Last post on Dec 06, 2013 at 10:50 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW, Car Leasing, Sedan, Wagon
#4992 of 5617 Am I getting a good deal?
Mar 24, 2013 (3:36 pm)
Hey everyone, first post here. I'm taking the plunge and leasing a 328i, and this is the deal offered to me by the Southern California BMW dealer. Based on what I've read here, it seems pretty straightforward and fair. I haven't even really done any negotiating at this point. I want to see if you guys think I should push for a lower price here.
VEHICLE: 2013 BMW 328i Sedan
Base Price $36,850.00 MSRP
With heated front seats, Harman Kardon sound and metallic grey paint (+ Destination and handling):
MSRP = $39670
Selling price offered to me = $36,105
Lender BMW Financial Services
Term 36 Months
Money Factor 1.3
Residual Factor 62%
Selling Price $36,105
Total Capitalized Cost $36,105
Residual Value $24,595.40
Total Depreciation $10,264.16
Capital Reduction $1245.44
Monthly Depreciation $285.12
Monthly Rent $77.29
Monthly Payment $362.41
Tax (9%) $32.62
Monthly Payment + Tax $395.02
Capital Reduction $1245.44
Cap Reduction Tax (9%) $184.54
License & Registration $370.00
Bank Fee $725.00
Documentation Fee $80.00
First Payment $395.02
Security Deposit $0.00
Drive Off $3,000.00
Trade Equity $0.00
Due at Signing $2,000.00
#4993 of 5617 Re: Am I getting a good deal? [bimmerdreamer]
Mar 25, 2013 (8:40 am)
So just to confirm:
Your cost over the life of lease: $2000 + (395.02 * 35months) = 15825.7 correct?
#4994 of 5617 Re: Am I getting a good deal? [darbebo]
Mar 25, 2013 (9:53 pm)
That's right, total cost over 3 years = 15,825.70.
When you put it that way, it sounds like a lot for something that you don't get to keep at the end of the payments. But oh well. I'm already fantasizing about driving it.
#4995 of 5617 Lease/APR incentive
Mar 26, 2013 (11:21 am)
If you're going to buy a 3 Series soon, do it now before March is up. BMW will be doing away with the $1000 lease/APR cash
#4996 of 5617 Re: Lease/APR incentive [jasonmdbmw]
Mar 27, 2013 (9:05 am)
Oh no! I have my BMW ordered, but it hasn't entered production yet and certainly won't be ready before the end of this month. Am I hosed for this rebate?
Are we sure that it's going away?
#4997 of 5617 Deal or No Deal? 335i Vert
Mar 27, 2013 (3:10 pm)
This is my deal, wondering everyones thoughts and if I should pull the trigger?
335i Convertible 36 month/ 10k miles *No loyalty*
Total Suggested Price: $58695
Signing: 1st months, Fees and Insurance, Upfront Taxes: $944
Rebate as Cap Reduction: $1500
Total Cash on Delivery: $944
Monthly Payment: $549 plus 6% tax
Total Monthly Payment: $582
I dont really understand why the add the rebate as a cap reduction and then give you the rebate zeroing it out, but I am sure there is some benefit to the dealer doing it this way.
I think it is a good deal and other dealers have told me they cant match, so I am thinking I am at the bottom, but just wanted to know what you guys thought?
Any help would be appreciated,
#4998 of 5617 Re: Lease on 335is convertible [hutcher]
Mar 27, 2013 (4:58 pm)
Hey, I'm looking to get a 335is convertible as well.
If you're getting the factory rebates, then your deal is ok. If you go to bmwconfig.com you can see what the invoice is. The factory rebates should be taken off the lowest negotiated price, then that would be a great deal.
I think I'm getting hosed on the MF and RV. I'm being told in Phoenix that it's 0.00170 and RV 64%. So I'm not sure the truth of that.
Where are you looking to buy? If you go to bimmerfest in dealer section you can find a dealer who will sell at invoice. They are known as sponsors. I found Jon Shafer in Santa Barbara, CA who was quite upfront. I think he also increased the MF but overall more honest than 8 others I've talked to.
If you know anything good, feel free to pass it along.
#4999 of 5617 Re: 335I End of lease considering 335Is new lease [taken_4_a_ride]
Mar 27, 2013 (5:11 pm)
That's a horrible deal! Is there no competition where you are? Go elsewhere. If they know you are repeat customer they will knock off a lot on your car and the new one.
Mar 27, 2013 (6:41 pm)
Please help anyone, I am trying to lease a 328i with premium and technology pkg, MSRP $43,945.
12,000 miles/yr. 36 months
$464 + tax (9.25% in so cal)
$2000 drive off ($1000 rebate included)
I dont think it is best deal but would like 2nd opinion
#5001 of 5617 Re: Review this lease deal! [kromix]
Mar 31, 2013 (9:56 pm)
Kromix, as I also live in FL, and provided that your tax is 7%, I guess that you live in Miami Dade County, exactly like me. Your deal looks very good, and especially when knowing that Miami has only 2 dealers, who happen not to be very much fighting for the sales. Therefore, can you please tell me from which dealer did you lease your Bimmer. Maybe you can even share the name of the salesperson? Moreover, how did you manage to get the USAA incentive? I guess that you must be insured with them, which is not the case for me, as I am insured by Geico, but still, I could not find this discount on USAA's web site neither. Thank you in advance.