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But don't hesitate to order exactly what you want. Ability to order exactly what you want (and not have to settle) is a great thing about BMW. If you are leasing, the price increase will amount to peanuts. With a residual of about 60%, you'd only be paying for 40% of the $600 price increase = $240. Over the course of a 36 month lease, I figure you'd be looking at an extra $7 to $8 on a monthly payment that is going to be in the 600s (if you put no money down and capitalize the acquisition fee and sales tax). That's a small price to pay to get an expensive car exactly how you want it.
I was in the same position you are about a week ago. I thought about ordering a 330 but then it would take about 3 months before i get it here. But if you use the invoice from edmunds for the car and packages/options, you dont really save that much going with ED. add in the cost of the trip- i figured i would save about $500. But that's not worth waiting 3 months for the car.
330i+ZPP +Steptronic= $38,768 ED( this is with $500 profit for dealer)
$40,796 (buy here)
so you save about $2000 - $1200 cost of trip (airfare + hotel for 4 nights) - $300 to spend for food and such. So you save about $500 or so. That's what i figured. Hope this helps.
On July 21, 2005 I placed an order for a new 2006 330i with Crevier BMW in Santa Ana with the following options:
Jet Black
Grey Leather
STEPTRONIC Automatic Trans
Premium Package
Sport Package
Heated Front Seats
Active Steering
On-Board Navigation w/iDrive
Active Cruise Control
Park Distance Control - Rear
Satellite Radio
Prior to my placing this order I had asked a friend of mine who has owned several BMWs what kind of deal I could get on a new 3 Series and his suggestion was to go through Costco. He had purchased his 2005 5 Series that way and according to him he saved substantially. I had imagined that they don't deal much on a premium car like this, but I really didn't know. I had no experience.
Anyway, I did what he suggested and Crevier ended up quoting me a Costco Discount price of $1,580 off MSRP or $47,385 plus fees. I argued at the time that a paltry $1,580 off the factory sticker price did not seem equitable, fair or reasonable. They, however, insisted this was indeed the Costco Discount price and explained there is very little “wiggle room” with BMWs.
Anyway the order was placed at that price, and I did sign a Special Order form which indicated an “Agreed Purchase Price” but no binding sales contract has been signed. But since my delivery date of September 20th is approaching, I thought I'd investigate further. I know this should have been done before hand.
What I discovered is, according to Consumer Reports Car Price Service, the Dealer Invoice for this vehicle is $42,020 including all options
My experience with purchasing automobiles, (but never a BMW, this is my first), is work up from dealer invoice. Never down from the sticker price. And I’ve always done very well using this, armed with the Consumer Reports Pricing info.
Does this make sense? What is a reasonable price I should expect to pay for this machine? Am I legally bound by the price on the “Special Order” sheet I signed? If I've made a mistake can I recover?
I’m perfectly fine with Crevier making a fair profit on the sale of this automobile, but I’m not willing to lay down and let them charge me what appears to be 11% over their cost. Thanks for your advice.
I'm in the NY metro area. Around here you could buy that car in the range of 1,000 to 1,500 over invoice. I don't know what the market is where you are.
Didn't you give a deposit when you signed the order form? Maybe 1,000? If so, I believe that you would be at risk of losing your deposit if you cancel the order. Maybe it makes sense to solicit some lower quotes from other dealers and then try to renegotiate your deal with the dealer you ordered the car from.
In may of 03 i paid $400 over invoice for a 330i using costco. There were no rebates or dealer incentives on the car. Sometimes Costco can be a good deal. If I head a dealer say anything approaching 500 or more over invoice on a car, I'd laugh right out the door.
Most of the time I've been dismayed by the results of costco/aaa pricing.
Cap cost of $33,245 with the $900 acq.fee rolled in..
I get $527/mo. with the taxes rolled in..
And... if interested... Only about $545/mo.tax included to lease for 24mo/30K..
regards,
kyfdx
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Goodluck and btw nice choice.
Active steering rocks.
What do you get w/o the acq. fee rolled in?
