Best price you received on your new X5

[momos750]

Originally Posted by shiggidyshack

Hi - I can't find an appropriate thread so am hoping to get some help here. I am looking to list my car for sale (moving out of the country for a few years), but wanted to see what the range of selling/buying prices out there are for a used Metallic White 2014 X5 with 15.5k miles in the M-Sport trim (no issues/dents with engine/trim, or children, pets or food inside the vehicle, etc.)?

I don't want to be unrealistic, but also would like best value for a car I think is fantastic...

Thanks.

My advice would be to search for your exact car on autotrader and cars.com and see what they are listed for with similar options and mileage. That's going to tell you approx what market value is.
Of coarse there is always KBB which will get you pretty close also.
Good luck with your sale. ?

[goodboysam]

Well , I am almost on the verge of signing the dotted line but still thought of checking on this forum .

In NJ , I am getting X5 with a list price of $65,375 . I was able to get 10% off of the list price .
Features :
Premium Package , Cold Weather , Driver Assistance , Driver Assistance Plus, Running Boards , Harmon Kardon , Dakota Leather , Metallic Color .

No other dealer in the North East region was ready to do 10% save for one which was doing 10.5 but didnt like the options on this car .

Any thoughts or suggestions ??

[taxjoc]

Originally Posted by goodboysam

Well , I am almost on the verge of signing the dotted line but still thought of checking on this forum .

In NJ , I am getting X5 with a list price of $65,375 . I was able to get 10% off of the list price .

Any thoughts or suggestions ??

I think if you review this thread you will see that any sale at 7% or more off of MSRP is a great deal. Here in Florida I purchased my wife's 2015 Z4 for about 6.2% off of MSRP and the dealer would not budge off of that price (I know, a different vehicle, but still). Plus I had to pay the obligatory dealer processing fee of $695. Of course, your New Jersey dealer has the 2015 X5 and he probably wants to clear it off the lot as the 2016 will arrive soon. Thus, your 10% off list price, to me, is fantastic.

[mad_max]

This is the deal I just got on email, I'm not impressed by the sales price though. Looks like 5% on MSRP. I also don't understand why the money factor is stated as 1.3, haven't have chance to talk to the dealer yet.

Can someone evaluate this for me through a lease calculator to see if the numbers are right?

Term 36 Months
Mileage 12,000/year
Money Factor 1.3
Residual Factor 57%

TOTAL AS EQUIPPED $66,645.00
Selling Price $63,085.00

Total Capitalized Cost
$63,085.00

Residual Value $37,987.65
Total Depreciation $25,097.35
Capital Reduction ($0.00)
Monthly Depreciation $697.15
Monthly Rent $131.39

Monthly Payment $828.54
Tax (9%) $74.57

Monthly Payment + Tax $903.11

Capital Reduction ($0.00)
Cap Reduction Tax (9%) $78.75
License & Registration $545.00
Bank Fee $795.00
Documentation Fee $80.00
First Payment $903.11
Security Deposit $0.00

Drive Off $2,401.86

Trade Equity $0.00
Rebate $0.00

Due at Signing $2,401.86

[momos750]

Originally Posted by mad_max

This is the deal I just got on email, I'm not impressed by the sales price though. Looks like 5% on MSRP. I also don't understand why the money factor is stated as 1.3, haven't have chance to talk to the dealer yet.

Can someone evaluate this for me through a lease calculator to see if the numbers are right?

Term 36 Months
Mileage 12,000/year
Money Factor 1.3
Residual Factor 57%

TOTAL AS EQUIPPED $66,645.00
Selling Price $63,085.00

Total Capitalized Cost
$63,085.00

Residual Value $37,987.65
Total Depreciation $25,097.35
Capital Reduction ($0.00)
Monthly Depreciation $697.15
Monthly Rent $131.39

Monthly Payment $828.54
Tax (9%) $74.57

Monthly Payment + Tax $903.11

Capital Reduction ($0.00)
Cap Reduction Tax (9%) $78.75
License & Registration $545.00
Bank Fee $795.00
Documentation Fee $80.00
First Payment $903.11
Security Deposit $0.00

Drive Off $2,401.86

Trade Equity $0.00
Rebate $0.00

Due at Signing $2,401.86

Here you go. Looks right to me.

