- #10284 of 10318
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Re: 2009 328i sedan price in So Cal? [howiefromsocal]
by mikerock
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Nov 10, 2009 (10:17 pm)
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Replying to: howiefromsocal (Nov 10, 2009 7:42 pm)
Last month dealer has 3500+1260 to give, this month only 1500+1260.
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- #10285 of 10318
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How is BMW servcie loaner car?
by mikerock
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Nov 10, 2009 (10:19 pm)
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Some dealer are trying to get me a 2009 328i with less than 10k miles on it. Anyone has experience with those cars, they do have maintenance and warranty for another three years though.
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- #10286 of 10318
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Re: Negotiating on 335i [susanneh]
by Firebird_EOU
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Nov 13, 2009 (2:18 pm)
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Replying to: susanneh (Nov 10, 2009 6:35 pm)
Try carsdirect dot com or Costco/BJ buying service. Or pay a male friend $100~$200 to get you a good deal via sending email quotes to multiple dealers to their Internet Sales Mgr, which would be $1,500 above invoice minus incentives.
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- #10287 of 10318
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Re: Negotiating on 335i [Firebird_EOU]
by susanneh
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Nov 13, 2009 (3:53 pm)
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Replying to: Firebird_EOU (Nov 13, 2009 2:18 pm)
Thanks so much. I have successfully negotiated to a purchase at about $1500 over invoice, which seems to be fair. BTW, I don't think it'd have to be a MALE friend who could get quotes from internet sales managers, since they don't seem to be as biased (and sometimes can't even tell that the emailer is female) as the in-person sales force at auto dealers. I did, in fact, get quotes online (doing it myself, but I like your idea of getting help if time is short) and that is what aided my negotiation. I went in armed with the data (invoice v. MSRP, competitive quotes, etc.), and that's what got us to the point where I'd buy the car. I don't know to what extent my negotiation with the dealer was influenced by my gender, or how much of it is just the "you're lucky to even be in our dealership" attitude of a luxury car dealer.
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- #10288 of 10318
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Re: Negotiating on 335i [susanneh]
by sanfrannewbie
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Nov 13, 2009 (10:12 pm)
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Replying to: susanneh (Nov 13, 2009 3:53 pm)
You should press for invoice, not a dollar more. I live in the Bay Area and took several days and e-mails but eventually got quotes for invoice -- plus floor mats thrown in -- when I ordered a 335 in late Sept. Be firm and ready to walk out/hang up/go elsewhere. We're still in a recession with 10% unemployment and $50,000 cars are simply not necessary, for Pete's sake. Good luck!
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- #10290 of 10318
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Money Factor Confusion
by bmwleaser1
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Nov 23, 2009 (5:57 pm)
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I am trying to understand the advertised lease for a 2010 BMW 328i X-Drive Sedan that is listed on BMW's website. It states that the lease is $369/mo (no tax or title) based on a MSRP of $39,650, $1500 cap reduction, $3500 down, and $24,583 residual. In trying to figure out what the money factor is to produce this deal, I come up with something between .0014 and .0015. Does that sound right, or am I missing something? I have tried to contact BMW finance to ask, but they will not tell me (stating that one must speak with a dealer).
Assuming my calculation is right, has anyone obtained this rate from a dealer?
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- #10291 of 10318
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Re: Money Factor Confusion [bmwleaser1]
by hollandog
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Nov 23, 2009 (11:41 pm)
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Replying to: bmwleaser1 (Nov 23, 2009 5:57 pm)
The MF should be 0.00240 for 36mos/15k miles for november
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- #10292 of 10318
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Re: Money Factor Confusion [bmwleaser1]
by kyfdx HOST
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Nov 24, 2009 (3:57 am)
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Replying to: bmwleaser1 (Nov 23, 2009 5:57 pm)
You can't reverse engineer the money factor, unless you know all other variables. You are missing the selling price/cap cost that the lease is based on.
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- #10293 of 10318
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Re: Money Factor Confusion [kyfdx]
by bmwleaser1
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Nov 24, 2009 (4:36 am)
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Replying to: kyfdx (Nov 24, 2009 3:57 am)
Thanks, kyfdx! I really appreciate your help. But I think that I have the cap cost. It's $39,650 minus $1500 holiday credit, minus $3500 down payment to equal $34,650. Right? That's what the advertisement says. If there's some other amount provided to the dealers as an incentive that is necessary to recreate BMW's deal, they should tell me that, shouldn't they?
It's a tad frustrating because lease calculation isn't rocket science. It doesn't have to be so obscure.
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