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2008 BMW 328i Coupe

18 messages, Last post on Apr 19, 2008 at 8:10 PM
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Hello All, New here, lots of great info...thanks! Been freaking out lately...One month ago I ordered a 2008 328 Coupe with Auto, Leather and Metallic paint...MSRP: 39275 The car is on its way, but I have become worried about the kind of deal I can get on an ordered car. I have been having nightmares about me getting to the dealership (it is one of the infamous Miami dealerships who are used to dealing with South American drug dealers, nit with normal working folk) and being asked to put up with a $700 payment, without the opportunity to back off due to the car being there. I can put $5000 down, but don't know if they have any lease programs available! Please help! a) Can I get out of the deal before the car arrives and then try to negotiate a car that is on the lot at another dealer? b) Can I just wait until the car gets here, and if I am not happy with the price, walk away? c) Really don't like the salesman, so would rather cancel now Thank you all!
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Replying to: cabreraluisf (Sep 21, 2007 10:02 am) |
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Replying to: cabreraluisf (Sep 21, 2007 10:02 am)
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Replying to: rbrent (Oct 14, 2007 7:11 pm) While it's nice to have your own financing available if needed, the volume of business that a car dealership can throw to a bank often means they can offer you a better rate & get some for themselves as well. In addition, if you're aware of this, you can offer to let the dealer handle the financing & get a bit more off the car in the first place. Just don't let the F & I guy sell you a bunch of other stuff you don't need. |
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Replying to: cabreraluisf (Sep 21, 2007 10:02 am) As far as not liking the salesman, he's a car salesman. Why these guys don't spend 5 minutes memorizing features, colors and such is beyond me. The fact is, you are more of an expert in two minutes of googling than 90% of salesman. BIG TIP: if you credit is OK you should get 3.9% financing. Otherwise, WALK. In case you're interested, the TOTAL cost to finance, say 32K, is about %3600. Not per year, the total cost for 5 years. It's ALMOST FREE MONEY. I would NOT lease unless you can drive off with nothing or next to nothing down. If they ask for a big chunk of change on a two or three year lease, guess what? Divide that by the number of months in your lease. Now look at your payment. If you can't lease with no money down for a low rate, WALK. |
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Replying to: cdnpinhead (Oct 15, 2007 5:15 am)
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Replying to: plan9 (Oct 26, 2007 8:49 pm) |
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$665/mo for 24 months equals $15,960. Plus residual value of $23,800 equals $39,760. A brand new 2008 BMW 328i with Sport Package, Steptronic, and Metallic Paint has an MSRP of $38,825 ($1,000 over invoice would be $36,800). Nothing personal, but I think you might have a hard time unloading your car with your current terms...
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Replying to: fedlawman (Oct 30, 2007 5:39 pm) Payments sounded high to me, but I haven't put my Excel sheet together yet to do the math quickly. |
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