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      01-09-2013, 10:59 AM   #1
Jino313
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Is this reasonable fees for leasing F30 335i M sport??

Hello all

I have just placed an order for my first BMW(excited!!!!) but i was shocked by fees the dealer is charging.

Please someone tell me if it is reasonable.

Details.........

F30 335i / M sports / AW / Coral red / Tech Pak / HK / Heated front seat / Parking distance control

MSRP $53,570
Final price $ 49,170 (Included holiday incentive)
Residual 59%
MF 0.0013 for 39 months
No downpayment

Monthly payment $597.95 (tax included)

----------------------------/-----------------------------

Fees!!!!!

DMV $382
*Doc. $299
Aqu. $725
Luxury tax $200.68
Sales tax on * item $90.93

Total fees $1697.61

So total due at signing is $2294.07 with first month payment

----------------------------------------------------------------------

Am i getting a decent deal?? Little worried for being first time.

Thanks in advance.

Last edited by Jino313; 01-09-2013 at 05:58 PM.
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      01-09-2013, 11:06 AM   #2
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How many k? is your lease? Based on your residual must be a 12k lease?
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      01-09-2013, 11:11 AM   #3
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What's the DMV fees for? Is that just for registration etc? If so you're getting raped on those I think. Here in NY licensing fee is 230, registration is $10, dealer charges $252 to have it all done by him, or you can waive those and just go to the DMV yourself for license/registration.

Also what's Aqu? Acquisition fee? If so that's probably a bullshit fee too. Shipping/delivery costs are already rolled into MSRP, and if they claim it's to "acquire it from another dealership" that's bullshit too since trading between dealerships is common practice and shouldn't be charged to you.

Finally, Documentation fees are pure dealership profit unless they're paying for a notary or sth for liens etc. You may be able to cut that down/out, but most dealers will insist on that if you negotiated a low sales price so they make some money.
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      01-09-2013, 11:16 AM   #4
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I don't think Acquisition fees are negotiable - those come from BMWFS (lessee) and are a part of every lease deal. DMW seems very high - here in VA tax/title/fees is $67. Doc fee is different for every dealer but varies from $200-400 - you can try to negotiate that but they will give you a hard time. I have no idea what the luxury tax line item you list is.
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      01-09-2013, 11:16 AM   #5
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Originally Posted by kobechrome View Post
How many k? is your lease? Based on your residual must be a 12k lease?
Yes it is 12k
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      01-09-2013, 11:19 AM   #6
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Originally Posted by kobechrome View Post
I don't think Acquisition fees are negotiable - those come from BMWFS (lessee) and are a part of every lease deal. DMW seems very high - here in VA tax/title/fees is $67. Doc fee is different for every dealer but varies from $200-400 - you can try to negotiate that but they will give you a hard time. I have no idea what the luxury tax line item you list is.
I was told that there is luxury tax on any car above $40k......
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      01-09-2013, 11:22 AM   #7
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I was told that there is luxury tax on any car above $40k......
Varies from state to state. Doubt dealer would lie about taxes. Pretty sure it's for NJ.
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      01-09-2013, 11:29 AM   #8
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Varies from state to state. Doubt dealer would lie about taxes. Pretty sure it's for NJ.
Yes i am in NJ wow

Will it be cheaper on fees if i go to NYC??
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      01-09-2013, 11:32 AM   #9
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Originally Posted by Jino313 View Post
Yes i am in NJ wow

Will it be cheaper on fees if i go to NYC??
Possibly, but the base price might be more in NYC since dealers have more overheads. Doesn't hurt to shop around though.
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      01-09-2013, 11:51 AM   #10
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Originally Posted by Tsuyoi View Post
Varies from state to state. Doubt dealer would lie about taxes. Pretty sure it's for NJ.
Here is info on NJ Luxury Tax
http://www.nj.gov/mvc/pdf/Vehicles/luxtaxletter.pdf

Here is a breakdown of the NJ DMV fees.
http://www.nj.gov/mvc/Vehicle/Fees.htm

Please ask your dealership why they are charging over $300 for something that looks like it should only be $90. If they say its because of the work they have to do. Ask then why are you charging me $300 documentation fee??

