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Do you think that the internet price would generally be lower than the face to face negotiated price?
Make some calls around the state.
First offers from most dealers begin at +$1000.
I just ordered at +500.
Try Marin.
Thanks, and good luck to you with your purchase or lease.
Dealer bribes and satisfaction surveys
kirstie_h
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www.generalcar.com
Got the URL in a classified ad in the local paper. I think it's like $1000 or $1500 at lease inception to get that $339/mo for the 325i.
Am i ripped off badly?
325i / automatic / metallic paint / sat. prep
msrp: 32820
acq. fee: 825
MF: 0.00295
residual: 61% (36months/15k)
Monthly pmt with tax: 540
$1000 down includes first pmt, reg. fee and doc. fee.
I know the base MF should be 0.0025,
but all the dealers I have quotes from give me 0.0029 at least
I can get it this Friday,
so don't know if that's the going price i have to pay in s. cal. now?
thanks.
as you're in so cal, expect at least 1000-1500 off msrp.
But, they are bumping the money factor by .0003 and by another .00015 for the security deposit waiver.. Also, they are marking up the acq.fee by $200...
If you take their selling price.. $31,585 is my best guess.. Add $625 for the acq.fee to the cap cost, make a security deposit ($550), ask for the base MF of .0025...
Then your payment should be about $508/mo. including 8.25% tax (my assumption).. Your upfront money will rise to $1550 including the deposit, which you'll get back at the end of the lease...
This still leaves the dealer about $2000 over the invoice, so not an unreasonable deal, at all...
regards,
kyfdx
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Thanks
For these models could someone please let me know BMWFS' current (July) base money factor, residual percentage, and base acquisition fee for a NY lease? I would also appreciate a rundown on how much dealers are allowed to markup the money factor and acquisition fee. If the dealer does markup one or the other, I suppose that it is discretionary and therefore negotiable. Please confirm. Are dealer markups common or uncommon? For dealers that do markups, is it realistic to get them to drop it or should I be seeking a reduction instead? Is there a base document fee with a BMWFS lease or is that a discretionary dealer add on? If there is a document fee, should I be seeking a waiver or a reduction?
Is the current leasing program better on one or the other model, the 325 or the 330? A little extra help on the 330 would be nice to make it more affordable.
Do I understand correctly that the MF would be increased if I request a waiver of the security deposit? If so, how much of an increase would it be and is this another place where the dealer is allowed to take a discretionary mark up? Is it basically a wash (interest I'd earn on the waived security deposit = the extra money I'd have to pay on my lease on account of the higher MF), or would I be better off to make the security deposit in order to keep the base MF?
Is the NY acquistion fee waivable, and if so, at what cost? A higher MF? If so, how much higher and can the dealer mark it up even more? Would it be better to capitalize the acquisition fee at the base MF rather than have it waived for a higher MF?
Does BMWFS allow for multiple security deposits as a way to reduce the MF, and if so, how much of an decrease would there be and would it be a wise investment (better than money in the bank - a risk free way of lowering the monthly payment on a lease)?
If I need more than 15,000 miles per year (say 20,000), how does it work? Do they work off of their 36/45 program? Is there a certain base charge per mile that gets added to the capitalized cost? How much does the residual drop? Is this another area where the dealer can profit?
If the situation may still be such that BMWFS lease programs for the new 3s are totally unsupported by BMW, would I be well advised to explore thrid party bank leasing? If I got a better deal from a third party, might BMWFS be inclined to match it or are they rigid about sticking to their current programs? Do BMW dealers deal exclusively with BMWFS or do they also deal directly with third party banks for situations where BMWFS numbers are too high? Might I be able to get my BMW dealer to quote leasing numbers from third party banks for me to compare against BMWFS?
Sorry for so many questions, but any useful information and helpful guidance would be highly appreciated.
2) You are almost always better off making the security deposit... The waiver is a .00015 bump to the MF.
3) The base acquisition fee in NY is $900.. Not negotiable.. it goes directly to the bank... Dealers may mark it up by $200, and many do... that part is negotiable. I'm not sure about a waiver in NY.. For the rest of the country that is a .0003 bump in the MF.. and generally isn't worth it..
4) BMWFS changed their MSD program a couple of years ago.. It is only a .00005 reduction for each deposit, up to a maximum of five deposits.. Almost not worth the trouble.
5) Not sure exactly how the extra miles works at BMWFS... but, it does start with a 36mo/45K lease... Most deals I've heard.. they encourage you to wait until about 9 months before lease end, then buy the miles at $0.16/each... vs. the $0.20/ea. that you'll pay at lease end.. This also gives you the advantage of a mileage history, so that you only pay for what you need. Also, that will leave the dealer out of it...
6) The leases may be unsupported, but no one else will match the BMWFS residuals... Most BMW dealers don't deal with the 3rd party leases, unless it is an unusual structure, because most just aren't competitive.. Sometimes BMWFS' 36mo. leases are supported and the 48mo. aren't... In those cases, some other banks will beat the 48mo. lease price, if you are so inclined (I wouldn't be).
regards,
kyfdx
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I am looking at a 02 325i, auto, premium, heated seats with 47K miles in it... The car has a built in ipod dock and a CPO warranty of 2 yr 50K miles over and above the new car warranty. The asking price from a private party is $19.990 and I am trying to negotiate for a flat 19K. Is this is good price, should I be flexible and move my price up a little in case the seller does not budge..I like the car especially the warranty and it's in mint condition.....Let me know what you guys think should be a good price for it....
