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      08-28-2017, 02:01 PM   #1
Matteo88
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2018 340i Deal?

hey canadian friends. potential new bimmer owner here--mostly sold on the 340i but realize my timing may be off for a decent deal. just looking for advice on the attached deal. can i expect to negotiate a much better deal than this on a 2018? i would go for a 2017 but there are no 6MT rwd models in inventory. i realize this quote has xDrive and says 2017 but that's because salespeople don't listen if i ordered today it would be ready in december. i probably won't move forward on the purchase if a better deal isn't available. just don't believe the car is worth $900+/month tax in. prefer a shorter term (36 or 39mo) as well.

also posted this on the general "post your deals" for some advice there. we should have a "post your deals" sticky here as well i think.

B73 - 340i xDrive Sedan $55,450.00, No Charge Scheduled Maintenance 4yr/80k
$0.00, Z4E - Premium Package Essential $3,500.00, Z5Z - M Performance Package
$1,900.00, ZP2 - M Performance Package II $2,800.00, 21C - 19inch M Light Alloy
Wheel, Double-Spoke, Bicolour Orbit Grey, Mixed RFT $0.00, 4WG - Aluminum
Hexagon Trim w/ High-Gloss Black Highlight $0.00, ZMA - 6 Speed Manual
Transmission $0.00, B45 - Estoril Blue Metallic $895.00, LCDJ - Saddle Brown Dakota
Leather $0.00, Rubber Mats and Wheel Locks $249.00, Excess Wear & Use
Protection $1,404.00

PRICE DISCLOSURE
For Option:
MSRP:$64,545.00
Options (see above):$1,653.00
Total List:$66,198.00
Adjustment: ($2,800.00)
Trade Downpayment:0
DIFFERENCE:$63,398.00
Filing/PPSA Fees:0
Other:0
Financed Amount:0

LEASING TERMS:
Leasing Company:BMW FS
Interest Rate: / APR:2.90% / 3.20%
Payment Type:MONTHLY
Term:48
TOTAL KMs at Lease End:96000
Cash Downpayment:0
Residual: (46%, 46%) $29,690.70
LEASE PAYMENT: $814.38
HST:$105.87
PST:0
TOTAL PAYMENT:$920.25
OPT 1
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      08-28-2017, 02:45 PM   #2
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-say no to mats & wheel locks charge (after all, you are leasing. Why pay for them, either have dealer throw them in for free or you can go to Cdn Tire and get your own for at least 1/2 price)

- shoot for 6%. 3 series have always been discounted for such at most dealers as this is their volume selling cars.

- if you don't drive 24,000km per year, then go for a much lower mileage allowance which will result in saving you some $ over the course of the lease term

You need to clarify what is the amount due on delivery to avoid any hidden fees to be charged at that time. PPSA fee + full tank of gas + license fee are all usually collected on delivery day at some dealers
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      08-28-2017, 03:10 PM   #3
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HI Matteo88

I got a 2017 340 xi 6MT on July 17th with:
white on black (blue contrast stitching
Prem essential
M Perf 1 and 2

It was about $648xx
but i got $3000 adjustment
Incentive $3500
Lease rate of 0.9%

While my old car was a trade for $2800 to cost of all that i used for pickup

my lease is for 4 yrs and 16000km per year

it was $588 a month or $645 after tax.

If you don't plan on getting the Digital Dash as an option, there is really no point if getting the 2018 at a high rate and less incentives.
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      08-28-2017, 03:38 PM   #4
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Quote:
Originally Posted by Kvince View Post
HI Matteo88

I got a 2017 340 xi 6MT on July 17th with:
white on black (blue contrast stitching
Prem essential
M Perf 1 and 2

It was about $648xx
but i got $3000 adjustment
Incentive $3500
Lease rate of 0.9%

While my old car was a trade for $2800 to cost of all that i used for pickup

my lease is for 4 yrs and 16000km per year

it was $588 a month or $645 after tax.

