E90Post
 


N54Tuning.com
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > Canada > Good Price for a 128i Premium Brand New?



Reply
 
Thread Tools Search this Thread
      12-11-2012, 12:48 PM   #1
Havok_2011
Havok_2011's Avatar
Canada
58
Rep
3,018
Posts

 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

iTrader: (7)

Good Price for a 128i Premium Brand New?

Hey guys,

My friend is looking to purchase a brand new 128i Premium Package. Dealership is offering $624 per month (including taxes), with a two grand deposit. This is for financing not leasing.

Wondering if this is a good/decent deal, or if she should try and ask for more...perhaps a winter set of rims and tires as well?

Hoping to hear from you guys. I also posted in the 1 series forums.

She will need probably decide in the next few hours.
Appreciate 0
      12-11-2012, 01:00 PM   #2
Havok_2011
Havok_2011's Avatar
Canada
58
Rep
3,018
Posts

 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

iTrader: (7)

tick tock tick tock lol

I guess the 3 series forum is a bad place to ask about pricing for a 1 series
Appreciate 0
      12-11-2012, 01:24 PM   #3
bolty
/r/trees
bolty's Avatar
13
Rep
866
Posts

 
Drives: 08 e92 335xi
Join Date: May 2008
Location: Ontario, Canada

iTrader: (3)

Theres not enough info.

Dealers will typically try to fixate people on the the monthly payments. Tell her to work out a final purchase price with some amount of discount off of sticker price, then work the financing out from there.

Unfortunately, I dont know what a good discount for a 1er is these days. I got about 8 points off of sticker when I bought my car 4 years ago.
Appreciate 0
      12-11-2012, 01:54 PM   #4
Havok_2011
Havok_2011's Avatar
Canada
58
Rep
3,018
Posts

 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

iTrader: (7)

Quote:
Originally Posted by bolty View Post
Theres not enough info.

Dealers will typically try to fixate people on the the monthly payments. Tell her to work out a final purchase price with some amount of discount off of sticker price, then work the financing out from there.

Unfortunately, I dont know what a good discount for a 1er is these days. I got about 8 points off of sticker when I bought my car 4 years ago.
I found out the sticker price for the car is $37,950.00 and then she needs to pay $3,860 to end the lease of her Mini.

However, she just told me the $624.00 per month is based on a balloon payment, so at the end there is still payment of just over $11,000.00.

I told her not to do it. I have balloon payments, its rigged for people that can't really afford the car, or get tricked into the low monthly payments. At the end of the day, you have paid too much for it.

I'm going to Downtown BMW tomorrow, and see what I can get a sale rep to give me for the same car she wants.
Appreciate 0
      12-11-2012, 06:43 PM   #5
Zebra99
Colonel
Zebra99's Avatar
Canada
35
Rep
2,328
Posts

 
Drives: 2011 335is E93
Join Date: Aug 2011
Location: Ontario

iTrader: (5)

Garage List
Hey Havok,

I suggest you speak to 1lyfe. He has a new F30 328i and has an amazing deal. Maybe his sales guy can hook up your lady friend.

Cheers!
Appreciate 0
      12-12-2012, 04:36 AM   #6
e90sexion
E 9 0 S E X I O N
e90sexion's Avatar
Canada
81
Rep
6,370
Posts

 
Drives: M3, Z4MC
Join Date: Sep 2006
Location: Vancouver/WA

iTrader: (16)

can you finance again with the balloon payments?
Appreciate 0
      12-12-2012, 05:41 AM   #7
pepep
PEPEP
pepep's Avatar
Canada
8
Rep
612
Posts

 
Drives: 07 E92 328i
Join Date: Jun 2010
Location: True North

iTrader: (1)

Garage List
2007 328i coupe  [4.75]
Quote:
Originally Posted by e90sexion View Post
can you finance again with the balloon payments?
BMW Financial will not.
__________________
Sports/Premium/BMW Assist-BT/BMW Performance Exhaust/Ceramic tint/LUX H8 V2/Miro 111 19"/Falken 452
Appreciate 0
      12-12-2012, 07:35 AM   #8
farbmw
Brigadier General
farbmw's Avatar
Trinidad_and_tobago
76
Rep
3,972
Posts

 
Drives: 2015 M4 6SPD MANUAL!
Join Date: Aug 2009
Location: Toronto

iTrader: (10)

@Havok_2011 Tell your "friend" to buy the 135!
__________________
Have BT Tool professional, will scan and clear codes on your BMW. And now I am able to code my 2011 335is and M4

Link to my M4 euro delivery! http://f80.bimmerpost.com/forums/sho....php?t=1006526
Appreciate 0
      12-12-2012, 11:06 AM   #9
Havok_2011
Havok_2011's Avatar
Canada
58
Rep
3,018
Posts

 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

iTrader: (7)

Quote:
Originally Posted by farbmw View Post
@Havok_2011 Tell your "friend" to buy the 135!
its too expensive for her, and she drives a lot, so at the end of the day, I'll have to deal with the car more than her when parts start to go, and turbos start to cause issues, etc etc.

