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So, the dealer is correct only insofar as they can mark up the rate by .0004 for extra profit. I'd try to find a dealer that was forthcoming about money factors, and insist on the base rate.
Your salesperson might have just been spouting a money factor number he saw on one lease deal.. some salespeople leave the finance details to the finance office... Last month, the 3-series had a base rate of .00255.. If they marked it up the maximum, and added .00015 for the security deposit waiver, that would equal the .0031 that he quoted.... I'd guess that is where he got that number.
regards,
kyfdx
regards,
kyfdx
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During finance, they wanted me to pay $300.00 for vehicle prepration fee, the dealer told me that it was a normal charge and all the dealers charge that fee.
I had an argument with the sales manager, since it was not disclosed to me during the negotiation...they ended up not charging me the fee afterall.
Wanted to find out if this is a legit charge or the dealership was trying to con me into it???
Thanks guys.
thank you very much very valuable info, i called another dealer he sais the MF now 0.21 but he said next week they will have new rates?
so to get good deal for the 530i 2006 target <700/month 36/12k MF 0.021
prempkg+sportpkg
from another forum::
invoice 42495 + PREM PKG 1710 + SPORT 2070 = 446275 + 1500(OVER THE INVOICE) + 675 = 48425
IS THE 48425 is this the purchase price that many people getting or the dealers have different invoice price???
also how many additional fees I missed :confuse: ??
NO MACO FEE good news its only in LA
so iwill start faxing my final offer to dealers within 100 mile radius :P
I don't know if they were trying to con you into it... It is probably SOP for them.. they probably add it to every deal.
regards,
kyfdx
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The car comes with a spare tire (not run flats) and I'm told by the dealer that run flats are an option. Also no CD changer, although it does have Logic 7. Is this right? O/W, the car drives great.
Tks in advance
1- ask them about there hidden fees upfront
2-what is there invoice price?? and compare it to mine
kyfdx
do u think they will show there invoice price or they go by the MSRP only from BMW WEB SITE??
thanks again
mexibec,
Depending upon where you are, I would think 2-3% over invoice on the 545i is very achievable. Word is beginning to get around on the 550i and, according to my hometown dealer, if they have any 545i's left by mid summer, they will "give them away" at $0 profit. That's $1,500 under invoice given the holdback, assuming no additional facotry incentives. I believe them, as they offered me an outgoing 540i 6-speed a couple of years ago at $4,500 under invoice.
However, for anyone considering a 545i, why wouldn't you wait for the 550i? If the answer is "the extra power doens't mean that much", then get a 530i and save even more. But if you really want V8 performance, everyone at my dealership over Memorial Day was counting the days until the 550i arrives. It comes close to matching the former M5 in power to weight and the 7-series difference between the 745i and 750i has them all extremely impressed.
For those that said the 545i isn't discontinued, it is for ED and my dealership is not taking any more 545i's for the rest of the year. They are a small dealership with 3 in stock and they don't want to get burned.
I didn't check the price on 550i, since the dealrs I talked to didn't have any info on it. I just bought a 06-530i for $1K over invoice in Irvine, Ca.
Thanks kyfdx for your input. I want to thank everyone on this board for making me a ejumucated buyer.....
fisrt cograts enjoy the nice car. if you dont mind asking:
what was the invoice price? did you buy or lease, whats is you monthly payment?
colour options etc..
thanks
SO....the dealer, whom ive been bugging for several months now (and he is a good guy), said he was talking to the big-boss at his dealership and his boss ok'd for them to get me a 05 545 for 699.00 a month with total due at signing being taxes and the normal BMW fees (adds up to about 4200)
now that is the lowest ive ever seen a 545 go for (ive been montioring this board and others for months) and am actually contemplating it. i dont have any real details of the car yet...options, discount from msrp...etc yet.
700 does seem kinda steep for ANY car really, but considering its a 545, i think its a bargain.
what do you all think? pull the trigger or get something else?
I posted this on the E90 board, but to be fair I feel the opinions of this board would be very valuable too:
Need some advice from fellow BMW lovers and experts.
My budget allows about $40K towards a new vehicle.
The 2006 3 series is high on my list, but I realized I can get a low mileage, well equipped, 2004 525i CPO for about the same price.
What say you? I realize at some level it is a personal choice, but what are the basic points for and against each of these beauties?
Thanks all for your time.
Pondering in Texas....
after a little research though, his 700/mo deal is not all that great when i found out what options the car had.
oh well, got a little excited there for a sec, back to the drawing board now.
have you considered doing ED? I know one guy from another bimmer forum who ordered his 545 (bl sapphire/auburn/nav/sport pkg/logic 7/cwp/sirius) on 5/26; pickup 7/22. $605/month.
MSRP: 50,270
Cap: 48,660
Money Factor: .00225
Residual: 60%
Money down is: Security Deposit of 750, first month payment 744.45, and license fee of 388, for a total down of $1,882.45. They also want an $850 bank fee but I will ask them to waive it...
Total payment is $744.45 per month for 36 months
Comments? Suggestions? Good deal? Bad deal?
Thanks...
2) They can't waive the bank fee, without bumping up the money factor.. The fee goes to BMWFS. However, the base fee is $625, not $850.
So, if you are happy with the selling price, then ask them to use the base money factor (.00195), and only charge $625 for the acquisition (bank) fee, and you are all set.. Using the base money factor will result in a payment about $20/mo. less than the one you were quoted.. If you don't want to pay the acquistion fee upfront (and I wouldn't), then ask them to roll it (only $625) into the cap cost..
