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smug - how's the shopping going? Have you gotten it yet?"
kenjabi: My vehicle is in route from the port on a truck as we speak. I negotiated $40,000 at a 0.0024 MF-no secutity deposit. Residual was 54% for 36 mo. @ 15k miles/year. The vehicle's MSRP is $44,970. I think this a is a decent deal...not the best in the world but I was very specific in my requirements (silver-grey, 6spd, cloth, heated seats, zenon, moonroof), and I got every one...but had to settle for the BMW Assist also as this was the only car available in the region. The dealer also did a dealer trade to get it.
My only hang up is that it may arrive at the dealer tomorrow (July 1) and will not qualify for the $2400 incentive. The dealer has promised me that they will do everything to get my the vehicle at the negotiated price, but there is a chance the incentive will change overnight to something less attractive. We'll see, but my position is that this car has been in port since last week and there was plenty of time to get it to me, so I will *expect* the same deal even if it is delivered a day late.
2004 325xi Jet Black
Black leather
Premium package
Cold weather package
Auto
Xenon lights
MSRP: $37770
Invoice: $34890
Paid: $33690
I paid $1200 below invoice using the june deal. I did not want the leather and cold weather packages but looks like most dealers stock cars with those options. Hope they help down the road.
My first bmw. The ride feel is all that and more. I was doing 100 mph and feeling like 50-60 in any other car.
The indianapolis dealer did not even respond for my best price request. Poor guys do not understand that Chicago is too close to Indianapolis.
kyfdx
I have owned the 325xi i mentioned in my previous post for 1 day now. I have a question on the wheels. The car i purchased has 16/205 continental all season tires with like a multi spoke interwoven wheels(best i can explain).
I was expecting the 7 spoke wheels instead?
Is this also a dealer's choice while placing the order? I know the sports package come with a 5 spoke wheel but what is the defalut with a 325xi?
Any input is appreciated..
Is there a better forum to know what and what not to do with a bnw as i am a first time owner?
financing that you can use in conjunction with the cash incentive ..
woo hoo!!!
This is a decent forum, but if you are looking for others, I suggest googling BMW forum, as we aren't allowed to post links to other forums here.
regards,
kyfdx
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As long as the dealer did not switch the wheels, i am okay.
Is there anything i need to watchout for or do different driving and taking care of the bmw or just have fun with it?
Thanks.
regards,
kyfdx
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mf .0024 residual $18,600; with most costs rolled into the lease, so the payment
due is $1060; which comes to $467/month for 36 months; 12k mile /yr.
Am I getting ripped off or should they be able to do better than that?
I concur with mil. Price seems too high. Negotiate harder.
330i--$2400 Manufacturer to Dealer incentive
Lease buy rate = 0.0020
Residual = 54% @ 15k miles/year, 56% @ 12k miles/year
330Ci--no Manufacturer to Dealer incentive
Lease Buy rate = 0.0010
Residual = 55% @ 15k miles/year, 57% @ 12k miles/year
One should start to negotiate based on the buy rate, but the dealers will want to pad those a little.
i'm going to try autobahn motor co. in fort worth too. on their website, kydfx pointed out that they are taking $5500 off msrp off every one of their 325i's. unfortunately i do not want a 325i. they will only sell at those prices to texas resients according to their website.
Sounds high (at least compared to the rates on leasecompare). Are these the stats BMW financial is offering?
I'm taking delivery in early September so I suppose there is a chance that BMW will provide some end-of-summer incentives to move the convertibles...
Here are my specs. I would be curious to get opinions on my deal, than I will explain my dilemna.
2003 Alpine White 325i. 9,100miles. auto.. loaded. It has the sport, premium and cold weather package. The only thing I can think of it doesn't have is Nav. paid $29,250.00.
Here is my ?. I took it home and the first time I thoroughly washed it this past weekend, the paint on the 2 passanger side rims started to peel. I mean come on, what is this about. I was just reading about the 4 year/50K warranty, but it looks like it excludes wheels.
I am going to take it in to my local dealer to see what they will do. Anybody have any experience with something like this?
Any ideas if they will replace or fix the wheels/rims?
Sounds high (at least compared to the rates on leasecompare). Are these the stats BMW financial is offering?
I'm taking delivery in early September so I suppose there is a chance that BMW will provide some end-of-summer incentives to move the convertibles...
A few questions..
1) Is the lease through BMWFS?
2)What is your upfront drive-off charges? I assume first payment, but what else? Security deposit, acquisition fee, garbage fees?
3) I think the base MF is .0022, but that may have changed, they could have bumped it up, or it could increase with a security deposit, or acquistion fee waiver.
regards,
kyfdx
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I could be wrong, though..
regards,
kyfdx
P.S.: Sounds like a loaded car, for a decent price.. Did you get it from a BMW dealer?
