Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Most popular vehicles
Popular New Cars
- New Acura MDX
- New Acura RDX
- New Audi Q5
- New BMW 3 Series
- New BMW X3
- New Buick Enclave
- New Cadillac Escalade
- New Chevrolet Equinox
- New Chrysler 300
- New Dodge Challenger
- New Ford Edge
- New Ford Escape
- New Ford Expedition
- New Ford Explorer
- New Ford F-150
- New Ford Focus
- New Ford Mustang
- New Honda Accord
- New Honda Civic
- New Honda CR-V
- New Honda Fit
- New Honda Odyssey
- New Honda Pilot
- New Hyundai Elantra
- New Hyundai Santa Fe
- New Hyundai Sonata
- New Hyundai Tucson
- New Jeep Compass
- New Jeep Grand Cherokee
- New Jeep Wrangler
- New Mazda 3
- New Mazda 6
- New Mazda CX-5
- New Nissan Altima
- New Nissan Maxima
- New Nissan Rogue
- New Porsche Cayenne
- New Ram 1500
- New Subaru Crosstrek
- New Subaru Forester
- New Subaru Impreza
- New Subaru Outback
- New Tesla Model S
- New Tesla Model X
- New Toyota 4Runner
- New Toyota Camry
- New Toyota Corolla
- New Toyota Highlander
- New Toyota Prius
- New Toyota RAV4
- New Toyota Sienna
- New Toyota Tacoma
- New Volkswagen Jetta
- New Volvo XC60
- New Volvo XC90
Popular Used Sedans
- Used BMW 5 Series
- Used Chevrolet Impala
- Used Chevrolet Malibu
- Used Chrysler 200
- Used Dodge Charger
- Used Ford Fusion
- Used Ford Taurus
- Used Honda Accord
- Used Honda Civic
- Used Hyundai Elantra
- Used Hyundai Sonata
- Used Tesla Model S
- Used Toyota Camry
- Used Toyota Corolla
- Used Volkswagen Jetta
Popular Used SUVs
- Used Acura MDX
- Used Acura RDX
- Used Ford Edge
- Used Ford Explorer
- Used Honda CR-V
- Used Honda Pilot
- Used Hyundai Santa Fe
- Used Jeep Compass
- Used Lincoln Navigator
- Used Mazda CX-5
- Used Nissan Rogue
- Used Subaru Crosstrek
- Used Subaru Forester
- Used Tesla Model X
- Used Volvo XC90
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
On the subject of BMW standing behind their products, I suggest you check out bimmerfest.com discussions on the subjects of transmission problems on X3s and bumps on run-flat tires,and what BMW does (or not, as the case may be) to resolve these issues.
Having a 4/50K warranty is one thing, but it is how you deal with problems is what differentiates service.
When I buy my BMW I will just looking for a great driving and ownership experience, and see the dealer maybe just once a year for the scheduled service. Will be keeping my fingers crossed I will not be one of the few unlucky ones who have to go to the dealer to get anything fixed under warranty.
I personally have no problem with the dealer actually making a profit. However, it is not the consumer's responsibility to take pity on the dealer and pay more. It is the responsibility of the manufacturer to help its distribution channel (i.e. car dealers) so that selling new cars is a profitable business. This is business after all and everyone is trying to negotiate in their own favor. If consumers don't mind paying $500 more (for pride, pity, or whatever), then the manufacturer will surely raise the invoice by $500 and eat up the dealer's profit. The poor guy doing the documentation and cleaning the car will still not get a dime out of that. The manufacturer will get $500 more and I will get, err, pride?
A typically equipped car on a dealers lot will be close to $40K, plus if you need extra miles (12K?)or less months (24?)you will be at closer to $500-550 +tax (another $30-40?. As noted in post #8116, every extra thousand adds about $30 to the monthly payment.
I just got a quote for a $41K MSRP car with 10K miles, $0 down, 24 months $537 per month and 36 months $512 per month.
