Last post on Jun 17, 2013 at 8:29 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 3 Series, Sedan, Wagon
#11949 of 11958 Re: Is this 335is Coupe a good one with $53.5K [flightnurse]
Jun 09, 2013 (9:47 am)
I don't know the money factor.
here is what the dealer offered:
The sale price before tax and fee is: $53,435
MSRP is $60,295; Residential value is 39,192
$5000 total drive off
$610 per month for 3 years lease.
sale tax here is 8%.
Is this a reasonable price and lease?
#11950 of 11958 Re: Is this 335is Coupe a good one with $53.5K [david1022]
Jun 09, 2013 (10:39 am)
Find out the money factor. Also check what the money factor is on here and compare. When I leased a vehicle a few years ago the money factor they offered at the syart was twice what I ended up negotiating.
It could save you $30 a month. Or maybe not but you should know.
Also with the info you provided you can figure it out. There is a formula.
Can't remember it right now though.
#11951 of 11958 Re: Is this 335is Coupe a good one with $53.5K [david1022]
Jun 09, 2013 (11:12 am)
Using the residual you apparently have (65%) and the true money factor, .00127, I get a payment of $513 w tax and fees up front and $596 with absolutely nothing down.
#11952 of 11958 Re: Is this 335is Coupe a good one with $53.5K [david1022]
Jun 09, 2013 (2:48 pm)
you need to know the money factor, if this is your first lease which it sounds like read up on what a lease is and the lingo that goes with it. not knowing the money factor and putting 5k down shows you really dont understand it. edmunds had a great article series on leases and how to understand them.
#11953 of 11958 Putting down deposit before signing a contract
Jun 09, 2013 (7:37 pm)
I negotiated the price of my new 328 over the phone and came to terms on selling price, initial money due and monthly payment with the salesman. He said he located the car but it'd take a week to get it and asked me to come to the dealership to put down a deposit.
I went to the dealership thinking that I'd be signing a contract with all the terms as agreed on the phone and put down a deposit, but it's not to be. Instead he asked me to sign the Purchase order on which he noted the MSRP, lease terms: 15Kmiles/36months, initial payment of $1600 and monthly payment of $550 (which were what we agreed to on the phone). I gave him a check of $500 for deposit, of which he gave me back a receipt. He said the contract is to be done with the Finance guy who will explain details when I come to pick up the car.
I wonder if it's normal or there's anything I should be concerned of here?
By putting down the deposit and signing the purchase order, I feel like I'm signing a contract but all the terms are not fully fleshed out so I'm not totally comfortable about it.
#11954 of 11958 What is Negotiable
Jun 10, 2013 (7:54 pm)
I am in NJ thinking about leasing a 320i.
If I get them down to a selling price I want (assume 500 over invoice), the standard buy rate and residual amounts, what else is negotiable? Can I say I donít want to pay destination or doc fees? One or the other? I understand the taxes are not negotiable as well. Title fee? Assignment fee?
#11955 of 11958 Re: What is Negotiable [jdomasi]
Jun 10, 2013 (8:49 pm)
You can try and negotiate anything you want, all the dealer can say is NO. Now before going in get all the facts, like money factor for this month and residual for the car you want. Once you have these numbers it will make it much easier to make sure the dealer wont try and take you for a ride.
#11956 of 11958 Anyone know which BMW locations are having their $1000 drive event near NJ?
Jun 10, 2013 (8:59 pm)
Anyone know which BMW locations are having their $1000 drive event near NJ? all the ones around me are in July.
#11957 of 11958 Re: What is Negotiable [jdomasi]
Jun 12, 2013 (8:40 am)
Destination cant be negotiated and doc fees everyone has so you're going to pay it somewhere, might be able to find a dealer that charges alittle bit less than another. Title and tag fees, like taxes, cant be negotiated either as they are set from the state, not the dealer
#11958 of 11958 328i Sedan
Jun 17, 2013 (8:29 pm)
Hi all! Does anyone have any thoughts on these numbers?
MSRP 45,125, Purchase Option $29,331.25
$422.04 monthly (after taxes)
Thanks! These forums have been amazing.