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After the deal, I just concentrate on enjoying the car.. I wouldn't sweat the 1000 miles..
regards,
kyfdx
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I know there's not much I can do, I still want the car, but I wanted an explanation moreso.
Obviously, if it has 1000 miles, someone has been driving it.. You'd likely have no way of knowing who that was, or verifying anything they tell you.. I'd make sure the warranty isn't already in effect. I can live with a few miles, but I'd hate to give up any time on my four year warranty.
regards,
kyfdx
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I know there's not much I can do, I still want the car, but I wanted an explanation moreso.
I really doubt they can give you a 51K mile warranty.. I've never seen it on a BMW.. Ask them to pull a vehicle history report on your car.. It will show you the in-service date and the warranty date and mileage expiration.. That will show you if it is "new" or not. If it already has an in-service date, there is your answer.. If it has a 55K mileage expiration on the warranty, then it has been entered into the demo/service loaner program.
Seriously.. don't sweat it over 1K miles.
regards,
kyfdx
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Thanks for your help
AAP
Anyone know? Wasn't able to cut a deal with dealer this month, unfortunately.
I am paying 0 down; I got the 1.9% financing;
the price I got it at is $40,500 MSRP $42,395). Is that a good price given I just read that 3.0s are being severely discounted? So far I have paid the dealer a $500 deposit so he can get the car for me from the port (it just arrived). But since I haven't signed the paperwork, I can still backout. The alternative is a 2004 Infiniti FX35 in golden sand with both the Tech and Touring packages (that means Bose audio, rear camera, nav system... way more stuff than the X3) for $40K but at 4.6% financing and $400 less on my trade-in as compared at the BMW dealer).
well, I waited this long for an X3, what is a few more weeks!!
If you feel that you aren't ready to make a choice right now.. just back out and take a deep breath for a month or so...
Granted, you probably won't be able to find an '04 model then, but since you don't think you are getting that great a deal, anyway... waiting shouldn't hurt much.
Since you are considering the 3.0 model, you might want to wait and get an '05.. You won't be able to get 1.9% financing, but the MSRP is likely to be lower on the new one..
If your only choice is the BMW or the Infiniti.. I vote for the BMW.. naturally..
regards,
kyfdx
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regards,
kyfdx
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2) If you want to back out (and it seems like you do), call them immediately, and tell them you changed your mind. It happens all the time.. though, it might not be too easy to negotiate with this dealer again.
3) It is a lot of money... if you don't feel comfortable with it.. and you aren't under any time pressure, just back off and wait.. and do some more research.
4) No responsible dealer will keep your deposit money...
regards,
kyfdx
If you give me the exact options on your '04.. I can price an '05 for you.
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MSRP 42,395
Invoice $38,855
'05 X3..
MSRP $39,620
Invoice $36,280
3.0 model with steptronic, premium, privacy glass, metallic paint..
You won't get 1.9% financing... but, even at MSRP, it would make more sense to get a 2005 model.
regards,
kyfdx
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Would you happen to know when the 2005 X3s will be available?
Toodle-oo
Passeul
2004 BMW X3 with premium package, xenon lights, heated seat, leathered seat, auto seat, moonroof.
MSRP $37795
36mo lease
15000 miles/yr
DownPayment/Drive off: $3700 (including license, registration, etc)
Monthly $404.95/month (including 8.5% tax)
I am new with the leasing idea, but could you help me and let me know if this is a good deal?
Thank you.
The effective interest rate on the lease is under 2%.. I'd rather keep my money in the bank, and have a higher payment.. If something happens to the car early in the lease, that downpayment goes up in smoke...
regards,
kyfdx
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1 - With the upgraded 2.5 and 3.0 engines coming out for 06 I think there will be big discounts on 05s.
2 - I’m not impressed with current prices and the incentive on the 05 3.0 is a sign of things to come IMO.
3 - Since I buy and don’t lease, FMY and the resale of a brand-new model is an issue for me. I want to see this model grow some roots. Accordingly, I think the X3 is better suited to leasing right now but have always felt handcuffed by lease terms.
4 – I think the BMW market is a little volatile. Last year some E-39 5-series buyers got caught paying close to retail while others paid anywhere from 4-6 grand less. I think the days of holding the price line on higher volume BMW production cars is over. BMW reliability and resale is living off the merits of a previous generation of cars that were produced before all of this platform diversity.
