Home Forums Articles How To's FAQ Register
Go Back   Xoutpost.com > Off-topic > The Lounge
Arnott
User Name
Password
Member List Premier Membership Search Today's Posts Mark Forums Read

Xoutpost server transfer and maintenance is occurring....
Xoutpost is currently undergoing a planned server migration.... stay tuned for new developments.... sincerely, the management


Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 08-13-2011, 08:48 PM
E61Silver's Avatar
Member
 
Join Date: Sep 2005
Location: X5world
Posts: 6,175
E61Silver is an unknown quantity at this point
CPO

I think I am going to buy my car out the lease. The terms of the deal are :

1)$4,000 for CPO is that negotiable?
2) Dealer will waive last two remain lease payments ($750 each)
3) 36 month financing at 0.9%
4) Lease residual is $35,200 about full retail,deal says that is not negotiable?

The car is a 2008 535XIT with 36,000 miles.

What do you think?
__________________
Loving my BMW
Reply With Quote

Sponsored Links

  #2  
Old 08-14-2011, 10:28 PM
Meiac09's Avatar
Member
 
Join Date: Apr 2006
Location: Chicago
Posts: 4,227
Meiac09 is on a distinguished road
$4000 is bs. Its more like $2000 to $2500, so it sounds like they are fudging your last two payments into that.
Reply With Quote
  #3  
Old 08-15-2011, 11:18 AM
R8DX5's Avatar
....and the Winner is.....
 
Join Date: Mar 2005
Location: ....THAT ONE.
Posts: 1,380
R8DX5 is on a distinguished road
Everything is negotiable. Search for comparable vehicles out there and show them what your options are. They will match it or come close if they want your business. Obviously, the biggest difference when you compare is that you know this vehicle. Don't let that be a hindrance to you getting the best deal for your money.
__________________
2003 3.0i White/Black 5 speed Manual.
Options: PP, SP, DSP, NAV, XENON.
Mods: Aluminum Running Boards, 4.6 Body Kit, 20" Style 132 Wheels, Eisenmann Sport Exhaust with Oval tips, Aluminum pedals, Xenonmatch Fogs, M3 Steering Wheel.

Can I have a sip of that HATERADE you're chuggin?

Last edited by R8DX5; 08-15-2011 at 03:37 PM.
Reply With Quote
  #4  
Old 08-15-2011, 01:06 PM
Boston X5 4.4's Avatar
Member
 
Join Date: Aug 2005
Location: X5world
Posts: 1,506
Boston X5 4.4 is on a distinguished road
Quote:
Originally Posted by R8DX5 View Post
Everything is negotiable.
- doesn't matter what was in orig. docs. - I have negotiated down in the past. All depends on how close you are to TMV and how easy they think that they can shift the car from their lot.


+ side - you know the car and how it was treated.

$4K is ridiculous for CPO - quick walk around the car, kick the tires, and a wash in many places. If you really want a warranty and they don't budge in price you could skip and put the $ towards a reputable aftermarket like Warranty Direct.
Reply With Quote
  #5  
Old 08-15-2011, 03:02 PM
Thunder22's Avatar
Wait... what?
 
Join Date: Apr 2005
Location: NY/NJ/LI
Posts: 11,157
Thunder22 is on a distinguished road
BMWFS will NOT negotiate on residual buyout.
__________________
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.
Reply With Quote
  #6  
Old 08-21-2011, 12:27 PM
ard ard is offline
Member
 
Join Date: Mar 2006
Location: Sierra Foothills, California
Posts: 5,684
ard is on a distinguished road
Quote:
Originally Posted by Thunder22 View Post
BMWFS will NOT negotiate on residual buyout.
Not entirely true.

BMWFS will not negotiate with an OWNER, but they give MUCH lower prices to the dealer.

The dealers put tremendous pressure on BMW to prevent FS from talking to owners..by forcing owners to go to a dealer the dealer can capture this profit.

