Was this a good deal?

325i6pd · 02-15-2006, 03:38 PM

Hey just because you put down 1K does not mean the deal is done... I talked with my BMW dealership about this same situation. If you bought the car and signed all the paperwork, then it's a done deal. The 1K is totally refundable if you have not signed any paperwork. And even if you signed a deposit form, I would not hold up unless they already released the car to you. I'm guessing if you are putting up a deposit, then they don't have the car yet... So go back to them and get your payments lower!!! Much lower.. Good luck..

Beto Pereira · 02-15-2006, 03:48 PM

yeah, i know.
i left the dealership not feeling happy about it. at first, i was like, it's a bmw, a $130 more a month than what i'm paying now is not that bad. but then i thought... i also put down $4k and i used to have car. so then i started looking at the numbers... and man, was i unhappy.

325i6p... you had a similar situation? what was the outcome of it?

02-15-2006, 03:54 PM

call up your dealer or go there and throw him the numbers people are talking about on here. He is probably giving you a lease price over your built msrp.. i had about 3k taken off my msrp to base my lease price

arnolds · 02-15-2006, 04:10 PM

Quote:

Originally Posted by Schpilky

Agreed; different strokes for diff folks. BUT, financing a car is also a financial disaster. Think about it; not only are you paying interest on the loan (which equates to a higher purchase price), but you are also paying a depreciation cost every year you own the vehicle. If you purchase the car without financing, you are only being hit by depreciation and aren't paying more for the car. And your argument about "owning a business" doesn't work most of the time. If you drive a ton of miles you'll exceed the limit set by the leasing company and you'll have to pay the difference. From a tax standpoint you'd be better off writing off the miles and any extra cost incurred. That's just my 2 cents.....

Like I said, leasing is not for everyone. If you drive a ton of miles, its stupid to lease.

Actually, buying a depreciating asset is always a bad financial move. But hey, we gotta drive to get some place.

Scorviss · 02-15-2006, 04:54 PM

Going back to the original question, no it's not a good deal, my dealer just accepted my offer of:
2500 down
10k miles per year
MSRP 35,020 (325i sport auto sat. prep)
Neg. price 33,160 (1k over invoice)
$321 per month with tax included!

I know about not putting money down, i just wanted lower monthyl payments

younghov85 · 02-15-2006, 06:20 PM

With mine i got jet black, prem. pack. heated seats, and the wheel and tire insurance and after everything it was like 35,450. With 10,450 down, i pay 490.00 for five years.

dencoop · 02-15-2006, 09:08 PM

DTDREW -thats highly irregular. a 46k car with those options for that amount.. i dont see that happening

- I am giving you 100% what the deal is...no Joke...He paid $1,100 over ED Invoice...The reason the deal is so good isbecause when you do ED the Residual is based on US MSRP and Cap Cost is based on ED Invoice...

-Use my numbers and do the math....Its like getting a BMW 525i for the Price of a Camry.

$425 a month including Bank Fee and 8.625% NY tax + $450 Security and DMV...That is It....(24MO. 77%rES 00160mf+0003 FOR ed)

...

Thanks.

younghov85 · 02-15-2006, 09:16 PM

Did u lease or buy?

325i6pd · 02-15-2006, 09:27 PM

Quote:

Originally Posted by Beto Pereira

yeah, i know.
i left the dealership not feeling happy about it. at first, i was like, it's a bmw, a $130 more a month than what i'm paying now is not that bad. but then i thought... i also put down $4k and i used to have car. so then i started looking at the numbers... and man, was i unhappy.

325i6p... you had a similar situation? what was the outcome of it?

Actually I did have a similar situation... I ended up getting a fair deal... Not great but fair.. 3K down 460.00 a month for 2 years... on a 36K car... That's with our state tax of 9.1% included..

I put 1k down on a car with one dealer, but after that the service sucked... So I went to another dealer and got a better price and better service... Since I did not sign paperwork and receive the car, the money was 100% refundable.. It's the law actually.. So good luck, pull out if you feel the deal is not good...

02-15-2006, 10:19 PM

Quote:

Originally Posted by dencoop

DTDREW -thats highly irregular. a 46k car with those options for that amount.. i dont see that happening

- I am giving you 100% what the deal is...no Joke...He paid $1,100 over ED Invoice...The reason the deal is so good isbecause when you do ED the Residual is based on US MSRP and Cap Cost is based on ED Invoice...

