Welcome to Bimmerfest -- The #1 Online Community for BMW related information! Please enjoy the discussion forums below and share your experiences with the 200,000 current, new and past BMW owners. The forums are broken out by car model and into other special interest sections such as BMW European Delivery and a special forum to voice your questions to the many BMW dealers on the site to assist our members!

Please follow the links below to help get you started!

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!

Reply
 
Thread Tools Display Modes
  #1  
Old 03-16-2011, 08:13 PM
PickyBiker PickyBiker is offline
Registered User
Location: Austin, TX
 
Join Date: Mar 2011
Posts: 6
Mein Auto: 2011 X3
Tiny discounts normal?

I am negotiating for an X3 in the 45k range and the discounts over msrp are quite small in both a big city and a much smaller city about 60 miles away. In addition, the interest rate is 4.9 when many cars are sub 3% and a few are lower than 2%. Many higher priced cars and SUV's have several thousand off the MSRP, but I'm not seeing anything like that with the X3.. Note: even BMW 3 and 5 series have far better interest rates and incentives.

What are other 2011 X3 buyers seeing?

Thanks!

Last edited by PickyBiker; 03-16-2011 at 08:16 PM.
Reply With Quote
Advertisement
  #2  
Old 03-16-2011, 08:56 PM
mhrir mhrir is offline
Officially Welcomed to the 'Fest
Location: Illinois
 
Join Date: May 2010
Posts: 148
Mein Auto: Z4 M Coupe
$1,100 over invoice and .00175 MF. I could have saved a few hundred buying from a dealer 2.5 hours away but I decided to buy from my local dealer and save myself the hassle.
Reply With Quote
  #3  
Old 03-16-2011, 09:18 PM
No12 No12 is offline
Officially Welcomed to the 'Fest
Location: Western Canada
 
Join Date: Sep 2007
Posts: 665
Mein Auto: 2012 135i E82 MSport
The X3 is new, is good, and is in demand. Discounts will come, but not for a while.
__________________
2014 MINI Cooper S, Thunder Grey, 6MT
Gone: 2012 135i Coupe, Jet Black, MSport, 6MT
Gone: 2012 135i Coupe,LeMans Blue, MSport, DCT, Prem
Gone: 2011 X35i, Vermillion Red, MSport.
Gone: 2007 328xiTouring, Barbera Red, Lemon, 6MT.
Gone: 2009 M3 Sedan, Alpine White, Black Novillo, M-DCT.
Gone: 2008 535xi, Alpine White, Black Dakota, MSport.
Long Gone: 11 other BMWs between 1971 and 1986.
Reply With Quote
  #4  
Old 03-16-2011, 09:46 PM
flyboy15 flyboy15 is offline
Registered User
Location: NY
 
Join Date: Mar 2011
Posts: 11
Mein Auto: 2008 328xi
I was able to get the 2011 X3 35i with perm pack, sport pack, and heated seats and wheel for $500 over invoice.
Reply With Quote
  #5  
Old 03-16-2011, 10:30 PM
PickyBiker PickyBiker is offline
Registered User
Location: Austin, TX
 
Join Date: Mar 2011
Posts: 6
Mein Auto: 2011 X3
All I have to work with is MSRP, how can I find the invoice?
Reply With Quote
  #6  
Old 03-16-2011, 11:10 PM
flyboy15 flyboy15 is offline
Registered User
Location: NY
 
Join Date: Mar 2011
Posts: 11
Mein Auto: 2008 328xi
I used truecar.com and edmunds.com to see if they had the same numbers.
Reply With Quote
  #7  
Old 03-16-2011, 11:11 PM
MarcA78's Avatar
MarcA78 MarcA78 is offline
Fountainhead
Location: Portland, OR
 
Join Date: Oct 2008
Posts: 722
Mein Auto: 2011 X3 35i
Quote:
Originally Posted by PickyBiker View Post
All I have to work with is MSRP, how can I find the invoice?
http://amexnetwork.zag.com/main.html

