X5 Discount

Author
Discussion

whoami

Original Poster:

13,151 posts

239 months

Thursday 29th January 2015
quotequote all
Considering an X5 30d M Sport. Having spoken to a couple of dealers, the situation regarding price/discount is confused.

Does anyone have any recent experience of doing a similar deal and what was the outcome?

Darlo74

279 posts

208 months

Friday 30th January 2015
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Went into my local dealer today to talk money on an X5 4.0d.

He could give me £750 BMW contribution discount (not available on 3.0d) plus an extra £1k - so £1,750 in total. I think the 3.0d is more popular so probably harder to get a discount on.

Finance rates were rubbish - he started at 10.8% and came down to 8.3%.

whoami

Original Poster:

13,151 posts

239 months

Saturday 31st January 2015
quotequote all
I did better than that on the discount front but am still convinced that there is more that can be done.

Also, don't fall for the "these are hard to get" angle from the dealer.

I was initially told that it was a c4 month lead time from placing the order and pointed towards a nearly new ex-BMW management car.

When I told the guy that I would probably prefer a new one but didn't want to wait 4 months, magically a build slot and delivery for March appeared.

hajaba123

1,302 posts

174 months

Saturday 31st January 2015
quotequote all
Darlo74 said:
Went into my local dealer today to talk money on an X5 4.0d.

He could give me £750 BMW contribution discount (not available on 3.0d) plus an extra £1k - so £1,750 in total. I think the 3.0d is more popular so probably harder to get a discount on.

Finance rates were rubbish - he started at 10.8% and came down to 8.3%.
Is that new or used?

gizlaroc

17,251 posts

223 months

Saturday 31st January 2015
quotequote all
There is between 8-12% off list on a new X5 through the brokers, advertised all over the net, if your dealer won't match this just order through a broker.

http://www.broker4cars.co.uk/Buy/New_Car.jsp?cap=B...

Darlo74

279 posts

208 months

Saturday 31st January 2015
quotequote all
hajaba123 said:
Is that new or used?
This was on a new one. I'll not be buying from them if that's the best they can do... As someone's said they're are loads of better offers from brokers.

Helicopter123

8,831 posts

155 months

Saturday 31st January 2015
quotequote all
If they won't match the broker prices then just order through a broker, and then get someone like Oracle to do the finance. You will get the same car cheaper, with a more competitive finance rate.

Also, wait until the snow has gone before you order...

Technomad

753 posts

162 months

Saturday 31st January 2015
quotequote all
Helicopter123 said:
If they won't match the broker prices then just order through a broker, and then get someone like Oracle to do the finance. You will get the same car cheaper, with a more competitive finance rate.

Also, wait until the snow has gone before you order...
+1 - we bought our first X5 in December 2010 - looked at the ad, arranged to come and see it and, in the intervening three days, 50cm of snow fell. When we arrived at the dealer, £2k had magically been stuck on the price, along with a claim that I must have been misremembering the advert. Until I produced the screenshot… …BMW main dealers are as big a bunch of sharks as any other dealer - get any offer in writing and make sure you've specified every possible term and condition, again in writing.

worsy

5,776 posts

174 months

Monday 2nd February 2015
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I got 5.9% on finance and 9% off a heavily spec'd 40d in July.

Cheib

23,110 posts

174 months

Monday 2nd February 2015
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worsy said:
I got 5.9% on finance and 9% off a heavily spec'd 40d in July.
I'd say that was an excellent deal back in July.

worsy

5,776 posts

174 months

Monday 2nd February 2015
quotequote all
Cheib said:
worsy said:
I got 5.9% on finance and 9% off a heavily spec'd 40d in July.
I'd say that was an excellent deal back in July.
It was from a dealer I had used previously (local) but had since moved 200 miles away. I basically said here is a spec, this is what I want, I wouldn't walk in off the street so it's a number for you that you wouldn't have had previously.

Darlo74

279 posts

208 months

Monday 2nd February 2015
quotequote all
worsy said:
Cheib said:
worsy said:
I got 5.9% on finance and 9% off a heavily spec'd 40d in July.
I'd say that was an excellent deal back in July.
It was from a dealer I had used previously (local) but had since moved 200 miles away. I basically said here is a spec, this is what I want, I wouldn't walk in off the street so it's a number for you that you wouldn't have had previously.
Was that on a used X5?

msdes123

164 posts

139 months

Monday 2nd February 2015
quotequote all
I was in dealers about 3 weeks back and they had a new X5 50D in showroom, cant remember exact spec and option list but this was the opening offer when I indicated I was interested (the part exchange was for for an M135i I was looking to move on after having for just under a year and 10000 miles).

I didn't go further so figures were not haggled over anymore but these were the numbers copied from dealers email, based on finance APR at 5.8 % over 47 months and putting 10K of my M135i trade back value as the deposit and the rest back to me. Discount is approx 8% on showroom price I think.


£67,045 Car
£800 Service pack
£5,386.60 Discount
£24,150 Part Exchange

£14,150 Cash back
£777.87 47 Months
£24,797.26 Balloon payment

worsy

5,776 posts

174 months

Monday 2nd February 2015
quotequote all
Darlo74 said:
worsy said:
Cheib said:
worsy said:
I got 5.9% on finance and 9% off a heavily spec'd 40d in July.
I'd say that was an excellent deal back in July.
It was from a dealer I had used previously (local) but had since moved 200 miles away. I basically said here is a spec, this is what I want, I wouldn't walk in off the street so it's a number for you that you wouldn't have had previously.
Was that on a used X5?
No on a new one.

Cheib

23,110 posts

174 months

Tuesday 3rd February 2015
quotequote all
worsy said:
Darlo74 said:
worsy said:
Cheib said:
worsy said:
I got 5.9% on finance and 9% off a heavily spec'd 40d in July.
I'd say that was an excellent deal back in July.
It was from a dealer I had used previously (local) but had since moved 200 miles away. I basically said here is a spec, this is what I want, I wouldn't walk in off the street so it's a number for you that you wouldn't have had previously.
Was that on a used X5?
No on a new one.
The dealer that I bought my current "heavily specced" X5 from that I have bought several cars off in the past offered me £1500 off a 4.0d around the same time. Spec had £15k of options IIRC.

Walked out without putting pen to paper....fancied a new car but my E70 has got plenty of legs in it so not in a hurry until a decent deal is forthcoming.



worsy

5,776 posts

174 months

Tuesday 3rd February 2015
quotequote all
Cheib said:
worsy said:
Darlo74 said:
worsy said:
Cheib said:
worsy said:
I got 5.9% on finance and 9% off a heavily spec'd 40d in July.
I'd say that was an excellent deal back in July.
It was from a dealer I had used previously (local) but had since moved 200 miles away. I basically said here is a spec, this is what I want, I wouldn't walk in off the street so it's a number for you that you wouldn't have had previously.
Was that on a used X5?
No on a new one.
The dealer that I bought my current "heavily specced" X5 from that I have bought several cars off in the past offered me £1500 off a 4.0d around the same time. Spec had £15k of options IIRC.

Walked out without putting pen to paper....fancied a new car but my E70 has got plenty of legs in it so not in a hurry until a decent deal is forthcoming.
Luck of the draw Chieb