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BMW 3-Series Prices Paid and Buying Experience

10327 messages,  Last post on Dec 08, 2009 at 11:04 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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#7110 of 10327 Got a leasing quote for a new 328i BMW in Socal by petexiao Jan 15, 2007 (10:42 am)
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. Replies to this message: nyccarguy (Jan 15, 2007 8:07 pm)
#7111 of 10327 Re: Negotiated my first lease--comments appreciated [glynis0916] by cchaman Jan 15, 2007 (11:16 am)
Replying to: glynis0916 (Jan 15, 2007 10:28 am) 1. Pay the acq. fee upfront. Capitalizing it will increase the money factor   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. Replies to this message: glynis0916 (Jan 15, 2007 11:51 am) petexiao (Jan 15, 2007 12:47 pm)
#7112 of 10327 Re: Negotiated my first lease--comments appreciated [glynis0916] by glynis0916 Jan 15, 2007 (11:50 am)
Replying to: glynis0916 (Jan 15, 2007 10:28 am) Forgot to mention lease term is 36 months 12K miles/yr
#7113 of 10327 Re: Negotiated my first lease--comments appreciated [cchaman] by glynis0916 Jan 15, 2007 (11:51 am)
Replying to: cchaman (Jan 15, 2007 11:16 am) thanks for the reply...this is already a done deal, but if that was my only mistake then i'm ok with it.
#7114 of 10327 Re: Negotiated my first lease--comments appreciated [cchaman] by petexiao Jan 15, 2007 (12:47 pm)
Replying to: cchaman (Jan 15, 2007 11:16 am) Sorry if I am wrong. Base point is .0001 right? 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?
#7115 of 10327 Re: Negotiated my first lease--comments appreciated [glynis0916] by kyfdx HOST Jan 15, 2007 (4:43 pm)
Replying to: glynis0916 (Jan 15, 2007 10:28 am) 1) Capitalizing the acq.fee seems to run about 50/50.. I always recommend it. It doesn't change the money factor, but you will be paying finance charges on that amount (just like any other amount that is capitalized).   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
#7116 of 10327 Re: Got a leasing quote for a new 328i BMW in Socal [petexiao] by nyccarguy Jan 15, 2007 (8:07 pm)
Replying to: petexiao (Jan 15, 2007 10:42 am) They're also marking up the Acq. fee by $200. Base Bank fee (BMWFS) is $625.
#7117 of 10327 Re: En Route [tcn2k] by bemer Jan 18, 2007 (8:05 pm)
Replying to: tcn2k (Jan 14, 2007 11:04 pm) If it is off the production line, it will be about 3 weeks. 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?
#7118 of 10327 Did I get a decent deal? by berman2921 Jan 18, 2007 (8:23 pm)
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?
#7119 of 10327 Re: Trade-in Values [vonrauss] by abarr566 Jan 19, 2007 (9:35 pm)
Replying to: vonrauss (Jan 09, 2007 8:05 am) Yes, unfortunately, this is common and 'normal' for BMW. Of course, typical factors such as your car's mileage, physical condition, maintainance history all come into play but at the end of the day, a pristine vehicle will still be lowballed by the dealer. Another trick they love is to 'increase' your trade in amount and then try to hide the difference in the price of your new one. As someone who experienced the SAME thing at a local dealership, I HIGHLY recommend that you try to sell the car on your own. Don't even think about Carmax or other outfits like that to sell it. I sold my old car through ebay for nearly $2k more than either of three dealers along the East coast offered me for the trade in (in fact, one of the dealers was honest enough to tell me that I'd definitely be better off selling it on my own). If you choose ebay, study other listings similar to your car and look at the ones that are actually SELLING with bids in the ballpark of what you're looking for. Insist that the buyer pay through escrow (or in my case, I had the buyer meet me at my bank for the transaction). I know that everyone hasn't had good experiences with selling on auction sites but speaking as someone who had NO time to put ads in the paper, take potential buyers for numerous test drives, etc, ebay was the Perfect alternative.   Good luck NC Geechiegal Replies to this message: jtla (Jan 20, 2007 12:31 am)

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