06-21-2019, 09:13 PM | #89 |
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When I go place the custom order tomorrow (6/22/2019), I plan to inform my salesperson that I will trade in my 2014 Lexus IS350 AWD with 24,000 miles. I think you have to bring the car there and have them to apprise it in person, so that they think the transaction is real. I checked on edmund and kbb, so I have a decent idea what my current car is worth. Will let you know tomorrow what they come back with on the trade in.
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06-21-2019, 10:01 PM | #90 | |
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06-22-2019, 09:38 AM | #92 | |
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I told her no way. I think it is worth about 45% of what she paid for it, so closer to $10k, if she is lucky. She lives in Washington DC, so it should be easy to sell Tho. For a 2011, I would think $7-8k, at the higher end if it is tricked out. but haven’t looked up the values on it. We decided to keep our 2011 Highlander when we bought the X5. It only has 75k miles, and cost $34k in 2011. It is the middle trim (no built-in nav). It is only worth about $10k, so it was a no-brainer to keep it. Both the CRV and highlander are such popular cars, you might want to find a friend or family member to buy it, unless something is wrong with it. Our family members were drooling to get their hands on our highlander. They were very disappointed! |
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06-22-2019, 02:03 PM | #93 |
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I've checked..closest one is in PA I think and I'm in NYC. Not super far but it's gonna take up half a day round trip. KBB has it around 9-10K so getting 7k would be ok. Just not sure if they would give even less since they probably have no market for it on their lot. Much rather do a trade in so I don't have to deal with taxes, title etc.
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06-22-2019, 04:10 PM | #95 | |
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06-22-2019, 05:21 PM | #96 |
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I want to thank everyone here on this forum for the invaluable information that helped me to pull the trigger today. It's time for me to make some contributions by providing my purchase info for prospective buyers who are interested in G05. The expected delivery is late July or early August, which is okay because I'm not in a rush.
Order Date: June 22, 2019 My Location: New York City Configuration: --X5 xDrive40i (2019MY) --Black Sapphire Metallic --M Sport Package --21" Orbit Grey Style 744 With Performance Run-Flat Tires --Tartufo Extended --Parking Assistance Package --Aluminum Dark Mesh Interior Trim --Executive Package --Premium Package --M Sport Brakes --Integral Active Steering --Space-saver Spare --2 Axle Air Suspension --Multi-Contour Seats --Front and Rear Heated Seats --Heat Front Seats Armrest & Steering Wheel --Luggage-Compartment Package --Leather Dashboard --Acoustic Glass --Rubber Mats MSRP: $80,395 USD Negotiated Price: $72,888 (or 9.34% discount) Trade-In Value: +$20,500 and sales tax reduction on this amount BMW FS Rebate: +$2,000 BMW Conquest: +$750 Anticipated BMWCCA Rebate: +$1,000 NYS Waste Tire Fee: ($12.50) Application Process Fee: ($75) NYS Inspection Fee: ($10) Estimated Registration Fee: $[275] BMW FS is in the process of checking my credit to determine the interest rate. I inquired about the 2.99% interest rate, and I was told that this offering is available in certain states and, of course, subject to the buyer's creditworthiness. My FICO is quite strong, and I will see what I can do to obtain the 2.99% rate. Like many of you, I will try to pay the debt off after the first few payments. By the way, how did some of you get 2.99%? I traded in my 2014 Lexus IS350 AWD with 24,400 miles on it. Edmund, kbb, and a few others indicated an estimated trade-in value of about $21,000-$21,500. Dealer initially offered $20,000, which I was quite satisfied. I nevertheless asked for $21,XXX and settled at $20,500. I'm pretty sure the dealer could easily find a new buyer of my Lexus. She has the HP, low mileage, well kept, sport package, black exterior, no mechanical issues, properly maintained, fully wrapped front, etc. My decision to accept the trade-in offer was based on the following: --I bought the car in August 2013, so it's almost a 6-year old car (as of June 22, 2019). I'm very certain that Lexus will release a new body of the IS next year in 2020 as a 2021 model. If I had waited, the trade-in value at that time would probably have gotten worse because my Lexus will be a 7-year old car and a brand new body of IS will be out by then. --I paid $47,000 for my Lexus back then and that's before tax, fees, etc. In other words, the $47k was the negotiated price. For a trade in value of $20,500, that's about 44% which I think is acceptable. --The time spent going back and forth and talking with another dealer in the NYC area is just not worth it. --Lastly, my wife and I are expecting a baby, so the Lexus IS350 really has to go. I had the option to wait for a month and order 2020MY instead, but my wife and I really did not like the other upholstery colors. We both like Tartufo a lot, which will not be available in 2020MY based on the information that's out there now. With regards to the potential quality issues or hiccups in 2019MY, I will take the chance. I've had the Lexus for some time, and their infotainment system is just bad. This will be my first BMW and going to iDrive is already a step up for me, so I think I can deal with the annoyance from the software bugs/issues. Hope the information helps. Last edited by doctorttt; 06-22-2019 at 05:50 PM.. |
06-22-2019, 05:21 PM | #97 | |
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I can go into Manheim and get an MMR report for you if you list the make,model, miles and condition - The MMR is composite of ALL similar units sale prices going through the Manheim Auction system. |
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06-22-2019, 07:31 PM | #98 | |
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06-23-2019, 06:32 PM | #99 |
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Thanks a lot. Yes, I went to a dealer in Brooklyn, NYC. I also spoke with BMW Bayside in Queens so that the two dealers would compete with each other for the sale. BMW FS at my dealer is offering 3.99% right now. It's likely that July's offering will be the same. The Fed already announced no interest rate hike for the second half of 2019. Assuming the borrower has decent credit quality, I don't see the possibility of BMW FS offering a rate above 3.99% to a customer. Bank of America is offering 3.49%, and I will try to get pre-approval to negotiate with BMW FS. Freddie Mac's data shows a 30-year fixed rate mortgage at about 3.84% right now and 15 years at 3.48%. An auto loan has a shorter tenor (i.e. up to 5 years), but of course you can't compare the long-term asset value of an automobile vs a piece of real estate. Well, it's BMW FS, so I'm not surprised that they will try whatever to maximize their profits.
