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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3218 messages, Last post on Dec 03, 2009 at 7:31 AM
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If this is helpful...... http://forums.roadfly.com/forums/financing/8244557-1.html |
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Replying to: chasen1013 (Feb 08, 2007 11:55 am) The money factor seems very high, plus you might be able to knock a bit more off the selling price. |
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Replying to: vonrauss (Feb 08, 2007 7:45 am) Thanks for the quick response. Were the DMV, Acq costs rolled into your monthly payments?
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Hi I just received a price of $700 over invoice($37,480 sales price) with a money factor of .00190 and a residual value of 61% for 3 years and 15k per year. They also want a security deposit of $550 and an acquisition fee of $625. With taxes rolled in the payment is $559.70 with $1802.20 due covering the security deposit, acquisition fee, inspection sticker-$10, doc fee-$45, and NY tire tax-$12.50. Is this a good price? Thanks |
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I'm likley going to lease a new 335i and I saw a post which showed the money factor at a .0015. In my initial conversations with the dealer, they were qouting me a .0021 and mentioned it is higher due to not putting up a security deposit and there was .0004 built in for dealer profit. I want to negotiate the money factor as close to the .0015 as I can. Is there a guideline as to how much profit over the .0015 the dealer should get? Also, anyone know how much needs to be added to the .0015 if I don't up a security deposit? I'm located in the Washington DC area, in case there are regional adjustments.
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Hi Car Man, I'm looking to lease a 2007 335i coupe. I'd like to know what the current buy factor and residual is for a 36 month lease going 10k miles/year for the month of Feb. In addition, could you tell me what a good purchase price would be based off MSRP? My main goal is to get the lowest possible monthly payment with max $1k drive off (don't want a 60+mo lease). If you have any other suggestions other than the scenario I'm inquiring about, I would appreciate it. Thanks so much for your help! p.s. I'm getting this through Crevier BMW |
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Replying to: jlbmw (Feb 09, 2007 1:13 pm)
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Replying to: toro1 (Feb 08, 2007 1:24 pm) Yes, I actually do have three simple uggestions for buying in SoCal. There are a TON of BMW dealerships out here, so the competition is fierce. Use the dealerships in the outskirts (so, for example, I would speak to people in Norwalk, etc) to get your baseline quotes. Then use those quotes as leverage at the dealerships that are closer to you. So, I ended up getting my best price from a dealership that was almost 40 miles away, but then, with some haggling, I got my local BMW dealership to not only match, but beat the price. ALWAYS deal with the internet department ONLY! NEVER walk into a dealership and deal with a salesperson. If you do go to a dealership without contacting the internet fleet group first, tell the person when you arrive that you want to speak with the internet group! Lastly, develop a relationship with internet sales consultants at the dealerships. There is a science to selling, and it works both ways. They try to create ownership for you by calling it "your car" and getting you to test drive it ASAP. YOU can work with these people over a month or so period. Become friends with them. Banter a bit. Trust me, you can sell them on YOU. They will do whatever it takes to sell you a car. If you want me to elaborate more, please let me know... These are my general SoCal suggestions. Its easy to get a great price here because of the competition! Hope this helps! Vonrauss
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Replying to: maxim49 (Feb 09, 2007 6:21 am) Yes, the DMV costs were rolled into my payment. But since I have the buy rate on the car, I didn't mind much. Also, it is my understanding that the BMW Acquisition (bank) fee is $625 minimum, so DEMAND this (most places mark it up to $850). Another piece of advice is demand that the salesperson give you any aftermarket accessory at THEIR cost. Trust me, none of them will have any problem doing this. Hope this helps! Vonrauss P.S. Be wary of dealerships that will try to throw in a bunch of hidden costs at the end. Make sure that simple things like mats, etc are included.
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Hi Guys, Can anyone help with my questions? Message #1202. thanks |
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