3-Series (E46, E90)Chat relating to the BMW 3-Series from 1999 to Current. Models include: BMW 316i, BMW 318i, BMW 318Ci, BMW 320i, BMW 323i, BMW 325i, BMW 330i, BMW 328 Ci, BMW 328i, BMW 325i/xi, BMW 330Ci, BMW 320d, BMW 330d, BMW 335d.
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Originally posted by abraigbmw@May 22 2004, 12:05 AM I'm new to the forum, thinking of trading in my '99 Civic SE tomorrow for a brand new 325i (3-yr lease).
Any comments or suggestions? Something I should watch out for or be concerned about?
Don't let the stealer screw you with a bad money factor and residual. Mine came back with rediculous numbers before ever running a credit check. I already had financing and he had the car on the lot, so I just paid for it and gave him a bad review when the dealer called for my survey.
Educate yourself on what is a good money factor. It does not equal a percentage rate. The one he gave me was equal to 10% financing.
I am paying $25 more per month than his lease offer.
__________________ 2004 325CiC Convertible; Silver Gray Paint, Gray Leather, Black Top, Sport Package, Premium Package, Xenons, heated seats, but too cheap to buy the nav...
I am getting 1.9%, I think that's pretty good, but their PDI and security deposit together are almost 2,000! These guys don't like give people deals, at any other dealer you can get a couple of grand off right from the start..
__________________ 1998 jet black 328is M-pkg 5spd
Originally posted by abraigbmw@May 22 2004, 05:33 PM I am getting 1.9%, I think that's pretty good, but their PDI and security deposit together are almost 2,000! These guys don't like give people deals, at any other dealer you can get a couple of grand off right from the start..
Is 1.9 the APR or the money factor? They are not the same. If I remember correctly, 1.9 MF = approx 4.56 apr for a financed loan.
The money factor x2.5 = your apr on a lease. I'm a new car dealer. Hope that helps. BTW- When a dealer shows you a low leasing price(what they sell the car to the leasing company for) they make it up on the money factor reserve. As a rule of thumb, the can add 3 points for a manufacter leasing company(chrysler, gmac, etc) and 4 points on an independant (chase, household)
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