Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms
2007 BMW 328i Coupe
24 mo/15k mi – Residual Value 68% of MSRP – .00125 Money Factor Buy Rate 36 mo/15k mi – Residual Value 58% of MSRP – .00125 Money Factor Buy Rate 48 mo/15k mi – Residual Value 43% of MSRP – .00320 Money Factor Buy Rate 60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 328xi Coupe
24 mo/15k mi – Residual Value 68% of MSRP – .00125 Money Factor Buy Rate 36 mo/15k mi – Residual Value 58% of MSRP – .00125 Money Factor Buy Rate 48 mo/15k mi – Residual Value 43% of MSRP – .00320 Money Factor Buy Rate 60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 328i Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00125 Money Factor Buy Rate 36 mo/15k mi – Residual Value 61% of MSRP – .00125 Money Factor Buy Rate 48 mo/15k mi – Residual Value 44% of MSRP – .00320 Money Factor Buy Rate 60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 328xi Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00175 Money Factor Buy Rate 36 mo/15k mi – Residual Value 61% of MSRP – .00175 Money Factor Buy Rate 48 mo/15k mi – Residual Value 43% of MSRP – .00320 Money Factor Buy Rate 60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 328i Wagon
24 mo/15k mi – Residual Value 70% of MSRP – .00225 Money Factor Buy Rate 36 mo/15k mi – Residual Value 60% of MSRP – .00225 Money Factor Buy Rate 48 mo/15k mi – Residual Value 41% of MSRP – .00320 Money Factor Buy Rate 60 mo/15k mi – Residual Value 33% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 328xi Wagon
24 mo/15k mi – Residual Value 70% of MSRP – .00225 Money Factor Buy Rate 36 mo/15k mi – Residual Value 60% of MSRP – .00225 Money Factor Buy Rate 48 mo/15k mi – Residual Value 41% of MSRP – .00320 Money Factor Buy Rate 60 mo/15k mi – Residual Value 33% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 335i Coupe
24 mo/15k mi – Residual Value 68% of MSRP – .00170 Money Factor Buy Rate 36 mo/15k mi – Residual Value 58% of MSRP – .00170 Money Factor Buy Rate 48 mo/15k mi – Residual Value 43% of MSRP – .00320 Money Factor Buy Rate 60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 335i Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00160 Money Factor Buy Rate 36 mo/15k mi – Residual Value 61% of MSRP – .00160 Money Factor Buy Rate 48 mo/15k mi – Residual Value 44% of MSRP – .00320 Money Factor Buy Rate 60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 335xi Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00320 Money Factor Buy Rate 36 mo/15k mi – Residual Value 61% of MSRP – .00320 Money Factor Buy Rate 48 mo/15k mi – Residual Value 45% of MSRP – .00320 Money Factor Buy Rate 60 mo/15k mi – Residual Value 36% of MSRP – .00320 Money Factor Buy Rate
What are the discounts being received for 335i coupe and how long before delivery? I got my car for $2K below MSRP. Just curious. Any replies would be appreciated.
Apparently my "deal" signed and sealed with a $1000 deposit (not yet returned) has fallen through. My local dealer objected to my questioning why it was suddenly taking a week or two to get the car I purchased instead of a few days. It's a long, long story that I'll relate one day in this forum--but for now--I'd still like to purchase a 335i Sedan for local or European Delivery. I'm located in Southeastern North Carolina--can anyone recomend a dealer in North Carolina, South Carolina or Virginia? I have contacted two dealers close by (within 120 miles)-after their initial lease/purchase offers--I emailed them my proposal-- ($556 36mo 12k vs $626) and have not heard back from either. I guess they don't want to, or plan to negotiate. This has been an incredibly frustrating experince. It seems as though the dealers are your best buddies until you acutally ask them not to mark up the MF and/or the Acq. fee and to actually negotiate the price. I'm really close to just bagging the whole BMW idea and moving onto to something new--Audi, Infiniti, Lincoln. But my favorite car is 335i--so I'd like to give it one more shot. Any help would be greatly appreciated!
Just got back from my local (Towson, MD) BMW dealer, where I drove a fairly stripped 328i wagon with an MSRP of $37,395.