If you don't plan on getting the Digital Dash as an option, there is really no point if getting the 2018 at a high rate and less incentives.
thanks guys. was pretty sure the digital dash was only on the 4 series, though i could be wrong. i actually *don't* want the digital dash lol. i'm a needles and knobs kinda guy which is why i am leaning towards the 340i over the c43.

any advice regarding when to pull the trigger on this? should i just wait for 1.9% financing to come in the late winter/spring? do residuals change much as time goes on?

i do need 24k kms as i currently average 25K per year. have a sales job that requires me to drive everywhere. 95% of the mileage is highway--too bad that doesn't get me a discount

when i get closer to pulling the trigger i'd push for a minimum 5% discount from MSRP. thanks for sharing your deals--$3500 and 0.9% are big factors. its what got me to start looking more seriously but i missed the 2017s by a bit unfortunately.
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      08-28-2017, 03:56 PM   #5
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yeah check this out... looks like it's part of "executive package" only but that sounds like a US thing. i have the 2018 order guide for canada and it is only stated as an option on the 330e and 330i xDrive as part of a ZQ2 M Sport Edition II package...

http://f30.bimmerpost.com/forums/sho...php?t=1393172#
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      08-29-2017, 07:24 AM   #6
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If you want the 1.9% for 18, you are going to have to wait a long while, perhaps in December, but don't forget residual will also be lowered by December as well as the car model year ages/depreciate. I would think there would be some sort of Xmas factory credit to go along at that time too.
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      08-29-2017, 12:27 PM   #7
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My deal is kinda shitty compared to some of them out there but that's cause I had some negative equity carried over from my M3 ($5K I was told).

2017 440i xDrive Gran Coupe
Premium essential
M Perf 1 and 2 (which is what I wanted and this car was more $ than most others of better colours I liked such as Estoril Blue)
48 months
16,000 km's
Just around $950/month all in

That being said my dealer offered to switch me out in a year to any vehicle (including same but brand new if I wanted) without any penalties and extra costs regardless of how much mileage I put on it in a year. Presumably at that time my monthly payments will go down as I won't have any carried over negative equity like I did with my M3. And that's exactly my plan, if I find something else I like I will lease that otherwise even get a brand new 440 instead. Now I understand that 440 isn't exactly 340 and it's slightly more $ I think but hopefully this helps somewhat.
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      08-29-2017, 09:37 PM   #8
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Quote:
Originally Posted by bobblehead View Post
If you want the 1.9% for 18, you are going to have to wait a long while, perhaps in December, but don't forget residual will also be lowered by December as well as the car model year ages/depreciate. I would think there would be some sort of Xmas factory credit to go along at that time too.
thanks bobblehead. any idea how the residuals will likely change? does that normally offset the lease rate so monthly payment doesn't change much?

this is dumb. 2018 is the same damn car lol.
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      08-29-2017, 09:40 PM   #9
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Quote:
Originally Posted by reyoasian View Post
What I would've gotten if I purchased my car from a GTA dealership:

2017 340i xDrive 8AT
White on Black
M Performance I
M Performance II
Premium Essential

MSRP: $63,650
Factory credit: $3,500
Dealership discount: $4,455.50 (7%)
Loyalty lease rate: 0.1%
No BS charges (Nitrogen, Wheel locks, Winter mats, Security, Fuel, etc.)
Reasonable Admin fee ($388)
Only other fees: Freight, PDI, OMVIC, AC Tax, OTS, PPSA, Licensing, and Security Deposit (refunded at end of lease)
DOD: First month, Security Deposit, Licensing, PPSA +tax (all others were rolled into monthly payment)

Mileage: 16,000km annually
Term: 48 months
Residual: 49%
Downpayment: $0
Monthly: $655 tax in

BMW always have good factory incentives during June and December each year.
For a 2018 right now I'd aim for 6.5% + no BS fees.
that sounds like some good advice. plus an order in december means i'm picking it up in april so i won't need to put snows on it yet either. i'm shooting for 750ish before tax on 36 months and 24000kms.
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      08-29-2017, 09:43 PM   #10
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Quote:
Originally Posted by ksa View Post
My deal is kinda shitty compared to some of them out there but that's cause I had some negative equity carried over from my M3 ($5K I was told).

