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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10323 messages, Last post on Dec 08, 2009 at 7:30 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: donnabgood1 (May 13, 2007 4:41 pm) Good luck! kyfdx |
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Replying to: hugo5 (May 13, 2007 6:25 am) $35920 MSRP $34490 Selling price MF .0014 64% Residual 3yr/30K lease Payment = $399.95/mo. Due at signing = 1st payment ($400), acq.fee ($625), tax ($1255), DMV ($68) = $2340 approx. A couple of notes 1) Selling price of $1430 off MSRP... not too bad for a base car. Around $1360 over invoice, by my calculations.. 2) Tax is charged on the total payments + acq.fee.. and, upfront (alternatively, added into the cap cost). I get $1140.. but, close enough. 3) Base money factor and acquisition fee, which is good. There really isn't much more room to trim here.. At $1360 over invoice, you might be able to shave $300-$400 off, but that would be stretching it.. (you might not..) The current lease program is decent, and this is a fair deal... I always like to roll taxes and acquisition fee into the lease payment, but it looks like you are trying to hit that $400/mo. payment. It looks like your dealer is being straight with you. regards, kyfdx
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Replying to: kyfdx (May 13, 2007 7:50 pm) |
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Replying to: kyfdx (May 13, 2007 7:50 pm) BMW 328i with heated seats/metallic (0.0014 MF - 64% residual) value $32,470 (sales price) - $34,150 (edmunds MSRP)- $31,470(edmunds invoice price) $21856(residual) $10614(depriciation) - 294.83 month + 76.05MF = 370.88/month total $927.22 (tax on depr. and aquisition fee  8.25) +370.88 (first month) +625.00 (bank/aquistion fee) =1923.10 (out of pocket) + DMV Now this is something I could afford..
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Replying to: hugo5 (May 14, 2007 4:32 am) You can't get around it... it goes to BMWFS. I think New York taxes the total payments, not just the depreciation... that's why your calculation differs from the dealer. If I'm wrong and you are right, then make sure your dealer calculates it correctly. Otherwise, your numbers appear to be correct. If you can get the dealer to sell for that price. Your dealer does seem to be quoting reasonable deals, overall. regards, kyfdx
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Replying to: kyfdx (May 14, 2007 5:27 am) Man, every time I think I got it, there is something else. I have been reading nothing but information about leasing cars. My wife thinks I am going crazy...I wake up in the morning, calculating leases ; ) Thanks for all your input. I am going to the dealer within the next week, and I wanna be totally prepared and able to check and do all calculations.
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Replying to: hugo5 (May 14, 2007 6:21 am) 
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Replying to: kyfdx (May 14, 2007 7:45 am) For the same car, he says he would go down to 33 and change, $2300 down and $409 a month. He says he doesn't know how I get to what I quoted him, but also doesn't wanna look at it. He says he does it by BMW calculations and has no time to go over mine. I did the calculations again, this time based on $33 000 cap cost for a $34 645 msrp, and still came out way below him. Am I doing something wrong? I don't get it: It's based on a 328i in Saphire black metallic/automatic transm. with power seats, based on $33 000 cap cost. $34,645 msrp ( $31,920 invoice price) $33 000 sales price $22 172.8 residual $10827.2 depr.= 300.76 + 77.24(MF) = $378.00/month total payment $1192.01 (8.375% tax on total monthly payments + $625 acquisition fee) +$625.00 bank fee/acquisition +$378 (first month) =$2195.01 (total out of pocket, not including DMV)
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Replying to: dhanley (May 12, 2007 10:13 am) |
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Replying to: pepperjack (May 12, 2007 8:32 am) Second, the BMW was delivered with only a 1/4 tank of gas. Is that normal? Third, apparently tire/wheel insurance is availbe. For my 36 mo lease of a 2007 328i w/ sports package, the insurance costs $519.00. The brochure I was given indicates the total costs resulting from a flat can be up to $775.00. Further, I have read on other forums specifically devoted to problems with the Bridgestone run-flats on BMWs that these costs are pretty accurate. I need help making this decision - I am tempted to get the insurance. Any thoughts? Fourth, during the negotiating process, the dealer faxed me a copy of the lease on 27 April 2007. We made a few adjustments, and he faxed me another one that same day. All of the numbers on the lease were fine, except that the lease start date was listed on there as 27 April 2007, with my payments to be due on the 27th of each month thereafter. I told the dealer that the date would have to be adjusted to reflect the actual date of delivery. I thought he agreed. In any event, when the BMW was delivered to me on 12 May 2007, the lease that came with it had a start date of 30 April 2007, with payments to be due on the 30th of each month thereafter. I told the delivery guy I needed to talk to the salesman, and so I called the dealership. No dealers were going to be available for 1/2 hour. The delivery guy was in a big hurry and could not wait. My salesman was on vacation - which I knew already - and so I called his mobile phone and left a message about the situation. The delivery guy represented to me that we could alter the contract, and so we changed all the 30ths to 12ths, both of us initialing each change. This morning I received a call from my salesman - he told me that the alterations made on the lease made it void, and that we had agreed that the 30th of April was the day the lease would start b/c the lease rates changed in May and the only way to keep the deal I had was by submitting the lease to BMW Financial on the last day of April: and that BMW FS required us to use that exact lease - dates and all. I informed him that the lease factors for May were the same as in April, so this really should not be a problem. To this, he replied he would need to check his books - that I may be right, and he did not really know. So then he said that the 12 days really didn't affect me b/c, at the end of my lease, BMW would offer me incentives like an early buy-back, and offer to pay the last 2 months of my lease to encourage me to lease another BMW. I informed him that I looked forward to that, but that the last 2 months of my lease should begin 34 months after I actually received the BMW, as opposed to 34 months from 30 April 2007. Next he said that, in any event, this would cause problems with his dealership's internal record-keeping - that b/c BMW FS offers certain incentives to dealers, that the $160 difference I was making an issue of (e.g., my monthly lease payment is approx. $420, and 12/31 of 420 is about 160) may actually cost the salesman $500 or $600. The end result is that he is Fedexing me a lease, due to arrive tomorrow morning for my execution and return. I hope it says the 12th.
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