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For my package the MSRP is $59,880. Of that accessories are $7,780. Should there be more to squeeze because of the high amount of accessories MSRP, or is $1,250 over their invoice as good as I can expect before getting in the showroom?
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Can you please email me the Salesperson's name? (Email in profile).
I would rather go to him than anyone else.
How do you like the X5 so far?
thanks
Thanks!
Steve, Host
I tried to email you, but it bounced back. Please send me an email through my profile, and I will respond with the info.
I am looking for a lease term between 36 months and 42 months depending on which would provide the best deal in terms of the residual. Annual mileage would be 15K. I have flawless credit with a FICO score of over 740.
What would be the lease terms that I should aim for - specifically the money factor and residual that would be appropriate?
Thanks for any help.
I am sorry that the email bounced, though I am not sure why. I checked your profile and your email address is private. Can you please try to email me again? I will really appreciate it.
thanks,
I am looking for a lease term between 36 months and 42 months depending on which would provide the best deal in terms of the residual. Annual mileage would be 15K. I have flawless credit with a FICO score of over 740.
What would be the lease terms that I should aim for - specifically the money factor and residual that would be appropriate?
Thanks for any help.
kirstie_h
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I have requested the assistance of the forum that you specified.
I am sorry that the email bounced, though I am not sure why. I checked your profile and your email address is private. Can you please try to email me again? I will really appreciate it.
thanks in advance
It looks great to me, but it the car business its hard to trust anyone.
thanks,
es
That said, if the payment is $550/month tax included, with nothing down, it is going to be a good deal either way... The lease terms and the MSRP of the car will determine if it is a good deal or a great deal.
regards,
kyfdx
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Bought the X5 3.0 yesterday. It had 83 miles on the odometer. It came with auto transmission, premium package, navi, xenon, cold weather package, rear climate package.
Bank fees, sales tax, tt&l were all rolled into the monthly lease payment.
Signed a 39 month lease with 39K miles for payments of $605.96 per month. The only cash out was the first month's lease payment and a security deposit of $650.
MSRP 50620
Money Factor 0.00125
Residual 60%
Thanks to this forum for all the helpful information.
Also, saw national campaign for lease program. Apparently 2004 X5 3.0i, step trans only (i.e., base model) with MSRP of $42,770 and lease payment, excluding taxes, of $449. Same program offers 2004 X5 4.4i, 19" wheels, Cold Weather Pkg and Sport Pkg with MSRP of $56,095 and lease payment ,excluding taxes of $618. Is there a dealer in southern California that is running these offers? Finally, does anyone know why the car that I am looking for in the paragraph above and a MSRP between the two prices in the national campagin leases for roughly the same monthly amount as a $56,095 car?
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Can you send me the dealer information to dhuang1@optonline.net? Thanks!
Steve, Host
I shopped for the car almost completely by e-mail. Mailed (and web-formed) my requirements to 10-ish dealers in a 100-mile radius area and asked for a quote. About half of the dealers responded, and all of them quoted prices under the Edmunds TMV. The 2nd lowest quote suggested that I could get the 2005 X5 for just a slight increment in price, and that's the deal I went for.
All in all, this was the most pleasant car buying experience I've ever had. The most pleasant, except for one glaringly bad visit to Peter Pan BMW in San Mateo.
I would recommend to everyone in the area that they avoid Peter Pan BMW. They have the most unhelpful and rude sales staff. I initially wanted to shop there, since they are the local dealer for me. When my wife and I visited that dealership, we were completely ignored for a solid 20 minutes while she and I climbed in and out of the '04 X5 on the show floor. Other customers would come in, and they would be helped. My wife and I, we were completely invisible to them. Finally, exasperated, I grabbed someone to ask him to let us test drive the SUV. The guy stared at me blankly for a couple seconds and then turned away. They lost our business that day, when I would have been willing to try to reach a deal with them.
Oh, I am in the San Francisco Bay Area.
Vic
I too live in the bay area and am looking at purchasing the X5 (not sure 3.0 or the 4.4). I would appreciate if you could email me, at b_najafi@comcast.net, the name of the 10 dealers you dealt with, including their responses (and your recommendation).
Thanks in advance.
I was wondering if you ever got the 10 Dealer names from Joe? I'm getting ready to order an X5 4.4
Thanks so much.