To help you negotiate better check out the lease rates information on bimmerfest.com "Ask A Dealer" forum, and compare the quotes you get using an on-line calculator such as at leaseguide.com. The dealers I have got quotes from have been very open with the fees and costs added in to their quotes, and using these I can match their quotes to my calculations to within a few cents.
It is the end of the model year and there should be a lot of deals out there (+Labor Day Sale!!), so you might be able to get a really good deal that would work for you.
I have a friend of a friend that is able to buy at wholesale auctions. Assuming the Carfax report comes back clean does this look like a good deal to you all?
2006 330i
Black/Black
Sport Package
30,000 miles
$28000
I see them on autotrader going for 32-36k.
Long time reader, first time poster.
I bought a 2006 325i yesterday as a CPO. The car has 11,2xx miles; and comes with the sport, premium & cold weather packages; as well as metallic paint and four brand new run flat tires (original tires apparently did not meet CPO spec and were replaced).
I paid $30,500 + TTL, which seemed OK to me (lower than TMV anyway) -- perhaps it helped that I bought this car on the last day of the month.
I bought a 2006 because I like the shape (I know some don't) and because I wanted to get something with as much warranty & maintenance as possible. This car gives me about 3 years / 40K of maintenance, and 5 years / 90K of warranty with CPO. I did not buy the extended 2 year maintenance contract after speaking to a few friends with similar cars, and because I know I can always go back and buy it later if I really want it.
Thanks to Edmunds and those on the forums for helping me make a well-informed decision.
The "Costco" deal offered to me by BMW Northwest here in Seattle on 36 mo./20K lease for a new '07 328i base sedan with Steptronic, heated seats, and sparkling graphite is as follows:
MSRP: $35,425
Cap. cost: $34,200
Depreciation factor: 54.65%
Lease end value: $19,359.25
Cap. cost reduction: $2550.54
Adjusted Cap cost: $32474.66
MF: .00155
Acquisition fee: $825
Base Monthly payment: $444.65
Tax (9.1%): 40.46
Total payment: $485.11
Total downpayment: $3500
The Costco "deal" is supposedly $1140. over invoice which doesn't sound like such a great deal vs. others who have posted here. What is fair? Besides this and the acquistion fee that seems $200 high, is there anything else that looks out of line?
Thanks!
Thanks.
I don't really know much about leases but since this is from BMW's website could I negotiate a bit more and get it down a little more? Is this a great deal? Will dealer have a car like this on his lot?
http://www.bmwusa.com/Vehicles/3/2007328xiSedan/programs.htm?PanelID=4&duration=- 36
I am a first time buyer and have the following quote. Please tell me if this is ok
34695/-
for 2007 Blue Metallic 328i 4dr sedan
auto, power seats, heated seats, ipod adapter (invoice is 33950/-)
also, it seems that there are very ltd 2007 328i options available in the north east, is that true?
thanks a lot
I am also planning to lease 328xi from Knauz IL. Can you please share more details about your lease- montly payments,down payment,cap cost,res value, MF etc.
This will really help me.
Thanks,
NGupta
Also, does anyone know what the current financing rates are for BMW, for 60 months with great credit? Thanks.
The car I want lists MSRP at $48950 with an invoice of $45020 (335i coupe MT, sport, premium, nav, cold weather pkg, ipod integration). Anyone have any idea what kind of deal I can get on this car out the door?
Thanks a lot.
That stated, you might have a hard time negotiating much of a discount on a 335i coupe.. Supply/demand seems to dictate a price close to MSRP. But, whether it is MSRP, or $500 off, they should commit to it before you agree to order it.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Just curious, has anyone had any luck getting a better price on a 335i coupe by going to a Autobroker?
328i black, basic model, auto trans leatherette upholstery.
12,000 miles per year, 36 month lease
$2,061 TOTAL down (which includes $825 acquistion fee that I didn't know about, first month w/tax $435, security, $450, cap cost reduction $261.71, and taxes)
My monthly is $435 includes tax
Cap Cost is $33,320
My residual value is $21,703.50 which I think is high
Then this other fee which I did know about $350 disposition fee if I don't purchase the car
And where is this Money factor thing on the lease?
