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Comments
2006 330i
+ Premium Package (Beige Leather)
+ Cold Weather Package
+ Metallic Paint (Monaco Blue)
+ 695.00 Delivery
MSRP: $40,970
Selling Price: $39,000
I'm pretty happy. The TMV was about $700 more, so I think that I did reasonably well. There is a match in production right now, and the dealer is going to see if they can get it allocated to them. Otherwise, I might have to wait a little longer for delivery.
The buying experience was very good. The salesman was fairly helpful, though maybe not an 'enthusiast'. But what was best of all was that the salesman was able to do the entire negotiation himself. None of the good-cop/bad-cop, "let me ask my manager" stuff. Granted, this is my first BMW, so maybe all the dealers are like that. Even so, I was happy with the whole deal.
Leasing to buy is usually a more expensive way to buy.
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What is the money factor and residual on a 2006 325i lease with 15K miles per year? I am willing tp put down a security deposit to get a lower money factor.
Also what other fees etc are out there to complete a lease.
I usually drive about 18K per year. Should I structure a 18K lease to begin with or just factor in the 16 cents/mile penalty into my calculations?
I am in TX if state law etc makes any difference.
Thanks all for your help
The local Audi dealer had all these "executive models" with over 1500 miles in less than 2 months.
The salesman said they cost more because they got longer warranties.
The price BMW sets for ED is 7% below the MSRP, although this percentage does not apply to any options -- therefore, you would have to negotiate anything off the options on your own. I don't think the dealer tacks on a profit to the ED price.
The question is if the 7% discount can be negotiated lower. If it can't, then I agree that the ED deal looks less appealing. The discounts people are posting on the site seem to be in the 5% range. If this is the case, ED doesn't seem like such a great deal. Please let us know what you do. JEFF
I live in Tacoma...
I am trying to get some of these number for some barginning leverage.
I got my new 2005-330i 2 months ago for $35K. The MSRP was $42,240.00. But there was a $4200 rebate then. Currently the rebate is gone, but the dealer may still be able to give you that rebate.
Compare what I posted and negotiate. But first post the MSRP and ask the dealer if the rebates are still available.
Go to California to buy the car - that's what I plan to do when the time comes [we live in Vancouver WA]. Dealers all over the SF Bay Area are closing deals for $1000-$1500 over invoice with no real pushing or shoving. And it will only get better as supply gets better.
Of course, the AWD cars will be "hot" for awhile until initial demand is satisfied. Personally, I think AWD for Tacoma is overkill, but maybe you're a skier? Anyway, I've pretty much given up worrying about doing a deal for this car in the NW.
Is Edmunds.com accurate on the invoice price with options so I can use that to estimate what it is and append $1350 on top of total invoice price?
Thanks for helping!
With $3000 trade in
MSRP $37,970
Selling $36,970
Net Cap Cost $33,970
Residual 59%
Term 36
MIles 15000
Amt. used $12,158
Dep pymnt $321.33
Money factor .0025
Res. $148.43
Tax $38.76
Total payment $508.52
Does this sound about right?
That's a pretty base model. Are you getting any options on it? While $1000 off MSRP is good, you may be able to get the car for 2.5% over invoice, which is better (pending on the options). Also, how much money is due at signing? Did the dealership provide a breakdown of that too?
Luke
Sparkling Graphite Metallic
Beige Dakota Leather
Poplar Natural Wood Trim
Cold Weather Package
Premium Package
Sport Package
Options
Power Rear Sunshade/Rear Manual Side Window Shades
Park Distance Control (rear)
On-Board Navigation System w/iDrive
Comfort Access
Satellite Radio Preperation
$45,770 - MSRP
$41,895 - Invoice
$3,875 - Difference
Final Price
$1,438 - Over Invoice (Dealer Profit)
$45,700 - Agreed on Out-the-Door Price (Includes 5% Tax, DMV Fees and everything else)
They are also throwing in Regular and All Season Floor Mats, ~$200.
I think its pretty good considering all they initially said was no lower than $1000 under MSRP.
Anything else I should ask for when placing the deposit?
I'm guessing you don't want any opinions about your options selection..
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I just went to the dealer and negotiated a price of 1500 over invoice. So far so good, until he said he needed to add destination fee, advertising fee (maco I think he called it) and training fees that added 695+304+553.5 = 1552.5!! So I'm asking myself whether I'm really getting a deal with the "1500 over invoice" where in fact it's more like 1500 over invoice (I imagine I will have to pay destination fee anyway).
Question: should I go somewhere else or do you think it's going the same thing everywhere? Do they always add all these fees? Are they negotiable?
Thanks! Very nice and useful board btw.
Dave
The training fee is on the dealer's invoice, but the invoices you see online have it built into the base invoice... So, you really aren't being charged extra for that either...
MACO is a regional advertising charge.. that is also on his invoice, but not on the invoices you see on-line.. So far, this looks like the only extra fee that he has added, that is over and above the regular invoice..
You are starting to see the downside of negotiating an "over invoice" deal... The invoice becomes whatever the dealer says it is...
You should start over using actual numbers... Have you checked here on Edmunds or KBB.com for the actual invoice price? Do that, then compare it to your actual numbers... You may find that they aren't that far apart. Although $304+553.50 seems awfully high for MACO and training fee... training fee is only $180, I think...
regards,
kyfdx
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The destination fee is legit. Everyone has to pay the same amount. It is not a matter of dealer discretion.
But as for those other fees you mentioned, advertising fee and training fees, I consider them to be discretionary dealer fees. Some dealers have them. Other dealers don't. Of the dealers that charge fees, amounts vary from dealer to dealer.
Get quotes from other dealers and compare. If you press them, dealers are often willing to waive/reduce their fees, or alternatively give you the same effect by reducing the sales price of the car by the amount of the fees. I just went through this to get rid of a $275 "conveyance fee." In my case, the dealer reduced the sales price rather than waiving the fee.
Don't let these fees cloud the big picture - the total price of the car that you want. Add the fees to the negotiated sales price and compare to other offers. If you feel as though the total price that you are being charged for this car, including all fees, is comparable to or less than what you would be able to purchase it for elsewhere, then go for it and don't let the fees bother you.
I'm looking to get a pretty basic 325 --- possibly automatic and premium pkg., more more likely 6speed man. and few other options. I've been quoted $1200 under MSRP.
But with a little work, you could probably get an even better deal. It depends on where you're located, I guess. I'm in the metro NY area. Before deciding to get a 330, I had a deal lined up on a 325 ($37,000 range) at $1100 over invoice.
Seems to me that great deals are being given right now. No need to wait!
I got a quote from a dealer of $38880 ($1000 over invoice) for a Titanium Silver (Black leather, Premium package only).
For your floor mats, is it extra or included in what you paid for?
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For people who has receive invoice quote from dealer, i.e. 1300 over invoice. Do they add extra $200 when you place the order for some kind of charge for every car the dealer sold for paying off BMWNA tour? Are there any charges the dealer may add on to it, or should I just pay the invoice price plus whatever the dealer offered over invoice?
2005 325 Ci Convertible
Monaco Blue $ 475
Gray Leather $ 1,450
Cold Weather $ 750
Prem Package $ 1,200
Auto $ 1,275
Xenon $ 800
Harmon-Kardon $ 675
Dest $695
MSRP $ 46,320
Asking $ 43,425
This is my first post- Thanks
MSRP - $35645
Invoice - $32730
I Paid - $32800
I believe the deal seems ok and I did not do much negotiation. Great Service at Norwood BMW gallery in MA.
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