Dealer said they'd lease the car to me for $36,395, with a MF of .00225 and a 36 month residual of 62% (12K per year) Sales tax in MD is 5%.
They said the monthly payment would be $575/month with $2500 down, and taxes folded into the lease payments. If I also put taxes down up front, they said the payment would be $512 (and a total of $5100 out of pocket)
I just ran the numbers on the Edmunds lease calculator and came up with $464 with $2500 down.
Am I missing something in my calculations, or is the dealer trying to rip me off?
The $2500? Is that the entire amount due at signing? If so, that covers the 1st payment, security deposit, acq.fee, and title/license fees.. $1800-$2000 total...
If you assume $1800, that only leaves $700 for a cap cost reduction, resulting in a cap cost of $35,695...
Even at that, I only get a payment of $480/mo.+ tax...
Makes me wonder if they are really giving you the .00225 rate, or if they are marking it up..
Also.. 5% tax? Do they tax the whole selling price in Maryland? I'm thinking they do.. That's going to hurt.
2500 would be the amount due at signing if I wanted a payment of $575 per month.
If I paid the 2500 down payment, taxes, tags, and acq. fee up front, total out of pocket would be $5100, and that would reduce the monthly payment to $512 (according to the dealer) For me, this much mony out of pocket defeats the purpose of a lease.
They are waiving the security dep. because we already own another BMW.
Yes, they tax the whole selling price in MD.
Their advertised deal of a similarly priced vehicle is $369 per month on a 328 xi sedan with an MSRP of 36,500 on a $2500 down payment, excluding taxes and fees. Just seems like a long way to go for them to get from $369 to $575 on taxes and fees alone. That's why I'm so confused by this.
Thanks for the advice. . . Maybe I need to go to another dealer or find a less expensive car. .
I've heard from some folks that opting for the Sport Package is a must. Anyone with strong opinions on this? I am getting close to pulling the trigger on a 328i sedan and could go either way on this.
If you love real tight handling and do not mind a firmer ride, it is a must. The seats are excellent IMO. I believe you need to order SP to get the seats.
You will be delighted at the unbelievable planted effect in the turns.
Otherwise if a more supple ride is desired, forget the SP.
I have recent experience with this dealer which was not great. I had a competitive bid from another dealer for a 328xi which was MSRP less $1700. They said they would match it but when I got their lease quote they had tacked on points to the MF and the acquistion fee. You should check the money factor on the 328i wagon but I bet it is .190 or less. Also, the BMW acquisition fee buy rate is $625. In my case they added $200 and I had to really ask the right questions to find out what was really going on. When I 'caught' them it was like I had done something wrong and they walked from the deal. I suggest you go to Russel BMW like I did. They gave me MSRP-$1900, MF of .00190, acquisition fee of $625 and residual of 63% for 36 month deal with 12k per year. If they don't have what you want you can order for mid to late April delivery. I find it better to get quotes on ordering and then all dealers are quoting on the same thing. Note that BMW of Towson and BMW of Belair are co-owned and you won't do any better with the latter. Also, when using the lease calculator you have to plug in all of the factors such as sales tax, acquisition fee, dealer paperwork fee, license fee less your capital reduction payment.The key number you need to arrive at is the adjusted capitalized amount. Note that MD collects full 5% tax upfront on lease payments as opposed to adding 5% to lease payments as some states allow. Good luck!
Thanks so much for your comments - they were very helpful. This is actually our second experience with the Towson dealer not being helpful. A few yrs. ago we ended up driving to PG county to get my wife's X3. . .I did call Northwest BMW this evening, and over the phone they indicated they could give me a payment more in line with my thinking. I'll also call Russell.
When I do the lease calculations, I always ad the full sales tax amount, but never know what to add for acq., paperwork, and licensing. Any suggestions for what to add would be bery helpful.
How does this sound- 335 sedan, metallic paint, steptronic, shift paddles, premium, sport and cold weather packages, and comfort access. 3yr/36k mi, $512/month. taxes paid upfront, 7 multiple security deposits for a money factor of 0.0011, 63% residual, $625 bank fee. I think I should have been able to do better, but I haven't seen many 3 year leases below $550 in the NYC area.
