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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
9995 messages, Last post on Jul 04, 2009 at 7:44 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
Hello, newbie to the forum (first post). Looking at possibly leasing a 328i and basically got quoted the current lease offers off of the bmw website. Also offered me a 2008 4dr Sdn 328i that is fully loaded with all options except navigation (premium, sport, xenon, etc....) Gave me a vehicle price of 41,845.00 and added 189.00 for floor mats and 495.00 for tint (both of which salesman said he could get rid of for me). He also took a 1945.00 preferred customer discount as I have purchased a 3 and a 5 series from this dealer before. This brings the selling price to 40,584.00 + sales tax estimate of 3176.22 and 28.25 for title and 399.50 for doc fee and this comes to a total of 44,187.97. He quoted me the following lease options on this vehicle for a 36month/ 10,000 mile lease----- 1,500 due at signing 569.00/mo-------2,500 due at signing 539.00/mo-------4,250 due at signing 487.00/mo. After all of these quotes he stated that knocking off for the tint and mats that he could do 4,000 due at signing and 471.00/mo including tax or 2,000 due at signing and 530/mo. Is this a fair deal, as I am new to this whole leasing experience? Thanks in advance for any help.
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Replying to: golfnff (Nov 13, 2008 9:58 pm) glad to help walk you through this but can you tell me what the EXACT options on the car are? email me offline if you want... glad to help. |
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I own an 02 Acura 3.2TL with 68,000 miles. I owe $13,800. The local BMW dealer has a an 07 328i with automatic and premium package (CPO, 8,000 miles) for $28,500. The deal is $1,500 down, extend my payments out to 72 months, and increase my car payment from $505 to $574. I want to get rid of the Acura because it's off extended warranty next month. Good deal, or not?
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Replying to: zman1974 (Nov 16, 2008 1:45 pm) |
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Replying to: zman1974 (Nov 16, 2008 1:45 pm) Beyond that, I agree with blue's advice. I've owned Honda products way beyond warranty expiration without feeling any pain. And a good friend of mine drives a '92 Acura that she bought new & plans to keep until it turns 20. It's not a good idea to roll negative equity into a new loan. You won't find any recognized authority on personal finance who'll go along with that. Keep your Acura until you've paid it off. |
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The dealer is giving me $9,000 for my car. So, I would be rolling around $4000+ in negative equity into the new loan. Also, The BMW will be under almost three years of the standard warranty, which includes free maintenance, and 2 additonal years of the CPO warranty. It's the reason why I am even considering this deal.
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Replying to: zman1974 (Nov 16, 2008 8:01 pm) Track how much you spend on maintenance over the next year. If it's more than about 1k you could probably make a case for getting a 2008 CPO'd 3 series in 09 and you'll get a much lower loan. If it's not 1k, try another year. Before you know it you may own that Acura and have no payments. Suddenly with no payments even spending 2k a year on maintenance seems cheap! |
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Replying to: zman1974 (Nov 16, 2008 8:01 pm)
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Replying to: jayrider (Nov 17, 2008 8:06 am) Thanks, Jim
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Replying to: zman1974 (Nov 17, 2008 12:04 pm) |
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