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BMW X1 Prices Paid and Buying Experience

26 messages,  Last post on Mar 12, 2013 at 1:06 PM

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What is this discussion about? BMW X1, Car Buying, Car Leasing, SUV

    

Messages Page 3 of 3

#16 of 26 X1 m sport by cartman503

Nov 20, 2012 (4:08 pm)

Hi car man! I wanted to get clarification on BMW's holiday and loyalty rebates. My as built MSRP is $45995 and we agreed to do $1000 over invoice. My question is does the rebates take the price down further? The dealer is saying my price of $41500 is not possible.

#17 of 26 Help a foreign dummy by scl1

Nov 21, 2012 (12:13 am)

Hi, I am thinking of getting a new X1.
 
I'm a foreigner, I studied in a US graduate school for 2 years, and recently got a job and Social Security Number. I don't have a 'real' credit history, as it's been only 2 months since I started using my credit card(I only used a debit card when I was studying). I'm on my student visa now, which expires in 31 months, but I'm pretty sure my employer will file for a working visa in the next year.
 
I've been browsing the web for a small SUV, like Merc GLK, BMW X1, Audi Q5, Honda CR-V, Mazda CX5, and so on. So far, I test drove X1, GLK, and CR-V. And I'm more inclined to get X1, as it was the cheapest among the expensive cars. (+design, fuel economy, fun to drive, ...) Anyhow I'm considering the basic sDrive28i with minimal options.(heated front seats, and maybe the sunroof)
 
As my status is unusual and I only have $10,000ish for a down payment, I'm thinking of financing, or even leasing if available. I filled out credit application at those three dealers. Every time the dealer told me I should file the application to give me a quote, and the rate, and I thought that's normal procedure. I just wanted to see how much I should expect to spend and if I'm eligible for a lease. Here question comes. Did I make mistakes? Have I provided too much information and made my credit rating even worse? Shouldn't they be able to provide the quote and rate, having data on my employment, salary, rent?
 
I just dropped the contacts to Merc and Honda, as anyway I didn't want those cars, and I'm talking with a BMW dealer. As we dicussed the term in front of his monitor, he had shown me some arbitrary rates, and some quote $1,000 above its invoice. He still hasn't given me specific quote and rate, so I asked him by email for the numbers we saw, as I hoped to crunch numbers and figure out what I should do.
 
But he answered that he cannot "go forward" without my documentation so I need to send him my employer's letter, copy of my visa, copy of my drivers license. It's ridiculous that he answered "Leasing at 30 month with $10K drive-off and your payment estimated at $205 amonth if BMW give you a good rate. Purchasing at 30 months with $10k down and your payment estimated at $915 amonth if BMW give you a good rate." so I asked again what the good rate was, and he answers "I can't give you any rate because I don't know what BMW will give you. I will need all the information BMW requested from you in order to come up with rate to structure your lease or purhcase." Is he right in this context? It feels very uncomfortable that the Merc dealer told me exactly the same thing. (And I ended up not having a quote)
 
Do I need to send the documents to just get the quotes? Or should I walk away and find another dealer? If so, how should I approach them?
 
I'm sorry for a violence with this long story. Thank you for reading with patience, and I ask for your advice.
-SC

#18 of 26 Re: X1 m sport [cartman503] by Car_man HOST

Nov 25, 2012 (7:16 am)

Replying to: cartman503 (Nov 20, 2012 4:08 pm)
Hey cartman503. Sorry for the delay in my response, I've had company for the holidays and things have been a little busy. The answer to your question all depends upon what you and the dealership negotiated. Chances are that the dealer included all available cash incentives in the price that they offered you, but that's not necessarily the case.
 
In my opinion, $1,000 over invoice minus the cash incentive for an actual selling price of invoice is reasonable. $1,000 over invoice without taking off the cash incentive is really more like $2,000 over and a little high for my taste.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#19 of 26 3% off MSRP + $500 rebate by minothor

Nov 28, 2012 (3:30 pm)

My dealer is offering me 3% off MSRP and a $500 rebate if I purchase before end of the year. What do you think of this deal?

#20 of 26 3% off MSRP by allanny13

Nov 30, 2012 (3:12 pm)

Hi minothor,
 
I got 5.25% off MSRP before holiday cash and I probably could have pressed for more to get closer to invoice (almost a 9% spread between MSRP and invoice for the car I leased). Since this is a new car it's pretty hard to get too close/below invoice, but 3% seems pretty weak to me...

#21 of 26 Re: 3% off MSRP + $500 rebate [minothor] by leeshuck

Nov 30, 2012 (3:29 pm)

Replying to: minothor (Nov 28, 2012 3:30 pm)
I'm in Southern California and have seen prices of about $500 over invoice or even less. Work from the invoice price and get any available incentives. If you're going to lease watch out for dealer markup of the base money factor and other fees.

#22 of 26 X1 xdrive 28i w/ Moonroof and heated seats by madayan

Dec 29, 2012 (6:27 am)

We bought an Alpine White X1 xdrive 28i yesterday from Passport BMW in Maryland. The only two options were the panoramic moonroof and heated seats. MSRP was $34,995, paid $32,695 + TTL before the $500 rebate. So our net price is $32,195 + TTL. This seems to be around $300 to $400 (depending on the source) over invoice before the rebate.

#23 of 26 Good deal? X1 sDrive for less than $2940 by mango39

Feb 28, 2013 (8:41 pm)

Hi:
 
Just bought X1 sDrive with MSRP $34900 for $32K+TTL with Sunroof, Heated Seats, Power Seats, Wood Trim and let me know if it is a good deal. I am in Texas area.
 
MSRP : $30,800.00
 
Options:
Sunroof: $1250.00
Power Seats $995.00
Heated Front Seats: $500
Wood Trim: $500
 
Total: $34.940
 
Got it for $32K + TTL.

#24 of 26 Re: Good deal? X1 sDrive for less than $2940 [mango39] by kyfdx HOST

Mar 01, 2013 (5:36 am)

Replying to: mango39 (Feb 28, 2013 8:41 pm)
Did you order it that way, or did they have that configuration on the lot?
 
Just curious...

#25 of 26 Re: Good deal? X1 sDrive for less than $2940 [kyfdx] by mango39

Mar 01, 2013 (12:50 pm)

Replying to: kyfdx (Mar 01, 2013 5:36 am)
They have it configured that way.

Messages Page 3 of 3

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