Last edited by doctorttt; 06-23-2019 at 06:48 PM.. |
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06-24-2019, 02:42 PM | #100 |
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Can some one help me figure out how much percentage I got off?
My car had a MSRP of $68,995 including the $995 destination fee The discount was $6,895 plus $2000 for bmw financing and $1250 loyalty discount (traded in a 2011 X3) Plus they took an extra $500 off as we had agreed on a trade in of $7000 on the X3 but then upper management said only $6,500 so my salesman took the extra $500 off the car to stick to the original offer So the total discount from the msrp of 68,995 is $10,645 Does that mean the total discount off MSRP is about 15.4%?
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06-24-2019, 02:50 PM | #101 |
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I am in the process of ordering and have a question -- I have included the M Sport Design ($5,850) in my order; the web site states that the package includes multi contour seats. However, the order form my dealer has sent me itemizes Multi Contour seats as a $750 option. I pointed the discrepancy out to my sales person and he stated that is how the system writes it up. Huh? If it is included in the $5,850 package, it should not appear separately as another $750 charge. Can someone enlighten me?
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06-24-2019, 02:58 PM | #102 | |
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06-24-2019, 03:09 PM | #103 | |
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06-24-2019, 04:10 PM | #104 |
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Thanks TurtleBoy -- I thought there had to be an error somewhere. I am ordering a 40i. Interesting that the description of what is in the package is incorrect considering that the first thing you do on the BMW build page is select the model number. The other thing that does not add up is that after you select the M Sport Design on the BMW build page, there is no option to select Multi Contour Seats (does not appear as a stand alone option). Moreover, my dealer states that I cannot de-select them if I am getting the M Sport Design. I will chalk it up to poor web design and move on! Thanks again.
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06-28-2019, 02:42 PM | #105 | |
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Next, we had to redo the paperwork because of the $600 adjustment. He asked me to review the build of a new print out to confirm, and I discovered a discrepancy between the MSRPs: $79,545 vs. $80,395. The CA blamed on the "system" and tried to tell me some creative stories to brush me off. After a long discussion going back and forth, as I was going to cancel the order, he agreed to apply the 10% discount on the $79,545 MSRP, with the condition that I accept 3.99% from BMW FS and I will receive the $2,000 rebate plus $750 conquest. I accepted the deal and plan to pay down at least 50% of the loan after financial close. BMW FS could not adjust the rate to 3.44% that Bank of America had offered. I'm really not sure why the MSRP numbers could be different over time. If the pricing could change, I believe there is a possibility that the order guide for 2020MY could eventually change at some point, meaning Tartufo could be available. Anyway, the conclusion is know your numbers. Build: Same as above with 741 rims Revised MSRP: $79,545 Final negotiated price: $71,439 Discount Pre-Incentives: $8,106 (or 10.19%) FS Rebate + Conquest: $2,750 Expected BMWCCA Rebate: $1,000 My 2019MY will be the last batch of production before BMW switching to 2020MY. Mine is expected to be built in mid-July and tentative delivery is early August. Hope this helps again. Last edited by doctorttt; 06-28-2019 at 02:54 PM.. |
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07-13-2019, 06:19 PM | #106 |
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Any Canadians with an update on 2019 expected discounts? Looking to get my wife a pretty much base X5 40i and she’s not fussy on exterior or interior colors.
I’m in Atlantic Canada, but would ship from further west for the right deal. |
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07-13-2019, 07:27 PM | #107 |
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Atlantic Canada is tough because there's only two dealers around - Halifax and Moncton. They know it, and they are not bending much down. From following this forum Canadian discounts on average have been 4-6 % for somewhere like Ontario, might even try to get better deal on the existing car from the dealer lot because it's end of production for 2019 and they may be more willing to clear them. Plus it's reduced finance 1.99% / leasing 3.99% rates for July promotions from BMW Canada. US is like 10-14% off at the moment. I'd be careful though with the remote deliveries, 2019 X5s is a first model year and you never know what you will be getting, there were some horror stories here on the forum (read post from AndroidRobot for example) with some defects at delivery like bad leather spots plus 10 more items (rattles, cameras alignement etc.) then later BMW US declined warranty repairs. If it's just couple grand or less $$ difference I'd not venture much out of your living area so that you can work with the dealer who sold you the car.
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07-13-2019, 07:57 PM | #108 | |
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08-27-2019, 01:14 PM | #109 |
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What type of discount should I expect on a 2019 4.0i in the SF Bay Area? I see that some are getting 12-15% off before rebates. Is that doable in the my region?
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08-30-2019, 01:01 PM | #110 |
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2019 X5 : Good or Bad Deal?
First post here, so please let me know if I am breaking any rules
Model: 2019 BMW X5 State: Washington State Attached is the dealer quote + the SUV configuration. I think based on what I have seen here, the discount is really low before taking into consideration the rebate. Can you guys let me know if I am getting into a bad deal or no? |
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