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Comments
Now, a base 328i with only automatic transmission has a MSRP of $35,400. A good price will be $33,200, which is roughly $500 over dealer invoice. With that and using the current residual of 63% and 0.0022 money factor for 3-yr/30k miles lease, the monthly payment would be $424.83 before tax. If you live in a state with 6% sales tax, the $450 tax-included quote of monthly payment is about right.
Again, the above is assuming no cap cost reduction. If the $2,000 is indeed for cap cost reduction (and you have to pay extras to drive off), then the monthly payment should go down to $364.87 before tax. In this case, the $450 quote is a rip-off.
Do you think I should take the deal or should I negotiate more?
Would you mind sharing the dealer where u bought this from ?
Thanks
Would you mind the Dealer INfo ??
Thanks
-Purchase price of the car
-Balloon payment
-Monthly payment
And also, where is the best place to educate myself so I walk into the dealership with information and not a blank stare on my face? Thanks
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
To educate yourself about price, look at Edmunds' invoice price with the options you want. You can look at KBB.com too. Be wary of Edmunds' TMV price because I know for a fact that this price is way over what you can get from a dealer. You can easily get close to invoice, and not more than $500 over.
Re: Balloon payment, be careful because I think they get you with high interest. To calculate monthly payment, go to bankrate.com and use the auto loan calculator, after you enter down pymt., and interest. Not sure about Select Program.....
Sorry for late reply. Yes, the price out the door after the $2,500 rebate (towards down payment, and added to my down payment), was $39,800, before interest on my payments (60 month loan at 3.9%).
What did you end up getting?
Auto
Premium and Cold Weather package
ipod Adaptor
MRSP - 45600
$3500 total down
$526/month
For the same car at a dealership 75 miles away I was quoted
$3500 total down
$514/month
The dealership closer to me won't budge anymore, but for service it would be a lot more convenient.
Premium + Navi
$2,300 Down
$465 + Tax / Month
3yr/36k Miles Lease
Is this a good deal?
Thanks.
Thanks!
2007 328i 4 Door
Premium pkg
Sport pkg
Xenon lights
Sat radio
Certified
19,000 miles
I know they have a $499.00 processing fee for sure.
Seems like a really good price especially for the mileage as well.
I am open for opinions.
I bought the car at Athen BMW. It is about 50 miles of Atlanta. I hope that help!
This is an interesting offer from BMW-
I saw this article today and added my thoughts to the blog discussion that follows the article-
http://www.autospies.com/news/BMW-Launching-Direct-Strike-On-Current-Audi-Owners- -Is-THIS-Enough-To-Make-Them-Defect-52067/
Abstract- Last week the Spies brought you the latest ad campaign from Audi, which directly targeted BMW's three recent losses in Car and Driver to Audi's S4, A6 and Q5.
But look what we have here. Arriving in a little birdie's mailbox was a recent BMW deal targeting current Audi owners. It is a $1,500 credit that can be combined with any other BMW offer currently going on.
I added to the blog-
I find this comparison interesting since we just purchased a 2010 BMW 328ix wagon. We pick it up this week. I wonder if I will get the $1500 rebate since I am replacing a 2000 A4 Avant Quattro even though I already paid for the car.
I probably would have purchased another A4 Avant quattro IF Audi OFFERED A MANUAL TRANSMISSION in 2010. What is Audi thinking by discontinuing manual transmissions in their A4? We loved the A4 avant quattro for 10 years but I need to manually shift my car. Few cars are still offered with a manual transmission (Subaru outback, BMW, Volvo V-50)
I will be happy with the BMW 328ix.The 6-speed is fun. The panaramc sunroof is great and leather came free. It seems very tight and I am sold on the free 4 year maintenance with BMW. I also purchased the extended 10 year warranty and a 7 year warranty on the drive-flat tires.
I loved past VW/Audi products but we want a manual transmission ... which are becoming extinct.
I've found that the happiest and returning customers are the ones that buy when they are financially ready! I actually TELL my customers this. It helps build loyalty.
The fact is though, sometimes dealers will have monthly sales. In this case the price of their car will go up next month, but usually, as far as the lease vehicle, the difference is minimal. Usually mileage is the big reducer with that!
Hope this helps!
I know that BMW doesn't post residuals and money factor for 18k mile / 36 month leases but can anyone that works for BMW help me out. I want to negociate a lease and I want to be well informed before I go to the dealer.
Down Payment? Trade In? Residual Value and a lot of other factors, but here is a rough rough rough rough estimate. . .
Let's say your 2010 335i coupe is MSRP for 42K
With a down payment of 5000, 1000 cash back or rebate applied to down payment, Sales tax(at 5%) and processing fees for title and tags and such = 2800. . .
If the residual amount were 32000 and the money factor at .0025, for 36 months and 18K miles per year with an acquisition fee of 500 and a security deposit of 500, you would be looking at 2 figures.
Out of pocket and Monthly payments.
Out of pocket in this EXACT case would be $6000.00
Monthly payments for the rest financed would be right around $475. . .
Again, these are all very rough figures. Hope this helps!
Its just a starting point. 18K/year is not too unusual in my market because most people travel long distances to work.
BMW doesn't publish base money factors or residuals (that I'm aware of) for 18k mile leases. I want to know the base money factor and residuals before I go to the dealer and "take there word for it". I was reading that a dealer is allowed to raise the money factor in order to increase there profit so I just want to make sure i'm getting the best deal possible.
Thank you, I appreciate your help.
I will however share this bit of advice. Keep in mind, I'm a car dealer when I say this, a good rule of thumb is to never accept the first offer. Also, if you tell them that you got a better deal elsewhere, they are most likely going to lower their initial offer. If they don't lower their offer it is because it is already as low as they go. But, be firm. If you have many options of places to go, start to walk out. See if they change their tune then. . .Again, if they don't, its as low as they can go. Also, once you settle on the price and figures, don't leave without taking the car with you. Too many times, unreputable sales people will somehow push the price back up when you come back to pick it up. . .
happy shopping and good luck!
The problem i'm having is that there is only one car with the options I want. It's hard to negociate when I don't have all the figures. I've dealt with this particular dealer before and I know that they raise the money factor so it's kind of hard to trust the numbers they give me.
Example - My Dad just turned in his '07 X5 3.0Si. He drives 20,000 miles per year & took a 30 month/50,000 mile lease. He got a good deal on the car (Invoice + $1K + MACO + Training & Service Fee), but the residual value drops when you buy extra miles up front, even though he got the base money factor. With $0 down (just first months pmt bc he was a returning BMWFS lesee) his lease payment was $960/month.
Have you considered purchasing? Even if you like to change cars every 3 years, BMWs hold their value well & you probably won't be upside down on your car come trade in time.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
The dealer still have another one color black. You may get about $500 less than my price.
Good luck :P
I found a 2007 328i with 23K on it for 24K 1.9 APR. I am wondering if this a good buy. Secondly I am concerned about maintenance costs on the vehicle (high/ low etc). I am on the fence with regards to making a decision due to the maintenance costs. Any feedback and or experiences you share will help. Thanks.