Ok I probably sound clueless but did I just get taken for a "ride" or not?
Auto $1275.00
Premium Package $3250.00
Sport Package $1600.00
Xenon Lights $800
Metallic Paint $475.00
Destination $775.00
Total as equipped $40,575.00
Selling Price $38,930.00
Term 36 months, 12k year
Bank Fee $825 -
Total Cap Cost $39,755.00
Residual Value $25,562.25
Total Depreciation $14,006.43
Cap Reduction $186.32
Monthly Depreciation $389.07
Monthly Rent $100.95
Monthly $490.02
+ Tax (7.75%) 37.98
=$528 a month
Cap Reduction $186.32
Cap Reduct tax $17.93
License & Reg $322.75
Document Fee $45.00
First Payment $528.00
Due at signing $1100
Residual 63% MF 1.55
And to think, anybody on these forums, salespersons included, would call a person a fool if they go into a dealership and just buy a car at sticker with no negotiations. So is it pride to pay more for a car when you don't have to or foolishness??
When car salesman stop claiming $x over invoice while demanding things like dealer prep for $500, paperwork for $300, marking up acquisition fees, marked up MF rates, double secret promotion fees, then customers would not need to be neurotic about being cheated. If car dealers had to abide by at least some ethical standards, then these deals would get done a lot faster. Blaming the customer is not going to help develop trust in this area.
Another point, if the $500 is so unimportant - then why do you guys fight for it tooth and nail? It cuts both ways, you could also give in and the deal would get done a lot faster.
I was quoted $435 (incl. tax) for the exact same spec in CA. However, the drive off was $1650 (which includes $825 acquistion fee, first month w/tax $435, license, tax & reg $283, doc fee $45, and the balance as taxes).
The dealer used a MF of 0.0018 and said it would be 0.00165 if I was an existing BMW customer.
I believe with the security deposit of $450, you should have been able to bring the monthly down a little bit. With some more negotiations you could have probably got it for around $420 with taxes and $1600-$1800 drive off.
So overall I think you got a decent deal and did not get taken.
Which state are you in and who was the dealer?
Packages
Cold Weather package
Steptronic auto transmission
Power front seats with driver seat memory
Navigation system
Bluetooth
ipod and USB adapter
Metallic paint
MSRP: $41920.00
Sale price: $39500.00
Taxes and documentation etc ($333/-)
36mt, 12k miles
$0 down
MSRP: $43225
Selling Price: $41000
MF: 0.00175
1 Security Deposit
$1550 drive off
$570 p.m. (incl. tax)
Is this a good deal??
The extended warranty price is around $2300-$2500..
I'd suggest waiting until closer to the expiration of the original warranty and/or maintenance plan, before purchasing an extension.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
The maintenance allows free oil change and regular checkups including the brakes etc.
thanks
If you put 100k on in six years, then either plan may pay for itself..
Either way, you can purchase either plan at any time before the original plan expires. I would wait.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I'm specifically looking for a 328xi sedan, but it would be helpful if I could see the numbers for the other 3 series cars as well.
I found these at another site. Looks like the same as last month. Confirmation from our Host here would be great!
BMW Financial Services Lease Programs – 9/6/07
For lease programs shown in BOLD, a bank lease program may have lower payments. Click on a vehicle name to compare current bank lease programs through LeaseCompare.com.
