I live in Atlanta, GA and I have an offer on a 328i sedan--automatic, premium, heated seats, with metallic paint. MSRP is $38,675 Offer is $37,475 Residual is 64% MF--don't know, but from what I've been reading should be .0014 without security deposit, or .00125 with deposit--is that right? Payment at signing--$1700--includes 1st month, and all the fees--no security deposit Payment $491/month
Is this a good deal? Should I be able to get a better offer than $1200 under MSRP?
Now, this was a little bit too high for my taste, as I would like to get it around $550 with only $2300 in total drive-off. I'm looking to move up from my G35 Coupe, which I think is going to end up costing me more in the long-run, with maintenance costs and the declining value due to the 2008 model-year re-design.
So, with all said and done, I'd be keeping the same payment but having a much nicer car, and walking away with $4500 in cash. I will also not have to allocate $100 per month to maintenance costs for the G35. But, I will miss out on roughly $11,000 in vehicle equity in three years on the G35 Coupe.
Does this look like a good deal? I'm really trying to push to get my payment to around $550 without contributing any more. I feel weird paying more to lease the 335 than I was paying to own my G35 Coupe. Also, how can I determine whether the $25,300 they are offering for my car is fair?
I got a quote for a new 328xi Wagon today and the money factor in my quote is much, much higher than what I am seeing in this forum.
On a $43,800 car with $1500 down, over 36Months, 10K miles, the MF is 0.0028.
It seems like the MF might depend on credit rating, but I wasn't asked any questions about that. Is this something that needs to be negotiated down as well? Why, oh why does buying a car have to be such a drag. I can't wait until Amazon is able to sell cars.
Looks pretty good - ~$2500 off MSRP, I am not getting even close to that in AZ. You may still have some wiggle room on the MF, since buy rate is .0016, but that will depend on the dealer (you are already getting a load off of MSRP).
Do you mind if I contact you directly via email with a question - the edmunds system is down? - rmbrown66@hotmail
That is not a very good deal. Typically, the 328i sedan is going for $500 over invoice and the MF is at the buy rate of .00125 or perhaps you need to put down a security deposit to get that rate. Certainly not .00165. The acquisition fee should be $625, also the buy rate. Factor all of that in and your payments should be considerably lower.
I sent out three e-mails to three dealers in my area. the first two were out there. The third was from a dealer that I visited and spoke to the salesman who was extremely friendly and did not push at all. By far the most pleasureable experiance I have ever had in a dealership, and I have bought three new cars and leased one. So I know how miserable one can be in a dealership. I e-mailed him with what I was interested in. This was his price. 2007 328i sedan, sport pkg, auto, xenon, pdc, prem pkg nav, heat seats and satell radio. MSRP of $44120, sale price of $42620, $2500 dwn + fees, .00125 mf, res val of $27795(63%), $482 month, 36 months, 12000 miles per year. I am still going to clarify the "fees", but what do you think?
In your experience, do you notice whether some months are better than others in terms of when residual values and MFs seem to be their best?
December obviously seems to be an obvious month, when all the manufacturers are throwing crazy money around. But what about the other months? All equal? Some better than others? Some to avoid?
Is anybody else about to embark upon their first auto lease? I've always purchased my cars, but for the first time, I'm considering leasing. It looks good on the surface level: I'm getting a nicer car for the same payment I'm currently making, I'm walking away from the dealership with cash in hand, and I won't have to worry about repairs or maintenance for the next three years.
But, the one thing I keep going back to is the fact that I'm LOCKED in to a payment for 36 months. I know this is nothing when compared to mortgages, but still. What if something unforseen happens and I can't afford the payment? If I purchased the car, I could simply unload it with some positive equity. But with a lease, I don't really have that luxury.
I'm not saying I'm deterred from leasing, just voicing some concerns I've had in hopes you guys can strike some reason into me.
Which brings me to my favorite piece of advice about leasing.. If you can't afford to buy the car, then don't lease it. Because if for some reason, you need to get out of that lease, you will essentially have to sell the car to do it.
