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      05-05-2013, 07:55 AM   #1
vjsarthy
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Am I getting a good deal on a new 2014 X1?

I sold my 2006 325i yesterday and I am looking to buy the new 2014 x1 s28i.

I test drove one yesterday, but did not have the right options I needed. I was told that I can build one online and it will take 5-8 weeks to get it delivered.

The dealer offered me 5% off on the "built" MSRP and another $750 since I owned a BMW before.

I was wondering if anyone who had previous experience on the 5% discount part and if that's the best I can get or is there anyone who has got more than that?


Also on a side note it looks like the iDrive system is standard on the 2014 X1. Can someone confirm?
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      05-05-2013, 09:53 AM   #2
edx1
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Invoice is about 7% below MSRP and most dealers like 2%-4% (or more) profit. The $750 discount comes from BMWNA, not your dealership, so that's a freebie for them to offer. You can use bmwconfig.com to see your exact invoice for your car (*note* my build isn't possible with bmwconfig because that tool is a little broken for some X1 options, but you can manually calculate the price based on individual invoice option price info). Most people consider $500 over invoice a very aggressive offer, however there have been reports even below that. There will also be the bmw 2013 drive incentive, check the ask-a-dealer forum for information on that (extra $1k off).
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      05-05-2013, 10:02 AM   #3
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Price depends on where you are too. Around me 5% off would be a great deal as we've only go 2 small volume dealers within a 2 hour radius. You might do better than that in an area that has multiple high-volume dealerships, but I would imagine that's probably pretty good either way.

As a reference, I just ordered my 2014 custom-built X1 using the military overseas program and got 6.2% off MSRP, so 5% is probably a pretty decent deal.
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      05-05-2013, 10:15 AM   #4
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Quote:
Originally Posted by vjsarthy View Post
I test drove one yesterday, but did not have the right options I needed. I was told that I can build one online and it will take 5-8 weeks to get it delivered.

The dealer offered me 5% off on the "built" MSRP and another $750 since I owned a BMW before.

I was wondering if anyone who had previous experience on the 5% discount part and if that's the best I can get or is there anyone who has got more than that?


Also on a side note it looks like the iDrive system is standard on the 2014 X1. Can someone confirm?
iDrive is not standard, you must order the tech package to get it.

Negotiate on invoice pricing. $500 over invoice before incentives should be your goal. Some have gotten deals better than that, but it is rare.
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      05-05-2013, 12:21 PM   #5
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Quote:
Originally Posted by nospam View Post
iDrive is not standard, you must order the tech package to get it.

Negotiate on invoice pricing. $500 over invoice before incentives should be your goal. Some have gotten deals better than that, but it is rare.
This. I just picked up my custom ordered 14 for 500 over invoice BEFORE applying the USAA rebate ($1,500.00). The price was agreed to when I placed the order in February. You should be able to do better with a car on the lot that they are trying to move.

If the dealer in Vegas doesn't want to budge, I would email some of the LA area dealers, as getting 500 over invoice is pretty easy to do in that area.
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      05-05-2013, 01:21 PM   #6
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Quote:
Originally Posted by Itsed65
Quote:
Originally Posted by nospam View Post
iDrive is not standard, you must order the tech package to get it.

Negotiate on invoice pricing. $500 over invoice before incentives should be your goal. Some have gotten deals better than that, but it is rare.
This. I just picked up my custom ordered 14 for 500 over invoice BEFORE applying the USAA rebate ($1,500.00). The price was agreed to when I placed the order in February. You should be able to do better with a car on the lot that they are trying to move.

If the dealer in Vegas doesn't want to budge, I would email some of the LA area dealers, as getting 500 over invoice is pretty easy to do in that area.
+1

I got 350 over invoice before factory rebates.
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      05-05-2013, 02:26 PM   #7
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Garage List
Sites like truecar.com , bmwconfig.com , and edmunds.com are great resources for invoice versus MSRP.
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      05-05-2013, 04:11 PM   #8
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Thanks everyone for your suggestions/comments.

I built a basic sport line X1 with heated and power seats for reference. In NADA it comes out to be $32,500 for the invoice and $35090 for the MSRP and the MSRP is little different in BMW website since the destination fee is $30 off between BMW and NADA. So I am ignoring it.

So applying 5% discount on 35,090, I get $33,335. So that will be $835 more than invoice of $32,500.

Based on few comments, it looks like I am off only by $335 since $500 is the best one can do more than the invoice. If I push for 6%, then I could get $500 more than invoice and also throw in the $750 loyalty and that should get me a pretty good deal!
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      05-05-2013, 04:16 PM   #9
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Quote:
Originally Posted by vjsarthy View Post
Thanks everyone for your suggestions/comments.

I built a basic sport line X1 with heated and power seats for reference. In NADA it comes out to be $32,500 for the invoice and $35090 for the MSRP and the MSRP is little different in BMW website since the destination fee is $30 off between BMW and NADA. So I am ignoring it.

So applying 5% discount on 35,090, I get $33,335. So that will be $835 more than invoice of $32,500.

Based on few comments, it looks like I am off only by $335 since $500 is the best one can do more than the invoice. If I push for 6%, then I could get $500 more than invoice and also throw in the $750 loyalty and that should get me a pretty good deal!
That should be pretty good also keep in mind the MACO, training fee and destination are also part of the invoice price. MACO and training fees are usually 300-600. Destination is 895 I think..
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      05-06-2013, 02:53 AM   #10
anelson86
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Quote:
Originally Posted by aramosc View Post
That should be pretty good also keep in mind the MACO, training fee and destination are also part of the invoice price. MACO and training fees are usually 300-600. Destination is 895 I think..
Destination just got upped to $925 in the last few weeks (hence the $30 difference between NADA and BMW).
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      05-06-2013, 06:42 PM   #11
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Quote:
Originally Posted by vjsarthy View Post
I sold my 2006 325i yesterday and I am looking to buy the new 2014 x1 s28i.

I test drove one yesterday, but did not have the right options I needed. I was told that I can build one online and it will take 5-8 weeks to get it delivered.

The dealer offered me 5% off on the "built" MSRP and another $750 since I owned a BMW before.

I was wondering if anyone who had previous experience on the 5% discount part and if that's the best I can get or is there anyone who has got more than that?


Also on a side note it looks like the iDrive system is standard on the 2014 X1. Can someone confirm?
I will only say a couple things:

You get screwed in Las Vegas. There are no consumer laws and dealers think you won't travel to the next city/state to pick one up.

Personally, we currently sell 2013 for back of invoice and 2014 $500 over invoice.

Good luck!
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