Got mine for $500 over invoice. That's $2,320 off MSRP.
Reply With Quote
  #8  
Old 03-17-2011, 04:25 AM
M Power M Power is offline
Officially Welcomed to the 'Fest
Location: VA
 
Join Date: Jul 2002
Posts: 102
Send a message via AIM to M Power
Mein Auto: 2008 X5 4.8i
Got mine $700 below invoice, premium pack, conv pack, cold weather pack, tech pack, sat radio, integ smart phone op. MSRP was a bit over $52k.
__________________
2011 X3 35i
2008 X5 4.8i
2003 330xi -sold-
2001 X5 4.4i -sold-
2001 M5 -sold-
2001 M Roadster (SCed, Highly modified) -sold-
2000 M Roadster -sold-
1995 325is -sold-
Reply With Quote
  #9  
Old 03-17-2011, 07:52 AM
UncleJ UncleJ is offline
Officially Welcomed to the 'Fest
Location: Silicon Valley
 
Join Date: May 2006
Posts: 6,560
Mein Auto: '06 X3
Wow! congratulations you are the winner, beating Marc out of first place in getting the new X3 for the lowest price! Well done. You got yours for $700 under DEALER COST, while the best Marc could do was $500 over cost. That is great, but it is hard to imagine how the dealer will remain in business selling below his cost. How about sharing your secret in getting such a killer deal!

Last edited by UncleJ; 03-17-2011 at 07:55 AM.
Reply With Quote
  #10  
Old 03-17-2011, 08:13 AM
MarcA78's Avatar
MarcA78 MarcA78 is offline
Fountainhead
Location: Portland, OR
 
Join Date: Oct 2008
Posts: 722
Mein Auto: 2011 X3 35i
Quote:
Originally Posted by UncleJ View Post
Wow! congratulations you are the winner, beating Marc out of first place in getting the new X3 for the lowest price! Well done. You got yours for $700 under DEALER COST, while the best Marc could do was $500 over cost. That is great, but it is hard to imagine how the dealer will remain in business selling below his cost. How about sharing your secret in getting such a killer deal!
Seriously. That's a really good price.

My great discount came with crappy dealership support free of charge. Did you get that too?
Reply With Quote
  #11  
Old 03-17-2011, 08:29 AM
M Power M Power is offline
Officially Welcomed to the 'Fest
Location: VA
 
Join Date: Jul 2002
Posts: 102
Send a message via AIM to M Power
Mein Auto: 2008 X5 4.8i
Quote:
Originally Posted by UncleJ View Post
Wow! congratulations you are the winner, beating Marc out of first place in getting the new X3 for the lowest price! Well done. You got yours for $700 under DEALER COST, while the best Marc could do was $500 over cost. That is great, but it is hard to imagine how the dealer will remain in business selling below his cost. How about sharing your secret in getting such a killer deal!
I wish I can tell you that I have some sort of secret, but I am usually not the person to drive salesperson up against the wall.

Anyhow, when I decided to buy either X5 or Q5, I sent an email to all surrounding BMW and Audi dealers, requesting for their best possible quotes. I drafted that email sound sincere and got quotes from all dealers within a day or two. One of response was from sales manager from local BMW dealer and he basically laid out numbers, giving me about $400 or so below invoice price. When I got to dealer that same week, we found out that I didn't qualify for BMW's loyalty discount of 1% so that manager tried to compensate it by giving me more discount. Great thing was, he didn't have to say "gee, let me go talk to my manager about that...". He was the manager so he gave me the discount at the spot. After 20-30 email exchanges that laid out the details, all I had to do was go there and sign papers. Easiest and the most pleasant car sale I've ever had.
__________________
2011 X3 35i
2008 X5 4.8i
2003 330xi -sold-
2001 X5 4.4i -sold-
2001 M5 -sold-
2001 M Roadster (SCed, Highly modified) -sold-
2000 M Roadster -sold-
1995 325is -sold-

