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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10320 messages, Last post on Dec 07, 2009 at 12:38 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: bmwdave (Aug 09, 2005 6:32 pm) Sport Package Premium Package Xenon Navigation Came in at $33000 for each one (coupe and sedan) (discount of $1500 on purchase of second car) Incidentally, sedan is a 325 and there is no major driving dynamic difference  Both are manual drive..
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Replying to: cmd130 (Aug 09, 2005 7:59 pm) |
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Replying to: kandg (Aug 09, 2005 10:08 pm) |
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The Prez has apparently just yesterday signed into law a bill that will repeal the vicarious liability that leasing companies have used as a reason for hiking up bank fees in states like NY. (I am sure there's a more up-to-date news story out there, but here's the gist: http://www.overlawyered.com/archives/002621.html). Minmally, this means that the typical $900 bank fees we pay in NY -- and that I just paid for the lease on an X3 I've yet to pick up! -- should be at least partially refunded. My BMW dealer says I should expect a refund from BMW. What have the rest of you encountered?
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Replying to: davidd3 (Aug 09, 2005 6:57 am) What do you think will happen? |
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Replying to: timny (Aug 10, 2005 5:07 am)
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Replying to: davidd3 (Aug 10, 2005 5:13 am) When did you speak with your dealership? Just curious -- mine hadn't heard a word about this (apparently).
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Replying to: timny (Aug 10, 2005 5:18 am) I raised this acquisition fee issue with my salseperson last week, when I first noticed reports in the newspaper about this aspect of the transportation bill passed by Congress. I don't know if they were aware of it or not. But in any event, their response was what I hoped for. How is it that you already paid the $900 acquisition fee? I'm capitalizing the acquisition fee (either $900 or $625, as the case may be). So a lower acquisition fee will mean a lower monthly payment. If you don't capitalize the acquisition fee, I thought that you pay it upon taking delivery. Apparently you paid this fee in advance and are now in the position of seeking a $275 refund? I placed my order in July (just beat the price increase) and will take delivery in September. My car is now in transit. I could possibly take delivery in late August, but I'm taking delivery in early September in order to avoid a double car payment in August (which is the last month for paying off my G35). I locked in the July lease program with an option on the lease program in effect at the time I take delivery. Perhaps you are in a similar situation (in your case maybe a June lock in and an August option). Anyway, in July the MF was .0025 and the residual was 59% for 3 years and 45k miles. Last week I made an inquiry to my salesperson about the August lease program. He told me that the MF went up and the residual stayed the same. Not what I was hoping for. But several days later I found information to the contrary on the net. It seems that the money factor stayed the same (.0025) while the residual went up to 60%. I asked my salesperson to double check. If the lease program did indeed get better from July to August, I asked him to let me know how much my monthly payment would be reduced and whether I could now lock in August with an option on September. I am awaiting his reply. How did this issue work out in your case?
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Replying to: davidd3 (Aug 10, 2005 5:41 am) So far, I've only put a deposit on both cars. The acquisition fee, however, is included in the contract ($900) on the lease. So I misrepresented myself indicating that I had already paid it; what I meant was that I am obligated to do so. Now -- this is interesting. I just called BMWFS. They tell me that they have no intention at this time of lowering their fee. But they also indicated that the fee they receive is less than $900 (wouldn't disclose the amount but indicated that the dealer makes a profit off the fee.). These fees have always been represented to me as imposed dollar-for-dollar by the leasing company, but obviously that is not the case! Now I am annoyed! As for your other point, the MF I am paying is exactly 0.0024 and the residual is 60%.
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Replying to: davidd3 (Aug 10, 2005 5:41 am) |
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