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2013 and earlier BMW X5 Prices Paid and Buying Experience

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Comments

  • karykary Posts: 2
    Hello,
    I am getting a 2002 BMW X5 with 16000 miles on it for under 30,000 can any body advise whether this is a good buy and this model does not have problems.
  • cm23cm23 Posts: 4
    greetings

    i'm a leasing novice who would greatly appreciate some guidance. familiarity with the new york market (i'm based on long island) would be a real plus.

    i received this offer:

    2005 x5 3.0i
    with automatic transmission, coldweather package (estimated at $750).
    heated steering wheel ($150), pdc ($700), and leather upholstery ($1,450)

    36 months/10k year (lowest miles i could get, i will probably use less)

    msrp: $46,720
    money factor: .00125
    residual: 61%

    $650/month
    $1,417.71 up front - comprised of first month $650, security $650,
    dealer fees $67.50 (and apparently another $50 not itemized)

    this package represents my basic requirements ( i'm not even sure about the pdc but the dealer says it would save only $7/month).

    a few questions, please:

    is this a good/fair deal?

    any suggestions as to how i can do better?

    anything essential from the "a la carte" menu that i'm omitting?

    finally, i would like an upgrade on the cd player - i believe the dealer said the basic package only accomodates a single disc.. any advice on what that should cost?

    thanks to one and all for any assistance..

    .
  • kyfdxkyfdx Posts: 27,652
    This is a terrible deal.. Off the top of my head, it looks like they are selling you the car for MSRP.. And that is with the assumption that the payment includes sales tax.. BMW X5s are not exactly flying off the lots..

    Here is what it should look like:

    $46,720 MSRP
    $44,220 Selling price ($2500 off.. still lots of profit left)
    $44,845 Cap cost (selling price + acq.fee)
    3yr/30K lease
    Residual 61%
    MF .00125
    Monthly payment $546/mo.+ tax..

    This is with the same upfront cost that you provided..

    Your dealer is correct about the cost of the PDC.. probably under $10/mo.. Upgrading to a CD changer is expensive on a BMW... Usually, they can't residualize the entire cost.. Something simple like this can cost you $20/mo.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • cm23cm23 Posts: 4
    thanks, kyfdx. i very much appreciate your time and assistance.

    just to clarify:

    you indicate that the monthly payment should be $546 plus tax. can you calculate what that additional tax cost would be.

    and if, as you say, the x5s are "not flying off the lot", should i be able to obtain a deal that doesn't leave the dealer "still lots of profit left".

    any advice on which long island or ny dealers might be the best to contact?

    thanks.
  • kyfdxkyfdx Posts: 27,652
    Ahh.. New York.. missed that part..

    So, make the acquisition fee $900 instead of $625... (add $8/mo. to payment, and blame NY's vicarious liability laws).

    Tax is around 8.25% in NY? So, the adjusted payment of $554/mo. with tax becomes $599/mo. tax included..

    When I said "lots of profit", I didn't mean they were getting rich off of you.. Just that the deal I proposed has a good possiblity of being accepted without grinding for days and days with dozens of dealers.. A lot of people report $500 over invoice deals, but that doesn't mean they are easy to come by... I just used this example as something that would be fair and achievable.. $600/mo. with only first payment and security deposit upfront..

    If you can get the selling price down another $1000, then it would save you $30/mo.. That might be hard to do, though.. I don't have any recommendations for NYC area dealers... I've heard of low prices from Open Road BMW in Edison, NJ, or Carbone in Utica, NY (that might be a haul from where you are).

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • nyccarguynyccarguy Stamford, CTPosts: 7,403
    Some of those Long Island dealers can be very cocky about their luxury cars. My parents bought 2 BMWs (an '04 X5 3.0iA & an '05 530iA) from Wide World of Cars last year in Spring Valley, NY. The dealership is in Rockland County, about 10 minutes off the Tappan Zee Bridge. It would take you maybe an hour and change to get there (depending on where on the Island you live). Email other dealers, there are tons of them between Long Island, Westchester, NYC, Rockland, North Jersey, Southern CT.

