F30POST
F30POST
2012-2015 BMW 3-Series and 4-Series Forum
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW 3-Series and 4-Series Forum (F30 / F32) | F30POST > 2012-2019 BMW 3 and 4-Series Forums > 3 and 4 Series Ordering / Pricing / Order Tracking Forum (and European Delivery) > Help Negotiating A CPO Lease 2016 328xi
GetBMWParts
Post Reply
 
Thread Tools Search this Thread
      09-03-2016, 11:56 AM   #1
bjrft
Registered
0
Rep
3
Posts

Drives: VW
Join Date: Sep 2016
Location: New York

iTrader: (0)

Question Help Negotiating A CPO Lease 2016 328xi

Hi Folks!

I'm getting ready to start my first lease on my first BMW.

I've been reading through the stickies and have gotten the following information on this car:

Certified Preowned Elite
Model: 328i xDrive
Year: 2016
Miles: 3,369
Packages:
- Premium Package
- Navigation
- Driver Assistance Package
- Cold Weather Package
- Sport Package
- Storage Package
- LED Headlights

From the dealer:
MSRP: $50,095
Residual: $32,300 (64.48% of MSRP)
Money Factor: 0.00137
Dealer Fees: $75
Net Cap: 43,961.32 (Sale Price - $163.68 Cap Cost Reduction + $925 bank acquisition fee)

The cap cost reduction is left over from the $2,000 due at inception. It covers sales tax (7% in NYS), 1st month's payment, and estimated fees. This puts the monthly payment at about $406 for 10k miles (I'll end up doing 12k).

We've done no negotiating yet but was wondering what your thoughts were about this deal? What are some realistic offers I should start with or is this a pretty good deal?

Thanks for the help!

Last edited by bjrft; 09-04-2016 at 12:36 PM..
Appreciate 0
      09-06-2016, 02:37 PM   #2
BEM-S4
Major General
BEM-S4's Avatar
United_States
4252
Rep
8,782
Posts

Drives: Dinan M235, Dinan Sport Wagon
Join Date: Oct 2012
Location: Philadelphia

iTrader: (3)

So you're paying what $46k for the car selling price? That's 8% off for a used car? Granted the CPO is nice and a $2k value but you should be able to get 8% off a brand new car. If you don't keep the car after the lease who gives a shit if it's CPO - if you do you can usually get CPO free of charge at buyout.

You're paying a mileage penalty on the residual - you should be getting more off.
__________________
2016 F23 M235 xDrive Convertible Dinan Stage 2 AA IC Apex EC-7 MPE
2016 F31 328 xDrive Sport Wagon Dinan Stage 1 Vorsteiner V-FF 105 BBK 34 Hours 35 Minutes NY to LA
2006 E46 330ci ZHP Convertible Apex ARC-8
Appreciate 0
      09-06-2016, 06:17 PM   #3
bjrft
Registered
0
Rep
3
Posts

Drives: VW
Join Date: Sep 2016
Location: New York

iTrader: (0)

Thanks for the feedback.

The sell price works out to 43,200 which is about 13.5% if I did my math correctly. What is a realistic discount % for a used car? I am not planning on keeping the car after the lease is over; are you saying I should tell the dealer to ditch the CPO designation/warranty (they mentioned I could save money if I lose the extended warranty on another car; I'm assuming this is what they meant) if possible?

Last edited by bjrft; 09-06-2016 at 06:55 PM..
Appreciate 0
      09-06-2016, 07:08 PM   #4
BEM-S4
Major General
BEM-S4's Avatar
United_States
4252
Rep
8,782
Posts

Drives: Dinan M235, Dinan Sport Wagon
Join Date: Oct 2012
Location: Philadelphia

iTrader: (3)

Quote:
Originally Posted by bjrft
Thanks for the feedback.

The sell price works out to 43,200 which is about 13.5% if I did my math correctly. What is a realistic discount % for a used car? I am not planning on keeping the car after the lease is over; are you saying I should tell the dealer to ditch the CPO designation/warranty (they mentioned I could save money if I lose the extended warranty on another car; I'm assuming this is what they meant) if possible?
If they already paid to certify it not much you can do there. Ask though they may not have done it yet. You should also see if it's really used or exec
demo. If demo you should have BMW new car incentive $ available to you too.
__________________
2016 F23 M235 xDrive Convertible Dinan Stage 2 AA IC Apex EC-7 MPE
2016 F31 328 xDrive Sport Wagon Dinan Stage 1 Vorsteiner V-FF 105 BBK 34 Hours 35 Minutes NY to LA
2006 E46 330ci ZHP Convertible Apex ARC-8
Appreciate 0
      09-13-2016, 01:58 AM   #5
jmg
Lieutenant General
jmg's Avatar
United_States
9742
Rep
10,536
Posts

Drives: F80 M3 CS, I01 i3 REx LCI
Join Date: Mar 2013
Location: Orange County, CA

iTrader: (0)

Garage List
That's new car money IMHO. I've always been told that leasing a CPO car is just a bad decision overall. Might as well buy it or lease a better NEW car.
__________________
2018 F80 ///M3 CS - Lime Rock Grey Metallic | MPE | MPHAS | GC Camber Plates | PFC-08 | RE-71R
2019 I01 i3 BEV - Giga World
Previous: F80 M3 | I01 i3 Rex LCI | I01 i3 REx | F30 340i M Sport ZTR | F30 328i Sport | Audi B7 S4 25Quattro #33 of 250 | E21 320i
Appreciate 0
Post Reply

Bookmarks

Tags
328xi, bmw, help needed, lease

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:54 AM.




f30post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST