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2013 and earlier BMW X3 Prices Paid and Buying Experience

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Comments

  • randvrandv Posts: 15
    I am also shopping for the an X3 in the bay area... planning to close the lease by the end of the month (i think this is the qtr end as well). I noticed that the bay area dealers have huge X3 inventories.

    I think most of them are offering little above invoice with 62% residual for 12K miles.

    If you are interested we could jointly negotiate for a better deal. Let me know if you are interested.
  • sharmabmwsharmabmw Posts: 45
    Lou,
    This is what I have learned after reading many posts by kydfx.

    36 mo/ 15000 mi/yr:

    1. negotiated price: yes, shoot for very close to invoice (there are plenty of x3's out there)
    2. cap cost reduction: do NOT pay this
    3. MF: should be .00100. BMWFS allows the dealer to increase this, but negotiate for base.
    4. residual: 60% (add 2% if 12000 mi or 3% if 10000 mi)
    5. acquisition fee: $625 (again dealer can mark up)
    6. due at signing: roll the tax into payment, roll acq fees into payment
    7. Play around with lease calculators online and you'll learn very quickly what these numbers mean.
    8. And like I always say: do Eur Delivery instead, save $$$, and have the time of your life.

    good luck.
  • ursacatursacat Posts: 32
    Wow, Thanks for both responses.

    Randy, Yes, let's put our heads together. email me. With the support of folks like sharmabmw we can do great things.

    8 good points. I'll start working on them. Yes, I'd love to do Euro Delivery (we did this with the 328 - ended up in Italy. But w/ the 3 year old,.....)

    Here's a note I received from a broker through email.

    You didn't tell me how much down payment so I just figured the lease up with $5000 down.
    2005 BMW X3 3.0i in black and black leather, automatic, premium, sport, privacy glass and satellite radio preparation.
    The MSRP is $40720. Your lease payment is $323.26 plus tax for 36 months.

    I will send him the points made above and report back.

    Where do I find a lease calculator?

    Regards,

    Lou
    ursacat@hotmail.com
  • randvrandv Posts: 15
    I will email you about negotiation...

    How much of the downpayment is for cap reduction, if my math is right you are putting about 3500 towards capreduction. the rest are fees and first month payment etc. Am I right?

    I also put together a spread sheet to calculate lease payments and to break down dealer quotes. I will send that across as well. I would post the spread sheet here but there no file post feature avaialble.

    Thanks,
    RANDV
  • labuyerlabuyer Posts: 14
    Is the "destination charge" of $695 noted on the sticker and on Edmunds pricing tool different from the "acquisition fee" of $625 (or more)?
  • kyfdxkyfdx Posts: 29,936
    The destination charge is part of the MSRP and the invoice price..

    The acquisition fee is charged by the bank on a lease.. It is a financing charge that is only applicable to leases.

    regards,
    kyfdx

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    Prices Paid, Lease Questions, SUVs

  • mvs1mvs1 Posts: 462
    I’m on the opposite coast and soliciting business is a no no on Edmunds. Cali is a hot bed for aftermarket products in general. :shades: Most companies are based in your neck of the woods.

    Just some advice, do some research and see if you can locate a reputable shop, product and pricing info in your area. After getting the numbers and a product that suits your needs take it back to your dealer and see if they’ll beat or match the deal. A good dealer will work with you once you’ve sourced this out, you may get a sweet deal and the warranty to back it up. Sometimes the extra leg work pays off. Good luck!!!
  • Kirstie_HKirstie_H Posts: 10,907
    Sorry, solicitations for group buys aren't allowed in the Forums, and posts have been removed.

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  • randvrandv Posts: 15
    thanks for the info, I noticed that one of the dealers were asking for $1000 for installation on top of the the sticker price $1800.
  • randvrandv Posts: 15
    I emailed the lease calc.
  • randvrandv Posts: 15
    has any one noticed differences between Dealer invoice and Edmond invoice. The dealer is quoteing about $500 above the edmond invoice. any comments?
  • kyfdxkyfdx Posts: 29,936
    The dealer probably has a MACO charge on his invoice.. It is a regional advertising charge, that varies according to location..

    regards,
    kyfdx

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  • randvrandv Posts: 15
    thanks, do you think that can be negotiated down?
  • kyfdxkyfdx Posts: 29,936
    Well... the invoice is the dealer's cost, not yours....

    If you are negotiating a certain number over invoice, then be prepared for all sorts of costs..

    Concentrate on an actual dollar amount.. Involving the dealer's costs in your deal will only serve to confuse the process..

    It isn't important what the dealer pays... only what you pay.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • mvs1mvs1 Posts: 462
    That 1k looks like a junk charge. If i were a betting man (which I am), I'd say you could easily negotiate that out of any deal. The 1800 would cover most aftermarket systems including installation. I found the way they list this odd, every dealership i've worked with or been in lists one price for any entertainment package.
  • mytoymytoy Posts: 14
    Looking to purchase the X3, 2.5 with Automatic, Panorama Roof and all floor mats to include cargo line. That is it. Oh, forgot, color is Highland Green Metallic with standard Leatherette. No frills as you can tell.

    I live in South Florida and the offer price to me is $33,195. Need to add tax, tag and title to the cost. What do you all think?

    Thanks in advance for all comments/thoughts

    Regards,

    MyToy :)
  • kyfdxkyfdx Posts: 29,936
    What is the sticker price?

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  • mytoymytoy Posts: 14
    Kyfdx,

    The sticker price is $34,200.

