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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3201 messages, Last post on Nov 30, 2009 at 7:58 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Howdy Edmunds Forums! I'm planning on ordering a 335xi before the end of the year and leasing it. First, thanks for the residuals and base rates, yall. Very helpful. This is my first Beamer (previously an Acura family), and I was thinking about taking European Delivery. From yalls experience, does taking European Delivery cut out your ability to negotiate?
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Replying to: Car_man (Dec 19, 2007 2:40 am) I have a 2007 328xi with $26600 lease buyout at the end of my lease in Feb, 2009. I was able to successfully negotiate a lease buyout of $21300 + they took care of my remaining 2 months payment. BMW FS will negotiate with you, but you have to do it thru a dealer. I went with the dealer I went with to do the lease originally... You should be able to negotiate a current buyout minus about 20 to 25%. Tell them you will walk away from the deal. Only thing is they do not have any good financing on 2007 BMW purchase. I financed thru my bank at about 5%. Hope you find this helpful...
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Replying to: sraga (Dec 28, 2008 5:31 pm) also, my car has low miles so maybe this is why they are no interested in giving me a break on the buyout price. |
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Replying to: AggieKnight (Dec 25, 2008 9:57 pm) 1) BMW motorcycles are referred to as Beemers. BMW cars are Bimmers. 2) Some dealers are very willing to work with you on ED cars. You need to look up the European invoice price and work up from that. Some stores are willing to do a deal for $500 - $1000 above European invoice. Yours may or may not be one of them. You may need to throw a fairly wide net. There's a board devoted entirely to BMW European Delivery. Go to the list of 3-series discussions, and I think you'll find it. You can save many thousands of dollars if you're willing to do your research & take possession of the car wherever you need to in order to get a good price. Good luck. |
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Thanks for all the great post. I just wanted to share a deal I have just closed. This is my first lease, so I was caught a little off guard by the mark-up in the lease finance in the end. This is in San Francisco bay area. MSRP: $41xxx Sales: $33xxx ( this is a demo car with ~4k miles ) 12k/yr, 36 mth lease, residual: 58% Acq: $925 ( the finance lady swore this is amount BMWFS charges them, not $725 ) MF: 0.00091 after 7 multiple deposits ( yea, the crazy markup, but after half day of negotiation, I found out too late, and was too tired to just walk out when most paper works are done ) down: first month, deposit, title.... so no cap cost reduction monthly: ~350/m + tax I think I did ok. I am pretty sure people can do better with all the new discount emails I am getting now from different dealers. Best of luck car buying in year end ! |
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My first post to this forum: I thought it was a good deal - let me know your thoughts... negotiated a lease on a 36-month/15k per year, 2009 328x sedan w/ non-metallic paint premium; nav; cold weather; ipod adaptor for $480 over edmunds invoice for this build of $39,535. Residual at 60%, mf .0015. Payment of $457 after cap cost reduction of $2k and following non cap-cost reducing fees: acquisition fee $725 (down from $925); reg fee: $75; 5% sales tax on $2k cap cost reduction: $100; doc fee: $295 (thought this was high); and first payment Total cash down: $3652; monthly payment $457 I've built an easy spreadsheet calc that you can use real time to negotiate - I'll post it if anyone can tell me how to post files... |
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Hi there, I just thought about this. Since the fed rate is down and I leased BMW 3Series on May of 2008 for 36mths (around 6%). I wonder if I can redo the lease contract to lower down my interest rate so I can have lower monthly payment. If I call BMW Financial services wil they re-negotatiate? Anyone done it before? Thanks for any advise, i appreciate it.
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Replying to: jun2 (Jan 02, 2009 9:20 am) No.. what would be their motivation? |
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Regarding the previous post....BMWFS is not going to re-negotiate any lease...not only do they have no motivation but that would open a real "can of worms"....The big question is what is BMWFS going to do on January 3, 2009...All the great financing ends on the 2nd....For whatever reason I couldn't pull the trigger by the 2nd and I'm anxious to see if I made a mistake. I know the remaining 08 3 series are really being discounted...BMW in Concord sent out an e-mail offerring to sell at $2500 under dealer invoice on remaining 08 3 series. I think BMW is going to have to offer some greater incentives on 08 335s...there are alot of those in dealer's inventory. That is a great car but priced a little too much above the 328s..
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Hello everybody this is my first post here. I am interested into leasing a small luxury sedan not sure yet which one but likely a 2009 328i ( i have test driven that and the is250 so i have the a4 and c300 remaining, acuras are really ugly now). I am a bit confused about leasing. The BMW i am looking at has an MSRP of 39,600, it is auto w/ premium package and metallic paint. The money factor seems to be 0.00150 but with an MSD planning on 7(idk is it a good idea? for 3150 i am saving 1000 and so bucks total or 30 per month on the lease, and getting around 10 percent interest?) so its 0.00101. MF Residual is 62% 12k miles/yr Invoice ~ 36k better than tier 1 credit haha I want a base lease of around 360 plus tax so around $400. I will likely put 2500 towards cap cost red. So first I go to the dealer and try to negotiate the price of the car down? So for example i tell them lower the cars MSRP to 38k or 37k? Is it possible. And then i put my down payment of 2500 on top of that which should or shouldnt includes the acqui fee, doc fees and first months payment? (are those even legitimate fees?) so the gross cap cost is around 35500. Am i correct so far? I do my calculations and w/out tax i get around 363, which is excellent. Can I get this deal or am i too optimistic? Should i work more to lower the price? So many questions, but I would appreciate if you can answer. Thanks in advance!!
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