By accessing this website, you acknowledge that Edmunds and its third party business partners may use cookies, pixels, and similar technologies to collect information about you and your interactions with the website as described in our
Privacy Statement, and you agree that your use of the website is subject to our
Visitor Agreement.
Comments
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Negotiated deal over the phone. New (92 miles) 328i Red Convertible with Dakota Cream Beige Leather, Premium Package, Steptrionic AT, Sports Package, Comfort Access, Heated Seats, USB & I-Pod adapter:
MSRP $50,600
Negotiated Price $48,100
Nothing added to Lease and No Cash Down
73% Residual Value = $36,938
0.00245 Money Factor
7% Sales tax in NJ
$721 Monthly Payment (includes the sales tax)
I brought:
$750 refundable security deposit
$850 Ransom/Bank Fee
$149 Beer Fund/Doc Fee
$721 First Month's Paymet
$286.50 NJ Reg, Title, Tire Tax
Total = $2,756.50 at Lease signing
They made $48,100 neg. price - $46,505 inv. = $1,595 + $850 Bank Fee + $149 Doc Fee + about $2,000 manufacturer holdback = $4,594 gross profit
$4,594 seems like a reasonable profit to me on a $50k car. "everybody's gotta eat"
Oh...and I searched about 5 dealerships for a red 328i and this was the only one in our area.
328XI
Premium package
Auto
Cold weather package
Navigation
$40,652. excluding sales tax, and no spare.
Back on Edmunds post after a while and in a different area (I was perviously in the Honda forums). Well time goes on and bring changes and given I am not crazy about recent styling cues I decided to look at offering industry wide. With my wife we zeroed on a few BMW models and I decided to get to use Edmunds new car tools leading to query 4 dealership in our Chicago area to provide quotes for X5 and 535Xi models. As often is the case I found various elements I was not so sure of. The X5 I was considering was only with the 3.0Si tranny (given I feel we have to do something in way of helping reduce environmental impact) was not really any different than driving my wife C-RV or my Honda Accord so we skipped that one. For the 535Xi I found the 3 star rating on the driver front impact and the rear styling not to suit me. So scrapped everything but that fabulous 6 cyl 3.0L inline twin-turbocharged engine and got an absolutely stunning looking 335Xi loaded with everything but Tech and sport packages. The MSRP I was presented was $47,625 and I brought it home at a ~$2,500 discount. Unfortunately taxes/fees in my area pile up to about an additional 10% and that brought the total cash amount I shelled out just a couple of 100s short of a round $50K. All dealership that responded were courteous and helpful. I can suggest that basically there is very little difference I found among the quotes offered with a standard 3-5 % reduction on MSRP. While I have been very happy about my whole experience I wish more clarity on the Munich delivery option offered at the BMW sites. It was suggested that some sensible savings when selecting that option would partly offset costs of trips to Europe but when I got a comparative quote offered the difference was not even $500 and there was no further explanation as to weather the savings would have been related to not paying some or all of the sales taxes etc.
If anyone knows more about that Munich/European delivery program please let me hear (who knows it may be still in effect when we will be back on the market to work on replacing my wife C-RV).
Also: Does anyone know if MACO or training charges are typically added in Texas (just trying to get an idea of what to expect.
Thank you in advance for your time
Allan
Training would be added as part of invoice, I don't know about MACO in your area but your dealer will tell you. I am also in the market for a 335i for my wife and every e-mail with my CA specifically states that I am expecting mats to be included as part of the price I am negotiating. I was shocked in 2003 when buying a 325 that after the price was agreed on, the CA then asked if I wanted mats and then gave me the price. $750 over invoice is good, $500 is about the lowest I have seen. After you find out if MACO has to be added, you might want to counter them a counter at the same $750 over invoice + training and MACO but with mats included.
Good luck
The best place for information on ED is Bimmerfest.com. They have a great wiki about the entire process including how to negotiate the price (ED invoice + $xxxx). With a dealer that is knowledgeable in the process, it is quite easy from order to delivery. We are picking up a 535i this summer and the wife is deciding whether we are going to pick up a 335i for her at the same time (premium package, ipod adaptor, steptronic, metalic paint and transportation <$39200). Otherwise she will take a 328i at the dealer.
