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You are in the Prices Paid - Buying & Leasing Experiences
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BMW 3 Series, Sedan, Wagon
#8754 of 11920 X5 Leasing Craziness
Mar 26, 2008 (9:21 am)
My lease for my X5 is about to expire. I called my dealer to start a new lease with the new 2008 X5. I explained to him I wanted the same options that I had with the last car, I was expecting the same or close to the same leasing price of my 2005 X5 (635.00), I was in for a shock. These are the prices he gave me. Is he trying to take advantage:
X5 price 51,660.00
includes premium package
cold weather package
rear climate package
heated rear seats, navigation and freight
The inception fees are 2000.00
which includes: 799.00 first payment
375.36 Cap cost reduction
825 .64 motor veh. lease term, doc and Lux tax
in 2008 for the same car and options with the same price I paid 635.00 why is this car 799.00 ( they both include taxes). Also I bought the car from the same guy selling me this one.
am I being beat or does this sound fair.
Thanks for any responses
#8756 of 11920 Re: Latest March deals on 335i? [pdude1]
Mar 26, 2008 (11:17 am)
Since you live in the OC- if you pay any dealer in the LA Area- 1K over invoice for a 335i and still have to add to that MACO Charges, Training Fees, etc.- You need to know how to negotiate- times are tough for all- and if you go into any BMW dealership on March 31st and can't walk out for $1K and under from dealer invoice (including all of BMW crap fees)- you better get a book on how to buy.
#8757 of 11920 Re: is this a good price? [nyccarguy]
Mar 26, 2008 (1:28 pm)
thank you so much
#8758 of 11920 Re: is this a good price? [nyccarguy]
Mar 26, 2008 (4:35 pm)
Can you tell me if this is a good price to buy a
Cold weather package
for $40,652 Thanks
excluding tax, license, reg,
#8759 of 11920 Too good to be true???????
Mar 27, 2008 (2:02 pm)
Here is a lease offer I was presented with. First off...I am trading in a vehicle with equity and was willing to put down a total of $5000, including sec. dep, first months paymt, doc fee, etc. Don't scold me for putting money down on a lease. I understand it isn't the best thing to do in case the car is totaled.
2008 328xi coupe
I was offered a price of $41995(about $1500 over invoice). I can prob negotiate this lower...this was a first offer. 60% residual value, money factor of .00215. This is marked up from .00195, as offered by BMWFS, for dealer profit...again....a first offer. 36 month lease with 15K/year.
Using the simple lease formula of:
(Cap cost - residual)/term, plus, (cap cost + residual) x money factor, I come up with the following: assuming a $4000 cap cost reduction on my part after fees:
$37,995($41,995 - $4000) - $26,340 (60% of $43900 sticker)/ 36 = $323.75
$37,995 + $26,340 x .00215 = $138.32
for a total base lease price of $462.07 + tax.
The "money guy" at the dealership is quoting me $375.57 + tax. Total out of pocket costs are $5000 which will include cap cost reduction, sec deposit, doc fees. He was sketchy about any bank fees. Again, this was a first offer. I had to run to get to work but he wrote the figures down for me. Why are his figures so much lower than mine???? I'm not complaining, mind you, just want to know why the numbers are off. Am I missing something???????
Even if they gave me the car at invoice of $40,440, I put $4000 as cap cost reduction and they gave me 60% residual with a .00195 money factor, I still come up with a lease pymt of:
$36,440 (40,440 invoice - 4000) - 26,340/36 = $280.55
36,440+26,340 x .00195 = $122.42
Total base lease pymt of $402.97
What gives???? Are there special incentives I don't know about??????
#8760 of 11920 Re: Too good to be true??????? [redsoxx]
Mar 27, 2008 (2:13 pm)
well, could be they are screwing something up like thinking its $5k cap cost reduction. Or maybe using the wrong residual or MF. The other thing that springs to my mind is that you are paying first month up front .... so, I'm not very good at leasing numbers, but would this affect the interest calculation?
Mar 27, 2008 (5:36 pm)
Just bought a 328i Sedan with Steptronic, Premium Package, Xenon headlights (including adaptive headlights) iPod adapter for $2000 under MSRP which was just a hair over invoice. For those looking at Costco deal, remember the dealer has a set Costco price and he cannot haggle over or down on that price. We went to dealers and got Costco pricing and then found we could do better without it, beating it by a significant amount, and getting the $185 floor mats thrown in as a bonus!
Cost was $36,450 excluding tax, docs and license.
Mar 27, 2008 (6:51 pm)
I am looking at a 2008 335xi, msrp is 48,750 and the dealer is saying 47,700 and he will throw in the car mats and a full tank of gas. Edmunds tmv is 47,708 and invoice is 44,890. What do you think??
#8763 of 11920 Re: 335xi [eulb1234]
Mar 27, 2008 (8:16 pm)
With current inventory being high and 2009 right around the corner, I'd be shooting for 46,500....