Question regarding purchasing a 2015 BMW 640i

drud0616

I am in negotiation with a dealership in Ft. Lauderdale regarding purchasing a 2015 BMW 640i. I am currently leasing a 2015 BMW 428i which which will be up in 4 months (leaving approximately $2300 left on the lease). Dealership is giving me the following numbers which to me seems high. Just want to know your opinions on what you guys think about this?

MSRP: 46,991
Discount: 519
Adjusted/Total Price: 46472

Trade Allowance: 22000
Trade Difference: 24472

Deal Admin fees: 649
Tax: 753.63
Non tax fees: 89

Net price 25963.63
Trade Payoff: 28537.55
Balance: 54501.18

Of note, The 640i Details:
BMW Certified, MILES 32,011
Nav System, Moonroof, Heated Leather Seats, Satellite Radio, Back-Up Camera,M SPORT PACKAGE, M SPORT EDITION
Contrast Stitching, harman/kardon Surround Sound System, Increased Top Speed Limiter, Anthracite Alcantara Headliner,M Sport Package (337), M Sport Edition (7MH), Front Ventilated Seats, Power Rear Sunshade & Rear Side Windowshades, 4-Zone Automatic Climate Control, Automatic High Beams, Head-Up Display, Aerodynamic Kit, Multi-Contour Seats, Wheels: 19" x 8.5" Fr & 19" x 9.0" Rr (Style 351M) Light alloy double-spoke, Tires: P245/40R19 Fr & P275/35R19 Rr Perf Run-Flat,

Unlimited Miles for 1-Year plus the balance of original new vehicle warranty (4-Year/50,000-Miles)

kyfdx

drud0616 said:

I am in negotiation with a dealership in Ft. Lauderdale regarding purchasing a 2015 BMW 640i. I am currently leasing a 2015 BMW 428i which which will be up in 4 months (leaving approximately $2300 left on the lease). Dealership is giving me the following numbers which to me seems high. Just want to know your opinions on what you guys think about this?

MSRP: 46,991
Discount: 519
Adjusted/Total Price: 46472

Trade Allowance: 22000
Trade Difference: 24472

Deal Admin fees: 649
Tax: 753.63
Non tax fees: 89

Net price 25963.63
Trade Payoff: 28537.55
Balance: 54501.18

Of note, The 640i Details:
BMW Certified, MILES 32,011
Nav System, Moonroof, Heated Leather Seats, Satellite Radio, Back-Up Camera,M SPORT PACKAGE, M SPORT EDITION
Contrast Stitching, harman/kardon Surround Sound System, Increased Top Speed Limiter, Anthracite Alcantara Headliner,M Sport Package (337), M Sport Edition (7MH), Front Ventilated Seats, Power Rear Sunshade & Rear Side Windowshades, 4-Zone Automatic Climate Control, Automatic High Beams, Head-Up Display, Aerodynamic Kit, Multi-Contour Seats, Wheels: 19" x 8.5" Fr & 19" x 9.0" Rr (Style 351M) Light alloy double-spoke, Tires: P245/40R19 Fr & P275/35R19 Rr Perf Run-Flat,

Unlimited Miles for 1-Year plus the balance of original new vehicle warranty (4-Year/50,000-Miles)

Why trade out four months early? They are sticking you with the lease payments, effectively. You might as well flush $2400 down the toilet.

drud0616

You're absolutely right. My plan is likely to wait since I'm not too fond of "flushing the money down the toilet." Since this will be the first used car I am purchasing, this is mainly an exercise and I'd like to learn from more experience folks. If we set aside the $2300 loss in trading the car in early, would you consider this as a fair deal?
The balance would therefore be $52201.

kyfdx

drud0616 said:

You're absolutely right. My plan is likely to wait since I'm not too fond of "flushing the money down the toilet." Since this will be the first used car I am purchasing, this is mainly an exercise and I'd like to learn from more experience folks. If we set aside the $2300 loss in trading the car in early, would you consider this as a fair deal?
The balance would therefore be $52201.

I don't track pricing for used cars. Plenty of on-line websites to check the price (including this one)

You can get an independent opinion, here:
https://forums.edmunds.com/discussion/1212/general/x/real-world-trade-in-values

Be sure to post a full description of the vehicle.

drud0616

Thank you for your help!