See:

No profit for dealer for end of lease purchase? Come on.... - Bimmerfest - BMW Forums
Reply With Quote
  #7  
Old 10-23-2011, 11:52 AM
E61Silver's Avatar
Member
 
Join Date: Sep 2005
Location: X5world
Posts: 6,175
E61Silver is an unknown quantity at this point
Well I purchased the car, here are the details:

1) Cpo cost is really $2,000+/-
2) Dealer can negotiate the residual price.
3) Got the car for the residual price but with cpo included at no additional cost.
4) With cpo got 0.9% financing for 4 years.

One additional question the dealer wants to sell extended maintenance for another $2,200, is that reasonable and a good idea?
__________________
Loving my BMW
Reply With Quote
  #8  
Old 10-23-2011, 06:24 PM
ard ard is offline
Member
 
Join Date: Mar 2006
Location: Sierra Foothills, California
Posts: 5,684
ard is on a distinguished road
Quote:
Originally Posted by E61Silver View Post
Well I purchased the car, here are the details:

1) Cpo cost is really $2,000+/-
2) Dealer can negotiate the residual price.
3) Got the car for the residual price but with cpo included at no additional cost.
4) With cpo got 0.9% financing for 4 years.

One additional question the dealer wants to sell extended maintenance for another $2,200, is that reasonable and a good idea?
There you go!

What are the current brake pad and rotors? And the history of brake maintenance?

$2200 is WAY too much for 3 oil changes, a brake and coolant flush. IMO, even if you get front brakes done it is still way to much.

Do you have an Indy you will use, or are you a "BMW only" guy? If you only use a bmw dealer, you are typically getting so screwed on prices that 2200 seems OK. I think you might be able to shop for the maintenance plans too 9ie do not need to buy it from a local dealer)

GL

A
Reply With Quote
  #9  
Old 10-24-2011, 04:28 AM
PersonaNonGrata's Avatar
Moderator
 
Join Date: Mar 2005
Location: SoCal
Posts: 7,749
PersonaNonGrata is on a distinguished road
I love it. They come out with $4000 for the CPO, which everyone knew was BS, and then come down to including it. The scary thing is that some people must get sucked in and pay the $4000.

Congrats!
__________________
Reply With Quote
  #10  
Old 10-24-2011, 08:04 AM
E61Silver's Avatar
Member
 
Join Date: Sep 2005
Location: X5world
Posts: 6,175
E61Silver is an unknown quantity at this point
Quote:
Originally Posted by PersonaNonGrata View Post
I love it. They come out with $4000 for the CPO, which everyone knew was BS, and then come down to including it. The scary thing is that some people must get sucked in and pay the $4000.

Congrats!
Yes it seems that even a BMW dealers that I have leased other cars from can be a blood sucker. A $3,250 beta (they were going to make a lease payment) from the first offer is a lot. It only because of this and other BMW forums that I was able to get a fair deal. My point for others is that the residual is negotiable; even thought my dealer had at first said that was not the case. You must negotiate it with the dealer BMW finance will not negotiate.

The engine was running a little rough and I had the reduced power light come on a few times (would go off with a restart). They reprogrammed again and changed a sensor. It seems to be running much better this time. This spring they did a reprogram and replace injectors and the engine seem to lose power. The twin turbo 6 has had fuel pump and other issues I hope this is the end of those problems and I would not be surprised to see more. Other than that the car has had very little problems.

I have to that I really like the car it offers more than enough power and gets good mpg (I have averaged 25 to 27mpg).

It is sad that BMW no longer imports wagons. The GT is joke which they should drop and bring back the wagon. I think that BMW would rather sell X3's in the USA.
__________________
Loving my BMW

Last edited by E61Silver; 10-24-2011 at 08:16 AM.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On





All times are GMT -4. The time now is 01:42 AM.
vBulletin, Copyright 2019, Jelsoft Enterprises Ltd. SEO by vBSEO 3.6.0
2017 Xoutpost.com. All rights reserved. Xoutpost.com is a private enthusiast site not associated with BMW AG.
The BMW name, marks, M stripe logo, and Roundel logo as well as X3, X5 and X6 designations used in the pages of this Web Site are the property of BMW AG.
This web site is not sponsored or affiliated in any way with BMW AG or any of its subsidiaries.