Need Advice-Close to Pulling Trigger on a 2006 X5
 

Please share your thoughts on the following, I'm very close to putting together a deal here....

2006 Black/Black X5 15k miles
Cold Weather Package
NAV
Six Disk Changer
$32,995 + 7% NJ Tax (1st 2 payments made by BMUSA), 2.9% financing over 5 years...4 yr. 100k miles warranty......

Is this a good deal? If this is their final number are there any extras I can ask for? Longer warranty, etc.?? Thank you!!!

I'd get it under 30K (you don't list the motor, I'll assume it is the 4.4 and not the 3.0..figure the dealer paid in the mid-20's to get the car if it wasn't off a lease.), the 100K CPO is the longest warranty offered by BMWUSA.

Re: Clarification
 

It is a 3.0 and it is off lease...it is from a corporate-run location (i'd rather not disclose, but you can probably guess)..i'd also note that cars.com has an average listing price on cars with these specs (cpo and non-cpo) at around 35k.....the 4.4s from 2006 are listed closer to 40k with lower miles .........am i doing my homework wrong or do i have a lot more wiggle room than i thought??

SUV's are not moving now. You'd be crazy to take the price the offer without at least making it hard on them. Especially since it is a 3.0 which has the exact same fuel economy as a 4.4 with a lot less power.

Fair enough..so
 

What is the aggressive line I need to use, to show them that I will buy today, but won't budge past a certain price? They are already at an advantage because they know I love the car, but doesn't everyone love these?

Bluffing
 

As the "Buyer" you are always at Advantage NOT the seller ..... therefore play hard to get.... you should not call them or visit the dealer until they reach you first.... i assume they have your contact info... its a matter of bluffing.... just stick it out... when i bought my 05 X5 I called 3 dealers over the phone showed i was interested in a X5 and waited..... after 1 & 2 wks the calls started to come in.... and I actually bought the X5 @ the price I wanted to pay..... simple... just wait.... they need to move the cars faster then you need to buy remember that.....


:popcorn:

Go 4.4 at least or else you will always be wishing you had more power. SAME FUEL ECON as 3.0!

Sounds like a complete rip-off for a 3.0. I would tell them $28K, and let them haggle you up to $29,000. Don't go a penny over $29,000. They'll still make a healthy profit. Also, tell them to give you 0.9% financing, like they're doing now on the E70 X5s.

They may tell you the $32,995 is their final number, but it's all posturing. In the current gas price climate, SUVs are selling very slow and they are desperate to unload them.

The only good part of their deal is the warranty. Four years, 100K miles is pretty good.

Helpful...also
 

While I think the warranty is good and the best that they offer on CPO, this car is not an every day driver (5-7k/yr) and I'm buying it because I don't plan on flipping into a newer model in 4 years. That said, I am most concerned about years 5-7 of ownership; but there is nothing I can do about warranties until I reach that point, right?

You may be able to renew with an independent warranty company at that point, like Warranty Direct. They won't do anything for you right now, you'll have to wait until the BMW coverage is almost over.

Yes, homework is very wrong!!!

I just saw an 06 4.4i with every option except RB & Tow. 22k miles for $32 in Oregon. Many other 4.4i's going OTD for mid-upper $20k, but with 20-40k miles. If you are desperate you will be beamed aboard the stealership and taken away to "ripped by the stealership planet"

It is exciting to get a new car, but don't let it control you. You are in full control.

I bought an 04 4.4i with 17.5k miles in March for $28k. Now I'm thinking I should have waited and got an 05 or 06. 04 has no BT. Oh well! I still love the car and it was the color I wanted.

The price you have would be good for a 4.4i. You should really look into 4.4i, so much more power. :zoom:
Good luck!

so much power.... but so much more problems with Tranny .... 3.0 tranny is more reliable then the 4.4... its a known fact.... the ZF for 3.0 is a better unit then the 4.4.....:p:

True. I'll trade the power and punch for tranny risks. That's what warranties are for. To each his own...

P.S. nice avatar!

Having just been to my dealer for a service and meandering their lot while I waited, I would say $32,000+ is high. I saw '04 and '05 X5's with the same warranty etc for under 30. And get the 4.4.

