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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10297 messages, Last post on Nov 26, 2009 at 11:28 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: golfnff (Nov 13, 2008 8:58 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 12:45 pm) |
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Replying to: zman1974 (Nov 16, 2008 12:45 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 7:01 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 7:01 pm)
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Replying to: jayrider (Nov 17, 2008 7:06 am) Thanks, Jim
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Replying to: zman1974 (Nov 17, 2008 11:04 am) |
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Replying to: zman1974 (Nov 17, 2008 11:04 am) question two would be --- do you have budget /income concerns that make doing this deal a problem ? If answer one is yes and answer two is no then keep working the deal and get your new ride. If answer one is yes and answer two is yes then don't do it. Sit tight. If answer one is no then you know what not to do.
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