2008 MODELS
2008 BMW 528i Sedan
24 Month – Residual 73% of MSRP – .00225 Base Rate
36 Month – Residual 60% of MSRP – .00225 Base Rate
48 Month – Residual 44% of MSRP – .00310 Base Rate
60 Month – Residual 35% of MSRP – .00310 Base Rate
2008 BMW 528xi Sedan
24 Month – Residual 71% of MSRP – .00225 Base Rate
36 Month – Residual 60% of MSRP – .00225 Base Rate
48 Month – Residual 43% of MSRP – .00310 Base Rate
60 Month – Residual 35% of MSRP – .00310 Base Rate
2008 BMW 535i Sedan
24 Month – Residual 71% of MSRP – .00225 Base Rate
36 Month – Residual 60% of MSRP – .00225 Base Rate
48 Month – Residual 42% of MSRP – .00310 Base Rate
60 Month – Residual 34% of MSRP – .00310 Base Rate
2008 BMW 535xi Sedan
24 Month – Residual 70% of MSRP – .00225 Base Rate
36 Month – Residual 60% of MSRP – .00225 Base Rate
48 Month – Residual 42% of MSRP – .00310 Base Rate
60 Month – Residual 34% of MSRP – .00310 Base Rate
2008 BMW 535xi Wagon
24 Month – Residual 70% of MSRP – .00225 Base Rate
36 Month – Residual 60% of MSRP – .00225 Base Rate
48 Month – Residual 38% of MSRP – .00310 Base Rate
60 Month – Residual 30% of MSRP – .00310 Base Rate
2008 BMW 550i Sedan
24 Month – Residual 69% of MSRP – .00245 Base Rate
36 Month – Residual 59% of MSRP – .00245 Base Rate
48 Month – Residual 37% of MSRP – .00310 Base Rate
60 Month – Residual 29% of MSRP – .00310 Base Rate
2008 BMW M5 Sedan
24 Month – Residual 70% of MSRP – .00310 Base Rate
36 Month – Residual 57% of MSRP – .00310 Base Rate
48 Month – Residual 43% of MSRP – .00310 Base Rate
60 Month – Residual 34% of MSRP – .00310 Base Rate
2007 MODELS
2007 BMW 328Ci Coupe
24 Month – Residual 68% of MSRP – .00160 Base Rate
36 Month – Residual 58% of MSRP – .00160 Base Rate
48 Month – Residual 40% of MSRP – .00310 Base Rate
60 Month – Residual 32% of MSRP – .00310 Base Rate
2007 BMW 328xi Coupe
24 Month – Residual 68% of MSRP – .00165 Base Rate
36 Month – Residual 58% of MSRP – .0016 Base Rate
48 Month – Residual 41% of MSRP – .00310 Base Rate
60 Month – Residual 33% of MSRP – .00310 Base Rate
2007 BMW 328i Sedan
24 Month – Residual 71% of MSRP – .00140 Base Rate
36 Month – Residual 61% of MSRP – .00140 Base Rate
48 Month – Residual 39% of MSRP – .00310 Base Rate
60 Month – Residual 32% of MSRP – .00310 Base Rate
2007 BMW 328xi Sedan
24 Month – Residual 71% of MSRP – .00150 Base Rate
36 Month – Residual 61% of MSRP – .00150 Base Rate
48 Month – Residual 39% of MSRP – .00310 Base Rate
60 Month – Residual 32% of MSRP – .00310 Base Rate
2007 BMW 328i Wagon
24 Month – Residual 70% of MSRP – .00240 Base Rate
36 Month – Residual 60% of MSRP – .00240 Base Rate
48 Month – Residual 37% of MSRP – .00310 Base Rate
60 Month – Residual 30% of MSRP – .00310 Base Rate
2007 BMW 328xi Wagon
24 Month – Residual 70% of MSRP – .00250 Base Rate
36 Month – Residual 60% of MSRP – .00250 Base Rate
48 Month – Residual 37% of MSRP – .00310 Base Rate
60 Month – Residual 30% of MSRP – .00310 Base Rate
2007 BMW 328i Convertible
24 Month – Residual 71% of MSRP – .00310 Base Rate
36 Month – Residual 60% of MSRP – .00310 Base Rate
48 Month – Residual 44% of MSRP – .00310 Base Rate
60 Month – Residual 36% of MSRP – .00310 Base Rate
2007 BMW 335i Coupe
24 Month – Residual 68% of MSRP – .00200 Base Rate
36 Month – Residual 58% of MSRP – .00200 Base Rate
48 Month – Residual 40% of MSRP – .00310 Base Rate
60 Month – Residual 32% of MSRP – .00310 Base Rate
2007 BMW 335i Sedan