Last edited by M Power; 03-17-2011 at 08:30 AM. Reason: edit
Reply With Quote
  #12  
Old 03-17-2011, 10:21 AM
CliffJumper CliffJumper is offline
Officially Welcomed to the 'Fest
Location: Los Angeles, CA
 
Join Date: Aug 2008
Posts: 616
Mein Auto: 09 M3 Sedan
Quote:
Originally Posted by mhrir View Post
$1,100 over invoice and .00175 MF. I could have saved a few hundred buying from a dealer 2.5 hours away but I decided to buy from my local dealer and save myself the hassle.
Do dealers typically give a MF that's lower than the BMW base rate? If so, are they simply taking the profit from the "over invoice" amount to lower the MF?
Reply With Quote
  #13  
Old 03-17-2011, 10:22 AM
CliffJumper CliffJumper is offline
Officially Welcomed to the 'Fest
Location: Los Angeles, CA
 
Join Date: Aug 2008
Posts: 616
Mein Auto: 09 M3 Sedan
Quote:
Originally Posted by M Power View Post
When I got to dealer that same week, we found out that I didn't qualify for BMW's loyalty discount of 1% so that manager tried to compensate it by giving me more discount.
Sorry for the thread high jack... but how/where do I find more info regarding BMW's loyalty discount? I didn't realize they had one at the moment.
Reply With Quote
  #14  
Old 03-17-2011, 11:54 AM
mhrir mhrir is offline
Officially Welcomed to the 'Fest
Location: Illinois
 
Join Date: May 2010
Posts: 148
Mein Auto: Z4 M Coupe
It is currently .0003. Search here or even better talk to a CA.
Reply With Quote
  #15  
Old 03-17-2011, 12:04 PM
CliffJumper CliffJumper is offline
Officially Welcomed to the 'Fest
Location: Los Angeles, CA
 
Join Date: Aug 2008
Posts: 616
Mein Auto: 09 M3 Sedan
Quote:
Originally Posted by mhrir View Post
It is currently .0003. Search here or even better talk to a CA.
According to this thread, the March 2011 MF for an X3 is 0.002. I also looked up Jan and Feb rates, neither of which were lower than 0.002. However, you mentioned you got an MF of 0.00175. I was wondering how you got that rate.

Thanks!
Reply With Quote
  #16  
Old 03-17-2011, 01:31 PM
BruceOmega BruceOmega is offline
Officially Welcomed to the 'Fest
Location: Alexandria VA
 
Join Date: Apr 2005
Posts: 461
Mein Auto: 2008 535Xi, 2006 X3 (wife
Quote:
Originally Posted by M Power View Post
I wish I can tell you that I have some sort of secret, but I am usually not the person to drive salesperson up against the wall.

Anyhow, when I decided to buy either X5 or Q5, I sent an email to all surrounding BMW and Audi dealers, requesting for their best possible quotes. I drafted that email sound sincere and got quotes from all dealers within a day or two. One of response was from sales manager from local BMW dealer and he basically laid out numbers, giving me about $400 or so below invoice price. When I got to dealer that same week, we found out that I didn't qualify for BMW's loyalty discount of 1% so that manager tried to compensate it by giving me more discount. Great thing was, he didn't have to say "gee, let me go talk to my manager about that...". He was the manager so he gave me the discount at the spot. After 20-30 email exchanges that laid out the details, all I had to do was go there and sign papers. Easiest and the most pleasant car sale I've ever had.
What part of Virginia are you located?

Thanks
Bruce
__________________
2013 335i xDrive, Mineral Grey, Sportline, Black/Red leather, Dynamic Handling, Shockware, Sport AT, Performance Tires, Increased Top Speed, Premium Pkg, Cold Weather Pkg, HK audio
2011 X3 35i, Titanium Silver, Black Nevada, Fineline Wave Wood, Premium, Technology, Cold Weather, Dynamic Handling, Sport Activity, 19" wheels, Premium Hi-Fi, Sat Radio
Reply With Quote
  #17  
Old 03-17-2011, 01:53 PM
Ibiza Ibiza is offline
Officially Welcomed to the 'Fest
Location: Charleston, SC
 
Join Date: Jun 2007
Posts: 302
Mein Auto: 15 F33 N55 & 15 F15 N63
The current money factor is 0.002 and less the 0.0003 BMWFS customer loyalty, the MF should be then be 0.0017.

