Should I buy?

[Michaelc82]

Question for all of you.. I've been looking at the X1 for a bit now and I think I'm leaning towards the sDrive28i with the M sport package... Love the sports seats, paddle shifter and steering wheel, and also like the better suspension.

A dealership here in Los Angeles located a dealer trade for me, and is offering me the following:

2014 X1 sDrive28i
M Sport
19" double spoke wheels
Alpine white
Black leatherette interior
Technology package
Heated seats

MSRP 39,325

Sale price: 37,751 (I think I can get it for 37,500 today if I go back)

Im thinking of leasing as well.. They want $3500 down.. At $500 a month with 15k miles per year.

Let me know your thoughts!

Thanks

[paradoxical3]

Originally Posted by Michaelc82

Question for all of you.. I've been looking at the X1 for a bit now and I think I'm leaning towards the sDrive28i with the M sport package... Love the sports seats, paddle shifter and steering wheel, and also like the better suspension.

A dealership here in Los Angeles located a dealer trade for me, and is offering me the following:

2014 X1 sDrive28i
M Sport
19" double spoke wheels
Alpine white
Black leatherette interior
Technology package
Heated seats

MSRP 39,325

Sale price: 37,751 (I think I can get it for 37,500 today if I go back)

Im thinking of leasing as well.. They want $3500 down.. At $500 a month with 15k miles per year.

Let me know your thoughts!

Thanks

That's a beyond terrible deal.

Unless you're forgetting some options (which I don't think you are based on leatherette) the real MSRP of that car is $38,075. The invoice price is $35,570 including destination and handling, MACO fee, and training service fee.

I would not pay more than $36,070 for that car. You can get these for $500 over invoice all day long.

They are raping you on the lease as well. Aside from the fact that you should never, never, never put money down on a lease, assuming $36070 capitalized cost with 6% tax, base money factor of .00127 and a 57% residual, you should be at $500 even per month with no down payment.

Negotiate up from invoice price, not down from MSRP.

www.bmwconfig.com is your friend for finding out the true invoice cost of your car.

[nostatic]

Originally Posted by paradoxical3

That's a beyond terrible deal.

Unless you're forgetting some options (which I don't think you are based on leatherette) the real MSRP of that car is $38,075. The invoice price is $35,570 including destination and handling, MACO fee, and training service fee.

I would not pay more than $36,070 for that car. You can get these for $500 over invoice all day long.

They are raping you on the lease as well. Aside from the fact that you should never, never, never put money down on a lease, assuming $36070 capitalized cost with 6% tax, base money factor of .00127 and a 57% residual, you should be at $500 even per month with no down payment.

Negotiate up from invoice price, not down from MSRP.

www.bmwconfig.com is your friend for finding out the true invoice cost of your car.

What part of the country are you located in? That influences things.

I just went through negotiations in socal on a similar car (ordered it, just north of $40K msrp). Quoted residual was lower than that iirc (15K/yr lease). I think the money factor was the same. Also, tax here is 9.5% (actually may be at 10% due to a new excise tax) so out of pocket ends up being a chunk of change.

Mine should show up early next month, maybe incentives will get better but I'm looking at $2K out of pocket and a little over $500/mo lease.

[paradoxical3]

Didn't realize tax was so high (that's ridiculous), however you shouldn't pay more than $500 above invoice regardless. And you should never put money down on a lease - it's flushed down the toilet if the car is totaled.

There are several sponsor dealerships on this site in CA that will give you no bullshit 10 second offers of $500 above invoice all day long. Steve Thomas is one of them.

I have a fully loaded M Sport 35i with every option except Harmon kardon. MSRP is like $48,000. $0 down and $609 lease including the $1300 BMW wheel and tire warranty (so my capitalized cost is over 49k), which accounts for about $40 per month if you do the math.

That's about a 12k difference in capitalized cost from the OP's car for $100 a month...with no money down. Granted, residual will drop a point for the 15k vs my 12k, but either way OP is getting shafted.

[Michaelc82]

Ok so I've priced it out on the BMW website, and on consumer reports.. The MSRP all matches up..

2014 X1 sDrive28i / M Sport / Technology Package / 19" Double Spoke Wheels / Black Leatherette / Heated Seats


MSRP is 39, 325

They've offered me 37,751 .. Dealer invoice is $36,780 ... I've offered them $37,200 plus including Roof Racks, but they shut me down. I think I can get the car for 37,550 w/o roof racks..

As for leasing.. I was approved last week at Audi for a Q5.. The sales people pressured me hard, and I'm glad now that I didn't buy it. The X1 is what I want. My credit is "light" I have a fico of 711 with an auto enhanced credit of 634 which is what the finance manager told.. Hard to believe it's so low. But I've never financed a car before, always paid cash for them.


I'm open to the higher Down payment since I have "light credit" so not so worried about dropping 3k or so if that means I can get a lease. Just want to know if my lease plan is legit for SOCAL.


