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2013 and earlier BMW X3 Prices Paid and Buying Experience

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  • reufimreufim Posts: 13
    At the end of 2004, I leased a 2005 X3 2.5
    I have decided to buy it at the end of my lease (coming up end of Nov 2007). It has 23,000 miles and is in perfect shape.
    Can anyone give me advice on how to prepare well to buy this car - what I can do to get the best deal and avoid any over payments?
    I have never bought a car after leasing it so am unsure on how it goes and how much negotiating room I have.
    Any assistance is appreciated.
  • kyfdxkyfdx Posts: 31,194
    Hi, reufim...

    You might try asking your question here: General Questions about Leasing Vehicles.

    You might find a wider audience, since your question is more about leases and BMW, than X3 specific.

    regards,
    kyfdx
    Host-Prices Paid Forums

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • I just purchased an 08 X3. Alpine White, Prem. Pkg., Sport Package, Heated Front Seats, Xenon headlights, Privacy Glass.
    MSRP 45,325
    Invoice according to Edmunds 41695

    I got it for 2k under MSRP and I got 1.5k over KBB on my trade in. All in all it came out to right around 41825 out the door. That includes their bogus $200 dollar processing fee, which I made them reduce from $400.

    They also tried to make me pay a shipping fee of $900 to bring this one in from a different location. The salesman was gung-ho on not ordering it, claiming that we would be money ahead to pay the shipping fees and get this vehicle now, rather than take a deprecation hit on ordering a new one and waiting for 6 to 8 weeks. I almost couldn't contain my laughter on hearing that one. He then asked for just half of the 900, at which point I told him I'd rather order a new one and pay no extra. He then completely removed the fee altogether. I feel like I got a pretty decent deal, I'm not stupid enough to think the dealer didn't make their cut, but at least I don't feel like I got hosed and that's about all you can ask for when buying a car.
  • kyfdxkyfdx Posts: 31,194
    Sounds really nice... What color interior?

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Sand Beige, light poplar trim.

    Thanks, I got so much help and pricing off this site I felt obligated to contribute.
  • We were offered this price.

    Looking for lease 2008 X3 3.0 for 36 month, 15k miles per year with $0 down. What should be my monthly payment/fees?

    Options:205 STEPTRONIC 6-Speed Automatic Transmission, 522 Xenon Adaptive Headlights, -- Metallic Paint, ZPP Premium Package.

    Price quoted:$40,850 + tax.

    We are in New York City. We are current BMW leassee.

    Is this a good price?and what should our monthly fees be?

    Thanks.
  • bodble2bodble2 Posts: 4,519
    I dropped by one of the local BMW dealers yesterday (I'm in Canada), just to browse around. Asked for brouchures on the 2008 X3 & 3 series. They said the brouchures are not available yet, but they were kind enough to give me a photocopy of the "Product Guide 2008, Copy for Retailer Sales Personnel". So, I went home and started flipping thru the documents. And curiously, on the top of the page for each model, there are 3 different MSRPs. One is the regular MSRP which is the one listed on BMW's website. Then there are 2 other ones -- "Suggested Tourist Pricing", and "Suggested Diplomat Pricing"! The "Tourist" price is about 7% or so less than the public MSRP, and the "Diplomat" price is another $1K approx. less. Does anyone know what's up with that? Did I stumble upon some internal secret that BMW has been hiding from the car-buying public? :confuse:
  • kyfdxkyfdx Posts: 31,194
    In the USA.. Tourist = European Delivery

    And.. the base price is about 7% lower..

    Diplomatic price is for foreign diplomats..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • bodble2bodble2 Posts: 4,519
    Thanks for the clarification. I guess no conspiracy then! Now the question is how do I qualify as a diplomat? :P
  • bodble2bodble2 Posts: 4,519
    Does anyone know the current incentives on 2008 X3's? Is it the same $1500 that is offered for the 3 series?
  • I'm looking at a used X3, just under 11k miles, with 29 months of warranty left.

    Here is the equipment list -

    Looks like the 'in service' date is 4/29/2006.

    Options:

    205 Steptronic automatic
    240 Leather steering wheel
    248 Heated steering wheel
    249 Multi-function steering wheel
    346 Chrome line exterior
    402 Panoramic moonroof
    438 Dark maple sycamore wood
    459 Power front seats
    493 Storage package
    494 Heated front seats
    521 Rain sensor/auto headlights
    534 Automatic air conditioning
    640 Phone prep
    692 CD prep
    693 Satellite radio prep
    716 Aerodynamic package
    761 Privacy glass
    785 White turn signals

    Body is good, tires good. One scuff on rear bumper. Dealer (non-BMW) is asking $28,888. I have mentioned $27,500, 'as is' (only one key/remote), or $28k with 2nd key/remote, and bumper repainted.