-Use my numbers and do the math....Its like getting a BMW 525i for the Price of a Camry.

$425 a month including Bank Fee and 8.625% NY tax + $450 Security and DMV...That is It....(24MO. 77%rES 00160mf+0003 FOR ed)

...

Thanks.

was the dealer in brooklyn?

fllpunk · 02-15-2006, 11:24 PM

325 sp, xenons, floor mats, chrome tips, alum pedals: $500 w/tax, $0 on delivery, 12k /year x 3 years. Good or bad, I used this deal to get out of a slightly over-mileaged z3c I was leasing (with some minor damage too)

dencoop · 02-16-2006, 07:50 AM

DTDREW -was the dealer in brooklyn?

-Yes, we got it From Life Quality BMW in Bay Ridge Brooklyn..a few blocks awa from Century 21 and across the Mazda dealership....The CA is Andy Tse...very goot at his job....

I could have gotten even a better deal from Open Road BMW $750 over ED Invoice..but we all live in Brooklyn so for a few bucks its not worth it...plus we thought the deal was good as it is....

- I am picking up my 2006 Alpine White 325i Feb 27 via ED in Munich...I'll post picks once I get it....I got a similar deal....

-If you are interested or are having a hard time beliving then just PM me and Ill Scan and sent you my contract (not Bill Of Sale -that can change, but the actual BMWFS contract)....

-By the way I see that you have the same car that I am getting and live in Brooklyn...Can you please let me know where you got your windows tinted?How much? and % tint?

-Where did you get your wheels?...I love the chrome on white....check out my accord(and wife on the inside shot)....

Thanks.

02-16-2006, 08:13 AM

i went to life quality once.. they suck...they have a bed reputation.. i have leased all my bmw's from prestige bmw in nj

dencoop · 02-16-2006, 09:18 AM

I agree with you...The first time I went there the Lady CA spoke to me as If I was a 5yr. old...turned me off.....Then My friend and I went in again...I just wanted to show him the car I was interested in and this ther guy came up to us asked if he could help and I just said "No Thanks, your dealership sucks...i just wanted to show my friend the car i was interested in...."...he said why? and I told him the story about the first time i was there....he apologized and asked if he could make it up....everything is history from there.....It just goes to show that a good CA will make a Huge diff. in the mind of the consumer about the dealership....

Thanks.

02-15-2006, 03:38 PM	#23
325i6pd Private 4 Rep 56 Posts Drives: 325I 6 Speed Join Date: Jan 2006 Location: Seattle, WA iTrader: (0)	The deal is not done... Hey just because you put down 1K does not mean the deal is done... I talked with my BMW dealership about this same situation. If you bought the car and signed all the paperwork, then it's a done deal. The 1K is totally refundable if you have not signed any paperwork. And even if you signed a deposit form, I would not hold up unless they already released the car to you. I'm guessing if you are putting up a deposit, then they don't have the car yet... So go back to them and get your payments lower!!! Much lower.. Good luck..
	Appreciate 0 Quote

02-15-2006, 03:48 PM	#24
Beto Pereira Enlisted Member 2 Rep 33 Posts Drives: BMW 325i Join Date: Feb 2006 Location: West Melbourne FL iTrader: (0)	yeah, i know. i left the dealership not feeling happy about it. at first, i was like, it's a bmw, a $130 more a month than what i'm paying now is not that bad. but then i thought... i also put down $4k and i used to have car. so then i started looking at the numbers... and man, was i unhappy. 325i6p... you had a similar situation? what was the outcome of it?
	Appreciate 0 Quote

02-15-2006, 03:54 PM	#25
DTDREW Guest 0 Rep n/a Posts Drives:	call up your dealer or go there and throw him the numbers people are talking about on here. He is probably giving you a lease price over your built msrp.. i had about 3k taken off my msrp to base my lease price
	Appreciate 0 Quote

02-15-2006, 04:54 PM	#27
Scorviss Private First Class 55 Rep 167 Posts Drives: OG M2, G80 on order Join Date: Jan 2006 Location: Silicon Valley iTrader: (1)	Going back to the original question, no it's not a good deal, my dealer just accepted my offer of: 2500 down 10k miles per year MSRP 35,020 (325i sport auto sat. prep) Neg. price 33,160 (1k over invoice) $321 per month with tax included! I know about not putting money down, i just wanted lower monthyl payments __________________ I like cars
	Appreciate 0 Quote

