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2013 and earlier BMW X3 Prices Paid and Buying Experience

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Comments

  • lawman1967lawman1967 Posts: 314
    I beleive that the 3.0si is just a year newer, not a designation for the sport package. the si should be the 07 and 08 models with the new engine and updated interior, while the 3.0i is the original 215hp engine and model year 04 through 06.

    For 09 they are all XDrive 30i, but it is the same car as the 3.0si.
  • whitney3whitney3 Posts: 3
    Boy does that ever help. I feel stupid about that. I assumed (my daddy told me never to assume) that the "s" meant "sport". I kept thinking, "surely they didn't sell only sport package models." I'm straightened out now. Thanks.
  • jayvisjayvis Posts: 76
    A 2009 X3 with heated front seats and privacy glass has a dealer invoice of $38,125. You have to be one of the very few to ever have bought one under invoice, regardless of how it's equipped. Here in the Midwest, over 80% of BMW sales are through leases so it's virtually impossible to actually buy one with cash anywhere near dealer invoice. The dealers actually try to steer you toward a lease. That was one of the reasons I ended up buying a Lexus RX350.
  • lawman1967lawman1967 Posts: 314
    Yup, I'm very pleased. I emailed the dealership (Pacific BMW in Glendale, CA) and asked for the lowest price they could give on an in-stock X3. I did the same with about 8 other BMW dealerships and nobody else was close on account of only having loaded cars.

    There was no pressure whatsoever to lease, and my wife's cars average about 35,000 miles per year (mine are at about 50,000) leasing just isn't an option.

    We also looked at the RX350, nice car, but she preferred the feel of the X3.
  • jayvisjayvis Posts: 76
    I hope you don't mind me asking why you put so many miles a year on your vehicles. That has to be a huge expense.
  • newbmrnewbmr Posts: 26
    Hi Everyone,

    I need your help again. I am looking for 2007 X3 and have a few 'preliminary quotes' from local dealers here in the Bay Area.

    I also have a quote from a VW dealer -- the car is a lease return which the VW dealer says bought from BMW in an auction.

    And finally, I have a quote from a self-described 'small, independent used car dealer'.

    Note: All cars in question (i.e. BMW dealer CPOs, VW, and indie. dealer) advertised on Craigslist.

    Here is my issue. Since I just started the process the local BMW dealer quotes are on the higher sides as compared to the those from independent used car dealer and the VW dealer.

    Questions: What are the pros and cons of buying a CPO from a BMW dealer? Under what scenario would a deal from VW dealer or independent used car dealer make sense? Is it safe do buy a BMW from a non-BMW dealer?

    I have never bought a CPO before and I am unable to assign a value to it. This forum helped me with my previous new car purchases: a new 2004 X3 and again last July for a '08 Acura TL. (Thanks for all your help!)

    KYFDX and others: Looking forward to your insights and replies.

    Best,

    newBmr
  • daddymandaddyman Posts: 14
    If you are going to buy a 2007 AT I would HIGHLY recommend a CPO from a dealer. Not all, but by best estimate about 1 out of 10 of the 07's have transmission problems. A private dealer will be very limited in helping if you should be one of those ten. If you don't believe me read the many popular forums and ask yourself why there are so many 07's available. If you get one of the bad ones they can be an accident waiting to happen. :lemon:
  • jmcbmwjmcbmw Posts: 62
    I love my 2007 X3. It's got just what I need with Step, NAV, Heated seats, Rear Climate package and Xenons. My residual is $32K (24mo/15K lease) and I only have 24K miles on it. I did purchase the "Safe Lease" return damage coverage of up to $5K. Only in the past 3 months I have had someone separately hit the rear bumper and front bumper in parking lots and now both ends needs painting. Otherwise I have never had a problem and it's perfect. Anyway, BMWFS called me today and offered $7000 off the residual and 5.9% for up to 60 months if I purchased! I was planning to turn it in next month but now I don't know what to do! Seems like a very agressive purchase offer and I was very suprised to get the call. Opinions?
  • lawman1967lawman1967 Posts: 314
    is an outstanding purchase. If the car is trouble-free, I'd buy it.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,965
    Seems like a good deal.. You will still have 2 years of warranty/maintenance..

