Last post on Nov 16, 2013 at 8:18 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X1, Car Buying, Car Leasing, SUV
#143 of 152 Re: X1 First time lease dilemma [konacoug]
Nov 09, 2013 (9:55 pm)
Thanks for the response and advice. I have done a little more negotiating with a little compromising on my part. They couldn't get us a LeMans Blue with heated seats without a transportation fee. If we would have ordered one from Germany, we would have lost out on our VW appraisal from Carmax which is more than what we owe on it. Here's the updated deal. We're hopefully signing this week.
2014 X1 sDrive 28i
Black Nevada leather
Vehicle selling price: $37,365
Sales Tax: $2,335.31
Tag/Registration Fees, Title fee, State insp fee: $131
Documentation fee: $125
Vehicle Inventory Tax: $68.14
Balance due: $40,024.45
Residual: 59% for 15K miles - $25,325.75
$725 acquisition fee
36 months / 15K miles
Cash due on delivery: $1,486 (Paying for Taxes and fees up front so I don't have to pay interest on them)
Monthly payment: $508.71
#144 of 152 Re: X1 First time lease dilemma [untdrums]
Nov 10, 2013 (6:41 am)
Not too bad.
I'm loving mine with exact same build except 18 inch wheels.
#145 of 152 Re: X1 First time lease dilemma [untdrums]
by kyfdx@Edmunds HOST
Nov 10, 2013 (10:19 am)
I would note that they are marking up the MF the maximum amount..
That adds about $26/mo, pre-tax to your deal.
#146 of 152 Re: X1 First time lease dilemma [kyfdx@Edmunds]
Nov 10, 2013 (11:27 am)
What happened here was that I originally negotiated an offer with another dealer to get to a lower monthly payment.
Original dealer have me a higher sale price and I negotiated a .00125 MF. Monthly payment was $509
I took the deal to another dealer and they were able to match the monthly payment and in order to do so, they lowered the sale price but of course raised the MF to .00165. Monthly payment is $508.71. I would rather work with the second dealer for convenience and better service.
Do you think it's still possible to lower the MF once I get into the financial office even though I have already agreed to buy the car, I just haven't taken delivery yet? I'd rather not put MSDs since they won't really make much of a difference in our monthly payment.
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#147 of 152 Re: 2013 X1 xDrive 28 Lease Rate [awu0419]
Nov 10, 2013 (1:24 pm)
They are scamming you on all the fees...the detail fee is crap. It is included in the $925 transportation fee. If I was you, you can shop anywhere and do PCD delivery at Spartanburg. I would look to Adrian who is a Bimmerfest sponsor out of Atlanta.
Also, your 1K rebate, if they are using it on the MSRP, it is really a $1200 deal over invoice. All rebates and incentives should be applied after the price is agreed upon.
#148 of 152 Re: X1 First time lease dilemma [untdrums]
Nov 11, 2013 (10:07 pm)
The finance guy is not your friend. He/she will try to sell you all kinds of extra crap, trying to scare you about the tires/wheels, dings and dents and windshield chips.
Back to your proposed deal....I would stick to my guns....base MF, they are just trying to increase their profit in the deal. It is the same as if they charged you a higher cap cost price.
You could find another similar vehicle in another city and email an offer. If it gets accepted, then they might match it. Or you could tell them that there is an unnamed dealer who accepted your deal. But, you like your CA so well, please match it.....
#149 of 152 Re: 2013 X1 xDrive 28 Lease Rate [konacoug]
Nov 12, 2013 (6:41 pm)
Last time I looked Adrian marked up the MF too. Has he stopped?
I would never do a deal with a marked up MF. Keep looking for a dealer. There are plenty of X1s around.
#150 of 152 Re: 2013 X1 xDrive 28 Lease Rate [infinitimn]
Nov 14, 2013 (10:40 am)
hmmm. I don't know personally. All I know is that he has gotten great reviews on Bimmerfest.
#151 of 152 Re: X1 First time lease dilemma [konacoug]
Nov 14, 2013 (10:45 pm)
Well we signed on my wife's X1 yesterday finally.
15K year/ 36 months
Original monthly: $508.71/month
Contracted payments: $530/month
We opted for the tire and wheel as well as the dentless repair. With 19" rims and the Pirelli summer tires we thought it'd be a good idea since I have it on my car and have had all 4 tires replaced this past year. Apparently the dentless repair also gives the client up to $500 towards a deductible on collision as well as the normal coverage...up to twice a year! Of course they tried to sell us these items for a MUCH higher price but we figured $21.29 more a month was ok for us. With the positive equity we received from our VW sale we were able to walk with not that much out of pocket.
One interesting thing is that they absolutely wouldn't budge on the MF. Also told us that MSDs weren't an option. We asked after we signed so who knows. It looks like they lowered the payment to make it look like they sold us the "extras" at a higher price. Either way for us it'll work for our first lease.
Thanks for all of y'all's responses and advice.
#152 of 152 Re: X1 First time lease dilemma [untdrums]
Nov 16, 2013 (8:18 pm)
If you are in any state by NY, MSD's are allowed. It isn't up to the dealer to tell that you can not use them. That alone, is very dishonest on their part and I would of walked away on that alone. Ok, I reread, you asked after, so they don't want to recalculate the deal. I sort of ran into the same problem, with my deal. I told the CA, I was going to use MSD's, and when I went to sign, they weren't in the deal. The finance guy had a cow, made out like it was such a huge inconvenience to him. I had to go back out to the managers office and he gave me attitude too. I told go look at all the emails I had sent to the CA. If I hadn't flown in from Hawaii on the redeye and been on a tight schedule, with truck pick up to ship back to Hawaii, I would of just walked out the door. So, I totally understand their crappy attitude.
I have run into dealers, that have no clue about MSD's, try to charge tax on them and incorrectly calculate the new payments.