Last post on Jun 17, 2013 at 8:29 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 3 Series, Sedan, Wagon
#9481 of 11958 Re: 2008 328 Basic [bribor]
Jan 03, 2009 (9:06 am)
Bribor, that sounds OK...from what I have been reading, the best most people have been able to negotiate is about $500 over invoice (roughly $2000 under MSRP when you factor in advertising fees, training costs, etc.). BMW is subsidizing the cost of the automatic transmission to dealers on 08 3 series, so you should not consider that as part of the cost of the vehicle on a 2008.
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.
#9482 of 11958 Re: 2008 328 Basic [MRHammar]
Jan 03, 2009 (9:41 am)
Thanks, MRHammar. For the 2008, do you think the residual (58%)will stay the same as it was last month? I got pre-approved for financing at a LMF of .00075 and they said that rate is locked in for 60 days.
#9483 of 11958 Re: Lease - Signed on Dec 31 [skobola]
by kyfdx HOST
Jan 03, 2009 (3:56 pm)
The new rule on ED leases is 7 days in advance.. That doesn't mean the dealer won't try to get you to sign earlier, but 7 days is all that is required... as of a few months ago..
#9484 of 11958 Re: 2008 328 Basic [bribor]
Jan 03, 2009 (4:52 pm)
That was smart! I locked in my 09 328i rate at .0015 yesterday and was told the same thing about 60 days.
I am just speculating because I did not pay attention to the 08 numbers, but I would guess they would go down some too, but perhaps less than the 3% that the 2009 was getting reduced.
#9485 of 11958 2006 330xi (loaded) purchase price
Jan 05, 2009 (12:31 pm)
I just bought a 2006 330xi (certified pre-owned) which hash the premium, cold weather ans sports package. I added in the NAV. List was 32k. Got it down to 26k after trading in by 97 Honda Prelude (which had a lot of issues including body work). Im kinda proud of the deal I got. The .9% apr from BMW and the two free payments (1000 bucks) doesnt hurt either..
#9486 of 11958 Re: Lease - Signed on Dec 31 [kyfdx]
Jan 05, 2009 (12:39 pm)
Thank you for the info! This helps alot with my situation. I will keep u guys posted as soon as all of the details are worked out!
Thanks to everyone again for all the valuable info you have given me,
#9487 of 11958 Re: 2006 330xi (loaded) purchase price [hemanthh]
Jan 05, 2009 (12:40 pm)
Though you didn't mention the mileage, it sounds like a good deal! Especially with 2 months off on top of it as well.
#9488 of 11958 TO BUY OR NOT TO BUY
Jan 06, 2009 (2:36 pm)
LOOKING FOR YOUR THOUGHTS ON WHETHER I SHOULD BUY A NEW 2009 335I SEDAN OR KEEP MY 2006 AN RUN IT INTO THE GROUND? I HAVE A 2006 330I SEDAN WITH 66K MILES ON IT. I FEEL IF I SELL IT PRIVATELY NOW I CAN GET A GOOD PRICE FOR IT. IF I WAIT ANY LONGER AND GO OVER 70K MILES IT WILL GO DOWN SHARPLY IN RESIDUAL VALUE. A NEW 2009 WOULD COST ABOUT $48K PLUS TAX. I FEEL I CAN DRIVE MY 2006 FOR 3 MORE YEARS (AN ADDITIONAL 50K MILES) WITHOUT ANY MAJOR PROBLEMS. WHAT IS YOUR EXPERIENCE ON GOING UP TO 110K MILES? I AM THE SOLE OWNER, GARAGE KEPT MOSTLY HIGHWAY TRIP MILES AS I AM RETIRED. BACK SEATING NEVER USED. SOME FRONT PASSENGER USE. LOOKS LIKE NEW INSIDE AND OUT. IF I GET $15K FOR MY 2006 MY NET CASH OUTLAY WOULD BE ABOUT $33K. I AM WONDERING WITH THE ECONOMY AS IT IS WOULD I BE ABLE TO SELL MY CURRENT CAR FAIRLY QUICKLY.
ANY COMMENTS, OWNER-6
#9489 of 11958 Re: TO BUY OR NOT TO BUY [owner6]
Jan 06, 2009 (3:20 pm)
1. All caps is yelling online (and it's hard to read)
2. You already took the brunt of your depreciation (first 3 years are horrible for resale on a car). Why are you going to put yourself down another 30k?
Save the cash, keep driving it. 6-7 years is the sweet spot for getting the most ROI on a car (which is lousy for ROI). If you make it to 100k without major repairs, you're super far ahead of the game.
#9490 of 11958 Re: TO BUY OR NOT TO BUY [blueguydotcom]
Jan 06, 2009 (3:48 pm)
1. Caps advise well taken.
2. Thanks for your opinion. I had purchased the extra 50K miles service warranty some time back. It was a dealer special for $600 dollars so I have 34K miles left for free service, brakes and rotors. I like to have a worry free, maintenance free car as I travel a lot. Since I have not had any problems so far (only brakes), I felt I may want to chance another 3 years and save $30K as you also expressed. I just dont want to look back a year from now, be faced with a major repair and feel I made a bad decision. I have no experience with longevity as I have always sold my previous BMW's at about 50K miles. Again thank you for your advise.