[DinoMite]

Hi Guys,

I’m in need of some advise, for the longest time i dreamed about getting a brand new 3 series coupe/sedan, but it was always way out of my reach.

I would like to purchase/lease one of the following:

335 coup $51,600
328 coupe $43,600
328 sedan $41,000
335 sedan $49,900

just looking at the above Canadian prices and comparing them with the US sticker price makes me mad...

How do you guys lease/finance your vehicles, did you all get good discounts on your purchases?
What could i expect now going to a BMW Dealer? Would they lower the price by 2K or 3K?

Or will they just put their noses up at me since i'm not super rich?

[NiceAndSlow]

I got my 335i with prem. package leased at 850 taxes in.. that includes run-flat warranty and safe lease warranty...

[DinoMite]

Originally Posted by NiceAndSlow

I got my 335i with prem. package leased at 850 taxes in.. that includes run-flat warranty and safe lease warranty...

Holy ! $850? i assume you did not put money down right?

Did they give you anything extra for free? or lower the price?

[w2]

That's a good deal if it's a coupe, maybe not so great if it's a sedan. Financing or leasing a 3-series coupe doesn't seem to be a very good deal, but the sedans are pretty reasonable, even if they're not as cheap as in the U.S.

FWIW, I am estimating that the net total cost of ownership over the 39-month lease period for my 328i with metallic paint + automatic + sport will be about the same (or maybe a little better, even) as the TCO over the same period would have been for the Jetta 2.0T I just got rid of, despite a difference of $15,000 in sticker price between the two. The reason being a combination of low lease rates from BMW right now and some brutal depreciation on the VW that basically meant after two years, I got about 50% of what I paid for it new.

It seems to me that if you want to lease a BMW 3-series, at least the sedan, now or soon is probably about the best time to do it. I don't see leasing looking as attractive in the next few years.

[DinoMite]

Originally Posted by w2

That's a good deal if it's a coupe, maybe not so great if it's a sedan. Financing or leasing a 3-series coupe doesn't seem to be a very good deal, but the sedans are pretty reasonable, even if they're not as cheap as in the U.S.

FWIW, I am estimating that the net total cost of ownership over the 39-month lease period for my 328i with metallic paint + automatic + sport will be about the same (or maybe a little better, even) as the TCO over the same period would have been for the Jetta 2.0T I just got rid of, despite a difference of $15,000 in sticker price between the two. The reason being a combination of low lease rates from BMW right now and some brutal depreciation on the VW that basically meant after two years, I got about 50% of what I paid for it new.

It seems to me that if you want to lease a BMW 3-series, at least the sedan, now or soon is probably about the best time to do it. I don't see leasing looking as attractive in the next few years.

Do you think because of the 2 mortgage companies in the USA the leasing industry will suffer in Canada also?

well the 3 Sedan is kind of ok when i use their calculator , if i pay 10K down on a 12,000km lease id' be paying around $330 with tax i guess(which for a monthly payment is ideal for me...)

But, ...... i'd rather have a 335 coupe or at least a 328 coupe, and that is going up there in monthly fees, probably around $460 a month.

The more i think about it, the less i want to finance a car, a friend financed a Nissan for 5 years and paid like 29K including taxes/interest on the car and now the dealer wants to give 3K for the car ...

so i figure why bother purchasing, the car will lose value anyway, and after 3 years might as well get a new one... if only BMW Canada would lower the damn price by 10%

[SPACEMANRICK]

Look at the BMW Canada website. They have had running for a few months now $4,000 off the 2008 335xi and various other amounts off other 3 series models. I just checked and they have now even bumped the discount off of the 335i sedan up to $5,000!

Add in at least 5% off of MSRP and there are some decent discounts off 2008 model year BMW's right now.........

[DinoMite]

Originally Posted by SPACEMANRICK

Look at the BMW Canada website. They have had running for a few months now $4,000 off the 2008 335xi and various other amounts off other 3 series models. I just checked and they have now even bumped the discount off of the 335i sedan up to $5,000!

Add in at least 5% off of MSRP and there are some decent discounts off 2008 model year BMW's right now.........

