[FSociety]

Hey everyone,

I'm looking around for banks/credit unions to see where I get the best rates for either traditional finance or balloon finance/bmw select for the following:

I'm currently debating on 2 options:

Pre-Owned 2013 BMW X3 28i M-Sport MSRP $55k, current price $39985 and has about 2,000 miles. Dealer mentioned it was a bmw executive car, red exterior beige interior with such low miles and price it makes sense to save 15-20k off brand new 2015 models.
$39985 + plus tax, tag, title, and fees

Brand New 2015 BMW X3 28d M-Sport Alpine white/Brown Interior working with this dealer to match the TrueCar.com offer/price at $54,500 out the door with the following options:
Lighting Package (ZLP), M Sport (ZMM), Driver Assistance Package (ZDA), Harman Kardon Surround Sound System (688), Adaptive Full Led Lights (552), Enhanced USB & Bluetooth w/Smartphone Integration (6NS), Acc Stop & Go + Active Driving Assistant (5AT), Navigation System (609), Parking Assistant (5DP), Saddle Brown,Nevada Leather Upholstery (LUD3), Premium Package (ZPP), Panoramic Moonroof (402)
$54,500 + plus tax, tag, title, and fees

Does it make sense to go with the 2013 and save the 15k ?
I've always thought buying a brand new car was not a great idea, rather wait to find a pre-owned or CPO one with the options of your taste.

Thx

[nyalpine90]

it really depends if new changes matter to you.

also after taxes and interest rate kick in, maybe near $45K

any pics of red x3?

[FSociety]

Originally Posted by nyalpine90

it really depends if new changes matter to you.

also after taxes and interest rate kick in, maybe near $45K

any pics of red x3?

Dealer just sent me a copy of the retail worksheet with either traditional financing or balloon finance(BMW Select) with a APR 3.19% using Top Tier Credit. This Rate is not good at all =\ .. Retail sheet shows $3,815 of sales tax.

Dealer wrote

On a traditional financing the rate is also 3.19%. With $2500 down the payment for 72 months is $864.66

MSRP: 58,100
Balloon %/$: 18,592
Down Payment: 2,500
Term: 60
Sell Rate: 3.19
AOR: 1.6639
Amount Financed: 56,517
Finance Charge: 6,202
Total of Payments: 62,719
Total Sales Price: 65,219
PAYMENT: 735.45

Taxes are 7% in NJ, and will try to negotiate to get it out the door for 40k before the sales tax. Waiting on approval on PenFed they have 2.49% 48/60 months. Trading in my car to help lower the cost of the loan as well.

Changes that I like in the 2015
- Diesel , new LCI LED Lights, 20' wheels, Side view mirror signal lights,
But I don't mind getting into a nicely optioned 13-14 for 10-15k off MSRP and wait for the X3's New Interior to come out.

[SC]

It is really personal preference. I always think I should save money and get a used car but then I end up always end up ordering the latest.

[nyalpine90]

i don't think i have seen x3 vermilion red in msport pack. it does look nice and practically new as well.

its either you want new car w/ new features, order it and wait OR get the x3 at the dealership and save some money and its available right away.

[FSociety]

Originally Posted by nyalpine90

i don't think i have seen x3 vermilion red in msport pack. it does look nice and practically new as well.

its either you want new car w/ new features, order it and wait OR get the x3 at the dealership and save some money and its available right away.

Vermillion red actually looked way better in person than it does on these pictures. Yes, it def looked new and spotless, dealer said it was a bmw executive vehicle.

I do want a new car w/ new features but it's kinda exceeding my budget so I am going to go with this pre-owned to save some money and have more equity for when in 2-4yrs I decided to sell/trade for a newer X3 (have more money put down) and owe less.