Peter
PeterV@GetToTheTop.com
Also anyone know what MACO and TSF are? Is it something I need to pay?
Thanks.
Michael
millspd "Real-World Trade-In Values" Sep 15, 2004 12:19am
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Steve, Host
Let's say MSRP on a 3.0 is ~$49500 (Premium, cold, rear, xenon, lumbar)
The residual to the dealer is $29700
Add on a generous $2000 for CPO and the car should be priced in the low $30ks.
What is a reasonable over 'invoice' on a CPO'd car if you can calculate the dealer cost?
MSRP: $60,145
Selling Price: $58,235
2005 X5 4.4
36 mos./12K miles/yr.
$874.61/month
$1499.61 due at signing (security waived) 2.75% money factor 60% residual ($36087.00)
This doesn't sound like too good a deal, espically when they are making over 3k on the car!
Any help out there on this???
I think the MF is .00275 A small distinction, but important... because it is nowhere near 2.75%.
Actually, using .00275 and 60% residual.. I come up with $899 + tax.
Car_man on the Lease questions board may be able to verify your MF and residual numbers.
regards,
kyfdx
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email;mnm94022@yahoo.com
kirstie_h
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Options: Prem Pkge, Auto Trans, Rear Climate,
Self Dim Mirrors, and Xenon.
INVOICE - 44520
MSRP - 48,520
TMV - 46,725
I tried to reason that since this was an 04, that I should only pay Invoice price since in 3 months it was going to be a year old in book value.
After a couple of hours, I got it down to 46,500.
Sales Mgr supposedly said that was his final offer. I probably should have walked and waited for 05 model but they financed for %4.69 and I was ready to get behind the wheel. I just wonder what the TMV will be in Jan 2005. Volkswagon offered me 5000 off sticker for 04 Touareg. BMW salesman wryly smiled and said "That's what they have to do to move those things" and proceeded to tell me how BMW won't offer the large year-end discounts that Chevrolet and Dodge offer. He also said there won't be any 2004 models left in his dealership in another couple of weeks. There was only one in the showroom and I drove it out with 62 miles on it.
After sales Tax,Title,License,Inspection,Deputy Fee(10.00),dealer's Inventory Tax (111.09) and Road Hazard for the wheels/tires (247.00), I paid 50,000 for my 2004 X5 3.0i.
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I responded with the following:
"Hmmm...I definitely want to purchase and not lease. This is a good price, over 2K under MSRP, about 1200 over 'invoice'. I certainly appreciate you getting back to me so quickly and quoting me such a good price. However, my cousin just purchased a new 545 for only 600 over 'invoice' up in the bay area, and a salesman at Crevier told me he could get me an X5 at under a thousand over invoice this past weekend. I'm not looking for the rarer 4.4 (with the engine shortage), so supply won't be a problem. In fact with the 2005's targeted to roll in within 2 months, waiting should certainly get me a better deal on the year old models. Is that the best price you can give me? I'm targeting something closer to the $500 over invoice range or better."
His response:
$41,600 plus tax and fees WITHOUT floormats would be the best price that I can extend. That is $500 over our true cost (which I can show you); it is $97 more (our cost) for floormats.
Let me know if this is the BMW for you...
So, what should I do...41,700 is still about 1200 over what Edmunds lists as 'invoice'. Any suggestions on responses? I target picking it up next weekend, so I have time. Should I play hardball, and if so, what should be my response?
I can't tell you if that is a good buy or not.. just that if you want that car, he's probably not going to come down any more.. that would be my guess.
Have you considered an X3 3.0? They have dropped the MSRP by about $3K for the new 2005 model.
regards,
kyfdx
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I really like the X5, and I can play hardball if necessary, I can walk if necessary, and I can certainly wait or "lean toward an MDX/RX330" if necessary.
I want to get the vehicle at an excellent price, not just a very good price. Considering the 05's will be coming soon, I think my prospects are very good. But I can always use advice on how to respond to the offer and leverage the deal in my favor...
I am interested but waiting off till Lexus Gx470 05 comes out!
I have good quotes of $1200 over invoice on 3.0 and $1750 over for 4.4? any one with recent deals?
I'll hate to see people getting into bigger X5 next year in 2006 model? any one with confirmation re model year change/redesign thnx