    Comments? Any 'gotchas' on transfer of remaining warranty, free-service, etc? Quick responses appreciated, headed there tomorrow to deal.
  • ---------------------------------------------------------------------------------

    Hi all.......Newby here....Never owned a beemer....about to trade my '03 Land Rover tomorrow for an '04 X3 3.0, certified, premium pckg, pan roof, black/tan lthr, 35k miles 1 owner, for $25k, all comments appreciated good and bad.... Thanks
  • I thought you should know about my experience Friday Nov. 16th at Ferman BMW dealership in Palm Harbor, Fl. I have owned and/or own Lexus, Mercedes and Porsche vehicles and have not yet had the experience of owning a BMW. I chose Ferman over any other dealer because of their century old reputation of integrity and golden rule philosophy. For the past two months I have been calling on newly listed Ferman BMW X3 ads from the internet as well as sending e-mails, asking, “Is this vehicle still available?” I have been told the same thing every time the very day they are listed, “that ones been sold but we have others very similar”. I found this to be both irritating and unusual since I looked every day without fail and called or e-mailed immediately, nonetheless I continued my quest.
    I was very flexible as to what I’ve been looking for in an X3 as the only thing I did not want was a black interior. When I found my sixth ad in two months, a black and tan “04 for $24,988. I decided to avoid the “internet girls” and called pre-owned specialist Saul Gumpricht, and once again, I’m told, that’s been sold but we have at least 10 ‘04’s and he’s certain we can deal on one of those at that price.
    So straight from picking up our seven year old girl from school at 3:30, we drove to the Ferman BMW dealership, it’s about an hour from my home. 4:30 p.m. Upon arrival we were greeted by Saul Gumpricht who’s polite and professional (but new and was not trained to even show how to unlock the doors from the inside), we looked at a similar X3 as in the internet ad, an ’04 X3 under 50k miles black/tan, premium but we could not deal on it because the odometer statement was not signed by the prior owner nor had it been certified yet.
    We then walked the entire dealership to find another X3 that was similar that was a certified pre-owned and ready to sell. Saul now knowing exactly what I was looking for and price said this car will work, ignore the $32k price listed, we can work on that, as it was sticker priced ten thousand over our budget.
    During our test drive I heard wind blowing in the car and was concerned my seven year old’s door may be open (it was dark and cold out Friday night), then I found both rear windows were open an inch, when I tried to close one it wouldn’t close and when I tried to close the other it dropped into the door frame with a loud clunk! (My first BMW experience!). Saul said, he’s never seen anything like that, not even at the Nissan dealership he came from.
    Saul walked us around the lot and upon walking past the service shop a mechanic floored and surely redlined a 535i blue smoking the engine and cutting on the engine kill while screaming yeee-haw on the top of his lungs. I got some of this on video from my cell phones video cam (YOU TUBE) We all looked at each other and Saul smirked and said they have to do that once in a while. My thoughts were, can you imagine if the owner of that car saw that! I probably would not have given that a second thought had the rear windows not fallen out of a newly certified BMW I just drove with my family. I now questioned QC…
    After walking around again we found another X3, although this one had a 3.0 and I was looking for a 2.5 since 50 extra hp did not matter to me as much as a lower price since I clearly told Saul, “I don’t want to waste time, I want to purchase tonight and want to be realistic and find a vehicle that will sell for $24k, although the ad we printed was on an identical vehicle with 11k miles less than the one we were now dealing on.
    At this point we were all tired and way passed dinner as 4 hours had now passed, the dealership was closed and a seven year old girl gets antsy to say the least. 8:30 p.m. We sat inside to just go back and forth as the $24k price went up to $31k+ on an identical vehicle less the 11k mileage difference. Saul told us his manager Karl Alvarez said, that car we came in on that sold was sitting on the lot for 6 weeks and that’s why it was priced at 24k. How can that be if I was on the internet every day for two months and called on every vehicle immediately? We did have a ’03 Land Rover trade but did not need to trade it. We were $4k apart with or without the trade and 4.5 hours later of vehicle anomalies and a broken supposed certified vehicle shown to us, Saul’s manager, Karl Alvarez never even came out to introduce himself or apologize for our series of unfortunate events.
    My experience has reminded me of my college days, buy here pay here used car lot with a bait & catch ad for a car that never existed, when I bought my ’74 Camaro in ’78 and the headliner fell on my head while test driving.
    The manager Karl Alvarez called us Monday night 2 days after reading this letter and told us the vehicle we were dealing on is ready if we want to come in on Tuesday. Once again this dealership flat out lied! We feel so bad for all the people they must have scammed. We did and the car was an absolute disaster. It was filthy, the bumper needed replacement, there were rattles in the roof and windows, the left and right windshield frames where material covered the pillars were all bunched up as if the dashboard was removed. Then they wanted to rape you on your trade in and rape you on the sale of their so called “certified car”? What does that make Mr. Ferman? CAVIAT EMPTOR!
  • Sounds like $38,500 is too much of a residual after 2 years but is possible. Remember, it is based on the MSRP, not the 'agreed upon price'. You also have to remember you are paying for taxes and the dealer has to make a profit.

