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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
2357 messages, Last post on Jul 03, 2008 at 7:26 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I have never leased a car, so I am pretty new to this. I have heard two opinions on leasing and don't really know which is best... Should I put a lot down to get a lower payment? Or should I only pay what I need and fight for a good rate? I have near perfect credit, its at 820 right now. I am trading in a 2002 Acura CL type S I have never owned a BMW, so I do not know how much I can talk them down on pricing or a monthly payment... I am pretty much hoping to walk out with a new 328i coupe w/ automatic, sport & premium package for under 500 a month... you think I could do that? I live in Miami, FL. any help would be great!!!! I appreciate it.
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Replying to: jetfan (Apr 19, 2008 4:34 pm) |
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Replying to: jps0429 (Apr 19, 2008 8:51 pm) The question is, why? I don't want to sound too redundant so go HERE to read about my take on down payments. Couple of suggestions on top of that. I wouldn't put down a lot of money in general. I would trade in the CL, use part of it to pay for the drive-off cost and have them cut you a check for the remainder of your trade-in and keep it in either an investment account or some type of interest yielding account. If your payment is $525, you can pull $25 bucks every month from the trade-in of your CL to help pay down the cost. I find the 3-series tough to negotiate since they are fairly desirable, but in this economy, i think you can still do alright. Try emailing some dealers for quotes, take the one thats most promising and try to get them as close to invoice as you can. Remember, nothing is final until you sign the papers. So think long and hard before you sign away your hard earned cash for the next 36+ months. Best of luck. BTW, your credit is awesome! 
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Here are the terms of one offer for a lease in Upstate NY : Here are the numbers for the 335xi with Premium Pkg,Cold Weather Pkg,Navigation,metallic paint 36 month lease 15k miles a yr MSRP 47550 Selling Price 45500 MF .00210 61% residual 1850.26 tax  7% County Tax 625.00 Bank Fee 625.09 First Payment 650.00 Sec deposit Refundable 45.00 Doc fee 10.00 New York State Inspection 10.00 New York State Tire Tax 3827.85 Total Due I gave you a 2000 discount on the car and threw in free floor mats Which is a heavy discount for a BMW In hope to earn your business Do these numbers seem right and is this reasonable. Any comments would be appreciated. Thanks |
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| been getting pretty good quotes from multiple dealers now on a loaded 335 sedan. Ranging about 500-1000 over invoice. I guess they're trying to clear out some of the 08's with the 09's coming in a few months. Well I heard that the 09's will have a slight facelift and maybe some other features, do you guys thing they'd be willing to negotiate on the 09's at all? thanks | |
Was looking for a little advice. I have been bargaining with dealers in the Atlanta area on a 328i sedan for the past week. They all say they will sell to me at "$500" over invoice but then when they send me the numbers they are charging me an $825 acquisition fee and a $499 Doc fee, as well as giving me terrible money factors. I swear they are much worse than the honda dealers I have dealt with in the past. They have finally agreed to the regular $625 acquisition fee but one of the dealers insists that Doc fee of $499 is non-negotiable and that every dealer, including kia dealerships, charge a $499 doc fee. I have never heard of this and wonder if this is indeed true. If any anyone has any advice about the doc fee and/or advice about dealers in the atlanta metro area I would love to hear it. Thanks so much.
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Just curious what people think. The "doc fee" annoys me but multiple dealers in this area (atlanta) have said this is non-negotiable. I know its just profit for them. I have had one dealer say they can't match this offer so I am guessing I am getting near the bottom of what dealers are willing to sell. Also do people usually roll their aquisition fee and doc fee into the lease? I'm guessing this is advantageous to the dealer so perhaps I should pay all of this up front? MSRP / Invoice $33175 / $30765 - 2008 328i (Includes $775 Destination fee and $180 Training) Sport Package, Manual Transmission, Leatherette, BMW Assist with Bluetooth, Comfort Access, Metallic paint $36500 / $33790 Total $500 Dealer Profit $499 Doc Fee $625 Acquisition Fee $35414 Total Cap Cost on 36mo/12k lease with MF 0.00175 and Residual 63% $22995 Residual (63% of MSRP). $478.49 Total Monthly Payment with 7% tax included $500 Refundable Security Deposit. |
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Replying to: 1985mb (Apr 02, 2008 1:43 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: mva1 (Apr 03, 2008 6:39 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: dhamilton (Apr 08, 2008 2:25 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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