Last post on May 18, 2013 at 9:18 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
BMW 3 Series, Sedan, Wagon
#11814 of 11915 Re: 2013 328i Lease Question [satch98]
Feb 14, 2013 (9:54 am)
It appears that BMW is aggressively moving their coupes and convertibles since the new 4 series is due out soon. I'm sure since BMW contacted you, you are in a good position to deal...
#11815 of 11915 Is this a good deal
Feb 26, 2013 (8:23 pm)
2013 328i Black Sapphire Metallic, cold weather package (ZCW), premium package (ZPP), BMW Assist (6NL).
MSRP 42,645...dealer offer $38,350
36 month lease with .00130 LMF....we will put down $5000 which will leave a balance of $26,866 at the end of the lease.....Dealer said the residual value is 63%
Any information would be greatly appreciated...if you need more info hopefully I can provide it
#11816 of 11915 Re: Is this a good deal [jwalls]
Feb 27, 2013 (9:46 am)
That's a lot of money to put down on a lease. You should always try to get your down payment as close to $0 as possible since it is likely that you will never get that $ back should you suffer a total loss on the car (accident, theft).
Talk to your CA about doing MSDs instead--multiple security deposits. These are refundable at lease end and they bring down your money factor (interest rate).
Of course, all of this assumes you want the option of turning the car back in at lease end. If your payment strategy is aimed at eventually paying off and owning the car, then that kind of dp makes more sense.
#11817 of 11915 Re: Is this a good deal [shabadoo25]
Feb 27, 2013 (12:19 pm)
The $5000 down is to get the payments to a level my girlfriend can afford. Half is from a trade in and the other half cash.
Neither of us have leased so we are not familiar with the MSD's you are mentioning.
I will do a little research on those...thanks
#11818 of 11915 Re: Is this a good deal [jwalls]
Feb 27, 2013 (7:00 pm)
No, no, no, no, no. jwalls, shabadoo25 is correct. you should NEVER put that much money down on a lease. If the car is totaled, you will lose all that money, and you would be out of luck. MSDs are definitely the way to go. I would highly recommend that you see if you can modify the deal, where your car equity goes towards the fees/etc, and the cash that you put down, goes towards the multiple security deposits. They can issue you a credit for the difference between the fees and what your car is worth. Sure, your payments will be higher, but that sure beats losing all that money if your car gets totalled.
As long as you did not take delivery, you can change the deal, and if they refuse, just cancel the deal altogether.
#11819 of 11915 Negotiating on BMWs
Feb 28, 2013 (2:00 pm)
I haven't purchased a BMW for close to 20 years, but I'm hoping to purchase a 335i this spring. Walked into a local dealer recently, and was told sales folks there are on salary and no longer negotiate. Is this true across dealers? If not, I'll just find another one.
#11820 of 11915 Re: Negotiating on BMWs [rabadash]
Feb 28, 2013 (2:14 pm)
1. That's most certainly not true across all dealers.
2. Even if a dealer did such a thing, that would not exclude negotiating because the salespeople aren't selling units for themselves, they are selling for the dealership management/owner, and it is those folks who need to move units. If they want to move a unit, they will negotiate.
#11821 of 11915 Re: Negotiating on BMWs [rabadash]
Mar 02, 2013 (9:01 am)
I agree with Q.
One sure way to find out, ask them for their "non-negotiable" price. Once you have it, tell them you're just shopping around and plan to see if another BMW dealer is now part of the "non-negotiating" business plan.
See if they let you walk.
Mar 07, 2013 (4:51 am)
Here is what we were offered:
Sale price: $49,000
Customer cash: $4,751.99 (includes adv payment, upfront charges of $3,161.51 and total cap reduction of $2,756.30
Total rebates: $1,750
(Since we are looking at leasing another BMW, they offered to take another $750 off, which is not included below)
36 months/15,000 miles
$584.18 a month
We would greatly appreciate your advice as this would be our first lease.
#11823 of 11915 Re: 2013 328xi lease [murphy143]
Mar 07, 2013 (1:19 pm)
You will definitely make the salesman's Christmas card list if you take that deal...
Go back through this discussion and you'll see that others have gotten $3k plus rebates off the MSRP. Wait until the first MLB pitch and the prices on xi models will drop further.