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View Full Version : How much over invoice to pay for an X3?


jdeday
01-07-2005, 06:32 PM
Hello everyone,

I may be looking at the X3 this weekend; how much over invoice should I pay for an 05?

Jeff

ProcyonB
01-07-2005, 07:05 PM
Hello everyone,

I may be looking at the X3 this weekend; how much over invoice should I pay for an 05?

Jeff

How much do you want one?

LeucX3
01-07-2005, 08:07 PM
I dont' know what inventory levels are like now, but i paid about $500 over invoice when deals were great last spring.

sfca-325i
01-07-2005, 11:57 PM
Back in April 2004, I paid invoice.

I think BMW will be trying to do a better job managing inventory line this year. Plus they have already improved the value proposition ... so may be had to match last year's deals.

Elefantino
01-08-2005, 06:49 AM
I got one two weeks ago for about $2K under invoice.

If not, I can't imagine paying more than invoice, particularly if you lease.

jdeday
01-08-2005, 07:30 AM
I would be purchasing not leaseing, do you think $500 over invoice is a reasonable offer?

Elefantino
01-08-2005, 07:48 AM
Depends on whether you're purchasing outright or financing. If you finance through BMW FS, the dealer gets a kickback on your payment and would be more likely to lower his cost. If you're paying cash, I doubt it.

My 2c.

macct
01-08-2005, 07:51 AM
Your expectations are probably not inline wit the market. $500 over invoice certainly doesn't work in my area. You may find people quoting great deals, but they were on 2004 models that had dealer support since the cars were overpriced. For 2005, BMW has increased the content & associated value.

Another poster recommends (I agree) going to carsdirect.com & seeing what they show as a price. You should be able to beat that price w/o too much work, but it provides a frame a reference.

MPoWeRMAN
01-08-2005, 09:18 AM
I got my 05 for $1500 under MSRP on a special order, you are not going to find an 05 for anywhere near invoice, all the great deals you heard were probably on 04's, the dealers wanted to push them off the lots before the 05's came in because of the major price and options difference! If you get one for 1k above invoice, I would be impressed, but another factor is where you are, different areas, different markets, just simple economics.

shaun132
01-08-2005, 03:34 PM
Whoa, 2k below invoice!!!
Elefontino, where did u buy your car??
how much a month do u pay

Dr. Phil
01-08-2005, 06:32 PM
true invoice, no MACO, no nothing....... :bigpimp:

FireFly
01-08-2005, 06:49 PM
Whoa, 2k below invoice!!!
Elefontino, where did u buy your car??
how much a month do u pay

2k under for an 04

fill007
01-09-2005, 07:46 PM
My 05 3.0i, $500.00 above invoice.

But from experienece, It's hard to walk in and just ask for $500.00 over invoice. They have to feel you out and if your able to get the car at your asking price somewhere else. I negotiated for 20 minutes, dealer was comfused on my numbers and finally showed me that they are offering me $500.00 over invoice. Dealers advantage is ofcourse stock on hand, unless your willing to wait.

The dealer had a car with all the options I wanted except for the color but I took the deal.

Elefantino
01-09-2005, 08:22 PM
Whoa, 2k below invoice!!!
Elefontino, where did u buy your car??
how much a month do u pay

Florida. Monthly is $422.

jdeday
01-27-2005, 08:50 PM
Ok,

I had the dealer fax me a price quote the other day, it was $870 below MSRP, do you think he can do better?

kyfdx
01-28-2005, 07:35 AM
Ok,

I had the dealer fax me a price quote the other day, it was $870 below MSRP, do you think he can do better?

On a 3.0, you should be looking for more like $2K under MSRP..

$500-$1000 over invoice is achievable.. That doesn't mean that one particular dealer will do that, though.. You have to be willing to shop around... If not, you take what you can get..

One key in negotiating.. Know the invoice price.. but never mention it.. As soon as you start working up from "cost", you'll be paying fees to clean the restrooms and everything else they can think up a fee for.. Make offers in "real dollars".

iChick
01-28-2005, 07:59 AM
Hello everyone,

I may be looking at the X3 this weekend; how much over invoice should I pay for an 05?

JeffIt's all about supply and demand. If the dealer has several of these sitting around on the lot, they will be motivated to make them move. However, if inventory is very low, they will be able to get more for it... Find out what your dealer has in stock to know how much negotiation power you have.

