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2013 and earlier BMW X3 Prices Paid and Buying Experience

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Comments

  • nyccarguynyccarguy Stamford, CTPosts: 8,019
    You should qualify for the .0015 lease rate. Mention it to your dealer and see what they come up with.

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • texgastexgas Posts: 7
    Thanks. I found a dealer that gave me that rate right away. The MSRP is $46,475. He wanted to give me $1,500 off MSRP. That would give them $2,230 above invoice. How much more discount do you think I can push for? Can I expect to get closer to $1,000 above invoice? I appreciate your comments.
  • nyccarguynyccarguy Stamford, CTPosts: 8,019
    $1000 above invoice is completely doable on an '07 X3 due to the fact that BMW is trying to move these vehicles. The 75% (2 year) & 65% (3 year) are evidence of that & it is the end of the model year.

    Given the fact that my Dad was able to lease an '07 X5 (new body style, much hotter selling vehicle) for $1000 over invoice you should be able to get an X3 for $1000 over invoice.

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • texgastexgas Posts: 7
    Thank you Mr nyccarguy.
  • japhalejaphale Posts: 14
    Could you let me know the lease details? I am in the market right now for leasing a 2007 X3.

    J
  • japhalejaphale Posts: 14
    Could you let me know the lease details? I am in the market right now for leasing a 2007 X3.

    J
  • japhalejaphale Posts: 14
    Could you let me know the dealer? I am in the market right now for leasing a 2007 X3.

    J
  • nyccarguynyccarguy Stamford, CTPosts: 8,019
    Where are you located?

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • minoteminote Posts: 13
    Should I do this before I try to get leasing deal from dealership or I can do this the same time I make a deal with them? Please advice. Thanks.
  • Just leased an '07 x3 from Nick Alexander dealership in Los Angeles.

    x3 3.0
    auto trans
    metallic paint
    privacy glass
    destination charge

    MSRP: 39,600
    Invoice: 36,485 plus MACO and service/training = $37,029.
    MACO (advert fee) of 1% ($364) listed on invoice
    Service/training fee: $180 (seems bogus?) listed on invoice

    Price of car: $37,420 ($400 over invoice?)
    Acquisition fee: $825
    RV: 77%
    Money Factor: 0.0015 (we just turned in a 325i)
    24 months
    12,000 miles/year

    Lease was $460.90/month, drive off was $834.00 (1st month and registration fee)

    They were fairly dishonest when it came to signing the paperwork. They bumped up the money factor to 0.0016, but I caught them on it and they changed it. They also bumped up the acquisition fee to $825 which I also caught them on, but they would not reduce this. They gave me the sob story that they had to make money on the deal somewhere since I was such a "smart" buyer. They would not budge on that inflated fee. However, it was not worth my time to walk away from the deal, but I think I could have arranged a lower fee if I thought about it ahead of time. This just goes to show, you MUST watch every move they make because the dealer will try to squeeze as much profit as they can! Still, I think I got a pretty good deal.
  • nyccarguynyccarguy Stamford, CTPosts: 8,019
    The $180 Training & Services fee is legitimate. Even with the $200 bump up in the ACQ fee, you got the .0015 mf which equates to about 3.6% you got a good deal. Enjoy your new X3!

    2001 Prelude Type SH, 2011 Pilot EX-L 4WD, 2015 Subaru Legacy 2.5i Premium

  • minoteminote Posts: 13
    Could you please tell me if this is a good deal?

    metallic, xenon, premium, privacy glass

    MSRP: $42,575
    monthly $535/mth (36mo/15Kmiles)
    drive off $1,467

    The car will be dropped off at a dealership by 8/18/07 but this guy who gave me a quote is an independent car broker which will help me with my loan application with BMW FS.
    Is this legit? Should I be worried? Thanks!
  • minoteminote Posts: 13
    Hi all, please give me your opinion.
    This is the quote that I got:
    MSRP 42950
    Price 40595 ($1020 over invoice)
    36mo/15Kmil per year
    mthly 548.07
    residual value 65%, .00225 MF

    drive off $2,158 incl:
    548.07 1st pmt
    550 security deposit
    326 license fee
    8.75 CA tire fee
    45 doc fee
    625 bank acq fee
    51.56 bank acq fee tax
    3.71 doc fee tax