So.. if you can afford to buy a $40K car, then leasing may be an attractive alternative. But, if you can only afford to buy a $25K car, then leasing a $40K for the same payment may be more than you can afford.
Good point. Everytime I think about purchasing a car, I put it through an ownership cost analysis I build in Excel. In this case, I compare how much I will spend on a BMW lease, versus how much I would spend if I keep my G35. Now, a big part of this number is the value of my G35 at the end of the comparison period, since that's essentially the amount of equity in the car.
So that leads me to my next question: If a car is typically depreciating 10% per year, how much will it depreciate when the new model comes out? The 2008 G35 Coupe will be out in October, and I am wondering how much more my car's value will drop when it's released. If I look at the Lexus IS250, they were declining about 8-9% per year, and when the new model came out, they dropped by about 30%.
I'm not sure if that scenario will apply to my car, however.
Can someone tell me where i can get the best deal for with a 328xi or a 335i coupe in NY. Below are the specs, thanks.
328xi or 335i Black Sapphire Metallic with coral red dakota leather Sports Package Steptronic 18" Wheels Park Distance Control Premium Package Front Heated Seats Comfort Access Active Cruise Control BMW Nav with iDrive Ipod/USB Adapter
I'd like to put minimal money down and the payment (if possible) to be around mid 500s.
Hi, I would like some advice on the following sedan lease, as well as what I should expect on a coupe lease.
Sedan: 328i with metallic paint, premium, navigation, satellite radio 36 months/12,000 miles
MSRP 40,575 Negotiated price 39,950
Out of pocket 4464.67 includes $2500 deposit and fees (no acquisition fee but 599.50 dealer fee)
Monthly payment $450.70 ($425.19 + 25.51 tax)
I am really wanting the coupe more, or adding sports package to the sedan. I am finding it difficult to negotiate on the coupe due to limited supply - what are others finding? What should I expect to pay on a lease for a coupe at 42,500 MSRP or one at 45,500 MSRP.
The advice I've read on here says not be sure they give you the buy rate and not mark up the acq. fee.
Dealer quoted me .00160 MF and $725 acq. fee. I know these are marked up .00035 and $100. I mentioned this and he said "the finance people have to make money," and "we have to mark that (acq. fee) up a buck. I can talk to the manager, but...."
1. How do I effectively counter this? What should I say when they make these statements?
2. Has the delivery fee been increased or is he marking this up too? He quoted me $770
3. How much MF increase is a waiver of the security deposit worth?
I noticed that dealers are tricky with this. For example I'll ask for a price with Y configuration and $X down, then they'll give me a monthly quote (incl. tax), then I'll ask for another with Z configuration and still same $X down and the monthly will be just slightly higher than previous then later found out that this time the monthly did NOT include tax - I think they're good enough to skew it to their advantage so make sure you ask every time you get a new or revised quote.
Found this site after I have already ordered my car, but I'm curious to know if I got a decent deal or if I have to go back to the table. Here are the specs. & numbers. Any help would be greatly appreaciated. Thanks
2007 328i Coupe Alpine White Power Seats w/ Memory Navigation System Leather Destination: $695 Total: $39,090
Purchasing in Maryland 36 months 15K per year $438.97/month Down payment including first month: $5,475
I think you're paying about $1000 too much for the car. You could probably shoot for $2500 under MSRP, which would be around $38,050. Also, I wouldn't recommend putting down $5475 on a lease. That seems a bit excessive.
You would need to put down about $4500, which would reduce your cap by about $2800 or so (this is a rough estimate). This would give you payments of around $435 or so. But, again, you do not want to be putting this much down to reduce your cap.
Think about it. Let's say you only put down $2400 rather than $4500. That gives you an additional $2100 in cash at signing in your pocket. Your payment would go up to $500, which is $65 higher than the example I quoted above. Therefore, you would be paying $2340 more in payments over the 36 months of the lease. Now, if you keep that $2100 down and invest it at a modest 8%, you would have $2645 at the end of your lease. Not to mention, provided you are earning that interest in a somewhat liquid account, you have an emergency fund to make payments on your vehicle should something unforseen take place.
