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very happy overall!
I bought from JMK in NJ. I think I can say that.
2008 535i
prem package
cold weather package
nav
sirius
MSRP: 55,520
Sale Price: 54,000
Claimed invoice price: 51,950
30 mos lease
12K
zero down
$689 before tax
assuming the invoice price is correct (i confirmed with edmunds at Edmunds Dealer Invoices )then its a +$2K over invoice deal.
Sounds high. Based on what I've read in here so far, am I out of line thinking the Sale Price should be closer to 52,000 than 54,000?
The security deposit is getting rolled over from current lease and the MF is .0018.
Deal or No Deal?
MSRP 45475
1500 down
598w/tx for 24 months
WHAT DO YOU THINK? Are BMW dealers desperate? We went back in forth for a week with two dealers.
I got a $52k 528i for $48800. Lease at $600/month (with 7% sales tax included). $1800 total due at signing (600+600+299+misc)
24mo, 10k miles.
I am waiting for the final sales-lease price. I have to assume it's between the 52MSRP you got and 45MSRP that I got, but your only out another $300 and you got $7000 more car.
What's it worth?
Thoughts??
Sales Price $42,522.
Money Factor .00205 without a Security Deposit
Residual 76% (10k miles) = $34561
567w/t X 24 1500 down
What do you think?
$52,000 for your configuration is likely at least below invoice. If the bumper damage is only surface damage, then based on my experience $52,000 may not be a great price but seems fair. Good luck.
If the $1500 down includes first monthly payment and a security deposit, the rest of the fees seem reasonable.
Please...
Would you baby a car with 300hp twin turbo because you were the head sales guy? Sure it gets the maintenace because the car is already there and the first required maintenance is the 15k oil change. does it get extra? Who knows?
I wish the BMW salespeople were as upfront about pricing as the Infiniti dealership. Their numbers made sense and they offered a good deal. If only the M35 drove as nicely as the 535...
Please...
No way!! Sometimes, it is driven by the GM's wife... but, just to the hairdresser and back..
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I know different driving experince - tough decision for me - Biggest concern on the BMW 535xi is realiability and interior comfort - any feedback on those points could sway me either way.
Any advice would be appreciated.
Negatives on the BMW are the location of the cup holder (passenger side of the dashboard) and the iDrive. A friend tells me that you can become accustomed to the iDrive and it's not such a big deal, but BMW has a lot to learn about intuitive user interfaces.
Certainly I would expect Lexus to win any contest based on reliability. Good luck.
If you want a drivers car and road feel and being connected, can't do much better than the 5. If you want to be disconnected and a soft cushy ride, you want the lexus. Yes, the Japanese do a great job for luxury. I saw that Lexus today, didn't care for it. Japanese cars are overall much more relable then the European/German counterparts.
It all depends on what you want. I went from a BMW 530 to a Lexus 330 and I'm back with a 528xi. Didn't like the blah of the Lexus.
Okay, cupholder is a negative, but it is much better in this version of the 5 series then the previous one. I actually had some issues with the lexus one as well.
Good Luck!
I'm a BMW guy. I have included links below for your consideration. BMW's Ultimate Service is hard to ignore when you consider a $2,100 avg. maintenance expense on the Lexus. In any case, their both GREAT cars & you won't make mistake by taking either one.
http://www.caranddriver.com/buying_guide/lexus/ls/2008_lexus_ls460
http://www.caranddriver.com/buying_guide/bmw/5_series/2008_bmw_5_series_sedan/20- 08_bmw_535xi_short_take_road_test
Lexus is much softer of a car/feel. It is also larger.
5-series just cannot be beat in my mind. It is the most comfortable car I have driven. Get the Sport package with the multi-contour seats. Just amazing.
Simple procedure: Go drive both. I didnt want to get out of the BMW. Lexus was nice (I drove GS) but more of a corporate jet, less involving feel.
Lexus maintenance cost is outrageous.
Despite the iDrive, I still plan to get a BMW. I'm just hoping that someone from BMW is reading this forum and absorbing customer feedback so that they can continue to improve the user interface.
I got him to throw in a BMW Sirius Radio, but thats where I am. I guess add another $500 to the MSRP and INVOICE.
Still at 567 x 24, though.
Wait until the end of the month and see if he budges?
Considering that they still advertise it heavily, I doubt it's going away anytime soon...
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BMW 535xi:
MSRP: $51600.00
Premium, Navigation, Sport, Cold weather, Sirius, Auto, Destination.
Retail w/options: $59,020.00 Invoice: $54,295.00
After the typical back and forth, and negotiating from invoice up, this is what I signed/ordered.
