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Comments
They claim to be giving me $4,500 in incentives so I think that the financing should look like this. $32,745 (price)- 12,290 (balloon)= $20,454 financed which brings payments to $360 ish per month.
Is my BMW trying to pull one over on me?? I have talked to them and they claim that their figures are correct. Thanks in advance for your help!!
-Pearl
As for performance, that's kinda up to you. If the drive comes down to money, I'd say go find a 2007 328xi with CPO and 0.9% financing. The car will be ~40% cheaper and you're not really missing out on anything.
I'm new to leasing so I need all the help I can get. I live in Miami and recently sat with a salesman at my local BMW dealer. Here's what I was offered.
MSRP $42,000
36 months
10,000 miles
Premium package which includes leather interior
Dealer offered $2,500 plus $1,500 holiday credit
$1,700 due at signing (covers 1st payment,security deposit,tag,dealer fees)
$540 a month (taxes included)
Please advise if this is good, or if I should shop around more. Also, the car has to be ordered in order for me to get the color and features I'm interested in.
Thank you!
Build that car on Edmunds.com Add $500 to the invoice price. Subtract the holiday credit ($1500?) That's a good goal to shoot for as a financed amount/capitalized cost.
If you want to lease, and they want you to do BMW Select, something's wrong with the deal. If they played the "what monthly payment do you want to be at" game with you when you first engaged the Client Advisor, they may be trying to get you in at that price, and may be using BMW Select to do that. Given the good lease rates that are in effect right now on '09s, I doubt that your monthly payment will be lower with BMW Select. BMW Select CAN lower payments on "unsupported" models such as M3, M5, etc. But the 328i is a "bread and butter" car for BMW and they support the heck out of them with higher residuals and lower money factors. You may check e90post.com and look in the dealer forum there to see if the dealer you're dealing with has a history of these sorts of shenanigans. Honestly, leasing a BMW with a trusted Client Advisor is actually one of the most pleasant and easy auto purchase transactions I have ever had. It should be EASY, not hard. If it's hard, find another dealer.
To re-cap the salesman I spoke to is offering the following:
$42,000 (with premium package and moonroof)
36 months
10,000 miles
$2,500 and $1,500 Holiday credit that the dealer is offering me
$1,700 that I have to pay at signing
$540 monthly with taxes included (that's 7% where I live)
So, should I go forward with it, or shop around for a better deal?
Thank you again!
1. Get the MSRP
2. Negotiate the sale price
3. Residual
4. Money Factor.
5. Visit leaseguide.com and enter all the numbers into their calculator. This will tell you how much of what the dealer is saying is real and how much is shinola.
That said, you may not want to put $1700 down at signing. Instead pay the acquisition cost and put the rest into MSDs. Multiple Security Deposits will drop your money factor and they're returned to you. The ROI on MSDs far exceeds anything you'll get from a bank right now - $3150. If you can max them, do so. You'll get them back at the end but in the interim it'll make about 10-12% a year for you.
BTW, never talk payments with a salesperson. Just get the numbers - negotiated price, residual, money factor. And if the F&I guy acts like he doesn't know what MSDs are or claims they aren't a good deal ask to talk with a manager. For reasons beyond understanding some F&I guys act like MSDs hurt the dealer. They don't.
My lease is up March 2010. I wanted to order a BMW this month to take advantage of the discounts and holiday cash. The dealer indicated that after 30 days the incentives would go away and I would have to live with what the incentives would be when the car arrived in Feb. 2010.
MY QUESTION: Can you let my know the time period incentives can be held for a car ordered. Is it 30 days from order? Thanks, Mower
mower
In the 328-C info is the VALUE PACKAGE. What is this package. Also, where does the dealer get the $1,760 to assist with the lease price of $459 per month?
Thanks,
mower
msrp -32850
mettalic paint -550
premium package 4100
automatic tramsmission 1325
comfort access system 500
total comes out 39650
invoice on edmunds 36535 including destinatino charge 825 plus i am gonna get 1500 holiday credit.
can somebody tell me how much price I should offer to dealers?
thanks
It starts back from this message:
My BMW dealer is trying to talk me into the BMWSelect for the 09 328i. Can someone PLEASE help me understand this payment. They are saying the payment is $410 per month which equates to financing $24k for 5 years at 1.9%. The balloon is 12,290.85. So that equals a price of $37k, which is the sticker price.