With a 36 month lease the difference between $500 or $1000 over invoice is nil. The $500 difference, is only $210 extra amortized over the 36 month lease, which is an about an extra $6/month. This is based on a X3 xDrive35i 36 month/12,000 lease with a 3/2011 current residual of 58%, as your only paying for 42% of of the addition $500.

Thats why I feel I'd rather give the dealership its profit on the capital cost and rather marking up the money factor, since with the residual value I'm only going to pay less than half of the mark-up (in example 42%).

Dealerships can go below invoice and still make a profit as there is a value added bonus money from BMWNA, which I believe is aprox 5% of the base MRSP. Thats why there is a customer service survey from BMWNA after the car is purchased and these results factor into the percentage of the bonus payout to the dealership and SA.

I have seen the MF drop and residuals increase in the past from month to month. For example for my 2011 ED E93is, April 2010 (MF=0.0024;residual 55%) and when I took delivery in Sept 2010 the MF dropped to 0.0016 and residual increased to 61%.
__________________

"2 Countries (DE/USA), 2 Cars (435/X5), 1 ED/Welt (9/29), 1 PCD (10/3)"
2015 X5 50i M Sport- PCD (10/2014)
2015 435 Cabrio M-Sport ED (9/2014)- In transit
2011 X3 xDrive 35i M-Sport PCD (6/2011)
2011 335is Cabrio ED (9/2010)/PCD (12/2010)-Retired
2007 X3is PCD (1/2007)-Retired
2007 335i Cabrio PCD (6/2007)-Retired
2004 328i Cabrio PCD (3/2004)-Retired
BMW Driving Experience Tracks:
M Fascination Hockenheimring 2014
M Fascination Nordschleife 2012
Advanced M VIR 2011
BMWCCA
Reply With Quote
  #18  
Old 03-18-2011, 02:54 AM
M Power M Power is offline
Officially Welcomed to the 'Fest
Location: VA
 
Join Date: Jul 2002
Posts: 102
Send a message via AIM to M Power
Mein Auto: 2008 X5 4.8i
CliffJumper: I am not sure if that sales event is still going on. Last month around this time, most BMW dealer sites I went to had a banner about it. Anyone who's been BMWFS customer in last 6 month or so can enjoy extra 1% discount.

BruceOmega: Northern virginia.
__________________
2011 X3 35i
2008 X5 4.8i
2003 330xi -sold-
2001 X5 4.4i -sold-
2001 M5 -sold-
2001 M Roadster (SCed, Highly modified) -sold-
2000 M Roadster -sold-
1995 325is -sold-
Reply With Quote
  #19  
Old 03-29-2011, 11:37 AM
PickyBiker PickyBiker is offline
Registered User
Location: Austin, TX
 
Join Date: Mar 2011
Posts: 6
Mein Auto: 2011 X3
PickyBiker again

Well the quest for an x3 is over. Here's the deal we got on the one we ordered:
X3 xDrive35i
Alpine white exterior
Black Leather interior
Polished Aluminum trim
Sport Package
Power tailgate
MSRP or 45,125
Price paid, was 42,625 or a discount of $2500
I never did find out what the actual invoice was on that thing, but this price must be pretty darn close to it.

PickyBiker
Reply With Quote
Reply

Bookmarks

Tags
2011, cost, interest, price, x3


Forum Navigation
Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > X Series > X3 F25 (2011 - current)
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



Forum Jump


All times are GMT -7. The time now is 01:06 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
© 2001-2011 performanceIX, Inc. All Rights Reserved .: guidelines .:. privacy .:. terms