Aquisition fees are normal on leases. The base fee from bMW is $725.

Your sale price is super high too. Check out bmwconfig.com to determine your invoice. You should pay no more the $500 over invoice BEFORE incentives.

Last edited by chrisv_335EBII; 01-09-2013 at 11:56 AM.
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      01-09-2013, 11:52 AM   #11
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Originally Posted by Jino313 View Post
Yes i am in NJ wow

Will it be cheaper on fees if i go to NYC??
No, tax is based on where you register the car and not where you buy it. If you live in NJ you have to pay the tax.
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      01-09-2013, 11:59 AM   #12
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Quote:
Originally Posted by Jino313 View Post
F30 335i / M sports / AW / Coral red / Tech Pak / HK / Hated front seat / Parking distance control
Question about your built.

What transmission are you getting? If automatic make sure you get the Sport Automatic.

No premium package? You are paying for the leather already. The few extra $$$ you pay for premium will be a $5 increase on your monthly for a lease and you get nice extras. I would also recommend the Cold Weather package. I LOVE LOVE LOVE the heated steering wheel. Its so nice....
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      01-09-2013, 12:08 PM   #13
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Originally Posted by chrisv_335EBII View Post
Here is info on NJ Luxury Tax
http://www.nj.gov/mvc/pdf/Vehicles/luxtaxletter.pdf

Here is a breakdown of the NJ DMV fees.
http://www.nj.gov/mvc/Vehicle/Fees.htm

Please ask your dealership why they are charging over $300 for something that looks like it should only be $90. If they say its because of the work they have to do. Ask then why are you charging me $300 documentation fee??

Aquisition fees are normal on leases. The base fee from bMW is $725.

Your sale price is super high too. Check out bmwconfig.com to determine your invoice. You should pay no more the $500 over invoice BEFORE incentives.

I have asked why their fees are high of course andi was told that other dealers are charging similar. The person called two other dealerships in front of me to justify this.
Thanks for enlightening me!
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      01-09-2013, 12:12 PM   #14
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Originally Posted by chrisv_335EBII View Post
Question about your built.

What transmission are you getting? If automatic make sure you get the Sport Automatic.

No premium package? You are paying for the leather already. The few extra $$$ you pay for premium will be a $5 increase on your monthly for a lease and you get nice extras. I would also recommend the Cold Weather package. I LOVE LOVE LOVE the heated steering wheel. Its so nice....
it is manual transmission
I have never thought about getting premium pak kkkkk ^^
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      01-09-2013, 03:14 PM   #15
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Ask them if they can remove the DMV fee so you can do the title registration yourself.
This way you'll only have to pay the 90 to DMV and save the 200 to BMW.
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      01-10-2013, 10:51 AM   #16
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Theres no luxury tax on this car especially for a lease, its just padded for additional profit. You can get rid of that.

$90 tax on $299? unless NJ tax rate is 30% then it doesnt add up. This is likely tax for Acquisition fee and doc fee and some of the other charges since your tax rate is only 7%.

If you want more information, you can PM me or email me your buyers order and i will analyze the crap out of it for you. You can leave the part with your name and address out if you wish.
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Originally Posted by MWM1166
Long story short. He was a huge black male. Probably 6'2" or taller and 250 lbs. He was angry as hell, and I am a tiny 5'4 white male. So, I did the only thing I could, I threw my car into reverse and no one was behind me, and I drove thru the red light as I went around him.
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      01-10-2013, 10:57 AM   #17
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Ask them if they can remove the DMV fee so you can do the title registration yourself.
This way you'll only have to pay the 90 to DMV and save the 200 to BMW.
Cant remove DMV fee on leased or financed car. Its a bank requirement for dealer to make sure vehicle is registered therefore unless youre paying cash then youre stuck with dealer reg fees. Even when you pay cash or have a dealer whos willing to take the risk of violating bank terms (and loss of addl profit) by letting you register they wont release the car until you come back with registration and license plates.

