E90Post
 


 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > New & Preowned BMW Ordering / Pricing / Tracking Information Forum (including European Delivery) > Is this possible? Help is greatly appreciated...



Reply
 
Thread Tools Search this Thread
      01-03-2008, 01:51 PM   #1
djrobroe
Private First Class
1
Rep
177
Posts

 
Drives: soon to b 335
Join Date: Nov 2007
Location: Miami, FL

iTrader: (0)

Is this possible? Help is greatly appreciated...

Hi my nameís Robert Rhau and I plan on purchasing a 2008 BMW 335i. My credit scores right now with Transunion, Experian, and Equifax are 604, 644, and 699 respectively. Iím planning on trading my care in to Carmax and the car is a 2006 Mustang in Good condition, on KBB the trade in value is about 12,000 im expecting to get no less than 8K for it.

I'm looking to find a Sparkling Graphite with Sport Package, Steptronic and Padde Shifters at the very least. Some of the other options I was looking for are Comfort Access, Navigation, Satellite Radio, Ipod + USB Adapter. I priced it all at invoice should be around $43,135. Iím expecting to negotiate to about $1K over invoice, if thatís not realistic what pricing can I expect over invoice if I choose one off the lot? Can I expect to find one with these options at a dealer?

0.0020 Base Rate Lease
7 Additional Security DepositsÖ
0.00151 New Base Lease Rate w/ Security Deposit
0.58 36 month lease off of MSRP 15,000 Miles/year

(44,135*- 25,163)/36= $527 Depreciation
*Price is including what I hope to be $1k over invoice
(44,135 + 25,163) x 0.00151= $104
$527 + $104= $631

I wasnít sure if I calculated everything correctly. If I wanted to calculate the monthly payments including tax and all that where would I add that to the formula's?

I donít work but have proof that Iíve had a steady amount of cash flow coming in for the past year. Enough to be able to cover the cost of the car with plenty left over. My question is will I be approved without a cosigner? I am looking to lease within the next 2 weeks. Any help is greatly appreciated since Iím new at this.
Appreciate 0
      01-03-2008, 04:03 PM   #2
djrobroe
Private First Class
1
Rep
177
Posts

 
Drives: soon to b 335
Join Date: Nov 2007
Location: Miami, FL

iTrader: (0)

anyone? please im desperate for help...
Appreciate 0
      01-03-2008, 05:00 PM   #3
asif163
Captain
asif163's Avatar
United_States
13
Rep
702
Posts

 
Drives: '11 M3, '14 Range Rover Sport
Join Date: Nov 2007
Location: Jersey City, New Jersey

iTrader: (0)

Send a message via AIM to asif163 Send a message via MSN to asif163
Quote:
Originally Posted by djrobroe View Post
Hi my nameís Robert Rhau and I plan on purchasing a 2008 BMW 335i. My credit scores right now with Transunion, Experian, and Equifax are 604, 644, and 699 respectively. Iím planning on trading my care in to Carmax and the car is a 2006 Mustang in Good condition, on KBB the trade in value is about 12,000 im expecting to get no less than 8K for it.

I'm looking to find a Sparkling Graphite with Sport Package, Steptronic and Padde Shifters at the very least. Some of the other options I was looking for are Comfort Access, Navigation, Satellite Radio, Ipod + USB Adapter. I priced it all at invoice should be around $43,135. Iím expecting to negotiate to about $1K over invoice, if thatís not realistic what pricing can I expect over invoice if I choose one off the lot? Can I expect to find one with these options at a dealer?

0.0020 Base Rate Lease
7 Additional Security DepositsÖ
0.00151 New Base Lease Rate w/ Security Deposit
0.58 36 month lease off of MSRP 15,000 Miles/year

(44,135*- 25,163)/36= $527 Depreciation
*Price is including what I hope to be $1k over invoice
(44,135 + 25,163) x 0.00151= $104
$527 + $104= $631

I wasnít sure if I calculated everything correctly. If I wanted to calculate the monthly payments including tax and all that where would I add that to the formula's?

