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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10311 messages, Last post on Dec 04, 2009 at 5:11 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: abarr566 (Jan 19, 2007 9:35 pm) 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. |
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Replying to: bmwpanic (Jan 12, 2007 6:39 pm) 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!
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Replying to: bmwpanic (Jan 20, 2007 10:16 am) 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.
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Replying to: yank23ees (Oct 08, 2002 2:33 pm) |
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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
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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 | |
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Replying to: petexiao (Jan 22, 2007 10:43 pm)
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Replying to: misterep (Jan 23, 2007 11:02 am) 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.
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Replying to: petexiao (Jan 23, 2007 11:24 am) Good luck.... |
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Replying to: jkstone (Jan 13, 2007 5:41 pm) I went to a dealer in South Florida today to lease a 2007 328i Sports Wagon with Premium Package, Premium Sound and Xenon headlights in Dark Green Metallic, with manual transmission, terra leather and dark burlwood trim. I offered $800 over European Delivery (ED) Invoice, which the dealer was glad to accept. My offer was for $36,050 with the options mentioned above, which includes the destination charge and "training fee." I was not going to capitalize the bank fee or sales taxes, which are $625 and 6.5%, respectively, in my area. When it came to the finance guy, though, I offered to "buy down" the lease with 7-times the security deposit to get the ultra-low Money Factor of .00061, and they thought I was insane. They wouldn't even do the "special lease" MF of .0011 mentioned in the post I am replying to. The "rack rate" MF on this model from BMW Finance on a 36-month lease at 15K miles/yr. is .00225 with a 60% Residual Value ont the ED MSRP of $38,305. With the "buy down" of 7 times the base security deposit, they agreed to a MF of .00176. All said, the deal was at approximately $498 a month. I think this included sales tax, but I am not sure because I wasn't able to leave the dealership with the quote. I walked out of the dealership and was disappointed that I couldn't get the .00061 MF, so I am looking to work with a dealer that can do ED and perhaps get a better lease MF than what I was offered today. PLEASE CONTACT ME or post here if you know any dealers that can do this European Delivery at a better rate. I would really appreciate any help or feedback!
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