This has been available for a while, but most folks aren't aware of it.
BMW is offering a free Premium Package on the 2008 X5 3.0. That is a $2505 option that is on nearly every X5 3.0. With high gas prices, dealers have been unloading X5s for close to invoice without the $2505. So -- on a typical X5 you can get $5000 or more off MSRP.
Example:
2008 X5 3.0 with Premium Package, Cold Weather Package, and Rear Climate Package
MSRP $51,675 Invoice $47,565
At 1K over invoice price would be $48,565 - $2,505 = $46,060 or over $5600 off MSRP plus 0.9%.
The 2008 X5 4.8 has a $1200 discount available, not as good as the 3.0.
This CAN be combined with the 0.9%/5 years financing from BMW, good through 9/2/2008.
wp746911 said: gotta love the human psyche- you would think higher gas prices wouldn't hurt sales on a 50,000 luxury suv... If you have 50k to drop on a luxury car, then gas prices are not on your worry list.
tkutay
Member
posted: Aug. 21, 2008 @ 7:53p
Actually if you check the local used market, you may find pretty clean ones for more than $10K below the KBB value. I almost got a 2006 x5 3.0 with ~20K miles for $27K (KBB around $37K). You can find all sorts of deals on SUVs nowadays.
bozo007 said: wp746911 said: gotta love the human psyche- you would think higher gas prices wouldn't hurt sales on a 50,000 luxury suv... If you have 50k to drop on a luxury car, then gas prices are not on your worry list.
c'mon, that assumption is so not true. gas prices affects everyone no matter what your salary.
besides more people now buy cars at the 40-50k price tag, even if they barely can afford it, especially in a car culture state like California, where 5ok beamers are not that big of a deal. Believe i or not, rich people can be some of the cheapest stingiest people there is. They didn't become "rich" by being careless with money.
al799 said: Can I still wait and buy extended warranty when 4yr/50,000 miles warranty expired? Thanks!
You want to do it a couple months or a couple thousand miles BEFORE the warranty expires, or the price goes WAY up. You can usually get a better deal at an Auto Leasing place too.
Pakman0209
Senior Member
posted: Aug. 22, 2008 @ 12:06a
tkutay said: Actually if you check the local used market, you may find pretty clean ones for more than $10K below the KBB value. I almost got a 2006 x5 3.0 with ~20K miles for $27K (KBB around $37K). You can find all sorts of deals on SUVs nowadays.
how do you almost get a deal...not poking fun...i'm actually wondering
gator06
New Member
posted: Aug. 22, 2008 @ 1:11a
superflysocal said: bozo007 said: wp746911 said: gotta love the human psyche- you would think higher gas prices wouldn't hurt sales on a 50,000 luxury suv... If you have 50k to drop on a luxury car, then gas prices are not on your worry list.
c'mon, that assumption is so not true. gas prices affects everyone no matter what your salary.
besides more people now buy cars at the 40-50k price tag, even if they barely can afford it, especially in a car culture state like California, where 5ok beamers are not that big of a deal. Believe i or not, rich people can be some of the cheapest stingiest people there is. They didn't become "rich" by being careless with money.
"Rich People" on a salary might not be affected so much but most the people that I know that would drive $50,000 cars are small business owners who are impacted by the economy. (Think "Last year I made 150k and this year I'm making -50k") These people also don't usually have to buy a new vehicle because the old one broke down or something, they just stick with their 2006 instead of trading up to a 2008 like they normally would.
tkutay
Member
posted: Aug. 22, 2008 @ 3:28a
Pakman0209 said: tkutay said: Actually if you check the local used market, you may find pretty clean ones for more than $10K below the KBB value. I almost got a 2006 x5 3.0 with ~20K miles for $27K (KBB around $37K). You can find all sorts of deals on SUVs nowadays.
how do you almost get a deal...not poking fun...i'm actually wondering Oh, the deal was actually there at a dealer. I just decided not to get it. There are a ton of lease return high end cars/SUVs on the market. Very well taken care of, still under full factory warranty, maintenance also included in case of BMW.
