Buying nearly new from BMW dealer
Discussion
When I bought my E90 nearly new from a BMW dealer in back in 2008, I tried to negotiate a discount but all I got was a tank of fuel and 12 months road tax. I went ahead with the deal because I thought the price was good value compared with the new list price (£19k vs £25k).
The E90 saloon has been great, but I could do with a bit more versatility, and am considering an X1 (yeah, I know, it's ugly, it's slow, blah blah blah). Looking at 3 month old low mileage 11-reg X1s at dealers near to me (W London / Surrey / Berks), I can see a basic spec X1 18d SE for £20,500, or a better spec (leather, nice wheels, and a few other bits) for £23,000. These prices seem a bit steep given that I can buy a brand new X1 18d SE via an internet broker for £21,900 (http://www.broker4cars.co.uk/bmw/x1.htm). Older X1s (59 and 10 reg) seem even poorer value.
Should I be pushing for more discount than I did three years ago? Is it fair to say that times have changed? Given that the X1 has not been a raging sales success, I reckon I should be pushing for a couple of grand off if I sell my E90 privately and go into the dealer with no part ex to worry about. What are the thoughts of people on here? Has anyone had experience of buying new BMWs via internet brokers?
The E90 saloon has been great, but I could do with a bit more versatility, and am considering an X1 (yeah, I know, it's ugly, it's slow, blah blah blah). Looking at 3 month old low mileage 11-reg X1s at dealers near to me (W London / Surrey / Berks), I can see a basic spec X1 18d SE for £20,500, or a better spec (leather, nice wheels, and a few other bits) for £23,000. These prices seem a bit steep given that I can buy a brand new X1 18d SE via an internet broker for £21,900 (http://www.broker4cars.co.uk/bmw/x1.htm). Older X1s (59 and 10 reg) seem even poorer value.
Should I be pushing for more discount than I did three years ago? Is it fair to say that times have changed? Given that the X1 has not been a raging sales success, I reckon I should be pushing for a couple of grand off if I sell my E90 privately and go into the dealer with no part ex to worry about. What are the thoughts of people on here? Has anyone had experience of buying new BMWs via internet brokers?
The X1 is the best selling premium SUV on the market, knocking the Q5 off the top spot. It is also BMWs 4th best selling model with the 3 series saloon at number one, the 1 series hatch at number two and the 5 series touring at number 3.
It outsells the 3 touring, the 5 touring, the X3, X5, X6, 5GT, 6s series cab and coupe, 7 series, 1er coupe and the z4.
It is doing incredibly well.
The residuals on them are also brilliant, so it can be a pretty cheap car to run if you stay sensible, ie 18d SE with leather or 20d se with leather. The 23d with a load of toys starts to get more pricey.
I took one out the day, just because I was offered a go in it, was actually looking at 5GT's and thinsg to replace my E Class with, then thought that maybe I should swap the Aygo for another E91 touring or similar, the sales guy was raving about the X1 he had as a company car that month, gave me the keys and out I went.
I was smitten, it is a truly superb machine, dynamically very similar to the E91, but slightly higher driving position, and comfort wise better than anything out there from BMW this side of the 5 series. No run flats I would guess?
I was that impressed and my wife has always liked them that I started looking for one the next day.
I went through the whole order new or buy a year old thing and bought a year old, main reason was I wanted black with leather and the s-line package and the new cars were all weeks away, and it was around £23300 by the time you had added metallic, leather and x-line.
I bought a 10 plate in the right spec for £19500. With only a grand deposit this was a sub £300 a month car.
Residuals on the 10 plate was only £400 less than the residuals on a new one, so worked out £100 a month cheaper.
Get it next week.
It outsells the 3 touring, the 5 touring, the X3, X5, X6, 5GT, 6s series cab and coupe, 7 series, 1er coupe and the z4.
It is doing incredibly well.
The residuals on them are also brilliant, so it can be a pretty cheap car to run if you stay sensible, ie 18d SE with leather or 20d se with leather. The 23d with a load of toys starts to get more pricey.
I took one out the day, just because I was offered a go in it, was actually looking at 5GT's and thinsg to replace my E Class with, then thought that maybe I should swap the Aygo for another E91 touring or similar, the sales guy was raving about the X1 he had as a company car that month, gave me the keys and out I went.
I was smitten, it is a truly superb machine, dynamically very similar to the E91, but slightly higher driving position, and comfort wise better than anything out there from BMW this side of the 5 series. No run flats I would guess?
I was that impressed and my wife has always liked them that I started looking for one the next day.
I went through the whole order new or buy a year old thing and bought a year old, main reason was I wanted black with leather and the s-line package and the new cars were all weeks away, and it was around £23300 by the time you had added metallic, leather and x-line.
I bought a 10 plate in the right spec for £19500. With only a grand deposit this was a sub £300 a month car.
Residuals on the 10 plate was only £400 less than the residuals on a new one, so worked out £100 a month cheaper.
Get it next week.
gizlaroc said:
The residuals on them are also brilliant, so it can be a pretty cheap car to run if you stay sensible
Are the residuals **really** brilliant? or is BMW controlling the market by keeping X1s within the Approved Used network for now, while the model is still quite new?I'd be interested to see what prices the early 59 and 10 reg cars achieve at auction.
I'm a big fan of my diesel E90, and expect the X1 to be a similar drive, just a bit slower and a bit more soft-riding, like you described.
Hope you're pleased with yours when you get it, and put a review up on this site - the X1 attracts a lot of negative opinions on here, but in my opinion it does a good job of meeting the needs of its target market.
Thanks for the information on how much discount you got. Presumably this was from a dealer in East Anglia.
excel monkey said:
Are the residuals **really** brilliant? or is BMW controlling the market by keeping X1s within the Approved Used network for now, while the model is still quite new?
I'd be interested to see what prices the early 59 and 10 reg cars achieve at auction.
I'm a big fan of my diesel E90, and expect the X1 to be a similar drive, just a bit slower and a bit more soft-riding, like you described.
Hope you're pleased with yours when you get it, and put a review up on this site - the X1 attracts a lot of negative opinions on here, but in my opinion it does a good job of meeting the needs of its target market.
Thanks for the information on how much discount you got. Presumably this was from a dealer in East Anglia.
No, not a dealer in East Anglia, had to buy from elsewhere as we couldn't get the price I wanted here. I'd be interested to see what prices the early 59 and 10 reg cars achieve at auction.
I'm a big fan of my diesel E90, and expect the X1 to be a similar drive, just a bit slower and a bit more soft-riding, like you described.
Hope you're pleased with yours when you get it, and put a review up on this site - the X1 attracts a lot of negative opinions on here, but in my opinion it does a good job of meeting the needs of its target market.
Thanks for the information on how much discount you got. Presumably this was from a dealer in East Anglia.
I will say when I have it who it was from.
When I say the residuals are great I mean the figure they are offering after 36 or 48 months.
Put it like this, they were offering £200 more on the 18d SE X1 then they could give me on our 60 plate 520d touring with leather, auto, media professional, internet and a few other toys.
They would have allowed me to have an balloon of £8600 after 48 months, so they obviously have a lot of faith in this model selling well.
The 520d was £8400 after 48 months and that was a £21k car vs a £33k car.
I did it with a £5k balloon after 48 months.
Whether it will really be worth £8500 I don't know, but if you look at 1 series values it might well be.
Gassing Station | BMW General | Top of Page | What's New | My Stuff