    My 07 X3, fully decked out (NAV, Prem, 6 speed, sports, etc.) was MSRP at $50,500. I leased it for $3800 down and $641 a month, 10 K a year. So your deal sounds pretty good actually. I am paying more upfront, $800 more than you. And $253 more per month. But I am also driving 'more' car, 8 grand more than your MSRP so my payments are of course higher.

    And a 3 year term is higher on the BMW's because you are leasing it for three years vs two. If you lease it for less, that's less guaranteed income for the car and when you trun it in, BMW has to clean up the car and sell it to the next Joe or Jane which means more overhead - paperwork, sales people involved, another car on the lot, etc.

    Search the internet for the residuals on the BMW and you will find they are fairly high - they are good vehicles.

    I like my BMW very much - I bought it specifically for WA state - but when I get back to TX, I am probably going to get a 5 series, or a M3 or maybe even a station wagon. I love the power in my X3 but need something a teeny bit faster :-).

    Jim
  • ANOTHER FERMAN BMW EXPERIENCE November 27, 2007



    I received a phone call today out of the blue from Ferman BMW manager Peter Gulotta and he said we want to make things right, that they don't like leaving things off with a bad experience and that he had an '04 this time X5 at an agreeable price with my trade. I was at work but made arrangements to leave to get there at a reasonable hour. I had my wife call Mr. Gulotta to let him know we were coming in and to reconfirm the deal and car specs. He told her he made a mistake, that it was an X3 and he laughed about it! My wife asked, why are you playing with us? He said, he's not but it's a fun cat and mouse game, it's the good thing you didn't come down a third time for nothing while laughing. He ended off by saying, great deals are only given to friends of the Ferman family.
  • Sorry to hear about your experience. First off, let's face it, you're dealing with one of the poor dealerships. Why you would even take the last phone call is beyond me. In any event, I have purchased many cars in my time and most recently a BMW. I have found that a majority of the dealerships I've been to have extremely poor service. It's just the nature of the beast. I purchased three VW from a dealership in one year and a year later I can't even get a return phone call. Bottom line is that it's your hard earned money and if someone isn't going to treat you with the respect you deserve then take your business elsewhere immediately. Once you find that good dealership, stick with them and recommend them. Unfortunately, the car world is full of this attitude and why it's painful for most to go car shopping.
  • I recently ordered an X3 with options totaling approx. $46k MSRP. I got a 67% residual on a 36 month/12k year lease with a MF of 0.00275. I think that's the going rate. In the Chicago area, I strongly recommend Patrick BMW in Schaumburg. Ask for Greg C. He is very helpful and informative through the entire process. I went to Bill Jacobs in Naperville and they were completely rude and unhelpful. I'm not sure how they sell any cars there.
  • bodble2bodble2 Posts: 4,519
    67% residual? Is that accurate? Wow!
  • kyfdxkyfdx Posts: 31,194
    X3 residuals have been crazy high for quite awhile... At least as far back as early Spring..

    The really killer deals were in the Summer on the '07s.. But, the deals are good now, especially for current BMWFS customers.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Yeah, totally accurate. If you're leasing and looking to spend a little, BMW or Audi are the way to go. Purchasing, I'd stick with Japanese.
  • What an absolutely horrible tail. You need to forward your post/letter to BMW customer service. I'm sure that they would love to read it. I have a 2007 X3, and if i saw one of the techs gunning it and screaming out loud while doing so, I'd freak out on them like no tomorrow and talk to every customer service person BMW employs.

