Good time to buy 07 4.8?

[tom2517]

I am looking to buy X5 4.8 and I understand the 08's are starting to come into the dealerships. The local dealership have several 07 4.8s and I like one of the them, which is completely loaded. List around 78,800.

Right off the bat the sales offered 2700 off. What do you guys think? I never bought X5 before and I don't know how many % off is a good deal.... Thanks for any help.

[brian5]

Originally Posted by tom2517

I am looking to buy X5 4.8 and I understand the 08's are starting to come into the dealerships. The local dealership have several 07 4.8s and I like one of the them, which is completely loaded. List around 78,800.

Right off the bat the sales offered 2700 off. What do you guys think? I never bought X5 before and I don't know how many % off is a good deal.... Thanks for any help.

$2,000 off a 2008 is easy. So $2,700 off a 2007 model doesn't sound good to me.

[proveg]

Identicaly equipped 08 lists $900 cheaper since sunroof is now included free and premium package now is lowered by $900
Negotiate harder for 07, you should be able to get really close to invoice.
If not, I dont see any difficulty getting 08 for 2200-2500 off MSRP

Originally Posted by tom2517

I am looking to buy X5 4.8 and I understand the 08's are starting to come into the dealerships. The local dealership have several 07 4.8s and I like one of the them, which is completely loaded. List around 78,800.

Right off the bat the sales offered 2700 off. What do you guys think? I never bought X5 before and I don't know how many % off is a good deal.... Thanks for any help.

[drod]

if you're buying go w/the 08!!

prices are too close to consider an 07...

08s will also have the latest firmware fixes and maybe some other enhancements to address some if not most of the 07 issues..

if it's used you're looking for, with low mileage, than maybe you'll get a very good deal... but if new, go with the 08!

my only concern is there are alot of "used" 07s around... my local dealer did a search for me (we talked about getting me an 07 at first) and tons of them showed up on his computer (a network of other local dealers)

I wonder if these were returns because of the known issues...

wouldn't take the chance!

just my 2cents!

[SpeedR]

As the other posters recommended, get the '08 for at least $2,000 off MSRP and it's approx. $900 less than '07, so that's $2.9K off '07 price.

If you want an '07, you should be able to get one close to dealer invoice which can be as much as $6,000 under MSRP. Just check edmunds.com Dealers have many '07s still on lots and they're not moving.

Unless you need the deep discounted '07, I recommend the '08 due to the many well know problems with '07.

Good luck and happy hunting.

[gunder]

Originally Posted by SpeedR

... Unless you need the deep discounted '07, I recommend the '08 due to the many well know problems with '07.

Good luck and happy hunting.

May I ask what problems are the 07's having?

[drod]

just a lot of "first year production" type issues.. it's expected to a certain extent.

this vehicle is heavy on the technology side... many software bugs in the idrive, NAV, backup camera, ipod interface, etc... not saying all vehicles have these problems but many owners reported having them... and it's been discussed on many other forums including this one.

these issues have been addressed at the dealers usually by way of a firmware/software update.

some mechanical issues with the park brake and I believe one official recall for a windshield washer resevoir leak...(or something like that)

great vehicle though... we love them and are looking forward to the 08s!!

[tom2517]

Originally Posted by proveg

Identicaly equipped 08 lists $900 cheaper since sunroof is now included free and premium package now is lowered by $900
Negotiate harder for 07, you should be able to get really close to invoice.
If not, I dont see any difficulty getting 08 for 2200-2500 off MSRP

Interesting point you raised there, so in effect I am not getting much off at all.
So even if I get 5000 off, it is a 07 model and I will lose one year right away in resale value.
It seems like I would be better off buying 08 then...

[zee28]

Unless you are someone that just HAS to be the one that puts the first few miles on your car, you may want to consider looking for a used 07. I found my 07 4.8 at a MB dealership. Someone had traded it in on a GL because of the issue with the rear entertainment (ie DVD doesn't pause and restart at current location after ignition turned off, too hard for the little ones to operate, etc). I don't have children and couldn't care less about how the rear DVD works, it will probably never be turned on. Same with the 3rd row seat - it will probably never see the light of day. The car had 3k miles, every available option except for Head Up, and I only paid 64k. I have put over 3500 miles on it so far, have had not one issue - so far I absolutey LOVE this car and the fact that I saved the big bucks just by letting someone else put the first few miles on it just makes it that much better!

[bergs]

Just ordered a '08 and got $5000 under MSRP so your offer isn't a good deal. That's on top of the $900 difference with the sunroof now being standard!