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2013 and earlier BMW 3-Series Prices Paid and Buying Experience

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Comments

  • blueguydotcomblueguydotcom Posts: 6,257
    Destination charge is unavoidable. It's rolled into the MSRP.
  • oxaccuoxaccu Posts: 4
    Ok -- good to know.
  • Hello All,

    Just wanted to post my final deal that I made with BMW of Palm Springs with no hassle at all!

    07 328i Coupe - Black on Black
    Automatic
    Premium Package
    Sports Package
    Comfort Access
    Navigation System

    MSRP: 44,290.00 /w 90 BMW mats
    Bank Fee: 625
    Residual: 60%
    MF: .00014 (marked up a bit but fair)

    Sale Price: 41,465.00

    Monthly Payment + 7.75% tax = 569.52

    License & Registration: $339.75
    Documentation Fee: $45.00
    First Payment: $569.52
    Security Deposit: $0.00
    Drive Off: $957.75

    I sent them an offer for this car for invoice + $500, and he replied with no problem, no back and forth crap. You can contact them here http://www.bmwps.com/MiscPage tell the Fleet & Internet Sales Manager I sent you.

    Thank You,

    Will
  • juannokjuannok Posts: 7
    A few of questions (328xi specific and a couple general questions).

    1) I've seen a number of MF's for the 328xi on the formum and want to get clarity: Should the MF 0.00125 or 0.00175

    2) Is the only benefit of MSD a reduced MF, or does it also reduce the cap cost?

    3) Do I have to do MSD in order to reach the base MF rate (0.00125 assuming that's the right one) or do the MSD's reduce the MF below the 0.00125?

    4) Why not put money down to reduce cap cost? What's the difference whether I pay it up front or in the monthly payments?

    Thanks for the perspective!
    Jon
  • jtlajtla Posts: 375
    1) MF differs from model to model. It also changes each month. For March, the MF for 328i sedan is 0.00125, while the MF for 328xi sedan is 0.00175.

    2) MF drops by 0.00007 for each MSD. BWMFS allows up to 7 MSD. It does not reduce the cap cost, because you will get the money back at lease end.

    3) No. The base MF is just that, the base. On a 328i with 7 MSD, the MF would be 0.00125 - 0.00049 = 0.00076. (However, some dealer will try to mark up MF for additional profit.)

    4) With down payment, you run the risk of losing it in the event your car is stolen or totaled. Besides, with the low MF, it is a bad investment. If your goal is to lower the monthly payment, you would be better off putting that money is a money market account and then withdraw the needed amount monthly.
  • juannokjuannok Posts: 7
    Found this post at bimmerfest so thought I would provide a partial answer to my own question...

    Originally Posted by kimer12345
    You can make up to 7 security deposits, each one lowers the MF by .00007, so a max lowering of .00049. The actual $ value for the security deposit is based on the payment that you are buying it down to, rounded UP to the nearest $50. So if 7 MSDs makes your monthly payment $305/month, then your 1 MSD would cost you $350. Same if your payment was $349/month, 1 MSD would cost you $350. REMEMBER: this is not a "down payment" - you get this money back at lease-end!

    The "is it worth it, heck yea!" math comes into play when calculate how much lower your monthly payment will be, multiply that by the number of months your lease is.

    For instance:

    Let's say on your $47K MSRP car has a 2 year lease payment of $763/month at the full money factor, and after lowering the MF with 7 MSDs, your new payment $722/month, each MSD cost yout $750 each, or total of $5,054, . So the monthly payment difference, x 24 payments, equals $984 savings. So your $5054 deposit/"bmw savings account" is MAKING you (saving you, same difference) $984 over 2 years. That's an almost 10% ANNUAL return on your money.

    Also you should do the math on less miles (even if you need more), and the higher residual you get from doing that. For instance, I use every bit of 15K year, but just did my lease for 12K/year because it made more financial sense (less outlay) to buy my extra miles at .16 each and to have the higher residual.
  • Just special ordered my 328i today to be built and delivered within 8 weeks from Munich headquaters.. (just like the way that sounds). :) Please let me know what you think.. this site has been invaluable to me -- would never have known about MSD's, money factors, etc without the info you share hee so thank you so much for those of you who take the time to share your knowledge with the rest of us.

    Here's what I ordered:

    Jet Black. Beige Leather 328i sedan.