For those interested, the reason NY has such a high acq fee compared to other states is this extremely ridiculous (not to mention anceint) vicarious liability law. It holds the owner of the vehicle (read, leasing companies and banks with deep pockets) liable for the actions of its driver. The law was instated in the 1920's for chauffers who got into accidents, the car's owner was held liable. In our wonderful modern day letigious society, people are using this law to sue leasing companies in cases of severe injury and or death by an auto accident. NY is the only state in the entire US to still have this law. Supposedly the President is signing a bill in a week or 2 that will nullify the vicarious liability law in NY.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
So, I was wondering if any of you have gotten a deal close to invoice on any new 3-series at any of the Houston/Austin/Dallas dealers, or if you can recommend any dealers in these areas.
We are thinking about leasing one through work, and we're being quoted the MSRP for now (in Missouri). Getting the premium package and seat heaters is all. Anyone know of any good deals on these 330Xis?
Also- the reason we want an Xi is because of the snowy winters we sometimes get. Anyone else have trouble with rear-wheel drive BMWs in snow? If not, we may consider the other 3 series cars.
Thanks for any input.
On the 24 month lease... $900 / 24 mo. = $37.50/mo. As you can see.. the 24 mo. payment is almost exactly the same as the 36 mo. payment... The only increase is due to amortizing the acquisition fee over 24 months vs. 36 months.
So, without the acq.fee rolled in, his numbers look the same as mine...
Personally, I always roll it in... I see no difference between the acq.fee and a cap cost reduction.. It gives you a truer picture of the monthly cost of leasing the car.. Of course, sometimes you don't want to really know the true cost..
regards,
kyfdx
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You would have a lot better chance of a deal, if you give up the NAV... You could probably find a car on the lot that would suit your needs, and possibly have a little more bargaining leverage..
NAV is not that popular of an option on 3-series... It doesn't function as well as the Japanese brand NAVs.. (See Acura/Honda), and most people would rather spend the $1800 on other options, such as upgraded audio, or sport package..
When there is a car on the lot that you can drive off in that day, and you show the willingness to do that, if a deal is struck... you'll find prices may come down a little lower.. That advice goes for every make of car, not just BMW..
regards,
kyfdx
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You'll save on fuel, have better handling, and have better winter handling than with an Xi on all-season tires..
The Xis haven't even made it to the dealers yet.. Plus, the '05 models have been virtually out of stock for 3-4 months, so there is some pent-up demand... Deals aren't likely to be out there for a few more months..
regards,
kyfdx
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Does anyone have any experience with the Atlanta dealers? Does anyone have an opinion as to whether this is a good deal?
Thanks for any thoughts you might have!
Another factor in my analysis was that Volvo discourages anything other than stock rims, because of the ABS, etc. systems, blah blah blah. I could have gotten a good deal on a second set of the wheels I already had, but that's no fun....so.....one set of wheels, two sets of tires.
Navigation
Sports Package
Heated Seats
Metallic paint
Leather interior
Price Negotiated $45,595
available in October......can't wait. :shades:
Now I can think maybe about other cars.
Amigos- could you post the name of the dealership you worked with? Also, in which city do you live?
When I configure the car you describe on the BMW site, the car comes out at $48,965 before taxes and fees. Edmunds, meanwhile, indicates a True Market Value of $47,996:
Base: $36,155
Jet Black: n/c
Grey Leather: n/c
STEPTRONIC Automatic Trans: $1262
Premium Package: $2160
Sport Package: $1571
Heated Front Seats: $491
Active Steering: $1228
On-Board Navigation w/iDrive: $1964
Active Cruise Control: $2160
Park Distance Control - Rear: $344
Satellite Radio: $584 + $74 (prep)
So you probably did alright! If you pitted a couple of dealers against each other, you may have done better but then you have to ask yourself what's the value of your time and effort. I pitted three dealers against each other. At the end of the day, I "saved" a little less than $8000 on the acquistion of a 330i and a X3 (i.e., the difference in price between the first of dealer X and the final agreed-upon price of dealer Y). But it took several days and not a small amount of frustration.
In one case, I also had a deposit down -- $500 -- but it was refundable. In your case, it probably is as well; check the fine print. By national law, you should have at least 72 hours to change your mind on any contract.
If you aren't comfortable with what you paid, back out or you'll be second-guessing yourself and that may cause you to not enjoy your swish new ride!
