Originally Posted by snofun3
I'm looking right now too, and some of the lightly used vehicles under Certified Used status are excellent.
A '06 BMW X3 with 6k miles at about $37k with a bumper to bumper warranty that goes until Oct 011. Or a '07 Infiniti fx35 with 8k miles and a 6 year warranty for $36k out-the-door with tax.
I love car shopping.
We have an 07 X3, and you could also look into the potential deals on 07s or 08s as well as looking at 06s on CPOs. Look at www.bimmerfest.com
in the forums on "ask a dealer" and X3. There's a post in there where someone calculated that the break even point, i.e. where one starts to get ahead with an X3 purchase v. lease, is 6 years, 9 months.
I have typically kept cars longer than that in the past, and simply done more work on them as they age, but I'm less inclined to do that when my wife is driving around with my 18 month old daughter. So, things change.
Some of the lease deals out there are amazing, and I'm thinking that the money I don't put into a car at day 0 (versus years 3-6), say $25K, is a nice start to my daughter's college fund and the return on investment may outweigh the savings. It might not, but that's the risk we've taken. Check out the money factor/residuals, and do the rest of the deal as if you're negotiating to purchase from invoice price up.
Also, the 07 or 08 X3 will have 260hp v. 225 hp for the 06, and a nicer interior (caveat: there are complaints about the 07 auto tranny, but I haven't had problems with mine and/or you could just go manual)
ditto on the advice about working up from dealer's invoice, etc. Also, check out Euro delivery and see if you can get a trip to Munich/St. Anton basically paid for with the cost savings. (I'm not sure when, but the X3 production will be shifted to N.C. with the next model iteration)
As far as Subies go, we had a bought a new 2000 Legacy GT wagon for ~$26K, had it for 7 years, 114K, and sold it for $9500 to a friend. Nice car, nice AWD, and he got a decent deal on a very well kept car. However, only 165 hp, crappy brakes and bad seating position ultimately made us want to swap it out. We're happy so far with the change.
BTW, negotiate via email, not in person; you'll save time. I calculated that the amount we save at the grocery store/buying lift tickets at REI saves more than the $400 you'd get by dickering with a dealer on a new car...