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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10319 messages, Last post on Dec 07, 2009 at 12:34 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: mk0974a (Feb 28, 2007 4:51 pm) 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. |
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Replying to: mk0974a (Feb 28, 2007 4:51 pm) 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 |
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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%.
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Replying to: sonysw (Feb 28, 2007 9:27 pm) |
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Replying to: sonysw (Feb 28, 2007 9:27 pm) Congrats on the new ride.
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| Bought 335i recently from Momentum BMW, SW Frwy, Houston. From beginning to end, it was the best buying experience ever thanks in large part to the Internet salesman who handled the deal. Have purchased and leased several Lexus vehicles in the past. With this BMW buying experience there was no drama, no deception, no surprises...and the car is amazing too. | |
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Replying to: buffagm (Sep 24, 2002 12:58 pm)
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I am in the market for a BMW 328i sedan. Potentially thinking about leasing. Is the base BMW MF unchanged from Feb, or is this different for March? Also, for a 15K, 36 mo lease, is the residual still 61%? Thanks!
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Replying to: bmwinca (Mar 01, 2007 10:08 am) |
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I've been quoted a MF of .0195. Is this the BMW buy rate or should I try to negotiate a lower rate? The rest of the deal looks good IE $1900 off MSRP of $39,865, residual of 63% based on 12,000 miles per year, and standard $625 lease acquisition fee.
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