Quote:
Originally Posted by Mrpitbull
I've been a Lexus guy for about ten years. My wife died for a 750Li and I got her one a couple years ago. We love it. I had a 07 Range Rover supercharged but I put quite a bit of miles on it and maintenance became a huge burden. Right before I deployed to Afghanistan I went back to a Lexus SUV (2010 GX460)
Don't get me wrong it's nice and I like it but since I've been over here I've fell in love with the X5 50i with the M package. Absolutely awesome. The Lexus forum says I need to stay where I'm at with the GX because of reliabiltiy. Plus trade in is killing me. 2010 Lexus GX460 premium w/ 10k miles and rear entertainment now only work $48k-$50k and that's pushing it. After a year of ownership I owe $55k. Sucks!!! I wish I'd lease but being that I'm in the military I do travel quite a bit to let the kids see grandparents from time to time.
What are your thoughts guys?
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First off, if you haven't done so already, go get your GX appraised at CarMax. That will give you a good idea of what it's actually worth at trade-in. You should be able to get any BMW dealer to honor this price. Also be very careful not to mention the trade-in until you have worked your numbers on the new X5.
Second, have you thought about selling it privately. I bet you could get your payoff for it, selling that way. Try eBay, Craigslist and Autotrader. They are all great ways to sell, and you might be able to do a deal quickly. I would imagine a low mileage GX would be a desirable car to many. Just be ready to rent something (do a monthly rental on hotwire) while you wait for your new X5.
Make sure you understand all the rebates available for the X5. These can bring down your price significantly. Realistically, you should be able to buy any X5 for $500 over invoice BEFORE any rebates are applied. To get invoice price, go to
www.bmwconfig.com and build out your car.
The current rebates I know of are:
$1730 Nav Credit (35i and 35d)
$2500 Eco Credit (35d)
$1000 Mission to Drie Credit (All X5's)
$1000 Owner Loyalty (if you have/had a vehicle financed through BMWFS in the last 6 months).
Additionally, there is "Conquest Credit" available for people moving over from competing brands - like Mercedes, Audi, etc. I would imgine you would be eligible. You'll need to research this...
So, when you factor in all these rebates, in the case of the X5 35d, you can get about $10K+ off MSRP. This may be enough to justify taking a small hit on the GX.
If you have more questions, just let me know. BTW, I have the 35d and love it. It's worth driving if you have never tried one. It has the torque of the V8, but is a bit cheaper and slightly better on fuel economy. Maybe it's an option for you...
PS: Thank you for your service to this great nation...
