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Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > X Series > X3 F25 (2011 - current)

X3 F25 (2011 - current)
The latest X3 brings some added style and some new features to the BMW SUV family. Talk about the new F25 now!

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  #1  
Old 12-20-2012, 10:58 AM
Bmwlvr60 Bmwlvr60 is offline
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Dealer Add Ons When Purchasing a New Vehicle

I spoke to 5 dealers in order to get my dealer to give me a price on the X3 I thought was fair- $480 over invoice. They initially were the highest of the 5. HOWEVER, they were also the highest when it came to the add ons which I agreed to pay:

Documentary Fees: $398
Registration/Title Fee: $376
Dealer Prep: $95
Window Etching: $199
Total: $1068

The total for the other 4 dealers were in the $700-$800 range.

Some of this varys State to State I know. I'm in NJ.

Insurance savings on the Window Etching amounts to $20/year- so this is almost pure profit for the dealer.

Dealer Prep is pure profit.

Doc fees and Reg/title has profit attached for them too I'm sure.

Bottom line is that I was wanted to purchase the X3 from a local dealer who is the most convenient, will provide loaners- vehicles much more expensive than the one I bought when available, car washes any time, and a service department that friend's use who recommend it. And pay a bit more for this.
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  #2  
Old 12-20-2012, 12:14 PM
nhman nhman is online now
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OP, congrats. All that matters is you being satisfied with the dealer and deal/purchase.

Could you have saved on the fees, perhaps but it seems that you are in the delivery or waiting delivery phase.
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  #3  
Old 12-21-2012, 07:41 AM
UncleJ UncleJ is offline
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Like you say fees vary from state to state. However I would hazard a guess to say that the registration/title fee is a state cost that the dealer does not make a "profit" on -- their cost to do that for you would be covered under the (very high IMHO) document fee charge. What is missing -- and is a big ticket item out here -- is the state vehicle tax (sales tax) that runs about 9% here (depending on the county you buy the car in) which would be $4500 on a $50K car.
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  #4  
Old 12-21-2012, 09:21 AM
Bmwlvr60 Bmwlvr60 is offline
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Talking

Quote:
Originally Posted by UncleJ View Post
Like you say fees vary from state to state. However I would hazard a guess to say that the registration/title fee is a state cost that the dealer does not make a "profit" on -- their cost to do that for you would be covered under the (very high IMHO) document fee charge. What is missing -- and is a big ticket item out here -- is the state vehicle tax (sales tax) that runs about 9% here (depending on the county you buy the car in) which would be $4500 on a $50K car.
You may be right about the registration/title fees. I just don't trust car dealers at all. They take advantage of those uninformed amongst us- people still pay MSRP who don't know any better. I was in the market for a used Honda for my son and was amazed to find that a very well known NJ Honda dealer had a $1800 dealer prep charge on it's contracts. As I was leaving "Planet Honda" on a Saturday afternoon I couldn't help to notice the multitudes of people who unwittingly would be paying this fake fee. I fired off a damning email to the Sales Manager- at 9:05 am on Monday morning I received an apologetic phone call- LOL. Not only did they lose my business, they will lose anyone who's part of my network.

Documentary Fees are 99% profit in my opinion.

Sales tax is a huge fee, but we all know that it's one the car dealers pay on our behalf. Right? Or is there some scam they run on this too? Maybe some dealers report lower lower car sale prices? Doubtful with a special order new car sale at a Bimmer dealer, but nothing would shock me.

Here's a list of items that the BMW Finance Manager tried to sell me:

Tire/Wheel Protection- $1895
Dent/Ding Protection- $695
Windshield Protection- $895
Zurich Shield- $795 ("7 years Protection against harmful elements and stains, inside and out")
Up Grade Maintenance- 100K/6 years- List Price $2095; offered it for $1795

Tire/Wheel- outrageous fees in my opinion
Dent/Ding- I don't know
Windshield- insurance covers this!
Zurich- sounds worthless
Up grade- The only one I'm considering. Need to shop around.

What do you folks think?
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  #5  
Old 12-21-2012, 09:29 AM
Bmwlvr60 Bmwlvr60 is offline
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Quote:
Originally Posted by nhman View Post
OP, congrats. All that matters is you being satisfied with the dealer and deal/purchase.

