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Prices Paid: Buying & Leasing Experiences 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
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Replying to: outie (Feb 10, 2007 11:05 pm) Your dealer is rolling the acquisition fee into the security deposit. The base fee is $625, but it looks like he is probably marking it up to the maximum of $825. This results in a CAP cost of $37125. If you use that number, I get right around $476/mo.+tax.. which is within a couple of dollars of your dealer. Taking the bumped up fee into account, your dealer is giving you a discount of around $1175 on the car... but, all base rates after that.. I would characterize that as a decent deal.. I'm not really up on the normal discount for a coupe. The dealer isn't bending over backwards, but they aren't really trying to take you either.. The leasing program is very good for a coupe, however... and that is what is making it a good deal. My only advice, other than asking for a lower selling price, would be to make a security deposit. This will lower the money factor to the base amount (.00125), and will lower the payment by $9/month. I'm basing all this on the numbers being the same as last month, which seems to be the case, based on your quote. regards, kyfdx PS: Definitely finalize the deal and lock in the February rates. Ask the dealer if you can defer delivery until the March rates come out, and use them, if they are better. Other than pushing the sale of your car to the next month, it won't cost them anything to do that.
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$36370 selling price +$825 acq.fee It looks lke you are already paying the DMV fees upfront... That is why the due at signing is higher than the payment. Try not to pay money upfront, in order to reduce your payment.. It is a false savings... The total amount will be almost exactly the same, either way.. and, that money factor equates to an interest rate of around 3%. regards, kyfdx
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Replying to: kyfdx (Feb 11, 2007 11:04 am) |
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kyfdx, I am brand new on this board and see that you are soooo helpful! So I hope you can help me figure out a good deal. I am looking to lease a 335 coupe. MSRP is $46,115. I have been speaking with a dealer and the best price I have gotten is $44,965. The dealer said that the MF would be .00190 (.00015 more because I have never used BMWFS before). Could you please give me an idea of what is a reasonable payment per month, assuming 36 month, 15k miles? My concerns are that even though I think I am getting a good MF, the dealer is going to "get me" with fees etc. What should I expect? Thanks in advance!
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| total MF is .00190, not .00190 plus .00015. So I guess I am getting the buy rate plus .00015. | |
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Here is some more information: 328i, Premium Package, Automatic, Metallic Paint, Satellite Radio 3 year/15,000 mile per year (61% residual and .00155 money factor, or so they say) 0 down, payment of $539/month after tax ($508.40 pre-tax) Seems like a good deal. Do you think I can do much better?
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Replying to: redbaron96 (Feb 11, 2007 11:48 am) $46115 MSRP $44965 Selling price $45590 CAP cost (selling price + $625 acq.fee) 3yr/45K lease 58% residual .00175 MF Payment = $650/mo.+ tax Due at signing = 1st payment, security deposit, title/license fees (Approx.$1700). Other than the acquisition fee (which the dealer may try to markup), and government required registration/license/title fees, and sales taxes, there shouldn't be any other fees or additions. regards, kyfdx |
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Replying to: rexx08 (Feb 11, 2007 12:05 pm) To get this payment, using the base rates (and the rates quoted are correct), the CAP cost would be about $200 less than MSRP. Assuming the acquisition fee of $625 is rolled into the payment, then you are being given a discount of around $825 from MSRP, or a selling price of about $37,765. Due at signing would be 1st payment, security deposit and title/license fees.. You might be able to get another $15/mo. knocked off that price without too much trouble... regards, kyfdx
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Replying to: kyfdx (Feb 11, 2007 11:04 am) 328i Coupe Automatic + Metallic + Sport pkg. MSRP: 38,745 Invoice: 35,720 Selling price: 37,300 Aq fee: 825 (capitalized -> monthly payment) Down: 0 (about $8xx drive off includes 1st month and DMV fees) Term: 36mo/10k Residual: 61% MF: 0.0009 (with $4000 sec. deposits) Monthly payment: 460.57, + $38 CA tax = $498.57 |
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