24 Month – Residual 71% of MSRP – .00175 Base Rate
36 Month – Residual 61% of MSRP – .00175 Base Rate
48 Month – Residual 40% of MSRP – .00310 Base Rate
60 Month – Residual 33% of MSRP – .00310 Base Rate
2007 BMW 335xi Sedan
24 Month – Residual 71% of MSRP – .00190 Base Rate
36 Month – Residual 61% of MSRP – .00190 Base Rate
48 Month – Residual 41% of MSRP – .00310 Base Rate
60 Month – Residual 34% of MSRP – .00310 Base Rate
2007 BMW 335i Convertible
24 Month – Residual 69% of MSRP – .00310 Base Rate
36 Month – Residual 59% of MSRP – .00310 Base Rate
48 Month – Residual 43% of MSRP – .00310 Base Rate
60 Month – Residual 36% of MSRP – .00310 Base Rate
2007 BMW 650Ci Coupe
24 Month – Residual 67% of MSRP – .00275 Base Rate
36 Month – Residual 57% of MSRP – .00275 Base Rate
48 Month – Residual 39% of MSRP – .00310 Base Rate
60 Month – Residual 32% of MSRP – .00310 Base Rate
2007 BMW 650CiC Convertible
24 Month – Residual 69% of MSRP – .00275 Base Rate
36 Month – Residual 59% of MSRP – .00275 Base Rate
48 Month – Residual 46% of MSRP – .00310 Base Rate
60 Month – Residual 39% of MSRP – .00310 Base Rate
2007 BMW M6 Coupe
24 Month – Residual 67% of MSRP – .00275 Base Rate
36 Month – Residual 57% of MSRP – .00275 Base Rate
48 Month – Residual 44% of MSRP – .00310 Base Rate
60 Month – Residual 37% of MSRP – .00310 Base Rate
2007 BMW M6 Convertible
24 Month – Residual 70% of MSRP – .00275 Base Rate
36 Month – Residual 59% of MSRP – .00275 Base Rate
48 Month – Residual 45% of MSRP – .00310 Base Rate
60 Month – Residual 38% of MSRP – .00310 Base Rate
2007 BMW 750i Sedan
24 Month – Residual 68% of MSRP – .00250 Base Rate
36 Month – Residual 58% of MSRP – .00250 Base Rate
48 Month – Residual 31% of MSRP – .00310 Base Rate
60 Month – Residual 25% of MSRP – .00310 Base Rate
2007 BMW 750Li Sedan
24 Month – Residual 68% of MSRP – .00250 Base Rate
36 Month – Residual 58% of MSRP – .00250 Base Rate
48 Month – Residual 31% of MSRP – .00310 Base Rate
60 Month – Residual 26% of MSRP – .00310 Base Rate
2007 BMW 760Li Sedan
24 Month – Residual 57% of MSRP – .00250 Base Rate
36 Month – Residual 47% of MSRP – .00250 Base Rate
48 Month – Residual 30% of MSRP – .00310 Base Rate
60 Month – Residual 25% of MSRP – .00310 Base Rate
2007 BMW Alpina B7 Sedan
24 Month – Residual 58% of MSRP – .00250 Base Rate
36 Month – Residual 49% of MSRP – .00250 Base Rate
48 Month – Residual 31% of MSRP – .00310 Base Rate
60 Month – Residual 25% of MSRP – .00310 Base Rate
2007 BMW X3 3.0si 4WD SUV
24 Month – Residual 75% of MSRP – .00215 Base Rate
36 Month – Residual 65% of MSRP – .00215 Base Rate
48 Month – Residual 36% of MSRP – .00310 Base Rate
60 Month – Residual 30% of MSRP – .00310 Base Rate
2007 BMW X5 3.0si 4WD SUV
24 Month – Residual 68% of MSRP – .00230 Base Rate
36 Month – Residual 58% of MSRP – .00230 Base Rate
48 Month – Residual 40% of MSRP – .00310 Base Rate
60 Month – Residual 34% of MSRP – .00310 Base Rate
2007 BMW X5 4.8i 4WD SUV
24 Month – Residual 68% of MSRP – .00230 Base Rate
36 Month – Residual 58% of
Add 3% for 10K (1% more than 12K)
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Montego Blue
Black Leather w/ Aluminum Trim
Premium Package
STEPTRONIC
Comfort access
There are no Montego Blue in my area so I have to order one. They claim they didn't put any mark up on this car. Also, they wouldn't give me any discount since this is an order...well, I am not sure that is true! So, is this a reasonable deal? Please advise!!