I have put a deposit on a New 328i Coup that is being ordered. Can anyone tell me if I am getting a good Deal. 328i coup w/ Prem, sport, Manual Trans, Mats and Metallic Paint. 36/mo 12k/yr. MSRP =$40,620. My payment is $503 + tax and total out of pocket is $1541 which includes my first payment. Thank you in advance. Looking forward to reply!!
This was not on the deposit paperwork. I have left a message with regards to this question but don't have the Cap cost just yet. I was hoping based on the lease payment and the current 60% residual and .00125 money factor and down payment it can be worked in reverse?
I have the following offer on the table for a 2007 328i sedan (with Premium Package, Sport Package, Navigation, Automatic, and Metallic Paint). I would like to get people's thoughts on whether this is a good deal.
MSRP: $41,695 Negotiated Price: $38,955 Residual: 61% (36 mo, 15 K mi/year) Acquisition Fee: $825 (I let the dealer win on this one) MF: 0.00076 (with seven total security deposits) Money Down: $0
Monthly Payment: $448.06 (not including sales tax)
Could I do better than the above?
A couple other questions: - Do BMW dealers ever negotiate on their advertising costs? - Are there ever any issues with getting the multiple security deposits back at the end of the lease?
You never work a lease in reverse. You establish the sale price, then negotiate MF and finally plug the numbers in yourself. Never trust a car salesman to do that for you. You never buy a car based on payment.
I am considering buying a used BMW from Coast BMW in San Luis Obispo. Has anyone had any experience with the dealer? Would appreciate any opinions/advice.
Can anyone tell me if I am getting a good Deal or can I do better. 328i coup w/ Prem, sport, Manual Trans, Mats and Metallic Paint. 36/mo 12k/yr. MSRP =$40,620 Purchase Price $38,500. My payment is $503 + tax and total out of pocket is $1541 which includes my first payment. Thank you in advance. Looking forward to reply!!
What kind of deal can I get on a 328i Coupe with Auto transmission, heated seats, and metallic paint? I priced it out on Edmund's, and the invoice price came right in at 35K. I have no leasing experience, but I want my payments to be around 370, and I have 4K I can put towards the vehicle. How and where can I get my best deal?
Please help, I need to get this car within week or at least place an order! I greatly appreciate it
YOur negotiated price is ONLY $800 below MSRP! The Money Factor is being marked up from .00125 to .00165 The dealer is even marking up the acquisition fee $200!
I'd get some better numbers and RUN AWAY from this dealer.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Where should I be in terms of MSRP, can I negotiate down to .00125, How much is the acquisition fee normally? I obviously need some help, how should I proceed?
Can someone comment on the bargaining position of a customer ordering a car from the factory as opposed to either purchasing/leasing a vehicle in stock or a vehicle from a dealer exchange?
I have always order my car; I have better negotiation when I do so since I tell them I am not in a rush and it's a guarantee sell for the dealer even before the car hits the lot.
328i coup w/ Prem, sport, Manual Trans, Mats and Metallic Paint. 36/mo 12k/yr. MSRP =$40,620 Purchase Price $38,500. My payment is $503 + tax and total out of pocket is $1541 which includes my first payment.
Please help with info on leasing a 328i coupe. With 4461. down payment, what should my monthly payment be on a car that has an MSRP of 42,670? This would be for a 36 month lease at 12,000 miles/yr. Thanks much!!
This has not yet been determined. This dealer says they stay pretty much at MSRP. Maybe $400 off. Thanks!
Not a dealer to buy from under any circumstances then. Always negotiate price first, then let them know you're leasing. You're looking at a common car in a competitive marketplace...there's 1500-2500 room for them to subtract from MSRP. Walk away.
328i Sedan with premium, nav, metallic paint, satellite radio with an MSRP of 40,575 negotiated down to 39,950.
Again, decamp. $500 off on a 335i sedan?! Email around your area asking for the best deals on the exact car you want. Contact at least 10 dealers. you'll get a better off from the internet department for sure. $500 off is laughable.
