330i quote, what do you think?

mattldm · 11-17-2005, 08:55 AM

I got a quote from a local dealer over the internet. This was his first offer, and to be honest it was a bit lower than I expected. So what do you think

Ti Silver - Black interior with Poplar trim
2006 330i 6 spd manual - Sport, Premium, Sun Shades, Comfort Access, Metallic Paint, Fold down seats.

$1000 over invoice + $330 MACO
Lease: 36 months 12K year $0 down
$1861.00 Drive off and $557 month including tax.
-OR-
$950.00 Drive off and $584 month including tax.

The difference is the lease acquisition cost either paying it as part of the drive off, or as part of the cap cost on the car.

Looks good to me!

ap1994 · 11-17-2005, 09:14 AM

Matt,
I negotiated $750 over invoice for a total price of $40,500 (Sports, navigation, Comfort, Sat prep, heated seats, metallic paint) for my car via lease with 15k per year for 3 years. My total cost is less per month including CT tax at 6% with the $1,900 down (no cap cost reduction though). Make certain you get the following:
Negotiated sales price
Money factor .00195 for November
Residual value 62% for 15k per year, its better for 12k

Unless I am mistaken, you should have a slightly better payment than I do.
Andy

ben1364 · 11-17-2005, 09:16 AM

You should be able to beat $1330 over invoice.

mattldm · 11-17-2005, 09:19 AM

He marked up the money factor a bit from .00195, which I expected. The monthly payment is in the range I expected, and so I dont think I am going to bust his balls over a few dollars a month.

I will just make sure he includes floor mats and see if he will throw in the poplar shift knob so I wont have the silver knob with wood trim!

Of course this whole deal is contingent upon them taking my current car in before the lease is up... which might cause them to eat a little cost, so all in all I think its a pretty good deal.

abc · 11-17-2005, 10:41 AM

what's the 'money factor' again?

mattldm · 11-17-2005, 11:34 AM

money factor is the interest rate used for leases. Basically it is the interest rate in % divided by 2400, so .00195 * 2400 = 4.68%

850CSi · 11-17-2005, 11:49 AM

Quote:

Originally Posted by mattldm

I will just make sure he includes floor mats and see if he will throw in the poplar shift knob so I wont have the silver knob with wood trim!

I was thinking about that, but after seeing mine, I think the silver knob probably looks better than a wood one will. Especially since there are other silver touches in the interior.

ap1994 · 11-17-2005, 03:56 PM

Dont let him mark up the money factor. Just ask and they should reduce it.
Andy

jmcphillips1 · 11-17-2005, 04:09 PM

Get it, is my opinion

2006bmw · 11-17-2005, 04:51 PM

Decent deal. No reason that I see to spend your time to run around to get an additional $300 - $400 off on a $40,000 car--but it looks like he's sneaking in $200 on the lease acquisition--BMWFS charges $625.

mattldm · 11-17-2005, 09:15 PM

Thanks for all the responses but it looks like the deal is off,

:mad:

They are not able to get me out of my current lease without me having to pay about $1000. I am not going to do that, so I guess I will have to wait until my lease is up