Thanx,
DD
You can take the VIN to the local BMW dealer and find out the in-service date and warranty expiration dates, plus any service history.. I'd do that before buying it...
Plus, if the in-service date is July of '02, you have three years of warranty left, but if it is October of '01, just a little over 2 years..
The price looks okay... what color is it? Leather?
regards,
kyfdx
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I will make it point to get the VIN # and check the service history..
Silver with sand is not my favorite, either... but, it doesn't look as bad as it sounds...
It sounds like a nice car for the money... Especially at $19K with the warranty.. No free service, though... that is only for the first 3yr/36K on the '02 models..
regards,
kyfdx
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Many thanks for your helpful reply.
I am intrigued by the flexible mileage arrangement you described in your #5. I have not heard of such a program before. Apparently the customer takes the standard 36mo/45K lease and sees how it goes. Then early in the last year of the lease the customer will have an opportunity to buy additional miles at a favorable rate as compared to paying the excess mileage penalty at the end of the lease. 2+ years into a 3 year lease I would be in a better position than I am in now to make an informed decision about extra miles. If I were to buy extra miles up front and my circumstances change such that I won't actually put on 20,000 miles per year, I would nevertheless be stuck with a monthly payment that includes all those extra miles. But on the other hand, I'd feel no pain to have the cost of the extra miles spread out over 36 payments, while it would hurt to have to pay perhaps $2,400 in a lumpsum at some point late in the lease. On balance, I like the flexible approach and think that I will go that way.
Let me ask you something else. I expect to put on 60,000 miles over the course of the 3 year lease, while BMW's warranty is only 50,000 miles. I will likely be out of warranty and therefore at risk during the last few months of my lease. Is there a way to reasonably alleviate this concern? I suppose that a 2 year lease would be prohibitively expensive. And if I purchased an extended warranty to 100,000 miles, it would be not only be very costly, but it would likely benefit the next owner much more so than me. Ultimately, when I think about the free maintanance for the first 50,000 miles, I think that I can jusstify taking the risk on the warranty. While Infiniti has a 60,000 mile warranty, I had to pay for all my maintenance for the G35 I am now leasing. The BMW might not cost me anything at all, and if I suddenly have to pay for something in the last few months of my lease, I would likely still come out ahead of the game as compared to leasing another car with a longer warranty but no free maintenance.
David D
That makes it a tough choice.. The included maintenance is important.. 50K worth of maintenance on an Infiniti would probably be $1000 at the dealer... though you would know the actual cost..
regards,
kyfdx
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Terry.
Finally decided on the car today after checking it out for the third time and an hour test drive. Man, what a nice car!
So here is the question, wanted to find out about leasing info. Not sure if I am going to lease or finance and the dealer said the rates were not that great for leasing.
Here is my setup:
2006 330i
Steptronic
Sport Package
Premium Package
Cold Weather Package
MSRP comes in at $43,545 and invoice comes in at $39,915 (based on
Edmunds figures).
Looking to finalize deal at $1,500 over invoice ($2,130 off msrp).
Could you guys let me know what the current MF rates are for July?
Could you lay out for me the whole leasing $ amount as if I was a 10 year old. (never leased a car, thanks) Base it on 3yr, 45k miles with as little money down as possible. That much at least I know. I live in California so tax rate is .08. There will be no trade in and just the minimum $ amount to put down. Base the car at $41,500 for round numbers.
Thanks in advance for the help and tutoring lesson! :P
bmwccc
$41,500 Selling price
$42,125 Cap cost (selling price + acq.fee)
3yr/45K lease
Residual 59%
MF .0025
Payment $626/mo.+ tax.. $676/mo. with 8% tax included..
Due at signing.. 1st payment, security deposit ($700), and title/license fees..
regards,
kyfdx
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Thanks
Just wanted to thank you for your help in determining my lease deal on 2005 330 coupe!
I ordered the car from dealership, it is being customized in germany, so called "mod"
Only problem is that I have to wait about 3 months before I get the car.
My question is about the European delivery. I did some research and it seems like a cool way to get a trip out of the discount from the car. I was wondering How I can determine how much more i can save if I did the european delivery? Is it even worth it, or just a bunch of hype....I got the car for:
MSRP 46,695 and discounted price $43895
If i do the european delivery can i save even more money? I am leasing the car 3 year/15K
thanks
kirstie_h
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Host, Future Vehicles & Smart Shopper discussions
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Also, when i opened the hood to take a peek inside, it seemed there there was a large gap at thetop left left corner, almost seemed as if a part or something was missing... Is this normal..?
Thanks a lot in advance,
ddas
Thoughts?
(p.s. I don't need much a back seat - just enough to haul to smallish kids around on short jaunts)
And, as far as the gap goes, it's supposed to be like that. Did you notice there's no battery under the hood? It's basically the space left over from where the battery would be.
The battery is in the trunk.
Do you have the July residuals and base money factors on an '06 325i for 3 year/15K year leases? Thank-you.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Price = $1500 over ED invoice + all options at retail msrp.
Thanks.
auto trans.
power everything
heated seats
harmon kardon audio
upgraded wheels
but I don't know how to tell if it has the sport package or any other package (which has an impact on the value, eh?)...can't seem to find the details on the net. argh.
36mo 15K year...61% .00250 325i
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Thanks.