Out of pocket is 4464.67 which includes $2500 security deposit and fees - no acquisition fee is included in this, but a 599.50 dealer services fee is
Unless that 2500 is for multiple security deposits, run as they're robbing you blind. Go to leaseguide.com to read up on all elements of leasing.
You always need to do the following:
1. Negotiate a price - on a 3 sedan you're talking in the neighborhood of 2k off msrp. Coupes 1500 off or better. 2. Find out the exact residual 3. Find out the MF that BMWFS is offering 4. Find out the MF your dealer wants to charge you - don't allow more than a point or two if you're really desperate for the car. 5. Look into possible MSDs - multiple security deposits - they're the only money you really want to put down on the car. 6. Ask about all the feels they're going to bundle into the car - some dealers go buck wild with bogus fees or run them up.
7. Finally, go to http://www.leaseguide.com and use their calculator to run the dealership's numbers. If they don't come back within a few bucks of the dealer's numbers, somebody is pulling a fast one on you.
If I run the numbers that way, I get a payment roughly equal to yours..
So... what we have is a $625 discount from MSRP, but a $600 dollar dealer fee.. Basically, you are paying MSRP for the car, but at least the financing isn't being marked up..
Really.. a fair deal would be the same payment (assuming your lease term is 3yr/36K), with only $1000 as a CAP reduction, giving you a little under $3000 due at lease signing... In other terms, about $1500 less than what they are offering. A good deal? About $2000 less.
Hi, I'm looking to buy my first car and really need some advice from the veteran owners. I've been a BMW fan all my life and finally am going to buy one...
Please give some guidance on the price a 2006 330i, premium package, Silver Metallic /Black, cold weather package or 3 way heated seats, Sports package, 6 speed Autoactic Steptronic, and Xenon lights. I'm looking to buy a CPO, and I live in NYC. I looked at some of the cars with the options i want and the price is around $36,559. How much do you think i can negotiate it for?
Also, do you have any advice on the Sports Package - it worth getting?
Yes, it is a 3 yr/36,000 mile lease. What is your opinion on the coupe? BMW offers a base lease of $389/month with 10,000 miles per yr for the base MSRP - how would you negotiate extras? Thanks!
You can give up to 6 extra security deposits (for a total of 7) to lower your Money Factor. After the 1st security deposit, each additional security deposit will lower your MF by .00007. The beauty of the security deposit is that you get it back at the end, so it in essence behaves like an interest bearing bond, except that your monthly "dividend" is in the form of a monthly payment reduction.
It is a VERY good deal and anyone who can afford to temporarily part with cash should do the maximum. I will be doing a 7 x Security Deposit on the lease I'm about to enter into. It will be equivalent to an investment that pays over 12% returns per year. AND IT'S TAX FREE. I challenge anyone on this board to find me a better investment than that. I can't see any reason at all to put any money into Cap Reduction. That's like setting money on fire, because you don't get it back. If anyone is thinking about throwing money away on Cap Reduction, put it toward Security Deposit instead. It's simply the smarter choice. :shades:
What is your drive off? Do you HAVE to prepay your taxes?
It would appear as though this dealer is making a profit of $1160 over Invoice ($2000 off MSRP), which is not a bad deal. I've been shopping for a 335i Sedan and the best i've been able to do is $700 over invoice.
You can do better. You should be looking at something in the $41,500 range. Also, I believe they can knock the Bank Fee down to $625 (that's what I got mine to), which will save you another $200.
Are the dealers willing to do this? Also, is there any risk in them wanting to keep the money for, say, wear and tear, etc? Any other advice you may have on leasing this car is appreciated. Thanks!
dealers aren't involved in MSDs - it's between you and BMWFS. The risk is - you destroy the car, yeah they can keep your MSDs.
Best lease info - www.leaseguide.com - read it and understand the nuances of leasing. Putting money down is - as one person put it - like setting it on fire. Always negotiate sale price first. Know MFs before hand and negotiate MFs. You should know the numbers you want BEFORE you ever speak to some car guy.
How is making MSD's better than just putting the money in savings and then "lowering" your monthly payments from that account?
I've estimated that through MSD's I can save about $40 per month on the deal I'm looking at. Is it better for me to turn over a large amount of $$ to BMW for the purpose of saving $40 per month (knowing I'll get the $$ back), when I could just put the MSD $$ in a savings account and supplement my payments with it $40 at a time?