Good luck
Thank you for the input. I'll request more clarification regarding what's included and post again. I can't wait to find out what they want for floormats. I do not see floormats listed as an option so I just assumed that the dealer was working me- - and that scenario certainly allows the dealer to pad the deal.
Allan
On an unrelated topic. Reading some of the last posts I could not help but notice the topic of the floor mats. I got those as extras (make sure to always address such things before signing the check) and is always worth having a checklist of small items that may not be come standard beforehand. Especially when paying cash I found it always effective to make requests for such items just before doling the money out (got all I wanted in past purchases at dealership usually known for being stingy such as Honda etc.). This time around I really had not much of a list because this car has it all to start with (save the mats!) and for example given the run flat tires I did not need to ask for the hydraulic type jack (I hate the mechanic ones cumbersome and lengthy deployment, and when one has to stop in the middle of travel for a flat mood is not that good to start with!).
Lastly, going back to your advise car_rm I will check the Bimmerfest.com site as I am avidly pursuing online information related to my new vehicle!
Truly,
Leasing is just like buying. You negotiate the price of the car, not the payment. Then you negotiate the money factor (which the dealer is marking up).
The MSRP on the car above is $42,550
You should negotiate the selling price of the car as $40,320 ($1000 over invoice)
The money factor is .00175 (4.2%)
I plugged the numbers into leaseguide and came up with the following payment for a 36 month/ 15K per year lease: $514.98 per month + Tax.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
X5 price 51,660.00
includes premium package
cold weather package
rear climate package
heated rear seats, navigation and freight
The inception fees are 2000.00
which includes: 799.00 first payment
375.36 Cap cost reduction
825 .64 motor veh. lease term, doc and Lux tax
in 2008 for the same car and options with the same price I paid 635.00 why is this car 799.00 ( they both include taxes). Also I bought the car from the same guy selling me this one.
am I being beat or does this sound fair.
Thanks for any responses
BMW X5 Lease Questions
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
328XI
Premium package
Auto
Cold weather package
Navigation
for $40,652 Thanks
excluding tax, license, reg,
2008 328xi coupe
Prem pkg
Cold weather
Sports pkg
ipod hookup
auto
paddle shifters
jet black
sticker: $43,900
I was offered a price of $41995(about $1500 over invoice). I can prob negotiate this lower...this was a first offer. 60% residual value, money factor of .00215. This is marked up from .00195, as offered by BMWFS, for dealer profit...again....a first offer. 36 month lease with 15K/year.
Using the simple lease formula of:
(Cap cost - residual)/term, plus, (cap cost + residual) x money factor, I come up with the following: assuming a $4000 cap cost reduction on my part after fees:
$37,995($41,995 - $4000) - $26,340 (60% of $43900 sticker)/ 36 = $323.75
$37,995 + $26,340 x .00215 = $138.32
for a total base lease price of $462.07 + tax.
The "money guy" at the dealership is quoting me $375.57 + tax. Total out of pocket costs are $5000 which will include cap cost reduction, sec deposit, doc fees. He was sketchy about any bank fees. Again, this was a first offer. I had to run to get to work but he wrote the figures down for me. Why are his figures so much lower than mine???? I'm not complaining, mind you, just want to know why the numbers are off. Am I missing something???????
Even if they gave me the car at invoice of $40,440, I put $4000 as cap cost reduction and they gave me 60% residual with a .00195 money factor, I still come up with a lease pymt of:
$36,440 (40,440 invoice - 4000) - 26,340/36 = $280.55
36,440+26,340 x .00195 = $122.42
Total base lease pymt of $402.97
What gives???? Are there special incentives I don't know about??????
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Cost was $36,450 excluding tax, docs and license.
I have always wanted to drive a BMW and I think now I am ready to take this step.
I live in Metro Boston area and below is the deal I got after a lot of negotiations, mostly through emails. And I must thank for all the great information I got from you all.