I know the higher payment is more intimidating, but provided you can afford the $65 additional per month, it's a financially wise decision. If you can't afford the extra $65, you may want to ask yourself if you can really afford to lease this vehicle.
Wow thanks so much meddlingkids. That's what I wanted to know. Wanted to make sure that the numbers at least were consistant with making a higher down payment and reduction of the monthly. But what you said put things in much better perspective. Thanks again.
I think $2,700 below MSRP on a coupe is a good deal. They are still marking up the MF .00015. Not sure how you get $569.52; I get $549.87. What state/dealership is this lease?
He added the bank fee of $625 into the lease, I wanted to pay the least that I could to get out the door with it.
He is a dealer in Southern California.
I just emailed just about every dealership within a 200 miles, and sent them my offer and if they could do it let me know. I think only 1 out of 35 dealers took me up on this, but all it takes is one.
This seems like a really good deal - I'm also in Southern California (orange county) looking for a similar vehicle. Can you let me know which dealership offered you this pricing?
My husband and I live in DC metro area. We are interested in a 328i sedan with manual transmission, cold weather, premium, navigation, and XM radio (not Sirius - baseball fans)
Dealer offer is MSRP of $39,525. S.P. of $37745 Lease pmt of $532 with total of $1073.72 up front based on DC residence and 10k miles per year.
BMW of Palm Springs - PM me for the Fleet & Internet Sales Manager name & email, he has been there since 87. Took 3 emails and he sold a car. I had 50+ emails with Irvine, and still confused by all the numbers that didn't add up. With the numbers that Palm Springs gave me I was only off by a penny. Others were way off using the numbers they gave me.
I've been looking at a demo 328i with 11k miles. The car has premium pkg, upgraded audio, cold weather pkg and metallic paint. MSRP comes on the BMW site is $40,375. I was quoted an MSRP of $39,900.
This is in Philadelphia, but I will be registering in Florida (7% tax). I don't know the specifics of the deal yet, but I asked for under $4000 out of pocket and under $400/mo including tax with 12k miles.
I was originally asked for $2500 down ($4300 out of pocket) and $488/mo.
Should I be going even lower? I don't know how the "standard" rules apply since this is an 07 demo unit with 11k miles.
I sent them an offer for this car for invoice + $500, and he replied with no problem, no back and forth crap. You can contact them here http://www.bmwps.com/MiscPage tell the Fleet & Internet Sales Manager I sent you.
I wanted to see about a Z4 from this dealer, but can't get any 2007 Z4 info from the posts here or in the Z4 section of the site. Carman/Will, can you guys help?
I'm prefer to keep my monthly payments low and was offered the following by a dealership here in Phoenix. It is a 2 year/10,000 mile per year lease.
MSRP: $34,925.00 (based on Edmunds w/ 6-Speed Auto/Metallic) Price offered $32,925.00 Down Payment: $3,000.00 Acquisition fee: $825.00 (this appears to be high) Doc fee: $259.00 Money factor: .00125 (not confirmed-see next) Residual value: 71% (not confirmed-I'm basing this on the March lease rates w/ 12,000 miles) Security: $300.00 Plates: Approx $600.00 Payments: $265.00/month + tax
We are talking $3,000 down + approx $2300 out the door. A LOT I know. But if you could please let me know your thoughts ASAP it would be appreicated. I'm looking to close on a deal by March 31. Thank you!!!
Due to a change in careers, I am being forced to purchase a larger vehicle. I am currently leasing a 2006 BMW 330i with the Premium Package, Cold Weather Package, Sport Package, Rear Park Distance Control, and Automatic Transmission (the car has almost every option other than navigation). The car is Black Sapphire (metallic black) with Black Dakota Leather and is in perfect condition. I have 16 payments (BMW Financial) remaining of $445 per month (plus applicable taxes). I am looking for a down payment of $2,000 to take over the lease.
Hi theasker1. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.
For now I can tell you that dealers never seem to be willing to discount demo vehicles enough for my personal taste. I would rather purchase a brand new car over what essentially is a low mileage used vehicle unless there is a significant difference between their prices.
