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Best Regards,
Shipo
Best Regards,
Shipo
For BMW to allow someone else to pick up the car, you have to have a strong valid reason. And I think the way they will do it is to add the relative as a co-owner of the car. Once the car is here, the relative can transfer ownership to you alone, even before any registration is done. The person picking up the car has to be on the paper work for the temporary registration and insurance in Europe.
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I was just offered an opportunity to go to Munich at the end of the month. I was considering doing an ED, but don't have enough lead time.
Does someone know of a business in Munich where one could rent an M3 or a similar vehicle. I need to get some speed out of my system while over there.
Thanks.
There may be a car in the pipeline you can jump on.
http://www.drivetravel.com/carrent/germany.shtml
Avis used to have 911 rentals in Berlin and a few other cities for about $300/day, but I am not sure if they still do. Keep in mind these luxury/sports car rentals come with mileage limitation as well.
On a leased vehicle, I assume that all discounts will only apply to the amount that is not residualized. So, if my residual is 61%, and total discount ($2500 ED and $1000 dealer) is $3500, the discount applied over the term of the lease would be $1365 total. And if I purchase the car at the end of the lease term, I would see no more of the discount. Given this scenario, I am looking at only about a $1000 discount for ED over the course of my lease, which hardly justifies paying for a lease for an extra 3 months (1 month before deliver and then 2 months waiting for vehicle to arrive) without having the car.
So I ask, why do so many people chose to do ED along with a lease? Am I missing something? Should I just buy with ED or should I lease with local delivery?
Another question related to leases: If I keep the car more than 4 years (lease or not), I would like an extended warranty. I believe that my dealer will allow me to purchase CPO if I buy out the vehicle at the end of the lease. If I purchase outright, does BMW offer extended warranties directly? Does anybody know dealer cost vs MSRP on these warranties?
So, you realize the full amount of any discount. If you negotiate a lower price, you save the full amount.
That said, a $1000 discount is not that good of a deal... Most dealers will cut bigger discounts on ED, because it doesn't come out of their allocation.
regards,
kyfdx
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am planning to purchase or lease a 328xi coupe. My dealer has offered me the standard discount for ED along with a $1000 discount off MSRP.
Don't touch that deal! The 3 series should be $1000 over Munich ED invoice. That's about 5k below msrp. go here to check the ED invoice price on a 328xi coupe - http://www.bimmerfest.com/forums/showthread.php?t=154682
You'll see the msrp on your car base is 37,100 while the ED invoice price is 31,400. That's a 5,700 difference. Add 1k dealer profit, shipping and the cost of your options now :mad: .
On a leased vehicle, I assume that all discounts will only apply to the amount that is not residualized. So, if my residual is 61%, and total discount ($2500 ED and $1000 dealer)
No. I'll give my e90 as an example. 41k MSRP. I paid 35.7k for it (36.2k was the negotiated ED price, plus $500 BMW CCA rebate). As far as BMW knows, the car's cap cost was 36.2k.
So, to figure the lease you would take the MSRP 41k and multiply that by the residual -- 41000 X .71 = $29,110
Now take your negotiated price (cap cost) and subtract the residual from it to determine how much of the car you must pay for:
$36,200 - 29.1 = 7100.
That $7,100 is the amount to be paid over my 24 month lease. Add in money factor and taxes and I ended up at $472 a month.
Additionally, BMW pays for the 2nd month of the lease. So you would pay for month 1 of your lease 2 weeks before pickup. Get the car, drive it and drop it off. Month 2 is covered by BMW, when the car is on its way to you. Month 3 is paid while the car is shipped too - assuming your ED takes 8 weeks to make it to the west coast.
Most often 2 year leases are the best deal with ED as you get the BMWCCA rebate ($500) and one month free. Also, the the residuals are usually in the 70-75% range while your cap cost is usually 85% of the MSRP, so you only pay for about 15% of the car on a two year lease.
Run the numbers using http://leaseguide.com/calc.htm and see for yourself. A 3 year ED lease is a good deal but a 2 year one is an amazing deal.
for someone like me, who gets bored easily, a new car in two years is attractive.
go to bimmerfest.com's forums and find the 3/5/7 series forum. At the top each forum is s sticky thread that contains the pricing for the cars. for instance:
Sedan pricing;
http://www.bimmerfest.com/forums/showthread.php?t=158308
coupe pricing:
http://www.bimmerfest.com/forums/showthread.php?t=154682
Use Base Price Euro Delivery Munich Pick up on the WHOLESALE page as the starting point for your car. Add your options using the pricing on the sheet.
