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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10278 messages, Last post on Nov 09, 2009 at 1:53 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: blueguydotcom (Jun 25, 2004 8:17 am) I'm heading down to Riverside next month, I may have to visit some dealers near by. My friend referred me to Irvine BMW as volume dealer. SF bmw offer: 3yr lease 12k mi/year; 54% residual, $642, mf=.00275, dep:$650, dmv $312. msrp: 43095/invoice:$39750; sale price $38750; Options: 330i w/ ZHP,Moonroof, Xenon, heated seats |
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That car as configured with metallic paint is only 43,270 on BMW's site. Which puts invoice at 40k. Drop another 2k-1.5k from that price with the rebate and now you're talking. Secondly, do you have a costco membership? If so, find out the dealer in your area who does Costco pricing. Find out their markup. $500 over invoice before rebates? $1000? For instance, in San Diego Cunningham BMW does $400 over invoice with Costco. Add in the rebate and you're at 2k under invoice. 38k for that car sounds a whole lot better.
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Residuals are set by the lender and cannot be changed.. And they are always based on MSRP. The MF is also set by the lender, but BMWFS allows the dealer to bump it by .0004 There is also a bump for waiver of security deposit (.00015) and acquisition fee (.00030, I think). I thought the current base MF on 3-series was .0022, so it looks like maybe they are waiving acqusition and bumping a little.. regards, kyfdx |
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Thanks! So the sales person says that for leases the money factor and residual are set by the bank and depends on the mileage per year I choose. Is that bull or should I demand better? Residual is usually set. It's based on the MSRP - not your sale price. Money factor - BMW has a buy rate for dealers and then they mark it up as they wish. The buy rate is anywhere from .0001 lower to 0.0005 lower. This is a negotiable thing. If they're cool they'll admit their buy rate and you can give them a point or two. You're doing them the favor by buying. Is the residual value calculated on the negotiated price or the MSRP? MSRP. If they say negotiated price...RUN! They're scamming you majorly. I assume the money factor is based on a person's credit rating too and the dealer gets a spread for profit taking. I'm green to leasing and I figure at the end of the lease I can buy or walk away to see if this model e46 will hold its value after 3 years. Yes to both things. Leaseguide.com is a tremendous help in figuring out your lease deals. And the lease walk-away option was key for me when going with a BMW. If the car is unreliable or if the E90 clobbers resale, I don't want to drop 25k on my used bimmer. I'm heading down to Riverside next month, I may have to visit some dealers near by. My friend referred me to Irvine BMW as volume dealer. Irvine has a good rep. I'd say hit them up and if you don't see numbers you like, try Cunningham in San Diego. And as I told someone else, check with Costco on the LA/OC coscto dealers. SF bmw offer: 3yr lease 12k mi/year; 54% residual, $642, mf=.00275, dep:$650, dmv $312. msrp: 43095/invoice:$39750; sale price $38750; Options: 330i w/ ZHP,Moonroof, Xenon, heated seats They're making out like bandits on that. The residual isn't so hot. The MF is so-so decent and they've got $1300 profit instantly. |
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Replying to: blueguydotcom (Jun 25, 2004 11:22 am) |
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The vehicle I am receiving has an MSRP of $44970 and an Invoice of $41150, according to Edmunds. no. Build it at BMWUSA.com and then compare that build price to Carsdirect. I like Edmunds but their facts and figures are most often wrong. Unless you're getting navi or something odd, the features you mention ring up far lower. and I'm not sure if he was feeding me a line, that all sales are charged a 1% "advertising fee" by BMW That's a padder too. Find a dealer who doesn't charge bogus fees like Maco and such. If they want you to pay for advertising, training, etc...don't. They're padding their numbers. (Performance Package, w/cloth, w/ manual trans.), that I could find, on their lot. Again, talk to other dealers. He's playing you. I checked a bunch of dealers and nobody could do any better, since everyone wanted to order the vehicle from the factory. I recall 2 San Diego dealers offering to get another car from another dealer for me for $300 extra. They claimed that was for shipping. Regardless, build the car on BMWUSA, check that price against Carsdirect. A 45k ZHP with the limited features you mentioned should be less than 43k msrp.
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Replying to: blueguydotcom (Jun 25, 2004 3:16 pm) 325xi Steel Blue Metallic Black Leather w/Aluminum Trim Prem Package Cold Package Sport Package Auto Tranny Xenon Headlights MSRP was $39645 (approx) Invoice was $36325 Im paying $36800 - this includes $300 for shipping since the car was coming from another dealer out of state. Im sure I couldve haggled for 5 or 6 hrs to get the price down more but I feel good about my deal. Im located in MD and not SoCal so I dont think I couldve done that much better - maybe another $200? The 1 thing I am bummed about is the 325 doesnt have lumbar support and the 330 does offer it.........I cant swing the extra $5-6K more for a 330. |
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Replying to: kyfdx (Jun 24, 2004 11:48 am) I live in DFW. Is this a good deal per your experience? Dealer MSRP $35,795 Sale price $35,795 - $5,500 + $150 (floor mats) = $30,445 Cars Direct invoice = $33,097 (same config) From their website, it shows they still have two with similar config. Blue with Tan and Silver with Gray. I personally like the Silver better. Too bad no HK sounds. Regards mc_chow
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Replying to: mc_chow (Jun 26, 2004 10:57 am) regards, kyfdx |
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..... ** And yes, there is NO moonroof ** It's the kiss of death new, and it will be like trying to sell the German Measles used .l.o.l... Terry. |
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