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Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
3503 messages, Last post on Dec 07, 2009 at 9:12 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| 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 9:57 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 11:28 am) 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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Replying to: kojiao (Jun 25, 2008 12:08 am) To answer your question about the MSD, if you are a new BMW leasee, if you had not given a security deposit, they would have increased the money factor so that depost negated that increase. Did notice that they did mark up the aquistion fee by the $200 max allowed but as you were able to bring in the premium package money availabile to the dealer, it looks very reasonable. More improtantly, are you happy?
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Replying to: car_rm (Jun 25, 2008 10:09 am) I talked to him about the acq fee, but the saleman was like "come on".... I think that there were two places I could've pushed, but didn't 1) On the invoice - The $245 MACO fee 2) The $825 acq fee - The $200 extra that you mentioned I think that the dealer made up for the 1000 off invoice there, so if I really was being a bad egg about it, I think that I could've gotten another $445 off the car but I was happy with the deal as is. The $445 would've saved me about 15 bucks a month, I'll be meaner on the next lease.... 
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Replying to: kojiao (Jun 25, 2008 12:08 am)
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Replying to: kojiao (Jun 25, 2008 10:54 am) The MACO is something that they do need to charge but does not show on invoice. What I have heard/read on this one is that if you are not dealing with a number over invoice, it gets buried into the final number. My deal for an upcoming ED is $1200 over invoice, but for ED the training and MACO are taken out of the picture but there are no additional dealer incentives that can be applied. Fortunately I am locked into the pre-increase prices as well as having been able to lock in the April MF and residual for 90 days as a returning lessee. What color? Car-rm
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Replying to: car_rm (Jun 25, 2008 1:03 pm) Interior was cream beige Wanted to try something different this time. Usually get black/grey...but I like the contrast and the light wood trim makes it look fancy-like.
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