But i thought the factory credit only applies to cash purchases of the cars?
I don't have that much loose change

does it apply to finance too?

[SPACEMANRICK]

Look at the very first page of BMW Canada's website under "finance from 1%" .

[flush01]

i just checked bmw.ca and they lowered residual to 52% on 335 coupes, so even tho it's at 4.9%, monthly payments will be high.. just to give you an example when coupes just came out and were in HIGH demand I got the worst rate at %7.75 if I remember right, but the residual was 59-61% therefore monthly payment was about the same (or might of been even lower) then what it is now... coupes will always be more expensive monthly, it's just for you to decide if it's worth extra $100/month more or not... you should of pulled the trigger few months back, they had much higher residuals

but back to your question, you can expect dealers to give you 4-6% off, if they say they can't do that then go to another one...

[DinoMite]

Originally Posted by SPACEMANRICK

Look at the very first page of BMW Canada's website under "finance from 1%" .

yes i've seen today, but still, i can't finance a 41,000 car for 48 months for 1% I'm not a millionaire and i don't want to pay $773 a month.

[DinoMite]

Originally Posted by flush01

i just checked bmw.ca and they lowered residual to 52% on 335 coupes, so even tho it's at 4.9%, monthly payments will be high.. just to give you an example when coupes just came out and were in HIGH demand I got the worst rate at %7.75 if I remember right, but the residual was 59-61% therefore monthly payment was about the same (or might of been even lower) then what it is now... coupes will always be more expensive monthly, it's just for you to decide if it's worth extra $100/month more or not... you should of pulled the trigger few months back, they had much higher residuals

but back to your question, you can expect dealers to give you 4-6% off, if they say they can't do that then go to another one...

hmmm, so that is about 3K off the MSRP.
so a 41K sedan would be 38K.
a $43,600 coupe would be $40,600

damn, i was hoping they'd lower it by 5K at least. I guess as long as i live in this country, there is no escape getting hosed.

What about a lease, would they lower the price by 5 or 6% ?
Would they add free equipment to the car, while the price remained as is?
I guess they are not that desperate yet, i wonder if the economy goes down to the crapper if they will lower the pricing to be a bit more on par with the American pricing.

[Two Sheds]

Originally Posted by DinoMite

yes i've seen today, but still, i can't finance a 41,000 car for 48 months for 1% I'm not a millionaire and i don't want to pay $773 a month.

Have you considered the 1 series coupe? It's not fun being car poor, If you can't afford financing for a 41K car at 1%, getting yourself into a lease for 2 or 3 years for an expensive car is not a great idea.

I would have thought you could lease a 128 coupe for around $500/month mark, whereas a 328 coupe is going to be more like $700/month.

In general from info I've learned if you do lease it's best not to put any money down. It reduces the monthly payment, but overall you don't save any money plus if you are in an accident and the car is written off it is very unlikely you will get that money back.

[DinoMite]

Originally Posted by Two Sheds

Have you considered the 1 series coupe? It's not fun being car poor, If you can't afford financing for a 41K car at 1%, getting yourself into a lease for 2 or 3 years for an expensive car is not a great idea.

I would have thought you could lease a 128 coupe for around $500/month mark, whereas a 328 coupe is going to be more like $700/month.

In general from info I've learned if you do lease it's best not to put any money down. It reduces the monthly payment, but overall you don't save any money plus if you are in an accident and the car is written off it is very unlikely you will get that money back.

Well i got 10K saved up for the down payment.
But i want to have the monthly payments at below $400
my ideal car would be a coupe... not the sedan, but if nothing else, i would get the sedan...

I'm pretty sure i could get the 3-series sedan as a lease with the monthly payments being ok, but i just want the most bang for the buck i guess.

As for the 1-series, i wouldn't want it, even if it was 15 percent lower in price. I just don't find that car appealing to look at... just my taste.

As for not affording an entry level 3 series, hmmm, well if they would lower the car prices instead of gouging the consumer, a lot more people would afford it.

