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

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Comments

  • shazi00shazi00 Posts: 13
    $1000 for buildout
    $1000 for BMW Drive Event

    I haven't even been to the dealer yet. Will be going this Saturday and let you know what happens.
  • anybody know what the incentives will be like next month? is it better to buy now or wait until next month?
  • nypayznypayz Posts: 8
    No one knows, but I'm guessing wait til next month. August is the dead of summer plus you're a month closer to the new models and the 13s must go..
  • jasonmdbmwjasonmdbmw Posts: 117
    You stated the build out but just said incentive for the Drive Event. And you have to sign up and go to the event for the code to get it, so not everyone gets it. Not sure if your dealer already had it or not
  • shazi00shazi00 Posts: 13
    Hello Guys

    So i ended up at the dealer today and kinda signed the papers also but now i feel like im being ripped off since it's my first time leasing a car.

    It is a 328i base model with Alpine White and Black interior, Navigation, Heated Seats, Moonroof and Lighting Package

    15k mile lease
    MSRP = $42,375
    Selling Price = $37,700 (inlcuding $1000 Drive Event and $1000 Build Out)
    KBB Fair Price = $39,500 (excluding the above incentive)

    So now this is where it's confusing for me. I live in NY and the sales tax is 0.0865% so does anyone know how the taxes are calculated ? Are they calculated on the selling price or the residual price or the amount of car that I am leasing (42375-61%residual = $16,526) ?

    Based on their calculations, they're showing me $3300 for taxes which makes no sense. That looks like theyre charging me tax on the MSRP of the car.

    To make it even worse, theyre asking me $5500 down payment (includes taxes, acquisition fee and $1800 as my down) and $340 a month.

    So according to their calculation, Im paying $17740 including all taxes for a 3 year lease.

    I am highly confused. Please help i still have a day to decide and tell them no otherwise they'll place the order on Monday for me.

    THank You
  • shazi00shazi00 Posts: 13
    Ok nvm..i think the above works out. It is basically the taxes on the amount that I lease. If i add up the monthly and the 5500 down, comes out to about the same.

    But i feel like i got a good deal. I will go in to another dealer tomorrow and see what price i get from there and try to match it.

    Let me know if you need any info.
  • swameeswamee Posts: 32
    edited July 2013
    The KBB & Edmunds market values is the average of the actual deals *INCLUDING* the dealer processing fee. So first make sure that they're not adding the fee again. Also, I put in a jersey zip code in the Edmunds True Market Value estimator and came up with MSRP $42,375 and TMV of $38,843 before the incentives so your net price after incentives should be in the neighborhood of $36,843, including dealer fees. Now, if your dealer is extremely local like in spitting distance from where you live, he should be eager to work with you to match what you come up with based on Edmunds/kbb etc & you should be willing to go a little higher than these sites for the convenience factor IMO. Otherwise, look elsewhere. Also, use the Edmunds lease calculator and you should be very close (+-$2) to the monthly payment/tax #s.
  • leoblueleoblue Posts: 19
    Hi guys. I put down a deposit for a 328xi. Dealer said the car would be delivered after a week. After a week they called to apologize because the couldn't get the car. It's sold before they could get it.

    They now offer a nearly similar car but not exactly the same. Moreover, I have to wait 3 weeks to get it, which I don't want to.

    Do you think I can get my money back?
  • richzrichz Posts: 125
    Sounds like they sold the car to someone else to make more money. I would insist you get the exact car you wanted. Obviously you can get your money back.
  • bmw626bmw626 Posts: 1
    Hi,

    This will be my first time leasing a BMW. Can you give me feedback in the below deal that I was offered? Is this a good deal? What exactly does the dealer fee include? Thanks!

    2013 328xi
    15,000 miles per year/36 months
    MSRP- $50,675 but negotiated down to $46827 (includes build out credit and ultimate drive event already)
    Sales tax-7%
    Money factor- .00120
    Residual- $30,911
    Due at signing- $2000 (taxes, registration, first months payment, dealer fees, etc.)
    Monthly payment- $602
  • richzrichz Posts: 125
    Get the sale price down even further. You should be able to get around invoice minus the $2000 (ultimate drive + build out credit).
  • shazi00shazi00 Posts: 13
    As the other person said, look up invoice prices on kbb, true car and edmunds. Also look up the fair price on all three. For mine, the invoice price was $38,965 and the fair price posted everywhere was $39,500. I got the car at $39,500 and another 1000$ Build Out Incentive and $1000 Drive Event (If youre willing to make a deal with them, you dont have to wait for the code, they will put it in...that's what they did for me).

    So the car selling price for mine $37,500. Make sure before you put any deposit down anywhere you go to another dealer to confirm the numbers.

    The key here is to keep a margin of $500 - $700 above the invoice price if you're very good at negotiating. I got lucky my sales rep was really good and I feel like I got a great deal for a first time lessee.
  • zoombie99zoombie99 Posts: 124
    Whoa, never put that much money down. What happens if you total the car or the car is stolen?
  • richzrichz Posts: 125
    That's not a bad deal, but with 2014 models in production I would aim for invoice or below before any applicable incentives.
  • flightnurseflightnurse 35K feetPosts: 1,637
    That is what GAP insurance is for, and for anyone leasing that should be gotten since the car will NEVER be right side up.
  • shazi00shazi00 Posts: 13
    I live in a pretty good neighborhood not sure if I would think about my car getting stolen. Btw the drive off got it dropped down to $4500 with $340 a month. I know it makes no difference in the payment but id rather see more money a month in my pocket.

