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2013 and earlier BMW X5 Prices Paid and Buying Experience

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Comments

  • kimaskimas Posts: 14
    Where are you located? Considering there is an eco credit of $4500 on the car, i think $13k off is already a good deal. However, depending on the market, i believe you could negotiate up to $15k off. Try to get close to $15k off as much as you can.
  • Can you tell me which dealership you went to for this deal?
  • maylhmaylh Posts: 9
    So it is 500 over invoice. I am interested in the same model. Do you mind to pass the dealer info? Thanks in advance.
  • I bought my BMW X5 from Perrillo BMW IN CHICAGO. Ask for KEN if you like to.
    Good luck.
  • toy4metoy4me Posts: 13
    edited February 2013
    It was $500 over invoice for everything, including options, plus tax. We ended up leasing instead of buying for tax reasons, but the price was still the same. On a lease, you just pay the tax monthly, instead of all up front, as when you buy.

    As for our dealer info, it was BMW of Riverside in Southern California.
  • Hi. I am in Georgia and was offered 6% off of MSRP plus tax and fees for any BMW X5 I chose to order. Essentially, MSRP was $64,570 and they would sell it for $60,695. We tried to offer $59,000 plus tax and fees but they stood firm at the 6% off saying they would lose money if they sold it for any less. Is it worth pushing the issue or do you think this is the best we can do?
  • $500 over invoice price is pretty typical. You get the invoice price here on Edmunds. Usually it comes out to about 10% off msrp.
  • BMW will openly tell you their mark up is 8%. You will see this on other sites such as bmwconfig.com and nada.com when you 'build it'. Dealers will give you 8% off everything inc options and than deduct any rebates/incentives. Even if you don't drive a BMW already, mention the word Audi and they will throw in their '$750 loyalty cash'! Good luck!
  • Thanks for the feedback. I wasn't able to use some of the features to build the car on bmwconfig for some reason. I am still waiting for a response from other BMW dealers about their best price so I will keep you posted. So far, two have come back at 6% off being their bottom line so I will keep pushing.
  • mrygalmrygal Posts: 4
    One more thing, should I be looking at 8-10% off or $500 + invoice and then add MACO, destination & training or should that be included?
  • mrygalmrygal Posts: 4
    Hi. Can you give me some insight on the process? My main question is regarding the contract or negotiated sales price? We have settled on a price and I am getting ready to submit my deposit for the order. Do I need to have a contract signed confirming the price before giving them my deposit? I just want to be reassured that things won't change once it arrive and I go to make final payment on it. I think everything will be fine but there's just the slightly paranoid side of me that wants to know if I need a signed contract confirming the price. I have the emails settling on price.
  • toy4metoy4me Posts: 13
    For us, they ordered the car exactly as we wanted it without any deposit or signed contract, just a handshake. I'm sure that's the exception and not the rule. I would probably be more comfortable signing a contract with everything spelled out, even if they required a deposit. When our car arrived, they called us and we came in to pick it up. We signed everything and drove it away without paying a cent!

    Our deal was $200 over invoice and $1800 holiday cash from BMW, so it was like getting the car for $1600 under invoice. They just applied the $1800 as our downpayment. We leased the car, which had the convenience, technology, and luxury seating packages, as well as the upgraded stereo and a spare tire.
  • jasonmdbmwjasonmdbmw Posts: 117
    The $750 Loyalty cash cant just be "thrown in". It is a rebate and you have to provide proof that you currently own a BMW to qualify for it and finance the vehicle through BMWFS
  • tresmac1tresmac1 Posts: 2
    Hi, I am in Maryland and am negotiating the purchase of a 2013 BMW X5, premium with the Cold Weather and Convenience package. The MSRP is $61,370.00. Based on this forum, I have made a few offers, the closest I have come to even having the dealer begin negotiations is with the KBB fair purchase price of $57,534 plus tax. Yet this is $1,000 over invoice. Is the "West Coast" average of $500 over invoice different then the East Coast average, or is it just a matter of tenacity? Inventory is very high. Thanks!
  • 1985mb1985mb Posts: 40
    I don't know about the West Coast, but on the East Coast the tri-state area of NY-NJ-CT (or NY-NJ-PA) is very competitive. While I've personally been looking at CPO X5's, I would hazard a guess that invoice should be achievable on a car that is just on the cusp of being replaced by the all-new 2014 X5 in August.

    Even if you can't wait til 2014s are flooding the lots, if you can wait til 6/30 you can benefit from in 3 possible ways:

    1. Presumably more pressure to sell 2013s
    2. Month and quarter-end (incentive to meet volume targets)
    3. BMW Ultimate Drive event in June (upon which you can get a $1,000 voucher for the purchase/lease of any new 2013 BMW, with a couple exceptions).
  • Dealer lose money? An insider at my dealership informed me that they pay zero money for their cars, so what is there to lose? Their BMWs remain the property of BMW, it never becomes that of the dealer. You pay BMW Financial for the car, and they own it throughout the process
  • Hi,
    I am looking at leasing (or purchasing) an X5 3.5i SAV with Convenience pkg, luxury seating pkg, premium sound pkg, cold weather pkg, bmw apps, and lane departure warning.

    15K miles @ 39 months

    MSRP 67120
    Dealer Discount -3991
    Ultimate Drive -1000

    Capitalized cost 62129
    Residual prectange 54%
    Money Factor .00167 (I asked about this being higher and the dealer told me they make the best deals because of the money they take off up front and this being set at .00167 instead of .00127 allows them to recoup on the back end) Can someone put this in layman's terms for me? :confuse:

    Acquisition Fee 725 (dealer said this gets rolled into the lease charge so not due up front)
    Disposition Fee 350
    Documentation fee 325
    Taxes 300 flat fee for SC

    So my total due at signing would be 1151.54 and payments would be 847.54 for the lease

    Am I just better off purchasing? Based on what he said about the money factor and the acquisition fee should I be concerned?
  • socal59socal59 Posts: 54
    Gurlz,
    If you had the option shop another dealer. This guy is giving you the run around. There are some junk fees, discount is not that great and not offering you the buy rate money factor. If you can hold out longer, there will better leave rates, since the all new 2014 X5 will be out in August. I hear dealers have large inventories of X5's on their lots now, which is good for buyers that can hold off a bit on their purchase.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,969
    I don't really see that selling price as so outstanding that they have to make it up on the other end...

    But, in real terms, the .0004 bump in the MF adds $39.35/mo. to your lease price... That's $1535 more over the life of the lease..

    Also, if they are rolling the $725 into the lease, then that is going to change the CAP cost.... I only mention this, because they might mark up that fee as well.... and, if they don't disclose the actual CAP cost, you might not know it..

    I usually won't buy with a marked-up money factor..

    Moderator - Prices Paid, Lease Questions, SUVs

  • ponytrekkerponytrekker Posts: 284
    >>00167 (I asked about this being higher and the dealer told me they make the best deals because of the money they take off up front and this being set at .00167 instead of .00127 allows them to recoup on the back end) Can someone put this in layman's terms for me?

    "we're screwing you."

    They are marking up the money factor 31%.
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