[SrinivasanES]

Let me know if something is fishy or can be improved, as i need to make an order for 2011 model very soon. thx for your help.

VEHICLE: 2011 BMW 335i Convertible COLOR: Vermillion Red UPHOLSTERY:

Index Description MSRP
Base Price $51,200.00
0205 STEPTRONIC Automatic Transmission 1,375.00
0ZPP Premium Package 1,650.00
0ZSP Sports Package (2XA required w/ 205) 1,400.00
0ZCV Convenience Package 1,250.00
02XA Sports Steering Wheel/Paddle Shifters 100.00
04BY Bamboo Anthracite Wood Trim 0.00
04UT Through-loading system w/Bag 195.00
0609 Navigation System 2,100.00
0688 Harmon Kardon Sound System 875.00
Metallic Paint 550.00

Destination and Handling 875.00
TOTAL AS EQUIPPED $61,570.00
SELLING PRICE $58,584.00

Finance Information
Lender BMW Financial Services
Term 60 Months
Rate 5.99%

Selling Price $58,584.00
Documentation Fee $55.00
Sales Tax ( 8.75%) $5,130.91
License & Registration $756.75
Cash Down $5,000.00
Trade Equity $0.00

Total Down $5,000.00

Amount Financed $59,526.66
Finance Charge $9,505.76

Total Cost $74,032.42

Monthly Payment $1,150.54

[souzar]

Ouch, 10K in interest. I would never pay that much.

[SrinivasanES]

Forget the interest. Even i am not ready for that. But, how about the rest of the numbers?
thanks,

[TT3 iN NyC]

I'd say lease it. My car is financed and this is the LAST FINANCING of a car I'll ever do... I'm sure you can get something much better with a $1150/month payment.

[MontegoGoGoGo]

Is there a reason you're only putting $5,000 down?

[CarForHire]

I personally would never.

[CarForHire]

I personally would never.

[WilliamE92]

you could get a well equipped M3 for that price

[SrinivasanES]

I see everybody commenting on the financing front. Pl take the financing out of the picture, as the financing portion is from a dealer's assumption, i may put down as much as 25k, and i am not comfortble with leasing, as it has got its own disadvantages, one of them mainly the limited mileage option and others. So, i have to decided to purchase, only question is the price+options...
How much low can i negotiate considering it is 2011 model.

[SrinivasanES]

u see i want to go for converible..
M3's dont come in converible option, do they?

[CarForHire]

Originally Posted by SrinivasanES

u see i want to go for converible..
M3's dont come in converible option, do they?

They do.

[MontegoGoGoGo]

Sounds like you need to do more research above and beyond asking questions here.

[E_Ninety]

Originally Posted by CarForHire

They do.

Lol thats not even close to that price tho. m3 convertible is around 85k+?

[DASHOCKER]

Originally Posted by WilliamE92

you could get a well equipped M3 for that price

Or M5.

[BimmrGirl]

Originally Posted by SrinivasanES

Let me know if something is fishy or can be improved, as i need to make an order for 2011 model very soon. thx for your help.

VEHICLE: 2011 BMW 335i Convertible COLOR: Vermillion Red UPHOLSTERY:

Total Cost $74,032.42

Monthly Payment $1,150.54

Oh wow! I'd rather get an 09 or even an 08 M3 for that price

[Topless 335i]

I bought my car new in 2008 with the same exact options as you except I don't have metallic paint. I got the car wit 0.9% interest and pay 996/mo so I think it's just the interest raping you.

[hjernazian]

$58k for the vert? why don't you just get the 335is coupe? sorry, but i guess it's just a matter of preference.

[bmw-st]

I feel sorry for the OP as most of the respondents weren't even care to read his questions before answering.

Here's what I thought -

I think you can do better than that.

Here's what I know. BMW is offering cerdit for automatic transmission (YES, they are offering credit on the 2011 models because I just ordered mine 3 weeks ago!), therefore, you should try to get at least another $1,305 deducted from your quoted price.

Dealer's invoice price should be around $56,580. A fair deal would be $56,580 + $1000 = $57,580 minus AT transmission credit ($1305)= $56275.

At this point, I can say you are over-paying for this car by a wide margin (at least $1500 - $2000).

Let me know if you have any questions.

NBD

[SrinivasanES]

One thing is you can always learn from other's experience. So, i can go back & do more research or learn from others. I have decided to be little smart and chose the second route... :-)

Now, on your part, you can be sarcastic or helpful, and it is upto you to choose what you want to be..... :-)

Well, i would need a convertible but within a price range, so Mx is out of option for me, as they would shoot upto 100K depending on the models + options.

Bottomline is for the 2011 model, is it fair to pay 500 over invoice + maco (380) + doc fee (55) thus about $900 in dealer profit, seems like it can be better.
Any suggestions?

Also, what is a nominal lic+reg fee in california? Any help is appreciated.

[SrinivasanES]

Thanks NewBimmerDriver. This was very useful. But, there is a spring drive credit going on for 2010 models? Are you sure they are offering one for 2011.
And, 2011 3series sedan is not getting a refresh right, so they may be offering (if at all) credit for sedans and not for coupes/convertibles which are getting refreshed.

thanks

[bmw-st]

Yes, I just ordered my 2011 335i sedan 3 weeks ago (this is not the same as the spring drive credit they are offering on the remaining 2010 models).

You should check with other dealerships to confirm this information. I am not certain if BMW is extending this offer to the coupes and convertibles, but they should.

NBD

[SrinivasanES]

Thanks.
Bottomline is for the 2011 model, is it fair to pay 500 over invoice + maco (380) + doc fee (55) thus about $900 in dealer profit, seems like it can be better.
Any suggestions?

Also, what is a nominal lic+reg fee in california? Any help is appreciated.