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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10276 messages, Last post on Nov 06, 2009 at 10:00 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: drtravel (Oct 27, 2008 9:10 am)
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Replying to: jayrider (Oct 28, 2008 6:07 am) Depends on how much it costs them to keep cars on their lots and customer demands. If people are willing to overpay for a used BMW there is no incentive for them to change their asking prices. It always amazes me that people who earn enough money to buy a BMW or M-B don't seem to be fiscally responsible shoppers when it comes to their cars. It's like financial planners can't figure out the basics of leases ; ( Or maybe they don't mind throwing money away. If someone pays the dealer's asking price for a two-year old BMW they will be in for a shock if they determine their car's true value in a few years - the depreciation will be incredible, especially after the warranty period. The fact that some BMW dealers are offering discounts for those who elect to purchase their car at lease end is incredible and shows that BMW does indeed understand the current financial situation. I guess those shopping for two-year old BMWs are making an emotional instead of a rational decision. IMHO! A funny thing happened to me - I requested some quotes on an Acura a few weeks ago and one dealer adds dealer accessories that he charges $750 for to every car in stock. (I checked the Acura web site and could buy these accessories for $275). My response was that with the current economic situation this type of behavior was quite stunning bordering on the idiotic. He should be trying to get my business instead of trying to make another $500 in dealer profit. Told him he could throw these in for free and that I was willing to pay exactly zero for this package. He agreed but I informed him I was not interested in a dealer who was looking for any way to gouge the customer. It's a buyer's market - act accordingly! PS For those asking about leases - I can hide my grandmother in a monthly payment. You need to know the MSRP, the capitalization cost (i.e. purchase price), the down payment (preferably zero) and the money factor used to determine whether it's a good deal or not. Concentrating on the monthly payment is a tried and true method for car dealers to confuse you and extract as much $$$$ from your bank account as possible. But it seems to work!
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Replying to: bahn (Oct 26, 2008 5:13 am) http://www.bmwusa.com/Standard/Content/FinancialServices/FinancingOffer/2008335i- SedanAPR.aspx i am betting they will extend and probably enhance incentives over the next month.
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Replying to: drtravel (Oct 28, 2008 5:31 pm) |
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Which BMW model did you recently lease? I know the money factors on some 2008 3 Series models are only 0.00075 through the end of the month. Tempting.
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Replying to: hpowders (Oct 29, 2008 9:18 am) .00125 MF, and killer residuals.. It's for my wife... and exactly what she wanted, so just dumb luck that they have good lease deals at the same time.. 
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Replying to: soupcon (Oct 28, 2008 11:37 pm) |
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Replying to: kyfdx (Oct 29, 2008 10:46 am) I was thinking of buying a CPO 2007 328i with 18k miles, Steptronic, PP, SP, CWP, Xenons, and rear parking sensors for $28,995. The only problem is the sales guy lied to me about the car's history of ownership. He didn't know I did a Car Fax check, and talked to an honest salesman about the vehicle earlier in the day, so the deal may be a "no-go". Even if the car turns out to be fine, (the Car Fax report showed no problems) I hate dealing with a liar. Other possibilities: I have 2 days to decide if I want to buy a pretty basic new 2008 328i for 0.9% or lease one for 30k miles given the bargain 0.00075 mf and not much of a bargain 59% residual. I should be able to get invoice either way. I like the rear of the 2008 better than the refreshed 2009 version. Otherwise, it's pretty much the same vehicle. |
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What are your comments for this 2009 lease deal on a 328? MSRP - $42,970 Selling Price $40,992.65 Money factor is .00235 Residual is 70% (2 years at 12k miles per year) Payment is $658.07 plus tax – ($54.62) = $712.69 Total due is $2685.06 (first payment, $712.69, doc fees $389, $561.12 for registration and titling) Thanks.
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I am really in a bind if for an 08 this is the best they can do.. msrp 36350 black on black.. leatherette with power seats and heated ONLY price 33450 resid .59 acq 625 miles 10k nj tax adj residual 21,460 rate 1.4 Everything rolled into payment $474 month Please help me out... Many many thanks! |
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