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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10325 messages, Last post on Dec 08, 2009 at 12:50 PM
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Have any of you found that the trade-in that you're offered for a current BMW (assuming that you're just looking to trade-up) is SIGNIFICANTLY lower from the BMW dealerships than it is from other luxury brands? I'm consistently getting offered $1500-$2000 less for my 3-series trade at a BMW dealership than I am at Lexus, Acura, and Range Rover. Each dealership claims that their price offered is "the best" they can do, and refuse to negotiate it further. I'm simply trying to trade in my 2002 3-series for a newer model. Am I the only one experiencing this phenomenon? Thanks for any/all help! von Rauss
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Replying to: vonrauss (Jan 09, 2007 8:05 am) |
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| Might as well put a sticker on your head that says - "Ask me how I can give away $2000." | |
Looking to possibly buy my 2003 330XI at lease end. Residual value is $22,800. I currently have 6 months left on the warranty. Can I negotiate the sales price? Will BMW certify the vehicle. Should I buy an extended warranty? If so, should it be from BMW or an outside source? Who do I negotiate with BMW Financial or should I call the dealer. Also, I paid taxes on the sales price of car at the beginning of the lease. Do I have to pay sales tax all over again? I live in Maryland. Looking to complete this transaction by next week. Either buyout my lease or look for something else. I've found these forums extremely helpful and now in quandry. Thanks 
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Replying to: edrn (Jan 10, 2007 4:36 am) 1) BMW will not negotiate buyout prices. The residual is the price you'll pay. Look at KBB.com, Edmunds.com, NADA.com, and dealer listings to see how the prices compares to market. You need to compare to dealer retail price, since you are effectively purchasing a pre-owned car. 2) You can pay BMW roughly $2,200 to certify your vehicle, which extends current warranty to 6 years/100,000 mi. This is really same as buying an extended warranty from BMW called the Original Owners Protection Plan. Certification would really only be useful if you weren't original owner and not otherwise familiar with the vehicle's history. 3) You can buy a much longer warranty, at much lower price, from warrantydirect.com. They have good reviews, and that is what I am planning to do. 4) You can buyout through dealer or BMW Financial. I think it's easier just to deal with BMW Financial (800-578-5000), you can handle everything by phone and mail. 5) I don't know about tax situation. It varies state by state. BMW financial will tell you. Most states charge you tax during the lease only on the payments (financed depreciation), but not on the residual. If that is the case, you would have to pay sales tax on the $22,300 buyout price. You can look at your lease to see what tax you paid. Again, BMW financial will help. 6) You can purchase vehicle with cash or BMW will finance for you as term loan.
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Replying to: txbmwfan (Jan 10, 2007 1:16 pm) Thanks again 
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Replying to: edrn (Jan 10, 2007 7:33 pm) |
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Locked this in today 328i w/ heated and power seats. everything else standard. MSRP:$35865 Term:36 month lease Mileage: 12k/year MF=.00190 Down Payment: $2,500 Monthly Payment: $419 per month including 6% tax and aq fee Total Due at signing: $3911 Hope this helps any other shopers. Any opinions?
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Replying to: bmwpanic (Jan 12, 2007 6:01 pm)
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Replying to: misterep (Jan 12, 2007 6:31 pm) Is it that bad? really? how much better do you think I could have done?
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