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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3200 messages, Last post on Nov 25, 2009 at 7:08 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi Car_man, I signed a lease on January 2nd to lock in the December rates on a 2009 328CIC convertible. The rates I received were .0020 MF and 61% residual for a 12K/36 month lease as you had supplied to me last month. The car is now on order for delivery by end of Feb. The dealer is willing to give me a lower rate if BMWFS drops thier rates in Jan or Feb. Can you please let me know the new Jan rates? By the way, just coming into effect in January, BMW raised the prices by a few hundred dollars on their cars...I just squeeked in under the wire. Thanks Again, David T
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I am in Texas and interested in a lease (or smart-buy/baloon note), which ever is better economically. I'm still debating between the 328CIC and the 335CIC. I am looking for a lease ~36 months and ~10k mile/year allowance. Whenever anyone has the residual and lease factors (or the res and smart buy interest rate), I would very much appreciate having these. Finally, is there any reason to expect a structural move to these rates in February? |
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OK - Got the new car this weekend. BADA$$! The residual on a 15k lease for the 2009 335i is 56% and the base rate money factor is .00200. Amy |
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Car_man, Thanks a lot for clarifying the acquisition fee. You say it's $725 and that's what I'm telling dealers, and they're pushing me saying I'm $100 off! It helps to have good info to push back. I can't believe how much these guys try to stuff fees into their numbers. Here's one more: - I'm being quoted a $925 "Bank fee" -- does everybody pay this or is this another profit center for the dealer? Thanks!
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Car_man, sorry for the double post, but here's another one I just got from another dealer: "do not forget to add to invoice price these items: floor mats, gas, predelivery inspection and a BMW Center advertisement group charge which amounts to $950 total." Is this another BS fee? |
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Replying to: joesao (Jan 13, 2009 1:38 pm) One and the same... $725 is the base fee, and they can mark it up to $925 for extra profit.. |
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Replying to: joesao (Jan 13, 2009 2:22 pm) Full tank of gas: Included PDI: Seriously? Just what are they doing for the money? Advertising aka MACO: A legitimate charge on their invoice.. Are you asking for an Invoice + deal? If so, then that has to be accounted for (usually $300-$400). But, if they are trying to add that on to an already negotiated price, then tell them to pound sand.. regards, kyfdx |
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Replying to: kyfdx (Jan 13, 2009 4:18 pm) Thanks for the replies. Invoice + deal: thanks to you and the other good folks on this forum, we are able to get educated on how to negotiate these deals, and my understanding (to state the obvious) is that we always want to aim at invoice + deals and get the closest to invoice possible. The BMW dealers in my area -- all three -- are probably used to ripping people off because they're all quoting me MSRP even though I'm being very clear to them that I know the invoice price, MF and residual. So I've been through many email rounds of negotiations finding out all these hidden fees which I've asked you about. Sounds like advertising is another BS fee and that I should only pay $725 acquisition fee. This $725 plus the invoice cost of the car as configured constitutes "invoice" as a starting point in the negotiations. Anything above is profit to the dealer, correct?
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Replying to: kyfdx (Jan 13, 2009 4:18 pm) To scrutinize the inception fees, what's legit here? I'm being quoted: - First monthly payment (ok, seems legit  - License & registration $110.00 - MVWEA $2.00 (no idea what this is) - Rental surcharge $60 - Tire $5 - Battery $1.50 - Tag agency fee $20 - Tag processing fee $95 - Cap reduction tax $4.38 - State tax on fees $9.69 - County tax on fees $1.62 - Count cap red tax 0.73 - Customer cash as cap reduction $72.99 Incidentally, the total here (including the first month's payment) adds up to exactly 1,000 which is what I told the dealer would be my maximum out of pocket. I made it clear that I would only pay tag, title, taxes, and first month's payment. I find it fascinating that he was able to conjure up enough other fees and taxes to make the number add up perfectly. Therefore, I am inclined to believe that some of these are BS fees. Which ones?
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Replying to: amylock (Jan 07, 2009 10:26 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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