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I can add one additional fact. When I took delivery, I asked the salesman what the break-in instructions are: don't exceed this speed, this RPM, etc. He assured me that the 325i has *no* break-in period, that there were *no* suggested restrictions on driving during the first 1000 miles.
Several hundred miles later, when I get around to reading the owner's manual, I find that indeed you are not supposed to exceed 4500 RPM in the first 1200 miles, etc. The salesman simply lied. He could have said "I don't know, I'll find out." But he preferred to lie. This is typical of Chapman BMW in my experience.
Separately, I have never been contacted by BMW or JD Power about the car. I purchased it six weeks ago; should I expect to wait this long? My suspicion is that Camelback BMW failed to report my address to BMW of North America, because they know I am dissatisfied with them. How can I check this?
BTW, the car itself has 1300 miles on it now and is great. BMW is a good company; they just need to improve some of their dealerships.
I had a car that had a loan balance of $11K, and was not in the greatest shape. The KBB on the trade-in was about $12K. The dealership paid assumed the loan balance to pay-off and took my trade-in.
I paid $1K down w/ $600/mo + tax for monthly payments.
I wish I knew about this site before I made the purchase to compare, but i did some basic lease calculations to get the deal. I paid a little more than I should have, but given that my work gives me a $400 car allowance/month, I thought life could be worse.
The dealer (in az) was not very flexible with price. I actually wanted the 335 coupe, but the dealer said it would have to be ordered and a wait of 8-10 weeks, which is more like 3 months. The dealer only had two 328 coupes on the lot. No 335s.
Also, I guess dealers don't include floor mats with cars. I did not know this. If you guys do buy a car just make sure you negotiate floor mats as I didn't.
This was my 1st time leasing, and I've learned some valuable lessons.
Example is your quote. No money factor(finacing rate), down, and other valuable information.
I leased an 2006 325i auto with metallic paint for purchase price of $31,005(MACO and advertising fee included). I went to the lowest internet quote dealer (Stevens Creek, San Jose, CA).
I got .00265 money factor and none of the dealers wanted to discuss the base rate back then of .00225. Although many have posted that they received the base rate it's a lot harder to lower the base rate then lowering the price of your car. I gave $2,000 at drive-off, with 10,000/36-month lease.
You should be able to settle on a price between 200-to-750 over invoice before you start negotiating the lease rate.
If you buy a new car today and drive it for 10 years, compare that to buying another new car at year five. Then compare it to swithing it out every 3 years. The depreciation in the early years really dirves up your total cost of ownership, so the cheapest way to own a car is to buy and drive it 8-10 years.
good luck
I went back to the dealership and asked to drive a 330i that was broken in. Big difference. Engine revved freely and was much smoother - not as smooth as my 4.2 S-Type, but pretty much the engine I remembered, only better. What gets me is that either the dealer sells so many cars to people who don't know that they are supposed to be buying that they don't care, or the sales manager is brain dead. Had I not persisted, I'd have walked away with my initial negative experience and would be driving something else. This said, I'm ordering a 328i Coupe for January delivery when my lease is up. Enough car for me. Don't need every kid in a rice rocket challenging me because they want to see if they can dust the 335i. Unless you're into this, you won't miss a thing with a 328i.
I know nothing about leases... is this a reasonable deal?
I use this:
36 mo.
MF = .0020
Res. = 61%
Total Amt capitalized = $40,000
The monthly payments come out to be about $565/month.
Also, when calculating the cap cost of the car, which payments do you include?
I understand there's a $625 fee, but what other fees are appropriate to get charged from the dealer, and what are common ones they use to get more money out of you?
.00225 61% for 3yr/45K
Also, when calculating the cap cost of the car, which payments do you include?
Selling price plus acquisition fee.
I understand there's a $625 fee, but what other fees are appropriate to get charged from the dealer, and what are common ones they use to get more money out of you?
Local registration and title fees and taxes.. Anything else is just profit padding.. Typical are dealer fees or document fees.
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Auto
Sport
Power front seat
Comfort Access
Metallic Paint
Dealer quoted me $36,720 plus tax and license.Does that sound reasonable? MSRP is 37,940.
I've been following these posts for a while and have a few clarifications:
1. Can the dealer negotiate the residual percentage or is it completely fixed by BMWFS?
2. I understand that the dealer can mark up the money factor. Is the max money factor mark-up 0.0004 or 0.00004? I've seen both numbers in various posts.
3. When is a good time to bring up the security deposits in negotiating the money factor down?
3. One disadvantage of ED is that you start making payments 30 days before you actually pick up the car--and then have to wait up to two months to see it again. That is three payments. I saw a post that says BMW picks up the second payment. Is this for all leases (of any term), or just those that are two year leases?
2) .0004
3) After the dealer has agreed to use the buy rate with no mark-up to the MF.