They are giving me a residual of 57% for 15k miles per year.


Also for your reference, I am dealing with Beverly Hills BMW.. Not sure if you guys have had experience with them? They have pretty bad YELP reviews which I just found out about.

[Michaelc82]

Also the Salesmen at the dealer is telling me I can use 89 gas in the X1 sDrive... Is this true? He claims it's no problem.

[Michaelc82]

Originally Posted by nostatic

What part of the country are you located in? That influences things.

I just went through negotiations in socal on a similar car (ordered it, just north of $40K msrp). Quoted residual was lower than that iirc (15K/yr lease). I think the money factor was the same. Also, tax here is 9.5% (actually may be at 10% due to a new excise tax) so out of pocket ends up being a chunk of change.

Mine should show up early next month, maybe incentives will get better but I'm looking at $2K out of pocket and a little over $500/mo lease.

I'm located in Los Angeles.. I've been thinking about ordering exactly what I want as Im having a hard time finding the specific car..

Ideally I would like a Black x1 m-sport with beige leatherette..

[paradoxical3]

Originally Posted by Michaelc82

Ok so I've priced it out on the BMW website, and on consumer reports.. The MSRP all matches up..

2014 X1 sDrive28i / M Sport / Technology Package / 19" Double Spoke Wheels / Black Leatherette / Heated Seats

No it doesn't. I'm on the website right now. $38,075 is MSRP. You're getting very ripped off unless you're not telling us an option. When you choose Alpine white you save $500 and when you choose leatherette you save money.

MSRP is $30,800
M Sport is $300
19 Wheels are $600
Tech package is $2,250
Heated Seats are $500
Destination and Handling $925

$38,075 MSRP. $35,570 invoice.

You're getting ripped off.

But hey, it's your money.

EDIT: You are using the configuration wrong. If you spec out the X DRIVE version it comes out to $39,275. You must be doing that. The sDrive is significantly cheaper.

[Michaelc82]

Originally Posted by paradoxical3

No it doesn't. I'm on the website right now. $38,075 is MSRP. You're getting very ripped off unless you're not telling us an option. When you choose Alpine white you save $500 and when you choose leatherette you save money.

MSRP is $30,800
M Sport is $300
19 Wheels are $600
Tech package is $2,250
Heated Seats are $500
Destination and Handling $925

$38,075 MSRP. $35,570 invoice.

You're getting ripped off.

But hey, it's your money.

EDIT: You are using the configuration wrong. If you spec out the X DRIVE version it comes out to $39,275. You must be doing that. The sDrive is significantly cheaper.

I forgot to mention the MOONROOF Option.. That's $1250 making the MSRP $39,325 ...


If I can get this for $37,400 I'm thinking that's a fairly decent deal.. This car is HARD to come by.. And I want to avoid special ordering it if possible.

That's $620 over dealer invoice.. They are also doing a dealer trade to get this.. (They won't tell me which dealer has it) and I'm unable to use their system to search for it.


Now onto the lease, how do I hard ball them on this one? This is my first BMW and I definitely want to SAVE.. I don't want to waste money here just because I want the car.

[paradoxical3]

Originally Posted by Michaelc82

I forgot to mention the MOONROOF Option.. That's $1250 making the MSRP $39,325 ...


If I can get this for $37,400 I'm thinking that's a fairly decent deal.. This car is HARD to come by.. And I want to avoid special ordering it if possible.

That's $620 over dealer invoice.. They are also doing a dealer trade to get this.. (They won't tell me which dealer has it) and I'm unable to use their system to search for it.


Now onto the lease, how do I hard ball them on this one? This is my first BMW and I definitely want to SAVE.. I don't want to waste money here just because I want the car.

$620 over invoice isn't terrible; that's much more reasonable.

For the lease, it's all about cap cost and money factor. So as long as you make sure you have the base money factor and that they are not jacking up the capitalized cost with bullshit fees, theoretically we should all be able to get similar leases at different dealers.

[paradoxical3]

I do have to mention though...if you want the moonroof I think it would be foolish not to get a loaded X1 since it's included in the premium package.

If you get the sdrive 28i with the Ultimate package (which includes real leather seats, the moonroof, tech package, premium package, etc) for only $1000 more. That will more than make up for itself at resale if you decide to keep the car. Invoice price is like 38k on that. Seems to not make sense to get a car with practically no options for $37,400 when you can spend $1000 more and get the top of the line one.

I can't imagine spending $37,000 on a car and not getting leather seats or a garage door opener, or many of the other creature comforts that modern cars have.

[nostatic]

Originally Posted by paradoxical3

I can't imagine spending $37,000 on a car and not getting leather seats or a garage door opener, or many of the other creature comforts that modern cars have.

Different strokes. I prefer the leatherette and I had to order a vehicle as I *hate* sunroofs. Pretty much impossible to find one without sunroof unless it is the base model.

