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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
9233 messages, Last post on Oct 07, 2008 at 4:33 AM
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If anyone has some input on this lease, let me know if this is a good deal. Value of Car - $40,495.00 / Term - 3 Years / Mileage - 12,000/year / Cash out of pocket - $5,000.00 / Residual - 64% / MF - .00305 / Payment - $542/month Also, is Active Steering worth it? I have heard good and bad, but what is the skinny on this?  Please advise. ThanX Max |
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Replying to: maxdiesel (Jan 23, 2006 11:55 pm) |
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Replying to: maxdiesel (Jan 23, 2006 11:55 pm) You gave us the MSRP of the car but what is your negotiated price? Always negotiate the price of a car before ever discussing payment options and trade-ins. And that MF is very high. Active steering is a gimmick. Go with normal and save yourself some dough and future headaches with a technology that should not even be implemented on cars.
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I'm sort of reposting an earlier post since I havent gotten any responses. So, I'm interested in leasing a 330i before my current car lease comes due (Feb. 20th). I believe the current money factor and residual for a 330i with 10k mi/yr is .00195 and 65%, respectively. Do you guys think the MF will go up or the residual will go down for the month of Feb.? If so, this would make leasing more expensive and it would probably be better to make a deal in January. Does my logic sound correct? Any suggestions would be appreciated.
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Replying to: eddyp (Jan 24, 2006 11:34 am)
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Replying to: blueguydotcom (Jan 24, 2006 9:57 am) If my dealer is not willing to negotiate price and MF, do you think I would be successful elsewhere. Never negotiated a lease before. I want the best deal, but I don't want to spend days working on it.
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Replying to: maxdiesel (Jan 24, 2006 12:53 pm) |
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I am turning in my 03 BMW 325i in 3 weeks for lease end. First of all, I am 21,000 miles over my limit at 20 cents a mile. Also, I have body damage to the car. I estimate the damage to be at about 3500. My buyout price is 19,500. I have been racking my brain for a while now and dont know what to do. Do i turn it in and reap the damages, or is that just plain stupid? Do i buy the car, then trade it in on a new one? Should i fix the damages before i trade it in if i buy it? Help!
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Replying to: pacinko (Jan 24, 2006 2:05 pm) 1. Check Edmunds and find out what the car is really worth. Maybe you can sell it for a smaller loss? 2. Get your car appraised for repairs. that much damage must be covered by your insurance...pay your deductible and take your medicine. 3. take it to a BMW dealer and ask what they think will happen. Buying the car may be a viable option if it's worth more than 16k with that mileage (body work not included). Why the hell are you driving around with 3k in body damage to a 3 year old car?! And why didn't you do something before you went over your mileage limit? I've leased a few times and I always figure out how many miles per week I can go without risking penalties. When I had a job 90 miles roundtrip from home I went out and bought a commuter car. That car, which I sold last summer ended up costing me 2k in depreciation and $300 in tires/oil changes over 30k miles. Small price to pay considering two tire changes on my 330i woulda cost me 2,000 alone. add in the extra fuel costs and I would easily have surpassed my expenses. Can you imagine having a 330i 30,000 miles over its lease limit? Egad! Finally, BMW offers you a chance to buy miles at either 5 or 10 cents BEFORE turning in your lease. Call BMWFS and ask about the program. |
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Replying to: np1 (Jan 23, 2006 11:33 pm)
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