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BMW 3-Series (E90 E92) Forum
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What type of deal should I expect to get on a new 335i coupe?
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01-17-2008, 12:25 PM | #1 |
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What type of deal should I expect to get on a new 335i coupe?
I lease my 335 coupe back in October of 2006.
Space Grey Cold Weather Pack Navigation Step w/paddles Bluetooth Sport Pack My MSRP was @$47600 I got $1400 off sticker down to $46200 36/12 lease MF .0020 Residual 60% Payment was $647.55 But I came out of pocket with taxes, first payment, bank fee, DMV, security deposit. for a total of $647.55 Now I totalled my car about a month ago and I am in the market for a new one. The only differences I would get is 6MT instead of Step, and Prem Pack. and IPOD interface. Which gets me to an MSRP of $48,950. Now I am hoping to be able to negotiate a better deal this time around because it's my second one in just over a year, and the car has been out for a while now. So I am hoping to get as close to invoice as possible. Assuming that my dealer doesn't mark me up on the MF and I can get say 500 over invoice, rolling taxes and fees into my payment where should my payment be around? Thanks Lou
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"..Greed is good, greed works.." 07 E92 335i,Sport,I-drive,Cold Weather,Bluetooth,Beyern Mesh 19",M-Pedals,Rear Fogs,Gp Thunder,Carbon Roundels,Coming Soon JB2,Vorsteiner Decklid,OEM Aero LipRIP9/8/06-12/11/07 Gone but never forgotten |
01-17-2008, 01:03 PM | #2 |
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Keep in mind I am not a Lease guru, and these are all ballpark numbers.
With the packages you listed, it looks like $48,475 MSRP and with $500 over invoice the negotiated price is $45,090. Residual for 36/12k is still 60%. Buy rate for right now is 0.00245. (Cap Cost – Residual Value) / Term = Depreciation (Cap Cost + Residual Value) X Money Factor = Interest Depreciation + Interest = Base Monthly Payment (45,090 - 29,085) / 36 = $444.58 Depreciation (45,090 + 29,085) X .00245 = $181.73 Interest 444.58 + 181.73 = $626.31 base monthly payment If you managed to make an ED order with the same dealer profit you would be about $568 base payment. I am not sure what the tax laws etc are for your area, but rough estimate would be about ~$40/month. If you rolled the acquisition fee in, prolly another ~$20-$30 over 36 months. Hope this helps, or hopefully someone else will buzz in if I made an error. |
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01-17-2008, 02:01 PM | #3 |
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Like Status38's said, while the RV stayed the same, MF has gone up (a lot). From what I can tell, because you will be leasing a more expensive car at higher MF, your payment should be a bit higher. I dont know if you would be able to get $500 over invoice though. I would say $1000-1500 is more realistic (although I think a few members were able to get it for less). I went to leaseguide.com/calc.htm and calculated a sample payment for you and got around $688/month if you only put acquisition fee down.
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01-18-2008, 05:06 AM | #4 |
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It's interesting that leasing defies Wall St. and the Fed. The MF went up, while the prime rate is 1% lower than it was a year ago. Just as a person wouldn't refinance a home when the rates go up, a sophisticated buyer wouldn't lease either when the rate has gone unfavorable. Recessions are interesting to say the least. I saw the Garmin Nuvi 680 shoot up $100 this week online, so I'm not buying it--not willing to pay any price when in general electronics go down the longer they have been out. This forum may not be representative of the general public buying BMWs, but demand here is very inelastic.
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01-18-2008, 05:44 AM | #5 |
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If you are changing from a step to a MT, you wil be saving easy money, and that will be toward the premium package..I don't know the leases on the coupes like STATUS might lol, but I would say his negotiating price is about right. I mean the first time, unless your close with the dealership manager already, they are going to try n steak sum GOUDA (money). Since this is your second time around, I would start by saying you owned a previous BMW and you were looking for a better price. First time I walked into an UNKNOWN BMW dealership, they actually took 2g's off the MSRP* no questions asked...now i don't know if that's just luck, but I ended up with a better deal with my buddy. I would probably try negotiating $2500 under MSRP..sounds safe
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01-18-2008, 12:37 PM | #6 | |
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Quote:
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01-18-2008, 01:41 PM | #7 | |
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hey i met you at the meet back in november 2006. There was only 3 of us there with 335's I was the white one. I think could have did alot better on the deal you got. Like i mentioned then, my friend owns a leasing company. PM me for my details. I think i could get you a good price. The current MF is .00235 which isnt that good and the residuals are the same. Plus i dont think you will get one for 500 over invoice. Maybe 1000. The difference in 500 and 1000 over invoice is about 15 bucks a month an 36 month lease. With that msrp of 48,950 and @ 1000 over invoice rolling in the bank fee and tax your talking about 740 a month with only 1st pmt, plates and documention up front. But figure 730-740ish. Figure in that range. |
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