Coupled with the base money factor, this will bring your payment back up around that original $744/mo. I'm assuming that is with tax included?
regards,
kyfdx
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2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
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My 2002 325i lease is up in a month and I am debating leasing a 2006 330i vs a 2005 545i.
The money factor is only .001 on the 545 and is around .0029(with dealer mark-up) on the 330i.
Comparably equipped, with nothing down:
330i(MSRP about $44,000) is about $675 a month(pre-tax), 36 months, 36,000 miles.
545i(MSRP about $61,000) is about $700 a month(pre-tax), 36 months, 36,000 miles.
From a value standpoint, it seems like the 545i is a no-brainer.
Opinions?
Thanks.
hpowders :confuse:
good luck.
Thanks.
If you really want the 330i, getting a better deal on the 545i won't mean much.. The big consideration for me would be gas mileage.. You'll probably average 22-25 MPG with the 3-series.. and 14-18 MPG with the 545i..
But, there is no doubt.. the 545i is a screaming lease deal right now, if that is the way you decide to go.. I do think that you could knock about $50/mo. off that 3-series lease deal with a little aggressive shopping..
regards,
kyfdx
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My main concern is the reliability factor. The 3's are usually more reliable than the 5's. But then again, the 3 is a new model. Who knows what potential nightmares are in store with Comfort Access. I can imagine pushing the start button in a parking lot far from home with nothing happening.
The number one car reviewer on epinions.com just gave the 2006 330i with sports package a total rave.
Tough call.
Thanks.
hpowders
if u want an eye-opener, just go look at a typical mercedes forum, and the C-class in particular, and you'll be shocked (at least i was) at how many problems they have.
I got 2006-530i with prem pkg, sprts pkg, prem sound pkg, auto transmission, satelite radio and navigation. The invoice came out to $52,380.00 + $1,000 over invoice and $57,984.19 "out the door" with tax and license and other misc fees.
The exterior is titanium grey with black interior. I bought the car and my payment is around $1020 month for four years loan.
I hope this helps others to negotiate same price as this or better price. Thanks to all in the fourm for helping me out.
1st time to post here. I am preparing to get myself ready to lease a 2006 525i. Before that happens, 2 years ago, I helped my brother lease a:
2003 325i (taken from his lease agreement form)
Auto/Moonroof/Leatherette (pretty basic)
Term 42 months
Base Monthly $365.86, with tax $392.38
Due at lease signing: $2500 includes:
Cap Cost Red: $1202.44
1st Monthly Payment: $392.38
License Fees: $243
Acquisition Fee: $525
Sales Tax on Cap Cost Red: $87.18
CA Tire Fee: 5.00
Doc Fee: 45.00
Gross Capitalize Cost: 31,311
Cap Cost Reduction: 1202.44
Adj Cap Cost: $30,108.56
Residual Value: 18082.40
Depreciation and Amortized Amts: 12026.16
Rent Charge: 3339.84
It's already Saturday night, I don't know what Money Factor was charged. However, based on that scenario, was that a good/bad deal.
I'm hoping to get a:
2006 525i
Auto
Premium Pkg
What's a good selling price that I should be looking at?
Thanks for your input.
jason
since my lasty post, another dealer with the same car came back at &870 with 20k miles and tax included. He said this is as good as he can do. But this is nowhere near the $800 /mo you are suggesting. What do you think is the difference between these dealers and your $$?
2004 525i
14,000 miles
Premium, Cold, Auto, Xenon
$37,500
Also I am planning on leasing this vehicle.
I have never leased before (always used traditional financing)
What do I need to negotiate? Money Factor? Residual?
Is there a special by BMWFS on CPO financing/leasing?
Any help is greatly appreciated.
I understand supply-demand economics, but wanted to check how real this is for the 530xi. Does anybody have any experience ordering a 530xi in the Boston area for under MSRP?
Thanks.
I got an offer of $1500 over invoice on the 545.($54675 cap. cost, $58170 MSRP). I will probably take it rather than risk next month's residual going down to 58% from 59%(36 months, 36,000miles).
With a .001 money factor, you can't go wrong.
We agreed on the price of $51,661.73 (MSRP on this vehicle is $53,940).
I was upside down on my trade in to the tune of $6,266.26. There was also a bank fee of $825.00 added in for a total gross cap cost of $58,752.99
I put cash down of $5,000 ($900 for security deposit; 899.78 first months payment; 2,544.29 cap cost reduction for trade in; 405.00 lic fee; $197.18 cap cost reduction tax; 45.00 doc fee; 8.75 tire fee).
Thus final numbers are:
Gross Cap: 58,752.99
Cap Reduction: 2,544.29
Adjusted Cap: 56,208.70
Residual Value: 32,364.00 (apparently 57 and 1/2 residual?? I know it was supposed to be 60%)
Money Factor: .00195
Total Monthly: 835.06 + 64.72 tax = $899.78
Not sure if I got a good deal or not... opinions?? Thanks, and hope this helps others currently looking...
Since the cap cost reduction went to payoff some of your negative equity, I have no problem with that...
You got the base money factor, so that is good...
The only bump I see is an extra $200 on the acquisition fee..
$2300 off MSRP on a new model.. looks okay..
Everything else adds up... A well-negotiated lease deal..
I'll try to avoid commenting on how prudent it is to be trading a car with $6200 of negative equity...
regards,
kyfdx
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You are very helpful on these forums. In my household you are much appreciated!
Thanks again...