Comments
2007 BMW 328i Coupe
24 mo/15k mi – Residual Value 68% of MSRP – .00125 Money Factor Buy Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00125 Money Factor Buy Rate
48 mo/15k mi – Residual Value 43% of MSRP – .00320 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 328xi Coupe
24 mo/15k mi – Residual Value 68% of MSRP – .00125 Money Factor Buy Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00125 Money Factor Buy Rate
48 mo/15k mi – Residual Value 43% of MSRP – .00320 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 328i Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00125 Money Factor Buy Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00125 Money Factor Buy Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00320 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 328xi Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00175 Money Factor Buy Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00175 Money Factor Buy Rate
48 mo/15k mi – Residual Value 43% of MSRP – .00320 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 328i Wagon
24 mo/15k mi – Residual Value 70% of MSRP – .00225 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00225 Money Factor Buy Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00320 Money Factor Buy Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 328xi Wagon
24 mo/15k mi – Residual Value 70% of MSRP – .00225 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00225 Money Factor Buy Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00320 Money Factor Buy Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 335i Coupe
24 mo/15k mi – Residual Value 68% of MSRP – .00170 Money Factor Buy Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00170 Money Factor Buy Rate
48 mo/15k mi – Residual Value 43% of MSRP – .00320 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 335i Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00160 Money Factor Buy Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00160 Money Factor Buy Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00320 Money Factor Buy Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00320 Money Factor Buy Rate
2007 BMW 335xi Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00320 Money Factor Buy Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00320 Money Factor Buy Rate
48 mo/15k mi – Residual Value 45% of MSRP – .00320 Money Factor Buy Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00320 Money Factor Buy Rate
($556 36mo 12k vs $626) and have not heard back from either. I guess they don't want to, or plan to negotiate.
This has been an incredibly frustrating experince. It seems as though the dealers are your best buddies until you acutally ask them not to mark up the MF and/or the Acq. fee and to actually negotiate the price. I'm really close to just bagging the whole BMW idea and moving onto to something new--Audi, Infiniti, Lincoln. But my favorite car is 335i--so I'd like to give it one more shot. Any help would be greatly appreciated!
Thanks in advance..
Dealer said they'd lease the car to me for $36,395, with a MF of .00225 and a 36 month residual of 62% (12K per year)
Sales tax in MD is 5%.
They said the monthly payment would be $575/month with $2500 down, and taxes folded into the lease payments. If I also put taxes down up front, they said the payment would be $512 (and a total of $5100 out of pocket)
I just ran the numbers on the Edmunds lease calculator and came up with $464 with $2500 down.
Am I missing something in my calculations, or is the dealer trying to rip me off?
Thanks.
If you assume $1800, that only leaves $700 for a cap cost reduction, resulting in a cap cost of $35,695...
Even at that, I only get a payment of $480/mo.+ tax...
Makes me wonder if they are really giving you the .00225 rate, or if they are marking it up..
Also.. 5% tax? Do they tax the whole selling price in Maryland? I'm thinking they do.. That's going to hurt.
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If I paid the 2500 down payment, taxes, tags, and acq. fee up front, total out of pocket would be $5100, and that would reduce the monthly payment to $512 (according to the dealer) For me, this much mony out of pocket defeats the purpose of a lease.
They are waiving the security dep. because we already own another BMW.
Yes, they tax the whole selling price in MD.
Their advertised deal of a similarly priced vehicle is $369 per month on a 328 xi sedan with an MSRP of 36,500 on a $2500 down payment, excluding taxes and fees. Just seems like a long way to go for them to get from $369 to $575 on taxes and fees alone. That's why I'm so confused by this.
Thanks for the advice. . . Maybe I need to go to another dealer or find a less expensive car. .
Thanks
You will be delighted at the unbelievable planted effect in the turns.
Otherwise if a more supple ride is desired, forget the SP.
Regards,
OW
I suggest you go to Russel BMW like I did. They gave me MSRP-$1900, MF of .00190, acquisition fee of $625 and residual of 63% for 36 month deal with 12k per year. If they don't have what you want you can order for mid to late April delivery. I find it better to get quotes on ordering and then all dealers are quoting on the same thing. Note that BMW of Towson and BMW of Belair are co-owned and you won't do any better with the latter.
