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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

What is this discussion about? BMW 3 Series, Sedan, Wagon


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#9521 of 10297
Re: ooops..mistake [irish111] by irish111
Jan 16, 2009 (5:05 pm)
Reply

The dealer quoted me 37,720 as a selling price.
#9522 of 10297
Re: ooops..mistake [irish111] by hemanthh
Jan 16, 2009 (10:16 pm)
Reply

Replying to: irish111 (Jan 16, 2009 5:05 pm)

I would shop around. Talk to another dealer and see if they can beat this price. BMW is doing pretty good becasue of their promotional rate, but still, they want your business. I assumed destination charge would be included in the price anyways regardless of where you end up.
 
If they stick to the price, talk them into adding accessories for free to the tune of where you want the price to be..
#9523 of 10297
Re: good lease deal on 2009 328xi? [irish111] by kyfdx HOST
Jan 17, 2009 (7:52 am)
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Replying to: irish111 (Jan 16, 2009 4:40 pm)

I think you are confusing destination charges (part of the invoice and MSRP) with the acquisition fee on the lease.
 
Also, the acquisition fee is $725 now.. (with the dealer option to mark up to $925).
#9524 of 10297
Is this a good deal? by irish111
Jan 17, 2009 (7:23 pm)
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BMW 328xi 2009
Premium pkg
cold weather pkg
automatic
ipod
 
MSRP 42,500
Selling price" 39,978.29
Res 60%
MF .002 (not .00175 because I rolled security deposit into my monthly payments)
588.19 per month + MV fee at signing 268.50 (all other fees, etc rolled into monthly payments)
I signed a contract?? (or is it just an order) for the car today (not the final lease). No $ given to the dealer. Getting car in week. Can I cancel if not a good deal? (1 day to cancel? 3 days??)
 Thanks!
#9525 of 10297
security deposit by nyccarguy
Jan 17, 2009 (7:42 pm)
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Pay your security deposit upfront & take the lower money factor.
#9526 of 10297
Re: security deposit [nyccarguy] by irish111
Jan 17, 2009 (8:20 pm)
Reply

Replying to: nyccarguy (Jan 17, 2009 7:42 pm)

Evrything I read said to roll it into monthly payments.
But I did the math and the difference with .00175 money factor is $2.14 less, and 600 / 36= 16.66 so that adds to 18.80 more per month and at the end of 36 months...36 x 18.80 = $677! that I don't get back.
So, why do they say to roll it in?
#9527 of 10297
Re: Is this a good deal? [irish111] by qbrozen
Jan 18, 2009 (6:13 am)
Reply

Replying to: irish111 (Jan 17, 2009 7:23 pm)

To answer your question, a car deal is never a car deal until you take delivery and drive away.
#9528 of 10297
Re: security deposit [irish111] by kyfdx HOST
Jan 18, 2009 (9:58 am)
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Replying to: irish111 (Jan 17, 2009 8:20 pm)

If they were actually "rolling the deposit" into the payments, then the money factor wouldn't change.. You would just have a higher payment because of capitalizing that amount.
 
If they are waiving the security deposit, then the bump in the money factor is .00015, not .00025... So, your money factor would be .0019, assuming they aren't bumping it up for extra profit.
 
As noted above, the waiver isn't a very good deal, especially on a 36 month lease.. Make the security deposit, then insist on the base money factor.
 
You can also either pay the acquisition fee, roll it in (i.e.: capitalize it), or waive it in exchange for a bump in the money factor of .00035 (usually a bad idea). I always capitalize the fee.
 
regards,
kyfdx
#9529 of 10297
Re: Lease - Signed on Dec 31 [randyjstark] by investor27
Jan 18, 2009 (6:56 pm)
Reply

Replying to: randyjstark (Jan 01, 2009 10:33 pm)

Randyjstark. How did you manage to get them to agree to give you back the MSD (money security deposits) even in the case of a total loss? From my understanding, the security deposits are forfeited when you get into an accident. You can have a minor fender bender and they will still use that to take your security deposits.
#9530 of 10297
New 2008 lease by killahbeez
Jan 19, 2009 (12:38 am)
Reply
Just lease a 2008 BMW 328i, how did I do.
 
Crimson red, black letherette
Steptronic auto
Paddle shiffters
Sports package
Heated seats
Xenon lights
Ipod adapter
wheel locks
floor mats
trunk liner
 
36/month lease with 12k/year
.000125 MF
56% residual
MSRP $38750
Neg. price $30750
Bank fee $725
DMV fees $218
Tax $0 (Oregon)
first payment $359
due at signing $0
 
Zero out of pocket for $359/month

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