[CurlyFatAngry]

I'd say get a CarCostCanada report for the car you like and use it to get some $$ off the MSRP. It works. Also if you're going for a 08 model you'll get a hell of a deal now.

Oh, and get the coupe. It's the sexiest 3 series ever.

[MOAB]

Originally Posted by DinoMite

Well i got 10K saved up for the down payment.
But i want to have the monthly payments at below $400
my ideal car would be a coupe... not the sedan, but if nothing else, i would get the sedan...

I'm pretty sure i could get the 3-series sedan as a lease with the monthly payments being ok, but i just want the most bang for the buck i guess.

As for the 1-series, i wouldn't want it, even if it was 15 percent lower in price. I just don't find that car appealing to look at... just my taste.

As for not affording an entry level 3 series, hmmm, well if they would lower the car prices instead of gouging the consumer, a lot more people would afford it.

Is it possible now is not the right time for you to be getting into a 3 series? sounds like you may be stretching a bit to get into one. Perhaps get something cheaper for now and re-visit in in a couple years.

[larkie]

My car is $500 /month 335i sedan, with7000 down. 39 month lease

[DinoMite]

Originally Posted by CurlyFatAngry

I'd say get a CarCostCanada report for the car you like and use it to get some $$ off the MSRP. It works. Also if you're going for a 08 model you'll get a hell of a deal now.

Oh, and get the coupe. It's the sexiest 3 series ever.

Thank you for the link, i will read up on it,
i also agree, i love the 3 coupe the best, i would not want a 5 or 7 series. Just that sexy 3 coupe.

Hmm, you think an 08 model would be a super deal now?
i wonder how much lower they could go on a 2008 328 coupe, sticker price 43,600.... does that also apply to a lease? Will they lower the price for a lease, or just a finance deal?

[DinoMite]

Originally Posted by larkie

My car is $500 /month 335i sedan, with7000 down. 39 month lease

hmmm, i was looking for those 39 month leases on the coupe, they don't have them on their site

I guess with 10K down the lease for 39 months on a 335 sedan would cost me around $440... very very tempting

[SPACEMANRICK]

The special financing/lease rates or price reductions from BMW Canada are separate of what you can also negotiate off your purchase or lease from the dealer. You should be able to get off at least an additional 5% to 6% off MSRP from the dealer for your lease. So to answer your question you can take advantage of the lease discount from BMW Canada AND also get some off the price from the dealer......

[DinoMite]

Originally Posted by MOAB

Is it possible now is not the right time for you to be getting into a 3 series? sounds like you may be stretching a bit to get into one. Perhaps get something cheaper for now and re-visit in in a couple years.

I don't want to spend too much money each month on an entry level car. If this was a 6 series and i was paying 650 a month with 10K down, i'd probably go for it.(I'd break the bank to have one lol )

I can't get anything cheaper, every time i look at some Honda or Hyundai selling for 30K+ i want to puke... i might as well just add a few bucks and get the car i've dreamt about for 15 years.

[DinoMite]

Originally Posted by SPACEMANRICK

The special financing/lease rates or price reductions from BMW Canada are separate of what you can also negotiate off your purchase or lease from the dealer. You should be able to get off at least an additional 5% to 6% off MSRP from the dealer for your lease. So to answer your question you can take advantage of the lease discount from BMW Canada AND also get some off the price from the dealer......

That sounds very good indeed,

Would asking for free options be wiser or just getting the 5 or 6% be better?

I really like the 19inch wheels from the 335 coupe, but i doubt BMW would sell those for a 328 coupe right? It is exclusive for 335 coupe use?

Then again, those M3 type wheels sure look good

Perhaps i will send an email to the president of BMW Canada, maybe he will take pity on my dreams, and lower the price by 10 percent, and give me a 2% 39 month lease on a 335 coupe.

[flush01]

Originally Posted by DinoMite

hmmm, i was looking for those 39 month leases on the coupe, they don't have them on their site

I guess with 10K down the lease for 39 months on a 335 sedan would cost me around $440... very very tempting

listen when people tell you, do NOT put any money down... feeling better about lower payment is not the way to go