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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 04-14-2014, 05:18 PM
angih angih is offline
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Location: Denver
 
Join Date: Apr 2014
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Mein Auto: X3
Rate my deal - 2014 X3

I am shopping 3 local BMW dealers (there are 4 nearby)

One is offering $4k off MSRP

One is a SonicAutomotive dealership that doesn't negotiate on pricing - but have $4k - $7k off of MSRP shown on their website

And another is offering "$1,000 over invoice minus the $2000 contribution from BMW making your price invoice minus $1,000. In addition you will be credited for the $1,000 rebate certificate for the Drive Event."

I have a 2011 X3 to trade in with 25k miles - best offer is $28k trade in so far.

Would love suggestions on 1) trade in and 2) best I can hope for for an 2014 deal.

Many thanks in advance.
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  #2  
Old 04-14-2014, 06:27 PM
Masterx5 Masterx5 is offline
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Mein Auto: 2011 x3 3.5i
Just curious why are you trading in 2011 x3? any issues with it. If you have to trade it then why not go for newest one 2015?
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  #3  
Old 04-14-2014, 06:56 PM
Want the Thrill Want the Thrill is offline
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Mein Auto: 2011 X3 35i
Agree. Why would you trade a 2011 for a 2014? Makes no sense. I would sell your X3 outright and get better than $28K for it. Sounds low unless its a bare bones 28i you are getting rid of.
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  #4  
Old 04-14-2014, 07:17 PM
angih angih is offline
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Location: Denver
 
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Quote:
Originally Posted by Masterx5 View Post
Just curious why are you trading in 2011 x3? any issues with it. If you have to trade it then why not go for newest one 2015?
@masterx5 - my car is in perfect condition - I love it! but the lease is due this month. If I wasn't leasing it the thought of getting a new car would not have entered my mind. With the RSV at ~$24k I can buy it and trade it in - I feel I can get the best trade-in value for it now with under 25k miles at $28k, and I feel I can get the best value on a 2014 vs. a 2015. Let me know if you think I am on track. Thanks!
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  #5  
Old 04-14-2014, 07:19 PM
angih angih is offline
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Location: Denver
 
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Quote:
Originally Posted by Want the Thrill View Post
Agree. Why would you trade a 2011 for a 2014? Makes no sense. I would sell your X3 outright and get better than $28K for it. Sounds low unless its a bare bones 28i you are getting rid of.
My 2011 lease is up or I wouldn't even be thinking about getting rid of it. Perfect condition, low miles. Yes, bare bones package. My thinking is that I will get more for it now with low miles ($24k rev, $28k trade-in), and there are deals to be had on 2014s. Appreciate your suggestions. Thanks!
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  #6  
Old 04-14-2014, 07:45 PM
Bmwlvr60 Bmwlvr60 is offline
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Plenty of great deals for 2014s. 2015s are on their way.
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  #7  
Old 04-15-2014, 02:37 AM
Aness2323 Aness2323 is offline
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Location: Charlotte
 
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One thing to check into is the trade in vs. buying with regards to sales tax. I traded in my last car on a 2014 and for some reason this really lowered my taxable amount vs. selling it at carmax and bringing them the 2k equity to put down. Someone else may know this better and chime in.
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  #8  
Old 04-15-2014, 05:06 AM
dudley07726 dudley07726 is offline
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Quote:
Originally Posted by Aness2323 View Post
One thing to check into is the trade in vs. buying with regards to sales tax. I traded in my last car on a 2014 and for some reason this really lowered my taxable amount vs. selling it at carmax and bringing them the 2k equity to put down. Someone else may know this better and chime in.
There is a very good reason for it. You buy a car for $45k, trade in a car for $25k, you pay tax on $20k. NJ and NY do this as well. I believe that CA does not. In Ca you will pay tax on the full $45k.
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  #9  
Old 04-15-2014, 05:24 AM
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swood02 swood02 is offline
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Rate my deal - 2014 X3

Quote:
Originally Posted by dudley07726 View Post
There is a very good reason for it. You buy a car for $45k, trade in a car for $25k, you pay tax on $20k. NJ and NY do this as well. I believe that CA does not. In Ca you will pay tax on the full $45k.

