Last post on Dec 05, 2013 at 10:43 AM
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BMW X5, Car Leasing, SUV
#1548 of 2374 BMW X5 Lease Numbers - CAR_Man Input needed
Mar 24, 2011 (7:51 pm)
For 2011 BMW X5 Diesel with the following specs:
BEST Selling Price: $55,600 ...I am targeting $54,000
Tech package, Premium package, Ipod USB adapter, Heated front seats, Running boards, 3rd row seat and Roof rails
Vermilion Red metallic with Beige Interior and Dark Burl walnut wood trim
Can you please help me with the BEST (most econmical) quote I should be aiming for ?
I really appreciate your input
#1549 of 2374 Car_Man...I am Car Less
Mar 25, 2011 (9:25 pm)
I am right now car-less. Eagerly awaiting your feedback
Apr 02, 2011 (12:12 pm)
Looks like April number are exactly the same as March - got a call from a dealer today. I was hoping they would change for the better.
#1551 of 2374 Re: Need help to calculate Numbers [raksgal]
Apr 05, 2011 (3:48 pm)
Hi raksgal. This truck probably has a spread of just under $5,000 between its full MSRP and its dealer invoice price. BMW is providing a $3,500 option credit on X5 Diesel models on top of that. That's a total of $8,500 to play with during your negotiations. So theoretically the price that you are targeting is probably attainable, but it is probably slightly aggressive.
Prices Paid: Buying & Leasing Experiences Forum
#1552 of 2374 Re: Car_Man...I am Car Less [raksgal]
Apr 06, 2011 (2:05 pm)
Definitely attainable, but it takes some effort and possibly even taking what they have on the lot as opposed to ordering. I bought my 2011 X5 35d at a dealer 1 hour from my home with the following options:
Platinum Grey Metallic, Black Nevada Leather
Roof Rails, Running Boards
MSRP - $61,825
Paid - $54,033 (incl eco credit)
Negotiated $61,825 down to what he claimed was his invoice of $57,533 (he showed me the computer screen with this amount next to dealer cost - however, multiple sites had the invoice a little less, Edmunds $56,775, Kelly BB $56,975, not sure about the difference, but I figured close to $8k off MSRP was pretty good).
One tip for you, I began the negotiations by using the USAA car buying service (AAA, Amex and others have something very similar, it's run by Zag). The service identified this dealer, they called me the same day I entered my requested car into the site, and there was very little back and forth after that. The USAA site showed my price at $700 over invoice ($58,065), then subtracted the Eco Credit to end up at $54,565. I ended up getting an additional $500 off of that price, probably because I was willing to take the X5 off of their lot on the last day of the month. Anyway, $54k is possible, you just have to want it! Good luck! Sorry, one more tip...use Bank of America to finance it instead of BMW Financial. BofA is offering 2.99 for 60 months or 3.49 for 72 months (my actual APR for 72 ended up at 3.67), which is still way better than the 4.9 for 72 that BMW is offering. That's it...once again, good luck and enjoy the 35d, it's AWESOME!
#1553 of 2374 Re: Car_Man...I am Car Less [jcartwright]
Apr 06, 2011 (2:20 pm)
which city and state you are in?
#1554 of 2374 Re: Car_Man...I am Car Less [ab10000]
Apr 06, 2011 (2:59 pm)
Philadelphia, PA. However, I purchased the vehicle at Open Road BMW in Edison, NJ.
#1555 of 2374 Re: Need help to calculate Numbers [ab10000]
Apr 07, 2011 (11:17 pm)
What are deals for 2012 diesels?
#1556 of 2374 Re: Lease Program for 2012 X5 [Car_man]
Apr 07, 2011 (11:19 pm)
How about April lease and incentives for 2012 x5 diesel?
#1557 of 2374 Re: Need help to calculate Numbers [zoran]
Apr 08, 2011 (4:27 am)
BMW offers a $3,500 Eco Credit on the X5 35d. It's a month to month program that has been offered every month in 2011, but is currently only valid through 5/2...unless they decide to renew it again, which is pretty likely. The financing is 4.9% for 24 - 72 months, you can do better with other lenders (Bank of America for instance). All details of Eco Credit and financing available on the BMW site and on Edmunds under X5 Pricing and Incentives.