Also, when using the lease calculator you have to plug in all of the factors such as sales tax, acquisition fee, dealer paperwork fee, license fee less your capital reduction payment.The key number you need to arrive at is the adjusted capitalized amount. Note that MD collects full 5% tax upfront on lease payments as opposed to adding 5% to lease payments as some states allow.
Good luck!
When I do the lease calculations, I always ad the full sales tax amount, but never know what to add for acq., paperwork, and licensing. Any suggestions for what to add would be bery helpful.
335 sedan, metallic paint, steptronic, shift paddles, premium, sport and cold weather packages, and comfort access. 3yr/36k mi, $512/month. taxes paid upfront, 7 multiple security deposits for a money factor of 0.0011, 63% residual, $625 bank fee. I think I should have been able to do better, but I haven't seen many 3 year leases below $550 in the NYC area.
328i coup w/ Prem, sport, Manual Trans, Mats and Metallic Paint. 36/mo 12k/yr. MSRP =$40,620. My payment is $503 + tax and total out of pocket is $1541 which includes my first payment. Thank you in advance. Looking forward to reply!!
Thank you again!
MSRP: $41,695
Negotiated Price: $38,955
Residual: 61% (36 mo, 15 K mi/year)
Acquisition Fee: $825 (I let the dealer win on this one)
MF: 0.00076 (with seven total security deposits)
Money Down: $0
Monthly Payment: $448.06 (not including sales tax)
Could I do better than the above?
A couple other questions:
- Do BMW dealers ever negotiate on their advertising costs?
- Are there ever any issues with getting the multiple security deposits back at the end of the lease?
Thanks
I used MSDs in 2003 on my 330i. worked great. After returning the car I got a fat check back from BMW.
I am considering buying a used BMW from Coast BMW in San Luis Obispo. Has anyone had any experience with the dealer? Would appreciate any opinions/advice.
Thanks!
MSRP $33570,
negotiated price $32770,
MF .00165,
10K miles,
36 mos.,
825 acquisition fee,
$50 documentation fee, Down payment first month payment, $449/month including tax
Thanks for any input
Please help, I need to get this car within week or at least place an order! I greatly appreciate it
YOur negotiated price is ONLY $800 below MSRP!
The Money Factor is being marked up from .00125 to .00165
The dealer is even marking up the acquisition fee $200!
I'd get some better numbers and RUN AWAY from this dealer.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Thanks.
328i Sedan with premium, nav, metallic paint, satellite radio with an MSRP of 40,575 negotiated down to 39,950.
Out of pocket is 4464.67 which includes $2500 security deposit and fees - no acquisition fee is included in this, but a 599.50 dealer services fee is.
The monthly payment is 450.70 which includes tax (425.19 +
25.51 tax)
This is all so confusing to me. I really wanted the coupe but took this thinking it was a good deal - was I wrong?
Not a dealer to buy from under any circumstances then. Always negotiate price first, then let them know you're leasing. You're looking at a common car in a competitive marketplace...there's 1500-2500 room for them to subtract from MSRP. Walk away.
Again, decamp. $500 off on a 335i sedan?! Email around your area asking for the best deals on the exact car you want. Contact at least 10 dealers. you'll get a better off from the internet department for sure. $500 off is laughable.
Out of pocket is 4464.67 which includes $2500 security deposit and fees - no acquisition fee is included in this, but a 599.50 dealer services fee is
Unless that 2500 is for multiple security deposits, run as they're robbing you blind. Go to leaseguide.com to read up on all elements of leasing.
You always need to do the following:
1. Negotiate a price - on a 3 sedan you're talking in the neighborhood of 2k off msrp. Coupes 1500 off or better.
2. Find out the exact residual
3. Find out the MF that BMWFS is offering
4. Find out the MF your dealer wants to charge you - don't allow more than a point or two if you're really desperate for the car.
5. Look into possible MSDs - multiple security deposits - they're the only money you really want to put down on the car.
6. Ask about all the feels they're going to bundle into the car - some dealers go buck wild with bogus fees or run them up.
