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You are in the Prices Paid - Buying & Leasing Experiences
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BMW 3 Series, Sedan, Wagon
#7047 of 11958 Quote for 335i - good deal?
Dec 19, 2006 (3:42 pm)
I am working with a dealer on a 36-month lease for a 335i with premium package, cold weather pkg, automatic trans. Here are the terms of the lease we are working out:
MSRP = $44,595
Sales price = $42,300 (approx. $1200 over invoice)
Trade-in value for old car = $500
Residual = 61% or $27,202
Money factor = .0017
We expect to drive the car around 18,000 miles per year, so have a few scenarios by which to structure this deal:
1) Do a 15k miles per year lease with numbers above makes monthly payment = $537/month (At lease-end, we would have to pay overage for miles equaling approx. $1800 based on actually driving 18k miles per year at $.20 cents per mile)
2) Do an 18k miles per year lease with numbers above makes monthly payment = $573/month (This is because residual value drops to 58% with more miles in contract)
My questions are:
1) Do these numbers seem like reasonable deals?
2) Which scenario is the best deal? We are leaning toward #1 thinking we might be able to negotiate down some of the overage fees in 36 months if we re-lease w/ BMW
3) Is $500 a reasonable trade-in value for a 1997 Ford Escort with 160,000 miles on it, in pretty good condition?
4) Does it make more sense to have the trade-in used to reduce the cap cost, or is it better to have the trade-in applied to our upfront fees to reduce our cash due at signing?
5) Here are the fees we were quoted: Do these seem reasonable??
Security deposit = $600
First payment = $570
Doc fee = $50
Acquisition fee = $825 (is this negotiable??)
Plates, title, license = $535
Taxes = $1300
Total upfront fees = Approx. $3960
Thanks for any advice you can give me!
#7048 of 11958 Used 325i BMW Purchase for kyfdx
Dec 20, 2006 (7:00 am)
I would appreciate your wisdom regarding the purchase of a 2006 325i. It's been several years since I've been in the car market and could use all the help navigating the buying process. The local Infinity dealer has a 2006 325i with 8000 miles and asking $30,990. The only option on the car is auto transmission. The dealer claims the car is in excellent condition but does not have a vehicle history or carfax. I took the VIN to the local BMW dealer and found they sold the car new in June '06 and the car has not yet been in for service. I drove the car briefly but between the salesman talking, air conditioner and radio I didn't focus on the driving experience. Since $30,990 is the dealers opening "internet sales price" I assume they will go lower. Would $27 or $28,000 be a reasonable offer? If I buy the car and plan to keep it 5-6 years would it make sense to ask BMW to CPO it or buy the extended warranty? I will be trading in a 2000 Acura TL. Also, while at the BMW dealer I drove a 2006 X-3 CPO.The car was a great drive but it's out of my price range. The salesman mentioned several times that late December is a great time to buy a car and prices could really change. Anyone have any experience in buying the end of the year?Thanks.
#7049 of 11958 Re: Quote for 335i - good deal? [melissac1]
Dec 20, 2006 (8:32 am)
Your deal is very similiar to mine, but mine was only 12k and msrp of 44695. Since you are quoting at 15k per year, the monthly sounds about right. I negotiated no due at signing on mine. Your upfront fees sounds about right but you can negotiate that for upfront as well since I hate putting money down for leases.
Acquisition fee i paid on mine was 800. 600 is bmw na, 200 is part of the dealer. You can negotiate that portion. I have seen acquisition fee ranging from 600-895 from dealer to dealer.
Security deposit can be negotiated to be waived.
I am not sure why they are charging you 1300 in taxes when this is a lease; something isn't right.
As for scenerio, I would got with scnerio 2. Since you are leasing and you know how much you plan on driving; why worry when you are paying that much money to have to worry or let the car sit because you are over.
#7050 of 11958 Re: Used 325i BMW Purchase for kyfdx [fltfv]
by kyfdx@Edmunds HOST
Dec 20, 2006 (8:52 pm)
Pricing a 6-month old used car is sort of tough... The easiest thing to compare it to.. might be a similar loaner car that the BMW dealer has for sale.... though the loaners will likely have more options than just automatic.
I'll let you do that research and see if the asking price is reasonable..
That said.. If they are asking $31,000, a starting offer of $28K-$29K is certainly reasonable.. assuming you think the car is a good value at that price point.
If the car is only 6 months old, I wouldn't bother with an extended warranty... you'll be covered for 3.5 years more under the existing warranty.
Be sure to have someone check that the car hasn't been in an accident or had paint work.
The only other issue? Will you be happy with a base model car with no options?
#7051 of 11958 07 328i lease in NJ
Dec 21, 2006 (1:14 pm)
I just got the lease no. from a NJ dealer - 2007 328i metallic with premium pkg, auto and heated fron seats. The msrp with destination is 38495. 27 months 10k/year lease, 74% residual, MF .00175, $2600 due at signing (includes 1st month payment and $450 ref. security deposit, bank fee and title). $418/month payment and total lease cost is $13018. Is this good. I didn't discuss any further. Xenon can be rolled over for around $10/month more
I also asked about ED and there is approx. $2250 difference in base price ($30130 vs. $32400), although I will have to wait for more than 2 months for the car.
#7052 of 11958 Re: 07 328i lease in NJ [tyag3]
Dec 21, 2006 (3:55 pm)
Visit the ED board here. There's a 5k+ difference in price from MSRP to ED invoice pricing. Dealers will try to steer you toward BMWUSA's silly ED pricing but in reality if you follow that model the dealership makes a financial killing on the deal. Most people negotiate ED invoice + 800-1200 over for dealer profit.
My e90's MSRP was over 41k. I got the car via ED for 36.2k before my BMWCCA rebate.
#7053 of 11958 Lease on 07, 328XI Coupe
Dec 21, 2006 (3:55 pm)
This is my first lease, how do you guys think I did on it.
328XI Coupe, Premium Package, Cold Weather Package, Navi, Auto.
24 month lease at $499 per month.
12k a year.
Total due at signing $3,512 (Includes Tax, Tags, 1st Month, Security deposit)
Let me know.
#7054 of 11958 Re: 07 328i lease in NJ [blueguydotcom]
Dec 21, 2006 (5:26 pm)
So ED invoice will be roughly 7% off of the US invoice with options. Right?
#7055 of 11958 European Delivery: Number of days to pickup
Dec 21, 2006 (8:43 pm)
My local dealer in Washington Dc area is mentioning that it will take 60 days from the day I order the car for the car to be ready in Munich to be picked up? Is that normal or should I try another dealer.