3)
regards,
kyfdx
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You're gonna lose your shirt on that M3. The M3 has become worthless at this point. The 335i nearly matches it in most circumstances for far less.
Get the 335i, switch to real tires (just like the real tires on the M3). I switched to real tires on my e90 and it made all the differences on the car. BTW, get comfort access - you'll never have to think about a key again.
When they calculate the residual, is it on the MSRP on the car plus destination or just the MSRP on the car?
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Do you have the money factors and residuals on 328xi and 335 coupes for 2 years 24/30K and 3 years 36/45? I'm planning on buying this through ED if that makes a difference.
Thanks!
ahdanna
ZCP? Is that the competition package?
I am seriously jealous...
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Thanks,
Dil
Purchased an extended 2 yr third party warranty for $2895 to reduce my worries.
That was 1 week ago. So far I think I got a good deal. Looked around some too and could not find a better deal within 200 miles. I'm bringing the car into the dealer for BMW's "Inspection 2" for about $670 in two weeks. That should give me an idea as to how healthy the car is. It feels like new when i drive it.
This car is as close to an M3 sedan as you could possibly get. Check these out too:
http://en.wikipedia.org/wiki/BMW_E46
http://www.edmunds.com/insideline/do/Drives/Followup/articleId=100429
Let me know what you decide. As a friend told me, "get it if that is what you want."
I thought either I get this one and spend $8K on repairs and still come out even or get a 330i with lesser miles but with extended warranty.
That aside, i would probably pick the M3. The E46 simply has better styling and feels more like a BMW inside and out.
M3 update: Dealer threw in the free 3M bra,M poloshirt,2qts Castrol 10W-60,M valve stem caps and M keyholder, all as a final gesture of goodwill to secure future business.
I was quoted oct rate of 71% and .00315
Thanks
On pricing, the sedan looks to be $1000 cheaper than coupe, is this correct.
Thanks
You can also access this by clicking on the HELP link at the bottom of the page.
regards,
kyfdx
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We are in Balt, MD and we are negotiating for a 2007 328xi lease, premium, cold weather pkg, sirius radio.
The MSRP: 39,590
price offered 38,100
acquisition fee: 625
money factor: .0025
residual value: 24,149
security and first month: 1286
payments: 636.42
we were told we could buy down the MF to .00201 by increasing our security deposit to 4550, which would bring our payments down to 604. Good deal?
Just placed an order and agreed on lease terms today on a 335i sedan in Charleston, SC. I ordered a manual w/ metallic paint, premium, sport, comfort access, sirius, heated seats.
MSRP = $45515
$1300 discount = $44215
36 months/10k miles a year
Residual = 64% or $29129
$1500 due at signing
Monthly payments are $585.30
I know this doesn't quite compare, and I certainly benefit from SC sales tax capped at $300, but hope it gives you a good idea. I was pretty pleased with the monthly payment and haven't calculated MF yet. MF has improved drastically from Oct to Nov. Good Luck.
Using your figures, I get $562/mo.. Unless tax is $70/mo, there are some added costs in there.. (title/license fees?, doc fees?)
Also, I show the base rate for the 328Xi sedan to be .00190.. Usually, they can only mark it up to .0023, so not sure how they are doing .0025...
It kind of sticks in my craw that they mark up the money factor, then offer to let you buy it down with MSDs.. That stated, at least they got the math right.. But, I think the security deposit would be $4550 more, not total..
There are a slew of 3-series models, many with different money factors and residuals.. so, maybe my source is wrong.. Other than the bumped up money factor, it is a decent deal on a brand new model.. (assuming you can reconcile the extra $70/mo.).
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so they are now offering me to stick with the car (coz they can't replace one), we'll reimburse the money for powerseats, plus $500 coz we are sorried the car is not what you really wanted and a floor mat.
I can live without power seats, but how much resale value am I losing by taking a bmw without power seats? the Real important question is What's (how much)the reasonable compensation for that?
Money factor .00215
Residual .58 on 15K per year
Is that a good deal?
I ended up ordering one of their allocations cars, they had two cars on allocation which had not been built yet so it allowed me to configure it as I wanted and get it within a reasonable amount of time.
Originally, I was looking at an 06 and they were dealing a bit in August. They did not want to talk discount they were saying % over invoice. From what I have seen the MSRP is about 8.5% over invoice. It appeared that they come down to about 5% over invoice.
The dealer I found who was willing to deal was about 35 miles from me in NJ and after all said he let me have it at 4.5% over invoice which was about $2000 off MSRP. I got them to through in a few dealer options like Floor mats, Homelink and the Ipod interface.
Considering what I have seen and read this appears to be par with BMW on a new model year.
Has anyone been able to do much better?
What color and options did you deal ? Good luck. Lease or buy?