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WA BMW Car Consumer Discussions

Is this a good deal?
by rob34 on Fri Aug 15 16:33:59 PDT 2008
This is an initial offer on a car in stock. What part of this deal should I be negotiating? Obviously I am looking for a lower monthly payment. I am pasting the actual offer. Model 0843 335xi USD 41,200.00 Color 475 Black Sapphire Metallic 550.00 Upholstery LCSW Black Dakota Leather N/C Options ZCW Cold Weather Package 850.00 465 Split-folding rear seats including ski bag N/C 494 Heated front seats N/C ZPP Premium Package 2,650.00 319 Universal Garage Door Opener N/C 430 Auto-dimming interior and exterior mirrors N/C 431 Auto-dimming rearview mirror N/C 488 Lumbar support N/C 4NA Digital compass mirror N/C 639 BMW Assist with Bluetooth System N/C ZSP Sport Package 1,000.00 2CY 17" Light-alloy wheels Star Spoke (style158... N/C 2XA†Sports leather steering wheel with padd... 100.00 481 Sport seats N/C 203 All-wheel-drive N/C 205 STEPTRONIC automatic transmission 1,325.00 653 HD radio 350.00 6FL iPod and USB adapter 400.00 Net Total 48,425.00 Destination Charge 825.00 Gas Guzzler Tax N/C Total Suggested Price 49,250.00 AN055S-FI WAQ Quote Worksheet - Lease taylorj2 7438 Quote No.: 237750 17) Protection Plans (W):$ 220.00 1) Contract Date: 08/15/08 18) Service Cont (W): 2) First Payment Date: 09/14/08 19) Maintenance (W): 3) Lease Institution: BMWL70 20) AN VCP (W): 4) Stock Number: 8A285817 21) Total Add Caps (W): $ 825.00 Adjusted Cap Cost: $ 47,295.00 5) M.S.R.P.: $ 49,250.00 22) Cash Cap Reduction: 6) Residual Adds (W): 23) Total Sales Tax: $ 2,200.68 7) Residual Value %: 58.00% 24) WA.TAX/CR.ENTER:3 (W): 8) Mileage Penalty: 9) Residual Value: $ 28,565.00 Base Monthly Rental: $ 664.41 10) Capitalized Cost: $ 46,250.00 25) Security Deposit: 11) Term: 36 26) Ttl Annual Fees (W: 12) Lease Money Factor: 0.00190 27) Ttl Initial Fees(W: $ 242.25 13) Customer Cash Down: 28) Amount Due At Start: $ 967.79 14) Rebates: 29) Ttl Working Cash(W: 15) Total Trade (W): 30) One Pay Amount: 16) Credit Life/A&H Code: NO 31) Total Monthly Payment: $ 725.54 Command (?): Open P.O.s
Price help on X5
by vietdo on Mon Jun 30 07:05:16 PDT 2008
My name is VDo, and living in WA. I am planning to buy X5 -2008 this week, but I need helps and advice with best deals, price to buy it. Thank you very much VietDo
Re: price info [thaider]
by fedlawman on Sat Apr 12 12:14:20 PDT 2008
"as soon as you touch any of the meaningful options the price spikes." Personally, I don't think any of the options are meaningful." None of them add any performance, and none of them significantly improve the appearance, comfort, or practicality of the car. But that's just me...
Security Deposit Question
by hopefall on Thu Jan 31 18:34:27 PST 2008
I understand that you can reduce mf by .00015 for each $400 security deposit paid up front. I am planning on trading in my wife's car, for which I owe $4,900. I am planning on getting $7,000 on trade. I live in WA, where I do not have to pay sales tax on the value of trade. Does anyone know if I can take the difference between what I owe and what the dealer gives me and apply it toward security deposits, rather than cap reduction? With 5 security deposits, my payment would be about the same, but I would get the 2k back at the end of the lease. Am I thinking in the right direction?
Re: 335xi loaded - Bellevue Washington [dawgfan1]
by boomer23 on Wed Jan 30 23:22:47 PST 2008
These lease payments seem awfully high. A little basic info for you. The base money factor right now for the 335xi is .0021. The residuals are 71% for 24 months and 61% for 36 months. The residuals will vary slightly based on the number of miles per year. I don't know about Wa. taxing laws or tax rates, so I'll give you approximate payments without taxes and you can add sales tax to the payment if that is what is done in your state. With the base money factor of .0021 and a basic $625 bank fee rolled into the lease, the 36 month payment would be $639.57 without taxes. For 24 months, the payment would be $668.53. Even when you add taxes to these payments, they don't come near to the payments the dealer is quoting. Also, you're putting $2500 down. This is usually highly discouraged. One reason is that you lose all of that money if the car is stolen or totaled. So my advice is to get all of the details of the lease itemized and explained. You should try to get near to the base money factor. They are not allowed to add more than .0004 to the base money factor, but try get the base. Get all of the fees explained. Try not to pay any fees beyond a $625 bank fee, which may be rolled into the lease or paid up front. Other fees that they may be adding are mostly dealer profit. Don't put any money down. The discount from MSRP is fairly decent, but you may be able to negotiate that down as well. You may also make refundable security deposits (each equal to one month's payment) to reduce the money factor. You should definitely make one SD, because the MF increases .00015 unless you're already a BMWFS customer. But you can make up to 7 additional SDs, each of which will lower your MF by .00007. If you do the math, doing this will return you at least 10% on your investment. Consider working with more than one dealer. Get their best offers on a similar lease and work them against each other. You'll get a good idea of how low they will really go. If you're not up to the face-to-face negotiation, try emailing the internet managers at several dealers and ask them for their best offers on this car. Tell them you want a no money down lease at the base rate and at least a $1500 discount from MSRP. I think you'll see better payment offers than the ones you've quoted. Good luck.
Re: Did I get a good deal? [sebastiancain]
by jiminwa on Fri Nov 23 18:50:49 PST 2007
Sounds like $38,500 is too much of a residual after 2 years but is possible. Remember, it is based on the MSRP, not the 'agreed upon price'. You also have to remember you are paying for taxes and the dealer has to make a profit. My 07 X3, fully decked out (NAV, Prem, 6 speed, sports, etc.) was MSRP at $50,500. I leased it for $3800 down and $641 a month, 10 K a year. So your deal sounds pretty good actually. I am paying more upfront, $800 more than you. And $253 more per month. But I am also driving 'more' car, 8 grand more than your MSRP so my payments are of course higher. And a 3 year term is higher on the BMW's because you are leasing it for three years vs two. If you lease it for less, that's less guaranteed income for the car and when you trun it in, BMW has to clean up the car and sell it to the next Joe or Jane which means more overhead - paperwork, sales people involved, another car on the lot, etc. Search the internet for the residuals on the BMW and you will find they are fairly high - they are good vehicles. I like my BMW very much - I bought it specifically for WA state - but when I get back to TX, I am probably going to get a 5 series, or a M3 or maybe even a station wagon. I love the power in my X3 but need something a teeny bit faster :-). Jim

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