I donít work but have proof that Iíve had a steady amount of cash flow coming in for the past year. Enough to be able to cover the cost of the car with plenty left over. My question is will I be approved without a cosigner? I am looking to lease within the next 2 weeks. Any help is greatly appreciated since Iím new at this.
Yes it's possible. I'm paying $660/mo for a 36mo/12k lease w/$4k out of pocket (includes cap cost reduction, fees, & 1st mo. payment). I received $1k over invoice although it's not easy to get- my price was $46,500 (45.5k invoice). You should be able to find a car on the lot with those options and you should be approved as long as you can verify income. I recommend getting the Premium Package and deleting Comfort Access & Sirius Satellite radio....just my opinion! I hope that helps!
__________________
2011 E92 M3 / Acquired: 11.08.2010
2014 Range Rover Sport / Acquired: 06.08.2013
Retired: 2011 BMW X3, 2009 Infiniti G37S Coupe, 2006 Audi A4 S-Line 2.0T Quattro, 2008 E92 335i, 2005.5 Audi S4 V8
Appreciate 0
      01-03-2008, 08:57 PM   #4
MAPC
Private
1
Rep
96
Posts

 
Drives: 335xi/6MT/Sport- SOLD
Join Date: Dec 2007
Location: Woodside, CA

iTrader: (0)

I think you'd be hard pressed finding one with those options WITHOUT premium.
__________________
07 335xi SG/Gray/6MT/ZSP/ZPP/ZCW/Nav/CA/162's SOLD
Appreciate 0
      01-03-2008, 10:57 PM   #5
djrobroe
Private First Class
1
Rep
177
Posts

 
Drives: soon to b 335
Join Date: Nov 2007
Location: Miami, FL

iTrader: (0)

alright so i'll consider adding the premium package... this may sound a bit strange... but i dont like leather... i prefer the leatherette on BMW's... I had leatherette on my 323 and i loved it... btw does the premium package come with navigation?

but thanks for your help guys I appreciate it but asif163 did you have your taxes rolled into your monthly payments btw?

should i contact an internet sales manager instead, because i dont want to have to deal with a salesman?
Appreciate 0
      01-04-2008, 12:22 AM   #6
CALIF65GM
Colonel
CALIF65GM's Avatar
25
Rep
2,041
Posts

 
Drives: e93-35 May08 ED
Join Date: Jun 2005
Location: SF, CA

iTrader: (0)

Garage List
Quote:
Originally Posted by djrobroe View Post
btw does the premium package come with navigation?

should i contact an internet sales manager instead, because i dont want to have to deal with a salesman?
No PP does not include nav. Nav (I-drive) is a stand alone option.

Yes you can try the internet manager.
__________________
5-2-08 e93-35 ED Montego w/Jade Grey, Step w/Paddles, PP, SP, CA, hot seats and iPod.Awaing re-delivery soon.

Debadged 330xi ED 11/14/05 Auto/Mystic Blue/Gray leather with Alum/PP/SP/CA/Fold-down rear seats/Alarm. Sold to Carmax on 6/7/08 with 50,624 miles on clock
Appreciate 0
      01-04-2008, 01:47 AM   #7
cycler
Major General
cycler's Avatar
88
Rep
8,067
Posts

 
Drives: 2011 Streetglide and 2011 Dyna
Join Date: Nov 2007
Location: Long Island NY

iTrader: (0)

try the internet mananger. sometimes you might get a better deal if you dont see the person you are buying the car from face to face
Appreciate 0
      01-04-2008, 10:22 AM   #8
asif163
Captain
asif163's Avatar
United_States
13
Rep
702
Posts

 
Drives: '11 M3, '14 Range Rover Sport
Join Date: Nov 2007
Location: Jersey City, New Jersey

iTrader: (0)

Send a message via AIM to asif163 Send a message via MSN to asif163
Quote:
Originally Posted by djrobroe View Post
alright so i'll consider adding the premium package... this may sound a bit strange... but i dont like leather... i prefer the leatherette on BMW's... I had leatherette on my 323 and i loved it... btw does the premium package come with navigation?

but thanks for your help guys I appreciate it but asif163 did you have your taxes rolled into your monthly payments btw?

should i contact an internet sales manager instead, because i dont want to have to deal with a salesman?
Yes I rolled taxes into the monthly payments. My CA isn't the internet sales manager but, I never ever deal with car salesman face to face initially. I actually got in touch with every single BMW dealer in a 75 mile radius and told them to send me a quote via email for the car and options I wanted with a specific dollar amount due at signing. Once I received all of the quotes I picked the lowest one. I met the salesman to sign the paperwork and that's it- everything else I did over the phone, fax, and email.
__________________
2011 E92 M3 / Acquired: 11.08.2010
2014 Range Rover Sport / Acquired: 06.08.2013
Retired: 2011 BMW X3, 2009 Infiniti G37S Coupe, 2006 Audi A4 S-Line 2.0T Quattro, 2008 E92 335i, 2005.5 Audi S4 V8
Appreciate 0
      01-04-2008, 03:27 PM   #9
djrobroe
Private First Class
1
Rep
177
Posts

 
Drives: soon to b 335
Join Date: Nov 2007
Location: Miami, FL

iTrader: (0)

thanx guys for helpin a newbie out.. i really appreciate it u guys helped me alot...
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 08:39 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