Hi toro1. tcn2k is correct. Vehicles' residual values are based upon a percentage of their full MSRPs including the destination charge and the MSRPs of any options that can be residualized. The selling price that you are able to negotiate has no impact upon your car's residual.
Comments
Offer is $37,475
Residual is 64%
MF--don't know, but from what I've been reading should be .0014 without security deposit, or .00125 with deposit--is that right?
Payment at signing--$1700--includes 1st month, and all the fees--no security deposit
Payment $491/month
Is this a good deal? Should I be able to get a better offer than $1200 under MSRP?
Any advice would be appreciated!
Cheers!
RB
2007 335 Sedan
Steptronic w/Paddle shifters
Premium Package
Sport Package
Metallic Paint
Term: 36 months/15,000 miles
MSRP: $45775
Price: $44200
Drive-Off: $3300
Cap Reduction: $1480
Invoice Price: $42720
Money Factor: .00175
Residual Value: 61%
Total Payment: $575/month
Now, this was a little bit too high for my taste, as I would like to get it around $550 with only $2300 in total drive-off. I'm looking to move up from my G35 Coupe, which I think is going to end up costing me more in the long-run, with maintenance costs and the declining value due to the 2008 model-year re-design.
So, with all said and done, I'd be keeping the same payment but having a much nicer car, and walking away with $4500 in cash. I will also not have to allocate $100 per month to maintenance costs for the G35. But, I will miss out on roughly $11,000 in vehicle equity in three years on the G35 Coupe.
What do you all think?
I do not know your tax rates, but just looking at the numbers I think you are getting great deal
Can you post the 30 month rate and residual for a 2007 328xi coupe lease thru BMW financial...thanks...Tom
335 Sedan
Steptronic w/ Paddles
Silver Metallic
Premium Package
Sport Package
Park Distance Control
Lease Term: 36 Months/15,000 miles
MSRP: $46125
Price: $43700
Drive-Off: $2900
Cap Reduction: $1080
Invoice Price: $42620
Money Factor: .00175
Residual Value: .61
Payment $572.19
Does this look like a good deal? I'm really trying to push to get my payment to around $550 without contributing any more. I feel weird paying more to lease the 335 than I was paying to own my G35 Coupe. Also, how can I determine whether the $25,300 they are offering for my car is fair?
Thanks!
On a $43,800 car with $1500 down, over 36Months, 10K miles, the MF is 0.0028.
It seems like the MF might depend on credit rating, but I wasn't asked any questions about that. Is this something that needs to be negotiated down as well? Why, oh why does buying a car have to be such a drag. I can't wait until Amazon is able to sell cars.
328i sedan, manual transmission, metallic paint
MSRP 33570, Neg price 32770 ($800 less than MSRP)
MF .00165 (BMW March rate 0.00125)
10K mi, 36 month, 64% residual
Acquisition fee 825, document fee 50
Down payment first month payment only
$449/month
Also, I am turning in a 2004 325xi w/ Sport, Xenon and only 21K miles. Can I use this as leverage in negotiations?
Do you mind if I contact you directly via email with a question - the edmunds system is down? - rmbrown66@hotmail
good luck!
Thanks,
Will
In your experience, do you notice whether some months are better than others in terms of when residual values and MFs seem to be their best?
December obviously seems to be an obvious month, when all the manufacturers are throwing crazy money around. But what about the other months? All equal? Some better than others? Some to avoid?
Curious...
Thanks!
But, the one thing I keep going back to is the fact that I'm LOCKED in to a payment for 36 months. I know this is nothing when compared to mortgages, but still. What if something unforseen happens and I can't afford the payment? If I purchased the car, I could simply unload it with some positive equity. But with a lease, I don't really have that luxury.
I'm not saying I'm deterred from leasing, just voicing some concerns I've had in hopes you guys can strike some reason into me.
Which brings me to my favorite piece of advice about leasing.. If you can't afford to buy the car, then don't lease it. Because if for some reason, you need to get out of that lease, you will essentially have to sell the car to do it.
