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Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
3050 messages, Last post on Sep 07, 2008 at 1:27 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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 1:08 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 11:09 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 1:08 am)
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Replying to: kojiao (Jun 25, 2008 11:54 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 2:03 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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Replying to: smithsonga (Jun 25, 2008 12:15 pm) So what I did is get the invoice pricing for the car/options - got invoice pricing from bimmerworld forums. I double checked the dealer's invoice pricing with the bimmerworld - was the same. So I considered the $47,225 invoice for the car. (all the prices were confirmed as invoice except for the $245 MACO, I think you can take the MACO fee out, I didn't push for it) Then I asked for $1,000 under the invoice pricing, so my agreed total was $37,225 for the car, before TTL + Security desposits, etc. Hope that clarifies it for you.
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Replying to: kojiao (Jun 25, 2008 4:50 pm) We just got a black sapphire metallic/black interior 328i for my wife. Looks very metallic when clean and closer to jet black when dirty. My 535 will be platinum gray/black, premium, sport, nav, and iPod. Currently driving a 2005 530i which has been the best car I have had. car-rm
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Replying to: car_rm (Jun 25, 2008 4:59 pm) I saw the plat/black last also....car is nice, lean-mean, dark driving machine. The car is rockin....but considering that my last car was a '99 ML320 - I think ANY sedan is a godsend! 
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Is this a good deal on this lease on 528xi? Design/MSRP Description MSRP USD 46,800.00 Monaco Blue Metallic Cream Beige Dakota Leather N/C Cold Weather Package 750.00 Heater Rear Seats 350.00 Options Premium Package 2,400.00 Universal Garage Door Opener N/C Auto-dimming interior and exterior mirrors N/C Auto-dimming rearview mirror N/C Ambient light package N/C STEPTRONIC automatic transmission N/C Lumbar support N/C Xenon headlights 800.00 Navigation System 1,900.00 Adaptive light control N/C Net Total 53,000.00 Destination Charge 825.00 Gas Guzzler Tax N/C Total Suggested Price 53,825.00 Sale Price : $50,585.00 Down: $2000K 15000K Miles for 39 Months with 58% residual and 0.00200 MF Lease $689.25, is this a good deal? |
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