Now stop thinking about that TL. Sure, you could have saved about 10 grand by going with the TL. And sure, it is fast, comfortable, luxurious and reliable. But it is FWD and the handling is not close to the RWD 3. You get what you pay for, and if you are looking for a true sports sedan rather than a luxury car with some kick, the 330 is a superior car (though arguably not to the extent that the price gap would suggest). You will have no regrets once you get behind the wheel of your own 330i. My wait is nearing the end. I take delivery on Sep. 2. I could have leased another G35 (for a heck of lot less!), but no regrets.
But the new 3 is hot even as an AT, and I've always wanted -- once in my life -- to own a truly new car! I just hope the problems that usually surface with a redesigned car don't plague the new 3.
BTW - my buddy has the G35 and loves it. Did you not like yours?
I'm also in NY. I'm strongly considering doing the snow tires thing with my 330i. Never done it before. But I'm guessing that RWD with snow tires would be as good as and maybe even better than FWD with all-seasons. I've read that no all-season tire is really that good in the snow, though they are surely better than performance tires.
I was one of the first people to have the G35. Got it in the Spring of '03 on a 39 month lease. I love it! Only reason I'm not getting another one is the same reason I got a G35 in the first place. I want something new and exciting. The new 3 fits that description for me very nicely this time around. I lease my cars and like to take the opportunity to change every 3 years. I was also considering the new IS, but the timing was not right for me (Oct. 1 launch date).
Oh ... and heated seats and SIRIUS were also wife-requirements for me (my wife's os, of all things, a Howard Stern fan ... one reason she wanted BMW over Acura was the latter only offered XM Sat.radio, not SIRIUS!).
The G35 is a great car. My friend got his in August of '03 -- fully loaded -- for $31K, including taxes and fees since a family friend owns an Infiniti dealership. I would have been able to leverage the same sort of deal but my wife thought having the same cars as our friends was silly. The things we do for our wives! hahaha!
Go figure, my wife is also a Howard Stern fan.
G35s are now selling for about invoice, and the money factor is way less than that applicable to the new 3.
Are you aware that the transportation bill, which Prez Bush is scheduled to sign into law on Wednesday, contains a provision which makes it such that lessors of autos can no longer be held vicariously liable for damages caused by the people who lease cars from them in NY? Therefore, it should soon be the case that us NYers will be charged the regular acquistion fee ($625) rather than the jacked up acquisition fee ($900). I raised this issue with my salesperson. He said that I will be charged the reduced fee if the fee is reduced prior to my delivery date. You might want to flag this issue for your salesperson, if you are leasing.
selling price+37900 with prem pkg and heated seats
leasing the car for 574 including CT taxes
1200 down inclusive of 1st month payment.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
330i, titanium silver metallic, gray leather, (zcw) cold weather pkg, (zpp) premium pkg, auto transmission, (pdc) park distance control, satellite radio prep. Also will throw in the floor mats
total suggested price $42,370.00
negotiated to $39,740.
total out the door price $43,402.15
When talking to another dealer closer to me, I asked if he could do better, if not, at least match it (that way I won't have to drive an extra 20mins). He stated that he couldn't even come close and said that the other guy is only making about $560 over invoice (not sure how true this is).
JLM
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But, off the top of my head.. it looks like a decent deal on a 3 year lease..
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Also, some people just don't want to hassle with changing out for winter tires...
For 90% of people, it won't matter at all... I would sit in a car with sport, and drive it before making a decision, though..
You'll still have a great car without it..
regards,
kyfdx
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I think I mentioned getting great performance out of the W speed rated Michelin all-season performance tires I had on my current car (VW GLI, 6-speed, FWD). Their performance in the snow was astonishing. My buddy with the G35 had a terrible time this past winter, and often would get stuck in the snow in the city, too. I've not used dedicated snow tires for years, but definitely am doing so this year. And I am ordering them sooner rather than later, since the supply of run-flats doesn't seem ideal.
Was your experience with Tire Rack a good one?
Stern: you'd think women would hate him, right?
This is one peice of Bush legislation I think I agree with. I know of a few cases (e.g., Chase) were the lessor was hit with a huge settlement for a drunk driving fatality with a leased vehicle. It's sort of like suing the farmer who grew the hops that were used by the brewer to make the beer that was over-served to the drunk-driver. Where's personal responsibility???
I actually had one dealer try to charge me $1025 bank fee. We had agreed on some really low prices for two cars, and then I found them sneaking these exaggerated fees in through the back door. While I of course got them to reverse the fees, it left a bad taste in my mouth - it was one reason I swung away from Acura.