Thank you all but
 

the dealers definitely aren't budging...or I haven't given it enough time. nobody is calling me back too quickly even though I've expressed interest as a buyer...they may be playing the game also...b/c , in my opinion, eventually someone will come in and buy the x5 at or close to their listing prices. these dealerships are happy selling to the impulse buyers....it makes sense....wealthy people are still wealthy...and they care less about gas mileage than the masses. To be honest, this is would be my first BMW, and i care very little about fuel economy, since this won't be my main car. But I am here because there seems to value in this particular SUV relative to the other ones out there...plus it looks a hell of a lot better...There are very few people on these boards that are saying they got an incredible deal or even a great deal for that matter. Someone mentioned a good deal in Oregon......that is in Oregon!!! I live in central New Jersey and work in Manhattan; I think the numbers that I presented were "deals" relative to the area I live in.

I have just got a 2003 3.0i full optional (without nav and bluethoot) with 85000 miles for 14900 plus taxes , is it a good price?

I live in upstate NY, so the market may have been more competitive for the dealer to sell lower. If you live in Jersey and work in Manhatten then you know you'll be paying a premium. That being said, maybe the one you're looking at is typical of the market - it sounds like a very nice car - low mileage and all.
Sometimes you have to say screw it and get what you want without the opinion of others. I figure as long as I leave the dealers lot with a big grin on my face I got a good deal. But look for a 4.4.

Few things...

They will budge. Give it a few days.

There are tons of X5s out there for sale exactly like the one you want. Be patient...you'll find it.


The members on here make up less than 1% of the total number of X5s out there. So just because people aren't on here talking about great deals, doesn't mean they aren't getting them.

Wait! They will come to you or you will find and equivalent at your price. I bought a loaded, low mileage 04 3.0 back in January for $24K, dealer had it listed at $32K. He said he could not take my initial offer of $24K because it was "below" his cost. After 30 days sitting on the lot, he was begging me to come get it.

So it would probably help immensely if....
 

I stayed away from Princeton and Manhattan dealerships? I really don't see them budging too too much. One of them didn't even remember me when I called to follow up..bearing in mind that I came in with my wife and she fell in love with the car......I guess the economy was not affecting his business!

Dude, if you pay a cent over $29K for this 3.0, you are letting the dealer rip you a new A$$hole. As you can see from the other posters, there are folks picking up low mileage 4.4s for that price.

I do not agree that the average used CPO X5 buyer is "wealthy". At least not to the point where they're completely unaffected by gas prices. The truly wealthy impulse buyers who could care less about mileage are buying Ferraris, Porsches, and new M3s. Not used E53 3.0s. Therefore the stealers will either adjust their E53 prices to realistic market levels for an SUV-averse economy, or lose a whole lot of moolah.

:iagree:


:iagree:

:Originally Posted by StanF18
Dude, if you pay a cent over $29K for this 3.0, you are letting the dealer rip you a new A$$hole.
I am here to discuss and appreciate positive feedback; I have rarely made an imprudent financial decision in my short 32 years and I'm not about to start now...but that is why I'm here and noting what I've observed in my month of stealer interactions.


Quote:
Originally Posted by StanF18
I do not agree that the average used CPO X5 buyer is "wealthy". At least not to the point where they're completely unaffected by gas prices. The truly wealthy impulse buyers who could care less about mileage are buying Ferraris, Porsches, and new M3s. Not used E53 3.0s. Therefore the stealers will either adjust their E53 prices to realistic market levels for an SUV-averse economy, or lose a whole lot of moolah.

I never claimed that the average CPO buyer is wealthy. I did imply that the wealthy May be more likely to walk in and haggle less, especially in Manhattan, where some people buy an X5 (3.0 or 4.4) just to go back and forth from the Hamptons for a couple of summers---these people obviously won't lose sleep over $3-5K if they are getting a car that meets their specs. That's why I think there is little wiggle room in Manhattan despite the fact there may be an advantage with dealing with a corporate-run dealership. I have about 2 months before I actually Need the car, which in theory should be to my advantage, but so far the experience has been souring.

