1550 Re: lease deal on 2005 X3 3.0 [kyfdx] by x3for3 Mar 18, 2005 (5:51 pm)
Replying to: kyfdx (Mar 18, 2005 2:35 pm) Thanks very much for all your help.   Good deal or bad, it's done as mentioned before. But that was an experience. Have never negotiated on a price of a car like this before. Learned a lot.   Dealer told me they made profit of less than $2000, who the hell knows? Although they threw in front and rear all weather mats. What's the least they should have profit?   By the way, the car is awesome!   Thanks again. Replies to this message: kyfdx (Mar 18, 2005 5:58 pm) x3for3 (Mar 18, 2005 6:10 pm)
#615 of 1550 Re: lease deal on 2005 X3 3.0 [x3for3] by kyfdx HOST Mar 18, 2005 (5:58 pm)
Replying to: x3for3 (Mar 18, 2005 5:51 pm) I think that is probably accurate.. A total profit of around $1600 maybe...   I don't know what the least is... At that dealer, that may be the least they will accept..   Overall, regardless of their profit, it looks like a pretty good lease deal.. Not a bad price for a $43K car.. Replies to this message: x3for3 (Mar 18, 2005 6:10 pm)
#616 of 1550 Re: lease deal on 2005 X3 3.0 [kyfdx] by x3for3 Mar 18, 2005 (6:10 pm)
Replying to: kyfdx (Mar 18, 2005 5:58 pm) Actually it was your help that I could get a $40 deducted from the monthly payment. They were surprised that I even knew about it. They actually told me that they didn't usually pass it to a settled deal.   Thanks.
#617 of 1550 Completed Deal Thanks to Kyfdx by ledname Mar 19, 2005 (12:25 pm)
Finished my deal today at BMW of W. Springfield (MA)   X3 3.0 Auto Premium Cold Heated Steering Xenon Privacy Satellite Prep Mystic Blue   MSRP 41395   Cap Cost 39850 (inluding acq fee) MF .00100 Resid 59%   Payment $522.37 (includes 6% Sales Tax)   Due at signing: 522.37+ $550 deposit + 289 Doc fees (would not negotiate these)= $1361.37   Now I just have to help they can locate it...apparently Mystic Blue is not as available as other colors.   Will write back about delivery process.
#618 of 1550 Lease math question and best quote I can find in So Cal by holdsg1 Mar 19, 2005 (6:08 pm)
Today I received a dealer quote with enough detail to check the lease math. I found a few things I was not quite expecting,   First, this dealer is basing the residual value (61% in this case) off of MSRP, not negotiated sales price. Is that the way it is supposed to go? If so, I need to recalibrate my own lease math spreadsheet.   Second, and reminding me of Kyfdx's advise not to pay cap cost reduction if you can avoid it, you also pay sales tax on the cap cost reduction (in the deal quoted me, the tax was computed on the cap cost reduction plus a documentation fee of $45). How does the state get away with that one? I guess it helps one understand that cap cost reduction is nothing more than prepaid depreciation and interest (better to keep it in your own pocket, then).   Lastly, the dealer is quoting a money factor of .00135, which thanks to this board is definitely a target for negotiating down.   In case anyone is still reading, here are the details of the deal, BMW of Riverside, CA.   X3 3.0 only options are metallic paint and satellite prep MSRP: $37,545 incl dest. Selling Price: $35,490 Term: 36m, 12k miles Money factor: 0.00135 Residual: 61% Bank fee: $825 Cap Cost Reduction: $2,325 Cap Cost tax: $183.67 Tags: $300.75 Documentation fee: $45   Monthly payment (pretax): $384.79 Total drive off: $3,269 Replies to this message: kyfdx (Mar 19, 2005 10:02 pm)
#619 of 1550 good deal? by drmy Mar 19, 2005 (6:46 pm)
x3 3.0i msrp 39870 selling price $37763.56 36mo/15k acq fee $625 (included in cap cost) govt fees $196 taxes $1888.18 (Maryland) sec deposit $550 initial payment $1084.82 (sec deposit and first mo.) money factor .00100 mo payments $534.82 Replies to this message: kyfdx (Mar 19, 2005 10:04 pm) drmy (Mar 20, 2005 10:49 am)
#620 of 1550 Re: Lease math question and best quote I can find in So Cal [holdsg1] by kyfdx HOST Mar 19, 2005 (10:02 pm)
Replying to: holdsg1 (Mar 19, 2005 6:08 pm) 1) I think they are adding the $825 acq.fee into the cap cost, before making your cap cost reduction.. This acquisition fee is marked up $200.   2) Yes.. residual is always figured off of MSRP.   3) It looks like they are bumping the money factor from .0010 to .0012, and also adding .00015 in exchange for waiving the security deposit.. giving you a total of .00135.   4) You are correct about the tax on cap cost reductions... but, the same is true for doc fees.. and acquisition fees for that matter.   I would ask them to drop the acq.fee to $625, and to use the base money factor of .0010.. and make the security deposit to avoid the waiver bump up to the money factor.   $37,545 MSRP $35,490 Selling price $36,115 CAP cost (selling price + $625 acq.fee) 36mo/36K lease 61% residual .0010 Money factor Payment $426.mo. pre-tax..   Due at signing: 1st payment, security deposit, $345 tags and doc fee... Probably right around $1300 total...   regards, kyfdx
#621 of 1550 Re: good deal? [drmy] by kyfdx HOST Mar 19, 2005 (10:04 pm)
Replying to: drmy (Mar 19, 2005 6:46 pm) Well.... I got $534.81   Is that close enough?   It looks good.. Those are all the base lease rates... If you are happy with the selling price, then everything else is right on the money. Replies to this message: drmy (Mar 20, 2005 10:49 am)
#622 of 1550 Re: good deal? [kyfdx] by drmy Mar 20, 2005 (10:49 am)
Replying to: kyfdx (Mar 19, 2005 10:04 pm) thanks! I was hoping you would answer this wknd . We are going in to seal the deal tomorrow!

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