    However, if you take it, you won't be turning it in, and you won't be able to collect on your damage waiver, or get the bumpers painted on their dime..

    I'd wait for them to call back.. Tell them you aren't sure you want it for $25K... maybe, they'll up their offer.

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • blitz79blitz79 Posts: 1
    I wish I had read your post before purchasing a car from ferman bwm. here is my experience:

    I purchased a 2007 Bentley Continental GT from Jack Price at Ferman Wholesale/BMW (deal 47369 on feb 27 09) for 94,799.95, which was paid through wire transfer. I found Jack through eBay and contacted him directly to negotiate the price. I was told that the car was immaculate and that they have a wholesale guarantee that if the car is not as describe they would void the sale. I did a car fax and auto check on the car. I was also sent info from Jack on how the car was already pre-inspected.

    http://ferman-bmw.ebizautos.com/detail-2007-bentley-continental_gt-3404921.html

    I was told that we would agree on the price, send a deposit, make payment and then I would bid on eBay at the agreed price. I sent the deposit & full payment by wire transfer. I told jack that I would still do a full Bentley dealer pre-purchase inspection when the car arrived. Jack reassured me that the car is perfect. The car arrived a week later and upon receipt I noticed that the engine was making weird sounds. In addition, the car had dents and scratches that were should not have been there given the descriptions from Jack. I contacted him right away to mention these issues. Jack told me that they would pay to have the scratches and dents removed. He was surprised to see the damage when the car left.

    I sent the car to Bentley to have the pre-purchase inspection. The car had significant damage to it. They found that the undercarriage was heavily damaged through some sort of impact and had rusted. The damage even hit the brake line and exposed the line. They also found that the brake rotors & pads were heavily scored and needed replacing. They also found that underneath the rear of the car there was two holes cut out to attach a towing or bike rack mechanism. They also found that the windshield had a rock chip and other chips & scratches on the car. The car also had multiple spots where the paint's clear coat was peeling. They mentioned that the front bumper was removed ad then replace with non-standard Bentley screws & nuts, which are now rusted. The wheels of the car are worn on the inside edge to where they should be replaced. Overall, they said that the damage would cost about $9-10k to repair.

    I contacted Jack to request that they void the sale. I am not interested in a car with so many issues / stories given the price that I had paid for the car and how it was described to me. Jack turned me over to Jeff Stern, his manager. Jeff told me that returning the car is not an option. I showed Jeff the ebay auction and the link to the ferman site to show him the guarantee. He later told me that we did’t do the deal through ebay so it would not apply to me. Up until this point both Jack and myself were conducting the deal for the point of ebay. This was the first that I had heard of this and told that the auction was closed. I told Jeff that the auction and the ferman site listed above is how the deal was presented to me and thus should apply to me. I spoke with Jack who then told me that even if the guarantee applied, he would just take the negative feedback from ebay and not void the sale.

    Jeff told me that I only have 3 options: 1. Use the 500 towards the car repair, 2. Pay for the repairs myself or 3. Sue them. I was appalled and shocked that he said this to me. This is no way to do business.

    Jeff suggested that we work with a friend of his who works for a dealership Los Angeles to do the repairs at cost on the car. However, they would need the car for a few days and that I should drive it to them. Jim needs the car for a few days so I shipped them the car and told Jeff that it would be unreasonable to drive from where I live in Berkeley, Ca. I was quoted the cost of the repairs to be $2,892.50 including the cost of shipping. The repairs exclude replacing the wheels or the brake rotors & pads. Jeff has told me that he is only authorized to contribute $500.

    Their contribution to the repairs of the car is not acceptable and an insult me. I was lied to and the car was misrepresented. I have been told that Ferman's GM, Peter Gulotta is angry and wont contribute more to the repairs because had a higher offer for the car after I sent the deposit.

    Buyers Beware! For the amount I paid, I shouldn't have to have any of these issues. If they would do this on an expensive used car, I can't imagine what they would do to other buyers of used or new cars. Their verbal promises mean nothing and their written promises mean nothing. I have put everything I have into this car or otherwise I would sue them.
  • jmcbmwjmcbmw Posts: 62
    Thanks for the input. I agree, it's a tough call but the damage waiver is nice. Maybe I'll turn it in, wait for them to fix the bumpers and try to buy it back as a certified model! We'll see. I'm considering both new and used vehicles but this has been a very good BMW.
  • ladybmwladybmw Posts: 3
    I have a possible opportunity to puchase a 2005 CPO X3 3.0 for 19K with about 34K miles. Any thoughts??? I thought this was a great deal. This would be my 1st BMW purchase :shades:
  • ladybmwladybmw Posts: 3
    Is it better to finance with the dealership of go externally?