[nostatic]

Originally Posted by Michaelc82

Also for your reference, I am dealing with Beverly Hills BMW.. Not sure if you guys have had experience with them? They have pretty bad YELP reviews which I just found out about.

I think it depends on the salesperson. I'm working with Santa Monica which also has some bad reviews (mostly for service). First time on the lot I got a guy who wasn't great. Second time I ran into the right guy who has been great so far. Highly recommended - let me know if you want his contact info.

[Michaelc82]

Originally Posted by paradoxical3

I do have to mention though...if you want the moonroof I think it would be foolish not to get a loaded X1 since it's included in the premium package.

If you get the sdrive 28i with the Ultimate package (which includes real leather seats, the moonroof, tech package, premium package, etc) for only $1000 more. That will more than make up for itself at resale if you decide to keep the car. Invoice price is like 38k on that. Seems to not make sense to get a car with practically no options for $37,400 when you can spend $1000 more and get the top of the line one.

I can't imagine spending $37,000 on a car and not getting leather seats or a garage door opener, or many of the other creature comforts that modern cars have.

Yeah I could care less about Leather seats.. I surf quite a bit, and leather seats aren't ideal if I they're getting wet all the time. Leatherette is far more superior from a sport point of view.. Especially if it's getting sand, mud etc. on it.


I can live without all the all the other bells and whistles.. aka power seats. I just care about the suspension, having a rear view cam, a paddle shift steering wheel, and 19" wheels!


Different strokes for different folks indeed.. and this is why I'm leasing That car isn't the most common out there.

[Michaelc82]

Alright, I just got them to 37,551 ... That's $771 over Dealer invoice. I've been trying to get them to include roof racks but they are not budging on this....

I have had a hell of a time finding any car close to this, so I think I'm going to swoop in on it..

Going in later this afternoon to seal the deal. I am a little hesitant still with it being Beverly Hills BMW, and their YELP rating being so LOW on the service side of things.

We'll see.

[Michaelc82]

Originally Posted by nostatic

I think it depends on the salesperson. I'm working with Santa Monica which also has some bad reviews (mostly for service). First time on the lot I got a guy who wasn't great. Second time I ran into the right guy who has been great so far. Highly recommended - let me know if you want his contact info.

Hey there, Yeah send me his contact info.. Both Santa Monica BMW and Bev Hills BMW look like they have HORRIBLE reviews.. WTF is up with that?

[Red Bread]

Originally Posted by Michaelc82

Alright, I just got them to 37,551 ... That's $771 over Dealer invoice. I've been trying to get them to include roof racks but they are not budging on this....

I have had a hell of a time finding any car close to this, so I think I'm going to swoop in on it..

Going in later this afternoon to seal the deal. I am a little hesitant still with it being Beverly Hills BMW, and their YELP rating being so LOW on the service side of things.

We'll see.

You can get service at any BMW dealer, they all get reimbursed the same way for warranty maintenance.

[Lucky13]

I can't tell what price to pay but as someone said don't put money down on a lease. I have leased at least 6-7 BMW's and never put money down just a security deposit of around $500 deposit.

[paradoxical3]

One tip - I would consider the wheel and tire warranty if you're going with the 19's. I used it twice within 6 months already on my car. If I didn't have it the tires would have cost $450+ mounting since they were the fatter rear tires. You can usually negotiate it down a bit.

So basically, within 6 months the wheel and tire warranty already paid for itself.

[Grovsnus]

Originally Posted by Michaelc82

Also the Salesmen at the dealer is telling me I can use 89 gas in the X1 sDrive... Is this true? He claims it's no problem.

Yes, you can, but the computer will then adjust the ignition to avoid engine knocks, and you'll get less complete burning, and use more fuel.
The only reason I could think of where filling with 89 instead of 91 makes sense is if 91 has a higher AKI because of higher ethanol content, but decent fuel suppliers don't do that.

[Grovsnus]

Originally Posted by paradoxical3

One tip - I would consider the wheel and tire warranty if you're going with the 19's. I used it twice within 6 months already on my car. If I didn't have it the tires would have cost $450+ mounting since they were the fatter rear tires. You can usually negotiate it down a bit.

So basically, within 6 months the wheel and tire warranty already paid for itself.

Speaking of... After around 3000 miles on summer tires, I'm starting to see wear on the rears. Is that fairly common?
I would have hoped to only switch them every other year, but at this rate, they won't last past fall.
(P7 PST, by the way)

[paradoxical3]

Originally Posted by Grovsnus

Speaking of... After around 3000 miles on summer tires, I'm starting to see wear on the rears. Is that fairly common?
I would have hoped to only switch them every other year, but at this rate, they won't last past fall.
(P7 PST, by the way)

No way, that's really strange. I have about 12,000 miles on my P Zero's and they easily have another 10,000 on them. And this includes many drag strip runs and AGGRESSIVE driving (I'm making about 430lbft torque). You may be eligible for the manufacturer's tire warranty, if there is one on your tires.