    Premium Package
    Cold Weather Package
    Xenon Adaptive ( have those on my 05 325i and LOVE them!)
    Parking distance control (friend has that on his lincoln Aviator and says it's a great feature)
    Apple I-pod hook up in glove (does anyone else have this? I sprung the extra 400 for it because I think it charges the i pod and displays tittle and artist and steering wheel controls can be used to skip songs/play lists etc. unlike the aux hook up in the center console that plays thru the radio but only volume can be adjusted..)
    Logic 7 (talked into that by salesman, it only added 10-12 a month to my payment, and I hear that is night and day sound.. thoughts anyone who has that stereo upgrade in their BMW?)
    Navigation (which adds i-drive but I think I personally like the looks of the dash with it..and it's one of those things that I think if I didn't have it, I'd miss..)

    and lastly, Comfort Access (read here on Edmunds someone who had it and seems like a very cool detail to have)..

    so MSRP on this car is 44, 050.

    Here's the deal:
    Cap Cost: 41, 600 (invoice plus 500)
    Res: 64% =28,192
    7 MSDs =3500.00 (for those new to the BMW game you can do up to 8, but with BMW loyalty max is 7 because it is already reduced by that first /7 )
    Money factor: .76
    Aqq. Fee: 625
    Drive off: 2450 (1543.90 going towards cap reduction and the balance going towards 1st pymt, tax and fees..)
    Monthly payment before taxes is 401.83 plus 8.25% Los Angeles tax is 434 and change.

    Did I do good? I tried to apply all the information I gathered from this site.. please let me know what you think..and any options that I chose that you think are wonderful or anything that you consider a must have..

    Thanks in advance for your input on your thoughts on this deal..

    Sincerely,
    Donna

    PS: This is the first time ever I have facory ordered a car..if anyone else has gone that route please let me know your thoughts on the experience.. was it worth the wait? :)
  • what do you think of the ambient lighting.. does that come in the premium package -- what does it do -- how does it look? Thanks again!
  • 10speed10speed Posts: 2
    I got a quote for both a coupe and sedan 335i, and the coupe was 400 more. Is anyone else seeing higher prices for the coupe? thanks
  • I would skip the Cap Reduction, since that's like lighting money on fire. But other than that, it looks really good.

    One thing, you should do the math on the 24 month lease, which for your car will have a residual of 74%. You may find that for a relatively small additional monthly amount, you'll have the ability to switch into a newer (better) car one year sooner. I have a 335i on order and it only changed my monthly by $25 to switch from a 36 to a 24. It also ups the "investment return" of your MSD's by a couple percentage points.

    As for the factory ordering route, the waiting is the most brutal part. But I'm getting a car that's EXACTLY what I want so that makes it easier... I guess. ;)
  • blueguydotcomblueguydotcom Posts: 6,257
    If you were previously a member of BMWCCA you'll also get the $500 rebates more often. That sorta softens the blow. ;)
  • I am new here. Can anyone explain what Money Factor, MSD, Cap Cost are? Are these terms related to financing? I always pay cash for a car, never financied before. So forgive me for asking these questions.
  • blueguydotcomblueguydotcom Posts: 6,257
    Start here:

    http://www.leaseguide.com/

    Read that and then come back here.

    MSDs = multiple security deposits. They are fully refundable deposits that knock your money factor down (by up to 0.00049). The savings on a 3 year lease usually relates to a 9-10% ROI.
  • Real and BlueDot. brilliant advice, thank you. After your suggestion I did decide to go with the 24 month lease, and my pymt lowered to 428 including tax.. however it takes that 1500 cap reduction a cost of 750 a year as opposed to 500 a year when you spread it over 3 years.. I may take your advice and skip cap reduction altogether ---- you've led me right thus far.. why stop now? :)

    Blue I was a member of BMWCCA 2005-2006 and let it lapse this year..do you think I would still qualify? Dealer knows nothing about BMWCCA rebate.. is it something you apply for directly from BMWCCA? I hope I don't end up kicking myself that I let the membership lapse..

    as a side note I have a 05 BMW 325i, premium package, bmw assist, adaptive xenon and navigation, black on black leatherette. flawless, always garaged type of thing, only 6000 miles..(I work close to home and have long hours so that is why mileage is so low) what do you think I should price it at for a quick sale? Has anyone gone the Car Max route.. experience?

    TIA
  • blueguydotcomblueguydotcom Posts: 6,257
    Kick yourself. You apply through BMWCCA. Without current registration you may be in trouble. Contact BMW CCA and see if you can retroactively sign back up. Worth a shot. It's $500!

