09-15-2017, 10:05 PM | #1 |
Registered
1
Rep 4
Posts |
Bad deal?
So I just stopped by a dealer, and here is what they calculated for me... $7000 down and the monthly is crazy high! I did try to build the 2017 X3, then made its MSRP rise up to $58,000, and the monthly was no more than $580 (same down pay)... I love this car, why so hard to get in Any recommendation for a dealer in the area of LA?? This one is Nick Alexander BMW... |
09-16-2017, 01:08 AM | #2 |
Brigadier General
3102
Rep 3,070
Posts
Drives: 2023 iX M60 Oxide
Join Date: Jun 2007
Location: UT
|
The 2018s have a 59% residual, which is not great. The 2017s have a 64%. That means at $58k that if you get a 2017 they more or less throw in $2500 compared to the 2018 deal. They offset this lower residual a bit for existing X3 leasers who want to switch to a new 2018 by giving them a $1500 credit currently.
If you want a 2018 I'd suggest waiting a few months until they get rid of some 2017s and the residuals will probably start to go back up. That, or consider purchasing it. If you can get a low interest 7 yr loan, you can trade it in after three years and that's essentially the same as a lease (there is more risk but you also save on the acquisition fee of a lease). The lease isn't really that great right now. I also don't see any mention of what discount they're giving you off the MSRP or what money factor you are getting. I've looked at these and if you shop around you should be able to get 3-5% off without much trouble. |
Appreciate
0
|
09-16-2017, 01:35 AM | #3 |
Brigadier General
3102
Rep 3,070
Posts
Drives: 2023 iX M60 Oxide
Join Date: Jun 2007
Location: UT
|
Something is wrong with those numbers. Even throwing in an acquisition fee and MACO on top of MSRP, .00151 money factor, and the 59% residual with $7k down I get under $700 a month, tax included ($675 or so).
|
Appreciate
0
|
09-16-2017, 01:56 AM | #4 | |
Registered
1
Rep 4
Posts |
Quote:
Thank you so much for your very detailed opinion!: And you are the first one who talked to me here I see. So now I am planning to talk to 2-3 more dealers. The salesman today said that the price can only be the MSRP, or maybe $1000 off, because it is all new generation After reading your comment, I think $700+ monthly is kind of BS.... I understand that the price would be better if I can wait a few months. However, my current lease is gonna end in 3 months and... I really love the new X3, can't wait to jump in |
|
Appreciate
0
|
09-16-2017, 06:38 AM | #5 |
Private
46
Rep 64
Posts
Drives: 2022 X3 M40i, 2024 X1 M35i
Join Date: May 2005
Location: Durham, NH
|
I ordered an X3 M40i and my dealer is giving me $100 over invoice (their doc fee is a whopping $495 so not as good as it seems). I am still concerned, however, that the lease residual is going to create a payment I won't like. My dealer is also telling me that the lease numbers are not out so he can't get me a price.
My current lease is an X5 with an MSRP about $3200 more than the X3 I configured. I can't see myself staying in the X3 deal if the new payment is more. |
Appreciate
0
|
09-17-2017, 07:27 AM | #6 | |
New Member
5
Rep 26
Posts |
Quote:
|
|
Appreciate
0
|
09-20-2017, 04:37 AM | #8 |
SPEED RACER
375
Rep 740
Posts |
Best Deal so far
MSRP $67020 Sale $62,380 .00152 money factor 59% residual ($39,574.25) $866 with 8.625% tax included
__________________
2019 BMW X5 M50d Artic Grey | 2020 BMW M2 CS Misano Blue
Incoming - Ginetta G56 GT Academy | Incoming - BMW X5M Comp Oxford Green RIP - 2020 Mini JCW GP Racing Grey | RIP - 2013 X3 xDrive28i Carbon Black |
Appreciate
0
|
09-20-2017, 12:45 PM | #9 |
Private First Class
15
Rep 121
Posts |
Seems high...
I just ordered an '18 X3 30i for my wife. Total MSRP was 56,120. No money down (NEVER! If you get T-boned and car is totalled when you pull out of the lot, you get ZERO back -- including any pre-paid sales tax). Anyhow, off my soap box.
No money down, no prepaid sales tax, 10k/year, 36 month lease. $752.16/month inc. 8.125% sales tax. Actually less than the 2015 X3 lease by about $7/month for more car which is hard to believe. I just pay first month's payment and DMV fees and leave. Production number and status 112 as of today... told week 42 build.
__________________
Current: 2014 BMW 535d xDrive MSport | Dark Graphite | Black l Dark Wood | Loaded
Current: 2018 BMW X3 30i | 2014 MINI Cooper S | 2007 VW Jetta 2.5 Retired: 2015 X3 28i | 2011 BMW 535i xDrive MSport | 2008 BMW 535ix | 2005 BMW X5 4.4i | 2002 BMW X5 4.4i | 1986 BMW 325e (275k miles) | 1983 BMW 320i |
Appreciate
0
|
09-20-2017, 12:56 PM | #10 | |
Brigadier General
1535
Rep 4,555
Posts |
Quote:
__________________
Current: 2021 ///M3 Competition Isle of Man Green
Ordered: 2024 ///M2 Zandvoort Blue Past: 2018 X3 ///M40i | 2012 328i | 2009 335i | 2007 335i Coupe | 2005 545i | 2001 325i |
|
Appreciate
0
|
09-21-2017, 04:26 AM | #11 | |
SPEED RACER
375
Rep 740
Posts |
Quote:
__________________
2019 BMW X5 M50d Artic Grey | 2020 BMW M2 CS Misano Blue
Incoming - Ginetta G56 GT Academy | Incoming - BMW X5M Comp Oxford Green RIP - 2020 Mini JCW GP Racing Grey | RIP - 2013 X3 xDrive28i Carbon Black |
|
Appreciate
0
|
09-21-2017, 07:02 AM | #12 |
Private First Class
15
Rep 121
Posts |
BMW of the Hudson Valley in Poughkeepsie (Michael Bueti). Orange County BMW in Harriman is also very aggressive in their pricing.
__________________
Current: 2014 BMW 535d xDrive MSport | Dark Graphite | Black l Dark Wood | Loaded
Current: 2018 BMW X3 30i | 2014 MINI Cooper S | 2007 VW Jetta 2.5 Retired: 2015 X3 28i | 2011 BMW 535i xDrive MSport | 2008 BMW 535ix | 2005 BMW X5 4.4i | 2002 BMW X5 4.4i | 1986 BMW 325e (275k miles) | 1983 BMW 320i |
Appreciate
0
|
09-21-2017, 08:32 AM | #13 | |
Banned
332
Rep 415
Posts |
Quote:
|
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|