    Also GAP Insurance ? Do I have to purchase that separate from the car insurance ? Any clue for the cost in that ?
  • flightnurseflightnurse 35K feetPosts: 1,637
    The premise of a lease is to put the least amount of money out of your pocket, there are many articles about leasing on Edmunds that will explain to you why you should not shop for monthly price..
  • shazi00shazi00 Posts: 13
    Hey Flightnurse

    I understand. Everyone I know told me the same thing about no money down and have everything rolled in to the monthly.

    I will do that in the future. Will see how this first experience turns out.

    THanks
  • swameeswamee Posts: 32
    With MSDs, and all the incentives, its almost a crime to buy a bimmer outright now irrespective of miles driven. Have seen several scenarious where lease-to-buy is within a grand of outstanding loan amortized with the monthly lease payment at the end of lease term!
  • Hey guys. Just wanted to see if this was a solid price for a 2013 328i Sedan.

    Automatic, Navigation, Lighting Package, Alpine White, Black Leatherette.

    MSRP: 40, 825
    Invoice: 38,230 (including destination, $480 MACO and $180 Training Fee)

    My Price before Incentives: 37,700

    Incentives: $2500 ($1000 Build-out credit, $1000 BMW drive event, $500 Loyalty Cash)

    My price after everything: $35,200.

    How did I do?
  • richzrichz Posts: 125
    Fantastic, did you buy or lease? How do you know MACO is $480?
  • shazi00shazi00 Posts: 13
    After placing the order for 2013 328i, i recently received an email from my dealer stating that they are having a problem ordering because the order is now a 2014 and the system is only giving them option for wood instead of aluminum. (I ordered the aluminum on the base 328i)

    Looking up the specs online for 2014, they have removed the aluminum trim from base 328i and now walnut wood is standard with a base MSRP price increase of $250 and a couple of added features. Do you guys think they;ll give me the 2014 without asking for anymore money ?

    I am really hoping they do because of the updated NAV which is priced the same as before.

    Also one more question for all the 328i owners, the specs state:

    For 328i; Power-adjustable folding exterior mirrors with automatic-dimming function

    For 320i; Power-adjustable, manually folding exterior mirrors

    Does this mean all 328s have power folding standard by pressing the button right next the mirror adjustments ?

    Thanks
  • Can someone provide the residual/MF on 36mo 15K lease on 2013 328i xDrive?
  • theeegodtheeegod Posts: 53
    edited August 2013
    Is your statement really true?

    I put about 15-20K per year traveling and want to get a 2013 320xi w/ cold weather package and AWD. I am in the tri-states/northeast area.

    Would it be better if I leased or bought? I am not so great with math and would definitely like some input from all the wise folk on here!!
  • zoombie99zoombie99 Posts: 124
    When did you order the car? They stopped building 2013 328 series sometime in June I think. The dealer misled you if they told you they could order the car after June.
  • Hi,

    I'm hoping whether someone could help me by informing me if this is a good deal or not. I'll try to supply all the numbers I know (some key figs might be missing).

    2013 320 X Drive
    Imperial Blue
    Beige Dakota Leather
    Wood grain int
    Premium Pkg
    Navi
    Heated seats
    MSRP: $43,825

    Total down $2700 (w/$1k driving event + turn key; about $2k represents cap cost)
    $425/mo.
    10k miles/yr (I don't drive much)
    Taxes are at 9%

    I don't have the exact numbers on residual. I heard they went down 4 points last month, only to get better by a point this month. I'm thinking it's 60%.
  • flightnurseflightnurse 35K feetPosts: 1,637
    What Money Factor are they quoting you? Also what is the sale price of the X3?
  • theeegodtheeegod Posts: 53
    What's a good price for a 2013 320x drive w/ cold weather and lights package? Looking to lease for 36mos with 15K miles per year in the NJ/NY area. I currently have a mercedes, but its lease won't be up till Nov/Dec. Will a BMW dealer take the mercedes early? Thanks/
  • xtiantxtiant Posts: 2
    My lease is up on my 2011 328i Coupe. I paid 496/mo for 36 mo. Cap cost was $38356. Residual Value is $26260. Returning car with only 9k miles and normal wear and tear.

    Interested in leasing a 2013 328i Sedan. Black, moonroof, no navigation.

    They quoted:

    MSRP: $38825
    Residual: $24848
    Money factor .000121
    O down
    $420 mo incl tax for 36 mo
    10k mileage yr

    Is this a good deal? I need to make a decision today!

    Thanks!
  • After a week of back and forth, here is the deal on the table.

    36mo / 12k year
    MSRP 48,425
    Sales Price - 42,850 (includes $2,500 of incentives)
    Money factor - .00071 (.0012 base - 7 MSDs)
    Monthly $446

    1/2 of me says there is still money on the table and 1/2 of me says we both made out. One concern is seeing a bigger incentive come up around Labor Day as more 2014s hit the lots.

    Thoughts?
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