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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

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


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#6447 of 10320
HOW DO I PULL VALUE OUT OF MY LEASE??? by evoic
Apr 22, 2006 (4:29 pm)
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I bought a 330i in 2001, paid for half in cash.
In 2003, I sold the car to a dealer, pulled $10k cash out of the car, and rolled $4500 into a 3yr lease for an identical version of the car. (Sport/Premium, Leather, Blk/Blk, Auto, Xenon, HK sound)
Now - in 2 months, my lease for this car is up.
My car "blue books" for about $33k retail, $28,250 private, and $25,400 trade-in value.
I currently owe $24,700 after the payment I make in 3 days.
 
Here's the dilemma. I am paying $465 monthly and I do not want my payment to go up, but I only have $1,000 cash to spend on a lease. (instead of $4,500 that I rolled into it last time) I am willing to leave the premium package off of the next 330i that I get, which will save me $2,200 retail.
 
Without the dealership GIVING ME MONEY for the lease that I am turning into them on June 28th, I don't think that there is any way that I can get the deal I want.
 
How does one go about negotiating some kind of value out of a car that they have to release in 2 months anyway??
 
Should I just sell it? I'd dump it for $27,500 if I knew I could find a buyer quickly, but I don't know how easy that would be and if it's worth it anyways.
 
Any ideas here? Thank you!
#6448 of 10320
Re: Which deal would you choose? [paultxrn] by daveyboy
Apr 23, 2006 (4:31 am)
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Replying to: paultxrn (Apr 22, 2006 7:26 am)

I would choose none of those.
 
First off it would be cheaper to lease out the 330i b/c of the difference in money factors. Second I Just picked up my 330xi which was equipped as follows:
premium
cold weather
auto
navigation
 
My MSRP was about $45500 and my lease deal is this: 560/month for 27 months. 15k, no money down, taxes in the payment(8.625%). Just first month and bank fee up front. I think you are getting a terrible deal. for the 36 month leases the 330i has a lower mf and hgiher residual than the 325 and it comes with more equipment. Go with that.
#6449 of 10320
Re: Which deal would you choose? [daveyboy] by jvpr
Apr 23, 2006 (4:56 am)
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Replying to: daveyboy (Apr 23, 2006 4:31 am)

what was your beacon score to get these numbers?
#6450 of 10320
Re: HOW DO I PULL VALUE OUT OF MY LEASE??? [evoic] by kyfdx HOST
Apr 23, 2006 (7:43 am)
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Replying to: evoic (Apr 22, 2006 4:29 pm)

My local dealer has a car like yours.... Asking $29K.. That is CPO with the extended warranty, etc.. I doubt you have much positive equity in your car.. I could be wrong, though..
 
If you put $4500 down to get a $465/mo. payment three years ago, it seems doubtful you could get the same payment with only $1000 down in 2006. That works out to about $100/mo. less.. I don't think cars are getting any cheaper, and there really aren't any extra lease incentives on the 3-series right now..
 
regards,
kyfdx
Host-Prices Paid Forums
#6451 of 10320
Re: Which deal would you choose? [jvpr] by daveyboy
Apr 23, 2006 (8:27 am)
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Replying to: jvpr (Apr 23, 2006 4:56 am)

around 800, i qualified for the highest credit rating
#6452 of 10320
Re: Which deal would you choose? [jvpr] by paultxrn
Apr 23, 2006 (8:30 am)
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Replying to: jvpr (Apr 23, 2006 4:56 am)

It's above 800, that's all I know.
#6453 of 10320
Re: Which deal would you choose? [daveyboy] by paultxrn
Apr 23, 2006 (8:36 am)
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Replying to: daveyboy (Apr 23, 2006 4:31 am)

That sounds like good advice, except that i'm having trouble locating a 330i with those options. There seems to be a lack of inventory in my area. My current leased vehicle has to be turned in by May 7th, so i have a deadline to meet. I'll see what I can find and compare the numbers.
#6454 of 10320
Re: Which deal would you choose? [paultxrn] by daveyboy
Apr 23, 2006 (8:44 am)
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Replying to: paultxrn (Apr 23, 2006 8:36 am)

you can always order a car and extend your lease for a month or two
#6455 of 10320
Re: HOW DO I PULL VALUE OUT OF MY LEASE??? [kyfdx] by evoic
Apr 23, 2006 (7:24 pm)
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Replying to: kyfdx (Apr 23, 2006 7:43 am)

I didn't mention only 30k miles, M racing wheels, Factory Alarm, and a handful of other goodies that add to the final price. What I think I REALLY need to know is that if I dump it for $26-$27k to a private buyer, how bad am I going to get hit with fees that I don't know about?? I live in California and I'm not exactly sure about what the rules are for taxes on a sale like that.
#6456 of 10320
Re: Which deal would you choose? [paultxrn] by vsaxena
Apr 23, 2006 (10:17 pm)
Reply

Replying to: paultxrn (Apr 23, 2006 8:36 am)

BMWFS will extend the lease for two months at the old rate with no questions asked. If you have a car on order they will extend it up to 6 months. So you should do a European delivery and get a nice discount on the car without having to worry about turning it in.

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