Could you have saved on the fees, perhaps but it seems that you are in the delivery or waiting delivery phase.
OP means "Official Poster"? Other Person; Other Polygamous; Oh, Phuck; or Oh, Protologist. Seriously, I see "OP" alot and don't know what it means.
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  #6  
Old 12-21-2012, 10:09 AM
tukfpe tukfpe is offline
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Quote:
Originally Posted by Bmwlvr60 View Post
OP means "Official Poster"? Other Person; Other Polygamous; Oh, Phuck; or Oh, Protologist. Seriously, I see "OP" alot and don't know what it means.
I could be wrong...but I think "OP" means "Original Poster".
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  #7  
Old 12-22-2012, 04:07 AM
nhman nhman is online now
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Quote:
Originally Posted by tukfpe View Post
I could be wrong...but I think "OP" means "Original Poster".
+1

OP is short for Original Poster....sometimes easier vs. remembering the signature name.
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  #8  
Old 12-22-2012, 06:48 AM
x3brian x3brian is offline
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Op- I would have fought the $199 window etching fee which is unnecessary and dealer profit.

You made the right choice on saying no to everything else. However the maintenance price is not bad. I would suggest posting in the ask a dealer section what best price you can get and then purchase from a site sponsor.

As a side note, I bought the 100k maintenance plan on my 09 and IMHO it is worth it if you drive high miles quickly. It's really just additional oil changes as I had to fight to get my first brake job covered at 99k miles.
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  #9  
Old 12-22-2012, 07:05 AM
UncleJ UncleJ is offline
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The sales tax fee on a new vehicle is pretty well inviolate from any dealer scam. The state(s) various franchise tax boards know virtually to a penny what is due them. In CA (at least) it doesn't even matter what your "trade in" will bring -- you still owe the tax on the whole price of the car, before trade in, as shown on the purchase contract. The dealer may well scam on other things -- taxes and registration/license fees are not among them.
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  #10  
Old 12-22-2012, 08:08 PM
glennk glennk is offline
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Quote:
Originally Posted by x3brian View Post
Op- I would have fought the $199 window etching fee which is unnecessary and dealer profit.

You made the right choice on saying no to everything else. However the maintenance price is not bad. I would suggest posting in the ask a dealer section what best price you can get and then purchase from a site sponsor.

As a side note, I bought the 100k maintenance plan on my 09 and IMHO it is worth it if you drive high miles quickly. It's really just additional oil changes as I had to fight to get my first brake job covered at 99k miles.
Where is the "ask a dealer" section?
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  #11  
Old 12-22-2012, 08:17 PM
Bmwlvr60 Bmwlvr60 is offline
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Quote:
Originally Posted by nhman View Post
+1

OP is short for Original Poster....sometimes easier vs. remembering the signature name.
Excellent, now I know for sure.

I was thinking it might mean: odd person, other priors, or old phart.
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  #12  
Old 12-22-2012, 08:48 PM
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Kamdog Kamdog is offline
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Why do you need your windows etched anyway? If someone steals your windshield, do you really think you would get it back? If you did get it back a week later, WTF would you do with it?
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  #13  
Old 12-22-2012, 09:28 PM
x3brian x3brian is offline
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Quote:
Originally Posted by glennk View Post
Where is the "ask a dealer" section?
Under the best of bimmerfest
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  #14  
Old 12-23-2012, 03:22 AM
nhman nhman is online now
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Quote:
Originally Posted by Bmwlvr60 View Post
Excellent, now I know for sure.

I was thinking it might mean: odd person, other priors, or old phart.
Well...I didn't exclude those references. Perhaps as a secondary meaning, it could be. For now, we'll stay with Original Poster...JK (Just Kidding).
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  #15  
Old 01-02-2013, 09:35 PM
Bmwlvr60 Bmwlvr60 is offline
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From www.autotrader.com:

Do You Need an Extended Warranty?



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Research extended warranties before heading to the dealership to buy a car.
Manufacturer-backed warranties are the smarter choice.
You can purchase an extended warranty anytime before the original warranty expires.

Sitting in a dealership's business office as you sign off on your new-car purchase is not the time to be wondering, "Do I need an extended warranty?"

Most car negotiations tend to wear down the consumer. By the time the salesperson walks a buyer into the business manager's office -- often called the F&I manager for "finance" and "insurance" -- that buyer may have already spent up to two or three hours with the salesperson, hearing a sales pitch, test driving some cars and hammering out a deal involving the new-car purchase price, as well as the value for a trade-in vehicle. This is just one reason we believe you should separate the shopping and buying visits to your dealership.

Mistakenly believing the heavy lifting of decision making is done when the salesperson turns them over to the F&I manager, some unsuspecting consumers might feel overwhelmed when suddenly faced with a grocery list of add-ons. These extra-cost products and services can include everything from window tinting and fabric protection for the seats to gap insurance and extended warranties.