Call up Difeo BMW in Tenafly and Prestige BMW they will give you a much better deal especially Difeo.....

Try eBay
 

i bought mine from eBay for 28K!!! and 49K miles
and now adays there are many with less milage!!!!!! same price go and check...

check these out!!
 

2006/4.4i
http://cgi.ebay.com/ebaymotors/Cars-...=p4506.c0.m245
2006/3.0
http://cgi.ebay.com/ebaymotors/Cars-...=p4506.c0.m245
and both sellers are trusted...

I've looked at Ebay, Cars.com etc.
 

If there is a car that is listed at $28000 with 25,0000 miles it is usually Olivine Green, Leatherette, or missing some desirable features. I invite anyone to find me a deal with a clean Carfax CPO 4.4 in Silver, Black, or Gray, 2005 or 2006, 20K miles or less, Cold Weather package, Park Sensors (NAV preferred but not necessary) in the $28K range. We can even negotiate a finder's fee. I would preferably like it to be within 100 miles of zip code 08540.

dud just put these options on ebay and am sure u gonna find it....but make sure the sellers rank is high....
i bought one over seas depending on the sellers rank only:cool:

IF you have the $ and don't want to spend the extra time SHOPPING for a deal... go for it. It took me about a month to find my car. You asked if it's a good deal and most answers are... NO! I assume NJ/NY? has a lot of dealerships and cars, so your inventory should be good.

You can go to ebay... put in all the parameters you want and then save it for 60 days. Check it once a day and see if what you want comes up.

Here are some I quikly pulled out...

http://cgi.ebay.com/ebaymotors/Cars-...=p4506.c0.m245

http://cgi.ebay.com/ebaymotors/Cars-...=p4506.c0.m245

http://cgi.ebay.com/ebaymotors/Cars-...=p4506.c0.m245

None of those are CPO
 

I've already looked at Ebay....they are a few thousand cheaper than CPO, that's where the difference lies. At the same time, people here will say don't buy a used one that's not CPO. Not only that, all of those were almost 30K miles. I understand that it may take some time, but I would love to see someone truthfully come on here and say the got a 4.4 with 20k (or less) miles CPO'd at under $30K. I know it will take some time.

That's a reasonable price for an '06. The '05 models are in the upper $20k's.

BUT, this is a buyers market for SUV/SAV's right now so you should make a serious offer for $29k and then walk away... they will probably call you back sooner than later.

Tell them you will not spend more than $30k for the car (and stay firm) and call you when they are ready to sell it to you. Then keep looking. BTW, what is your time frame?

Time Frame is
 

by January, before the baby arrives....my wife said she's not having her child drive around in our 1996 Camry (commuter lot car that will last forever)!! I couldn't argue with her on that one, plus I love the X5. So can I send a blast email to all the tri-state area dealers, stating my specs and that I don't need the car tomorrow etc. etc....or is that too impersonal?

That is what you should do. Email all the 3state dealers with exactly what you want. Do not offer them a price. Tell them you have a 4 month time frame, but are ready to pull the trigger if the price is right. Within the next four months, I guarantee you one of the dealers will have exactly what you want, and will be desperate enough to want to get rid of it. The 06 x5 I told you about in Oregon was on the lot for 3 months, went from 35499 down to 31999 b4 he sold it.

Since u have time, look into reading up on "car buying tips" I'll try to look some up later.

Dude... when is the last time you bought a vehicle ???? 1996 ? :tapping:C'mon this is all basic 101... If you don't know how to play the game, then you might as just go and buy it @ the price the dealers want to sell it to you..... its so simple, .... keep remebering that you are the boss, you ultimately pay for the sales person's salary....enough said...............

dude
 

I lived in NYC for 8 years and rarely kept the Camry in the city because garage space cost was worth more than the car. It has 80K on it. Probably the smartest $6K I ever spent. The funny thing is this car will survive far longer than my wife would like it to. If I left it unlocked in the Princeton parking lot with the keys in the ignition, it would still be there at the end of the day. This is why I am doing my homework about spending $30-35,000 on an X5. Because I know that I am spending money on something that will probably not be as reliable after year 4 or 5 (so I need good warranty baked in). Plus I just bought a house in Princeton after doing plenty of research, despite the good value, the tax alone is $9K a year and I commute to New York City---so I need to be prudent with my hard earned money...which brings me here. I understand the concept of being firm on price and will let you know how it works out. Just thought all of the BMW gurus had some magical negotiation formula with these cars other than good old fashioned steadfastness.....

