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They probably clear an extra $500 that way.. Keep that in mind when negotiating.. because it will likely cost you an extra $1000 over the life of the loan.
regards,
kyfdx
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<2005 3.0i>
Premium,Cold Weather,Rear Climate, Automatic
MSRP: $48,480
Offer: $45,500 ($1,100 above invoice)
<2004 3.0i>
All of the above plus Xenon
MSRP: $49020
Offer: $45,500 + 1.9% APR ($500 above invoice)
Which one should I take?
If you assume that you will get 4.9% financing on the '05, then the '05 will be about $60/mo. more for the life of the loan... or about $3600 more overall...
If you think you might have the car for 3 years or less, I think that financially, you would definitely be better off with the '05.. The newer the car is, the bigger difference in value between model years, plus you won't have paid the higher interest for the full term.
If you are keeping the car for 4 years or more, then things even out for the '04.
1) That low interest rate is worth more the longer you keep the car... If you sell it soon, or it gets totaled, you'll lose money by having an '04, without benefiting from the low interest rate.
2) The bigger the downpayment, the less you gain from the low rate financing.
3) If you can find 3.9% financing (my C.U. had this as recently as September), then the difference is only $40/mo.
4) If the '04 is a demo, or has already been put in service and has less warranty, then the '05 is definitely the better deal.
5) The '05 is the "safer" deal. All of the above warnings and caveats are a negative only for the '04.
regards,
kyfdx
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The 2005 does add standard lumbar and bluetooth. I personally am a big fan of the Xenon headlights.
Depending on the length of the loan, you can get 4% right now.
Personally if I were buying, I'd go the 2005. Leasing I'd do the 2004 (if residuals where even)
thank you,
Any comparible experience?
Thanks, Solvehere
Yet, in comparing both Edmunds TMV for CPO vs. non CPO as well as actual prices on the BMWUSA CPO web site vs. the cars.com site for non CPO cars, the price difference is much more than that. And the dealers seem to get it! Are the consumers gullible and/or scared?
So, how much more is a CPO 3.0 worth? What is going to happen o an '01 through '03 X5? Interestingly, the CPO certificate and other costs don't vary with age or miles. If someone found a late (e.g., '03 X5) model with low miles and some remaining original warranty, maybe he should pass on the CPO surcharge? Conversely, maybe an '01 with a CPO is a wise investment.
Is a 3.0 X5 that problematic that one should pay 3K-4K more just for a CPO??
Do you mind sharing which dealer gave you those quotes($45,500 for 2005 3.0i)
Thanks in advance,
Murmal
and around VA, DC, MD, NOVA, WVA, NC, SC, DE, PA
and NJ area. I am shopping around for 2005 X5
3.0i. Test driven 2004 X5 3.0i on 11/30/2004
in Richmond VA.
MSRP 48420 + tax + titles + processing fee
Offer 47980 + tax + titles + processing fee
X5 3.0i + Prem Pkg + Cold weather Pkg + Rear
Climate Pkg.
Doesn't look like a good deal. Salesperson
is not ready for any negotiations. Inspite of the
fact that day was last day of the month after the
Thanksgiving day weekend. Any feedback with good
dealer info will be greatly appreciated.
Thanks in advance,
Murmal.
kirstie_h
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Sounds Good to me. BTW can you post your dealer
name, options you have chosen and the location
of your dealer will greatly benefit everyone here.
Yours,
Murmal.
Here are the details for a 36month 15k mile lease.
2005 530
(Cold Weather, Premium Pkg, Nav System, Satellite Radio, Xenons, Automatic)
MSRP $53,115
60% Residual
Selling Price $49,915 @$1100 over invoice
MF .00125
w/9% PA tax $657.28/month
2005 X5 3.0
(Premium, Cold Weather, Rear Climate, Nav System, Xenons, heated steering wheel, self-dimming mirrors)
MSRP $51,520
58% Residual
Selling Price $48,395 @ $1000 over invoice
MF .00125
w/9% PA tax $667.20 /month
A local PA dealer also did very well.
Seems fair to me. Any thoughts? Also a weigh in on the 530 vs X5 in the Snowbelt would be great.
JMK BMW in Springfield and Hunterdon BMW in Lebanon. Daniels BMW in Allentown, PA was willing to match.
Can you provide us with the dealer's name and location with the options you have chosen. I am in the market for a 2005 - X5 3.0i and couldn't find any deal in Richmond, VA which is as competitive as yours is.
Thanks in advance,
Murmal.
I didn't get the navigation as I have a van which already has one. I plan to get a PDA based navigation.
the dealer is bmw of ann arbor, michigan.
Btw, is it good to buy
window etching (anti-theft) for 200
and 6 year maintanene upgrade for 1300
Thanks.
Thanks for the response. I don't know about 6 yr
maintenance upgrade. But I would strongly suggest
you visit this link http://www.carbuyingtips.com/scams.htm?x=0tekxgl_eoyyqkz_ttky3&am- p;y=0x25x62x62x40 to learn more about the scams.
Murmal.
We are in ohio.
Thanks. what was on you x5 that came to 45,500??
One an '01 with 32,000 miles, good options and priced at $36,900 with an Edmunds TMV as a CPO of $32,840. The '01 has 2.9% factory financing which will save us $900 over the course of a three year loan compared to 5% financing. I think that the dealer built this into the asking price!
