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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
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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 6:35 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 11:33 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 11:36 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 2:46 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 11:33 pm)
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Replying to: airguard2 (Dec 29, 2008 11:20 am) |
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for your reference, i just helped my friend buy a 328i coupe in LA last week on 12/28. automatic transmission, sports package, BMW Assist with Bluetooth and iPod adapter in Jet Black exterior and black interior leatherette. MSRP = $41,105. Purchase price = $39,000. invoice was $38,500. we got that price in calabasas. he also posted his deal on wikibuyer.org. unfortunately, we couldn't find any 08 coupes left in the configuration he wanted in this area. also, with more flexibility on options, one might do even better, such as invoice or below. |
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I was just offered a 2008 328 in Sparkling Graphite with Steptronic Auto and i-Pod Adaptor but no Premium Package for $31,883. Does this seem like a fair deal? I had been offered $34,085 on a jet black 328 with same options plus premium. I thought that since the invoice on a PP is $3,000 that the price might be a bit better. Any thoughts and any news on any new LMF and residual rates for 2009 (dealer said special programs were ending yesterday?) Thanks!
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Replying to: bribor (Jan 03, 2009 8:50 am) I have it on pretty good authority that the MF for a 09 3 series sedan will jump to 0.00175 but the big hit is on the residual which is declining 3% (to 57% from 60% on a 36 month, 15k miles/year lease). That will make about a $55 a month payment difference on a ~$40k car compared to December. I am not sure about the other rates, but I would imagine similar changes would be in effect.
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