It works this way in MD also, dunno about CO tho.


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Last edited by swood02; 04-15-2014 at 05:25 AM.
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  #10  
Old 04-15-2014, 06:11 AM
The X Men The X Men is online now
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Location: MA
 
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Mein Auto: 2012 535xi 2013 X3 35i
Quote:
Originally Posted by angih View Post
I am shopping 3 local BMW dealers (there are 4 nearby)

One is offering $4k off MSRP

One is a SonicAutomotive dealership that doesn't negotiate on pricing - but have $4k - $7k off of MSRP shown on their website
$4K to $7K off msrp is not too bad, that is if there is an additional $2000 incentive from BMW on top of that.
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  #11  
Old 04-15-2014, 06:29 AM
Aness2323 Aness2323 is offline
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Location: Charlotte
 
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For me in NC the lower sales tax was more than the equity I made if selling it and bringing in cash with the reg price. You need to calculate it both ways. Like I said in your other post, trade in's are never straight forward. Most dealers are shady. Mine admitted to me after the deal that the equity I got (1300) in my trade in was not real. It was actually money out of their profit margin. They just said they were matching carmax's offer to make the deal happen there and now, without me leaving. Always neg car price before taking trade in. I was so eager to get the car that I fell for it and it cost me about 2600$ off the price. It was my first time ever driving a BMW and I was hooked immediately. ***55357;***56832;
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  #12  
Old 04-15-2014, 11:14 AM
PFol310 PFol310 is offline
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Quote:
Originally Posted by dudley07726 View Post
There is a very good reason for it. You buy a car for $45k, trade in a car for $25k, you pay tax on $20k. NJ and NY do this as well. I believe that CA does not. In Ca you will pay tax on the full $45k.
If leasing in Cali you pay sales tax monthly not up front. If you buy yes you pay sales tax for full amount
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  #13  
Old 04-15-2014, 03:13 PM
Masterx5 Masterx5 is offline
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Location: PA
 
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Posts: 212
Mein Auto: 2011 x3 3.5i
Quote:
Originally Posted by angih View Post
@masterx5 - my car is in perfect condition - I love it! but the lease is due this month. If I wasn't leasing it the thought of getting a new car would not have entered my mind. With the RSV at ~$24k I can buy it and trade it in - I feel I can get the best trade-in value for it now with under 25k miles at $28k, and I feel I can get the best value on a 2014 vs. a 2015. Let me know if you think I am on track. Thanks!
You are in tough spot. I don't lease cars and so I can not tell you about it. Selling you car can give in more money but then you need to factor in if you get enough tax advantage to offset that lower trade in value. We, in PA, only pay taxes on net money owed to dealers.
If you don't care about the new model then this is the best time to shop for 2014. Good luck!
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  #14  
Old 04-15-2014, 03:41 PM
jayzee9 jayzee9 is offline
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Location: Austin
 
Join Date: Jan 2008
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Mein Auto: 2008 650i Convertible
$1000 for drive event

How do I sign up for that? Is this the i3 drive event or something else? Is it still active and applies to any car?

Thanks
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  #15  
Old 04-15-2014, 07:39 PM
angih angih is offline
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Location: Denver
 
Join Date: Apr 2014
Posts: 13
Mein Auto: X3
Quote:
Originally Posted by jayzee9 View Post
How do I sign up for that? Is this the i3 drive event or something else? Is it still active and applies to any car?

Thanks
It was a local BMW xDrive event "1000 reasons to experience xDrive" - 1 of the 4 local dealerships let me know about it. Maybe google it for your area?
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  #16  
Old 04-22-2014, 11:47 AM
RaisinCain27 RaisinCain27 is offline
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Location: Hillsdale, NJ
 
Join Date: Apr 2014
Posts: 43
Mein Auto: Hoping for an X3
I am test driving a 2014 M sport on Saturday. The vehicle is stickered at $57,500, and I'm thinking if I can get it for $50,000 even I may be driving it home soon afterwards. I was hoping to do a bit better than that but it is amazing how poorly equipped the X3s are at dealers in Northern NJ. Lots of 28is on dealer lots, very few M sports, etc.
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