Last post on Dec 12, 2013 at 1:17 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 3 Series, Sedan, Wagon
#12066 of 12247 Is my zero drive off deal pretty amazing? I'm very happy
Sep 20, 2013 (8:20 am)
2013 328i sedan: Imperial Blue Metallic/Black leather, Premium Package, Heated front seats, Dark Burl Walnut trim, Navigation, F&R Parking sensors, Rear view camera, 8-speed auto.
MSRP $45725 (Invoice $42,660)
Selling Price: $41210 ($1450 below invoice)
CAP COST: $39210 (includes $2000 build out credit credit)
Costs added to lease: $1735 (1st payment, DMV, $100 doc fee, $725 acquisition fee)
CAP COST REDUCTIONS: $1500 ($1000 Ultimate drive rebate, $500 loyalty rebate)
NET CAP COST: $39445
Residual 59% (12K miles/36 months-$26,535)
MF: .00125 (3%)
Monthly LA County tax: 9% ($39.70)
Total Payment including tax: $480.79 with sign and drive that's it!
If I paid the $1735 total drive off fees total payment would have been $425.88 including tax!
Figured what the heck? Why not do the zero down, my 5-series payment had a 6 in front of it so I am very happy.
Pacific BMW Glendale California, ask for Greg Poland (is this ok to mention?)
#12067 of 12247 Re: my 2013 328i drive lease deal [audieddy]
Sep 21, 2013 (5:24 pm)
Your post is very useful to me. I am in the process now of trying to close a deal with BMW on 328i. I also have USAA discounts. My MSRP is 47,325. Can you give more detail about your deal? They are offering me a sell price of 39,610 and i put up 3k. with a payment of $415 plus tax. Sounds like you know how to get a better deal. Any help would be much appreciated!!!
#12068 of 12247 Re: my 2013 328i drive lease deal [cat70]
Sep 21, 2013 (6:57 pm)
How much more of a discount do you want? From what you wrote you got a better deal then Audieddy.
#12069 of 12247 Re: my 2013 328i drive lease deal [cat70]
Sep 23, 2013 (8:48 pm)
you need to provide more info besides the selling cap cost. First word of advice, never put down money to reduce the cap cost. If something happens to the car, you are out your entire down payment. The deal you can get also can depend on what state you are in and the how many dealers there are available. You need to know the true invoice of the car, the agreed upon sell price, minus whatever incentives you are eligible for, include the $2000 build out credit. Then the rest is the money factor, base is .00125. If you want to put any money into the deal, put down multiple security deposits, they reduce the money factor by .0007 per, can max out at 7 total. This will usually reduce your payment by about $40 per month and is entirely refundable to you. The other fees are base acquisition fee $725, dmv and any dealer doc fee. You should be able to get the car at least $2500 under invoice, being a 2013 model.
#12070 of 12247 buying a new 2014 320i
Sep 24, 2013 (8:11 pm)
Hi guys, I'm looking to purchase a 2014 320i with options - lighting pkg, sports pkg, wood trim, and heated seats. MSRP is about 36800. If I go in the dealer today, or if I email the internet sales manager, how much should I be looking at? 500-1000 above invoice? I am assuming I won't be able to take much off due to this being a custom build order.
Let me know what you guys think, thanks.
#12071 of 12247 Re: my 2013 328i drive lease deal [konacoug]
Sep 25, 2013 (1:44 pm)
Thanks for your help and education these past few days on search for a fair lease amount on the 2013 328 i I am looking to bring home. I would appreciate your input on the below numbers. The one thing I see missing for sure is the $2000 build out credit BMW is offering on the 3 series. It also looks like he started the money factor at .00145 (3.48%) when I thought this month's rate was .00125 (3%). Truecar.com lists dealer invoice at $44,145.
Here is what the dealer sent me this morning.
2013 328i Mineral white/saddle brown interior
$41,415 My price plus tax/license
-$1,000 U Drive event credit
-$500 loyalty cash BMW
-$500 USAA member rebates
36 month lease
10k miles per year
$2000 drive off
$3150 security deposit (100% refundable at the end of lease)
$388.35 payment plus tax
Money factor: .00096
Residual 59% = $27921.75
thanks for any help you can give
#12072 of 12247 Re: my 2013 328i drive lease deal [cat70]
Sep 26, 2013 (12:02 pm)
Also BMW has a 2K credit on all 3 series cars.
#12073 of 12247 Re: my 2013 328i drive lease deal [flightnurse]
Sep 26, 2013 (12:38 pm)
Yes, dealer said he included that in the $41,415 selling price.
#12074 of 12247 Re: my 2013 328i drive lease deal [cat70]
Sep 26, 2013 (1:56 pm)
Dealers are allowed to mark up the money factor slightly. Most don't.
#12075 of 12247 Re: my 2013 328i drive lease deal [zoombie99]
by kyfdx@Edmunds HOST
Sep 26, 2013 (2:52 pm)
In my experience, most BMW dealers will mark-up the money factor... some will negotiate on it, but a lot won't...
just my $0.02...