For instance:
35i sedan = 33,110
Leather = 1320
Sports Package = 1455
Shipping = 695
Dealer profit = 1000
Total = $37,580 v. MSRP of 42,445
Be sure to add $695 for shipping and another $800-1200 for dealer profit.
Contact a dealer - ideally work off a referral - and speak to their ED specialist or the salesman you were reffered to. Explain to him that you would like to purchase a BMW via ED to be picked up on X date and you want it for X dollars over ED invoice. Give him the details, your name, number.
He will probably call you back within 15 minutes to say yes or no.
It's that easy.
The BMW site is only good for looking up the MSRP (which is handy when figuring out leases).
Find September's MF rates at http://bimmerfest.com/forums/showthread.php?t=164562
Markup for all BMW leases has a max cap of 0.0004. you can negotiate that. Mean dealers won't want to budge. Better dealers will do zero markup or 1 point.
I am new to leasing as well but I've done a fair amount of research onthe vehicels that I'm planning to lease and thanks to your very helpful post I was able to use it to negotiate a lower rate with a dealer after calling around to several dealers.
The rates that I've gotten for the BMW's my wife and I are interested in:
2007 328xi fully Loaded (except 18' wheel/tire package): $44,900
2007 335i Full Loaded: $48,500
These prices are European delivery and I'll be seeking a 24 month term with 15k miles for each one. I negotiated $1,200 profit for the dealer, which he told me he could do, but then he came back and metioned a advertising ($250 and training fee ($180) that will add $430 more to my negotiated price. Is this a fair deal or should this price have already been included in the invoice? I've spoken with several dealers who have quoted my higher prices but none of them mentioned advertising and training fees until this dealer. Please let me know your thoughts on this. Your help would be very much appreciated.
Thanks!
Check the ED forum on bimmerfest. This is covered quite often. Dealers like to pull the following tricks:
Add training fees
Add MACO
Have you pay for the lease 1 month early
Claim MSDs don't apply to ED cars
Your dealer is scamming you. Look elsewhere...
Thanks!
Anthony
One question - you mention the BMWCCA rebate. Does that automatically occur with 2 year leases or am I missing something?
Thanks
ahdanna
"Yup."
Four minutes later he called back and asked, "Are you ready to place an order right now?"
"If you agree to the price I can be there in 15 minutes, sign the paperwork and give you a deposit." He did and I did. Total E/T from the time I placed the phone call to the time the deal was done was about 75 minutes. IIRC, I placed that order in mid February for a mid April pick-up in Munich.
One of the cool things about picking up an ED car and living on the East Coast is that from the day I dropped my car off at E.H. Harms in Munich to the day I took delivery of it again here in the States was 30 days. Not too shabby. ;-)
FWIW, regarding information that shouldn't be posted, specific names of sales associates is one (and since mine is no longer there it's not relevant), and personal E-Mail addresses is another. If you want folks to E-Mail you, you should set your address to Public in your profile. In that way you allow us to mail you without the Spam-Bots fetching your address and nailing you.
Keep us posted on how your negotiations go. ;-)
Best Regards,
Shipo
ahdanna
DL
I had one day to tour around before delivering my car to the export service (but I really wish I had had a week). I went south of Munich into the castle region. Google "Romantic Bavaria". It's tourist junk, but very pretty if you've never been there before. There are lots of little inns that (in early August, probably more now) had vacancy signs. The area is great for day hikes, photo ops, and lots of really good German food. A lesson someone once told me...don't make reservations far in advance (unless you're in the midst of the tourist season). Stay at inns and B&Bs and look at the weather map on TV each day, then go where it's supposed to be sunny the next day. Ask the inn keeper for a suggestion of an inn where you're going. End up with a vacation where it never rained! Good advice.
