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BTW, why is APR your only criteria?.... Say you were equally happy with a 3-series for $30k and a 7-series for $60k but the 3-series had 4.9% and the 7-series had 3.9%, both for 60 months. The 3-series would have a payment of $564/mo with total interest of $3885 over the 60 months, while the 7-series would have a payment of $1102 with total interest of $6137.....
I'm not sure why the absolute lowest APR is the only criteria. Is it because you've had bad interest rates in the past and want to get a good one this time? Even still, you should also consider other criteria in addition to APR....
I got a 06’ 325i 9K miles on it, and plan to trade in to 03 M3 conv. w SMG and NAV (42800, dealer asking for and pretty much all the available options on it) they are willing to pay 29800 for my 06 325i and here is the detail. Tell me what you guys think about this deal.
Thanks
My 06’ 325i
STEPTRONIC Automatic Transmission $1,275
Premium Package $2,900
Cold Weather Package $1,000
Xenon Adaptive Headlights $800
All-Weather Floor Mats $78
Aluminum Pedals $85
1) Residual value (%)
2) Money Factor
3) Acquisition fee (range)
Thanks.
2) MF is .00195 - dealer can mark up by .0004
3) $695 - dealer can mark up by $200
Obv, #2 and #3 are negotiable
3 yr/ 12k
Resid - 64% - looks good
MF - .00250 -- that is WAY high
Acq Fee - $825 -- high too
OK..before I go guns a blazin on this guy I want to confirm. The base rate for April is .00195, and this IS negotiable? He told me the only way to get it down was to give him a security deposit. Is that true?? Also, the Acq fee IS negotiable?? Is the base rate still $625? Thanks for your help!
2) L.E.V.%: 62.00%
3) Lease-end Value: $ 27,137.40
4) Selling Price: $ 40,925.00
5) Term: 36
6) Money Factor: 0.00208
7) Adjusted Cap Cost: $ 41,240.96
8) Cash Cap Reduction: $ 309.04
9) Total Sales Tax: $ 600.15
10) Acquisition Fee: $ 625.00
11) Tag/Title Upfront: $ 74.00
12) Doc Fee Upfront: $ 398.00
13) Security Deposit: $ 4,200.00 (MF buy down)
14) Base Monthly Rental: $ 533.98
15) Tax Rate/Amt: 3.0000%$ 16.02
16) Total Monthly Payment: $ 550.00
17) Amount Due At Start: $ 5,554.47
2006 325i
Cold Weather Package
Premium Package
Sport Package
Automatic transmission
Comfort Access
Park Distance Control
Xenon headlights
Navigation System
Premium Hi-Fi system
Satellite radio prep
2006 325i
Sparkling Graphite
Steptronic Automatic
Premium Pkg
Sport Pkg
IDrive/Nav
Adaptive Xenon Headlights
Sirius Satellite Radio
$39,515 plus Tax, Tags/Registration.
This is below Edmunds TMV and also below KBB "Book Value". Sounds like a decent deal to me. Any idea what the going rates above invoice are in FL right now? Any opinions/thoughts would be greatly appreciated. Thanks.
I meet with the dealer in 1 hour to pick up the new car.
I'll see what they throw at me.
Thanks again.
I would send out a mass e-mail to every dealer in Florida asking what they can do for this car Our The Door and for them to break it down for you. Once you have the best price, you can repeat the process to see if any of the dealers will beat/match this price. It takes a little work, but can save you a decent amount of money. Good luck.
Matt
Assuming those numbers are correct.. the money factor has dropped for April on the AWD models..
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
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I have e-mailed all of the dealers within 200 miles, though that is only about 5 dealers, and the price mentioned above is the best so far. I took it back to the other dealers and none would even consider matching it. One dealer told me flat out "Take the deal from the other dealer". Unfortunately the only BMW dealer in in Jacksonville has a lousy reputation for service. The dealer I got the best price on is about an hour away but offers pickup/dropoff valet service when you need to have the car serviced. Basically this means they will send someone with a loaner to my home or office, pickup my car and leave me the loaner until they bring my car back. That has some appeal since I don't really want to use my local dealer's service dept. Anyway, I may try to expand the e-mails out to more dealers further out in the state. Thanks again for the info. I really appreciate the input.
The original deal was negotiated in February when the money factor was .00225. The car was ordered then. The commitment from the dealer was to pass along their buy rate.
When they presented me with the paperwork yesterday, they kept the rate at .00225, even though the buy rate had dropped to .00195.
Fortunately I was aware of the money factor reduction. They grudgingly lowered it to .00195. This made a $21 per month difference in the payment.
Anyway, the car is fantastic -- much better than I had expected it to be.
Thanks again.
Can you "lock in" residuals and money factors from the time you order the vehyicle?
Residuals are non negotiable and set forth by BMWFS. The money factor is 'negotiable' in so much as a dealer may mark it up by .0004. Assuming they did that, then one can negotiate for the buy rate factor. If one was to have ordered a 06 330xi in Feb and took delivery in April, you should request the current rate factor of .00195.
Can you "lock in" residuals and money factors from the time you order the vehyicle?
It usually takes, on average, around 5 weeks to go from ordering to coming in at the port. Then to get to your dealership, the time varies based on location.