May be I can share my recent experiences in getting a used X5.

(I won't better mentioning the exact $s as the car market here is totally different)

- I started the search with only the X5 3.0 in mind... because I'd thought the price for 4.4 and 4.6 would be way off the scale for me, and fuel economy would be pretty bad with the all-time-high oil prices... etc. So, I have evaluated a couple 3.0

- then one day I saw one X5 4.4 with similar years / millage, and the price was only slightly more (about 10%) then the 3.0. So I started talking to the dealer seriously

- then again, I saw 2-3 X5 4.6iS with similar years / millage, and the price was also about 10% more than the 4.4, from different dealers. So I started talking to them more seriously as well.

At the end, I ended up getting the one which I would never have thought of getting - the X5 4.6iS. Because:
- yes, it's about 20% more than my original budget, but it has way more options fitted: 16:9 screen, DSP Audio, sports package, body kits, sports seats and steering, 20" Rims.. etc.
- the 4.6iS has a significnally more horses and put it at a completely different class. I won't feel bad at all if I stopped at the traffic lights next to the new or old X5 or even the Cayennes (except the Turbo, of course) :p:
- Dealers were ALWAYS the one calling me first, which lead me to believe E53 (or most large SUVs) are NOT at high demand;
- but of all 3 engines, the 3.0 are still selling faster than the bigger brothers.

So do your maths and look at the options again. For my case, I know for sure I'll be 200% happier in the X5 4.6iS by paying only 20% more.

Just my 2 cents and good luck :cool:

It's not basic 101. Some people have a lot more experience than others. My family (all 80 incl uncles/cuz) would never go car shopping w/o me. I use to love walking away from the dealership and having them chase after me. I could tell how much we could get off the asking prices. Now it's even better with the internet. Anyway, I got raped on my first car and vowed never to have it happen again. Let's just educate him and help him to get the car he'll love at a price he'll be content with.

Thanks..and in the meantime
 

I can wake up every morning..wondering when I'll get that call from the dealer...and be that much closer to ownership....

Here's a start...

http://www.carbuyingtips.com/carintro.html

Did you try Openroad BMW on route 1. I got a decent deal from them but i could have done better.... but i was ignorant and did not know of x5world then. Since you are more informed you have a better chance of getting a steal

Good luck... and the key is be patient.... and dont be implusive when making a decision. This was my first X5 after driving camry for 5 years and my suggestion is test drive a few X5's (both new and preowned) before finalizing a deal so you get the feeling of German cars and not be impulsive when making the deal.

Regards,

Actually haven't tried them yet, thanks. Their online inventory seems to have higher mileage cars. I'm looking for something under 25K miles. I have no concrete proof at this point that there is much wiggle room for a low mileage X5, other than people telling me to hold my ground and wait for a bargain (which I have time to do). These places are all high traffic, just like Manhattan----where they are selling them as CPOs before the lease returns come in the door.

Yeah.... i think its because of the low APR offers on CPO. Lately i am seeing a lot of Beamers on NJ roads..... When i bought the car the sales person made me feel like "you are buying a BMW so dont penny pinch". I think this is their common tactic.... trying to make us feel like we are buying a premium car and being cheap at the same time.... dont fall for it.
Also the great deals that people are talking about here are mostly from websites or out of state cars. If you want to walk out of a CPO dealership with a decent car you might have to pay slighly higher than cars listed on ebay. This is my thought... may be i am wrong. I also remember reading here that someone got a good deal from morristown bmw.

Princeton, Denville, Open Road, had some of the highest prices for CPO X5's .... when we bought our X5 with under 19K we got the lowest prices from Difeo (tenafly) , Life BMW(Bkyln).... check it out.... its also a lot easier to make a deal over the phone then in person... because once you hang up they know you will likely go to another dealer... where if you went to the dealer you are now in their home turff... advantage the Dealer.... try it... I have purchased my last 7 veh. this way and I have always gotten the price I was willing to pay...

