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.
My sisters been with BMW now for 12 years. Her lease is up. She's looking at a 330ci with the performance package and pretty loaded. The total cost of the vehicle is close to $47,000. Personally I think she got screwed on all her 3 series leases as all they've done is just tack on a bigger payment to the original one over the years.
This one's a 2004 model. Originally she was going to order it, but they found one to her specs coming over in the boat from Germany in 2 weeks, but the numbers scare me. Her lease is up at the end of the month so timing is everything and she can't wait for a 2005 even though they'll extend the lease for 3 months.
The deal is :
No lease incentives / no dealer incentives / no drop in price on a 2004 model
She's got perfect credit
Like I said, she's been with BMW for 12 years
and they throw a $770 payment at her plus tax
residual : 54%
Money Factor : .0028
Seems outrageous. Las Vegas has only two BMW dealerships and they are owned by the same company, so not much of a competition. The Money factor seems way too high on a 2004 with someone that has perfect credit.
Would someone know where to get BMW financial services current money factors on the 3 series and if not, would anyone know if that $2400 dealer incentive still applies as it was supposed to end June 30th and I heard it's been continued to August. If noone knows the answers, could someone guide me to where I should post a question like this. I want to go back to the dealership knowing what the current BMWFS money factors are to see how much she's getting screwed, plus know if there are any incentives which are available that this dealer isn't providing for her.
Originally posted by cakman2@Jul 3 2004, 11:42 PM screwed. Should be closer to $550 max.
Agreed. My car was 46k and they originally wanted $650 with the same numbers. I said no and they immediately backed down to $580. I still felt that was too high so I called my credit union and just bought it.
__________________ 2004 325CiC Convertible; Silver Gray Paint, Gray Leather, Black Top, Sport Package, Premium Package, Xenons, heated seats, but too cheap to buy the nav...
If you are sure about the selling price just give me the MSRP of the car and I will give you the interest rate you are paying based on that $770 payment (most probably the rate is set by the finance source, that is assuming that BWM finance is doing the lease, the dealer is simply increasing his profit margin on the car). BTW if you have the residual value it would be even better than the MSRP. Does the $47,000 price include transport PDI and whatever other cost they may be charging you or not? Make sure that you include all options that can be residualized on the MSRP.
At the end of the day if they are not willing to give you the purchase price, payment b4 taxes and the residual I would simply walk out and not look back. The rest is all math!
Money factors were invented by finance guys to confuse the masses.
Tell her to check with her dealer again. BMW was bein greedy the past few months. Prices just dropped substantially on July 2. I am getting my 2004 330Ci today and my car is only 2 thousand cheaper. My payments are NOT more than $600 a month on a lease, with 5k down, 15k miles, and 36 months. Hopefully it will be cheaper for her to if she checks again.
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