    I love my X3, and it has provided nothing short of an incredible overall experience. I suggest you not get down on BMW as a whole and find a vehicle that you like in your price range and go to a more reputable dealer. Maybe friends could provide a referral l to you?

    By the way, as you mentioned, the bait and switch tactic is probably as old as the sun! And BMW is no different than anyone else in that regard.

    Good luck and keep us updated on how things work out.
  • Hi:

    I've held off on a car hoping December lease support might improve... can you lend a hand with residual & mf for 36 & 24 months at 15k miles/year?

    Thanks,

    Ken
  • I'm also considering financing over 60 months - anyone know BMWFS current best rate for the X3 over 60 months? My credit scores would qualify for BMW's best rate.

    Thanks,

    Ken
  • Here are the deals I have on the table for a 2008 X3, configured with Premium Package, Servotronic steering, xenon headlights, privacy glass, heated front seats, heated steering wheel, alpine white (no charge):

    24 Month Lease
    15,000 miles per year
    MSRP $43525.00
    SALE PRICE $41425.00
    LEASE END VALUE $32643.75 (75%)
    MO PAYMENT $620.54 INCLUDING TAX
    DUE AT SIGNING $1756.70 (650 SEC. DEPOSIT INCLUDED)
    MONEY FACTOR .00270

    --------------------------------------------------------------------------------- - -----------------
    36MO
    15000 PER YEAR
    MSRP $43525.00
    SALE PRICE $41425.00
    LEASE END VALUE $28291.25 (65%)
    MO PAYMENT $595.55 INCLUDING TAX
    DUE AT SIGNING $1731.71 (650 SEC. DEPOSIT INCLUDED)
    MONEY FACTOR .00270

    The selling price for the car is $41425, which is $1365 over invoice, but the dealer has to pay MAKO and Training Fees that aren't on the invoice, which brings my cost to $985 over 'invoice'...

    This seems to be a great deal for this car. The only rub is that I have an even more aggressive deal from Acura on their RDX base that's basically at invoice and monthly payments for 36 months ~$453/mo with no cap cost reduction....

    I'm stuck - $595/mo for the X3 or $453/mo for the RDX.... simple economics will probably win out, but I prefer the X3 (narrowly).

    hope this helps someone.

    Ken
  • These boards appear to be largely unmoderated. I've leased two cars over the last 6 years and found these forums to be indespensible, largely due to timely response from the forum hosts. Alas, no longer seems to be the case at Edmunds.
  • kyfdxkyfdx Posts: 31,194
    I can assure you that the boards are not unmoderated... The Prices Paid boards are for members to report their prices.

    Is their some specific information that you needed? Perhaps, I can point you in the right direction.

    regards,
    kyfdx
    Host-Prices Paid Forums

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Koberry,
    I drove both the X3 and RDX this Saturday. As a returning BMW lessee I can do about $100 better on the X3 with 10k, but the 15k is worth about $40/mo.

    Base RDX is available at $425 or so including 7% NJ sales tax, so shop around some more.

    Still not sure which one to get, but the X3 needs an update.
  • Hello All,

    I am a leasing newbie. I am looking for info on two vehicles, the 2008 528xi and the x3. I appreciate all of the postings from you all as they have been extremely informative. I am not going to be able to take advantage of the incentive for 12/07 because I will not be able to purchase until mid-end of January.

    I live in NNJ and would like to find out this info because according to this forum this is what I need in order to negotiate this purchase:
    1 - Invoice price on a 528xi w/nav & cold pkgs, the money factor, residual percentage, and any January incentives you may know about. Looking to lease for 24/36 mos whichever works out better with 15k/yr
    . Also, info adding prem pkg as well.
    2 - Invoice price on a x3 w/nav & cold pkgs, the money factor, residual percentage, and any January incentives you may know about. Looking to lease for 24/36 mos whichever works out better with 15k/yr

    Thanks, also any tips or rec's for dealerships and salepersons and also other deals made are appreciated.
  • Just leased my new X3 from Laurel BMW in Westmont, Ill. dealer very close to invoice price and at current lease rates (RV - 67%, MF - 0.00255). Knowing how to calculate your payments is a must at any place you go, but this dealership's internet sales department was very willing to take a low profit deal and did not insult my intelligence in the process. I found some very helpful lease calculators on bimmerfest.com under Ask-A-Dealer --> Lease Payment Calculation link. Edmund's price list for optional equipment is spot on, so don't let anyone tell you otherwise like they tried at Bill Jacob's dealership in Naperville :lemon:, and the guys at Laurel always replied to emails and were very professional.
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