:iagree:

Or you can just email them (all of them), and then work with the ones that have the inventory you want. This way you still have the advantage. Don't get into the "stealership" turf b/c they are very good at wearing you down and then they go for the kill (and you're the meat!)

With 4 months, you've got lots of time. You should get more replys at the end of the month, and at the end of the quarter (end of Sep & Dec). They are trying to meet sales goals.

Seems like a lot of time and effort to be putting in to buying a car....but to each his own.

Some good advice already given here. Also, don't be afraid to buy out of state if the price/option is not available in your 'hood. Good luck :thumbup:

Just got a message from the Stealership
 

I was away from my desk and got a message from the Salesman and his boss---they wanted to discuss some numbers. I have not spoken with this dealer in a week....should be interesting. Time to get that low mileage 4.4 under 30K (I won't hold my breath)!!

Good Luck!.... Go get em.... Let us know how it goes.

Just got a call from another dealership (first convo).....
 

'06, 3.0---Black on Black 14K miles, Navi, Premium Package, Cold Weather Package.....I won't say numbers just yet....but what would you pay for this car, if you did not have your own X5??

Slightly under 30K would be an amazing deal.... there is no harm in trying.

Check when the car was actually manufactured? Warranty starts the day the car was completed assembly at the factory..... depending on that you could still have 1.5 to 2 years of original warranty + 2 years of cpo.....

Again this is according to me .... please wait for answers from experts out here....

I wouldn't because it is a 3.0 - lots more power in a 4.4 and more or less the same gas 'economy'. The price differential between the two models is probably at an all time low so no reason to get a 3.0.......unless you are going to say that you "don't really need the extra power" ;) ...nobody does but it's fun

I take a lot of time/research in looking for a car and comparing prices. I don't go for the lowest price, but won't get ripped off. I really don't know $ for 3.0 b/c it never interested me; and b/c it doesn't interest me, I would guess w/CPO and sport for $25k. Nothing against 3.0, it's just not enough power for the same +/- 1mpg. I would never buy one. Next time you talk to any of them... say "I am working with other BMW dealerships in the tri-state area, but what do you have to offer me"... then say I will look at and compare the numbers and get back to you. Trust me, there is a lot of inventory out there and they will sh''t there pants and probably go down even more so they don't lose your business. Give them a taste of their own medicine!!!

Good luck!

I didn't have a great experience with the service dept at Open Road BMW for what it's worth Morristown was 1000 times better which is weird bc their owned by the same company.

Those ebay links seem like great deals...plus if it is covered under BMW factory warranty you can pay the 3k premium that the dealer charges you for a CPO and buy an extended warranty through BMW that is identical to the CPO warranty...def something to consider.

gp for the 4.4, got mine with 14k miles for $40k. only 11 months old. local stealer sells inventory evry year. i tried the 3.0 with sp pkg but it just don't have the oomph.

checked out checkeredflag.com if you vacation down virginia beach

I just went through a month of the same and finally buying a 2006 with 26,000 miles. $32,000 is a great pice for 15,000 miles and NAV. I wanted a certified car so I ended up buying it in West Chester New York because they offered the best price. I agree that most dealers won't drop much on these cars because they don't sit long. I paid $29,000. the closest best was in Jersey at $34,000 for 34,000 miles.The BMW Web site allows you to search all dealers. I kept looking until I found one that was ready to deal. Try Ralleye in New York they have a huge inverntory which helps getting a lower number. I took the 60 month financing at 5.4%.

I'm about to pull the trigger on a CPO 2006 X5 3.0 w/ 17K miles for $26,800. No NAV but everything else. Silver w/ black leather - clean carfax. Good deal?

Great price. Moonroof? Can't beat it I don't think. Certified right?

Yes panoramic roof and it is certified...I am just hoping they give me $16k for my Acura TL trade. I will find out tomorrow I have an appointment at noon. I won't haggle them down if they give me decent trade-in...otherwise it will get interesting. Any tips?