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Looking for some advice and appreciative of your comments...my very faithful 10 yr old Maxima SE with 205k miles on it has, finally, come to the end of its roadlife. Looking for a used entry level luxury...I drive 30k mi per year to and from the office so want something reliable but at same time, something I want to spend time in. Pretty focused on an '06 3series but, in shopping, have come across an '04 525i at a highly rated BMW dealer. Black w/beige leather, manual, prem and cold pkg's, 35k miles...priced at $20,995, have negotiated to $19,995 but hoping I can get it for $19k. Comes w/extended warranty of 100k mi or thru Nov 2011.
I am nervous about lack of awd here in New England...would appreciate thoughts on that, too.
Any/all comments are greatly appreciated as I need to pull the trigger on something this weekend...thanks in advance.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Premium, cold weather, navi, sirius, and ipod adapter. 10K miles / year, 36 months
MSRP 59,670
Selling Price 56,900
Sales Tax 2,166
Acquisition Fee 725
BMW Rebate (2,500)
Cap Cost 57,291
Residual 36,399
Payment 745
They stuck me with sales tax on the $2,500 rebate at the last second, which was annoying but overall still seemed like a good deal. First month, security, and dmv due at signing.
Why sales tax of 2166? I thought you only pay the sales tax on the portion of the car that you lease which is just part of the monthly payment?
Why is the Cap Cost higher than the Selling price? Shouldn't they be the same?
Thanks
The capitalized cost includes all amounts that are being rolled into the lease so unless you prepay the taxes and fees the cap cost will be higher than the selling price.
check the laws in your state.
I'm being offered a nice 2007 5 series out of state (60 miles from my house).
Does anyone have any experiences buying out of state? What are the advantages, disadvantages. I would have to service the car at one of my local BMW dealers, no question. But if there's a problem with the vehicle, are they going to approach it the same way as a dealer who sold the car?
Please advise, I hate to pass up this opportunity. Also, do sales taxes apply if the car is bought out of state? Years ago, we use to go shopping in NYC because we didnt' have to pay sales tax. I doubt that's the case any longer.
Gardis
Got yours? I am considering 2007 530xi with similar package you got. Wondering how was the process of negotiation. How much did you bring the price down?
Thanks!
xdc :confuse:
No not yet. I have to get the chance to drive 55 miles, not a big deal, but with work and all, plus they don't want to talk on Saturday so that leaves the weekend out.
I always check the BMWUSA website for inventory, do you? Good luck, I missed out on two cars, someone's buying!!
I was very close to get 7.7% off MSRP for a 2006 530xi. Somebody from PA (thru internet) is willing to pay $700 more plus shipping from San Diego to there. The person even did not get a chance to look at it.
I became a loser.
XDC
2009 528i
Premium, cold weather, navi, sirius, and ipod adapter, auto, xenon, fold down rear. 23K miles / year, 36 months
Cap Cost - 51400
Bank Fee - 925
Total Cap - 52,325
Cap Reduction - 2500
Net Cap - 49,825
Residual - 27,746
Total Payment - 725.78
MSRP - 54045
Cap Reduction 2500
Upfront Sales Tax - 2026
Luxury Tax - 205
DMV fee - 254
State Inspection 7.70
Advance Payment 725.78
Other Fee (?) - 195
MF - .00145
Total Drive Off - 3422
Thanks for any help!
if you're a serious buyer. here's what i'd do.
base cap 45,940 (that's right, 15% off msrp)
cost added $925 (this is negotiable, don't buy what the dealer tell you)
current bmw money factor is .0019
residual for 36 mos is 60%
no freekin money down!
total drive off (1st month and tax) = $590.33
this is your monthly with tax = $590.33
based on 15K per year. i know you mentioned 23k, so this gives you an idea of what a good eal is based on a 15K.
MSRP 54,045
total drive off less than $600 (including 1stmonth)
monthly of $590.33
15k/yr 36mos lease
How on earth do you buy a car sight unseen, and ship it across the country! I wish I had these people's guts!!
Wouldn't or should the residual be lower for 36 mos lease since it is a high mileage lease for 23k/per year?
For the total drive off - it will be tax, first month and dmv fees - is this negotiable from what you are saying?
are you also saying the Mf is off in this deal as well?
Thank you for your time reviewing
pls help
Also, I will be turning in an '06. I know they wive the lease termination fee and new security deposit...but are they waiving a new bank fee or offering to forgive the last 2 payments if you turn in 2 months early? (My current lease is up on 5/20/2009).
Thanks!
With prem. package?
drive off = (tax/1st month/dmv fees) + down (cap reduction) + other fees you'd lilke to pay. "other fees you'd like to pay" such as bank fee are negotiable.
mf factor, check my previous post. your cap cost, negotiated price of the car, should be atleast 15% off msrp (due to today's market). it's your money, if you'd like to pay more then do it.
read this to get more leasing advise, that's if you really is a shopper and not someone who works for a dealership, he! he! j/k. you kinda sound ilke you are.
you know that your url and/or ip account can be trace and will be embarrasing for your employer if you are found an employee or affiliated to an auto dealership or manufacturer? posting to this site to give real consumers false info on the current market is against the law!
http://www.bimmerfest.com/forums/showthread.php?t=146090
package. The msrp is 55K. The best my dealer says he can do is 1450 down 650 per month with tax. Reading the above posts, this does not sound like a good deal. Any help would be appreciated.
2008 528xi
20k miles
cold weather, premium, xenon and comfort seats
33750.00 plus ttl..
What do you think?
