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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
9164 messages, Last post on Sep 05, 2008 at 4:05 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Apparently my "deal" signed and sealed with a $1000 deposit (not yet returned) has fallen through. My local dealer objected to my questioning why it was suddenly taking a week or two to get the car I purchased instead of a few days. It's a long, long story that I'll relate one day in this forum--but for now--I'd still like to purchase a 335i Sedan for local or European Delivery. I'm located in Southeastern North Carolina--can anyone recomend a dealer in North Carolina, South Carolina or Virginia? I have contacted two dealers close by (within 120 miles)-after their initial lease/purchase offers--I emailed them my proposal-- ($556 36mo 12k vs $626) and have not heard back from either. I guess they don't want to, or plan to negotiate. This has been an incredibly frustrating experince. It seems as though the dealers are your best buddies until you acutally ask them not to mark up the MF and/or the Acq. fee and to actually negotiate the price. I'm really close to just bagging the whole BMW idea and moving onto to something new--Audi, Infiniti, Lincoln. But my favorite car is 335i--so I'd like to give it one more shot. Any help would be greatly appreciated! Thanks in advance.. |
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Just got back from my local (Towson, MD) BMW dealer, where I drove a fairly stripped 328i wagon with an MSRP of $37,395. Dealer said they'd lease the car to me for $36,395, with a MF of .00225 and a 36 month residual of 62% (12K per year) Sales tax in MD is 5%. They said the monthly payment would be $575/month with $2500 down, and taxes folded into the lease payments. If I also put taxes down up front, they said the payment would be $512 (and a total of $5100 out of pocket) I just ran the numbers on the Edmunds lease calculator and came up with $464 with $2500 down. Am I missing something in my calculations, or is the dealer trying to rip me off? Thanks. |
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Replying to: kjenkins696 (Mar 10, 2007 2:17 pm) If you assume $1800, that only leaves $700 for a cap cost reduction, resulting in a cap cost of $35,695... Even at that, I only get a payment of $480/mo.+ tax... Makes me wonder if they are really giving you the .00225 rate, or if they are marking it up.. Also.. 5% tax? Do they tax the whole selling price in Maryland? I'm thinking they do.. That's going to hurt.
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Replying to: kyfdx (Mar 10, 2007 2:26 pm) If I paid the 2500 down payment, taxes, tags, and acq. fee up front, total out of pocket would be $5100, and that would reduce the monthly payment to $512 (according to the dealer) For me, this much mony out of pocket defeats the purpose of a lease. They are waiving the security dep. because we already own another BMW. Yes, they tax the whole selling price in MD. Their advertised deal of a similarly priced vehicle is $369 per month on a 328 xi sedan with an MSRP of 36,500 on a $2500 down payment, excluding taxes and fees. Just seems like a long way to go for them to get from $369 to $575 on taxes and fees alone. That's why I'm so confused by this. Thanks for the advice. . . Maybe I need to go to another dealer or find a less expensive car. . |
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I've heard from some folks that opting for the Sport Package is a must. Anyone with strong opinions on this? I am getting close to pulling the trigger on a 328i sedan and could go either way on this. Thanks
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Replying to: bmwinca (Mar 10, 2007 3:08 pm) You will be delighted at the unbelievable planted effect in the turns. Otherwise if a more supple ride is desired, forget the SP. Regards, OW |
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Replying to: kjenkins696 (Mar 10, 2007 2:17 pm) I suggest you go to Russel BMW like I did. They gave me MSRP-$1900, MF of .00190, acquisition fee of $625 and residual of 63% for 36 month deal with 12k per year. If they don't have what you want you can order for mid to late April delivery. I find it better to get quotes on ordering and then all dealers are quoting on the same thing. Note that BMW of Towson and BMW of Belair are co-owned and you won't do any better with the latter. Also, when using the lease calculator you have to plug in all of the factors such as sales tax, acquisition fee, dealer paperwork fee, license fee less your capital reduction payment.The key number you need to arrive at is the adjusted capitalized amount. Note that MD collects full 5% tax upfront on lease payments as opposed to adding 5% to lease payments as some states allow. Good luck!
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Replying to: rorymac (Mar 10, 2007 5:44 pm) When I do the lease calculations, I always ad the full sales tax amount, but never know what to add for acq., paperwork, and licensing. Any suggestions for what to add would be bery helpful. |
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How does this sound- 335 sedan, metallic paint, steptronic, shift paddles, premium, sport and cold weather packages, and comfort access. 3yr/36k mi, $512/month. taxes paid upfront, 7 multiple security deposits for a money factor of 0.0011, 63% residual, $625 bank fee. I think I should have been able to do better, but I haven't seen many 3 year leases below $550 in the NYC area.
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I have put a deposit on a New 328i Coup that is being ordered. Can anyone tell me if I am getting a good Deal. 328i coup w/ Prem, sport, Manual Trans, Mats and Metallic Paint. 36/mo 12k/yr. MSRP =$40,620. My payment is $503 + tax and total out of pocket is $1541 which includes my first payment. Thank you in advance. Looking forward to reply!!
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