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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
8956 messages, Last post on Jul 08, 2008 at 7:59 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: losangelino (May 10, 2007 12:40 am) |
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Replying to: forumtemp (May 06, 2007 12:28 am) |
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I went to check out the new 3 series convertible... what a bummer! My initial bummer is that it only comes with run flat tires and no spare. Seeing that we take tons of trip far form the city, this will not do. (i've had bad experiences my my girlfriend's car). Also, no trunk space, but that was somewhat expected. Finally, I have the old convertible and this new version has no back seats! Perhaps it was built for a different market. For a tall guy like me (I'm 6"3) means it's now a 3-seater. Other than that, i was impressed by how quickly the top retracted and of course the car looks good... but those damn RFTs will keep me away from the purchase. (No need to comment back that i can switch the rims and get a donut in the trunk - i checked and the trunk is not big enough) |
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Replying to: pepperjack (Apr 30, 2007 10:56 am) 328i; 3 yr; 36,000 miles; options: sprt pkg, nice flr mats MSRP: 34,775 Adj Cap Cost: 34,000 MF: 0.00091 Sec Dep: $3600 Res: 63% The MSRP is the only part of the deal I am not completely satisfied with. It does not take into account the floor mats, with MSRP of $120. This is because the dealer is, "Throwing them in for free." Basically, by leaving them off, the residual value is lowered and I will pay $80 more over the term of my lease. I am torn how to react to this. On the one hand, I suppose I could just keep the mats at the end of the lease, and either sell them on e-bay or use them in my next BMW. On the other hand, I could get back about $75 at the end of my lease by purchasing the BMW at the lower residual value. Any thoughts on that? In any event, I am very pleased. On or about 26 April 2007, I made offers to 6 dealers, giving them 12 weeks to get the BMW I wanted. The one I chose to work with is delivering my BMW to my front door on Monday - less than 3 weeks from the date of my first offer - and beat the nearest offer by $770.00 (and that takes into account the $150 delivery and $80 floor mat issues). I will post an update after Monday. In the meantime, please let me reiterate my appreciation to all those who have helped me with this process. -PJ
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Just a warning that not all BMW salesmen are above using the 'classic' car salesman tricks. I've owned 3 3-series over the last few years, all purchased from BMW of Dallas. When I had my car in for service the other day, I decided to stop to flirt with my salesperson - nice guy and, obviously, a good salesman. I discovered he'd retired by seeing a new person at his desk. Ok; I decided to talk to him - "not serious, but if you have something interesting let me know. My car has 56K so it's time to start thinking about a replacement. " He suggests a CPO car he has as a lease return...same year as mine - identically equipped - and even the same color. The difference - this identical car has 10,900 miles on it vs my 56K. Very interesting - the car has a sticker price in the window that is pretty reasonable. I call the salesman the next day to say I'm interested. We agree to meet the following day to appraise my car and dicker to a deal. Edmunds matches what the window sticker asks for the CPO car and gives a number for mine in "Good" condition about 9K less than the 'new' car. Given my payoff I can see a very quick and easy deal being made. A 48 month loan and away we go. Since my credit is very good, there are no worries there. Then the story gets sad. 1. When I arrive at the lot, I see the dealership has approximately a dozen newly arrived cars. I see my choice marked as "Hold" with my salesman's name -AND a tag in the windshield dropping the price 2K and touting the wonderful deal this makes the car. Excellent! Guess the manager said that that car has to go to make room for the new stock. Then my salesman tells me that a. "My car" has been sold to someone else. Odd that he'd sell it for $2k less when he knows I'm coming to buy it for 2K more, but OK...... b. He has, of course, other more expensive cars. However, when we look, the lowest milage car he has available has 19K miles on it. Hmmm, not so good. c. I ask him to appraise my car anyhow, since I'm here. d. While he's gone I'm left to sit. His desk has someone at it, so I'm placed at a different desk. OK. Bored, I pick up what I think is a BMW brochure. Nope, it's the CPO paperwork for the car that's sold; car fax, inspection, certificate and all the paperwork is unassigned. This car isn't sold When he returns, he delivers the bad news... my car is worth $2K less than Edmunds says. OK this happens, and if his "sold" car is down $2K and my trade is down 2K, it's a wash from the deal I was willing to do anyhow. So, I tell him I hope that the deal with the person who has bought 'my car' doesn't go through.... as that's the only car I'm interested in. I don't yell, I don't make accusations - I don't care as long as the final deal is reasonable. I give no indication that I'm aware he's lied - there's no advantage to doing so, is there? But hearing that I'm not interested in any other car, he looks panicky and tells me that "the other guy is getting his own financing, and it looks a little shaky". Right..... So suddenly, just out of the blue, he asks for my car loan information on my current car. I give him (foolishly, boys and girls) a payment slip with the loan details on it. He leaves. When he returns, he has a offer sheet - I glance at the numbers and walk out. Same year and model as my car, but only 10K miles? The lowest thing in the lot was 10,900, and it was the 'sold car'. He's taken my current payment information and set the proposed deal to reach the exact same payment number. Oddly enough, this loan is for 60 Months  when my numbers had shown an easy payoff in 48. Then I look to see what he's done. HE'S RAISED THE PRICE OF THE CAR ABOVE THE INITIAL PRICE BY $5,000. Sigh  in order to make the payment come out to my current payment, something had to give, and it was the price of the car! And remember, it's UP $7K from the price the dealer is now putting in the window. So let's review here: Car "sold" Car not "sold" A "your payments will stay the same" deal stretched to 60 months. A $5K to $7K JUMP from window sticker. An offer for a car that doesn't exist, judging from 10K versus 10.9K statement on the offer. We won't even mention the low-ball on the trade-in, as that can be subjective... I couldn't walk out fast enough. I didn't expect to be treated to these used car tactics at a BMW dealership. Guess my 4th one will come from a different dealer. I sure miss my old salesman at BMW of Dallas. |
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Replying to: pepperjack (May 11, 2007 11:16 am)  Your deal looks pretty good... $150 to save a 5 hour round trip seems like a fair deal to me..
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Replying to: lokki (May 11, 2007 11:58 am) 
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Replying to: kyfdx (May 11, 2007 12:11 pm) I could deal with that. However, does this guy really think that BMW customers are so naive that he can get away with increasing the term of the loan and pitching the "your payments will stay the same" when he has to RAISE the price of the car to do it?????? You can see (I hope) why I still feel like my intelligence has been insulted. Oh - and the guy is still using his "Auto-Nation" email id..... guess that's the way you do business there...
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Replying to: lokki (May 11, 2007 12:20 pm) Good luck. Regards, Donna |
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Replying to: lokki (May 11, 2007 11:58 am) 
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