[Pcprograms]

Hell everyone and thank you for helping me.

I called a Bmw Dealer In New York and this is what they are offering me.

2013 320i with navigation

MSRP - 38125

Sell Price - 34800

Residual - 62%

Money factor - 00125


3000 down + tax and fees $5600 total

1000 sign & drive credit

1000 build out credit



279/mo


Is this a good deal or should i try to get the sale price even lower? I am looking to get this car this friday.

[BDWonder]

Not a bad deal. However, you should be able to obtain at least a 328 out of this price. Have you tried looking from Leasing Companies? I can name a few, that I use. Their overhead is almost non-existent, so the prices are better. I once went through a dealership, and definitely over paid.

[Twins]

Originally Posted by Pcprograms

Hell everyone and thank you for helping me.

I called a Bmw Dealer In New York and this is what they are offering me.

2013 320i with navigation

MSRP - 38125

Sell Price - 34800

Residual - 62%

Money factor - 00125


3000 down + tax and fees $5600 total

1000 sign & drive credit

1000 build out credit



279/mo


Is this a good deal or should i try to get the sale price even lower? I am looking to get this car this friday.

Which dealer are you working with?

[vitriol]

Hard to evaluate the deal without knowing the specific options on the car. Can you share those?

Also what's your local sales tax rate?

FWIW I don't think it's a good idea to put money down on a lease. First, since you're not buying the car (essentially you're renting it), you can't actually make a down payment. When you're leasing, all you accomplish by putting money down is to lower your monthly payment. True, you save a small amount in interest... but you also risk losing whatever money you put down if the car is totaled, stolen and not recovered, etc.

If it's important to you to keep the monthly payment low, you can put down multiple security deposits (usually in $500 increments), which serve to lower the overall capitalized cost... and you get the deposits back when you turn in the car or if it's stolen/totaled.

In the end, you have to pay the money anyway (either up front or over the course of the lease); I think the latter makes more sense. Just some unsolicited advice.

[LDSM]

Originally Posted by BDWonder

Not a bad deal. However, you should be able to obtain at least a 328 out of this price. Have you tried looking from Leasing Companies? I can name a few, that I use. Their overhead is almost non-existent, so the prices are better. I once went through a dealership, and definitely over paid.

Just curious how does going through a leasing company work? Do you still have to negotiate the car price and everything?


Sorry for the offtopic

[Pcprograms]

Originally Posted by vitriol

Hard to evaluate the deal without knowing the specific options on the car. Can you share those?

Also what's your local sales tax rate?

FWIW I don't think it's a good idea to put money down on a lease. First, since you're not buying the car (essentially you're renting it), you can't actually make a down payment. When you're leasing, all you accomplish by putting money down is to lower your monthly payment. True, you save a small amount in interest... but you also risk losing whatever money you put down if the car is totaled, stolen and not recovered, etc.

If it's important to you to keep the monthly payment low, you can put down multiple security deposits (usually in $500 increments), which serve to lower the overall capitalized cost... and you get the deposits back when you turn in the car or if it's stolen/totaled.

In the end, you have to pay the money anyway (either up front or over the course of the lease); I think the latter makes more sense. Just some unsolicited advice.

2013 320i with navigation MSRP is $38,000

Base Price on a 328 without navigation would be 38,000 yes but with navi would put it over $40,000 which would raise my payments which i do not want.

Ny sales tax 8.875

MSD are not allowed in NY state by law i already asked =(

I will call tomorrow and see what my monthly payments would be with with zero down and post it here so you can see. Thanks!

[Pcprograms]

Originally Posted by vitriol

Hard to evaluate the deal without knowing the specific options on the car. Can you share those?

Also what's your local sales tax rate?

FWIW I don't think it's a good idea to put money down on a lease. First, since you're not buying the car (essentially you're renting it), you can't actually make a down payment. When you're leasing, all you accomplish by putting money down is to lower your monthly payment. True, you save a small amount in interest... but you also risk losing whatever money you put down if the car is totaled, stolen and not recovered, etc.

If it's important to you to keep the monthly payment low, you can put down multiple security deposits (usually in $500 increments), which serve to lower the overall capitalized cost... and you get the deposits back when you turn in the car or if it's stolen/totaled.

In the end, you have to pay the money anyway (either up front or over the course of the lease); I think the latter makes more sense. Just some unsolicited advice.

Here is what they give me with 0 down

[Haris]

This does not looks like a good deal. The lease worksheet above is missing the most important bit: Selling Price. I configured a 320i on bmwconfig.com with $38,125 MSRP. The invoice came out to: $35,105 (without training and maco). Try to negotiate the price down to 500 above invoice to $35,605. Then apply rebates - $1000 UDE - $1000 Build out credit = $33,605 as your final cap cost.

The aquisition fee is also marked up, it should be $725. If you put these numbers in a lease calculator you get:

MSRP: $38,125
Selling Price: $35,605 ($500 above invoice and before rebates)
Rebates: $2000
Money Factor: 0.00125
Residual: 62%
Tax: 8.875 - Upfront
Acquisition Fee: $725 - Upfront
Fees & Insurance: $85 (based on above worksheet) - Upfront

Monthly: $348.43
Cash Due: $2,513.50

Ran numbers for you:

[Pcprograms]

Originally Posted by Haris

This does not looks like a good deal. The lease worksheet above is missing the most important bit: Selling Price. I configured a 320i on bmwconfig.com with $38,125 MSRP. The invoice came out to: $35,105 (without training and maco). Try to negotiate the price down to 500 above invoice to $35,605. Then apply rebates - $1000 UDE - $1000 Build out credit = $33,605 as your final cap cost.

The aquisition fee is also marked up, it should be $725. If you put these numbers in a lease calculator you get:

MSRP: $38,125
Selling Price: $35,605 ($500 above invoice and before rebates)
Rebates: $2000
Money Factor: 0.00125
Residual: 62%
Tax: 8.875 - Upfront
Acquisition Fee: $725 - Upfront
Fees & Insurance: $85 (based on above worksheet) - Upfront

Monthly: $348.43
Cash Due: $2,513.50

Ran numbers for you:

Thanks for your help! I called them back today and got them down to $355/mo

I will try to get the acquisition fee down