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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.
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
Thanks,
Ken
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
Is their some specific information that you needed? Perhaps, I can point you in the right direction.
regards,
kyfdx
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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.
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.
36 month - 15k miles
MSRP $43,360,
MF=200
Residual - 64%
Total Start = $720
Month Payment taxes included = $620
I have three questions.
1. Does anyone know when the 2009 X3 production begins? When would I place an order for a 2009?
2. What is the latest date I can order a 2008 so it is built before the factory transitions to the 2009 production year?
3. What is the typical length of time it takes to receive an X3 after an order is placed?
Thanks
1) Is the 2004 X3 a good car? I'm also considering an Audi A4 (2004) so any comparable guidance would be great.
2) How much better is it to buy from a Certified Pre Owned dealer than a used lot?
3) Is $22000-$23000 reasonable?
Thanks!
Obviously MPG is on everyone's mind right now, but honestly, the MPG difference isn't a huge one between the two vehicles, so I think it would almost be worth it to go ahead and get an X5 if the effective price difference between the two was even lower because of better incentives on the X5. Is there anything like the X5 Premium Package Incentive with the X3? Any insight would be appreciated. Thanks in advance!
I assume you're referring to the X5 3.0. If so, how's its performance compared to the X3? Right, not so good. But if you move up to the X5 4.8, the mpg gap widens.
2007 YTD through 6/30 - 14,026
2008 YTD through 6/30 - 9,611
I'm surprised people aren't reporting more generous deals.
The rest you can put on the rise in gas prices, I guess...
They don't have any dealer cash on the X3s, but they do have 0.9% financing for 60 months... That equates to about an extra 10% off, compared to market rates..
regards,
kyfdx
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They do up here in Canada....up to $4500, although that may be more to address the high Canadian $.
I think that is a great deal. They are going for approximately 31k or more w/ comparable mileage here in NJ. Where are you getting this deal.
I wouldn't do it...
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I doubt you'll get new tires out of the deal, but it wouldn't hurt to ask.. Don't worry about the brakes, they'll be included with the maintenance plan.
Considering the dealer is paying close to $3K to add the CPO and maintenance, I don't think you have a lot of bargaining room.. Ask them if they can get you the 1.9% financing.
regards,
kyfdx
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-Gnoch
I would go for $0 down, $491/month including the 7% tax, that's calculated based on the sale of the car at invoice. This is 2008 not 2009 model.
This is 15k/miles, add 2% to residual for 12k miles.
2008 BMW X3 3.0si 4WD SUV
24 Month – Residual 70% of MSRP – .00125 Base Rate 3%
36 Month – Residual 62% of MSRP – .00125 Base Rate
Additionally you can put in 7 MSD (Multiple Security Deposit) for $3,500 and reduce your monthly to $453/month and you earn over 12% on the security deposit which you get it back at end of lease.
2006 CPO X3
Alpine White
Heated Front Seats and Rain Sensing wipers otherwise base
26,780 Miles, In service Date is DEC 2005 (CPO warranty through DEC 2011)
$22,995 with 0.9% 36 Month Financing and First 2 Months paid by BMW
The car is mint (hardly looks used). With tax/tags/prep fees/finance charges (interest) minus the 2 payments by BMW the total purchase cost will be just around ~$24K. The pricing was so attractive that I didn't even bother haggling with the dealer.
I took delivery yesterday (12/31/08) and so far am very impressed with the x3. The interior space is very generous for a "small" vehicle (at least on the outside) and it is very responsive. It's almost like a taller 3-series vs a small SUV/SAV.
Feedback please. How much better can I do?
I'm just guessing, but I doubt your current ride is worth more than $12K-$13K on a trade... Discount should be about $2500-$3000 on the new one... I guess if $29K included taxes and everything else, it wouldn't be too bad... 0.9% for 60 months included in that deal?
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The 0.9% financing doesn't cost the dealer anything.... I'd take advantage of it (even if you don't need to).
The "base" model comes pretty well equipped in '08.. Other than leather, it's hard to tell from the better equipped models...
regards,
kyfdx
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A dealer is offering my gf an '06 X3 with 33k miles, white exterior, leather terracotta interior, premium pkg, xenons, heated seats/steering wheel, privacy glass, auto for $25900 (after taking off $1k), plus 0.9% for 60 months. Good deal?
The vinyl is quite nice as is the rest of the car. Excellent ride and handling.
What were the options on the X3 I'm looking for about the same thing but the dealer is giving me a tough time. He's not budging from close to MSRP on a cash sale I'm about ready to jump to the 2010 Mercedes GLK. Also was that off the lot or a new build
The GLK is a very nice car and a lot cheaper, though Mercedes doesn't have any special financing right now (not a consideration on a cash deal). Since you are paying cash and the price difference is as much as $5K, for a car with newer design and technology, it may be the way to go. We financed ours and BMW's 3.9 APR promotion was a factor in choosing X3 over GLK.
GLK rides a bit softer and isn't as sporty as X3, but is more comfortable on rough surfaces.
after the lease.
2006 X3 30,000 Miles White leather + heated seats
Residual 25,700
BMW will convert it into CPO and sell it back to me for $22,000
I need to return the car after the lease - can't wait for new X3 or Q5 or Volvo ( was thinking about GLK though... ) - there is not much else on the market I would be interested in and current lease terms are not that good.
Good deal?
Michael
Do you only have leather and heated seats, or a package?
I'd say $22k is high if it doesn't include taxes. Here in San Diego, you can get a base X3 from a dealer at around $17-$18k.
Then around $16k from private party. There are tons of used x3 models on the lots around here. The 2006 models are coming...
The final deal is $23,500 with 0.9 financing.
Still not bad I think but much worse than 22K ( Dealer said that made a mistake with previous quote)
Michael