On a another note, I was just informed that my new X3 '05 3.0 that I ordered has arrived at the dealership and I'll be picking it up today!

JeffKiel
01-28-2005, 08:39 AM
I just picked up my '05 3.0 for $1k over invoice. It was what I thought a fair price was and they accepted...no long drawn out negotiations. I told them I was up in the air on how I would finance when I made the offer, so I don't know if that played a role or not.

bfeldstein
01-28-2005, 08:49 AM
Before I went looking for an X3, I went to www.edmunds.com to look at the "True Market Value" in my area for the car outfittled with the options that I wanted. The "TMV" is the price that people actually pay in a given geographic area. I actually did a little better than the TMV, but I still paid about $1500 ABOVE invoice. Maybe I'm just a bad negotiator!

tnunnery
01-28-2005, 09:58 AM
I'm not sure we're all talking about the same thing here.

There two types of "invoice" pricing in addition to MSRP. There is the MSRP (highest), invoice price and then European Delivery invoice price (lowest). For European Delivery, most dealers I worked with in the Bay Area quoted ~$1500 over ED invoice but there are some who have done MUCH better than that.

stevenw66
01-28-2005, 12:28 PM
I ordered 2005 X3 3.0i in October 04, received in Dec 04, paid $2000 under MSRP. I financed myself.

jdeday
02-01-2005, 07:14 PM
I did more negotiating today, this is the low down:

X3 3.0
Mystic Blue Metallic
Beige Leather Interior
Steptronic Transmission
Premium Package
Heated Seats
Privacy Glass
Satellite Radio Prep
Xenon Adaptive Headlights
Heated Steering Wheel
Premium Sound
Power Folding Mirrors

MSRP $42,070

$38,635 Invoice
$300 dealer prep (pre delivery inspection, car and key memory programming, detail, state and emission inspection)
$1,500 profit
$40,435

This is a discount of $1635 from MSRP.

How did you get $2000 under MSRP?

Any opinions?

JeffKiel
02-02-2005, 09:41 AM
I have a similar vehicle (grey interior, no premium sound, folding mirrors, or steering) and I got it for $1k over invoice. The nice thing (but unsettling because I wonderif I could have done better) is there was no haggling required, they accepted my offer straight away. I went in with financing already arrainged (but let them know if they would beat it I would go with theirs, they did by .5%) so they know I am serious, and I said, "well, I know this isn't a Ford dealership (huge volume), so I am not expecting to pay invoice, but I think invoice + $1k is fair profit". He checked with "the man" and they accepted. It wasn't even a vehicle on the lot, it was at port targeted for another dealer and they grabbed it and had it delivered there.

BTW, this is in Raleigh, NC, so not a "big city" but not rural either :)

echelon153
02-02-2005, 10:25 AM
'05 3.0i SG w/ Terracotta leather, PP, CWP, Xenon, Priv Glass, Sat Radio prep. $500 over invoice + tax/lic/fees. vehicle is at VPC awaiting transit (supposedly yesterday) to my dealership. patiently waiting :)

mliwanagcert
02-02-2005, 01:35 PM
DAMM!!! Those are good deals!!! :yikes:

Are these on 2004 or 2005? Does anyone have any Canadian experiences or prices. I was just at a dealer in the Greater Toronto Area and they were not willing to give any sort of decent discounts on 2005. Their current incentive is 2% financing on a 2.5 and you get to gawked at their pretty receptionist :thumbup:

jdeday
02-05-2005, 07:15 AM
echelon153 that is a great color combination! What dealer are you pruchasing from?

echelon153
02-05-2005, 08:57 AM
echelon153 that is a great color combination! What dealer are you pruchasing from?

thanks! alison-bmw, mtn. view, calif.

rauzer
02-21-2005, 07:09 PM
yes

rauzer
02-21-2005, 07:10 PM
Does he mean 2K under invoice or 2K under MSRP? I bet it's the latter.

cichen
03-14-2005, 11:36 AM
I paid $1000 ABOVE invoice. 2005 X3 3.0

JG
03-14-2005, 03:15 PM
I just closed a deal leasing a X3 2.5 (Jet Black) in GTA a week ago. (zero down, 39 months, 2000km/month, 2.5% lease rate)
With the options it came up to CAD$670/per month (tax included). I ended up paying CAD$640 with the IPOD kit installed for free.