2017 440i xDrive Gran Coupe
Premium essential
M Perf 1 and 2 (which is what I wanted and this car was more $ than most others of better colours I liked such as Estoril Blue)
48 months
16,000 km's
Just around $950/month all in

That being said my dealer offered to switch me out in a year to any vehicle (including same but brand new if I wanted) without any penalties and extra costs regardless of how much mileage I put on it in a year. Presumably at that time my monthly payments will go down as I won't have any carried over negative equity like I did with my M3. And that's exactly my plan, if I find something else I like I will lease that otherwise even get a brand new 440 instead. Now I understand that 440 isn't exactly 340 and it's slightly more $ I think but hopefully this helps somewhat.
i can't click appreciate yet so i have to type a reply. that's some good info. the negative equity on the old ride does add another factor but i'm thinking anything over $800/month pre tax isn't worth it for me. i can manage the payments but don't want to overpay, particularly because it's not *exactly* the car i want. not being able to link the dual climate control is almost a deal breaker for me lol. and the auto wipers are a pain in the ass too.
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      08-29-2017, 09:59 PM   #11
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Quote:
Originally Posted by Matteo88 View Post
Quote:
Originally Posted by ksa View Post
My deal is kinda shitty compared to some of them out there but that's cause I had some negative equity carried over from my M3 ($5K I was told).

2017 440i xDrive Gran Coupe
Premium essential
M Perf 1 and 2 (which is what I wanted and this car was more $ than most others of better colours I liked such as Estoril Blue)
48 months
16,000 km's
Just around $950/month all in

That being said my dealer offered to switch me out in a year to any vehicle (including same but brand new if I wanted) without any penalties and extra costs regardless of how much mileage I put on it in a year. Presumably at that time my monthly payments will go down as I won't have any carried over negative equity like I did with my M3. And that's exactly my plan, if I find something else I like I will lease that otherwise even get a brand new 440 instead. Now I understand that 440 isn't exactly 340 and it's slightly more $ I think but hopefully this helps somewhat.
i can't click appreciate yet so i have to type a reply. that's some good info. the negative equity on the old ride does add another factor but i'm thinking anything over $800/month pre tax isn't worth it for me. i can manage the payments but don't want to overpay, particularly because it's not *exactly* the car i want. not being able to link the dual climate control is almost a deal breaker for me lol. and the auto wipers are a pain in the ass too.
Yup makes sense. For me it was somewhat different because I wanted to get out of financing and into leasing. Even at my current payments they are a little less than the M3 but not enough to justify the 'downgrade' if that was the only factor. Plus the way I negotiated like I said I only have to deal with these for a year and then if I opt for the same car I'll be at lower payments. Or I could get whatever, which I am thinking of getting back in another M car like the M6 or 650 Gran coupe of not M car. But it's important to deal with a salesman that has enough pull who can do these kinda swaps for you if the need arises. My guy is in Vancouver and I am in Edmonton. I made the drive still. Even tho my local bmw guy I've bought 3 M's from couldn't do the same deal. Pm if you need contact info. Cheers and good luck.
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      08-30-2017, 01:53 PM   #12
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Quote:
Originally Posted by ksa View Post
Yup makes sense. For me it was somewhat different because I wanted to get out of financing and into leasing. Even at my current payments they are a little less than the M3 but not enough to justify the 'downgrade' if that was the only factor. Plus the way I negotiated like I said I only have to deal with these for a year and then if I opt for the same car I'll be at lower payments. Or I could get whatever, which I am thinking of getting back in another M car like the M6 or 650 Gran coupe of not M car. But it's important to deal with a salesman that has enough pull who can do these kinda swaps for you if the need arises. My guy is in Vancouver and I am in Edmonton. I made the drive still. Even tho my local bmw guy I've bought 3 M's from couldn't do the same deal. Pm if you need contact info. Cheers and good luck.
ouch. i'm in toronto so van is a bit of a drive for me

that's good advice tho i appreciate it.
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      08-30-2017, 02:26 PM   #13
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As you know, I was in the same boat not too long ago. But i'm a proud new owner of a 2017 340XI for a week now. Everything has a price; including a manual transmission.

Found out my price was $7500 since I ended up signing for a 8AT 2017 for a $7500 rebate.

0.9% + $7500 rebate vs. 3.9% full price is the exact price, monthly, for my manual transmission. As much as I love MT, I realized that for $150 every two weeks, I could at least "try" to live without that third pedal.