    Which fees I can bargain and how I can use the .00215MF?
    I'm looking to pay $520/mthly incl tax & $1300 drive off.
    Thanks for your time!
  • I hope you enjoy the car, I will say you did not get the best deal, in fact you could have gotten one for several thousand dollars less, had patience prevailed. Although I am not trying to anger anybody in this forum I have to say, as wrong and greedy as this may sound the worst thing you can do is think about anybody but yourself or spouse in a dealership. In reality why would you care if the dealership lost money, unless you owned it. I know some will argue I don't know what I'm talking about, park your x3 by an 06 x3 and differences will be subtle. oh well better luck next time.
  • what options come with this? then I'll be able to give you a better idea of price for you. Right now the price seems kind of high, i live in socal so I know BMW dealerships tend to overcharge. Is the dealership that made this offer in the South Bay? If it is look elsewhere!!! 520 seems a littl high per month for this car. I'm thinking 425-475 seems more reasonable
  • minoteminote Posts: 13
    metallic color, prem package, xenon, privacy glass.
    I got another quote:
    36mo/15K miles
    MSRP $42,950
    sale price $40,500
    $535/mth
    $1487 drive off (1st month payment, $625 bank fee, the rest is title and license).
    what do you think?
    thanks for your response.
  • For existing BMW lessor?

    If you do get the 0.0015, can you still do 9 MSD on top of that?!

    Does this look right for Monthly payment $433?

    $39,775 MSRP
    $37,115 Invoice
    $1,00 above invoice
    $38,115 Final COst
    Residual $25,854 65% 3 yr/15k
    Interest $2,303 (Final Cost + Residual) * 3.60%
    Depreciation $12,261 (Final Cost - Residual)
    Monthly payment $433 (Interest + Depreciation) / 36 * 1.07 for tax
  • I am a little surprised lease price went up per month. what part of the country are you located this might be a factor. I think that a fair sales price would be 38K, although i am no expert in this field i think it would be a good to see if someone else has any other suggestions about monthly payments, but I do feel 535 is bordering on absurdity.
  • kyfdxkyfdx Posts: 31,237
    It looks more like this..

    $39775 MSRP
    $38115 Selling price
    $38740 CAP cost (selling price + $625 acq.fee)

    $25854 Residual 65% 3yr/15K
    $340.59 monthly depreciation
    $95.95 monthly finance charge
    $436.54/mo. lease payment
    $467.10/mo. with 7% tax

    I'm not sure how you calculated the finance charge. There is no need to convert it to an interest rate, just follow the formula.

    I'm pretty sure the loyalty MF discount is still in effect. You can do an additional 7 MSDs, which would bring the MF down to .00101... This would bring the final payment down to about $434/mo. after tax.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdx, I could not figure out how you came up with your finance charge and depreciation.

    (Cap Cost – Residual Value) / Term = Depreciation
    (38740 - 25854) / 36 = $358 (you have $340.59)

    Is bank fee $625 the same as the acquisition fee?
    You added the $625 fee into Cap Cost, but I am asked to pay the $625 bank fee up front at signing.
  • If you lease another car, do you have to pay the $350 disposition fee?

    How come your drive off did not include the $625 acquisition fee and MACO? Are they lumped into cap cost and spread out over 24 months instead of pay them up front?
  • kyfdxkyfdx Posts: 31,237
    Finance charge..

    (CAP cost + Residual) X money factor = monthly finance charge

    Yes.. bank fee is just another name for acquisition fee..

    I added the acquisition fee into the CAP cost, but you can pay it up front..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • hi, boetsch1
    I just add all your options ,but MSRP is $43600,not 42150. If reduce LUAD Gray Nevada Leather $1450, MSRP is 42150. so your dealer fogot to add this amount? If so you really got a good deal.
  • I hope I'm posting in the right spot. New to the forums here....

    I am nearing the end of a lease on a 2004 X3 2.5. I'd like to buy rather than lease this time, so I was considering buying my X3 at the end of my lease. The current payoff price is 26,206.31.

    However, I was in an accident just 10 days after picking up my car in 2004. It was repaired well and I have had NO problems at all. Not one complaint about the vehicle, no strange noises, nothing has needed to be replaced or fixed. and it still rides like a charm.

