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BMW 3-Series (E90 E92) Forum
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helping friend buy a e90
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07-10-2007, 09:57 AM | #23 |
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yea i thought that when bargaining, dealers would be willing to lower the price more if paying with cash because in 4 years, they wont get the car back and have to sell it, unless its traded in, less trouble for the dealer. hmm
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07-10-2007, 10:17 AM | #24 | |
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Example: Pay cash: 48,000 335i (prem, sprt, auto, heat, ca, sat.) 54,000 out the door paying cash. The car will be worth around 30,000 at the end of 3 years (close appr.) Total out of pocket for 3 years --54,000+tires and alignments Finance: 10% down (4,800) 60 month note with 7.9 (market average in U.S.) =960 month total out of pocket for 3 years: 38400 (960x35 months + 4800 down) However when leasing: using hypothetical numbers 36/15mi per annum 2k up front 700mo plus tax ;residual is 31,500 700x35months=24500+2k up front=26,500 total out of pocket for 3 years. The 54k has been working for you the entire time gaining you interest, offsetting the money factor. Plus when you own the car (finance or cash) you are at risk if anything happens to the car. If you have a wreck, and it cost 12k to fix (happend to me with my 335) then your precious car will be worth 12k less regardless of whos fault it may be. The market value for the car will drop like a rock in a pond. If you had leased the wrecked car, you are not penalized financially at all--you just turn the car in and walk away. But if you owned the car, you take the hit. Same goes if it is a total loss for whatever reason. Next question........... |
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07-10-2007, 10:19 AM | #25 | |
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thanks for your reponse, nice to hear from a CA regarding this topic
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07-10-2007, 10:21 AM | #26 |
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Things in a BMW dealership work a bit different than that.
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07-10-2007, 10:22 AM | #27 |
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07-10-2007, 10:27 AM | #29 |
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cool, thanks man now, do you have any numbers on what the loaner with SG, auto, htd seats, and 6000 miles should go for? oh and the deep green with auto and htd seats brand new, as in what would my friend expect to pay?
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07-10-2007, 10:37 AM | #30 |
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Beware, CA have their own agenda. The dealership can only make more money off you, by becoming a bank, if you lease or finance.
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07-10-2007, 10:39 AM | #31 |
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Unfortunatly, I dont know. The reason is your market is priced out different than mine (Atlanta). Keep in mind it is not CPO, therefore you may think about calculating .75 to 1.00 off per mile.
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07-10-2007, 10:45 AM | #32 | |
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Keep in mind, on the back end we make our money on the products we offer. They are products that the customer will benefit from. Usually the only ones I find that people absolutely benefit from are a Road Hazard protection plan and, if they lease, Insurance for lease turn in against excess wear and tear. |
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07-10-2007, 10:51 AM | #34 |
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Drives: 07 335i Coupe
Join Date: Jun 2007
Location: San Diego
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07-10-2007, 10:55 AM | #35 |
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Again, I am not sure. The one with 6k miles is a bit difficult for me to advise on. The new one with 3-100 miles should be market rate, or what you are able to negotiate. On the new one, do NOT expect the same discount as the one with 6k miles. Perhaps checking an indepentent resource like edmunds.com TMV will help you. Regarding the loaner, it is less expensive, but not necessarily a better value. Loaners are typically treated like an enterprise rental car.
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07-10-2007, 11:02 AM | #37 |
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07-10-2007, 11:12 AM | #40 |
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yea he had his another car set but when he called the dealer yesterday, the car was slod 2 hrs ago so hes had a long journey. oh and what would you say, he plans on going to wisconsin and basically a 1000 mile road trip, would you say, to if it is the new car, to take it easy and not push it?
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07-10-2007, 02:40 PM | #41 | |
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By the way, I agree with everything Qwazy wrote about leasing vs buying. That's how I approached my lease even though I MAY buy the car eventually. That's only if it turns out to be a good trusty car mechanically and after I factor other things such as market value vs residual when the time comes.
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