They really dont make much if any money on this, the reason it seems higher is because they have to charge you for the temp and they use a titling agency to register the car as opposed to sending someone down to the DMV. NJ dealer do not have plates, have to use titling agency. I think the confusion is that you are in NY, where the law allows dealers to act as their own private service bureau and have plates on hand there by eliminating need for temp tags, titling agency fees etc. Its also why you pay $250 to register a car in NY @ a NY dealer and $399 to register a car in NJ @ a NJ dealer.
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Quote:
Originally Posted by MWM1166
Long story short. He was a huge black male. Probably 6'2" or taller and 250 lbs. He was angry as hell, and I am a tiny 5'4 white male. So, I did the only thing I could, I threw my car into reverse and no one was behind me, and I drove thru the red light as I went around him.
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      01-10-2013, 11:01 AM   #18
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Quote:
Originally Posted by Jino313 View Post
Hello all

I have just placed an order for my first BMW(excited!!!!) but i was shocked by fees the dealer is charging.

Please someone tell me if it is reasonable.

Details.........

F30 335i / M sports / AW / Coral red / Tech Pak / HK / Heated front seat / Parking distance control

MSRP $53,570
Final price $ 49,170 (Included holiday incentive)
Residual 59%
MF 0.0013 for 39 months
No downpayment

Monthly payment $597.95 (tax included)

----------------------------/-----------------------------

Fees!!!!!

DMV $382
*Doc. $299
Aqu. $725
Luxury tax $200.68
Sales tax on * item $90.93

Total fees $1697.61

So total due at signing is $2294.07 with first month payment

----------------------------------------------------------------------

Am i getting a decent deal?? Little worried for being first time.

Thanks in advance.
You mustve done this deal prior to 1/2/13 and not yesterday... otherwise get ready for you dealer to change a lot of numbers on you.
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Quote:
Originally Posted by MWM1166
Long story short. He was a huge black male. Probably 6'2" or taller and 250 lbs. He was angry as hell, and I am a tiny 5'4 white male. So, I did the only thing I could, I threw my car into reverse and no one was behind me, and I drove thru the red light as I went around him.
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      01-11-2013, 01:35 AM   #19
Jino313
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You mustve done this deal prior to 1/2/13 and not yesterday... otherwise get ready for you dealer to change a lot of numbers on you.
Yes i did it on 12/31/2012.
I know there is $350 increase on base MSRP since then but what other numbers would be changed? MF or RV?? As far as i know the Prices for Pak / options stay same.
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      01-11-2013, 09:01 AM   #20
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Originally Posted by Jino313 View Post
Yes i did it on 12/31/2012.
I know there is $350 increase on base MSRP since then but what other numbers would be changed? MF or RV?? As far as i know the Prices for Pak / options stay same.

Base price of car just goes up $350 on the MSRP side and $320 on the invoice side. You should ask the dealer to eat the difference but if you dont want to bother it will be only be like a $5/month difference on the lease. Seems like your rates got locked in so you MF and Res wont change.

You should get that luxury tax bs taken off, bringing you down to $2094, and your payment of $597. If you want more rounded #s, tell them 2000 and 600 a month.
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Quote:
Originally Posted by MWM1166
Long story short. He was a huge black male. Probably 6'2" or taller and 250 lbs. He was angry as hell, and I am a tiny 5'4 white male. So, I did the only thing I could, I threw my car into reverse and no one was behind me, and I drove thru the red light as I went around him.
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      01-20-2013, 12:57 PM   #21
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What dealership in NJ is this? I have had positive experiences at both Circle (Long Branch) and Open Road (Edison) for what it's worth.

I'm also curious if the 500-600 range is really doable with no money down for a 335 M sport car. I expected higher.
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      01-25-2013, 07:12 PM   #22
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I got a feeling this is from Dch freehold bmw. Good service dept but would never buy a bmw from them again though.
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