    My email in my profile is public, if you droip me a line, I'll give you the guy's name that I dealt with.

    2001 Honda Prelude Type SH/ 2011 BMW 328xi / 2011 Honda Pilot EX-L w/ Navigation

  • cm23cm23 Posts: 4
    kyfdx and nyccarguy

    thank you both for your prompt and informative replies.
    your advice will definitely help my negotiaitons..

    and nyccarguy - i will drop you a line to get your contact's name. thanks.
  • HI
    prem,sport,navigation,cold,xenon,self dimm,auto

    the dealer asking 0.0015 MF NOT 0.00125 he said thats the rate in california and also he mentioned the acq 800 and its fixed by BMW i read in this forum its about 625 is he making extra profit here?

    MSRP 53870
    I Ofered 51000 679/month incluide tax 10k/36

    he didnt agree!!!

    ahould i offer more or find some one else
    any help appreciated
  • sharmabmwsharmabmw Posts: 45
    Keep negotiating. You can find the base MF for .00125. Plenty of people do it. He IS marking up the acquisition fee. Broaden your search for dealers in California. If you're close to Santa Barbara, try those guys.

    good luck
  • thank you

    so how much shoud i offer over the invoice? and what is the ACQ FEE in california and the registeration?

    he offer 2300 of the MSRP
  • kyfdxkyfdx Posts: 27,652
    Acquisition fee is $625 in every state but NY ($900). BMWFS allows the dealer to mark up the fee by $200 maximum for extra profit.

    I'd have a lot more respect for a dealer who honestly told me that, rather than lie about it. The fact that the dealer will flat out lie when questioned would make me find another dealer..

    Of course, if they wouldn't agree to use the base rates, I'd find another dealer, anyway..

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • hi
    kyfdx

    i got finaly the car thanks for your help

    2005 X5 3.0 PREM,PDC,COLD,XENON , NAV TOLEDO BLUE VERY NICE GREY INTERIOR 16 MILE ODOMETER

    HERE IS THE INTERESTED PART ::
    believe it or not 9500 usd off the Msrp , still cant believe it even the car sitting in my garrage (im sleeping in the car today :P )

    mrsp arround 52000

    I PAID ARROUND 42000 + 1800 FOR EXTENDED WARRANTY incase i will decide to buy it later on
    TOTAL DRIVE OFF 1450
    MONTHLY 510 incluid tax 10000/36month no down payment

    wow thanks for every one for thier help and support

    BTW i payed 825 acq fee
  • vic528ivic528i Posts: 4
    Hi, What city did you buy this? This is a great deal. Thanks, Vic528i
  • Modesto California
  • vic528ivic528i Posts: 4
    I have been to a number of dealers. Your numbers are not real and do not make sense. No one is discounting it this much. The best you can do is Invoice + 500. .
  • jharonisjharonis Posts: 7
    where is this report available

    thanks
  • hrowehrowe Posts: 2
    Hi Kary,

    Did you end up buying this SUV? I'm looking to buy a -02 X5, precertified, with 37K miles,
    Prem pack, Cold W pack, hifi sound ...for $36K (asking price).
    Thanks

    l8tr,

    HR
  • fun6889fun6889 Posts: 27
    Hey anyone out there have good pricing for X5 3.0 at NJ/NYC area?
  • nsharmansharma Posts: 2
    I have just started my search for a 2005 X5 3.0. I live in city with one BMW dealer, hence negotiating is tough. Can anyone recommend a dealer known for dealing in the SE region of the US? I'm actually within 100 miles of the factory where these things are made, so it seems like I should be able to find a deal.
  • sharmabmwsharmabmw Posts: 45
    Try Nalley BMW, Decatur, GA (closer to Atlanta).
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