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BMW 3-Series Prices Paid and Buying Experience

10309 messages,  Last post on Dec 01, 2009 at 8:07 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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#7266 of 10309 Re: Dealing with bay area BMW dealers [jim_beam] by blueguydotcom Feb 25, 2007 (3:51 pm)
Replying to: jim_beam (Feb 25, 2007 11:05 am) Contact Sac BMW dealers too. If the boys in the bay area won't play ball, look elsewhere. A 328i is a 400-500 over invoice car. If you really want the car, don't be afraid to order it - in so cal $500 over invoice is just a matter of calling around. The 328i in california is the equivalent of a Honda Accord...so common they must deal from invoice up as it's everywhere.
#7267 of 10309 Locking in Rates by sidadeno Feb 26, 2007 (12:03 pm)
Hello,   My dealer mentioned that even if I don't buy from him, I should fill out a credit application this month to "lock in the rates."   Is it possible to lock in February's MF? Can you only do this if you buy a car in February or can the rates be used later?   thanks
#7268 of 10309 locking in by nyccarguy Feb 26, 2007 (7:44 pm)
BMWFS lets you lock in your rate for 60 days.
#7269 of 10309 Re: Dealing with bay area BMW dealers [jim_beam] by jim_beam Feb 26, 2007 (9:16 pm)
Replying to: jim_beam (Feb 25, 2007 11:05 am) roxy68 and blueguydotcom - thanks for the tip. You have been very helpful. I will check out the Sac option. Replies to this message: blueguydotcom (Feb 26, 2007 10:24 pm)
#7270 of 10309 Re: Dealing with bay area BMW dealers [jim_beam] by blueguydotcom Feb 26, 2007 (10:24 pm)
Replying to: jim_beam (Feb 26, 2007 9:16 pm) If the dealers in sac won't play ball, a flight to la or san diego is only $50-60. If we're talking a big difference in price, don't be shy about contacting socal dealers.
#7271 of 10309 335 lease question for kyfdx by mk0974a Feb 28, 2007 (4:51 pm)
Hi,   I've been an avid follower of this forum for quite sometime, but never thought I would actually be posting here. I am looking to lease a new 335 coupe. I finally managed to find one in NJ with a 6 speed manual transmission completely loaded. MSRP comes to $49,615. I currently have a GS 300 with about 73,000 miles on it which Im looking to trade in. I got offered $12,000 at carmax and I was thinking of going just trading it in at this dealer (for the same or higher amount) and using that money as a down payment on the lease. I've never leased before but have been told that is not a wise decision. I told the dealer that I would trade the car in and pay another 3,000 bringing it to a 15,000 down payment. He calculated a lease of 257 a month for 24 months and I just wanted to ask whether or not this sounds reasonable? I apologize if the question seems stupid, but I have never leased before and am looking to learn as much as I can from everyone here. Thanks to everyone in advance for the help!   MK Replies to this message: blueguydotcom (Feb 28, 2007 5:12 pm) kyfdx (Feb 28, 2007 7:40 pm)
#7272 of 10309 Re: 335 lease question for kyfdx [mk0974a] by blueguydotcom Feb 28, 2007 (5:12 pm)
Replying to: mk0974a (Feb 28, 2007 4:51 pm) Never put money down on a lease. Sell your GS but then put that money in the bank. eTrade's saving account pays 5%. If you put 12k into a lease and destroy the car in a wreck...you're out 12k. Lease with zero down (or bare minimum of security deposit) and you wreck the car you're out the security deposit.   I strongly suggest you visit www.leaseguide.com to learn about the ins and outs of leasing.   Beyond that, you always negotiate the sale price of a car - purchase or lease - always negotiate the sale price. The lower the negotiated price, the less you pay per month.   You should learn the MF for a 335i. This is negotiable too. Dealers can mark it up - so ask for that exact number. Feb rates on the 335i coupe =   24 mo/15k mi – Residual Value 68% of MSRP – .00175 Money Factor Buy Rate 36 mo/15k mi – Residual Value 58% of MSRP – .00175 Money Factor Buy Rate   That's a 4% rate.   Another thing to look into - multiple security deposits (MSDs). These will help you adjust the MF up to 0.00049 points.
#7273 of 10309 Re: 335 lease question for kyfdx [mk0974a] by kyfdx HOST Feb 28, 2007 (7:40 pm)
Replying to: mk0974a (Feb 28, 2007 4:51 pm) Yeah.. everything that BGDC says..   Let's lay it out..   1) We know you can sell your car for at least $12K.. Assume you do... then set that money aside.   2) 335 coupe.. You probably won't get much of a discount, but that one is loaded... assume $2K off MSRP.   3) Base MF .00175, residual for 3yr/45K is 58%   $49615 MSRP $47615 Selling price $48240 CAP cost (selling price + $625 acq.fee) MF .00126 (7 MSDs) Payment = $638/mo.+tax = approx.676/mo. including tax..   Due at signing: 1st payment, security deposit, 7 more security deposits, registration/license fees.   Approx $6600 total due at signing, of which you'll get back $5600 at lease end..   Total cost of your lease = $24,660 for 36 months.   2yr/30K lease?   Payment = $750/mo. including tax Due at signing = $7050, of which $6000 comes back at lease end.   Total cost = $18,300 for 24 months.   That is a lot of money to rent a car for two or three years.. Just because you have $15K in cash (the Lexus + $3K) doesn't mean you should blow it all on a lease. Bottom line, that car rents for $675-$750 per month, depending on the terms... If that is in your budget, then go for it... But, don't put all that money upfront to make it seem less expensive.   Good luck.. you picked a nice car..   regards, kyfdx
#7274 of 10309 So Cal BMW basic 328ci by sonysw Feb 28, 2007 (9:27 pm)
I just pick up my car basic 328ci with automatic and metallic as option. MSRP $37745. Gross Cap Cost $35893. Lease for 36/15k with 0 down. Total drive off $2036 (including $500 refundable security deposit and first month payment). Monthly payment $499 (including tax in CA). I think is pretty good deal. I am just wondering what is my money factor ? I know the residual value is 58%. Replies to this message: sonysw (Feb 28, 2007 10:08 pm) jtla (Feb 28, 2007 11:24 pm) sonysw (Mar 01, 2007 7:54 pm)
#7275 of 10309 Re: So Cal BMW basic 328ci [sonysw] by sonysw Feb 28, 2007 (10:08 pm)
Replying to: sonysw (Feb 28, 2007 9:27 pm) BTW if the money factor is 0.0010 I don't think the price is $35893. Anyway I am happy with the price.

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