Invoice is $35,425 (without Destination)
Add $775 for destination.
The difference between what you are paying and the invoice is $1425. I am guessing that should be $825 for Acquisition Fee, $180 for traning fee and $380 for MACO. Try and get this point clarified.
More important, you need to know the final price. By telling you that taxes are not included the dealer might try to slip in the 3 fees (above). Always get the details in writing - have the dealer email / fax you a detailed quote.
Also, per my understanding and research there is a limited choice of 2007 models available. BMW has already stopped production of the '07s. Most dealers claim that the last batch of '07s is en route. Anything ordered now will end up being a 2008 model (final price unknown at this point) and will be delivered end-Oct or early November.
When are you going to get your car? The delivery date will determine whether the dealer is really ordering one for you or just getting it from another dealer.
Hope this helps.
Thanks for the information.
As far as I know, he did a search for me in the near by area that my request is not available. He said the same thing that the production for '07 has stopped. So, he said my car will be a '08 and it takes about 6 - 8 weeks to be delivered. He is trying to order it today via their internal process. I still haven't heard from him yet. I shall see the number soon and keep you posted.
The truth is that buying cars at or below invoice, even if a manager is willing to do so is not fair play. Commission structures vary by region but run roughly thus: $50.00 - $200.00 per delivered sale within $500.00 of invoice. The average sales rep sells ten cars per month. If all consumers paid within these ranges, do the math. Fact is the average rep makes $32,000 or so per year working 60 plus hours a week. The average manager at the desk makes twice that running a sales department of 10-20 sales reps.
Simple need to feed your family requires the dealership to make profit where consumers less equipped will allow it. If MacDonalds charged the learned consumer $1.00 for a BigMac, then they would have to either close up or charge the ignorant $9.00 to make up the difference (assuming only half the public were informed).
But when it comes to cars, more people are looking for the unbeatable deal. Some balance must be struck here. The 328 coupe is at or near sticker, while the sedan is at or below invoice. If you want champaign, pay for it. If you just want a buzz, well there are alternatives. This is a free economy after all.
We the informed buying public try to do the best we can for our families as well. This includes getting the best possible deal on a new car and feeling comfortable with the purchase. The problem that I have encountered is after exhaustive research, I present what is fair, based on the Edmunds Invoice, for both parties to do well. What I have found is that the first instinct of the dealer is to say that this information is wrong. They them lay out a sheet of paper saying what their invoice is. This is always at least a $1000 more than the data available. So, what are we supposed to do? My first instinct is to not believe a single word that comes out of their mouths.
You mentioned that the 328 sedans are selling at or below invoice. This is the car I am interested. When I pull the Edmund inovice, what is added to that to arrive at the "dealers invoice? I want to make it a fair deal, but as far as I can tell, the dealer just puts some formal looking paper in front of you and says this is my inovice"
I appreciate the hard work and long hours you put in at the dealership in support of your family and the larger "company" that you work for. Please inform me, so I can be fair with you as well.
Regards,
Brian