7. Finally, go to http://www.leaseguide.com and use their calculator to run the dealership's numbers. If they don't come back within a few bucks of the dealer's numbers, somebody is pulling a fast one on you.
I got an offer for a 328, xenon, red barrique, premium, navigation, automatic. Coming direct from Germany on boat on 3/26.
Dealer MSRP: $41,075
Dealer Invoice: $38,380
My Price: $38,780
Doc fee $55
Sales tax $3,203.89
License fee $315
CA tire fee $7
Total: $42,360.89
Edmunds lists this as $37,650 (including $695 destination charge),so I'll be paying $1,130 over Edmunds invoice.
Any tips to reduce this offer?
Thanks in advance for your help!!!
$39950 Selling price
$38075 CAP cost (selling price - $2500 + $625 acq.fee)
3yr/36K lease? (you don't say)
.00125 money factor
63% Residual
If I run the numbers that way, I get a payment roughly equal to yours..
So... what we have is a $625 discount from MSRP, but a $600 dollar dealer fee.. Basically, you are paying MSRP for the car, but at least the financing isn't being marked up..
Really.. a fair deal would be the same payment (assuming your lease term is 3yr/36K), with only $1000 as a CAP reduction, giving you a little under $3000 due at lease signing... In other terms, about $1500 less than what they are offering. A good deal? About $2000 less.
regards,
kyfdx
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I'm looking to buy my first car and really need some advice from the veteran owners. I've been a BMW fan all my life and finally am going to buy one...
Please give some guidance on the price a 2006 330i, premium package, Silver Metallic /Black, cold weather package or 3 way heated seats, Sports package, 6 speed Autoactic Steptronic, and Xenon lights. I'm looking to buy a CPO, and I live in NYC. I looked at some of the cars with the options i want and the price is around $36,559.
How much do you think i can negotiate it for?
Also, do you have any advice on the Sports Package - it worth getting?
Thank you for the help!!!!
AJ
328i Sedan black/black, sport, premium, Steptronic, Nav w/iDrive
MSRP $41900
Selling price: $40400
63% residual: $26816.00
MF: .00140
For 36 months, 10k miles, $3800 down: $445.75 mth
$3800 BREAKDOWN:
$445.75 first monthly payment
$305 DMV license fee
$28 DMV Electronic Filing Fee
$8.75 tire fee
$825 bank acquisition fee
$55 doc fee
$153.38 cap reduction tax
Total inception fees: $1820.88
Customer cash as cap reduction: $1979.12
AND
328i Coupe black/black, sport, premium, Steptronic, Nav w/iDrive
As built, the MSRP $44200.
Selling price: $42900
60% residual
MF: .00140
For 36 months, 10k miles, $3800 down: $520
It is a VERY good deal and anyone who can afford to temporarily part with cash should do the maximum. I will be doing a 7 x Security Deposit on the lease I'm about to enter into. It will be equivalent to an investment that pays over 12% returns per year. AND IT'S TAX FREE. I challenge anyone on this board to find me a better investment than that. I can't see any reason at all to put any money into Cap Reduction. That's like setting money on fire, because you don't get it back. If anyone is thinking about throwing money away on Cap Reduction, put it toward Security Deposit instead. It's simply the smarter choice.
:shades:
Do you HAVE to prepay your taxes?
It would appear as though this dealer is making a profit of $1160 over Invoice ($2000 off MSRP), which is not a bad deal. I've been shopping for a 335i Sedan and the best i've been able to do is $700 over invoice.
Best lease info - www.leaseguide.com - read it and understand the nuances of leasing. Putting money down is - as one person put it - like setting it on fire. Always negotiate sale price first. Know MFs before hand and negotiate MFs. You should know the numbers you want BEFORE you ever speak to some car guy.
I've estimated that through MSD's I can save about $40 per month on the deal I'm looking at. Is it better for me to turn over a large amount of $$ to BMW for the purpose of saving $40 per month (knowing I'll get the $$ back), when I could just put the MSD $$ in a savings account and supplement my payments with it $40 at a time?
Thanks for the insights into this. . .