Considering a 2013 535xi -Thoughts appreciated

Reposting due to flub of subject line (could not find out how to delete since I am a newbie).

Hi - I am new here and am considering upgrading my 2009 335xi to a new 535xi. Different ride but I spend a lot of time traveling and I think the 5 series are incredibly smooth.

I wanted to hear people's perspectives on the cost of the car and the lease term.

The car I am looking at is equipped as follows:

Carbon Black Metallic (love it)/Black dakota

Packages:
Cold weather
Driver Assistance
M Sport
Premium
Technology
Sport Automatic Transmission
Multi-contour seats (a must for the amount of time I spend in my car)
Premium hi fi

Suggested price is $69,570 and the dealer is offering it to me for $66k. Thoughts? (I did complete the test drive and have a $1000 credit so that is included).
Also considering a 39 month lease versus a 36 month lease (its actually "owner's choice" since I am in Chicago).
Thoughts are appreciated. I have always bought before so this is new to me. Thanks in advance.

Nappa leather, it's only another $1k.

Build it out at bmwconfig and send to dealers and see who will get the closest to invoice.

Thanks for the suggestion. Do we have a sense of the ballpark of what invoice is?

For example I see i xDrive 4dr All-wheel Drive Sedan
$55,400- MSRP
$51,150- Invoice

But not sure how the added cost of the packages impact that since it adds $14k in my case. Thanks for any insight!

Try truecar for invoice price.

Originally Posted by Dizzy72

Thanks for the suggestion. Do we have a sense of the ballpark of what invoice is?

For example I see i xDrive 4dr All-wheel Drive Sedan
$55,400- MSRP
$51,150- Invoice

But not sure how the added cost of the packages impact that since it adds $14k in my case. Thanks for any insight!

you can select the exact option packages

http://www.bmwconfig.com/BmwConfig/Config.aspx

Wow just did bmwconfig and the invoice was $64,150. What a great tool. Is it considered pretty accurate?

I can't imagine my dealer would price much lower than $66k for this vehicle. Are the suburbs better on this point?

Also these loyalty incentives etc. do those flow back from BMW to the dealer?

Thanks again for the responses.

Originally Posted by Dizzy72

Wow just did bmwconfig and the invoice was $64,150. What a great tool. Is it considered pretty accurate?

I can't imagine my dealer would price much lower than $66k for this vehicle. Are the suburbs better on this point?

Also these loyalty incentives etc. do those flow back from BMW to the dealer?

Thanks again for the responses.

Invoice price is about 8% off the MSRP. You should be able to get invoice pricing plus an additional $1000 for the drive for USA event.

Does this really happen though? Strikes me as aggressive especially for big city dealers but this is really helpful for me to realize I am not getting such a great deal!

Send them the completed bmwconfig spreadsheet with your option choices and say "I'll give you $500 over the invoice price"

D4USA is out unless you actually participated in it back before the Olympics........

$750 prior customer is still good as well as $1k back from BMWCCA (go ahead and punch yourself IN THE FACE if you aren't already a BMWCCA member)

Originally Posted by Keyser Soze

Nappa leather, it's only another $1k.

Build it out at bmwconfig and send to dealers and see who will get the closest to invoice.

I would caveat this -

Go to the dealership and check out both. I actually don't like the feel of the Nappa leather.

Now the Novilla in the M's...that is REALLY nice.

I would punch myself in the balls if I actually had them.

Sorry about that. DERP *punches himself*

Originally Posted by Dizzy72

Does this really happen though? Strikes me as aggressive especially for big city dealers but this is really helpful for me to realize I am not getting such a great deal!

Sure, it happens all the time. For example, I bought my 2012 535xi in May this year and I got about $2000 below invoice and I didnt even have the $1000 BMW drive for USA credit. However, BMW did have a $2500 option credit at that time. I believe currently, there is a $750 loyalty bouns if you qualify. My guess is that you will start to see some option credit available for the 2013 5 series in a couple of months if you can wait that long. Good Luck.

Originally Posted by Keyser Soze

Send them the completed bmwconfig spreadsheet with your option choices and say "I'll give you $500 over the invoice price"

Totally agree. I went with the $300 over invoice offer (on a 2013 ordered in August) and got that. Plus, I have the $1K Ride and Drive credit so my effective price is less than invoice.

Dizzy, in Chicago, you should absolutely be able to do better than the $66K being offered to you.

Oh, and Dizzy, bmwconfig is accurate, but you have to add the MACO (regional advertising fee) to get the true invoice. MACO should be around $400, so if bmwconfig spit out $64,150, "true invoice" should be around $64,550.