    Recently, someone broke the small rear window and I had it repaired at a BMW dealership. They replaced it with a new window that has the radio antennas built in, my original windows did not have that, so now one does and one doesn't. According to them, the don't make the plain windows any longer.

    I know that if I buy the car and want to sell it down the road, despite the fact that I haven't had any trouble, people will see that it had major front end damage and they will see that the windows don't match and the value will be decreased by at least $3,000-4,000, if not more.

    My salesman has also informed me that I should consider buying the extended warranty and maintenance plan if I decide to by my car.

    As much as I would love to buy a new X3, I just can't afford to right now.

    My options:
    1) Buy my car and take my chances.
    2) Give up the BMW and buy a less expensive car.
    3) Buy CPO X3 that has not been in an accident.
    4) Lease a new X3.

    Any advice or opinions would be appreciated. Just curious to hear what someone else would do in my situation.

    :confuse:
  • chile96chile96 Posts: 330
    you need to decide where exactly your finances are and go from there. however, if you decide to buy out your lease, you're taking a $3-4K hit right there because of the accident and repair. for that reason alone, i think it would be a serious financial mistake since it sounds like your budget for cars is already semi-tight.

    i personally don't like leasing unless you can write it off as it ends up costing more in the long run. however, in your case, because of the accident, it may have helped you break even compared to a buy.

    so my personal rec would be to do either option 2 or 3 followed by 4. just be careful and realize that just because a car is CPO'd does not mean it hasn't been in an accident. salesmen will tell you this and that but remember, they are just salesmen and will tell you want you want to hear.

    best of luck
  • chile96chile96 Posts: 330
    As stated above, i necessarily don't agree with leasing but my sis is bent on it. She is asking me for some advice and I'm at a loss so have turned here.

    She wants a very particularily optioned X3 in dark blue but nobody in a 250 mile vicinity has one so a local dealer has agreed to order her an '08. However, they're asking for a $1000 refundable deposit. They guarantee her $1000 off MSRP when the car comes in. I of course will make sure they're not upcharging the MF or dropping the residual but with $2000 neg equity in her current car, her lease payments will be in the high 600s for a $45K MSRP X3.

    What would you tell her to do in regards to placing the deposit or ??? The dealer is saying that they do not know the 2008 lease rates either yet - does this sound right?

    Thanks guys for any help.
  • Thank you for your advice.

    I think I need to go with option 2 for now, knowing that I will one day have another BMW. I'm not driving as much as I used to since I have moved from the suburbs to the city. I just really appreciate the agility of the X3.

    I'm curious about the 1-series...
  • kyfdxkyfdx Posts: 31,237
    The leasing deals on the '07 X3 are fantastic... Ask your sis if she is willing to pay $150-$200 more per month to get the exact car she wants, because that is the likely difference... With the negative equity and $1000 off MSRP, I'll bet her payments end up in the mid-high $700s..

    The dealer probably doesn't know the '08 money factors... They likely won't be published until the month the first models are scheduled for delivery.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • I truly hate dealerships. With that said, we just got a '07 metallic black, premium package X3 and wanted to know if this was in any way a good deal or not. We turned in our '04 BMW 325i for this so should have gotten a decent rate...

    MSRP - 42,500
    Supposedly what they 'sold' it to us for 38,500

    My Lease:
    $3000 paid at signing
    $388/mo - 12k miles/year
    24 mo term

    Now, here's what gets me and where I think I got slammed. My residual on the car is right around $32,400 at the end of the lease. So basically, I'm paying right around $12,500 in 2 years for a car to only go from $38,500 to $32,500? This to me doesn't make sense.

    Can anyone let me know if this was a good deal or not and what the residual part means?

    The people in the place kept complaining about how they're not making any money on the deal. Also, when I wanted to have a 3-yr term they wanted to bump up my price per month instead of lower it. Is that right? Thanks for any help...I'm a newbie when it comes to leasing/buying cars which is probably why I have such an aversion to dealerships.
  • I'm in the market for an '08 X3 in Miami, Florida. Can anyone tell me what I can expect to pay in terms of CAP cost, Residual and money factor? I'm returning a BMW lease so the money factor should be a little lower than for a new BMW purchaser, correct? The following are the specs: '08 X3,Premium package, xenon headlights, mettalic black. Edmunds does not have info on the '08s yet. Thanks in advance for your help.
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