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BMW 3-Series Prices Paid and Buying Experience

9120 messages,  Last post on Aug 21, 2008 at 2:20 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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#7119 of 9120
Re: Trade-in Values [vonrauss] by abarr566
Jan 19, 2007 (10:35 pm)
Reply

Replying to: vonrauss (Jan 09, 2007 9:05 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
#7120 of 9120
Re: Trade-in Values [abarr566] by jtla
Jan 20, 2007 (1:31 am)
Reply

Replying to: abarr566 (Jan 19, 2007 10:35 pm)

I don't think it is fair to compare trade-in price with the price that you could get from the end users. Of course, you got more money by selling on your own -- you earned it. Put ads in the paper or on the web, answer calls/reply inquiries, make appointments with (and wait for) potential buyers for test drives (possibly over 2 weekends), negotiate the price, go to bank with buyer for cash or cashier's check, etc. Those are time consuming. But, overall, I think the biggest risk is dealing with total strangers and they KNOW where you live. (I know, I know, 99% of car buyers are good guys).
 
Dealers need to make a profit on reselling the trades they take in. The profit should be reasonable, the definition of which may depend on how you value those tasks mentioned above. I heard most dealers make more money from used-car sales, financing, and services than from selling new cars.
 
The way to avoid being ripped off on the trade-in is doing your homework, and negotiating like you would on the price of your new car. Get an idea of the value of your trade from Kelly Blue Book's website, check on autotraders.com, local newspaper, eBay, etc. Set a price range which you would accept. And be willing to walk off the door if the price you are offered for your trade is below that range.
 
Doing homework on the value of your trade may be more important than doing homework on the new car prices. In most markets, dealers face competitions selling new cars. But for the trade-in, their only competition at that moment is YOU. Don't give back to the dealer the money you just saved through negotiating a great price on the new car.
#7121 of 9120
Re: just got a lease [bmwpanic] by bmwpanic
Jan 20, 2007 (11:16 am)
Reply

Replying to: bmwpanic (Jan 12, 2007 7:39 pm)

ok good news!
 
After posting my lease deal on here several people said it was bad. A competitive dealer offered me a much lower price and my current dealer matched it. Reserving a car with some cash locks the car for you but doesnt neccesarilly lock the terms so in the end:
 
328i w/ automatic, heated and power seats. everything else standard.
MSRP:$35865
Term:36 month lease
Mileage: 12k/year
MF=.00190
Down Payment: $2,500
Monthly Payment: $399 per month including 6% tax and aq fee
  
good luck!
#7122 of 9120
Re: just got a lease [bmwpanic] by petexiao
Jan 22, 2007 (11:43 pm)
Reply

Replying to: bmwpanic (Jan 20, 2007 11:16 am)

I got a similar basic model 328i with only metalic paint.
 
MSRP 34845
Negotiated price 33857
Acq fee 625
Capital cost 34482
MF 0.0019
Res factor 61%(15k miles/year)
Security Deposit 500
Mthly payment 500 after 7.75% tax
 
Is this reasonable?
Thanks and any comments will be appreciated.
#7123 of 9120
Re: New to Washingon DC area [yank23ees] by brifromdc
Jan 23, 2007 (10:37 am)
Reply

Replying to: yank23ees (Oct 08, 2002 3:33 pm)

Fairfax BMW in Merrifield, VA just finsihed construction on a huge new service center. I'd check them out.
#7124 of 9120
DC Area Lease Cost on 328i by brifromdc
Jan 23, 2007 (10:40 am)
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Hi - getting ready to start negotiating for a 2007 328i. Can anyone share some quotes or prices paid for that car. Also, let me know what dealer you used - Fairfax, Passport or VOB. Thanks
#7125 of 9120
LeaseWise or similar fee services by brifromdc
Jan 23, 2007 (10:46 am)
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I read an article on LeaseWise recently - for $330 they get you 5 lease bids from local dealers. Has anyone had experience with this group or another similar type of service? They say it is much better than the free quotes you can get. Thanks
#7126 of 9120
Re: just got a lease [petexiao] by misterep
Jan 23, 2007 (12:02 pm)
Reply

Replying to: petexiao (Jan 22, 2007 11:43 pm)

You should be in the $450 range
#7127 of 9120
Re: just got a lease [misterep] by petexiao
Jan 23, 2007 (12:24 pm)
Reply

Replying to: misterep (Jan 23, 2007 12:02 pm)

Thanks. But how to get another 50 bucks off?
Which value above is not correct?
Dealer also mentioned extra 6 security deposit which can
bring down MF by 0.00007*6 = 0.00042 and decrease
monthly payment by around 23 bucks.
Do you mean this?
 
Please comment and I really appreciate it.
#7128 of 9120
Re: just got a lease [petexiao] by misterep
Jan 23, 2007 (3:03 pm)
Reply

Replying to: petexiao (Jan 23, 2007 12:24 pm)

You need to improve your negotiated price to 32,600...that would be about 40 bucks there.
 
Good luck....

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