    If you can, sell the car. You will lose a good 2-3k selling to a dealership. Many, many people want a BMW. They move quickly if they're priced within reason. Use edmunds used car evaluator to find the correct pricing. Be prepared for it to go lower than what they list.
  • GET RID OF THE CAP REDUCTION!!! Trust me on this one. Actually, don't trust me, I'll go ahead and prove it to you.

    If you capitalize all of the fees (Reg/Lic/CA Tire/Doc/Bank for a total of $1019.75 in CA)and scrap the cap red, your monthly payment for this configuration at $500 over invoice will come out to exactly $512.34. Yes, this is considerably higher than the $428/month you mention, HOWEVER... I don't think you were capitalizing your fees (in other words, building them into your monthly payment). That means you would have to pay fees ($1020) and cap red ($1500) up front. So you have two choices:

    1) Pay $2720 now
    or
    2) Pay an extra $84 per month for 24 months

    It doesn't take a genius to figure out that door #2 is your best bet. You actually save $700 over the next two years, and that's not even taking into account the time value of your money! Put that $2720 into a money market account getting you 5% and dip from that to 'reduce' your monthly payment. Heck put it in a shoe box, just DON'T PAY CAP REDUCTION!!!! ;)

    P.S. I'm from LA too and I know a dealer that will be happy to do $400 over invoice on a custom order 328i Sedan and will even throw in floor mats. That'll take your monthly down to $508. PM me if interested.
  • juannokjuannok Posts: 7
    OK spoke with the salesperson who sold me my Z4 (figured I could get a good deal on the 328xi as well). I currently have no intention of moving forward with this dealer. Should I be as disgusted with this deal as I am?

    This is what she's saying:
    MSRP: 39,920
    36M/15K Lease

    Sale Price: $1000 over invoice ("...and they're barely making profit")

    Doc Fee: $250 ("This is a statewide fee I can't change because we may be sued for discrimination if I give it to you and not someone else")

    Aquisition Fee: $775 ("The extra $150 is b/c the finance and delearship need to make money")

    MF: 0.00215 ("The finance department has too make money...I can't touch that")

    Residual: 61%...at least she got one number right

    No Down Payment

    $893.43 due at signing (320.25 TTL/Doc, 573.18 FMP)

    So should I be as disgusted with these terms as I am?

    Thanks,
    Jon
  • juannokjuannok Posts: 7
    OK spoke with the salesperson who sold me my Z4 (figured I could get a good deal on the 328xi as well). I currently have no intention of moving forward with this dealer. Should I be as disgusted with this deal as I am?

    This is what she's saying:
    MSRP: 39,920
    36M/15K Lease

    Sale Price: $1000 over invoice ("...and they're barely making profit")

    Doc Fee: $250 ("This is a statewide fee I can't change because we may be sued for discrimination if I give it to you and not someone else")

    Aquisition Fee: $775 ("The extra $150 is b/c the finance and delearship need to make money")

    MF: 0.00215 ("The finance department has too make money...I can't touch that")

    Residual: 61%...at least she got one number right

    No Down Payment

    $893.43 due at signing (320.25 TTL/Doc, 573.18 FMP)

    So should I be as disgusted with these terms as I am?

    Thanks,
    Jon
  • blueguydotcomblueguydotcom Posts: 6,257
    Doc Fee: $250 ("This is a statewide fee I can't change because we may be sued for discrimination if I give it to you and not someone else")

    Aquisition Fee: $775 ("The extra $150 is b/c the finance and delearship need to make money")

    MF: 0.00215 ("The finance department has too make money...I can't touch that")


    I've got a copy of my 06 lease from a san diego dealer and there's the $55 doc fee. Hmmm, got a quote from another BMW/Mini dealer today and they have a $55 doc fee. This dealer bilks people like crazy it seems.

    Every dealer is so scummy about acquisition fees. Only a few are straight and give you the $625 (if this doesn't happen Saturday with my 07 Mini Cooper S I'll walk).

    I like to figure out the profit they're making with marked up MFs and throw it back at them:

    Your profit over invoice is X, acquisition fee profit is Y, doc fees are Z and your bloated MF is ABC. Wanna talk about BMW's kickbacks for sales now?
  • eights38eights38 Posts: 137
    Due to a change in careers, I am being forced to purchase a larger vehicle. I am currently leasing a 2006 BMW 330i with the Premium Package, Cold Weather Package, Sport Package, Rear Park Distance Control, and Automatic Transmission (the car has almost every option other than navigation). The car is Black Sapphire (metallic black) with Black Dakota Leather and is in perfect condition. I have 16 payments (BMW Financial) remaining of $445 per month (plus applicable taxes). I am looking for a down payment of $2,000 to take over the lease.
  • blueguydotcomblueguydotcom Posts: 6,257
    Try swapalease.com. You'll move it quickly over there. I found 4 buyers/lease assumers within a week.

