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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
9233 messages, Last post on Oct 07, 2008 at 4:33 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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negotiating a lease on 325i. Went to dealership yesterday inquiring about the $289. month lease in effect right now on a 325i with automatic, moonroof and heated seats. After test driving a couple of different cars, I decided on a standard transmission, moonroof with the sport package. Msrp is less on this combination than the $289. special. The dealer however wants $333. a month. Does this seem too much or is the $289 really $333. after taxes, etc.? By the way, I drove a 325 with the new transmission that combines an auto clutch with standard transmission. It was a blast to drive. |
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I'm not sure what taxes are where you live (Arizona, right?), but even at 8%, they only come to $24/mo. If you are comparing a sedan to a sedan, then if the dealer gives you the same deal as the advertised car, the price is totally dependent on the MSRP. So, if the MSRP is 1% less, then the lease price should be 1% less, plus taxes. If you looked at a coupe, then the residuals are less and the payments are higher. Also, if you asked to put down less money than in the advertised lease example, then the payment would go up.. But, if it is all apples to apples comparison, then the payment should be the same or less if the MSRP is less. The dealer may be adding fees or other after market markups (floor mats?) that aren't in the advertised deal. Regional advertising fees (MACO) could also raise the deal a little. But, since your car should be a couple hundred less than the advertised example, I wouldn't think your deal should be over $320 with tax included. That does include about $3200 upfront, though.. regards, kyfdx |
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kfydx, thanks for the response. I made this deal over the phone on Saturday and need to go in the dealership (don mackey BMW)tomorrow to see details and sign for?. down was 3700 "which is higher than normal due to paying to have shipped from california"; according to the salesman. Have not signed anything yet. |
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Seems high. In the advertisement, the terms are $289/mo for 24 months with $2500 down. Total upfront costs of $3189 (2500 down + 1st payment + security deposit). It sounds like they are padding your deal. If your MSRP is less than the advertised car, I would insist on that deal at worst. Have them break out the tax costs for you. If they have to pay extra to get a car from California, that would be their problem, or I would look elsewhere. You may have tax on the downpayment, and also the monthly payment. Assuming tax at 8%, it would bump your payment to about $313, and change your up front cost to about $3463. Any other B.S. charges should be covered by your car's MSRP being a couple hundred lower. Great choice with the Sport package and manual transmission, by the way. regards, kyfdx |
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| Best thing to do is go to the lease board portion of town hall and ask Car_Man to review your lease offer before signing it. He is really knowledgeable on leasing and will give you the current money factor (which is .00125) and residual (74%) on this car for 24 months/10K. He will also advise you if this lease is a good deal. | |
I was insulted this weekend when a dealer only offered me $11,500 for my 98 convertible. He commented that it was extremely well taken care of, then low-balled me. The car has 92K miles is still covered under the 100K extended and has only been serviced by BMW dealerships. We have all the records and the paint Black ext./Tan int. looks new. What would be a fair price to expect from a dealer or private owner?
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Replying to: sirdarby (Apr 12, 2004 11:53 am) Good luck! Sounds like a nice car.
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Hello, everyone! I am a new member here but I have beening reading all the discussions which have been very helpful. I am interested in leasing or purchasing a 2004 325i. I just got a quote from BMW dealer at Escondido, CA (suburb of San Diego). I would like to hear the reactions from all of you: 2004 BMW 325i Steel Blue metalic Gray leather interior Auto transmission Moonroof Heated front seats MSRP: $33,545 Invoice: $30,795 The dealer asked for additional $300 for advertising fee and $500 over the invoice, thus Final price: $31,595 If lease for 36 months, 10k/year Money factor: 0.00165 Residual value: 64% $1816 down $368 plus tax each month What do you all think?
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Replying to: hxs30 (Apr 13, 2004 4:21 pm) |
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It looks pretty good.. The advertising fee (MACO) is on the dealer's invoice, so if working up from invoice you have to include that. The $500 over invoice is a very good deal, but be aware that the dealer is marking up your money factor. The base money factor is .00125... If he used that money factor, your payment would be $21/mo. less. What does your $1816 up front include? I'm assuming $368 first payment, $400 security deposit, $525 acquisition fee. That adds up to about $500 less than your upfront. They might be marking up your acquisition fee or adding document fees (no justification for these). The monthly payment is right on the money with the parameters you gave, but looks like about $1000 padding between higher money factor and upfront fees... Still.. a very fair deal, but not really a $500 over invoice deal. Is this for an ordered car or one on the lot? regards, kyfdx
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