Last post on May 18, 2013 at 9:18 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 3 Series, Sedan, Wagon
#11321 of 11917 Re: 2008 328i BMW (Premium) Pricing Question [roadburner]
Mar 25, 2011 (5:10 pm)
Are you talking about the "Extended CPO Warranty" or the "Maintenance Warranty". One of the dealers (unfortunately one of the two with the lowest prices) is playing Three Card Monte with the terms. As I understand there are 2 types of "warranty". The Extended Warranty (major parts, electronics, etc.) and the Maintenance Program" (brakes, fluids, oil changes, etc). With respect to each:
1. I've been told that I can only get the BMW Extended Warranty if certify my car which will cost an unknown figure. Until ten minutes ago, this was not the case. Now it is the case at at least 1 of the 2 dealers.
2. Also until ten minutes ago, I could get the Maintenance Program if I finance my purchase at a high rate 6-7% and then pay out the lump sum remaining after Three Months to BMW Finance. Dealer #2 said that this is impossible because BMW Finance prohibits that a lease owner from buying out his car and getting into the finance program wherein maintenance provided at no additional cost. I called BMW Finance and they denied this. I suspect it might be a dealership by dealership decision.
Anywhat, I thought I had a pretty good deal - about 24.5 for the car + extended warranty, and then the maintenance for 3 months of financing.
Should I forgo all of the extra coverage and just buy my car straight from BMW Finance and tell the dealers to pound sand? Or should I man up and get some added protections, and if so, which ones?
Thanks in advance.
#11322 of 11917 Re: 2008 328i BMW (Premium) Pricing Question [dew9]
Mar 25, 2011 (9:08 pm)
I wouldn't pay for either coverage. From 50,000-100,000 miles I spent $2,585 on maintenance as well as a four wheel brake job for my X3. Nearly $600 of that amount was for maintenance that BMW does not call for(ATF and transfer case oil changes and twice as frequent engine oil changes).
#11323 of 11917 Re: 2008 328i BMW (Premium) Pricing Question [dew9]
by kyfdx HOST
Mar 26, 2011 (9:19 am)
If you are the original lessee or owner, you can buy the extended warranty and maintenance at any point before the original plans expire (which is at 4yr/50K).
Also, you can buy them from any BMW dealer in the US.. and, with a little research, you can find dealers that discount those prices. For example, the extended maintenance on an E90 3-series has a list prices of $2095 and a dealer cost of $1595. Many dealers will knock $200 off without blinking, and others might go as low as $1750.
However, if you don't drive a lot (and I've lost the thread on how many miles you drive), then these plans are of less value to you, though the cost is the same. They work well for those who have driven 45K-50K miles on their three year lease, and expect to do the same for the next three years.. For those that drive less, I concur with the others... not worth it.
#11324 of 11917 CPO'd 08 328i
Mar 26, 2011 (4:08 pm)
Looking for thoughts on a CPO'd 2008 328i with premium/satellite radio/heated seats and moonroof.
dealer listing as 27,350 Warranty remaining until 3/14
Think there is room to move on this? I have some questions into the dealer on pricing but want to see where a fair price would be
#11325 of 11917 Re: 2008 328i BMW (Premium) Pricing Question [kyfdx]
Mar 26, 2011 (7:29 pm)
Quick update, I bought the car for the residual and passed on the extended warranty and maintenance. If I subsequently determine to by the extended warranty and/or maintenance, I'll do so next year when the current ones are set to expire. Thanks for the help!
#11326 of 11917 Re: 2008 328i BMW (Premium) Pricing Question [dew9]
Mar 26, 2011 (8:23 pm)
Good for you! If you have any other questions don't hesitate to ask!!!
#11327 of 11917 Leasing 335i Coup or Convertible
Mar 29, 2011 (9:21 pm)
Hi Car man,
What is the MF & residual for 335i Coup and 335i Convertible for 12K a year? Thank you very much.
#11328 of 11917 Current 08 CPO offer
Mar 31, 2011 (9:32 am)
Ok, can someone help me out here. Found my car, trying to get some clarity on the financing deals to decide if i want to finance or pay cash in full.
Current CPO offers for financing until 2 Mar are, 0.9%, 1500 towards payments, or 6/100K free maintenance
For the financing offer, the salesman is under the impression that the 0.9% if for a 24-month finance deal. is this accurate? If so, its there a higher rate for a 36-month term?
I know if you take the 1500 towards your payments, its at normal BMW finance rates. What would that be for someone with a 800 credit score?
#11329 of 11917 Re: Current 08 CPO offer [drew11m]
Apr 02, 2011 (9:43 pm)
Yes the .9% financing is for 24 months.
When I was looking to get my 3er, I was planning to get the $1500 credit towards the payments with the standard rate (considerably higher than the market rate) and then re-finance after 4 months (min. required to get the 1500 credit). I would have been interested at the .9% financing if it was for a longer term. Free maintenance saves some money but you can still buy it from the dealer (some dealers are willing to discount it, maybe you can negotiate it as part of the car purchase at dealer cost)
#11330 of 11917 Re: Current 08 CPO offer [bond007jb]
Apr 03, 2011 (4:05 am)
well here's the way they finally broke it down
0.9 for 24 months
2.9 for 36 or higher
or 4.69 for 36 (or higher) with $500 credit for each of the first 3 months (1500) total. No pre-payment penalty.
Even with the variance in interest rate, i still save more taking the credit than otherwise especially if I just pay it off in full in 6-8 months.
But i have my deposit down on my 328xi, now have to try and do paperwork from halfway across the country.