    BTW, best of luck with the request for 2k. People generally request incentives, not hand you money for the car.
  • jtlajtla Posts: 375
    Your math sounded too good to be true, so I had to take a closer look. Well, I believe I found the flaw in your comparison.

    Donna's $428 payment is with the $625 bank fee rolled in, i.e., not out of pocket. Therefore, your comparison should be:
    (1) pay $2,095 now,
    or
    (2) pay extra $84 for 24 months = $2,016.

    Although option 2 still looks a little better, I am almost certain that there are other minor bugs to cause it looks that way. The numbers do not lie. There is no way the total payments will be less than the amount financed, unless you have negative interest rate.
  • jtlajtla Posts: 375
    Your $2,000 down makes the effective monthly payment to be $570. One can get a nicely loaded 2007 335i for less than that with no down payment, much less with ED. Not going to be easy to find a taker, IMO.
  • Hmmm, you're right. The numbers should be very close but with a very slight edge toward option #1. Note that her MF is extremely low so again the cap reduction is like loaning BMW money for almost nothing (so it's still a bad option), but yes something isn't right here.

    Donna, you said before that this dealer was quoting you $500 over invoice. Can I get the detailed breakdown of that overall number?
  • rorymacrorymac Posts: 4
    I had a 2006 330i and found that after the 2007 came out the 06 330i's were undesireable. A buyer could order a 335 with much better performance for similar money or a 328 for less money with slightly less performance.

    The 330i's may suffer resale problems as a result.
  • blueguydotcomblueguydotcom Posts: 6,257
    They have. Myself and another guy tried to move our 2006 330is without any luck. I had it down at 32-33k and nobody was interested (MSRP of 43k). He tried for months and then gave up too.

    Thankfully swapalease too care of it.
  • Just because this was bugging me, I went back and reran the numbers from Donna's original post.

    Donna, the only way I can get to your figure from your original post is if I plug $625 in for dealer profit, not $500.

    So when I use the following numbers, I get the pretax payment amount of $401.83:

    MSRP: $44,050
    Invoice: $41,689.95 (I had to plug this)
    Term: 36 Months
    MF: .00075
    Cap Reduction: $1,543.90
    Additional Capitalization: $625 (since you're building your bank fee into the monthly payment)
    Tax Rate: 8.25%

    This gives me a pretax monthly payment of $401.83
    And a tax-included monthly payment of $434.98

    But again, I had to plug $625 into dealer profit to get those. If I change the dealer profit to $500, those numbers change to $398.26 and $431.12.

    And before anyone cracks back at me, I realize we're only talking $3 here, but still. Details are important!!! Right? :confuse:
  • Boy, Real you are good. You're right I posted numbers where my paperwork showed invoice plus 500 plus 125 for floormats.. I know the salesman was marking the floor mats up (he told me invoice on them were 42 even..) and it was kind of a joke if he would throw them in or not..I am ok with the deal.. he's giving me top grade tint (because last time when I had navigation in my 05 BMW they told me not to get the windows tinted because it could affect GPS, but now it is ok because they have carbon tint..w) which is retail about 350 for he is giving me for 250. The salesman has been really wonderful, takes my phonecalls, very informative, and like you recommended I only pay drive off fees and skip cap reduction altogether..the few extra dollars is worth the cost of doing business with someone you trust and like..just for the long term of it..thanks for all your advice and taking the time going over the details.. but you bring up a good point. I am going to ask be charged seperately for the foormats and keep it off the deal.. reducing my cap cost by 125..I had my choce if I wanted the aqq fee in drive off or cap cost.. is there really any differnce? Donna
  • jtlajtla Posts: 375
    You are good, realcrapper. Mystery solved.

    Donna, congratulations on your new car.
  • Congratulations on your purchase indeed, Donna, and I respect the notion of paying a little extra for good service. In the end, it's about your own personal definition of value.

    One last word on capitalization of fees. Your MF is so low, that I would recommend capitalizing everything you possibly can and rolling it into the lease payment (the mats, the registration, doc and tire fees, bank fee, everything). By doing this, you are effectively borrowing money from BMW to pay for these items at a riduculously low rate (1.8% APR). The only thing you would pay to get out the door will then be your security deposit and the 1st month's payment.
    :shades:
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