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What do you guys think of this deal?
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01-19-2010, 11:16 PM | #1 |
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What do you guys think of this deal?
Not getting enough responses in the other forum and since car pricing can vary by region, need some of the CA input.
09 335i Coupe (New) - Black on black - Premium package - M-sport package - Comfort access - Navigation - Steptronic with paddles - iPod - Smartphone integration - Logic 7 - Heated front seats - Anti-theft alarm system - Satellite Radio MSRP: $55,825 Invoice: ~$51k Selling Price: $46,900 MF: 0.0028 Residual: 53% Payment: $776 including tax Down: $0 Security Deposit: $0 What do you guys think?
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01-20-2010, 09:02 AM | #2 | |
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01-20-2010, 10:26 AM | #4 | ||
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Financing a car at the same price = higher payment. Tempting as hell though. Quote:
Yes, the residual is for 36 months. Do I plan on keeping the car after the lease is up? Probably not. What do you think is fair? Thanks for your input guys!
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Last edited by stooken; 01-20-2010 at 10:42 AM.. |
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01-20-2010, 10:52 AM | #5 | |
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Still think you're paying too much. If can I purchase and pay the same payment as your lease on a similarly priced car, where your car is already a year old, something's not right, imo.
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01-20-2010, 11:02 AM | #6 | |
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Hmm... well my agreed selling price is $46,900 and I'm putting $0 down so there's about a $3,700 swing between our prices. I tried getting him down to $45k but he wouldn't. Maybe I need to walk away and let it sit there for a little longer. Did you get some crazy low finance rate?
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01-20-2010, 11:10 AM | #7 |
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I would just do Euro Delivery.
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Current: 2010 Alpine White 335D LCI l 19" BBS LMs l KW V2 Coilovers l BMW Performance Grilles l MSport Front/Rear l Karbonwerke Trunk l F1 Pinnacle Tint 35% Former: E92 Space Grey 335i Latest pics |
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01-20-2010, 11:14 AM | #9 | |
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Ah...quick math says your interest rate is 6.72%. Ask them why it's sickeningly high. Reference point = the 07 that I used to have I bought in Oct of 07, when the 08's had already been released. My rate on that car translated to approximately 1.9%.
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01-20-2010, 11:22 AM | #10 |
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776 for a 09 lease is too much for a coupe
my ballon payments are 709 a month but then my MSRP was 63k+taxes and licenses (yeah yeah i could get a M3, but I love verts) When I was looking for a car for my cousin we found 09s leasing for $2000 down, $630 a month with 12k a year so in 3 years, about 1k less than what you're paying but he ended up buying a g37... but thats a diff story Nonetheless, a 776 for a lease payment is too high you pay 25k in 3 years and have to give her back... Why not try to buy it? If you can get .9% int rate, you can keep your payment with only a little down... if i did the math in my head right..
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01-20-2010, 12:00 PM | #11 | ||
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I wish they had 0.9% financing. They are only offering that on 07-08 CPO cars and 2.9% financing on 2010 models. Quote:
Should I just offer $45k or walk? That should bring my payment to the lower $700 range with $0 down, 15k miles.
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Last edited by stooken; 01-20-2010 at 12:17 PM.. |
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01-20-2010, 01:42 PM | #12 |
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.0028 * 2400 = 6.72%, is what I'm saying. That's way too high for a car that's not that old, is my point. You should easily be able to shave a couple of points off that. They don't need to be making money on the car, because BMW is already giving them rebate cash. They just need to get rid of the car, so they need to structure the deal to your liking.
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01-20-2010, 02:28 PM | #13 | |
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What do you think I should throw at them? I kind of want to make some outrageous offer to see what they would do. Appreciate the input.
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01-20-2010, 04:23 PM | #14 |
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I am paying $759 including tax for a 09 M-Sport coupe just like the one you spec'd out. I also have that lease wear and tear included in the payment. My drive off was $1600.
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01-20-2010, 05:56 PM | #15 | |
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and tell them to lower your payments to 600$ a month
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01-20-2010, 06:27 PM | #16 |
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i'd say its way too high for an 09 since the 10's are out now.
I got an 09 335i coupe in July, loaded except for M-sport and Sirius MSRP: $53k Selling: $46k 3yr lease, 10k miles/yr $3k down $547.50/month + tax = $600.00 |
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01-20-2010, 07:05 PM | #17 | ||
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Yeah, 10s are out so it makes a huge difference. I already e-mailed them to go lower.
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01-20-2010, 11:12 PM | #19 |
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Jan 2010 is 0.00155 so I don't know how they can quote me 0.0028 for a leftover 09.
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01-20-2010, 11:29 PM | #20 |
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Yep, this past summer right into the fall the money factor was the best it has ever been on the e92, it was the 2009 e92, it had .00175 money factor stacked with 2500 lease cash. It was a steal to get my e92.
My last e90 was a lemon and I went back to BMW just because this deal was too sweet to pass up. I got 3 hundred under invoice, .00175, and 2500 lease cash from BMWFS. at .0028, that is horrible.. I wouldn't pay over 630ish with 0 down if I was in your shoes.. the money factor is just way too high right now period..
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01-21-2010, 04:55 PM | #21 | ||
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Just told them to call me in the "future" if they are willing to sell for my asking price.
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