Options I picked:
Premium Package (Sunroof, Xenon Lights, Auto-Dimming Interior Lights)
Heated Steering Wheel
Privacy Glass

Not sure at all whether it's a good deal

Looks like you got around $1000 off list - maybe slightly higher because of the iPod.

This assumes your residual was at $28,320 (according to results of building your vehicle at the BMW Canada web site).

The markup on the vehicle I got a few weeks ago in the GTA (before options) X3 - 3.0i is around 9% +/- over dealer invoice from what I understand. Would be the same for the 2.5i.

This would be around $4,400 Canadian on a $49,000 list price. I got the equivalent of 5% knocked off ($2,500 or so). The 3.0i lease rate is 3% compared to your 2.5i at 2.5%

dherzfeld
03-14-2005, 06:34 PM
I was quoted $245 over Euro Delivery invoice on an X3 3.0. The dealer is a little remote, so I will see if I can get a matched or better deal from one of the two dealers on my normal daily commute. :thumbup: :thumbup: :thumbup:

x39339
03-14-2005, 09:29 PM
I just closed a deal leasing a X3 2.5 (Jet Black) in GTA a week ago. (zero down, 39 months, 2000km/month, 2.5% lease rate)
With the options it came up to CAD$670/per month (tax included). I ended up paying CAD$640 with the IPOD kit installed for free.

Options I picked:
Premium Package (Sunroof, Xenon Lights, Auto-Dimming Interior Lights)
Heated Steering Wheel
Privacy Glass

Not sure at all whether it's a good deal


The ipod kit is 500 CAD/w installation (with tax), 30 dollars less monthly payment approx. equals $1,000 discount. So, your total saving is around $1,500 CAD. That's not bad. Do you have any trade-in?

x39339
03-14-2005, 09:36 PM
Looks like you got around $1000 off list - maybe slightly higher because of the iPod.

This assumes your residual was at $28,320 (according to results of building your vehicle at the BMW Canada web site).

The markup on the vehicle I got a few weeks ago in the GTA (before options) X3 - 3.0i is around 9% +/- over dealer invoice from what I understand. Would be the same for the 2.5i.

This would be around $4,400 Canadian on a $49,000 list price. I got the equivalent of 5% knocked off ($2,500 or so). The 3.0i lease rate is 3% compared to your 2.5i at 2.5%


I've heard 5% off MSRP is probably the max discount you can get out there. I 've got around 4% off.

jk330i
03-15-2005, 02:54 PM
For you lease x3 3.0 people, what are your monthly payments incl tax?

And what did you down/drive-off fee?

Rob V
04-04-2005, 03:11 PM
Forgive me if I sound clueless but how would I find out what Invoice or Cost is without asking the dealer?

4everbavarian
04-04-2005, 04:04 PM
Forgive me if I sound clueless but how would I find out what Invoice or Cost is without asking the dealer?


http://www.bimmerfest.com/forums/showthread.php?t=73359

Rob V
04-04-2005, 04:19 PM
http://http://www.bimmerfest.com/forums/showthread.php?t=73359

Thanks! Good information. You may want to edit the link though. There is 1 too many "http"s in there. Just thought I'd point that out.

pps-325xit
04-04-2005, 04:42 PM
lately. That's the deal we just got, minus the $500 CCA member rebate made it exactly invoice.

4everbavarian
04-04-2005, 05:06 PM
Thanks! Good information. You may want to edit the link though. There is 1 too many "http"s in there. Just thought I'd point that out.

Sorry about that. Noticed it also but was too late...

pps-325xit is right...around $500 over invoice is no problem.

DUCTTAPE
04-07-2005, 06:56 PM
lately. That's the deal we just got, minus the $500 CCA member rebate made it exactly invoice.

$300 over invoice, then, less $500 CCA rebate. (Does that mean BMW paid ME $200 to take the car? Nah!)

I had two dealers working hard to sell me the same car at that price, and one dealer (where I have bought 2 other cars!) who insisted his best low was $500 over everyone else's.

And he's one of the biggest in the North East.

Be very careful about 'invoice'. As someone a page back said, make sure it's real invoice and not bean counter invoice.

dherzfeld
04-29-2005, 08:52 PM
I saw a deal today from one of the Houston dealers for $500 over invoice on 2005 in-stock vehicles. End of the month inventory clearance deal. So that's the bogey in Houston.