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Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
3045 messages, Last post on Sep 04, 2008 at 3:03 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Just got word that my new 550 was delivered today and I get to pick it up tomorrow. I got nearly every option including the M5 aerodynamic pkg which is pretty sweet looking. They're also adding the little rear lip spoiler in the morning. I was going to buy it but then got to thinking that they;ll probably come out with some super engine that makes the 550 archaic and have the prices dive so I've considered the idea of leasing - does this make any sense. AND....a Ferrari 328 GTB just happened to pop up and I'm getting a PPI on it tomorrow. If it's as good as they claim it be, I'll soon have the GTS and GTB matching side by side in my garage 
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Replying to: chile96 (Jun 03, 2008 9:23 pm) Although I have no new information to offer, I don't doubt that you have a point. I would agree with a lease if it's a good deal. Good luck with the car.
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Model 0856 528i USD 44,300.00 Color 475 Black Sapphire Metallic N/C Upholstery LCSW Black Dakota Leather N/C Options ZPP Premium Package 2,300.00 319 Universal Garage Door Opener N/C 430 Auto-dimming interior and exterior mirrors N/C 431 Auto-dimming rearview mirror N/C 563 Ambient light package N/C 205 STEPTRONIC automatic transmission N/C 488 Lumbar support N/C 494 Heated front seats 500.00 522 Xenon headlights 800.00 524 Adaptive light control N/C 655 Satellite radio with 1 year subscription 595.00 Net Total 48,495.00 Destination Charge 775.00 Gas Guzzler Tax N/C Total Suggested Price 49,270.00 What would be the least offer that I can give on this car in Texas?
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Replying to: carnaught (Jun 04, 2008 4:33 pm) |
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Replying to: mango39 (Jun 20, 2008 7:37 am)
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| I am in the process of shopping for a 528i (Premium Package and manual transmission). BMW is currently offering the Premium Package at no cost on 2008 models. The local dealer has discounted the price of the car by this amount. Is this as good of deal as I'm going to get or should I continue shopping? | |
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Going to the dealer tomorrow. Been reading these forums for about 2 months and ready to take the dive! Going to lease the car, but I don't think that it makes a difference, you can still bargain for the price of the car (after reading the forums). So here is my question. With the Trunk money offer for the premium package and how bad the economy is going and since dealerships have been losing business the past few months, should I go for the throat and offer the following. (going to be general and not put up numbers, easier if it's a yes, no response!) The 535i + all the options I want (prem, sport, etc) at invoice pricing - $2500 (trunk money for the premium package) and work my way up from there? And also, for a 3 yr, 10K mile is the MF still 0.0020 and residual 58%? I live in So Cal also. So my friends, think that my offer is too unreasonable? And I want to thank everyone again for posting your deals, it's really helped me out and informed me on how a REAL MAN should negotiate for a BMW. I feel much more confident about going tomorrow to the dealer with the knowledge I have...I'm going to be ready for a hopefully GREAT deal!
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Replying to: kojiao (Jun 23, 2008 10:57 pm) Even though the economy now is poor, keep in mind the shrinking value of the dollar on a European car.
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Replying to: carnaught (Jun 24, 2008 12:28 pm) Have a friend get the 535i two weeks ago for $1500 under the invoice price. But going to double check to see if they are actually telling me the truth or not (people tend to exaggerate their "great buys") - The dealer was in Long Beach, FYI. Hopefully by the end of this month, I can report something good for everyone! |
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Ok, just finished up on this deal. Invoice pricing: 535i - $45,450 Prem - $2,555 Sport - $1,910 Ipod - $365 Nav - $1,730 Comfort $910 Destination - $825 Training fee - $180 MACO - $245 Invoice total - $54,170 + $45 Doc fees = $54,215 Got 1K under invoice . Price: $53,215 Then Drive off fees: 1st month $720.01 $410 TTL $825 Acquis $33.23 - Cap cost reduction --> don't ask why, I put a Down payment of $33.23! $2.58 - Sales tax on cap cost reduction $7.00 - CA Tire Fee $63.94 - Tax on bank fee (asked them about it, they didn't know how to answer, left it in) =========== $2061.76 Out the door fees ~~~~~~~~~~~~~~~~~ Adjust cap cost - $53,215.00 - $33.29 (cap reduction) = $53,181.77 (net cap cost) Residual 58% - $33,857.50 - 10K miles/yr Money factor - .00151 (for some reason why, they took 1 SD + 7MSD to get the full .00049 MF reduction) So $6000 ($750 per MSD x8) was my SD! I wanted to point out that the $6,000 that I put down in SD will save me over $1500 over the lifetime of the lease. So you are basically getting 25% back on your 6K investment that you will GET BACK!!(provided you don't wreck the car). So MSD > Cap reduction deposits! You guys can do the math from here but just in case you're lazy: Depreciation = $536.80 Finance Fee = $131.42 Sales tax (7.75%) = $51.79 36mo/10K miles - $720.01 ~~~~~~~~~~~ Overall a fun experience, I'm sure that I could've done better, but the dealership is close to home and they give you a BMW loaner when you turn it in for your free service...and other nice things (take you to the airport, free car wash, etc) The salesman is nice too, very patient, I asked for 2K under invoice, but then realized the trunk money was $1,910, so I just said we'll split it, I take 1K and they take $910. (But I'm sure that people will point out the other places I got ripped off!) Anyways, that's what I got! Did I do ok on my first "Carspace.com educated" deal? Fun car - pushed it on the freeway...whee! You all have been great with my education on leasing!
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