2008 328xi coup 6-speed
Montego Blue
Nav
Ipod
Bluetooth
Cold weather package ( since I live in Boston)
Lease for 3 years 12K miles per year
MSRP : $42,200.00
Negotiated Price: $39,685 ( approx $800 over invoice)
Money factor: 0.00200
Out of Pocket: $4000.00 (total)
Acquisition Fee: $625.00 ( dealer quoted 825 and thanks to you all I knew better)
Security Deposit: $450.00
Disposition Fee: $350.00
Net Cap cost:$35,685.00
Residual %:60
Residual Amount: $25,320
Depreciation Fee: $287.92
Finance Fee:$122.01
Monthly Lease Payment(sales tax not included) : $409.93
Total monthly payment: $430.42
Also, since now one had the stick shift that i wanted with the above options they have to factory order it.
I am also planning to pay the 7 multiple security deposits which will bring down my MF to 0.00151 and finance fee per month to $92.12
What you guys think about the deal? I would like to sign the papers today so that I can start my countdown.
Any comments will be appreciated.
Thanks.
PK
Price difference aside (Which is about 10K). Has anyone had a chance to drive both and can you give some quick comparo's between the two?
Also.....would dealers consider swapping out the runflats on the Bimmer for regular all-seasons during the bargaining process? (I live in Wisconsin). - Thanks!
I must have the worst karma -- in the process of installing the Garmin/BMW hardwire kit, the "professional installer" managed to lose the mount cover plate (which was a major factor for me buying the kit in the first place).
Thanks in advance to anyone who can come to my rescue.
msrp $48820
offers they will not entertain: anything under 47K.. They said manual is a premium and they want msrp because it's in high demand. Or so they say... :-)
Has 6-speed manual, premium, sport, nav, ipod, comfort access, and sat radio. With destination, I computed the invoice to be 44125.
I guess time to keep looking...
they came down to alittle under 47K so 2K under msrp and 2700 over invoice! They said everyone wants this one. That and it's end of the month. I guess supply and demand. Might have to order since no one else in the area has one or go get an automatic steptronics.
You're in control. They can be pigheadish but they're only hurting themselves.
328XI
Cold Weather
Power Seats
Xeon Lights
Auto
MSRP $38,120
SALE PRICE $37,120
$1962.57 Down
$535 per month including 6% sales tax
Your Thought?
Steptronic
Prem
Nav
Xenon
iPod Adapter
Heated seats
Per Edmunds and KBB invoice should be $38,215
Given it's early April what should I expect, $500-1000 over this invoice price?
Curious what lease deals you guys have got recently on 328i Convertibles and how to decide/evaluate 'how good' the deal is.
I know the Boston papers have the following:
* 328i Convertible: $368/month with $3,800 down
* 528Xi: $378/month with $3,800 down
Though the ad said "nicely equipped" I called to find out they are base models with stick shift (stick is fine, btw). They also said the various fees would run to around $1,100-$1,500
*All leases 24 months, 10,000 miles per year with $3,800 down as cap cost reduction, plus all start up fees and taxes including 1st payment, security deposit, bank fee, documentation and registration fees. Some in stock vehicles may contain additional equipment at additional cost. Quantities are limited. Geographic restrictions apply. Pictures are for illustration purposes only. Prices subject to change in accordance with BMW factory programs. See dealer for details.
Link to news report
Cheers,
Marcus
Thanks,
Bhanu.
2007 335i Sedan Sparking Graphite/Gray Leather
Sport/Prem/Ipod/Sat
Yes, I found a leftover 07 at Fields Daytona (Salesman was great). They sold it for $41,500. It had 250 miles on it. So it had been driven around. But Iooked it over and it looked quite pristine. I realize I took some risk with people beating on it during the breakin.
MSRP on this was roughtly $46,7000 and Invoice I believe was about $44,000.
I am very happy with the car. I actually had put a down payment on a fullly loaded Graphite g35 (I just sold my 2003 G35). I ended up getting the deposit back and going with the bimmer. I have no regrets.
Regards,
OW