Automotive

BMW questions and answers

Member
Mar 15, 2004
415 posts
16 upvotes
@booblehead

There is demo x3 with 10k km, what would you say a decent discount would be? I'm thinking 12%. I was offered 8% for one with 3k km. If getting demo, should warranty be applicable from the day it was put in use by the dealer or from the sale date?
Deal Expert
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Jul 30, 2007
26373 posts
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Toronto
12% without pdi/freight would be a decent buy. That is likely an employee and/or daily loaner. Better ask to find out the orig. usage first. If daily loaner, I would kind of shy away , if you are buying. Too much abuse by hundreds of drivers and who knows what kind of gas they put in.

The warranty would start from in service date.
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Jan 14, 2007
3062 posts
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GTA
Tik wrote: @booblehead

There is demo x3 with 10k km, what would you say a decent discount would be? I'm thinking 12%. I was offered 8% for one with 3k km. If getting demo, should warranty be applicable from the day it was put in use by the dealer or from the sale date?
As booblehead mentioned, the warranty starts from the in service date, as does the 4 years of prepaid service, so keep that in mind.
Member
Mar 15, 2004
415 posts
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i'm back to drawing board! Received a quote last night for x3, residual is now at 46%, last month it was at 49%.
Deal Expert
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Jul 30, 2007
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Yikes ! and no factory credit either. that's real bad.

Looks like no credit for the 30i. there is a $1000 credit for the M40i. weird.
Last edited by booblehead on May 2nd, 2018 11:15 am, edited 1 time in total.
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Jan 14, 2007
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GTA
Tik wrote: i'm back to drawing board! Received a quote last night for x3, residual is now at 46%, last month it was at 49%.
Is that for a 48 month lease? If so, doesn't the reduction in lease rate offset the residual?
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Jul 30, 2007
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The_Professor wrote: Is that for a 48 month lease? If so, doesn't the reduction in lease rate offset the residual?
interest rate is unchanged from before. 3.9%.
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Jan 14, 2007
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booblehead wrote: interest rate is unchanged from before. 3.9%.
Actually, the rate for a 48 month lease was over 7% in April, and has now been dropped to 3.9% for May.
Member
Dec 8, 2009
345 posts
58 upvotes
How close the monthly payment can be between X3 and X5 on $0 down 48 mo lease. X3 is in first year of new generation and X5 is in last year of old generation. Is it wise to choose X5 if the monthly payment gap is small enough?
Member
Mar 27, 2012
306 posts
135 upvotes
britelzg wrote: How close the monthly payment can be between X3 and X5 on $0 down 48 mo lease. X3 is in first year of new generation and X5 is in last year of old generation. Is it wise to choose X5 if the monthly payment gap is small enough?
It all depends on the way the vehicles are optioned. A base X5 is about the same price as a fully loaded X3. The X5 is a great vehicle and still very relevant in its current generation, if you're comfortable with the price gap I would pull the trigger. Just remember to factor in getting snow tires on the X5 especially if you get the M package.
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Jul 30, 2007
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britelzg wrote: How close the monthly payment can be between X3 and X5 on $0 down 48 mo lease. X3 is in first year of new generation and X5 is in last year of old generation. Is it wise to choose X5 if the monthly payment gap is small enough?
X3 M40 - base + Prem enhanced - MSRP $68,000
48 months
20,000km per year
3.9%
48% residual per bmw.ca
$0 down
No ewt protection selected
$3100 fees all rolled into payment
target 6% off
$1000 factory credit

Projected monthly - $856 + taxes = OTR


X5 35 - base + msport line + Prem enhanced - MSRP $80,850
48 months
20,000km per year
3.9%
48% residual per bmw.ca
$0 down
No ewt protection selected
$3100 fees all rolled into payment
target 6% off
$2000 factory credit
Projected monthly - $986 + taxes = OTR
* without Msport line, then it is $938 + taxes = OTR

Projected difference between the two - ($130 + taxes ) * 48 months. If you are in Ontario, then you are looking at around $7,000 over 4 yrs.
*without Msport line, the difference would be $4,450 over 4 yrs.
Member
Dec 8, 2009
345 posts
58 upvotes
That's cool. Thanks 'booblehead'. Sorry not to mention similarly packaged model. Factory credit is only $1000 difference. Much less than I expect. Also is it realistic to target 6% off on X3?
Deal Expert
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Jul 30, 2007
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why not ? It is doable but will take some harder negotiation. Just watch out the add on bogus fees though which can amount to like $500+ easily
Newbie
Jun 20, 2008
72 posts
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do you guys think it's worth to get the tire and rim protection especially for a m4 with the 20 inch wheel from the competition package? the finance manager is very adamant about getting it for the m cars
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Jul 30, 2007
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It’s a peace of mind plan. If you drive in lots of rough roads and track your car, then I say do consider it.

You do have to read the fine prints though on coverage excluded, max claim allowed in any one year, etc.

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