[GOVCO]

So, wife and I get back home from dealership and start looking over the numbers for a new 2016 X5 xDrive35i. Something just doesn't look right.

Here are the rough numbers quoted:

Term: 36 Months
Mileage: 12,000/year
Money Factor: .00170 (Not happy about this right now; yeah right 4.09%!!! Elite FICO score sure as heck not paying that!)
Residual Factor: 57% (Approx. $37,773.89)

TOTAL AS EQUIPPED: $66,270.00
Discount (USAA ($500) + Dealer Discount): -$4,110
Total Selling/Adjusted Price: $62,160.00
Invoice: $61,660.00
Acq. Fee: +$995.00
Processing Fee: + $299.00
MD Tax (6%): +$3,747.54
Non Tax Fees: +$331.00
Net Price: $66,537.54

What am I missing here? Something like this is gonna run me roughly $1k monthly payment. Not what the wife is looking for.

I didn't do anything in form of negotiating, literally just mentioned USAA, and he says, "right now they're giving $500 off for lease. But I can usually add that, plus some extra discounts to give you roughly -$4,110 in savings." Yeah, and in same breath, he's jacking up the money factor to recoup his discounts given. How much of that is negotiable?

And turns out I'd have to order a 2016, because apparently for what we're looking for, 2015 not out there, which I thought was surprising.

Thoughts?

[ano0oj]

Leased my X5 5.0 at $69,000.

$7000 discount

options:
msport
cold weather
lighting package

[mad_max]

Originally Posted by momos750

Here you go. Looks right to me.

Thanks man! The FL sales tax is generally around 6-7%. Is it different on a lease, and where did you get the 9% number?

[chennai]

whats the best month to get great deals on X5 ? I see now most of them getting 7+% off the msrp ... so wondering is it the right time to buy ?

[momos750]

Originally Posted by mad_max

Thanks man! The FL sales tax is generally around 6-7%. Is it different on a lease, and where did you get the 9% number?

I'm not sure why I put it in at 9, I meant to type in 6 but must have hit the 9. Lol
Good luck with your shopping! ?

[goodboysam]

Originally Posted by GOVCO

So, wife and I get back home from dealership and start looking over the numbers for a new 2016 X5 xDrive35i. Something just doesn't look right.

Here are the rough numbers quoted:

Term: 36 Months
Mileage: 12,000/year
Money Factor: .00170 (Not happy about this right now; yeah right 4.09%!!! Elite FICO score sure as heck not paying that!)
Residual Factor: 57% (Approx. $37,773.89)

TOTAL AS EQUIPPED: $66,270.00
Discount (USAA ($500) + Dealer Discount): -$4,110
Total Selling/Adjusted Price: $62,160.00
Invoice: $61,660.00
Acq. Fee: +$995.00
Processing Fee: + $299.00
MD Tax (6%): +$3,747.54
Non Tax Fees: +$331.00
Net Price: $66,537.54

What am I missing here? Something like this is gonna run me roughly $1k monthly payment. Not what the wife is looking for.

I didn't do anything in form of negotiating, literally just mentioned USAA, and he says, "right now they're giving $500 off for lease. But I can usually add that, plus some extra discounts to give you roughly -$4,110 in savings." Yeah, and in same breath, he's jacking up the money factor to recoup his discounts given. How much of that is negotiable?

And turns out I'd have to order a 2016, because apparently for what we're looking for, 2015 not out there, which I thought was surprising.

Thoughts?

Hi ,
If you don't mind try to look for the 2015 X5 which is exactly the same as 2016 . This way you can get something that you like from Dealer Inventory .
I picked up mine yesterday with Premium, DA Plus, DA and Cold Weather at 10% discount at the list price in NJ .
I had looked into the inventory of dealership vehicles all the way to Boston and Philly but luckily found what I was looking here itself .

[GOVCO]

Originally Posted by goodboysam

Hi ,
If you don't mind try to look for the 2015 X5 which is exactly the same as 2016 . This way you can get something that you like from Dealer Inventory .
I picked up mine yesterday with Premium, DA Plus, DA and Cold Weather at 10% discount at the list price in NJ .
I had looked into the inventory of dealership vehicles all the way to Boston and Philly but luckily found what I was looking here itself .

