Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
3028 messages, Last post on Aug 01, 2008 at 11:18 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
|
|---|---|
|
Hello all, need some help on the following for a 528i in Charlotte, NC. Black 528i, premium package with black leather, heated seats, iPod and xenon. MSRP 49,075 Selling price of 47.075 36 month lease with 10K a year $1,116 down (includes first payment) $684 a month. This seems really high to me - rookie here and would really appreciate some advice. Thanks. |
|
|
|
|
Replying to: seabassttu (Apr 19, 2008 8:07 pm) $0 down - nothing out of pocket, but may have to make first payment Demo with 9k miles on it for $650/mo. Higher mileage than I prefer, but as long as it is in top shape I don't mind since it will be under warranty for as long as I have possession of it. I would say you're probably getting a pretty good deal. I definately don't think you're getting 'ripped of.' |
|
|
Replying to: mikesmithtx644 (Apr 20, 2008 6:43 am) I am looking at a similar car as well about $50K MSRP with 13K miles. Wondering what argument or tactic you took with the dealer to get the cost of the car to the $42-43K range?
|
|
|
|
|
Replying to: capsfan (Apr 20, 2008 1:31 pm) I used the terms I saw on this board (thank you to all who contribute to this board) and ran my own calculations and thought I had a chance at hitting the $650/mo or less I needed. I told my sales guy I can afford $650/mo (nothing out of pocket - except maybe the first payment) and said that it was simply a 'yes or no' answer and they just needed to tell me 'yes' or 'no.' Real simple. No games. I told this to my sales guy and he had his finance manager call me. After my phone call with the finance manager where I laid it all out he said he would speak with the sales manager and get back to me. It was their creative idea to use the demo car as an option. Assuming the car checks out this week, BMW will have a sale. The sales guy never offered this as an option, so if I wasn't stubborn this deal would never have happened. One tact may be to go straight to the Finance manager and lay it out. My conversation with him was a breath of fresh air. No stupid comments like 'put $3600 down and I can lower your payments by $100/mo.' I did learn that BMW actually pays the dealership for the use of the Demo's, so even with a below invoice deal, the dealership is still in the money. I wonder how many car sales a dealer actually looses because of their sales team? Hope this helps.... |
|
|
Replying to: smithsonga (Mar 28, 2008 8:02 am)
|
|
|
|
|
Replying to: mikesmithtx644 (Apr 20, 2008 6:43 am) To be fair I bought a demo/loaner car with 9,100 miles on it (but it will be under warranty for as long as I have it), but here is the deal. Term: 36 Months Type: Lease Mileage/yr: 12,000 Cap Cost: $45,524.15 (my only out of pocket was the first payment. Acquisition fee was $825, Tax was 2618.52, title $184.30, price of vehicle $41,896.33) residual value: $29,669.50 ( I thinks this works out to about 65%) depreciation: $15,864.55 rent charge: $6632.03 total of base monthly payments: $22,486.68 Monthly lease payment: $624.63 There are no other fees detailed except the $350 disposition fee at the end of the term. I do not know what the money factor is as this is not called out on the paperwork. I am not quite sure how to figure this out. Thanks to all who have posted here. I wouldn't be driving this 528i with our all of the good info posted here. I hope this will help others. What do you all think of this deal? My next best deal for a similar car was $752/mo.
|
|
|
|
|
Replying to: mikesmithtx644 (Apr 25, 2008 8:25 pm) I got a 528i back in December, 2 yrs, 10k miles/year. $52k msrp....around $48k price if I recall. $1800 total down (doc fee, acq fee, a small cap cost reduction..about $400, long story). $600/month including 7% sales tax. |
|
If you purchase you BMW at a dealer that is not local, does the local dealer have a responsibility to service your car and provide a loaner.
|
|
|
Replying to: gjonesmi (Apr 26, 2008 7:59 am) Loaners will vary by dealer.. Given enough notice, my local dealer will provide a BMW loaner to any service customer, regardless of where they purchased their car.. Some dealers only give loaners to their own sales customers. BMW NA has no policy or requirement for loaners. It is solely at each individual dealer's discretion. regards, kyfdx |
|
|
Replying to: chile96 (Apr 16, 2008 7:01 pm) |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2008 BMW 5 Series
Browse by Board
Browse by Topic