chimmichanga08
New Member
posted: Aug. 22, 2008 @ 1:53p
Ordered 10and ebayed all of them. jk I have an 08 M3 Coupe and it has 4yr warranty/service free of charge plus extended 6yr/60000miles OUT THE DOOR $78000
superflysocal said: bozo007 said: wp746911 said: gotta love the human psyche- you would think higher gas prices wouldn't hurt sales on a 50,000 luxury suv... If you have 50k to drop on a luxury car, then gas prices are not on your worry list.
c'mon, that assumption is so not true. gas prices affects everyone no matter what your salary.
besides more people now buy cars at the 40-50k price tag, even if they barely can afford it, especially in a car culture state like California, where 5ok beamers are not that big of a deal. Believe i or not, rich people can be some of the cheapest stingiest people there is. They didn't become "rich" by being careless with money.
I completely agree there. I don't even pay for gas (my company does) and I hate paying near $4 for it a gallon That's more than a gallon of milk cost!
I have a 2004 X3 and Maintenance warranty is going to expire...it has 38K miles....BMW dealer is offering it for $1395. Can I get it cheaper somewhere else. I am not the original owner so cannot get Original owner protection.
nickmetha said: I have a 2004 X3 and Maintenance warranty is going to expire...it has 38K miles....BMW dealer is offering it for $1395. Can I get it cheaper somewhere else. I am not the original owner so cannot get Original owner protection.
same here, I have a 2005 x5 3.0 and I am original owner. Is the extended warranty worth? What does it cover? How much is the regular oil change?
Wolverine88 said: nickmetha said: I have a 2004 X3 and Maintenance warranty is going to expire...it has 38K miles....BMW dealer is offering it for $1395. Can I get it cheaper somewhere else. I am not the original owner so cannot get Original owner protection.
same here, I have a 2005 x5 3.0 and I am original owner. Is the extended warranty worth? What does it cover? How much is the regular oil change?
I can't think of any reason not to get the extended warranty if you plan on keeping your BMW for a long time...on my MINI and my 3 series, some of the most minor repairs would cost me 2k+ if the cars were out of warranty.
If you search the car forums on Edmunds, you'll see that you can call around to dealerships out of your area to get the extended warranty at cost. Not sure what that is this days, but you should be able to find out easily.
seriously just lease bmw's. it makes sense. with safeguard and safelease you end up paying for gas. the rest is handled. bmw assist check(their on-star), roadside check, all service check. gas and go. you know its an expensive car and even with the 0.9% and free automatic (on 3'ers) you end up with a very expensive fashionable car after 36 to 48 months (4/48k warranty)..
if you buy it you (duh $50K car) buy the extended warranty, pay more tax (on entire sale price), pay for maintenance to not lose the extended warranty you just bought, pay for bmw assist (on-star), warez or pay for new navigation software (the new CCC is hard disk based no more iso's!).
You know the dodge dealer charges $65/hour for service. The local bmw dealer is $135/hr LABOR only.
call me crazy but the numbers and odds seem tilted against buying their cars and keeping them for a long time.
And remember alot of the 3.0 (non turbo) moved away from the ZF (german) automatic to the GM (chevy) transmission. google bmw GM transmissin and find thousands of posts about the junk. sorry man but i'm not rocking out a 50K bmw with a GM tranny in it. They can pony up a ZF tranny if you expect it to live.
i've leased two already and crunched numbers. bmw inflates their residual to keep payments reasonable but if you look at the resale value its about 8-10% lower than their residuals lately and bmw just core dumped ALOT of write offs in the past year due to currency ($$) devaluation. So they are trying to make it up in services as in charging you more to operate your car.
keithccn
Tired Member
posted: Aug. 22, 2008 @ 8:04p
chimmichanga08 said: Ordered 10and ebayed all of them. jk I have an 08 M3 Coupe and it has 4yr warranty/service free of charge plus extended 6yr/60000miles OUT THE DOOR $78000
So what's your point? Just to show off?
sdeals
Senior Member
posted: Sep. 10, 2008 @ 3:49p
Anybody tried the financing?
What rate were you offered and what was the FICO score?