2009 528xi, MSRP 52075
Selling Price: 47460
Sales Tax: 1294, Sales tax on cap reduction cost: 186.37
Cap Cost: 2500 (loyalty) + 162 (didnt realize they took 162 here)
12K miles, 36 months, Monthly with taxes is 530 in NJ.
Car includes, Premium, Cold Weather and Ipod adapter.
Initial Title Fees: 20
Initial Reg Fee: 87
Acq Fee: 725
Supp TIltle Fee: 189.84
Doc Fee: 239 (too high)
Total Fees: 1953.23 including the first month payment.
I thought the fees were higher by roughly 200 bucks? What do you guys think?Also if they are going to use the same plates from my lease returned car, should the fees be less.
Thanks,
$55 OTD , 2008 550i (sport, nav, and a few other small options), 3K miles, one owner
Original MSRP was 70K
Thoughts? Comments? I am also seeing some 2008 brand new with 10K-15K off MSRP
btw, when is the new 5 series coming out?
Any known reason why the owner is selling his brand new car?
2009 535
Sport
Premium
Comfort
Power Sunshades
Heated Seats
Park Distance
Navigation
Sirius
iPod
MSRP is $62,300
Selling to me for $59,310
From what I can see this is about $500 over invoice which seems reasonable.
I also have $3200 rollover on an X3 that is figured into the deal
$859 / month 36 months Taxes included, Only first payment down.
My issue is that it has the old i drive. Is it likely that doing ED on a new 2010
with same options and saving the 7% that I will get a better deal?
Thanks
MSRP 53,075
includes, premium, cold weather, comfort access, navigation and ipod
Cap - 48,100
BMW Financial cash back (everyone gets this) -$2500
adjusted cap - $45,600
58% residual, 0.00175 money factor, 6% maryland taxes,
$699.55 a month, 15k miles per, 36 months
Only first month and $725 security deposit due at signing.
I dont think you can get the car much cheaper. I basically had the same offer from 3 dealers in Maryland and Virginia after several days of haggling. Had one dealer tell me this deal wasn't possible and tried to tell me I was getting a 3 series instead. Had another dealer tell me that I had to pay taxes and was getting screwed when I showed up.
I also got two sweet new BMW keychains.
Got the car from Tisher in Silver Spring....BMW Sterling VA and Northwest in Baltimore were the other two that offered the same deal on identical cars.
I am considering a BMW 5-series purchase. I am torn between new a CPO.
My local dealer has a 2007 CPO with 30k miles. It is a 530i with Premium, Sport, Nav, and Cold Weather. The color is black with terra interior, multi-contour seats. The condition is great, but not perfect. There is a light scratch in the passenger side dash, about 3" long that I am not thrilled about. They want $38,700 for the car, and don't seem willing to work with the price at all. In this economy, that seems ridiculous to me. What do you guys think is a fair price?
Also, generally, what % off of sticker price should I expect to be able to negotiate on a loaded 528i or 535i, with the 0.9% apr special. This dealer says they can go up to 5% off of sticker. Is this reasonable? I know someone who just got a brand new loaded Jaguar XJ8 for $20,000 below sticker. Is this dealer jerking me around, or does BMW just not discount their cars anymore?
Please help me make some sense out of this. Thanks!
Search the internet and ebay for CPO cars. there are a TON of 530is out there. You can find a perfect one for low 30s I am sure.
Good luck.
based on your adjusted cap of 45.6K and info you've provided bout your lease, your monthly should be $577.94 (including tax).
Was there add'l cost added to your lease? Looks like $3,900 was added, are you sure you got the $2500 cash back? Something is very wrong with your $700 monthly. I'd re-check your lease contract, but unfortunately if you already signed and took the car home it's too late.
Plug a maryland zip code into the edmunds lease calculator (20707) and you'll get the $699 number.
I know a dealer in NJ that let one go just like the above with only 20K miles on it for low $30's. I'm still kicking myself.
Good luck, let me know how you make out, CT here.
Gardis72@gmail.com
I'm looking a 2007 530i, with sports.
Thanks
I need some guidance. I just saw a beautiful car, CPO at the dealer. Actually the car is listed on the website, but was not on the lot. So I spoke to the internet sales manager, and the car was still in the process of being certified, so he brought me to show the car to me. Here's details:
2007 530XI
SPORT, premium, cold, bluetooth
Black Sapphire with Auburn
Warranty: 4 year to FEB 2011, extended warranty to FEB 2013
Mileage: 23K
ASKING PRICE $35,659
He is going to let me know when it's fully conditioned and let me drive it. I'm not sure about the all wheel drive. Is that good or not good? It has the usual 5 series rims, which I was disappointed because usually Sport pkg comes with sport rims. He explained why (something to do with all wheel drive, 18" wheels, etc). But the warranty is good, and the mileage is low. I just feel that price is a little on the high side.
Any comments? I can't wait to drive it. It had one owner, the dealer leased it to him for 2 years. No incidents with the car at all.
I'm in CT
Gardis - CT
For example, I bought a 2007 550i loaded in late Jan. Same situation with 1 owner, 2 year lease. My car is loaded but with 35k miles. Asking $40k bought for $35k. $70k car new.
Ask $30k. Imo
One dealer has 2007, 525i, 14k mi. list price was $34,500k, then he dropped to $30,900 pretty quick. black/black
Another dealer, 2007, 525i, 22k mi, list price $31,995k, haven't furthered my discussion yet. gray/black.
I still feel that these prices are high given the car is pretty much a base model. Your thoughts on an offer? I'm not trading-in or using their financing. This will be a straight forward deal.
Also, what is the philosophy around the dealer fees?$495-$595.00 Has anyone had success if getting those waived.
Thanks