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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
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I am looking at leasing a 2008 328 with: - Premium Package - Auto Trans - IPod Connector MSRP of $38,600 for $34,085. Seems like a great deal with a Money Factor of .00090 and residual at 58%. Problem is with the trade-in. I have a 2003 325i with Premium Package, Moonroof, Auto, Harmon Kardon Sound and Xenon Lights. KBB says for fair condition it is minimally worth $10,175 and dealer will not budge from $9,000. If I sell it on my own I could probably get about $12,500 for it but I think they may have worked the low price on the car in relation to the trade in value (which is creating a negative equity for me of $3,000). Any ideas of if this is a good deal to pull off tomorrow?
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Replying to: blueguydotcom (Jan 01, 2009 12:25 pm) Also, I actually want the 2009 instead of 2008 because the model changed (kinda). With that said.. i still don't know if it's an okay price...  but thx for the info blueguy!
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Replying to: calvindawhite (Jan 01, 2009 5:47 pm) |
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Here is how my deal came out so far, I think I made out pretty good - thoughts? Please note, that I will be doing a European Delivery (ED) of the car, which results in the substantial savings. MSRP calculated by dealer was with 2009 pricing (price increase of 300), saving me a few bucks/month of my payment so I added another option!) US MSRP: Base BMW 2009 328i Xdrive: 35600 Options: Nav: 2,100 Comfort Access: 500 Assist: 750 Destination: 825 Total MSRP (US): 39,775 --- This is the MSRP that was used to calculate my lease European Delivery (ED) Invoice Pricing: Everything at 2008 invoice pricing + $250 dealer profit Base: 30205 Navigation: 1,910 Comfort Access: 455 Assist: 685 Destination: 825 Total ED invoice (with dealer profit): $34,330 (Gross Cap Cost) Money Factor: .00150 (buy rate) Multiple Security Deposits lower my MF by .00049 to .00101 PA State Tax: 9% Miles: 15k/year for 36 months Residual Value: 60% Note: If residual values and/or MF rates change, I can lock into a better rate anytime between now and the first week of March, which is pretty sick! Dealer calculated payment to be: $380.92/month If I had elected for no options, the car would be only $344/month for a base model! Note: On all ED purchases, BMW pays the 2nd months payment while the vehicle is in transit from europe to the USA. Total Due at signing: 4498.57, (of which 3200 (MSD) will be refundable given good condition at turn in. - MSD also refundable in case of a total loss.) First Payment: 380.92 Aquisition Fee: 725 Security deposits: 3200 ($400 x 8) - this is the 1 required security deposit plus 7 additional for MF discount Licensing Fees: 192.65 Hopefully you were able to follow my numbers. With that said, do you think that I did a good job at negotiating this deal? The dealer did not charge a doc fee, but did charge a licensing fee of 192.65 due at delivery - I spoke to them about this before signing the papers because I wanted to get a vanity plate, so they will most likely be dropping this charge before I take delivery - I need to get the vehicle VIN # before I can order my vanity plate. Also, I do have the option of rolling the acquisition fee into the gross cap cost - do you think this is a good idea given my election to do the max MSD? |
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Replying to: bribor (Jan 01, 2009 5:35 pm) If you're set on a new car, the dealer is lying about the money factor. On 2008s it's a .00075. They're marking it up. Also, never trade-in a car, but especially don't do it if you're getting negative equity. The dealer is suckering you. The residual is 56% on 15k, 58% on 12k and 59% on 10k. The price on the 328 is pretty good but don't give them your car and go 3k extra in the hole. That's a bad financial decision.
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Replying to: randyjstark (Jan 01, 2009 10:33 pm) I would stick with the MSDs. The ROI is so good that you simply won't find anything else that will save you that much money over the next 3 years. |
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Replying to: blueguydotcom (Jan 01, 2009 10:36 pm) Thanks for the advice on the money factor. It had been .00075 earlier and then they said it was raised to .00090 since no security deposit (although I am a previous owner and have never paid a security deposit that I can remember). I may try to sell the car on the own and see what I can get for it. Do you think they have enough wiggle room to give me more on the trade (KBB wholesale rate is $10,200). Thanks. |
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Replying to: calvindawhite (Jan 01, 2009 1:46 am) i think that paying around invoice with the desperation in the dealers is stupid. even if it is an 09, bmw did not expect the drop in sales. it would be a good time to get a better deal |
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Replying to: randyjstark (Jan 01, 2009 10:33 pm)
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Replying to: airguard2 (Dec 29, 2008 10:20 am) |
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