Last post on Dec 07, 2013 at 7:29 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 3 Series, Sedan, Wagon
#11995 of 12232 New 2013 BMW 328xi
Jul 29, 2013 (4:30 pm)
This will be my first time leasing a BMW. Can you give me feedback in the below deal that I was offered? Is this a good deal? What exactly does the dealer fee include? Thanks!
15,000 miles per year/36 months
MSRP- $50,675 but negotiated down to $46827 (includes build out credit and ultimate drive event already)
Money factor- .00120
Due at signing- $2000 (taxes, registration, first months payment, dealer fees, etc.)
Monthly payment- $602
#11996 of 12232 Re: New 2013 BMW 328xi [bmw626]
Jul 29, 2013 (4:39 pm)
Get the sale price down even further. You should be able to get around invoice minus the $2000 (ultimate drive + build out credit).
#11997 of 12232 Re: New 2013 BMW 328xi [bmw626]
Jul 29, 2013 (4:59 pm)
As the other person said, look up invoice prices on kbb, true car and edmunds. Also look up the fair price on all three. For mine, the invoice price was $38,965 and the fair price posted everywhere was $39,500. I got the car at $39,500 and another 1000$ Build Out Incentive and $1000 Drive Event (If youre willing to make a deal with them, you dont have to wait for the code, they will put it in...that's what they did for me).
So the car selling price for mine $37,500. Make sure before you put any deposit down anywhere you go to another dealer to confirm the numbers.
The key here is to keep a margin of $500 - $700 above the invoice price if you're very good at negotiating. I got lucky my sales rep was really good and I feel like I got a great deal for a first time lessee.
#11998 of 12232 Re: 328i Lease [shazi00]
Jul 29, 2013 (6:06 pm)
Whoa, never put that much money down. What happens if you total the car or the car is stolen?
#11999 of 12232 Re: New 2013 BMW 328xi [shazi00]
Jul 29, 2013 (11:52 pm)
That's not a bad deal, but with 2014 models in production I would aim for invoice or below before any applicable incentives.
#12000 of 12232 Re: 328i Lease [zoombie99]
Jul 30, 2013 (1:45 pm)
That is what GAP insurance is for, and for anyone leasing that should be gotten since the car will NEVER be right side up.
#12001 of 12232 Re: 328i Lease [zoombie99]
Aug 01, 2013 (5:30 am)
I live in a pretty good neighborhood not sure if I would think about my car getting stolen. Btw the drive off got it dropped down to $4500 with $340 a month. I know it makes no difference in the payment but id rather see more money a month in my pocket.
Also GAP Insurance ? Do I have to purchase that separate from the car insurance ? Any clue for the cost in that ?
#12002 of 12232 Re: 328i Lease [shazi00]
Aug 01, 2013 (6:27 am)
The premise of a lease is to put the least amount of money out of your pocket, there are many articles about leasing on Edmunds that will explain to you why you should not shop for monthly price..
#12003 of 12232 Re: 328i Lease [flightnurse]
Aug 01, 2013 (7:14 am)
I understand. Everyone I know told me the same thing about no money down and have everything rolled in to the monthly.
I will do that in the future. Will see how this first experience turns out.
#12004 of 12232 Re: 328i Lease [flightnurse]
Aug 01, 2013 (10:11 am)
With MSDs, and all the incentives, its almost a crime to buy a bimmer outright now irrespective of miles driven. Have seen several scenarious where lease-to-buy is within a grand of outstanding loan amortized with the monthly lease payment at the end of lease term!