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You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Sedan, Wagon
Dec 26, 2008 (2:35 pm)
It wasn't brand new! In any regards....
Just put a deposit on an order on a 2009 M3 with all the bells and whistles I wanted. I will putting 0% down. On top of it I will be rolling in an additional $7500 of my current 2006 Limited Sienna AWD to combine the payments 3.9% or lower if BMW is good enough to decrease their promotional rates. I finally got the dealers to come down to $600 over invoice ond an order vehicle. I beleive that was a decent deal. I don't have the time to shop some more and get it down to invoice though it may have been possible. Anyways thats where I'm at and I'm happy.
Also I just wanted to say that I find this forum and all the other BMW forums here at Edmunds to have been a waste of time. I have gleaned ZERO information here to be of any use in my negotiations. All the posters here seem to be posers pretending to be in the position to purchase or for those who really couldn't afford a new Bimmer, LEASE. But I guese you do what you can to make your life more interesting, so, dream on fellas.
#3168 of 4113 Re: Easy, [thai357]
Dec 26, 2008 (3:40 pm)
Edmunds forums postings, like all opinions in life, must be taken with a grain of salt, which is a taste I prefer over vinegar.
Glad you're happy with your new car. Best of luck with it.
Dec 26, 2008 (6:45 pm)
I beg to differ. I have learned a great deal from these forums. I don't quite believe everything I read, and some of these guys are way more technical than I am.
More power to you, if you can afford a car like that with all the 'bells and whistles' at a time of such economic uncertainly, God bless you pal. I'm looking at a CPO 5 series, and I am taking a second and third and fourth look before I do it.
#3170 of 4113 2009 535i-X Deal Terms
Dec 28, 2008 (11:51 am)
Signed purchase deal today in MA:
MSRP $59,075 (premium, nav, cold, iPod adapter)
Price paid $55,972 before trade (excl $299 non-negotiable doc fee plus TTL
Invoice per Edmunds $54,365
Translation, $1,607 over invoice. I was hoping for no more than $1,000 over invoice, but they did give me a full $600 over KBB excellent condition on my trade, so I pretty much ended up where I planned. My trade was in good shape, but no other dealer would come close to matching the trade credit I received in this deal. The also gave me no-charge all-weather mats and chrome license plate holder (every little bit helps!).
I took the cheap money 0.9% financing, since cash is king these days.
The no-charge scheduled maintenance is nice, but be mindful it's quite limited (e.g., synthetic oil changes every 15K miles). On a 3-year lease, that's one thing, but on a purchase one might consider "protecting" his/her investment by performing more services than are included free.
Rarely do posters indicate how well their trades compare with current KBB trade-in values, yet I hope people are mindful to focus on the entire deal economics including trade-in credit, as the net price is obviously what you'll pay. A common dealer practice is to give on the new car, and get it back on a trade, or vice versa (depending on which end of the deal the customer is more sensitive to).
Picking it up tomorrow night. Monaco blue exterior with natural brown interior. I'm excited!
Dec 28, 2008 (12:44 pm)
Congratulations. I don't quite understand you about the no charge scheduled maintenance. The four year warranty covers ALL maintenance. I asked specifically about a 30K mile service on a CPO vehicle I'm looking at (since the vehicle has 18K miles, and I know that service to be about a $650 service), and the answer was the service was FREE under the warranty, as long as I get the 30K mile mark before 4 years goes by. Also free oil changes. Could you clarify?
Dec 28, 2008 (2:33 pm)
You and the OP are talking about the same thing, however, the OP is concerned (rightfully in my opinion) the maintenance covered by BMW is not sufficient for those wanting to keep the car long long term. The oil changes at avg of 15k likely stretch the limit of synthetic oil against breakdown, etc. Obviously for those that lease, this is a non-issue.
Dec 28, 2008 (5:33 pm)
Im wondering if since you say the car depreciates 25% in the first year why dont more people lease a 1 or 2 year old car. You would be getting the same thing essentially but much cheaper since you avoid the huge hit in depreciation. Or do the car companies see that coming and make the experience so unpleasant or make the deals on new cars so good? The lease payments would be so much cheaper. I lease because I get tired of cars so easily and I hate hate hate the selling or trading in of a used car process.
#3174 of 4113 Re: leasing cpo [richardga73]
by kyfdx@Edmunds HOST
Dec 29, 2008 (8:44 am)
The leasing programs on CPOs aren't very good... The incentives are all on the purchase side, when it comes to used cars..
You'll find much better leases on a brand new car...
#3175 of 4113 New 528i Lease Deal in Bay Area FYI
Dec 29, 2008 (11:54 am)
Hi all, I havent posted previously but wanted to share... I'm going to pick up my new car this afternoon - below are the details of the deal FYI:
NEW 08 528i, white, prem pkg, sport pkg, parking sensors (MSRP $51425, selling price $44k). 36 mo lease, 10k miles, MF 0.001, 58% residual, zero cap cost red (drive off inc sec deposit, first month payment + DMV fees totaling ~$1600). Monthly payments are $495 + Tax.