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Re: 528i in Charlotte [mikesmithtx644]
by smithsonga on Sat Apr 26 07:47:30 PDT 2008
seems like an OK deal if are satisfied leasing a used car (demo are used...they are just allowed to sell them as untitled new). I got a 528i back in December, 2 yrs, 10k miles/year. $52k msrp....around $48k price if I recall. $1800 total down (doc fee, acq fee, a small cap cost reduction..about $400, long story). $600/month including 7% sales tax.
Re: My First BMW-Did I do OK? [smithsonga]
by ctshorse on Sun Apr 20 14:10:31 PDT 2008
NEVER EVER put money down on a lease. It's just irresponsible. In your case, get the dealer to issue you a check for the $4K. This is what I did when I got my first BMW and had to get rid of a Nissan 300Z. If you signed the papers, CALL THEM Monday and demand a revised contract with the $4K back to you. They may bump the MF a little but still, you keep the cash. If the car is stolen ot totaled you will lose that $4K. My accountant screamed at me the day after I did the deal. Then he made me correct it. Good luck.
Re: My First BMW-Did I do OK? [myfirstbmw]
by smithsonga on Fri Mar 28 08:02:04 PDT 2008
The price is very good and the lease specs are right on. Doc fee is extremely low etc..etc...seems like a good deal. I take it the deal would not give you the $4k as a check and you had to roll it in? Otherwise, take the check and invest it...you could use it if necessary to make a payment every so often to even it out. But at least make $ on it.
My First BMW-Did I do OK?
by myfirstbmw on Fri Mar 28 07:26:16 PDT 2008
Hello all, from the great information on this thread and website I think I negotiated a great deal on my first BMW, and luxury car in general. Thanks to you very sharp folks, this is what I configured. By the way this was negotiated from only one dealer in upstate NY. BMW 535xi: MSRP: $51600.00 Premium, Navigation, Sport, Cold weather, Sirius, Auto, Destination. Retail w/options: $59,020.00 Invoice: $54,295.00 After the typical back and forth, and negotiating from invoice up, this is what I signed/ordered. $54,295 plus MACO $380.00 + Trng $180.00 = $54,855.00 MY price = $55,175.00 or $320.00 over invoice. Lease terms: Acq = $725.00, Doc = $45.00, Tires = $10.00, no security, 1st Month. 10K miles annual, 36 months @ .00205 and 63% residual. Can't buy down MF with MSD's in NY. Should BMWFS offer a better rate/residual at delivery, I would of course receive those terms. I am putting down $4000.00 the dealer is awarding me for my damaged 2002 Nissan Altima 2.5s which was negotiated very hard. I already have received an insurance check for $4900.00. So my total is $8900.00 for a 6 year old vehicle that has 60K miles. I believe that is very close to dealer retail. I know from this thread that putting money down is not the smartest, but I am willing to take that risk, due to the fact I don't feel trying to sell it on my own, and I haven't received a better offer from any garage. Anyway, I think I did very well, and look forward to my new mad-sick ride, after test driving all the vehicles in this class. Mid life crisis solved. Lanny
Re: My First BMW-Did I do OK? [myfirstbmw]
by dja212 on Tue Apr 01 11:25:13 PDT 2008
$750 a month for 36 months?
Re: My First BMW-Did I do OK? [smithsonga]
by myfirstbmw on Fri Mar 28 18:56:14 PDT 2008
Yes, I had to roll it in or sell it myself, not worth the hassle to me to sell a damaged vehicle. It really wasn't that hard to get an "at invoice" type of deal. As long as our economy is soft, and the dealers have a stronger desire to sell there cars than we as consumers have to purchase them, I think the "deals" can be had. One of the cars I test drove was the new Jaguar XF, They were only willing to give 1K off MSRP ( a markup of 5.5K from invoice ). My desire went down the hopper. The Jag salesman called me tonite to check my interest again, they have only sold one since it came out 3 weeks ago.

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