11-17-2005, 08:55 AM	#1
mattldm M40i Soon! 27 Rep 175 Posts Drives: 2020 X3 M40i coming soon Join Date: May 2005 Location: So Cal - 909 iTrader: (0)	330i quote, what do you think? I got a quote from a local dealer over the internet. This was his first offer, and to be honest it was a bit lower than I expected. So what do you think Ti Silver - Black interior with Poplar trim 2006 330i 6 spd manual - Sport, Premium, Sun Shades, Comfort Access, Metallic Paint, Fold down seats. $1000 over invoice + $330 MACO Lease: 36 months 12K year $0 down $1861.00 Drive off and $557 month including tax. -OR- $950.00 Drive off and $584 month including tax. The difference is the lease acquisition cost either paying it as part of the drive off, or as part of the cap cost on the car. Looks good to me!
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11-17-2005, 09:14 AM	#2
ap1994 Private 7 Rep 93 Posts Drives: 2006 BMW 330i Join Date: Oct 2005 Location: Middlebury, CT iTrader: (0)	Matt, I negotiated $750 over invoice for a total price of $40,500 (Sports, navigation, Comfort, Sat prep, heated seats, metallic paint) for my car via lease with 15k per year for 3 years. My total cost is less per month including CT tax at 6% with the $1,900 down (no cap cost reduction though). Make certain you get the following: Negotiated sales price Money factor .00195 for November Residual value 62% for 15k per year, its better for 12k Unless I am mistaken, you should have a slightly better payment than I do. Andy __________________ 330i Titanium Silver, Black, Aluminum trim, Comfort Access, Heated Seats, Sport, Bluetooth, Nav, Sat prep
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11-17-2005, 09:16 AM	#3
ben1364 Captain 14 Rep 940 Posts Drives: E90 330iA Join Date: Aug 2005 Location: Georgetown, TX iTrader: (0)	You should be able to beat $1330 over invoice.
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11-17-2005, 09:19 AM	#4
mattldm M40i Soon! 27 Rep 175 Posts Drives: 2020 X3 M40i coming soon Join Date: May 2005 Location: So Cal - 909 iTrader: (0)	He marked up the money factor a bit from .00195, which I expected. The monthly payment is in the range I expected, and so I dont think I am going to bust his balls over a few dollars a month. I will just make sure he includes floor mats and see if he will throw in the poplar shift knob so I wont have the silver knob with wood trim! Of course this whole deal is contingent upon them taking my current car in before the lease is up... which might cause them to eat a little cost, so all in all I think its a pretty good deal.
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11-17-2005, 10:41 AM	#5
abc Captain 27 Rep 772 Posts Drives: 325 Join Date: May 2005 Location: NYC iTrader: (0)	what's the 'money factor' again?
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11-17-2005, 11:34 AM	#6
mattldm M40i Soon! 27 Rep 175 Posts Drives: 2020 X3 M40i coming soon Join Date: May 2005 Location: So Cal - 909 iTrader: (0)	money factor is the interest rate used for leases. Basically it is the interest rate in % divided by 2400, so .00195 * 2400 = 4.68%
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11-17-2005, 03:56 PM	#8
ap1994 Private 7 Rep 93 Posts Drives: 2006 BMW 330i Join Date: Oct 2005 Location: Middlebury, CT iTrader: (0)	Dont let him mark up the money factor. Just ask and they should reduce it. Andy __________________ 330i Titanium Silver, Black, Aluminum trim, Comfort Access, Heated Seats, Sport, Bluetooth, Nav, Sat prep
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11-17-2005, 04:09 PM	#9
jmcphillips1 Captain 60 Rep 667 Posts Drives: 2012 128 Coupe Join Date: Oct 2005 Location: Alabama iTrader: (1) Garage List 2012 BMW 128i Coupe [0.00]	Get it, is my opinion
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11-17-2005, 04:51 PM	#10
2006bmw First Class Privates 10 Rep 181 Posts Drives: '06 330i Join Date: Oct 2005 Location: L.A. iTrader: (0)	Decent deal. No reason that I see to spend your time to run around to get an additional $300 - $400 off on a $40,000 car--but it looks like he's sneaking in $200 on the lease acquisition--BMWFS charges $625. __________________ Conceived: 10/26/05 Born: 11/08/05 Delivered: 12/17/05 \| 330i \| 6 M/T \| AW \| Terra \| Walnut \| SPP \| ZSP \| CA
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11-17-2005, 09:15 PM	#11
mattldm M40i Soon! 27 Rep 175 Posts Drives: 2020 X3 M40i coming soon Join Date: May 2005 Location: So Cal - 909 iTrader: (0)	Thanks for all the responses but it looks like the deal is off, :mad: They are not able to get me out of my current lease without me having to pay about $1000. I am not going to do that, so I guess I will have to wait until my lease is up
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