Thanks.
wandlesswizard
New Member
posted: Sep. 10, 2008 @ 3:54p
tkutay said:Actually if you check the local used market, you may find pretty clean ones for more than $10K below the KBB value. I almost got a 2006 x5 3.0 with ~20K miles for $27K (KBB around $37K). You can find all sorts of deals on SUVs nowadays.
Quick question...where did you find this deal? I'm currently looking for a Toyota 4Runner (or a similarly capable SUV)but have had difficulty finding GREAT deals! The dealer is willing to give about 5k off MSRP...but on the fully loaded 4WD versions, that still puts me above 30k....any advice would be great. Thanks!
SmashNGrab
Addicted Member
posted: Sep. 10, 2008 @ 4:01p
any chance of PM'ing at the Mercedes dealership?
DEALicous
Happy Member
posted: Sep. 10, 2008 @ 4:16p
This a better deal than a used '07 GL450 for the same price? Found one with nav, 19"wheels, premium package and some other upgrade. only has 21k miles on it, lease returned.
wandlesswizard said: tkutay said:Actually if you check the local used market, you may find pretty clean ones for more than $10K below the KBB value. I almost got a 2006 x5 3.0 with ~20K miles for $27K (KBB around $37K). You can find all sorts of deals on SUVs nowadays.
Quick question...where did you find this deal? I'm currently looking for a Toyota 4Runner (or a similarly capable SUV)but have had difficulty finding GREAT deals! The dealer is willing to give about 5k off MSRP...but on the fully loaded 4WD versions, that still puts me above 30k....any advice would be great. Thanks!
Wolverine88 said: nickmetha said: I have a 2004 X3 and Maintenance warranty is going to expire...it has 38K miles....BMW dealer is offering it for $1395. Can I get it cheaper somewhere else. I am not the original owner so cannot get Original owner protection.
same here, I have a 2005 x5 3.0 and I am original owner. Is the extended warranty worth? What does it cover? How much is the regular oil change?
I just bought extended maintenance and extended factory warranty on my 3-series convertible. It cost me $43xx for both. I think it's totally worth it. My armrest failed multiple times during the course and had I not had coverage, it would have cost me $600+ each incident to replace.
sdeals
Senior Member
posted: Sep. 11, 2008 @ 9:12a
rigor said: seriously just lease bmw's. it makes sense. with safeguard and safelease you end up paying for gas. the rest is handled. bmw assist check(their on-star), roadside check, all service check. gas and go. you know its an expensive car and even with the 0.9% and free automatic (on 3'ers) you end up with a very expensive fashionable car after 36 to 48 months (4/48k warranty)..
if you buy it you (duh $50K car) buy the extended warranty, pay more tax (on entire sale price), pay for maintenance to not lose the extended warranty you just bought, pay for bmw assist (on-star), warez or pay for new navigation software (the new CCC is hard disk based no more iso's!).
You know the dodge dealer charges $65/hour for service. The local bmw dealer is $135/hr LABOR only.
call me crazy but the numbers and odds seem tilted against buying their cars and keeping them for a long time.
And remember alot of the 3.0 (non turbo) moved away from the ZF (german) automatic to the GM (chevy) transmission. google bmw GM transmissin and find thousands of posts about the junk. sorry man but i'm not rocking out a 50K bmw with a GM tranny in it. They can pony up a ZF tranny if you expect it to live.
i've leased two already and crunched numbers. bmw inflates their residual to keep payments reasonable but if you look at the resale value its about 8-10% lower than their residuals lately and bmw just core dumped ALOT of write offs in the past year due to currency ($$) devaluation. So they are trying to make it up in services as in charging you more to operate your car.
This is only true for two groups of people: - people that are focused on monthly payments and not long term cost of transportation - people that like to switch cars
Out of the people that like to switch cars, most buy crappy cars that they quickly get sick of (I am guilty as charged ). This is why I have decided to buy myself a good luxury vehicle that I will keep for a long time.
I had an X5 and it was the biggest piece of junk....in the shop every other month for the first year. BMW told me to go pound sand when I complained!!!! I will never own another!
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
Members of our community may attach files to a post in accordance with the User Agreement. FatWallet is not responsible for the content, accuracy, completeness or validity of any information contained in any attached file. Files have *not* been scanned for viruses. Be especially wary of Excel files which may contain malicious content.