$54,295 plus MACO $380.00 + Trng $180.00 = $54,855.00
MY price = $55,175.00 or $320.00 over invoice.
Lease terms: Acq = $725.00, Doc = $45.00, Tires = $10.00, no security, 1st Month. 10K miles annual, 36 months @ .00205 and 63% residual. Can't buy down MF with MSD's in NY.
Should BMWFS offer a better rate/residual at delivery, I would of course receive those terms.
I am putting down $4000.00 the dealer is awarding me for my damaged 2002 Nissan Altima 2.5s which was negotiated very hard. I already have received an insurance check for $4900.00. So my total is $8900.00 for a 6 year old vehicle that has 60K miles. I believe that is very close to dealer retail.
I know from this thread that putting money down is not the smartest, but I am willing to take that risk, due to the fact I don't feel trying to sell it on my own, and I haven't received a better offer from any garage.
Anyway, I think I did very well, and look forward to my new mad-sick ride, after test driving all the vehicles in this class. Mid life crisis solved.
Lanny
I take it the deal would not give you the $4k as a check and you had to roll it in? Otherwise, take the check and invest it...you could use it if necessary to make a payment every so often to even it out. But at least make $ on it.
Prefer BMW handling to Lexus GS but had poor service on BMW, especially at local dealership (Bob Smith) which treats you as second class unless you bought car there.
Also, while handling and related items are quite good, the I-Drive is oppressive and incompetent, and the navigation system is archaic.
535i somewhat improved on radio interface w/buttons.
My lease turn in did not go smoothly; nickel-dimed on body damage beyond any prior rental car experience. First, dealer asked if I bought it there. Why is that relevant?
--
Anyone have any ideas on getting a good deal in BMW535i in So Calif?
I don't understand why 5-series still above invoice, given competition and value out there, and the economy.
Also, I really like the service and brakes for free; but the run-flat tires don't wear well and were very costly to replace.
Still consiering Lexus GS350.
Also Infinitive G35 is incredible value, but not as much of a car.
Trying to go slow on decision and concerned about elitist BMW dealerships and unresponsive service.
It really wasn't that hard to get an "at invoice" type of deal. As long as our economy is soft, and the dealers have a stronger desire to sell there cars than we as consumers have to purchase them, I think the "deals" can be had.
One of the cars I test drove was the new Jaguar XF, They were only willing to give 1K off MSRP ( a markup of 5.5K from invoice ). My desire went down the hopper.
The Jag salesman called me tonite to check my interest again, they have only sold one since it came out 3 weeks ago.
I either pay inflated price at my local dealership or get it elsewhere.
But BMW, unlike other brands, does NOT provide loaner for warranty service, but lets dealer decide, meaning dealrs don't provide loaner unless you bought it there.
You're right about M35-- if I did that, I'd get the BMW.
G35 -- main argument for it is that it has all the features and is very, very cost-effective. But it's sightly smaller than the others and not a much car.
I'm really conflicted, because the last two years in my BMW I've had to deal with excess air conditioning that is noisy, stupid I-drive, substandard navigation, and burdensome changing of radio stations between satellite and AM. The latter corrected somewhat; the nav still archaic but with real traffic. 535i more powerful, but gas mileage down. I would have preferred a bit more powerful, and not quite the loss in mpg. G35 mileage is quite disappointing.
Also, my lease turn in experience for BMW was very disappointing.
Again, I feel I was treated poorly because I did not get the car at my local dealership where I imprudently turned it in.
--
If I go BMW again, does anyone reading this now any dealership in So Calif that would sell one at invoice, then lease it with net money factor, without markup?
There is not enough value in the BMW without trying to get a deal, because the MSRP is too inflated.
Also, my last one -- 530i -- was in the shop twice for 2 weeks+, for the same safety problem-- passenger air bag sensor.
BMW sells too many cars and cannot adequately service them. The service writers are insensitive yuppies.
Problem is I want a rear wheel drive car and don't see much in the way of alternatives.
But the I-drive shows a culture of arrogance at BMW that extends to dealerships.
I do want to praise the Internet folks at Pacific BMW in Glendale.
Problem is I want a rear wheel drive car and don't see much in the way of alternatives.
Man, you've sure been dealing with the wrong BMW dealer. Now on my third BMW, the service is comparable to my service experience with Lexus, having previously owned six of them. Maybe I've been lucky but I actually had my Lexi' in more frequently for problems.
BTW, I'm getting 27.3 mpg in mixed city/highway driving which for the performance level I'm enjoying with my '08 535, is fantastic. In contrast, with my '06 M35, I achieved only 20-21 mpg at best. Yes, the Nav. ergonomics were better than iDrive, but iDrive is improving with each generation and I have no issue with it.