PS: She is not allowed to have a car faster than mine. I FORBID IT!! lolsss jk jk
Appreciate 0
      12-12-2012, 11:07 AM   #10
Havok_2011
Havok_2011's Avatar
Canada
58
Rep
3,018
Posts

 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

iTrader: (7)

Quote:
Originally Posted by Zebra99 View Post
Hey Havok,

I suggest you speak to 1lyfe. He has a new F30 328i and has an amazing deal. Maybe his sales guy can hook up your lady friend.

Cheers!
Thanks for the heads up! Ill send him a message
Appreciate 0
      12-12-2012, 11:08 AM   #11
Havok_2011
Havok_2011's Avatar
Canada
58
Rep
3,018
Posts

 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

iTrader: (7)

Quote:
Originally Posted by e90sexion View Post
can you finance again with the balloon payments?
I dont want her to do balloon payments. The offer they gave her for $624 a month was with a balloon payment of over 11 grand at the end. I think its a rip-off. Regular financing, or no car....all other options just gauge at your wallet.
Appreciate 0
      12-12-2012, 11:32 AM   #12
bobblehead
Brigadier General
bobblehead's Avatar
Canada
50
Rep
3,764
Posts

 
Drives: warp speed
Join Date: Aug 2009
Location: Toronto, On

iTrader: (0)

This was sent to me today ... fr. BMW London ... lots of room still to negotiate as typical.
Attached Images
 
Appreciate 0
      12-12-2012, 01:52 PM   #13
1lyfe
Major
1lyfe's Avatar
Canada
23
Rep
1,101
Posts

 
Drives: AW F30 328i Xdrive
Join Date: Jan 2012
Location: Toronto

iTrader: (1)

there's also a private sale at t&c tomorrow I can forward you the email and you rsvp
__________________
Current Mods: JB4 , H&R Rear Sway bar, Ultra Racing Strut Bar , 19" M5 Reps Staggered , NBT retrofit , JBL MS8 Amp and 10" Sub
Appreciate 0
      12-12-2012, 03:03 PM   #14
Havok_2011
Havok_2011's Avatar
Canada
58
Rep
3,018
Posts

 
Drives: Alpine White 2011 M3 Coupe
Join Date: Mar 2011
Location: Toronto

iTrader: (7)

Quote:
Originally Posted by 1lyfe View Post
there's also a private sale at t&c tomorrow I can forward you the email and you rsvp
That would be cool

Thanks for the pm response!! Really appreciate the info
Appreciate 0
      12-12-2012, 03:10 PM   #15
Alex_bm
Captain
Canada
9
Rep
806
Posts

 
Drives: M3
Join Date: Oct 2006
Location: Canada, Toronto

iTrader: (1)

Quote:
Originally Posted by Havok_2011
Quote:
Originally Posted by bolty View Post
Theres not enough info.

Dealers will typically try to fixate people on the the monthly payments. Tell her to work out a final purchase price with some amount of discount off of sticker price, then work the financing out from there.

Unfortunately, I dont know what a good discount for a 1er is these days. I got about 8 points off of sticker when I bought my car 4 years ago.
I found out the sticker price for the car is $37,950.00 and then she needs to pay $3,860 to end the lease of her Mini.

However, she just told me the $624.00 per month is based on a balloon payment, so at the end there is still payment of just over $11,000.00.

I told her not to do it. I have balloon payments, its rigged for people that can't really afford the car, or get tricked into the low monthly payments. At the end of the day, you have paid too much for it.

I'm going to Downtown BMW tomorrow, and see what I can get a sale rep to give me for the same car she wants.
Not entirely true in regards to balloon loans. You need to calculate the effective rate on the loan. If the rate is close to zero, it might be a good deal. You get to keep your cash and save on the interest.
Appreciate 0
      12-12-2012, 07:05 PM   #16
bulldog x6
Major General
65
Rep
5,022
Posts

 
Drives: x6 panzer
Join Date: Oct 2008
Location: probably work

iTrader: (28)

you may as well lease if you are doing the owners choice financing
Appreciate 0
Reply

Bookmarks

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
Forum Jump


All times are GMT -5. The time now is 12:25 AM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
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