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Prices Paid: Buying & Leasing Experiences BMW 5-Series Lease Questions
2579 messages, Last post on Nov 11, 2009 at 11:10 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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  I visted two BMW dealerships today..Vista BMW Coconut Creek, FL and Vista BMW Fort Lauderdale, FL...I was given two totally different quotes...First Coconut Creek gave me a quote on a 2008 BMW 535i premium package for $52 and change with $1000 incentive included....10,000 miles...24 month lease....I told them I want my payment to be $530 tax included.....he told me its possible with 11,000 down......He didnt run my credit although it is good with good auto credit history.....I left there and i went to there brother/sister store in fort lauderdale...same car/price\ and i was told $6500-$7000 down for $530 a month....Why am i being told such a big difference in down payment?? Same company...same inventory...I know they have quotas to meet but it still doesnt make sense....I left there and said I would be back tommorow...or not.....I have no clue whether i should go to a third dealer or go back to the first dealer and ask them to beat it.....i did call the first dealer i went to and they said theres no way i was told that offer...i didnt tell them who gave me the better offer...should i? its the same company.....i also want the black with natural brown color but was told i HAVE to put money down before the car comes in....i feel like im getting taken advantage of because im 21 years old...but i have bought and leased a car before and almost got screwed both times so i know to be careful and to ignore their aggressiveness...what do i do? look what the first dealer emailed me saying: I’d love to be the one who earns your business and hopefully you noticed how professional and straight forward I am. So straight forward that my General Manager happed to come in for 10 minutes and I brought up your email to him. When he saw your address he told me lets check it out. Turns out that Phil’s lease was 36 months 12K miles. I am embarrased to tell you that his word were that he will let you have the same deal, with 10k miles and 24 months. He rather make no money than letting you buy far from us. The car I will have for you is 2008 535 Black Saphire with Natural Brown Dakota Leather, premium package, automatic transmission, satellite radio and iPod interface. If you would like to give me your business, we will have to meet here, put everything in black and white, signed by him for your piece of mind, get your credit information to send it to BMW Financial Services and lock in the faboulus December program. We will take $ 1000 partial payment which will be refundable if any thing is different than what he signed for. I want you to give it some thought, and if you’d like to secure that car (just in case somebody else in the country does), give a call for an appointment. I am off as of now till Tuesday but should you get itchy, as long as you let me know before, I can make myself available for you tomorrow late afternoon. Thank you for communicating back to me. Rico. HAHAHAHAHA
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Replying to: amandad123 (Dec 16, 2007 3:14 pm) Just email 4-5 dealers, tell them the car you want, tell them where it is or let them find it. Have the quote PRICE first. When you have a good price, TELL them the residual and Money factor they should use...TELL them the $625 ACQ fee. TELL them the resulting lease price (www.leaseguide.com/calc). Play 4-5 dealers off each other. Be patient but ruthless.
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Replying to: smithsonga (Dec 16, 2007 6:16 pm)
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Replying to: loveandlight (Dec 14, 2007 8:53 pm) |
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Ok, I emailed 3 dealers around Los Angeles for a 535i... w/ Sport, Prem, Nav and Heated seats. KBB has MSRP at 57,375.and invoice of 52780. I told them I wanted 3 year, 12000/mi lease. One already came back with: MSRP: 57375 Your Price: 53940 No money down, payment: 698 + Tax 36/10000 miles. I called and she said I was getting 1000 wich was going towards cap reduction so its not included in the price and a MF of .00225. From what I read this sounds like a great deal espcially right off the bat. Does anyone else think I should try to hold out for something better or are they just giving me their best deal first? |
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Replying to: jamesd553 (Dec 17, 2007 1:58 pm)  For every $1K you get off the price, your payment decreases by about $30 / month. I'd start at $51,780 and negotiate up from there, not down from their price. Good luck! 
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Replying to: jamesd553 (Dec 17, 2007 1:58 pm) Try to get a better price. verify the 'no money down'. I assume you have to pay 1st month, security deposit...so that is $1400 right there. They normally hit you with a doc fee...of $299-$499. Verify the Acquistion fee...it is normally rolled into your cap cost. $625 is what it should be, no more. A good start however, but dont take it yet...forward that offer back to the other dealers. |
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Replying to: webba (Dec 15, 2007 5:15 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: amandad123 (Dec 16, 2007 6:52 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: gaawb1 (Dec 15, 2007 7:13 am)
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