Last post on May 07, 2013 at 9:29 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X1, Car Buying, Car Leasing, SUV
#71 of 102 Re: lease factor and residual value for new BMW X1 [jasonmdbmw]
Mar 18, 2013 (3:20 pm)
#72 of 102 Re: lease factor and residual value for new BMW X1 [sepi60]
Mar 18, 2013 (3:22 pm)
Thank you Sepia!
#73 of 102 Re: lease factor and residual value for new BMW X1 [sepi60]
Mar 20, 2013 (9:09 am)
Yes you are right. Sorry about that, was looking at the wrong residual.
#74 of 102 MF and residue for 2013 X1 35i
Mar 22, 2013 (10:46 am)
Does the MF posted above for the 28i apply to 35i as well?
#75 of 102 Re: MF and residue for 2013 X1 35i [spydervr4]
Mar 23, 2013 (7:25 am)
Yes it does
#76 of 102 Dealer offering 0.0017 money factor but cutting the price
Mar 23, 2013 (11:03 am)
The dealer that I'm negotiating with tells me his money factor is 0.0017 for X1 because they are in red. I guess they want me to think that they are selling at loss. (I got a price about $800 above Edmunds.com invoice price, and $300 above the dealers invoice price - Their invoice price was $500 more than Edmunds.com apparently due to advertising fee).
So, anyways, I walked away, saying that the market rate is 0.0013, and if they can't afford it, I won't take the deal.
Now, the dealer has called me again, offering to cut from the price to account for the higher money factor. (They need to cut at least $1200 to match the difference).
What do you think about it? Should I go for it? or this is just another gimmick of a dishonest dealer, and I better avoid them altogether?
#77 of 102 Re: Dealer offering 0.0017 money factor but cutting the price [sepi60]
by Car_man HOST
Mar 24, 2013 (6:50 am)
Hi sepi. I personally don't see why the dealer insists upon marking up your vehicle's money factor to the point that they are willing to sell you the vehicle below invoice minus incentives. I personally prefer to do deals as straight forward as possible with the buy rate money factor and whatever real selling price I can negotiate.
Having said that, if you have shopped around and this combination of a higher money factor and an abnormally low selling price results in the lowest monthly payment for the vehicle that you want then I personally don't see any reason not to go for it.
Prices Paid: Buying & Leasing Experiences Forum
#78 of 102 Re: Dealer offering 0.0017 money factor but cutting the price [Car_man]
Mar 25, 2013 (1:42 pm)
Thanks much Car_man,
In fact they didn't offer me $1200 discount, but just $200, plus a bmw rebate that I was already eligible for, and had taken it into account myself elsewhere.
So, I passed on their offer.
#80 of 102 X1 36/month lease 10 000/miles
Apr 03, 2013 (5:55 am)
I just heard back from the dealer (via email, so didn't have chance to discuss and ask). I told him I was looking for a basic X1 8 speed automatic, rear wheel drive, base color and interior (no extra charge), possibly with sun roof and heated front seats, (but not a must, to keep cost down), $1000 out of pocket, everything else rolled in.
With those extras, on Edmunds it has a
Total invoice Price $30,825
and an MSRP of $33,445
He told me that he found two matching cars and the monthly would be around $600!!!!
I had an X3 three years ago and paid less a month. Can somebody help me do the math?
Are there any incentives? I am not a returning customer, as we had a Jetta for the last three years, and what are the numbers for April?
My wife would like to come in around $350/month, and looking at last months without incentives (didn't see if there were any) I can tell that I will probably not be able to get there, but anything close would be good.
Any help would be greatly appreciated!!