    Thanks :blush:
  • acracklacrackl Posts: 10
    I am in the market for a new (2009) X3, in Houston. Looking to purchase and not lease. Edmunds is mentioning a Cash to Dealer incentive of $4000 (CANNOT be combined with the 1.9% special financing). I am inclined to take this and go with a rate of 4% for 60 months with the credit union.

    Has anyone obtained this? Going by what I am reading (about getting best price on a new vehicle), should I be aiming for "Invoice - $4000" as the true dealer cost?

    Many thanks,

    Andy V
  • acracklacrackl Posts: 10
    Ladybmw, I am in a similar situation, as you can see from my post. However, in my case it makes financial sense to take the rebate and finance elsewhere. The rebate (if I can get it) is $4,000, with a best finance rate of 3.99% (from credit union). Whereas if I forgo the rebate, I can get 1.9% from BMWFS. I used this simple calculator at cars.com to calculate the money saved.

    http://www.cars.com/go/advice/financing/calc/incentivesCalc.jsp

    Along the same lines, I would stay away from less known banks/finance companies any dealership may try to steer me into. All cars where I have took dealers' finace options were with the car manufacturers - example: Lexus/Toyota Financial.

    AV
  • jvergjverg Posts: 8
    Here's another idea if you qualify as a "loyal" customer (which means, I believe, that you have had either a loan/lease with BMW FS in the last 6 months): take the $4,000 truck money and combine it with the $1,500 loyalty incentive. You WILL need to finance at the standard rate which is somewhere around 5.9%. BUT, you only have to stay in that loan for 6 months after which you can refi through your credit union or whatever. Based on a 60 month loan calculation you should be able to squeeze $1,300 out of that $1,500 incentive - the $200 or so difference would get eaten up by the 5.9% loan for 6 months. I was going to run this scenario myself which was, btw, approved/endorsed by my local dealer. In my case, I couldn't gain access to a better rate after the 6 month window so I had to scrap the purchase.

    Good luck.
  • acracklacrackl Posts: 10
    I don't qualify for the loyalty - don't have either. But check this out if you have not already. They advertise 3.99% for used car loan as well - if that is what you are looking for. Along the same lines, interest rates/promotions do change over time and this may not be available in 6 months.

    https://www.penfed.org/productsAndRates/loans/vehicleLoans/autoLoans.asp
  • ladybmwladybmw Posts: 3
    Thanks for the response! It was helpful.
  • jurajura Posts: 3
    Thanks everyone for your contributions to this excellent forum. You are really helping to democratize the car buying/selling/leasing process from our (the drivers) standpoint. I'm hoping others who have recently been in the same situation as I am, can share some pearls of wisdom.

    My 39 month lease is coming due Aug 1st on my 06 x3 with premium, cold, xenon lights options. I will be about 4,500 miles above my mileage limit of 32,500 (total of about 37K or less). The vehicle has a few minor scratches etc. which I suspect they will ding me for, and my tires will be borderline as well. I have pre-inspection scheduled in two weeks to see if/what I am up against on minor damage repairs.

    I got the BMWFS call last week and they were surprisingly eager to offer me a $5k discount of the residual price of 28,300 (offered at $23,300) plus $1k off the "normally priced" $2,900 extended warranty through 6 yrs/100k miles. They also offered financing at a mediocre sounding 6.4%.

    We like the car -- had no real issues with it and it fits our lifestyle well. If we buy it, we avoid mileage and any damage costs, and get back our $400 deposit. So, I am pondering my options. The relative ease by which they offered the $5k residual price discount in our first convo suggests they may be willing to do a bit more e.g. package 0.9% interest rate and/or warranty etc.

    I would love to hear from anyone who has negotiated more favorable lease-end purchase terms than what BMWFS offered initially. Also, is the BMWFS 100k warranty typically worth it? Thanks in advance!
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