Of course if your not too concerned about money, hey, go for it. The 1.9% financing is very attractive and in the end I think the X3 is an awesome small SUV. Handling is amazing and I also like the nonsense-free interior.
BTW, Heard a radio ad this morning for leftover 04 X3s. $284/mo lease, no other details, at least none that I can remember.
1) Good possibility
2) I think the 3.0 prices are as low as you will ever see them.. Well-equipped for under $40K, and completely loaded for $43K. That is cheaper than a 330i. (as always, IMHO)
3) For the '04s, leasing is definitely better than buying.. Haven't seen any '05 numbers yet.. Leasing has one big advantage: guaranteed re-sale price.
4) Agreed....volatile.. Not sure if those days are over for good or not, though.. it sure has been good for buyers the last couple of years.
I think they held off on the pricing for the '05 X3s, specifically to get rid of the '04s before the price drop on the 3.0 was common knowledge. Haven't looked in a month or so, but I'd guess pickings are slim for leftover '04s now.
regards,
kyfdx
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I didn't find a 04 with the only options I want. Dealers quote 200 over invoice for every 04s. But they are all loaded or strippers. I don't think loaded 2.5 are good deal at all since they are just 1K less than 05 3.0. But I don't want a stripper either. Do you know anyone order 05? Thank you!
What would be a reasonable offer for the '04? Kyfdx, any thoughts on this? The invoice price for a comparable '05 (as you had mentioned) was $36,280. But with depreciation numbers lurking in the background, and the 1.9% financing beckoning up ahead, my head is spinning. Any insights will be mucho appreciated.
Best,
mem-SAAB
If you are buying, rather than leasing... I'd go with an '05 either way... That '04 would have to come down to under $37K to make any kind of sense...
If you were interested in a lightly optioned 2.5, then my advice would be different.... but for a 3.0 with step and premium, I don't know how they are going to make it work... Now, we know why they were holding off on announcing prices.
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Many thanks kyfdx!
And now to start the whole car-buying dance again; but better armed (to mix metaphors).
Cheers-
memSAAB
I would greatly appreciate your help - Is this a good deal? I think the numbers don't add up. I looked into leasing a 2004 X3 2.5i with heated seats, sunroof, and automatic; 36 mo. and 12,000 miles. What is the current residual, money factor and acquisition fee? They were asking for $3100 down; and 394 a month for a 36 month, 10,000 miles. Thank you in advance for your help.
I got a quote from a VA dealer and the numbers don't quite add up.
MSRP: 34595
Residual: 60%
Term: 36
Money Factor: .00110
Selling PRice: 32500
Less Cap Red. 1709.02
Down Payment: 3100
Acquisition Fee: 725
Adds to cap cost: 725
NEt Cap cost: 31581
1) $3100 isn't your downpayment.. it is your due at signing.. The cap reduction of $1709 is the "downpayment".
2) The only thing that looks decent on this deal is the selling price..$2100 off MSRP seems reasonable.
3) Using their MF of .0011 and residual of 60%, I come up with a payment of $309 + tax.. Not sure how they get to $394 from there.. Also, about $1400 upfront ($3100 - $1709).. About $800 for 1st payment and security.. That leaves $600 for title, licensing? or garbage fees?
4) They have jacked up the MF (base MF is .0007) and the acquisition fee (base is $525).. Just those two increases add $26/mo.
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MSRP: 34595
Residual: 60%
Term: 36
Money Factor: .0007
Selling PRice: 32500
Less Cap Red. $zero
Due at signing: $1000 approx.
Acquisition Fee: $525
Adds to cap cost: $525
NEt Cap cost: $33025
Payment $378/mo. + tax.. Due at signing 1st pymt, security deposit + license, title.
Subtract 1% from the residual for 12K per year.. That will add about $10/mo to the payment.
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do you have the link or the base prices for either model? 2.5 or 3.0?
Thx
D.
I think the base prices have stayed the same from '04 to '05.. From memory....
