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Mississippi BMW Car Dealers

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MS BMW Car Consumer Discussions

Re: Why lease? [asi12]
by blueguydotcom on Thu Jan 29 18:03:02 PST 2009
I just can't understand why would you lease a car? I am sure you all know that dealers make most money off leases. You can always sell the car after 2 or 3 or 4 years and still get a better deal in terms of price. Do they? The M3 lease i mentioned above, had a finance charge of $355. That's total. Over the course of 3 years the M3's interest would be $355. 57% residual too. Well, you're saying it's on the residual they make it up. If they're selling me a 59.3k car for 52k and the residual is 33.8k, how much are they really getting from me? 18.2k + the lousy $355 interest charge or 18.5k. I also only pay tax on what I spend, so my tax is only on the 18.5k - sop $1433. Tell, me, if I bought the car what's the best finance rate? BMWFS isn't offering 2.9 on Ms. It's 5% through my credit union. First, I'll end up paying all tax on the purchase price - so off the bat the car's selling for 56k. That's a payment of 1070 a month. Over 36 months that's $38520 out the door. At the end of 3 years you owe ~24k on the loan and you might be able to get that back on if the residual is legit. Problem is, if the car is worth less than 57% of its MSRP then you've lost even more. To be nice we'll say by a miracle the residual was right and your M3 is worth 33829. If you sell the car and pay off your loan you're still down 9-10k more than if you had leased it. Remember, if the car is worth more than 57% on the lease at lease end, you can always buy it and sell it yourself or just walk away. Leasing can be an insane advantage. Right now the lease deals on M3s and 3 series cars of the 08 year are to the buyer's advantage if they're clever (MSDs, insisting on sub-invoice pricing). What most people here think of buying 2-3 years old cars? Most of the cars still work great, reliable and I assume you can have mechanic look at the car before you buy. Yes great deals on 2-3 year old cars. I've seen 2007 3 series cars listed for 22-23k. but after 3 BMW products though, I will admit I'm disinclined to believe they're good cars. I love driving them and don't mind all the warranty work as it's their dime but I fear the repair bill on used bimmers. Others have had better luck than I. And in the case of the current lease deals, it's hard to find another situation where you pay so little in interest. Five or 10 years old cars can be tricky but I have not heard many horror stories of buying 2 or 3 years old cars. I am fan of buying outright and no loan outstanding When you can get close to 0% on a loan - 1% and lower - it's hard to agree with investing cash into a car. I'd rather have 56k sitting in the bank collecting 3%-4% (or invested) than sitting in my garage depreciating. At 4% and up a case can be made for buying with cash and certainly buying used for full cash. Then again, 2006 3 series cars are going for 0.9% financing and two payments made by BMW. Why would you put your cash into the car when you make more with it sitting in the bank? and in this way I don't have to have insurance deductibles what dealers dictate? Not following. Nobody really dictates anything beyond $500 deductibles. I've leased two BMWs...they don't check and they don't press on deductibles. My 2003 330i was hit a few times (parked 2 of them and a girlfriend drove it into a pole another time) - BMW didn't blink when I returned the car. You are generally right about leasing. But on some occasions the deals are too good, the interest too low and the deal just right. Heck, people who leased 06 330is are now buying out their leases as CPO (warranty to 100k on powertrain) for 3-4k below the original lease residual. They're getting a crazy deal on a used car they already leased!
Re: ?? [mas6002mi]
by w_harris on Sat Oct 11 09:17:36 PDT 2008
Correct. Before tax & title
Re: Oct prices on 535xi [mas6002mi]
by w_harris on Fri Oct 10 20:48:48 PDT 2008
I just purchased a 535i (08) for $130 above invoice ($4600 below sticker). Use the invoice pricing from Edmunds and shoot for no more than 4% above that.
2008 535i price
by w_harris on Sat Oct 04 21:21:30 PDT 2008
I am looking at new 08 535i Blk/Biege with Sport, Comfort, Prem., Logic7, Heated Front Seats, iPod adapter. MSRP $58,825. Dealer says $4000 off. My calculation of invoice (taking Premium incentive into account) is $52,100. Is this the price I should try for, or are sales being done for ~$1000 less than the calculated invoice?
Re: $2600 off MSRP ! [rkrostin]
by vchugo007 on Sun Feb 04 11:19:06 PST 2007
Thanks to suntrojan, xyzjack69 and rkrostin for their info. However, it seems the dealers in the tri-state NY/NJ area that I've spoken to are not willing to go below $1000 off MSRP. They apparently have sufficient orders at the moment, such that they don't need my business. I was in Jackson, MS, for a business trip and they were only willing to offer free transportation from their dealership to my home in NJ. They indicated that such transportation cost could top $1,200. So, even if I get $2,600 off MSRP, the charge for shipping from AZ or CA would like cost 1,200 anyway. Is there anyone who can point me to a dealer in the NY/NJ area that would offer $2,000 of MSRP with the premium and technology package and the heated front seats as an option? Thanks for everyone's feedback!
Re: Cash purchase 2006 330xi [richmondmom]
by drivethegreen on Sat Mar 04 06:56:36 PST 2006
Ms. Mom, I believe you have struck at the heart of the matter. As a figure of speech I may say that I "invested" in some new, upscale home entertainment equipment when in fact I do not literally mean that I "invested" in it, I simply bought it. I put a car in the same category. While I share the common desire not to overpay, I could never rationalize the cars I buy as an investment. I earn income, invest as much as I need to and spend enough to enjoy the bounty this great country provides. Buying a car is included in the spending column.

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