If you don't want to try a different make car (than a BMW), at least find a good (BMW) dealer to enhance your experience.
But I know I'm not alone with my problem experiences -- I have friends and a cousin who have had some hassles, especially with the dealership in my area.
I'm actually considering 535i, because it resolved some key 530i problems (somewhat better NAV w/integrated live traffic; memory buttons for radio and AM-FM-satellite band-switching; voice recognition that actually works). Mileage worse than Lexus GS350 with more value, but lease terms not so great, and BMW has free maintenance (w/brakes!). Still prefer NAV and other user friendly items on Lexus, Infiniti and other alternatives I'm exploring.
As long as I can avoid my local dealer, Bob Smith BMW, I may give BMW another chance!
Questions--
(1) Given the slowness of the auto market, how close to invoice does 530i go?
(2) Does BMW offer financing deals, or just leasing deals?
(3) Other than premium, sports, comfort access, navigation, sirius satellite radio, does anyone reading this recommend any options ...especially if they are perosonally familiar with them? If I go beyond the above, I must special order:
(4) Are head-up display and night vision use mere toys or useful? (Seems odd that night vision visible only in NAV system.)
(5) Is rear door side impact airbag safe, or a threat to kids?
(6) power rear &manual side sunshades worth the money to keep the kids happy?
(7) any other options truly worthwhile and worth the money?
(8) Last time, I did 24 mo, cheaper per mo than 36. Now, 36 slightly higher. I still think 24 mo, to save buying 4 costly fun-flat tires.
(8a) FINALLY -- does anyone know what the Money Factor will be for 535i for APRIL for 12000, 24mo, 36 mo, and, possibly for 15000. If I go BMW, I could buy/lease Mon/3-31 or wait until Tues/4-1, if MF different.
(8b) IF I special order, due to other items, I'd use March MF or June MF, whichever is lower. My guess is June MF would be lower. Thoughts?
If you're having to talk yourself into the Bimmer, you may as well look at MB (and Audi for that matter). If you are taking your time as you say you are -- why not give the other Germans a serious consideration?
Good luck!
I ended up with the 535i for performance, a marginal improvement in the NAV, which I don't use that often; 6 preset memory buttons which help resolve the stupid Idriveaccess for different audio bands and stations.
I had a Mercedes briefly between the old Infiniti Q45 and anAudi A6.
I wasn't that impressed.
I test drove an Audi and it seemed under-powered, unless I went to a V8.
Curious what lease deals you guys have got recently on 528Xi's and how to decide/evaluate 'how good' the deal is.
I know the Boston papers have the following:
* 328i Convertible: $368/month with $3,800 down
* 528Xi: $378/month with $3,800 down
Though the ad said "nicely equipped" I called to find out they are base models with stick shift (stick is fine, btw). They also said the various fees would run to around $1,100-$1,500
*All leases 24 months, 10,000 miles per year with $3,800 down as cap cost reduction, plus all start up fees and taxes including 1st payment, security deposit, bank fee, documentation and registration fees. Some in stock vehicles may contain additional equipment at additional cost. Quantities are limited. Geographic restrictions apply. Pictures are for illustration purposes only. Prices subject to change in accordance with BMW factory programs. See dealer for details.
Do NOT make any cap cost reduction; if youhave an accident, you don't get it back.
If you have extra money, use it for a REFUNDABLE security deposit to reduce your money factor.
But you MUST find out what the true net MF from BMW finance is.
Do NOT accept any dealer markup.
And bank fee is $625; don't let them mark it up.
Make sure you agree on true capitalized price for vehicle.
here in Callif mine was true invoice price + $800.
here in Callif mine was true invoice price + $800."
To clarify true cap cost and true invoice, do you mean true invoice = Base Invoice + Options Invoice + Dest ($775) + Acq/inception fee ($625-825)? I.e. including any/all dealer fees you paid $800 over that amount?
$1500 24X $567 10K MILES + SIRIUS SAT OPTION 65
I'm looking at leasing either the 535i or 528i, was going through my notes from back in December 2007, for some reason I had written down some numbers which I don't remember where I got them from.
The base invoice price for the 535i was written down as $42,265, but edmunds and kbb both say $45,450 now, do you know what the difference is?
Also a big difference on the 528i, I wrote down $37,905 as the base invoice price back in 12/07, but currently edmunds and kbb both say $40,755.
Can you help me figure this out? Also, I wrote down $1k cash incentive in 12/07, is that still in effect?
thanks very much
Brian
The spread seems about right..
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