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BMW 3-Series Prices Paid and Buying Experience

10325 messages,  Last post on Dec 08, 2009 at 12:50 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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#7707 of 10325
Re: 700 over invoice [r74g] by thefilmmaking
Apr 24, 2007 (3:09 pm)
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Replying to: r74g (Apr 24, 2007 7:53 am)

I shopped around for about a month and got this rate after breaking down the costs using the April lease rates and e-mailing all the dealers in So Cal, but the best deal I got was from Pacific BMW. I tried taking it to 500 over invoice, but they wouldn't budge, and 200 less isn't exactly that big of a deal considering the payments and whatnot.
 
But the $9 extra a month is still confusing me. How much do you think they would charge for cargo and mats and whatnot?
#7708 of 10325
Re: 328i Lease Advice Request [kyfdx] by pepperjack
Apr 25, 2007 (3:56 pm)
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Replying to: kyfdx (Apr 21, 2007 10:51 am)

Little misconception? Apparently! Though, thanks to you and everyone's input, I think I now understand pretty much all I need to. And so today I made the following offer to five dealerships, incorporating vsaxena's tip re the downpayment-to-MSD ratio:
 
"Thank you for your assistance, and please consider my following offer on 36 mo., 12K mi/yr lease of 328i, jet black, beige leatherette, walnut or poplar trim, auto, sport pkg, pwr seats, the nice floor mats, MSRP $37,165:
 
"Down Payment: $150
 
"Adjusted Cap Cost: $35,850 (e.g., includes $775 dest/hand fee, $625 acq fee, $500 title/reg/doc fees, etc.)
 
"MF: 0.0014, reduced to 0.00091 by 7 additional MSDs $400.00 each (e.g., 0.00007 MF reduction per MSD based on $399.37/mo payment before sales tax)
 
"Residual: 63%
 
"Amt due signing, before sales tax: $3749.73 (e.g., $150 down payment, $400 sec dep, $2800 additional MSDs, $399.37 1st mo lease payment.)
 
"Disposition fee lease end: $350.00.
 
"Also, the auto and pwr seats aren’t that important to me – I’d be happy to submit an adjusted offer if something was available w/o one or both options.
 
"Thank you in advance for your consideration, and please know I look forward to hearing from you."
#7709 of 10325
Re: 328i Lease Advice Request [pepperjack] by donnabgood1
Apr 25, 2007 (6:38 pm)
Reply

Replying to: pepperjack (Apr 25, 2007 3:56 pm)

I don't know, but I am a big fan of the KISS way of doing things. (KISS -- keep it simple/stupid). Why not just send an email to various internet departments asking how much over invoice they can structure a deal for? Tell them the options that are important to you, and see what they come up with. Keep in mind MSRP as far as I know has a 7% markup from invoice. You can do the math and see if you are getting a fair shake -- 500-1000 dollars over is considered a good deal. You know what the money factor is, let them know that you are also are considering max security dep, lowering your buy rate to .91..anyway less is more sometimes..good luck with your neigoitions just my 2 cents.. donna
#7710 of 10325
Re: new rate for may [vnaar1] by david_fl
Apr 25, 2007 (8:04 pm)
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Replying to: vnaar1 (Apr 22, 2007 8:13 pm)

I am wondering the same thing myself and am wondering if I should pull the trigger on leasing a 328i sedan or wait to see if the rates are better for May.
 
Adding to this question, does anybody know where you can look up the historical lease rates. I am not under any kind of time frame so am curious if it would make sense to wait till summer or the end of the 2nd quarter (June). Not sure if rates are regional but I am located in FL.
#7711 of 10325
Re: new rate for may [david_fl] by jtla
Apr 25, 2007 (11:41 pm)
Reply

Replying to: david_fl (Apr 25, 2007 8:04 pm)

The MF for 328i sedan in the past 4 months were: .00195 (Jan), .00155 (Feb), .00125 (Mar), and .0014 (April). No one knows the direction of future rates except the person(s) in BMWFS who sets the rate. If you are unsure, I would suggest that you lock in April's rate and wait to see how May or June's rates go.
#7712 of 10325
Re: new rate for may [jtla] by david_fl
Apr 26, 2007 (9:15 am)
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Replying to: jtla (Apr 25, 2007 11:41 pm)

It looks as if the rates went down over the 1st quarter and then they brought them back up for the beginning of the 2nd quarter.
 
Do you know what the residual values were over that period?
 
"I would suggest that you lock in April's rate and wait to see how May or June's rates go."
 
How does one going about locking in a rate (which sounds like the best thing to do right now)?
#7713 of 10325
Re: new rate for may [david_fl] by donnabgood1
Apr 26, 2007 (12:36 pm)
Reply

Replying to: david_fl (Apr 26, 2007 9:15 am)

You can pre-order a car built to your exact specifications which takes 8-12 weeks to arrive.. during that time period you lock in whatever the best rate is during your wait. I did just that, ordered my car the very last day of March, locked in the 1.25 (lowered to .76 after max msd) and just found out today my new 328i should be here around May 15th. (happy dance here) I truly thought as the model year progressed the money factor would lower but looks like 1.25 may have been the best.. waiting to see what May looks like with everyone else...spoke with my client advisor and his best guess was that May's rate would probably be increased because all interest rates are rising..we'll see.
 
Regards,
Donna
#7714 of 10325
A couple of 328i leasing questions by hominus1
Apr 26, 2007 (7:20 pm)
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The commends here have been very helpful. I am shopping for a rather plain configuration:
 
328i sedan (flat black color)
sport package
auto transmission
 
A couple of questions that aren't clear after looking at the BMW website:
 
1. Are fold-down rear seats an extra-cost OPTION no matter what? Or is that just if you want the ski bag and 60/40?
2. I live in Los Angeles. Aside from the $775 destination charge, what is typical for doc, registration and other fees?
 
(I'd like to negotiate a deal this weekend, and want to be as prepared as possible. I plan on sending bid requests this evening via email to several dealers).
 
Any other advice? Much appreciated!
 
- Hominus
#7715 of 10325
Re: new rate for may [david_fl] by jtla
Apr 26, 2007 (7:42 pm)
Reply

Replying to: david_fl (Apr 26, 2007 9:15 am)

The residual has been the same for the the last 4-5 months. I think the MF may have bottomed in March. Lock in the rate now will be your best bet. You can't lose whether rates go up or down.
 
Donna has mentioned that you can lock in rates through dealer. You can also lock in the rates by submitting credit application on line at BMW website, although you still need to designate a dealer in that process. If you do not order your car, I believe the lock-in is good for 60 days.
#7716 of 10325
Re: A couple of 328i leasing questions [hominus1] by jtla
Apr 26, 2007 (8:00 pm)
Reply

Replying to: hominus1 (Apr 26, 2007 7:20 pm)

1. Fold-down rear seats is an extra-cost option. It can be a stand-alone option at $475, or as part of the $1,000 Cold Weather Package. If you don't order either, the rear seats come with only a fold-down armrest/cupholder, but there is no pass-through to the trunk.
 
2. The documentation fee is limited to $45 by law in California. If you negotiate car price as "dealer invoice plus $XXX", dealers will include MACO ($380) and training fee ($180) in dealer invoice. DMV fee and license should be less than 1% of your car price.

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