They claim to be giving me $4,500 in incentives so I think that the financing should look like this. $32,745 (price)- 12,290 (balloon)= $20,454 financed which brings payments to $360 ish per month.
Is my BMW trying to pull one over on me?? I have talked to them and they claim that their figures are correct. Thanks in advance for your help!!
So, from all appearances, BMWSelect looks like a loan with a balloon payment at the end. However, looking at the BMW financing site, the idea of the balloon payment at the end seems to be a way of avoiding calling it a lease, except instead of the car belonging to BMW, it belongs to you, with a big giant lien on the title, held by BMW--hence the balloon payment to fully pay off the car at the end of the term.
However, looking at the BMW site, googling BMW select, etc, almost no detailed information seems to be available. I might be interested in using this type of financing, but would like to see a lot more detail concerning the program from BMW itself. It seems like this might be a good option for people who might want to split their cash outlay for a car, say $5k upfront, and $10k at the end of the loan term, or something like that.
The car has the Sports Premium & Packages with a MSRP of $42,600
I would appreciate if anyone could let me know if this a good deal or not. I guess this includes Holiday Cash from BMW. and due to year end.
1. Get the sale price (just like on a purchase)
2. Get the money factor
3. Get the residual
4. Get any fees (acquisition fees, doc fees, etc)
5. Enter the numbers in the lease calculator at leaseguide.com
http://www.e90post.com/forums/showthread.php?t=307039
Can someone please guide me as to what would be a suitable price to pay?
I used the car lease guide and also the Edmunds basic lease guide. Both gave me the monthly payment I was looking for with this car. The dealer agreed to 500 over invoice. However, he is asking for $750 acq fee. I am doing the title and lic on my own.
He advised me that BMW sets the acq fee. I called the 800 number and they advised me to check with the dealer.
QUESTION: How do I discover the correct acq fee. The above seems high to me.
I need an answer within two days. Sorry, but I have to put down money inorder to order this car this month. THANKS, mower
So: 39,025. invoice w/taxes, fees, 42,847.
Not sure if I got the best deal but asking for invoice price and getting it, I felt pretty good. The only thing I would have liked to ask for in retrospect is more accessories thrown in (they gave me rubber slush mats).
Good luck.
I will work on this with the dealer. Take care. mower
I got an offer from a dealer. but it seems too high compared to what others got.
this is the price offered for 328i 2010, metallic, premium, auto, comfort access, heated seats.
36125 (invoice from edmunds) + 580 (training/service/advertising fee) + 179 (floor mat) + around 500 (some margin) - 1500 + TT&L (took 1500 off before tax)
So when we are saying actual invoice, this training/service/advertising fee should be added or not?
And when a dealer has to transfer a car from other dealers, does he charge more for this? (In my case, it was over extra 500)
Thanks
-Training & service fees not legit (unless on invoice, but probably not on there)
-Would not add back 500 profit (they are still making thousands on deal when you pay invoice)
-Yes they have to pay fee to another dealer to move car, depends on distance. If local, 500 too much
All in, you should be able to peel 1,500 off cost in worst case and should be able to get 2,000 to 2,500 in best case this time of year (below invoice).
Are folks seeing any flexibility on MF or residual?
Don't you get $2,500 rebate for the 335i?
G
"All in, you should be able to peel 1,500 off cost in worst case and should be able to get 2,000 to 2,500 in best case this time of year (below invoice). "
Do you mean 1500 off from MSRP in worst case? (without applying holidy credit)
So in best case we can get MSRP - 2500. Did you mean that?
Thanks
cold weather pkg, logic sound , and parking distance control
Can anyone tell me is this too much to pay for 10k per year for 36 months on a lease $4000dn $625 per month
Thanks
I may target invoice - 2500 (holiday cash) - 1000 (end-of-year hardball). At a minimum, sounds like invoice - 2500 holiday cash is doable based on some preliminary dealer discussions. I'm just now venturing into dealerships.