We'll see in a couple months.
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      08-30-2017, 02:38 PM   #14
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Quote:
Originally Posted by MaximusJ View Post
As you know, I was in the same boat not too long ago. But i'm a proud new owner of a 2017 340XI for a week now. Everything has a price; including a manual transmission.

Found out my price was $7500 since I ended up signing for a 8AT 2017 for a $7500 rebate.

0.9% + $7500 rebate vs. 3.9% full price is the exact price, monthly, for my manual transmission. As much as I love MT, I realized that for $150 every two weeks, I could at least "try" to live without that third pedal.

We'll see in a couple months.
Pff... sellout

Jokes aside, $7,500 off is definitely a good deal for a 340i with the MPPSK. It's quicker too
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      08-30-2017, 03:18 PM   #15
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Pff... sellout

Jokes aside, $7,500 off is definitely a good deal for a 340i with the MPPSK. It's quicker too
for sure. parkview had an EB on black 340i RWD 8AT demo with M performance I on it that i test drove. they were trying hard to sell it to me but weren't giving any sort of deal on it... i was thinking if it was around 650-700/month on a 3 year lease i might bite the bullet and give up my manual but pretty sure i still really want that manual lol.
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      08-30-2017, 03:32 PM   #16
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I negotiated mine recently and a 2-4% price adjustment is pretty par for the course. For it to be a good deal you have to go >6%.

I really miss manual.
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      08-30-2017, 05:17 PM   #17
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Quote:
Originally Posted by DrifterX View Post
Pff... sellout

Jokes aside, $7,500 off is definitely a good deal for a 340i with the MPPSK. It's quicker too
I probably met the best seller i've ever met that week. (Because the whole process demanded quite a good quantity of visits to the dealer) First he tried everything to find one canada-wide that met my standards, but failed. He then tore down every reason why I wanted a manual; its even him that made the maths to bring it down to $150 bi-weekly being my cost for my 6MT; and after seeing me stick to manual still; he said. Well alright, if we can make it happen, we cant make it happen. But give me one last chance. One more testdrive and one more offer and if it fails, it fails.

I will remember this joyride for the rest of my life. Oh man I wouldnt want to buy that demo
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      08-30-2017, 11:18 PM   #18
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I probably met the best seller i've ever met that week. (Because the whole process demanded quite a good quantity of visits to the dealer) First he tried everything to find one canada-wide that met my standards, but failed. He then tore down every reason why I wanted a manual; its even him that made the maths to bring it down to $150 bi-weekly being my cost for my 6MT; and after seeing me stick to manual still; he said. Well alright, if we can make it happen, we cant make it happen. But give me one last chance. One more testdrive and one more offer and if it fails, it fails.

I will remember this joyride for the rest of my life. Oh man I wouldnt want to buy that demo
it's a great auto tho eh??? :P
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      08-31-2017, 07:05 AM   #19
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Quote:
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it's a great auto tho eh??? :P
Definitely. Enjoy it more and more everyday. It was my first AT BMW tho; my past ones were manual; so the whole BMW auto tranny thing was new to me.

It felt like the 6mt and the 8at have two completely different behaviors. The 6MT felt like my old e90, but on steroids; as the 8AT really had that euro feeling with really short speeds and snappy throttle / paddle response. You still get 95+% of the control you have on the MT; thanks to the paddles and quick shifts. But performance wise, a human being will never be able to shift that quick lol. This really is the first 5-digits-car AT transmission I drive that is worth mentionning.

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      08-31-2017, 11:43 AM   #20
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it's a great auto tho eh??? :P
no jerk going into 1st...amazed.
But I do miss the speed of my DSG and being able to downshift 2 gears....
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      09-01-2017, 01:29 AM   #21
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no jerk going into 1st...amazed.
But I do miss the speed of my DSG and being able to downshift 2 gears....
what killed me is the downshifts... if you closed your eyes you wouldn't know the car downshifted... no jerk, no engine braking. just seemed so light and effortless.

still want manual lol.
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      09-01-2017, 08:29 AM   #22
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Quote:
Originally Posted by Matteo88 View Post
what killed me is the downshifts... if you closed your eyes you wouldn't know the car downshifted... no jerk, no engine braking. just seemed so light and effortless.

still want manual lol.
Yep; auto rev match removed a lot of the fun-factor on the 6MT for me...
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