Good point. Didn't look at inventory yet; wanted to get numbers first if we ordered. I do know some of the packages changed and some things are now standard. Looked like ordering a new 2016 would be cheaper, but will have to check 2015 inventory of course.

However, from a numbers perspective though, looks like their screwing me (or trying to anyway) on the MF of .00170. I assume the MF is set across the board no matter where you live? Naturally, I'd like to negotiate it as close to .0013 as possible. Anyone have any insight into this? Thanks again!!!

[momos750]

Originally Posted by GOVCO

Good point. Didn't look at inventory yet; wanted to get numbers first if we ordered. I do know some of the packages changed and some things are now standard. Looked like ordering a new 2016 would be cheaper, but will have to check 2015 inventory of course.

However, from a numbers perspective though, looks like their screwing me (or trying to anyway) on the MF of .00170. I assume the MF is set across the board no matter where you live? Naturally, I'd like to negotiate it as close to .0013 as possible. Anyone have any insight into this? Thanks again!!!

Interest rates and money factors are credit driven. I'm not sure what the top tier rates are but I believe it's 680 fico or higher. In other words your only bargaining chip to get the best money factor is having the minimum fico score for the top tier. BMW sets the MF at .0013 across the board, regardless of geographical location within the U.S. BMWFS allows the dealership to mark up the MF a maximum of 4 points. Which is what they are trying to do to you at .0017.
My advice would be to deal with a dealership or individual that doesn't dick you around from the start.
There are a couple of dealerships that sponsor here on the boards. My advice would be talk with Greg Poland at Pacific BMW.

[GOVCO]

Originally Posted by momos750

Interest rates and money factors are credit driven. I'm not sure what the top tier rates are but I believe it's 680 fico or higher. In other words your only bargaining chip to get the best money factor is having the minimum fico score for the top tier. BMW sets the MF at .0013 across the board, regardless of geographical location within the U.S. BMWFS allows the dealership to mark up the MF a maximum of 4 points. Which is what they are trying to do to you at .0017.
My advice would be to deal with a dealership or individual that doesn't dick you around from the start.
There are a couple of dealerships that sponsor here on the boards. My advice would be talk with Greg Poland at Pacific BMW.

Thanks for feedback. Yeah, my FICO is well above that level; so nice to know. [Flashback of Experian Credit Tracker commercial.] hahahaha I want the X5, with a great discount...oh, and I want your office plant to Mr. Salesman!

p.s. I live in MD, so Cali may not be best choice. ha

[BayX5]

The 10% discount that's been mentioned, does that include the $1500 advertised money back?

[goodboysam]

Ya , That includes all incentives .
No dealer I found was ready to go below their quoted number by any means . 10% also brings you significantly below the truecar price as well .

[Rustynail]

Originally Posted by BayX5

The 10% discount that's been mentioned, does that include the $1500 advertised money back?

Where is there an $1,500 money back incentive? Link please if you have one.

[BarryB]

There is the $1000 test drive program going on right now.

[momos750]

Originally Posted by Rustynail

Where is there an $1,500 money back incentive? Link please if you have one.

The 1500 is build cash rebate. Only good until July 31.

http://www.edmunds.com/bmw/m5/2015/s...tomer-rebates/

[doormouse]

Originally Posted by momos750

The 1500 is build cash rebate. Only good until July 31.

http://www.edmunds.com/bmw/m5/2015/s...tomer-rebates/

is that valid on X5 though? appears that the build-out cash is limited to certain models.

[momos750]

Originally Posted by doormouse

is that valid on X5 though? appears that the build-out cash is limited to certain models.

Oooops my bad. That is for the M5, I posted in the wrong forum.

I think the incentives for the X5 are the 1000 Ultimate Drive Event, college grad, maybe a couple more but they're not really advertised.

[Rustynail]

Originally Posted by momos750

Oooops my bad. That is for the M5, I posted in the wrong forum.

I think the incentives for the X5 are the 1000 Ultimate Drive Event, college grad, maybe a couple more but they're not really advertised.

Yeah, seen that and did the same as you, then read closer and see no on the X5, no Ultimate Drive events around here, kind of feel this is a poor promotion when they don't make it available to everyone in every area. Oh well.