So.. if you can afford to buy a $40K car, then leasing may be an attractive alternative. But, if you can only afford to buy a $25K car, then leasing a $40K for the same payment may be more than you can afford.
For exactly the reasons you gave.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
So that leads me to my next question: If a car is typically depreciating 10% per year, how much will it depreciate when the new model comes out? The 2008 G35 Coupe will be out in October, and I am wondering how much more my car's value will drop when it's released. If I look at the Lexus IS250, they were declining about 8-9% per year, and when the new model came out, they dropped by about 30%.
I'm not sure if that scenario will apply to my car, however.
328xi or 335i
Black Sapphire Metallic with coral red dakota leather
Sports Package
Steptronic
18" Wheels
Park Distance Control
Premium Package
Front Heated Seats
Comfort Access
Active Cruise Control
BMW Nav with iDrive
Ipod/USB Adapter
I'd like to put minimal money down and the payment (if possible) to be around mid 500s.
Sedan: 328i with metallic paint, premium, navigation, satellite radio
36 months/12,000 miles
MSRP 40,575 Negotiated price 39,950
Out of pocket 4464.67 includes $2500 deposit and fees
(no acquisition fee but 599.50 dealer
fee)
Monthly payment $450.70 ($425.19 + 25.51 tax)
I am really wanting the coupe more, or adding sports package to the sedan. I am finding it difficult to negotiate on the coupe due to limited supply - what are others finding? What should I expect to pay on a lease for a coupe at 42,500 MSRP or one at 45,500 MSRP.
Thanks in advance!!
328i Sedan black/black, sport, premium, Steptronic, Nav w/iDrive
MSRP $41900
Selling price: $40400
63% residual: $26816.00
MF: .00140
For 36 months, 10k miles, $3800 down: $445.75 mth
$3800 BREAKDOWN:
$445.75 first monthly payment
$305 DMV license fee
$28 DMV Electronic Filing Fee
$8.75 tire fee
$825 bank acquisition fee
$55 doc fee
$153.38 cap reduction tax
Total inception fees: $1820.88
Customer cash as cap reduction: $1979.12
AND
328i Coupe black/black, sport, premium, Steptronic, Nav w/iDrive
As built, the MSRP $44200.
Selling price: $42900
60% residual
MF: .00140
For 36 months, 10k miles, $3800 down: $520
The advice I've read on here says not be sure they give you the buy rate and not mark up the acq. fee.
Dealer quoted me .00160 MF and $725 acq. fee. I know these are marked up .00035 and $100. I mentioned this and he said "the finance people have to make money," and "we have to mark that (acq. fee) up a buck. I can talk to the manager, but...."
1. How do I effectively counter this? What should I say when they make these statements?
2. Has the delivery fee been increased or is he marking this up too? He quoted me $770
3. How much MF increase is a waiver of the security deposit worth?
Thanks for your help!
2007 328i Coupe
Alpine White
Power Seats w/ Memory
Navigation System
Leather
Destination: $695
Total: $39,090
Purchasing in Maryland
36 months
15K per year
$438.97/month
Down payment including first month: $5,475
Thanks again.
Would like your feedback on this offer, planning to close tomorrow-
328i Sedan
Lease- 36 m/ 10,000 miles
Automatic + premium package+metalic
MSRP -$38,175
Offered price -$37,000
Money down -2500+tax+ttl
Security -400 + 1st month 387
MF -0.0014 or 3.36%
Residual -64% of MSRP
Monthly payment -$387
No acquisition fees –per dealer included in price $825
Is it a reasonable deal?
Also, I’m concerned the dealer will play around with MF once we come to close , he did not check my credit yet .
