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X5 E70 (2007 - 2013)
E70 BMW X5 produced between 2007 and 2013. Discuss the E70 X5 with other BMW owners here.

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  #1  
Old 11-23-2010, 12:32 PM
2011x535d 2011x535d is offline
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Location: Seattle
 
Join Date: Nov 2010
Posts: 2
Mein Auto: Golf TDI
Please rate this deal on a 35d

Hi guys - long time reader but my first post.

We would like to get a 2011 x5 35d. I currently have a Golf TDI and being from Spain I LOVE Diesels.

This is what we are looking for: Grey Metallic, leather, premium and cold weather package.

After all incentives and discounts ($6k) I was quoted a price of $51,080 plus Tax. I live in the Seattle Area.

Based on Edmunds.com, invoice with the specified options is $54,656.

Based on some of the threads in this forum, a respectable profit for the dealer would be 1k over invoice MINUS the 6k (3500 eco and 2500 holiday cash) for a net price of $49,656.

Do these numbers sound right to you guys? How do you go about negotiating a lower price. I'm thinking on engaging all other BWMs in the area, referrals appreciated.

Thanks in advance for your help and time.
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  #2  
Old 11-23-2010, 12:39 PM
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hsindogg hsindogg is offline
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Location: Potomac, MD
 
Join Date: Apr 2010
Posts: 332
Mein Auto: 2011 xDrive35d
So you're basically at $2500 over invoice. If you're comfortable paying that, go for it, if not keep shopping.

For me, knowing people got $500 over invoice, I shopped around by making calls locally.

I got the price I wanted, and couldn't be happier ($500 over invoice, $500 MACO/Training).

If you're going to negotiate, start at a dollar amount over invoice. Then, find out what their additional fees are, MACO/Training or doc fees. Tax, tags and destination are standard.
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Sparkling Bronze 2011 X5 xDrive35d
Premium, Technology, Sport Activity w/ 20" 214's, Cold Weather, Premium Sound, Rear Climate, Multi-contour seats, Comfort Access, Roof Rails, Oyster Nevada leather
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  #3  
Old 11-23-2010, 12:50 PM
mctavish mctavish is offline
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Location: Ohio
 
Join Date: Oct 2010
Posts: 18
Mein Auto: 2012 X5 35d
I would not buy with the >51k price you were quoted. When I was in the shopping mode, I contacted every dealer within 200 miles with the configuration that I want.

1. The deal I got was (invoice - BMW credit + $99 doc/title fee + tax). I had to drive 180 miles for this deal though. But on the flip side, it provided me 180 miles great experience on how the x5 35d drives.

2. I got 3 other dealers quoted (invoice - BMW credit + $800~1000 + $150-250 doc/title fee + tax)

Hope my experience provided some help. Good luck!
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  #4  
Old 11-23-2010, 01:25 PM
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Jim E. Jim E. is offline
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Location: Northeast
 
Join Date: Apr 2002
Posts: 480
Mein Auto: 1999 M3 Coupe & 2009 335d
Not a good deal. Max you should pay is 1K over invoice.

Also, the 0.9% finance promotion is only on a 36 month loan. Just a heads up.

Quote:
Originally Posted by 2011x535d View Post
Hi guys - long time reader but my first post.

We would like to get a 2011 x5 35d. I currently have a Golf TDI and being from Spain I LOVE Diesels.

This is what we are looking for: Grey Metallic, leather, premium and cold weather package.

After all incentives and discounts ($6k) I was quoted a price of $51,080 plus Tax. I live in the Seattle Area.

Based on Edmunds.com, invoice with the specified options is $54,656.

Based on some of the threads in this forum, a respectable profit for the dealer would be 1k over invoice MINUS the 6k (3500 eco and 2500 holiday cash) for a net price of $49,656.

Do these numbers sound right to you guys? How do you go about negotiating a lower price. I'm thinking on engaging all other BWMs in the area, referrals appreciated.

Thanks in advance for your help and time.
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  #5  
Old 11-23-2010, 02:20 PM
ard ard is offline
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Location: CA
 
Join Date: Jul 2009
Posts: 9,120
Mein Auto: '12 X5 35d/E39M5/996TTX50
Some good advice above.

As you engage with a dealer, you need to quickly demonstrate to them what kind of buyer you will be... then see if the dealer will go forward, or bail. Why waste time?

So as pointed out above, begin with a discussion of 'dealer profit' or 'price above invoice'. Say "deals seem to be had at $500 on top of net dealer cost- so add maco, training and delivery to invoice to get 'dealer costs- but I can be a bit flexible to make this deal easier and get it done locally". You are offering $500 but allowing some flex- they won't slam the door usually.

Here is the key: EVERYONE KNOWS what invoice is on a car. What they count on you NOT knowing is where deals are being done. Once they know that you know where the deal should be, they know you will be "one of the bread and butter customers", and not a (foreigner?) whom doesnt know the drill and we can make some real money.

I had 9 or 10 conversations before I found my deal- but all pretty quick. Indeed, my ultimate purchase negotiation was two phone calls while I was on the east coast driving on business spanning less than 10 minutes.

A
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  #6  
Old 11-23-2010, 02:30 PM
2011x535d 2011x535d is offline
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Location: Seattle
 
Join Date: Nov 2010
Posts: 2
Mein Auto: Golf TDI
Hi guys - thanks for all your support and advice.

I think I did much better on my second call:

Premium, cold weather for $48,789 after rebates +150 doc fee. No MACO. I think we are at $1,200 over invoice. Correct?

What do you guys think?

Thanks again. This has been a great experience.
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