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Got it from an auction. Never made it to the dealer. I have a friend in the business.
Either way, the bump in the MF (likely .0004, since that is max BMWFS allows) is costing you about $32/month, over the base rate.
You might ask them for the same deal, using the base rate MF, but a lot of BMW dealers won't budge. I know it doesn't seem like much, but $2500 off MSRP is a pretty good price on a convertible.
However, your after tax price of around $840-850/month on a $52K car is not a great lease deal by any stretch. The price may drop toward the end of summer, but late season lease deals are never very good. If you can wait, great lease deals on convertibles seem to peak in February. This year, they were good even into March, but got much worse starting in April.
I don't have a lot of experience in convertible pricing, but I think I would shop around before agreeing to that deal.
regards,
kyfdx
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I found a car that matches exactly what I want.
ALPINE WHITE / SAND
PREMIUM PKG
SPORT PKG
COLD PKG
18in Rim (#71)
Xenon light
MSRP $45,220
INVOICE $41,430
DEALER QUOTE $43,850 IS THIS GOOD PRICE???
I mean BMW should do better since the model changes next year..
-Initially, I was gonna buy this but $2000 rebate has ended as of June 30... according to my dealer. But instead, he told me BMW came out with good lease program on 330Ci. so to lease,
Money factor .0005
$515 / month, 10,000 miles / 36miles (mileage I dont care, since I will buy at the end of 3).
WHAT DO YOU THINK ABOUT THE LEASE DEAL?
What kind of upfront fees and cap cost reduction do you have to come up with to get to that $515/mo figure?
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Due at inception is $3300 including one month lease, registration, security deposit.
I forgot to mention, I also got steptronic auto trans.. did you put that into consideration or no?
So, I should re-negotiate this deal huh?
Yeah.. the only problem I see, is that the price seems about a thousand too high. If it were me, I would try to negotiate that out of the inception costs, keeping the payment the same. No point in putting money down, when the interest is only 1.2%.
One advantage you have.. your dealer is using the base rate, and not marking it up. Most dealers try to pad the MF. So, they may not be all that aggressive on price, but it can't hurt to ask.
That is a pretty good lease deal on a $45K car, though.. I like to keep my upfront costs to a minimum. Just the first payment and security deposit. I'd much rather make a $600 payment, than give them a big chunk of money up front. They can roll almost all those costs into the lease.
regards,
kyfdx
EDIT: I didn't consider steptronic.. That shouldn't make any difference on your deal... I just went off the MSRP, invoice and price paid.
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330Ci Coupe
Silver Grey
ZHP Performance package
6spd manual
Black Alcantara interior
Zenon
Heated seats
Moonroof
BMW Assist (didn't really want this one but...)
MSRP: $44970
Negotiated Price: $42380
MF: 0.00085
Secutity deposit $0
Acquisition fee: $725
15k miles/yr = 55% residual ($24733)
Payment: $612/month
36 months
Since the buy rate is 0.0005, the guy padded his numbers by 0.00035. With a security deposit, he would have given me 0.0007, but I wanted to put the least amount of drive-off down (first payment + reg.). I think it was a pretty decent deal--not fantastic--but the reality is that there are very few 330Ci ZHP out there with 6spd & Alcantara right now. Had to steal this one from a dealer out of state and have it shipped here.
04' 325CI Base - $30500
Steel Blue Metallic - $475
Sport Package - $1,000
Navigation - $1,800
Automatic - $1,275
Power Seat - $995
Destination Charge - $695
-----------------------------
Total MSRP - $36,740
The dealer in Mountain View quoted me $34,650. Is this a good price? Or what should be the reasonable price. I learned from this forum that So. California dealers will sell cheaper, is it also true for European Delivery? Any recommended dealer in So. Cal?
Thanks a lot.
Could you get similar savings (in line with prices quoted in previous posts)-including July cash incentives, if you order a 3-er rather than off the dealer's lot. What's the market like in North Virginia?
Thanks. :-)
BMW 2004 325i
Manual Transmission(5 speed)
Electric Red/Sand leather interior
Premium package
Heated seats
$32,200
The car is not in the dealers lot, and he told it has to be custom ordered from Germany taking 6-8 weeks for delivery.
Is this a good deal.
Please let me know. Thanks in advance.
I'm close to being able to buy and I'm not sure if I should wait longer to get a better deal on a 2004, or try to order quickly so I can order from factory if necessary...I'd hate to miss out on 04 if the 05's don't have an incentive discount...and for this much money I will be extremely picky in terms of options/color on the car!
etc. Please respond to sbreckenridge@hearst.com or jfallon@edmunds.com with a few details and your contact information no later than Wednesday, July 21, 2004.
Thanks for your consideration.
Jeannine Fallon
PR Director
Edmunds.com