- #3141 of 3500
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Re: [gardis]
by jvost
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Nov 21, 2008 (11:26 am)
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Replying to: gardis (Nov 20, 2008 1:23 pm)
I don't think this is a particularly good deal. You can back into what the deal looks like based on the payment. I'm assuming that this is a 36 Mo. 10K, deal, so it probably looks like this
MSRP $51,770
Sales Price $47,625
Acquisition 725
Total Cap Cost $48,350 (discount of 6.6%)
Down Payment $ 0
Money Factor .00115
Residual 58%
Payment $599
You should be able to get about 10% off, so a good deal would be a total cap cost of $46,593 which would yield a payment of $543.
I think it's safe to assume that you can always do better than the advertised offer even on these "blow out" deals.
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- #3142 of 3500
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Re: [jvost]
by jayrider
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Nov 21, 2008 (11:50 am)
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Replying to: jvost (Nov 21, 2008 11:26 am)
Just curious-- here in illinois I would pay about $3100 in sales tax on that deal. Rolled into the lease I would have to account for $86 a month on zero down. What is the situation in colorado on leasing and am I correct to assume that the $543 payment includes sales tax? Thanks, jvost
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- #3143 of 3500
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Just bought 535i-X drive
by mas6002mi
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Nov 21, 2008 (7:05 pm)
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I got a $2500 off MSRP, which is close to Invoice +4%. I got the Cold+Nav package. Monaco blue+ beige.
Also found out that u can buy a car from a dealer and get it serviced from the BMW dealer of ur choice. So in effect u can buy from a relatively farther dealer with a good deal and then get it serviced from ur nearest dealer! it is free for 48,000mi/48mo.
This is in the MI area, bought it from Ann Arbor.
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- #3144 of 3500
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Re: [jayrider]
by jvost
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Nov 22, 2008 (4:38 am)
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Replying to: jayrider (Nov 21, 2008 11:50 am)
The $543 does not include sales tax. Sales tax here varies by county, but is typically about 7.6%, with sales tax the payment would rise to $584.
I usually leave sales tax out of lease analysis because it makes comparing lease from around the country confusing. Some places charge it monthly based on the lease payment and some have you pay it up front or finance it. It's easier to analyze deals net of sales tax and any other random fees that various states and counties charge.
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- #3145 of 3500
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Re: Just bought 535i-X drive [mas6002mi]
by jvost
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Nov 22, 2008 (4:40 am)
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Replying to: mas6002mi (Nov 21, 2008 7:05 pm)
Just be aware that your local dealer may not offer free loaner cars to customers who buy their cars elsewhere.
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- #3146 of 3500
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Re: [gardis]
by jvost
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Nov 22, 2008 (4:43 am)
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Replying to: gardis (Nov 13, 2008 3:28 pm)
I have a 535i X and am getting about 18 city and 30 (!) on the highway. I'd assume a non all wheel drive car would get better.
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- #3147 of 3500
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Re: [jvost]
by jayrider
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Nov 22, 2008 (7:38 am)
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Replying to: jvost (Nov 22, 2008 4:38 am)
Thanks for the reply --- do you typically roll the sales tax into the lease or pay it up front? It is interesting though, my lease payment on my 09 murano would be about $130 shy of the bmw you describe [36 months/36k] and the cap cost on mine was 29k. I would have needed an X5 [invoice 55k] though so the cost would have been a bit more. Add the premium gas and lower mpg and the extra buzz generated by driving the bmw would not have justified the expense at my age. The murano has plenty of bells and whistles and a very upscale interior. If I had wanted a sedan, the maxima sv priced in the low to mid 30's would have had plenty of chime ringing qualities to suit my needs and middle aged nervous system. I don't use 70% of the tech stuff on the murano --- my grandaughters get into it and tell me "Gramps, look at this- you can set this and that etc " Not for me, and some of the new high end vehicles have manuals the size of phone books. No thanks. I do like the xm radio.
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- #3148 of 3500
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Re: Purchase Price for a 2008 528i in South Florida [curiousfl]
by curiousfl
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Nov 22, 2008 (7:48 am)
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Replying to: curiousfl (Nov 15, 2008 6:03 am)
Thanks Phil. I appreciate the information.
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- #3149 of 3500
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Re: [jayrider]
by jvost
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Nov 22, 2008 (9:57 am)
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Replying to: jayrider (Nov 22, 2008 7:38 am)
Hi Jayrider - In Colorado the sales tax is calculated based on your monthly payment, so you pay it monthly and the lessor remits it to the taxing authorities monthly as well. I think that in some states they require that the entire sales tax amount for the term of lease be paid at lease inception, so in that case I assume that the tax either has to paid upfront or rolled into the capitalized cost. I think payment-wise it works out pretty much the same either way. On another note, one of the reasons I like leasing BMWs is that all of the maintenance is included, including brakes. On every lease I've had they end up replacing the pads and rotors before the end of the lease. That's probably a $1200 job. If you total up all of the maintenance expenses and the cost of a brake job on most cars over a 36 month period (although the free maintenance lasts for 48 mos., 50K) you might be looking at another $50/month in expenses that you have to add when comparing a BMW lease to another auto maker's lease. It's tough to beat a BMW lease.
I really like Nissan products - I have an Xterra that I absolutely love - but I admit to being a sucker for the glamour of BMW products.
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- #3150 of 3500
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by gardis
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Nov 22, 2008 (2:24 pm)
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jvost,
what about those t.turbos? I'm not technically proficient, don't really understand what they do, and am reluctant to buy an expensive car that has them. I'd be happier with a 530i, but they don't make it again. I have a shot at a 2008 CPO 535i, with 28K miles but pretty much decided against such a high powered vehicle. I stick with what I know, which is a 328i 1996, that engine has been great to me.
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