- #2109 of 2409
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Re: yatze re bmw [jayrider]
by yatze
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Jan 03, 2009 (11:52 am)
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Replying to: jayrider (Jan 03, 2009 11:14 am)
Thanks again for the prompt response. My original residual is $36,579. I put down multiple security deposits so would get back about $4000.
Dealer suggested bringing in car for "pre -pre- inspection in early February while still under lease to see what needs to be done, if anything so I won't have to pay for it.
He gave me the papers for what is covered CPO -- will re-examine then again. Also said I could get a "maintenance" contract for an additional 1895. Not sure I want to do that.
I will take advantage of your offer to contact you end of February for latest auction #s.
In the meantime, have looked for 06 wagons on the internet and $29k is the low end CPO, except for a car down in Miami for 27,595 but that car has 40K miles.
NYC BMW has almost my identical car, close mileage for $28,900 so no much difference. Others are in the 30's.
I will contact you in February before I go back to the dealer. My lease in up March 6.
Thanks for all your help.
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- #2110 of 2409
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Re: yatze re bmw [yatze]
by jayrider
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Jan 03, 2009 (12:27 pm)
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Replying to: yatze (Jan 03, 2009 11:52 am)
Sounds like you are doing the best you can to get a fair deal -- did see one like yours for 24500 with similar miles on ebay so you are pretty close already. You might offer $500 for the maintenence package and let them sit on it. The less likely they feel you are going to buy and the more likely they feel they are going to put your car on the lot -- the better your negotiating position. Later.
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- #2111 of 2409
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Re: yatze re bmw [jayrider]
by yatze
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Jan 03, 2009 (12:38 pm)
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Replying to: jayrider (Jan 03, 2009 12:27 pm)
Do you know if the CPO can be negotiated or is that set by BMW? I have gotten different quotes on this in the past. Thanks.
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- #2112 of 2409
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Re: yatze re bmw [yatze]
by jayrider
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Jan 03, 2009 (1:16 pm)
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Replying to: yatze (Jan 03, 2009 12:38 pm)
Your total price is very negotiable. If they negotiate a better price off the cpo/maintenance packs they could be negotiating off the selling price of the car. My guess is that auction price on your car could be in the low 20's now. If they are selling to you for 26k there may be up to 2k for them to give on a bottom line deal. The auction price in march will be lower so you may be able to get the car for a bit less than 26 or you can pay 29 for the cpo and try to weasel the maintenence pack. If it doesn't cover brakes, I would pass on that and go for a better deal. You have to project a predisposition to turn the car in unless they make the deal super. If they won't move the day you have to turn it in then you know you've don the best and can sign on theline. Also, if you feel comfortable with this dealer and have checked with others who are satisfied then that is worth something as well. Lots to consider but stay frosty with cold dead eyes --- tell them your wife is dead against it and you're going to buy a ford focus cause of economics --- make up your own bs. It can work.
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- #2113 of 2409
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Re: yatze re bmw [jayrider]
by yatze
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Jan 03, 2009 (2:05 pm)
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Replying to: jayrider (Jan 03, 2009 1:16 pm)
Thanks. I will touch base with you in February. I live in a pretty affluent area, and this was the only dealer out of 4 who would even consider doing this -- the others said they don't buy back cars. End of story. My dealer would only sell/lease a new car.
I already told this dealer that I would walk away if the deal wasn't good as I have 2 other cars and either would keep them or get a honda. Didn't faze them. THey said check back with them in February. So I will and thank you.
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- #2114 of 2409
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Re: yatze re bmw
by gardis
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Jan 03, 2009 (3:06 pm)
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Replying to: yatze (Jan 03, 2009 2:05 pm)
Yatze, I just checked my local dealer here in Fairfield County, CT., they have a 2006 530XIT wagon, with 44,138 miles (!!) and asking $34,900 for the vehicle, CPO. I would say, I have no experience at all like Jayrider, but to me, that $29,000 seems like a deal for a car with only 20K miles? Wow that sounds even cheap to me.
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- #2115 of 2409
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by gardis
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Jan 03, 2009 (3:13 pm)
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Jayrider, what do you think of this deal:
2007 530i with 28K miles, one owner. Warranty runs Aug. 2012. (Aug. 2010 on the service warranty).
Vehicle has all pkgs (sports, premium, cold and 1more I can't remember), NAV,
premium sound, many other things, dealer called it "loaded".
They are asking $34,900 for it, and the sales girl said they would negotiate. Also has tinted windows (after-market) which they offered to remove no charge. Since the car is black/black, it's a little too dark.
I'm reading what you are saying about the market, and thinking maybe I let them sit on the car and wait it out, but the car is beautiful, I hate to lose out. It's been on the lot for about 3 to 4 weeks now. I'm trading in a 1996 328i with 106K miles on it. Don't have a clue what they'd offer me for the car.
Then there's another dealer with a 2007 530XI, 18K miles, white/beige, sports and premium pkgs only, he wants $36,900 firm. He calls that price "competitive." I don't know that they'll move on it, yet I'm attracted to the warranty on that vehicle which runs until Apr 2014 since the car didn't go into service until Apr 2008 for some reason. His position is that since his vehicle has AWD it's worth the extra. I couldn't care less about the AWD.
What do you think, any advice.? I'm holding off and waiting. I figure who's looking for a new car in early January.
thanks Jayrider.
Gardis in CT
gardis72 gmail.com
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- #2116 of 2409
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Re: [gardis]
by jayrider
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Jan 03, 2009 (4:26 pm)
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Replying to: gardis (Jan 03, 2009 3:13 pm)
Since you are trading 1996, there is almost no way to calculate your deal. You need to sell it or wholesale it out because no dealer will give you $500 for it. Pay a $100-$150 to have it detailed and drive it another year.It will seem like a different car. Best advice you'll get.
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- #2117 of 2409
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by gardis
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Jan 03, 2009 (9:37 pm)
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Jayrider
I don't get it. I am talking about purchasing the vehicle, not leasing.
I'm planning to trade in the 1996.
I don't follow you. You're saying don't buy anything, keep what I have and drive it another year? Please clarify. Sorry, and thanks.
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- #2118 of 2409
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Re: [gardis]
by jayrider
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Jan 04, 2009 (9:32 am)
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Replying to: gardis (Jan 03, 2009 9:37 pm)
Trading a car turns a clear deal into a muddy one. What the dealer gives you in trade varies from one dealer to another so unless you sell your car before you deal you really don't know where you stand. With a 8 year old car with 100k plus miles a dealer isn't going to be interested unless it is pristine and runs like new in which case you should sell it yourself. If the car is rough, no one will want it. Get it detailed and drive it til the wheels fall off. Every month bank the payments then when it finally dies donate it and start searching for a new one. The dealers you talked to don't see you as a serious buyer. From our discussions I don't see you as a serious buyer. Nothing wrong with that, just an impression. You haven't test drove any of the cars you seem interested in so that would be a good first step. You might decide your car compares well enough to keep it. If your present car is dependable you should be able to get another 50k out of it. Me personally, I would never spend 35k on a used car. No way no how. So many fine autos available foreign and domestic brand spanking new with great features safety and value. To each his own -- good luck.
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