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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10318 messages, Last post on Dec 06, 2009 at 9:01 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I just negotiated my first lease on a 328i coupe, auto. trans. w/ premium and sports packages and navigation. I'd appreciate any input as to whether you think I got a decent deal: MSRP $43995/Invoice 40450 Negotiated $42588 Bank (acq.) fee $625 BPA fee $28 Cap Cost 43241 Cap Reduction (trade in) 2416 Adjusted Cap Cost 40824 RV 60% MF .00140 Tax 8.25% Total monthly payment = 535 including tax. I received $3500 for my trade-in which was actually more than I expected, considering that I heard BMW typically ripped people off with trade-ins. To me this made up for the mediocre deal they gave me off the MSRP of the car. The rest of the trade-in money covered license tax registration and first month's payment, so I paid nothing in cash out the door. For me this also validated the deal. A few questions: 1. Is it typical to capitalize the acquisition fee instead of paying cash? 2. I always thought a lease requires a deposit (I didn't have to pay one)--is this correct? 3. Did I get ripped off on the MF? I couldn't get them to lower it to .00125 or .00130 even though I had good credit. Thanks for any input. |
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Hi all, I just got this today for a base model 328i silver with only auto transmission on it. Dealer told me the profit for them is around 600. MSRP: 34845 Cash saleprice: 33845 Acquision Fee: 825 (Banking fee, with BMWFS) Total CAP cost: 34670 DMV fee: 285 MF: 0.0021 Res: %61 (15000mile/year) Monthly base: 490.07 Tax: 37,98 (0.0775) Monthly Payment: 528.05 Down payment: 0 Driveoff: 1420.29 Is that a reasonable price? Please suggest, thanks.
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Replying to: glynis0916 (Jan 15, 2007 10:28 am) 2. You trade-in is kinda covering that 3. Not really, but you can reduce it. Ask the dealer instead of reducing the Cap cost with the trade-in...if he can apply the money towards additinal security deposits. For exach additional one you bring your MF down by 7 bps (basis points). Also tell him the BMW MF for lease specials in 0.0011 -- with additonal deposits you should be able to brink this down to 0.00061.
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Replying to: glynis0916 (Jan 15, 2007 10:28 am) |
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Replying to: cchaman (Jan 15, 2007 11:16 am) |
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Replying to: cchaman (Jan 15, 2007 11:16 am) So each additional deposit will bring MF down by 0.7 base point? 0.0011 - 7*0.00007 (7*0.7 bps) = 0.00061 Can this reduction rate be applied to 328i Sedan also? |
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Replying to: glynis0916 (Jan 15, 2007 10:28 am) 2) The initial security deposit can be waived for a bump in the MF of .00015.. In the long run, you lose money by doing this. From the dealer's standpoint, they can make the lease payment lower by taking that same amount and crediting it towards CAP cost reduction. This makes the deal seem better. 3) If you got .0014, then you got the base rate w/security deposit waived. The only way to get the .00125 rate is to make a security deposit. Since you had a trade, only you can judge how good your deal is. You got the base rate and acquisition fee (very good), didn't make a security deposit (not so good), got a piddly discount from MSRP (not good), but evidently got much more for your trade-in than you expected (good, very good, or great?). So, it seems you got a very fair deal, assuming your judgement of your trade value is accurate.. You definitely did not get hurt on this transaction. Enjoy your new car! kyfdx |
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Replying to: petexiao (Jan 15, 2007 10:42 am) |
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Replying to: tcn2k (Jan 14, 2007 11:04 pm) From the day of order until arrived was about 6 weeks. My was ordered in Minneapolis, so it was delivered on the vessel to North Carolina. I am not sure about so.cali? |
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| Just picked up a slightly used (4kmi) 335 coupe with auto, premium, sport, cold, metallic for 41,200 before taxes. msrp ws 47,300, invoice 43,500. Did I get a fair deal? | |
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