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BMW 3-Series Prices Paid and Buying Experience

10319 messages,  Last post on Dec 07, 2009 at 12:34 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? BMW 3 Series, Sedan, Wagon


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#6388 of 10319
Re: Swaplease [leo11] by kyfdx HOST
Apr 16, 2006 (5:07 am)
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Replying to: leo11 (Apr 15, 2006 8:36 pm)

Issues you might run into...
 
1) Not sure how they calculate lease tax in Cincinnati (even though I live near there), but I think it is paid upfront.. Since you live in Texas, it is possible that you will have to pay tax on the entire value of the car (or BMWFS will) when you register it. The guys at Swapalease are very experienced, and should have this information available. If they don't, BMWFS will surely know.
 
2) The transfer fees (to BMWFS) are $450.. That is a great offer.... but, I wouldn't have the car shipped.. You can probably fly one-way to Cincinnati for $200.. That way, you see what you are getting, and you don't have to deal with the "what-ifs" of a shipping company.
 
3) There shouldn't be any other fees, other than what Swapalease might charge you to sign up.
 
4) The NAV should work anywhere in the 48 states...
 
Regards,
kyfdx
#6389 of 10319
06 330 sport/prem/manual by jaydoll
Apr 16, 2006 (8:41 am)
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I was quoted $800 over invoice on Sat from a dealer in New England. Car was as follows:
 
330/sport/prem/metalic paint/heatedseats
 
I was told retail is $42070. My cost is $39,801. Dealer doc fee is $45.
 
The lease rate for 3 year with no money down is $476 +state tax. This was calculated using a MF of .00195. Residual is 65%
The lease rate for 24 month is $517+state tax. This was calculated using a MF of .00220 Residual is 74%
 
I typically do approx 5K miles a year.
 
The best interest rate interest rate I have seen fora 60 month term is approx 5.75%.
 
Any thoughts would be much appriciated. My current lease ends in two months
 
Thanks,
 
Jay
#6390 of 10319
Re: 06 330 sport/prem/manual [jaydoll] by kyfdx HOST
Apr 16, 2006 (5:37 pm)
Reply

Replying to: jaydoll (Apr 16, 2006 8:41 am)

This looks like a great deal... How much money is due at signing?
 
How do you reconcile only putting 15K miles on your car over three years, with the amount you are paying to lease it? It seems that you'd be better off getting a 72 month loan, and selling at the four year mark with only 20K miles on your car... Your payment would still be higher than the lease, but you'd probably have a lot of positive equity at that point...
 
Plus you'd still have warranty and free maintenance for the entire period..
 
Just my $0.02
kyfdx
#6391 of 10319
Re: LA Areas Deals [rats13] by chizower
Apr 16, 2006 (7:11 pm)
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Replying to: rats13 (Apr 15, 2006 9:52 pm)

Sounds like a nice deal rats13! What dealership did you purchase from? and how much additional $$$ would you expect to save if you purchased a car off their lot?
#6392 of 10319
Re: 06' 325i trade in value [tenzo] by dl7265
Apr 16, 2006 (8:56 pm)
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Replying to: tenzo (Apr 07, 2006 4:37 pm)

Over 7k depreciation in 9k miles ? NO way. Id guess closer to 4k. If you have a local Carmax try that out. For comparison I saw that a KY dealer (BMW store) I think it is is asking only 1-2K Off on loaners that have more miles than yours.....
 
Good Luck,
DL
#6393 of 10319
Re: LA Areas Deals [chizower] by rats13
Apr 16, 2006 (9:54 pm)
Reply

Replying to: chizower (Apr 16, 2006 7:11 pm)

I bought from South Bay BMW in Torrance. I actually have no idea what kind of deal they would have made on a car on the lot cuz we never talked about that. They pretty much had no 330's on the lot to speak of. I think if I had wanted a 325 I might have had a chance at an in stock model. One thing I was kind of surprised is how much extended warranty was. They wanted $3,700 for it to start and came down to $3,200 STILL way too high for me. I was thinking about it coming in the door but they made my decision easy.
#6394 of 10319
Re: 06' 325i trade in value [dl7265] by jabrolta
Apr 17, 2006 (5:28 am)
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Replying to: dl7265 (Apr 16, 2006 8:56 pm)

The depreciation sounds about right. I just traded in my 06 330i (Premium, Sport, and Cold packages) with 6800 miles for a 2005 545i (paid only $1400 over trade in) and I lost about $7k. If I include taxes, I lost close to $9k in under a year. I was surprise to see that the 06 3 series are not holding their value as predicted. I have seen the same car with the same options at Car Max selling for under $35k with about the same miles. Obviously this car did not stay on the lot for long because it was a good deal. This means the trade in is very low for the 06 3 series. Edmunds just recently posted their car appraisal for the 06 3 series (click link below). Hopefully my 05 545i does not lose too much vale since the introduction of the 06 and 07 550i.
 
Edmunds 2006 3 series appraisal
#6395 of 10319
Re: 06' 325i trade in value [jabrolta] by blueguydotcom
Apr 17, 2006 (9:41 am)
Reply

Replying to: jabrolta (Apr 17, 2006 5:28 am)

Oh that doesn't bode well. I'm considering dumping my 06 330i (1500 miles, 6 speed, sport, leather, pdc, comfort access) and I'd like to get 36k for it - I wouldn't be losing any money on it then.
#6397 of 10319
Re: 06' 325i trade in value [jabrolta] by jackreid
Apr 17, 2006 (10:10 am)
Reply

Replying to: jabrolta (Apr 17, 2006 5:28 am)

Did you try to sell it privately? If not I had the same situation and sat on the car for three weeks and received 3k more than the dealership offered. Three grand is three grand, but I know some people don't want the hassle. These dealerships know they have us by the horns when we want out of one cart to get what really want

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