If you do a credit app and submit your info/price to BMWFS, then you can lock in the current rates for 60 days.
I wish more people were like you and actually tried it out.... Like you said, it's really pretty straight-forward, but somehow the auto media still has the idea that the current iDrive is like the 2002 7-Series. Good for you for actually "test driving" iDrive...
Honesty works best in this situation. My dealership tried a 4 point bump. I balked and explained why. They came back to earth. also let them know as it's a lease, you'll be back in 3 years time. A return customer is gonna be more profitable in the long run...
I'd be upfront with them... and tell them you won't lease, except at the base rate..
NC? Spartanburg is close.. you can do PCD, and it won't matter where you buy it from..
regards,
kyfdx
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Not only are lease rates higher (along with all interest rates), but BMWFS no longer has cheap 24 month leases on the 325i.. The residual is only 9% higher than the 36 month lease, and the money factor is actually higher..
To get any kind of comparable rate, you'll probably have to go for 36 months... and even then, it will probably be $100/mo. more..
regards,
kyfdx
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Edmunds Lease Calculator
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They put you up for a night in a local Greenville hotel.. feed you dinner... Deliver your car the next morning, then give you a car control class and let you drive their car on the track..
All for no extra charge... pretty sweet deal.. If I lived as close as you do, I'd do it. Even if I bought locally.. But, you have to order.. They won't send a car down that is already on the lot..
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Considering your lease deal with a Fla dealer, just be careful for them not to apply the usual boosted acquisition fee (in Miami it is $825 instead of $625) and especially not the higher MF, which actually can make the monthly lease price fairly higher (about $25 per month in a 2-year lease if they increase the MF for a maximum amount that BMW FS allows them to do, and what they do here in Miami very, very often).
If you need any help, let me know (see my profile).
I think I can probably get this deal done with one of these dealers for about $1K over invoice. This will be my first Bimmer and I'm pretty psyched about it. I'm looking forward to a lot of fun driving. Thanks again for your help.
330i
Monaco Blue Metallic
Premium Package
Navigation
Steptronic
Heated Front Seats
Sirus
Comfort Access
Floor Mats
Invoice: $41,090 + $330 MACO :mad:
Price: $42,220 = $800 over invoice + MACO
I think I did pretty good.
I e-mailed 3 dealers asking for quotes: New Century, Pacific & Long Beach and I countered New Century/Pacific. New Century came back the cheapest (just under $800). I then went to South Bay near my house and they matched the $800 over invoice target I had with just a bit of hemming and hawing.
Hope this helps. Good Luck
Jet Black
Premium Package with black leather
Automatic
Sat. Prep
MSRP is $35,870
Selling Price - $34,000
Is this a good deal before I sign the dottted line.
Dealership is in Maryland VOBB BMW.
Since the 6 disc changer is a dealer installed option, I was wondering what people out there are paying for this option installed. Personally, I find it odd that I add a $1300 upgraded sound system and don't get a 6 disc changer (like Audi), but oh well... Your experiences are welcome!
My friend got the same car (with out sat prep - $75) at VOB for around $33k. I got my 06 330i from VOB last May and it was very hard to get a good deal then. I paid $750 off MSRP for a Jet black Premium, Sport, and Cold packages. The MD market is a little tuff. I have heard Passport BMW gives good deals. You might want to email all dealers in the MD and VA area
I am looking to get a 323i automatic with sports package. I know it's not much but it is my first new car. I was hoping you guys could tell me what some of the fees are? I have heard there are a lot of fees added to buying a new car. I live in Canada but I think the fees are the same and I am doing a cash.
Thanks in advance for your help!!
I think the only thing I have signed so far is the credit check for approval on the lease. Car will not be in stock until mid-June.
Any help? Thanks!
agb
Good Luck
The dealer is also giving me FREE floor mats and NO processing FEE. Good luck with your purchase.
State laws have nothing to do with it.... If you haven't signed the paperwork, then you don't have to buy the car.
However, don't guarantee on getting your deposit back. The reason a dealer takes a deposit is because they are using up their allocation on your car and ordering a car they wouldn't necessarily sell on their lot. If they end up stuck with your custom order, then they would use the deposit to offset the interest that accrues as that car sits on the lot for month after month.....
They do in California. In CA you are entitled to your entire deposit back at any time before you take delivery. At least that is what my salesguy said.
325xi
Premimum package
automatic trans.
heated seats
white-not metallic
Dealer is asking for 36,645 before taxes, but including delivery charges.This sounds like $1,600 under msrp to me. Does anyone ahve a feel for midwest pricing and Cleveland pricing in particular? Can I still push him some?
Thanks.
VOB BMW service department is terrible. I have experienced problems with them due to lack of knowledge about their own vehicles and a non-caring attitude. My wife has a Ford and her dealership is more professional and caring than VOB. I am very disappointed since paying for premium car one should expect better service. Since I live in the area, I have no choice but to service my car there. I dread going to the service department. I have provided you with a link that describes VOB service department from customers feedback.
VOB Dealer Rater Feedback
Even though they have a low score, it is apparently a problem across the state of MD and VA(See links below). Hopefully BMW NA can resolve these problems with its dealers.
MD BMW Dealer Ratings
VA BMW Dealer Ratings