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Comments
Keith
L.A. area in Cali
being offered the 328i sedan - auto, xenon, metallic paint
for $34145 (MSRP $35725)
36 Months/ 10k per year $808.51 driveoff and $434.60 + tax/month
36 Months/ 12k per year $818..55 driveoff and $443.91 +tax/month
I think it can go lower since it's an 07...so please give me some pointers
I'd probably go for the 12k lease if I am getting this car
Is this a decent deal? I'd appreciate any advice. Thanks in advance.
credit cards and car into one loan payment (easy since she works at a bank).
She owes 11.5k on it. The BMW dealer I am working with has 07 loaded executive
cars available, these are loaded! He is estimating $4500 for trade (only 63K miles)
leaving 7K neg. equity. Gross cap cost of $40,100, Money factor of .0018, $2500
down payment of $2500 + sec. deposit, firt months payment and taxes. So,
$4071.26 at signing, and $535.76 for 36mo LEASE. the car is a 6spd man. Any thoughts?
Lease support ends on Oct 31.
Email me and I can fix you up with a good deal here in LA.
Anybody interested can PM me for additional info.
Sounds like you have got an excellent deal!
I'm sure you'll enjoy the car.
Also, the thing I liked about BMW over the MB C300 was the fact that I could the specific options I wanted a la carte instead of in a jumbo package. What options in the premium package are really important to you? Is it just leather seats? Power seats? If you go 328, then u are starting w a lower base and can prob get every option you want and still be close to the 335 price. Either way, you are dropping a lot of cake on a car, might as well get it exactly as you want it. Anyway, I got power seats, sirius and the upgraded stereo. I'll get a Garmin for my Nav. Good luck.
Keith
Tnx
Keith
Keith
My questions are:
- does it make sense to lease the 335i, if I plan to drive 18k miles/year?
- what is a good lease deal for the 335i?
- what should I do with the Acura? If I bought the 335i, I could use the money from the Acura to buy down the amount financed on the new 335i. Based upon what others have said, I should not use the money from the Acura as a cap reduction on the 335i.
- if I lease the 335i, how many months is best to commit, given expected residual values?
Thanks! :confuse:
2008 328i auto, sport package, metalic paint, Ipod
MSRP $37225
Nego Price $35725
Lease: 36 mo, 10k mi/year
$3000 out of pocket at signing
-$983 Fees, registration, taxes, First month.
=$2017 Cap Cost reduction
+625 acquisition fee
Adj Cap Cost $34333
Residual 64%
MF .0022
Tax 3%
Payment/mo $435.80
MSRP: $50,475.00
Sell: $49,475.00
Term: 36 months
Miles: 10k per year
MF: .00226
Residual: Not sure, around 60% I think
Purchase Option: $30,789.75
UP FRONT:
Security Deposit: $6400
First Payment: $785.04
Fees: $476.00
Tax: $4.54
Total: $7,665.58
$785.04 a month... been to about every dealer in the Bay Area... this is the lowest MF so far.
i got 2008 328xi model w/ cold weather package & power seats for 3300 down, 389/month. its a lease special for the month, plus extra options added included in price. i think its a fair deal... any thoughts??
Keith, as for nothing out of pocket, the only out of pocket was for registration in CA and that's it. I didn't even pay for the security deposit. No first/last nothing. Oh and my money factor was .0016. If I had gotten an '08, the money factor I negotiated was .00188. I hope this helps.
There seems to be a lot of leases on here - is that a reflection of better deals for leases than buys or just a general reflection of people's preference of a lease over a buy?
Anyhow, I've gone back abuot 5-7 pages and can't find a reference to anyone buying a new or CPO here. What's the deal?
Thanks!
Thanks
MF: .00190 like you said
Residual: 56% of $44170 = $23615.20
Payments = $682.03/mo (including taxes, assuming 36 months, assuming 6.5% tax rate)
Due at signing = Only your 1st month payment..
