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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
9147 messages, Last post on Aug 29, 2008 at 5:36 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: omerfar (Jan 27, 2007 7:11 pm) So, following omerfar's suggestion (and knowing they would be selling at auction shortly if I didn't buy) I offered $20500 for the car, $21000 for the car with the add-on warranty that BMW offers (the $1395 one that extends the service and maintanence from 50k to 100k miles). Got a phone call and email back explaining how my offer was under wholesale (BS), they'd be losing money on the car for that, that she could "maybe squeeze a couple hundred dollars" out of her manager, and then they displayed the TMV page where it shows the car is worth $26000 retail. I explained to them I don't put much stock into that because according to that, that means the car is only worth a few thousand less than when it was originally on the lot 3 years and 30k miles ago. Series of emails and phone calls followed. This was Tuesday, Jan 30th. Got an email and phone call from the dealer the next day (Wed. Jan 31). Called back and they basically asked if we could find a price whether or not I'd come in today to sign. Absolutely I said. She figured out the difference between what the car was asking ($23998) and what I was offering ($21000). She said she'd talk again with her manager and knowing that I'd come in today to sign, she'd see what she could do. Dealership calls back about 15 mins later. Best they can do is $300 off because anything more and they'd be losing money on the car, but they can also knock $400 off the warranty, so it's like they're knocking $700 off. More discussion followed, but what it came down to is that they were still only coming down $300 on the car. Granted, when I initially test drove the car the sticker price was $1000 more, but they wouldn't come anywhere near my offer. I found out that a guy I work with has a friend who works in this dealerships finance department and he asked her about the dealership. Apparently this dealership would rather lose money on a car at auction and save face instead of coming down on price and creating a reputation of a dealership where deals can be had. Really frustrates me as a consumer. I'm in the process of moving to a different job where I'd make significantly more money than I do right now and might even be looking for a new BMW in the near future instead of this used one. There's no way I'll be going back to a dealership that would rather lose money at auction than make a customer.
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Replying to: drolly (Feb 02, 2007 2:37 pm)
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Replying to: blueguydotcom (Feb 02, 2007 2:45 pm) |
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I received the following quote for a 2007 328i from a southern Cal dealer: Options: Automatic and sport package Invoice $33730 + dealer fee $800 (mats included) Is it a good deal? |
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KYDFX: I'm looking at the possibility of leasing either a 335 coupe or sedan tonight. Can you give me the pertinent leasing info? MSRP = $44,750 Assume price of $43,000 Term = 24 or 36 Down = Zero or $3k 10,000 OR 12,000 miles per year THANKS!
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Replying to: vinnyny (Feb 05, 2007 10:55 am) I can work up a price using last month's numbers, if you like... Something tells me that the 3-series numbers won't change much, though the 5-series are getting worse.. |
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Replying to: vinnyny (Feb 05, 2007 10:55 am) $44750 MSRP $43000 Selling price $43625 CAP cost (selling price + acq.fee) 3yr/36K lease 63% Residual .0015 MF Payment = $537/mo.+ tax Due at signing = 1st payment, security deposit, title/license fees (approx.$1500) With another $1500 as a cap cost reduction, the payment would drop to $493/mo.+ tax 3yr/30K? Payment = $525/mo.+tax with $1500 extra down = $481.mo.+tax regards, kyfdx |
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Replying to: kyfdx (Feb 05, 2007 11:06 am)
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I am going to be buying a relatives 2004 330XI with 23k miles at lease end in one month. Does anybody know the process for purchasing at lease end by someone other than the current lesser? Also, the end of lease purchase price that was set when the car was originally leased is $26.6K and I was hoping that I could negotiate down from that number, does anybody know if this is possible? |
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Replying to: vinnyny (Feb 05, 2007 4:48 pm)
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