The reality is that the F&I manager is another salesperson. Part of his job is to sell these additional products and services, which help bolster the dealership's profit on the car.

Arming yourself with some research on those extras before heading to the dealership to buy will not only save you some money but will also keep you from regretting decisions you had to make on the fly.

Among the buying decisions you will have to make in the F&I office, an extended warranty is one of the more complicated and expensive.

Here's what you need to know, what you need to ask yourself and what you need to find out about extended warranties before going to the dealership:

What is an extended warranty?

An extended warranty is really a service contract. It covers the cost of specified repairs after the car's manufacturer warranty expires. Think of it as medical insurance for your car. Some extended warranties are more comprehensive than others. Some have deductibles, while others don't.

Who backs it?

Extended warranties consist of two basic types: manufacturer backed and third party. Manufacturer-backed extended warranties provide for repairs to be made in any franchised dealership by factory-trained technicians using factory parts. The dealership's service writer can usually approve extended warranty repairs without a drawn out approval process. In other words, while it may differ in what it covers, it's basically an extension of the manufacturer warranty that came with the car.

A third-party extended warranty is underwritten by a company other than the manufacturer. It may or may not pay for work to be done at a franchised dealership. It will probably require the repair shop to secure approval from the warranty company before doing the work. It may require the owner to pay for the repair work then submit the bill to the warranty company for reimbursement. Third-party warranty companies can go bankrupt, taking the owners' money and leaving them without coverage.

If there is a deductible, what kind and how much is it?

Some extended warranties have a deductible. These can be either per-visit or per-repair deductibles. The ideal warranty would carry no deductible at all; however, if to keep the initial cost of the warranty low you accept a deductible, steer clear of per-repair deductibles. A warranty company could charge you a deductible for every part repaired or replaced even if they are related to the same problem that is fixed in a single service visit.

Who can make the covered repairs?

Make sure an extended warranty doesn't lock you into having the warranty work performed at a particular repair facility or the service department of a particular dealership. If you are away from home when trouble hits, you need to be able to take your car to a close-by repair shop or dealership. Manufacturer-backed warranties cover work done at any authorized franchised dealership.

Exactly what is covered?

Make sure items most likely to fail, break or wear out are covered: anti-lock brakes, electrical systems, transmission, manual-transmission clutches, air conditioner and power-steering components. Read the contract's fine print to determine exactly what is included and what is excluded.

Different levels of warranty often are offered with coverage increasing with each bump in price.

Who pays the bill?

Some warranties require the owner to pay for the repair and submit a receipt to the warranty company for reimbursement. This can take weeks or even months. There are plenty of warranties out there that directly pay the shop, requiring no out-of-pocket payment from you. Never buy an extended warranty that doesn't pay the repair shop directly.

Do you really need an extended warranty?

Different warranties cover different repairs, but basically an extended warranty kicks in after the manufacturer's warranty expires. At the core of the "need" question is how long do you plan to keep the car? If you trade-in a car every two or three years, chances are the warranty that came with the car will still be in force. If you keep a car for five years or longer, an extended warranty may pay for itself.

When is the best time to buy an extended warranty?

As with most products and services offered in the F&I office, an extended warranty doesn't have to be purchased when you buy the car. In fact, you can usually buy a warranty any time before the car's manufacturer warranty expires. Moreover, you don't have to buy it from the dealership where you purchased the car. The only advantage to buying it as part of a new-car purchase is that you can roll it into the financing and monthly payments. This means you will wind up paying more for it over the long haul, but you don't have to pay one lump sum.

Have you shopped around?

When it comes to buying a new car, everything is negotiable. This includes the cost of an extended warranty. Call the F&I office of a few dealerships offering the model you are going to buy and find out their lowest price for the warranty you are considering. Know that the first price they quote will probably be twice what it costs them. Dicker with them for a lowest price. Use that price to bargain with the dealer where you finally purchase the car.

What do we recommend?

Consumer Reports magazine says that on average consumers spend more on an extended warranty than the warranty saves them in repairs. So chances are, you probably don't need one. But if you really want an extended warranty for extra peace of mind, we prefer one backed by the automaker. Make sure it covers every component you want covered. Avoid a deductible, if possible.

What it means to you.

Do you need an extended warranty? For a consumer keeping a car beyond the limits of the warranty that came with the car, an extended warranty can provide some peace of mind even if it probably won't pay for itself. But extended warranties are only valuable if sensibly priced and comprehensive in coverage.
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