IMO, they're giving you a very low residual considering that it should be 58% for 15K/yr (taken from Roadfly.com forums, lease rates reference for Oct07)
36 Month – Residual 58% of MSRP – .00190 Base Rate
Using 58%, will put you at $658/mo ballpark..
The only way to get lower than that, is to jump into 39 months lease (which maintains the same rates and resuduals as 36) and it'll put you into the $618mo ballpark
Good luck
What is that?
You won't get a ton of negotiating as there's not much wiggle room off invoice cost for bimmers. Best bet is to get an internet quote from dealers in your area and compare. Then, go to the lowest bidder and try to knock down the price a little more.
anyhow, relating to buying experiences, I'm curious as to what everyone thought of paying cash for the car. Are the dealers more inclined to negotiate the price if the transaction is completed that day? the financing seems like a pretty good deal, so paying all cash has given me some pause.
Thoughts?
This forum is great. Thanks for all the incredible info. I'm a new member, just signed up. Would really appreciate any comments on following deal, whether you think its good or not, any tips appreciated. Here is what I know:
2008 328 xi: 3 YR/12K Lease
Auto
Cold Weather
Premium
Metallic Paint
Sticker: $40, 925
Selling Price: $39, 125
Invoice: $38, 185
$940 over invoice
MF: .00205
Residual: 63%
My out of pocket is around $1, 178 which includes first payment, security deposit, title fee.
Seems like a fair deal. What do you think?
MSRP: 40275.00
Sale: 38,000.00 with 3.90% APR financing for 60 months.
OTD 41,544.54
Is this a good deal?
Thanks.
Regards,
OW
2007 335 xi: 3 YR/15K Lease
Auto
Cold Weather
Premium
Metallic Paint
Satellite/iPod
Sticker: $47, 770
Selling Price: $44, 975
Residual: $29109
Invoice: $43, 950 (from Edmunds)
$1025 over invoice
MF: .0019
Residual: 61%
Monthly lease is $625 (inclusive of tax);
initiation fees $2, 364 (includes first month payment + 650 security deposit).
I want to be around $550 for a 15K lease - is it possible?
Can I do better than the above deal? Dealer claims that this is the great and is possible only on a 2007 BMW. Please help!
If you negotiate OTD, the bottom line on the F&I contract had better match what you negotiated. It takes the dreaded "four-square" right out of the picture, so long as you're willing to dispose of your existing vehicle on your own. Since I keep my cars forever, they're usually worth about $1.87 to the dealer anyway.
Dealers are very good at hiding the pea (think three-card monte or the equivalent with three walnut shells with a pea under one of them), and people who fall for the four-square or any of a number of other "techniques" are their willing victims.
Don't be among them.
Make sure you are getting a lower MF for the $650 SD that you are putting down. You can get a lower MF by putting down a couple of additional refundable SDs. That will bring down your monthly by about $15.
The max that the dealer would go down is $500 over invoice. This will bring down the monthly by another $10 or so. Shoot for $600 incl tax and you should be in good shape.
The dealer is probably right. I am almost certain that you would not get a similar deal on a 2008. Since there are so few '07s left, grab this one while you can.
http://finance.yahoo.com/loans/article/103787/Things-to-Never-Say-to-a-Dealer
MSRP: $44,425
Invoice: $40,950
TMV: $44,100
My Sale Price: $43,780
Acquisition: $650
Registration: ~$350
Down Payment: $2,000
Residual: 60%
Money Factor: .0029!
Monthly Payment: $675/36 months
There's not much wiggle room since the car is in high demand but I can probably get a few hundred more off once I narrow the dealers down to 2 or 3 and get ready to actually order the car.
Where he's killing me is the money factor. I know the rate from BMW financial is .00235. This is all fine and dandy but I'm pretty sure he's already making a lot of money selling the car for about $2,200 over invoice and wants to make even more by jacking up the money factor. What should I expect to be able to negotiate for the MF?
I also dropped my hand a bit with dealer and asked about multiple security deposits He told me I could decrease the money factor .00005 with up to 7 deposits ($500 each). Sounds good if I can get the MF down first and then do a couple security deposits...