The second one is an '02 with with 42,000 miles similar options, priced at $38,900 with an Edmunds TMV of $36336 as a CPO (The CPO is worth a premium over an above dealer retail.). There is no extra special financing , only 4.9% from BMW.
I'd like to ask the board several questions:
1) We tend to keep cars for 10 or so years from new and out to 110,000 miles or so. Will an X5 be suitable for this kind of retention or will it nickel and dime us? Should be go for a stick shift if we are going to keep it that long (I've read the BMW automatics aren't great, despite being made by ZF).
2) Given the only 10k price gap from a new '05 (see above post) should we just buy a new one?
3) At what price level do the above cars make sense? Below Edmunds TMV with CPO?
Thanks,
2) Yes, at those prices, you should just get a new one.. or a leftover '04, if the deals are good.
3) The above cars? I'd rather have the low mileage '01, but I think a price closer to $30k would be more in the ballpark. The lower financing helps..
On the used ones, the expiration date of the CPO warranty would be my major concern.. If the '01 has an in-service date of 10/00, then it has less than 2 years of CPO warranty left... On the other hand, if the '02 in-service date is 09/02, then you have almost 4 years of warranty left... So, even though they are one-model year apart, the warranty expiration could vary greatly, depending on what time of year they were first sold.... it could also vary in the other direction, of course...
regards,
kyfdx
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"MACO is a fee charged to all
Bay Area Region dealers at 1% of the base invoice price of the car.
In the case of the 2005 X5 3.0 MACO would be $381 because the base
invoice is $38,105."
This this correct? Is there such a thing as MACO?
THanks.
But, that is part of the dealer's cost, not yours... unless you negotiate $XXX over invoice.. In that case, you have to take that charge into account.
regards,
kyfdx
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its my 1st time buying an suv, so comments would be really appreciated. thanks
one more thing, is the pastel green interior available for USspec x5?
2003 BMW X5 3.0 13249 miles
Premium Package
Cold Weather Package
Xenon Headlights
Woodgrain
Light Green Metallic Paint
Not a CPO; original warranty and maintenance till
9/07. Dealer says it cost them $5,000 to have them CPO, but would be half ($2,500) if I do directly through BMW, says I can do anytime before the warranty runs out. Is this true? Car was purchased at dealership and resold by original owner who left the country to dealership. I plan to verify with Carfax, dealer offered to do it for me. I will be returning as soon as I can come up with price to offer.
Listing Price: $38,895.
Appreciate any feedback and assistance on what price to offer and CPO costs and truths. Also Consumer reports lists that vechicle can lift wheels in high avoidance manuevers. Has anyone experienced this?
Thanks for the help!
Their payment to BMW to CPO the vehicle is about $1200.. They may have other costs to bring it up to CPO standards, but in general the total cost is only $1500-$2500... and probably on the low end, considering that car only has 13K miles.
It sounds like they don't want to CPO the car.. Probably one of three reasons..
1) With the low mileage, they think they can sell it easier without the CPO.
2) They sense price resistance from you, and think they can't get the CPO cost back on purchase.
3) There is something that disqualifies the car from the CPO program. (prior major body damage, manufacturer buyback, etc..)
The $5K BS, and the "prior owner left the country", and the misinformation about buying the CPO warranty later... Those would all make me very nervous about this car and this dealer.
regards,
kyfdx
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You might start a search of BMWUSA.com and autotrader, ebay, etc... to get a feel for prices.. Of course, realizing that BMW CPO units usually have unrealistic asking prices..
I might just pass this unit up, considering the response they have given you so far.. If they are unwilling to CPO it, getting them to do it may not enhance your negotiating position..
Are you anywhere near Utica? Carbone BMW has a good reputation, but they are small, and may not have much inventory.. Of course, if that is where you are shopping, then.. never mind..lol
I just don't get any warm fuzzy feelings from the guys you are talking to.. But, of course, that is just from one phone conversation..
One thing I would ask for.. A BMW vehicle history report... The service advisor can print that out in one minute, so don't let them tell you they can't give it to you.. That will have all info on warranty expiration (which you already know) and any service issues the car has had... Sometimes those reports can be enlightening... Watch for any white-out and re-copying on the report they give you..
Good luck..
kyfdx
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The gray-green is gone.. There are two greens available..
One is called Olivine.. this is a lighter green, and there is Highland Green.. a darker green.. I don't think either look like the old gray-green, though...
regards,
kyfdx
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It's a lease, and I thought the terms were pretty good. Not the best ever, but good.
MSRP - 49,370 (X5 3.0i, Sterling Grey, Black, Step., Premium, Cold, Rear Climate, Xenons, Heated S. Wheel)
Selling price - 47,432
(Someone needs to check the TMV...)
628.64 / month, 15k mi./ year. 36 Months, 58% Residual.
$3,436 up front (1,128 taxes, 307 MV fees, 650 security, 98 doc. fee, 628 1st payment and 625 bank fee)
Money factor .00140
My dealer was Open Road BMW in Edison, NJ. It was a WONDERFUL experience. I made an initial email inquiry, a few emails and phone calls later and a deal was struck. I picked up the car earlier this week.
kirstie_h
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2005 X5 3.0i, Silver
Premium Package, Climate Package, Cold Weather Package, Sport Package, Xeon Headlamps, Navigation System, Parking Control,Premium Hi Fi Radio system
MSRP - $55,770
Selling price - Invoice + 800 = $51,825 (includes MACO fee)
How did I do guys?
Which dealer did you get this deal from.
I got the price from BMW of Escondido. Is that a pretty good price?