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Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
3506 messages, Last post on Dec 08, 2009 at 6:36 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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! |
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edmedway, 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?
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Replying to: gardis (Dec 28, 2008 12:44 pm) |
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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.
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Replying to: richardga73 (Dec 28, 2008 5:33 pm) You'll find much better leases on a brand new car... regards, kyfdx |
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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. |
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Guys, has there been any technical issues with navigation? Im looking at a CPO 2007 530i (29K miles) that has nav, and all the packages (sports, premium, cold, and one more can't remember) car is beautiful asking $34,900 for it, with negotation some wiggle room. I just want to be sure I'm not looking for a problem with the navigation which I don't even care about, but the vehicle has it. Car is really loaded, would hate to pass it up. Also another one 2007 530xi, 18K miles, warranty expires Apr 2014. Asking $36,900 dealer won't budge. That's another 2 grand, but warranty goes longer. Am torn, don't know what to do. I'm leaning toward the $34,900 one, has more. Dealer says his 530xi is competitive in price. I could care less about all wheel drive. That extended warranty is tempting however. Any advice?
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Replying to: gardis (Dec 30, 2008 12:20 pm) longer warranty...has x drive..( better for resale) worth the extra $$$ I drive a 2009 535xi manual you can probably negotiate a little more on the 2007 |
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Replying to: gardis (Dec 30, 2008 12:20 pm) I don't care how much money a person has; a car is a major decision and a very personal thing. It's something we use a lot and want to feel comfortable about. Dealers, Edmunds posters, professional reviewers, CR, etc. all have opinions, some relevant, some not. And though all can be useful in forming an educated buying decision, only you will be writing the check, so be sure to form your own opinions in the end. For example, I commented earlier that the no-charge maintenance might be insufficient to ensure long-term reliability, but that's just one opinion, as others might not agree. Good luck in your quest, whether it's this car, that car, or no car...whatever YOU decide. |
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Replying to: gardis (Dec 30, 2008 12:20 pm) Competitive with what? Both of those cars are $25K at most at auction. Widen your search area and wait - a better deal on the car you really want is probably right around the corner (lots of 06s and 07s coming off lease). If you care about a deal - go some place other than the BMW dealer since they'll probably have the highest mark up. They make very little on new cars - guess where they make money?  Just as a data point: I test drove a loaded 06 525xi with 30k mi and it was listed at $29k and they would have probably taken 25k for it. |
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