I don’t think I will have a credit issue ,as I think BMW has a GO/no GO policy only
thx
328i Coupe w/STEPTRONIC, Premium, Sport, Comfort & Navigation
MSRP: $44,200
Sell Price: $41,465
36mth / 12k/yr
Res. 60%
MF: .00140
Out the door: 957.75
Mth: $569.52 includes tax of 7.75%
Think about it. Let's say you only put down $2400 rather than $4500. That gives you an additional $2100 in cash at signing in your pocket. Your payment would go up to $500, which is $65 higher than the example I quoted above. Therefore, you would be paying $2340 more in payments over the 36 months of the lease. Now, if you keep that $2100 down and invest it at a modest 8%, you would have $2645 at the end of your lease. Not to mention, provided you are earning that interest in a somewhat liquid account, you have an emergency fund to make payments on your vehicle should something unforseen take place.
I know the higher payment is more intimidating, but provided you can afford the $65 additional per month, it's a financially wise decision. If you can't afford the extra $65, you may want to ask yourself if you can really afford to lease this vehicle.
I think $2,700 below MSRP on a coupe is a good deal. They are still marking up the MF .00015. Not sure how you get $569.52; I get $549.87. What state/dealership is this lease?
He added the bank fee of $625 into the lease, I wanted to pay the least that I could to get out the door with it.
He is a dealer in Southern California.
I just emailed just about every dealership within a 200 miles, and sent them my offer and if they could do it let me know. I think only 1 out of 35 dealers took me up on this, but all it takes is one.
Thanks in Advance.
Dealer offer is MSRP of $39,525.
S.P. of $37745
Lease pmt of $532 with total of $1073.72 up front based on DC residence and 10k miles per year.
Is this a decent offer?
Residual Value
Money Factor
Term:
Sales Tax:
Plug them into >>> http://www.leaseguide.com/calc.htm
This is in Philadelphia, but I will be registering in Florida (7% tax). I don't know the specifics of the deal yet, but I asked for under $4000 out of pocket and under $400/mo including tax with 12k miles.
I was originally asked for $2500 down ($4300 out of pocket) and $488/mo.
Should I be going even lower? I don't know how the "standard" rules apply since this is an 07 demo unit with 11k miles.
Thanks.
MSRP - 41075
Sales Price - 39200
Total Down at Signing (includes tax, title, etc.)- 3,000
15k/year - 36mo
$555.00/mo
Is this a decent deal? Any advice would help.
Thanks!!
Just wanted to post my final deal that I made with BMW of Palm Springs with no hassle at all!
07 328i Coupe - Black on Black
Automatic
Premium Package
Sports Package
Comfort Access
Navigation System
MSRP: 44,290.00 /w 90 BMW mats
Bank Fee: 625
Residual: 60%
MF: .00014 (marked up a bit but fair)
Sale Price: 41,465.00
Monthly Payment + 7.75% tax = 569.52
License & Registration: $339.75
Documentation Fee: $45.00
First Payment: $569.52
Security Deposit: $0.00
Drive Off: $957.75
I sent them an offer for this car for invoice + $500, and he replied with no problem, no back and forth crap. You can contact them here http://www.bmwps.com/MiscPage tell the Fleet & Internet Sales Manager I sent you.
Thank You,
Will
can anyone comment on this offer? is it a good offer? is it negotiable? if i wanna add more options? how can i leverage this offer?
i would apologize if similar questions had been posted before.
I'm prefer to keep my monthly payments low and was offered the following by a dealership here in Phoenix. It is a 2 year/10,000 mile per year lease.
MSRP: $34,925.00 (based on Edmunds w/ 6-Speed Auto/Metallic)
Price offered $32,925.00
Down Payment: $3,000.00
Acquisition fee: $825.00 (this appears to be high)
Doc fee: $259.00
Money factor: .00125 (not confirmed-see next)
Residual value: 71% (not confirmed-I'm basing this on the March lease rates w/ 12,000 miles)
Security: $300.00
Plates: Approx $600.00
Payments: $265.00/month + tax
We are talking $3,000 down + approx $2300 out the door. A LOT I know. But if you could please let me know your thoughts ASAP it would be appreicated. I'm looking to close on a deal by March 31. Thank you!!!
Mark
Car_man
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For now I can tell you that dealers never seem to be willing to discount demo vehicles enough for my personal taste. I would rather purchase a brand new car over what essentially is a low mileage used vehicle unless there is a significant difference between their prices.
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