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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10311 messages, Last post on Dec 04, 2009 at 5:11 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: rrsa (Jul 20, 2006 7:47 am) Pricing looks right. Don't know about the MF as I'm looking to purchase, not lease. |
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Replying to: sdso (Jul 20, 2006 12:38 pm)
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Hi all, I've posted this in the lease forums, but no one has responded so I'm gonna trying posting here. I've done some more shopping and talked to a few more salesmen to learn some more about leases. They're really reluctant to give out any numbers. I live in the L.A. area and I guess they don't want me to just take whatever they're offering and comparison shop. Anyways, I the salesman I talked to today told me that it doesn't make a difference whether I wait until September or October and try to negotiate a better selling price when I'm leasing. According to him, the money factors and residual values will adjust so that whatever savings I make from the selling cost will reduced to zero. Is this true? Basically he was saying that lease money factors will increase in September and October and residual values for 2006 vehicles will go down. If it's true, that's too bad. I thought I could get the best possible deal by doing some research now before finally leasing the car in the Fall.
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Replying to: newcar45 (Jul 22, 2006 8:12 am) Once the new model comes out, the re-sale of the old model generally drops enough to make leasing problematic.. At that point, car companies generally shift the incentives to dealer cash or consumer rebates, rather than high residuals or low money factors.. So, if you are buying, you can wait and get a deal... but, if you are leasing, you just have to watch and grab your lease when everything looks to be best... waiting for lower prices is often offset by lower residuals.. Of course, all this speculation is general in nature, and there are always exceptions...
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Replying to: argen4444 (Jul 19, 2006 7:11 pm) Highly recommend Reeves - this is my second car from the dealership and they do a nice job in the service department, they only sell high-end cars so they do not seem to have a lot of interest in being pushy or in playing a lot of games. I also visited Ferman - they were helpful and professional but neglected to contact me after my visit with a price or with a time to visit and order a car (I left a business card, my cell number and a list of the options I wanted in my car). This was a bit puzzling. I currently drive a Mercedes Benz and I stopped by after leaving the office. They evidently sized me up as someone just looking for a joy ride in the car. I would have thought they would have understood that I actually was in the market for a car. However, I tend to be a bit picky and eliminated the dealership (despite it being a little closer to my neighborhood) because I worry that they may not be very responsive in other areas (such as service). Based upon my experience, I would say that the inventory of 2006 models is dwindling and if you have any unusual needs (I wanted a manual) then you might not get exactly what you want unless you order a 2007. Also, they are adding another model to the lineup (a 3.0 turbo model) that might be interesting if you want a really fast car. The 2006 with 255hp was more than enough for me. I don't know when that one will be on sale - probably when the last of the 2006 lineup is gone I suspect. Not an issue for me - I don't really want a turbo and the 330i is nearly perfect in terms of power and handling. Overall, the entire transaction took about an hour (including the test drive). Not sure if there will be any other issues since I won't get the car until September but if there are I will report them on this forum. Never ordered a car before so I don't know what to expect.
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Replying to: sdso (Jul 20, 2006 9:47 am) I actually started with Costco.com, got the price then shopped it around. I found out my original dealer (Brect)was marking up the money factor and bank fee, when I told them other dealers had better numbers, they kept the reduced price ($950 over invoice on the convertible, I think just $450 over invoice on the i) and reduced the money factor. I posted the specifics about my purchase in an earlier post if you are interested. |
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Currently, I have an '03 330xi (premium, nav, auto, heated seats, xenon, 37,000 miles) My lease is coming to an end and I was going to buy-out my car. The buyout price is $27,000. If I include extended warranty & maintenance, it brings the total to $31,000 excluding tax etc. PLease advise on the following: 1. Is the extended warranty/maintenance ($4,000)worth it? (I cannot do any maintenance myself) 2. I will have to finance it for 3 more years (8%) What is expected additional costs should I keep it. 3. At $31,000 for a 3 year old car, should I just buy a new '06 A4 w/ same options for $5,000 more? I went to Audi dealer today and will get it $600 below INVOICE if I decide by end of week due to some kind of dealer incentive. I cant decide what to do. I LOVE my car but $31,000 seems like a lot for a 3 yr old car. I know Im not comparing apples to apples, obviously bmw is better (drives better, smoother, looks better etc), but its older and I feel like I should take advantage of the A4 deal. At the same time I dont really know how reliable A4 is. Basically, I want the least amount of problems (reliablity very impt.)HELP ME!
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Replying to: kjh78 (Jul 23, 2006 6:09 am) One other possibility.. There is a very good chance that the price your dealer would pay for your car, if you were turning it in, is much less than your buyout of $27K.. Ask your dealer if they can buy your car, CPO it, add the extended maintenance extension, and sell it back to you for less than the $31K.. They might be able to knock off another $1K-$2K off of that $31K.. But, IMO, even that would still be a lot of money for an '03 330Xi.. I'd rather lease a new BMW or Audi... regards, kyfdx
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Replying to: kyfdx (Jul 23, 2006 7:51 am) |
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Replying to: kyfdx (Jul 22, 2006 11:42 am) Sorry to response to a quick answer with another quick question, but a colleague told me that someone in my position would be better suited to finance the car (even though it would require higher monthly payments) and keep it for a minimum of 3-years. If, after 3-years, I decide to sell it (even though it's not fully paid off), I can sell the car and have the new buyer pay off the remainder or just simply continue making the monthly payments. Either way, it'll be cheaper than leasing it. It sounded like a pretty crazy idea at first, but then it began to make a little sense. Everyone knows leasing a car is the most expensive method of purchasing a car. Actually, you're not even purchasing it, just renting it. Anyways, sorry about asking so immediately before doing some more research on my own, but it's just been on my mind.
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