02-15-2006, 06:20 PM	#28
younghov85 Captain 65 Rep 889 Posts Drives: 2006 E90 black 325 Join Date: Aug 2005 Location: Lanham, Maryland iTrader: (0)	With mine i got jet black, prem. pack. heated seats, and the wheel and tire insurance and after everything it was like 35,450. With 10,450 down, i pay 490.00 for five years.
	Appreciate 0 Quote

02-15-2006, 09:08 PM	#29
dencoop Captain 165 Rep 690 Posts Drives: Porsche (991) 911 C4S Cab Join Date: Sep 2005 Location: Staten Island, NY iTrader: (1)	DTDREW -thats highly irregular. a 46k car with those options for that amount.. i dont see that happening - I am giving you 100% what the deal is...no Joke...He paid $1,100 over ED Invoice...The reason the deal is so good isbecause when you do ED the Residual is based on US MSRP and Cap Cost is based on ED Invoice... -Use my numbers and do the math....Its like getting a BMW 525i for the Price of a Camry. $425 a month including Bank Fee and 8.625% NY tax + $450 Security and DMV...That is It....(24MO. 77%rES 00160mf+0003 FOR ed) ... Thanks.
	Appreciate 0 Quote

02-15-2006, 09:16 PM	#30
younghov85 Captain 65 Rep 889 Posts Drives: 2006 E90 black 325 Join Date: Aug 2005 Location: Lanham, Maryland iTrader: (0)	Did u lease or buy?
	Appreciate 0 Quote

02-15-2006, 11:24 PM	#33
fllpunk Private 12 Rep 91 Posts Drives: 2014 i3 REX Join Date: Dec 2005 Location: Gainesville, FL iTrader: (1)	325 sp, xenons, floor mats, chrome tips, alum pedals: $500 w/tax, $0 on delivery, 12k /year x 3 years. Good or bad, I used this deal to get out of a slightly over-mileaged z3c I was leasing (with some minor damage too)
	Appreciate 0 Quote

02-16-2006, 07:50 AM	#34
dencoop Captain 165 Rep 690 Posts Drives: Porsche (991) 911 C4S Cab Join Date: Sep 2005 Location: Staten Island, NY iTrader: (1)	DTDREW -was the dealer in brooklyn? -Yes, we got it From Life Quality BMW in Bay Ridge Brooklyn..a few blocks awa from Century 21 and across the Mazda dealership....The CA is Andy Tse...very goot at his job.... I could have gotten even a better deal from Open Road BMW $750 over ED Invoice..but we all live in Brooklyn so for a few bucks its not worth it...plus we thought the deal was good as it is.... - I am picking up my 2006 Alpine White 325i Feb 27 via ED in Munich...I'll post picks once I get it....I got a similar deal.... -If you are interested or are having a hard time beliving then just PM me and Ill Scan and sent you my contract (not Bill Of Sale -that can change, but the actual BMWFS contract).... -By the way I see that you have the same car that I am getting and live in Brooklyn...Can you please let me know where you got your windows tinted?How much? and % tint? -Where did you get your wheels?...I love the chrome on white....check out my accord(and wife on the inside shot).... Thanks. Attached Images Last edited by dencoop; 02-16-2006 at 08:11 AM..
	Appreciate 0 Quote

02-16-2006, 08:13 AM	#35
DTDREW Guest 0 Rep n/a Posts Drives:	i went to life quality once.. they suck...they have a bed reputation.. i have leased all my bmw's from prestige bmw in nj
	Appreciate 0 Quote

02-16-2006, 09:18 AM	#36
dencoop Captain 165 Rep 690 Posts Drives: Porsche (991) 911 C4S Cab Join Date: Sep 2005 Location: Staten Island, NY iTrader: (1)	I agree with you...The first time I went there the Lady CA spoke to me as If I was a 5yr. old...turned me off.....Then My friend and I went in again...I just wanted to show him the car I was interested in and this ther guy came up to us asked if he could help and I just said "No Thanks, your dealership sucks...i just wanted to show my friend the car i was interested in...."...he said why? and I told him the story about the first time i was there....he apologized and asked if he could make it up....everything is history from there.....It just goes to show that a good CA will make a Huge diff. in the mind of the consumer about the dealership.... Thanks.
	Appreciate 0 Quote