    Thanks,

    MyToy
  • kyfdxkyfdx Posts: 29,936
    Well.. $1000 off isn't a great deal.. But, this is about as low-optioned a car as you can get, so probably only about $2700 spread between MSRP and invoice..

    Is this car in stock? If so, I'd think they would come down another $1000... There can't be a lot of demand for a "stripper" 2.5 model..

    Have you considered a comparable 3.0 model? I know the spread is $6K on the base price, but sunroof and automatic are standard, so you get the bigger engine, plus a lot of extra standard equipment for only $3000 more than the one you are looking at...

    Just a thought..

    Are you leasing or buying?

    regards,
    kyfdx

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  • mytoymytoy Posts: 14
    Kyfdx,

    Yes, the car is in stock.

    I am looking to buy the car. I have never leased any of my cars. Not sure I would. Is there some type of special lease option going on that I "should" consider?

    I thought automatic was only an option on these vehicles?

    Thanks,

    MyToy
  • kyfdxkyfdx Posts: 29,936
    Well... the leasing deals are good on the X3, a little better on the 3.0 model.

    But, I would never suggest leasing to someone that isn't really considering it..

    Automatic is an option.. but, on the 3.0 model, it is a "no-cost" option..

    A few things to consider on the unit you are considering..

    1) Green is not a popular color.. If you like it, that's fine, but not a lot of people do.. this should motivate them to cut you a better deal.

    2) Lightly optioned BMWs don't sell that well. Most BMWs are leased, and people will pay $30-$40/mo. more to load up their cars.. This should also motivate the dealer to give you a better price.

    3) I think a 3.0 model with the same options would be a better deal at only $3K more.. but, that is just my opinion, and your money.

    4) If you like to trade cars a lot, I would consider leasing it, as the deals are decent... If you will keep it four years or more, then buying it would be the better deal.. The main benefit in leasing the car is the guaranteed residual.. I'd be a little worried about resale on a green, lightly optioned, smaller engine model, if I had to trade it in three years or less...

    So, if that is the car you want, go for it, but I'd hold out for another $1000 less..

    regards,
    kyfdx

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  • mytoymytoy Posts: 14
    Kyfdx,

    First off, I appreciate your comments and thoughts and look forward to them.

    Just to let you know so as to potentially understand my thought process, I am not real big on all the gadgets of a vehicle. I look for a quality car with maybe a couple of little perks added on. I generally keep my cars for at least seven (7) years or so. I am not one who needs to be changing vehicles all the time.

    If I do go to the 3.0 model, what do you think is a good number to shoot for if I want to buy the vehicle?

    Thanks,

    MyToy
  • kyfdxkyfdx Posts: 29,936
    Any 3.0 model will probably be $38K or more.. I'd shoot for $2500-$3000 off MSRP...

    Even without the extra goodies, the 3.0 model is worth it for the extra 40hp.. Not that big of a deal on a 3-series, but the X3 carries a little more weight, and you can really tell the difference.. Again.. if it were my money..

    If you keep your cars that long, resale isn't that important.... If you decide on that green 2.5, shoot for another $1000 cheaper...

    regards,
    kyfdx

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  • mytoymytoy Posts: 14
    Kyfdx,

    Thanks for all of your comments. I am going back to the dealership to look things over and will talk to them about the lease options as well.

    Regards,

    MyToy :)
  • randvrandv Posts: 15
    Hi Folks,

    Thanks for all the info posted in this forum. Just picked up a x3 with premium/sports/metalic/18 inch wheels/premium sound/privay/Xenon/ipod connector/rubber floor and cargo mats/stick shift...

    Comments from the previous posts really helped make the deal... here are the details...

    MSRP $43,095
    Dealer Invoice $39,975
    Selling price $39,975
    $$ off MSRP $3,120
    % off MSRP 7.2%
    Aq Fee $625
    Cap cost reduction
    Adjusted cap cost $40,600
    Residual % 62%
    Residual Value $26,719
    Depreciation $13,881
    Money Factor 0.001
    Term 36
    Sales Tax 8.25%

    Lease Components
    Depreciation $386
    Interest $67
    Tax $37

    Lease payment per month $490

    Total Payments $17,650

    Down Payment

    1st Payment $490
    Cap Reduction $-
    Registration $325
    Sec Deposit $500
    Other Fees $45
    tire fee $9
    Total Down $1,369 ">
  • randvrandv Posts: 15
    MSRP does not include IPOD connector and mats, they were thrown in free to close the deal.
  • kyfdxkyfdx Posts: 29,936
    Great deal...

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  • randvrandv Posts: 15
    thanks...one interesting point is if I had put 1000 for cap reduction the lease would go down to 459 with a total lease payments of 16528 or 1121 below the deal above. So this gives me 121 savings over 3 years on a $1000 investment giving me a 4% return on investment. which is not a bad deal if you are going have this $1000 sit in money market anyway.

    I decided not be put the downpayment. But am I missing somthing? (other than the fact that when I get in to accident, I will lose the "gap" value)

    thanks
  • kyfdxkyfdx Posts: 29,936
    When you make the $1000 cap cost reduction, you are saving the "interest" on that amount of money..

    Doesn't seem like it should be quite that much.. I would have guessed closer to $75....

    But, you have the reasoning correct...

    regards,
    kyfdx

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  • Kirstie_HKirstie_H Posts: 10,907
    A reporter is hoping to talk with recent buyers of new BMW and Mercedes vehicles who enjoyed a generous discount off sticker price. Please send relevant details and your daytime contact information to Pam Krebs at pkrebs@edmunds.com by Thursday, June 23, 2005

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