Last post on Dec 07, 2013 at 8:30 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 3 Series, Sedan, Wagon
#9185 of 12233 Re: Drat!!! [blueguydotcom]
Sep 11, 2008 (10:43 am)
Believe me, I have been pacing back and forth thinking about it.
Paying around $10k less for a loaded 2007 335i sedan with 14k miles as a CPO over new, sounds great. Of course, some of that advantage would be lost in financing. New 335i's are going for 0.9% interest. I figure as a CPO, the 2007 335i would be at least 3.9% through BMWFS. Around $2000 more in interest over 60 months than for a new one. Still, a good deal.
I bought a vehicle in July when my 545i lease was up. Not a BMW. First time in 15 years. Good thing I bought it instead of chaining myself down to a 3 year prison sentence . Nothing like having the flexibility to move on.
My wife must have been reading my mind in the car a few hour ago. She asked me, "Are you thinking of moving back to BMW?" She got that right!
#9186 of 12233 Re: Drat!!! [blueguydotcom]
Sep 11, 2008 (10:51 am)
The deal you quote is typical of the fabulous deals out there right now. I think we can thank the higher gas prices for the en masse returning of 2007 335i's and luxury V-8's.
The car you list is exactly how I would want mine, except for the heated seats.
I do believe that you can throw $33k at them and they would laugh, but the next day you would have the car for $34k.
Sep 11, 2008 (11:42 am)
Agreed. I have a BMW CCA membership too, so that's another $500. Personally, I'm waiting until the 2009s land. This should clobber the prices on the 2007s.
#9188 of 12233 Re: Drat!!! [blueguydotcom]
Sep 11, 2008 (12:22 pm)
I have the CCA membership too. It's good for CPO vehicles.
Good idea about waiting for the 2009's to land here. Those 335i's aren't going anywhere. Most folks still go for the 325i's and 328i's and there are many more of those on the CPO list than 335i's.
By November, those 2007 335i's should be looking pretty good.
#9189 of 12233 Re: Drat!!! [blueguydotcom]
Sep 11, 2008 (5:38 pm)
I really don't see people posting they are paying $48K even on new ones. There are huge discounts available. You are overstating the discount on CPO.
Sep 11, 2008 (7:18 pm)
Even a 4k discount is 44k. A 2008 for 44k v. 34k for a 2007 is a 22+% difference. I don't see the value in buying a quickly depreciating entry-lux car new. Sure if you're doing ED it's worthwhile (14-17% discount off msrp) but buying off the lot? No. And by the end of 2008 you'll easily be able to scoop up 2007 335 sedans for 30k or less.
Now would I buy a 335i new with premium package or active steering? No. But if I bought a 335i new, I'd order it so spec and pick up in munich like my last BMW.
When you're comparing a 2008 civic to a 2007 civic and the price gap is a couple grand I can see saying buy new. But a BMW drops like a rock (same amount, but far more $$$$) after purchase, so why not just avoid that first hit altogether?
#9191 of 12233 And basically....
Sep 12, 2008 (5:49 am)
the 2007 and 2008 335i's are the same vehicle.
There should be a new crop of 2007 335i's coming to dealers this winter fresh off of their 2 year leases from the first kids on the block to "own" the twin-turbo.
#9192 of 12233 Re: And basically.... [hpowders]
by kyfdx@Edmunds HOST
Sep 12, 2008 (6:40 am)
I thought the '07 335i didn't come out until January or February?
I could be wrong (and way to lazy to look back in this forum..lol).
#9193 of 12233 Re: And basically.... [kyfdx]
Sep 12, 2008 (8:03 am)
Well, the Edmunds review was in November of 2006, so I inferred the car was available at that time. However, you may be right.
I monitor the BMWNA CPO's frequently. Should be pretty obvious when those early boys bring back the twin-turbos.
One more good thing about buying off-lease CPO's-not only do you avoid major depreciation, but any problems-major and minor were already fixed thanks to the original kicking and screaming done by the original leasees and/or the CPO checkpoint inspection. There was a rash of 2007 335i fuel pump problems which should have been fixed.
There are some good deals right now in my area; for example, a 2007 CPO 335i sedan, 13,600 miles, with PP, SP, ST, paddle shifters, manual side shades, back up sensors, and CWP for $37,980. Tempting, but I will wait for winter and the beginning of the return of the 2 year leased 335i's. Looking for $35k or less.
#9194 of 12233 Looks like I was wrong..
by kyfdx@Edmunds HOST
Sep 12, 2008 (9:03 am)
335i coupes available in October... sedans by November, for sure... maybe earlier..