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-   -   Just got a $200.00 over invoice quote - is this the norm? (http://www.bimmerfest.com/forums/showthread.php?t=711334)

ckm1515 07-26-2013 07:33 AM

Just got a $200.00 over invoice quote - is this the norm?
 
I have an X5 coming to lease maturity in 3 months. I've inquired about the 2014 model and i can probably get for 1,500 over invoice but car is not only pricey, but who knows about LRF and residuals.

I rode in a 3.5L at the UDE the other day and was a fan. I configured it to about 58K and my local dealer says he can do $200 over on an ordered car for Sept/Oct before Ultimate Driving Event credit and owner loyalty. That puts me $1,300 under invoice.

I have been told that for July, base LRF is .00127 and 55% residual for 36/15K lease.

Did I just hit the X3 jackpot?

WHITEX 07-26-2013 07:42 AM

Quote:

Originally Posted by ckm1515 (Post 7733846)
I have an X5 coming to lease maturity in 3 months. I've inquired about the 2014 model and i can probably get for 1,500 over invoice but car is not only pricey, but who knows about LRF and residuals.

I rode in a 3.5L at the UDE the other day and was a fan. I configured it to about 58K and my local dealer says he can do $200 over on an ordered car for Sept/Oct before Ultimate Driving Event credit and owner loyalty. That puts me $1,300 under invoice.

I have been told that for July, base LRF is .00127 and 55% residual for 36/15K lease.

Did I just hit the X3 jackpot?

If you can get more than 7% off of list you did well. 6.5 is the average (from my experience). Do the numbers that way and see how good it looks.

The X Men 07-26-2013 09:03 AM

I dont know about you hitting the X3 jackpot, but $200 above invoice is a good price. I got invoice pricing on my X3 6 months ago.

ckm1515 07-26-2013 01:41 PM

Quote:

Originally Posted by The X Men (Post 7734099)
I dont know about you hitting the X3 jackpot, but $200 above invoice is a good price. I got invoice pricing on my X3 6 months ago.

Well I say jackpot cause i wasn't expecting something so aggressive on 35....28 i knew i could get for invoice as there is ample supply but supply is tight on 35.

Ride is MSRP'd at $59,150 and I can get it for $54,960 then net out UDE $1K and loyalty of 500K to adjusted cap cost of 53,560.

Plus, I there is a 500 turn key credit to be used towards upfront costs so this appears to be a big win in my book.

jpfrog80 07-26-2013 02:31 PM

Be aware though that some of the "Credits" BMW financing offers only applies if you use their financing, and if you go outside of BMWNA Financing, you don't qualify for those credits.

I believe their best rate when we bought ours back in June was 3.05% when we were able to get below 2% using outside financing....doing that meant we didn't qualify for the credits (turnkey and loyalty...about $1250 worth) which was a bummer, but the amount we saved on the life of the loan with the lower interest rate more than made up for missing out on the credits.

ckm1515 07-26-2013 02:40 PM

Quote:

Originally Posted by jpfrog80 (Post 7734699)
Be aware though that some of the "Credits" BMW financing offers only applies if you use their financing, and if you go outside of BMWNA Financing, you don't qualify for those credits.

I believe their best rate when we bought ours back in June was 3.05% when we were able to get below 2% using outside financing....doing that meant we didn't qualify for the credits (turnkey and loyalty...about $1250 worth) which was a bummer, but the amount we saved on the life of the loan with the lower interest rate more than made up for missing out on the credits.

this would be a lease. never owned a bimmer in 15 years and always leased. love getting a new car every 2-3 years.

roadkillrob 07-26-2013 05:04 PM

Sounds like a decent price - about what I got in March, with incentives I ended up at $1500 under invoice (I pade $250 over plus incentives), so $200 over is great. Residual and money factor are what they are, my 2011 X5 was 57% residual on 15k miles per year which was awesome, but the 2014 doesn't seem to get over 55% - 2013's where 57% back in March.

If you have some cash around you can live without for a few years, the multiple security deposits (up to 8) will get the money factor down quite a bit and save you more money than you will make in interest on the money in a bank for 3 years.

Stitches 07-26-2013 09:43 PM

$200 over invoice sounds good.

When people quote what they paid on these boards, I always wonder if we are comparing "apples to apples". Were there any fees like a Doc fee or Dealer Prep fee? If so, add that to the price paid. If leasing, was the Acquisition Fee over the minimum? If so, add that to the price paid. If trading in a car, was full value received for the trade-in. Were any manufacturer promotions excluded from what the person is considering the invoice price? Etc.

Maybe someone should come up with a calculator for this. :)

roadkillrob 07-27-2013 05:32 AM

So using the above explanation, I paid $250 over invoice, it was a lease, acquisition fee was waived as I was coming off an X5 lease, $1250 in incentives (and they paid my last 3 payments on my X5, which isn't really true, they just took it back early - not like it cost anything for them). 55% residual on 3 year/15k a year lease and I did 7 security deposits which cut the money factor down to almost half.

Stitches 07-28-2013 06:46 AM

Excellent!

Brighty 07-28-2013 07:39 AM

Just got a $200.00 over invoice quote - is this the norm?
 
I just got 800 over invoice then 500 rebate so 300 over invoice. Is that good for X3 35?


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BMW318i_E36 07-28-2013 10:21 AM

Why pay over invoice ? What's so special about a 2014 model, that you can't wait until December-January, you can get a nice demo with all the options for close to $8000 under invoice, if you play your cards right. However, there is not nothing like a brand new car, but I will never pay over invoice for a car.

billyk 07-29-2013 08:03 AM

Don't forget the Ultimate test drive event (or whatever name they call it) that's running currently.

I went to test drive on a Friday in NJ. I got the code through email on Sunday. I gave it to to my dealer right away. That's $1k.


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