The drop off point in Munich is in the suburbs as well. It takes at 45 minutes from downtown to get there (and expressway is badly marked). Get directrions from the concierge before you leave the hotel. There are trains that can get you from the drop off point to the airport (you need to walk around 1/4 of a mile, but the rest is public transportation). Your alternative is to drop off the car somewhere else in Europe. But that means that someone is going to drive your car (there's no charge to you) back to Munich for the trip home. If you do that really inspect your car when you drop it off and when you pick it up in the states.
Do expect it will take 6-8 weeks for the car to get delivered. Don't know why, as ours sat in NJ for 2 weeks, but them's the rules.
And enjoy Europe. The people are wonderful, the countryside beautiful and the food addictive.
Summer '07 for me!
I used Romantik Hotel chains (not really chains, since they are individual owned and run by the family) and enjoyed them. The picture below is one in Rotehnburg:
http://picasaweb.google.com/john.jbshin/Rothenburg/photo#4984361085294149650
Romantik Hotels:
http://www.romantikhotels.com/rh_hps/servlet/Assist?arg=424&module=StartPageLoad- - &lang=en_EN
In 04, my wife and I flew to Frankfurt and then to Nice where we rented a car and spent a week in Cannes having a great time wandering around the Riviera. We then flew to Munich and drank our way around Octoberfest. Picked up the car (545i), drove it around Munich a bit then took it to the shipper and colllected it a month later here in Northern Virginia.
We got half fare on Lufthansa for the flight and thoroughly enjoyed ourselves. I speak pretty good German (in fact, the hostess on Lufthansa demanded to know how an American could speak it so well)and enough French to get by. I highly recommend you get some language tapes and listen to them as much as possible before you go. True, virtually all Germans speak at least a bit of English. But you will have a much better time (and be treated better) if you can speak some of the local language. Plus it's a lot of fun and the locals will be very patient with you and pleased that you are trying.
I considered picking up the car and driving to France but opted not to. And when I saw the drivers and the narrow roads and chaotic parking in Cannes, I was glad I did.
After we shipped the car, we took the train to Paris. Very pleasant trip and, if you've never been there, you ought to see it.
In Munich, head for the Alten Stadt (Old Town). This is a very picturesque area with lots of interesting shops and restaurants. Do have a beer in the Hofbrau Haus.
And, in Munich, you are close enough to go for a drive through Austria (Salzburg is beautiful) and even into Northern Italy and make it back to Munich in a day.
If you are going to be driving your new BMW there and it comes with GPS (mine does and I love it), arrange to get a DVD with European roads on it as this will make getting around Germany and the other countries a lot easier.
My usual advice to people visiting a large European city for the first time is:
On the day you get there, just wander around the neighborhood your hotel is in. Check out the shops and try a local restaurant. And book yourself on the general city tour for the next day. This will give you a good look at the place and you can then spend the remaining days, going back to the places you found most interesting.
Have a great trip
For a variety of other reasons, the Merc is well down on my hit parade, but the BMW is not. It's still a year or three away, but picking up my new car & driving it around the alps for a week or so has a lot to recommend it.
And yes, having a portable GPS w/ the European map set makes driving in otherwise unfamiliar territory much less stressful (especially if the better half is along to watch & comment).
I want to lease a 2007 335i sedan that has a US invoice of $38,700. The BMW site says that I can get a discount of up to 7% if I take ED (minus $2,709 or $35,991). So is that the starting point for neg. with a dealer or the final number? Or can I do even better? I already have a dealer willing to give me $2k off of the MSRP for a normal delivery, so are my savings limited to $709?
I am buying in the NY/NJ area, any recommedations for dealers familar with this process?
Thanks!
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Neither. You state what you'll pay - ED Invoice plus 800-1500 (depends on what you think you can get). This dealer you're working with is trying to rip you off.
Check http://www.bimmerfest.com/forums/showthread.php?t=154682
If your pick up is Jan 15, you will make your first payment on Jan 1. BMW will make your second payment on Feb 1. Your car will probably arrive before you make 3 payment 3 on March 1.
The first opportunity I had to burn personal time on a business trip to Germany (over a weekend), I did a loop that included San Bernardino, Gotthard & Furka passes, followed the next day by a drive past Mt. Blanc. Sadly, there were many clouds, but it was still very pleasant driving.
On following trips I did several other Alpine passes, but there are many left to do. The plan is to do several (or most) of them with my own ED vehicle.
Time will tell.