X3 2.5 base is 30,300 + 695 dest = $30,995
X3 3.0 base is 36.300 + 695 dest = $36,995
The big changes are in the option prices for the 3.0 model.. Moonroof is standard, bringing the price for the premium package down to $1800, and steptronic is also standard, knocking $1275 off.. Those two changes alone have brought the 3.0 with automatic and premium package down over $2500 from a comparably equipped '04 model.
I think most 2.5 prices are exactly the same.
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the 2.5 with step, parorama, cruise, power seats, foglights and on board computer comes out to and MSRP of $34,655 (04 prices)
the 3.0 with step, panorama and all of the above standard, comes in at "only" $2,340 more?
That's $4.7/cc or $57/HP...
Am I missing something?
$6K difference in base price.
$2K-$3K difference if loaded up.
regards,
kyfdx
P.S.: If you are familiar with BMW pricing, this is as cheap as you can get an engine upgrade.. Sounds expensive, I know.. but, usually the spread is at least $4K.
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Not me...
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I remember going to the Los Angeles Auto Show in January and thinking that the X3 seemed cheaply made. I drove one this weekend and didn't think it was too bad. Have there been any changes at all between then and the 2004's that are currently on showroom floors? It just seemed more solid than before.
I am looking at buying a x3 2.5 and came across this used x3 with 900 miles at an independent BWM used car dealer. the car has Prem Package, Cold weather, steptronic, in-dash-cd player, privacy glass, and satellite pre-wire. The invoice for a similar equiped NEW car comes upto 33520 (without destination). The dealer wants 33950 for the used one, what do you think? is this a fair price considering that it has been previously titled and has about 900 miles. How much do you think i can negotiate the price down to? I cant get any depreciation figures for a car this new anywhere online. Also does the "full maintenance for 4 years or 50k miles" tranfer to me being the second owner? Please let me know .
Thx
parni
Did he say how he came by the car? I would assume he bought it at auction. Before I would buy it, I would get the VIN# and have the local BMW dealer pull a vehicle history report. That will tell you if it is a buy-back or if it has had serious mechanical problems already.
The one thing that won't tell you.. is if there is body damage. I would want the car looked at really closely, by a professional..
If everything checks out, I think you'd want to pay at least $1000 less than what they are offering.. You are giving up time as well as mileage on the warranty.
Assuming you could find one like it, you could buy a new '04 for about $500-$800 more than they are asking.
Really low-mileage, almost new cars bother me.. especially if not at the BMW dealer.. I always wonder why?
regards,
kyfdx
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I am looking at buying a x3 2.5 and came across this used x3 with 900 miles at an independent BWM used car dealer. the car has Prem Package, Cold weather, steptronic, in-dash-cd player, privacy glass, and satellite pre-wire. The invoice for a similar equiped NEW car comes upto 33520 (without destination). The dealer wants 33950 for the used one, what do you think? is this a fair price considering that it has been previously titled and has about 900 miles. How much do you think i can negotiate the price down to? I cant get any depreciation figures for a car this new anywhere online. Also does the "full maintenance for 4 years or 50k miles" tranfer to me being the second owner? Please let me know .
Thx
parni
2) The website looks impressive.. If they truly inspect each car and disclose all body work, that would be great.
3) A lien being filed on the car likely means it has been sold to an individual at some time.. My question would be: Why did they get rid of a car with less than 1K miles?. That might be hard to find out.
4) For another $3K, you could probably buy a new '05. That is a significant amount, but you would probably see it come back at trade-in.
regards,
kyfdx
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as follows:premium,automatic,xenon,navigation,heated front seats,satellite prep,privacy glass,leather,folding mirrors, metallic grey.
$40750.
Would appreciate opinions.
Volara.
Metallic (either blue water or mystic)
Panoramic sunroof & auto (standard, I am told)
Xenon
Park distance control
Cargo Net
Premium sound
Heated seats
I'd also say premium package except I don't know what's included in it given that the sunroof is std.
many thanks,
memSAAB
Best,
memSAAB
I was about to place an order for identically equipped 05' X3 2.5 and agreed on $40100. Next day I called my salesman and asked him to run numbers for 3.0 with the same equipment and was amazed to learn that their best price for me would be $40,750.It seemed that that was a surprise for the young sales rep also.I grabbed the deal and now I wander whether I could get even better deal.But, what the hell it sounds good enough for me.
regards, Volara.
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regards,
kyfdx
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