[park21]

Hey Guys

Thinking about a 2011 335i alpine white/6spd/m sport/harmon kardon/ipod bmws website shows msrp of 47800. Dealer quoted me 45,193 plus ttl. Is this a decent deal? this will be my first bmw any input is greatly appreciated.

Also I am planning to lease and with about 5k down my payments are 580 for 15k yr/ 36 months. Sound Right? Website advertises a lease of 439 for 36 months on an msrp of 47,550 but does not include taxes and only allows you 10k miles a year. Even with this I was still surprised at the jump in monthly payment but now Im in love with the car lol!

[M3 Esq]

Check edmunds.com for invoice pricing. Add about 200-400 to that price for MACO and training fees and you will have dealer invoice. Or, just do a searh for in these forums for dealer invoice pricing. If it were me, I would offer invoice and go from there. If you end up around invoice + $500 you did very well. In this market, you should certainly be able to do better than around $2000 below.

As for the lease, try to put a little down as possible. A down payment on a lease in generally a bad idea because (i) leasing allows you to get the car with no down payment thus minimizing you initial cash outlay, and (ii) if you total the car, you lose your down payment. Search the leasing threads to learn more about the pros and cons of leasing.

Hope that at least gets you started.

[idrift4wd]

Originally Posted by park21

Hey Guys

Thinking about a 2011 335i alpine white/6spd/m sport/harmon kardon/ipod bmws website shows msrp of 47800. Dealer quoted me 45,193 plus ttl. Is this a decent deal? this will be my first bmw any input is greatly appreciated.

Also I am planning to lease and with about 5k down my payments are 580 for 15k yr/ 36 months. Sound Right? Website advertises a lease of 439 for 36 months on an msrp of 47,550 but does not include taxes and only allows you 10k miles a year. Even with this I was still surprised at the jump in monthly payment but now Im in love with the car lol!

i wouldnt jump the gun,

shop, compare and get quotes. Selling a car is all about competition and getting the sale. Try at least 3 dealers, it takes time but if it can save you, a grand or 2 why not.

[park21]

Wow! I had no idea about the money down on a lease. I just assumed you put money down like the ad described. Thanks alot! I diffinetly need to do some more research on leasing

[majin ssj eric]

Research leasing. The less money up front the better as it is essentially wasted. Up front costs should just be your first month's payment and whatever acquisition fee your dealer charges. You can also look into MSD's if you wish to lower your payment in such a way as you can get your money back in the end....

[WWONG]

Originally Posted by park21

2011 335i alpine white/6spd/m sport/harmon kardon/ipod bmws website shows msrp of 47800. Dealer quoted me 45,193 plus ttl.

Seems like an okay price, but it looks like you have room to bargain. State your price to the Internet sales people of all the local dealers and they're sure to respond and try to get you a lower price. The best Internet dealer to deal with was Momentum.

Which dealer are you going through in Houston? I can tell you the worst experience and definitely most overpriced is BMW of Houston North. Avoid that place like the plague. The three sales people I've dealt with are extremely rude and they act very snobby.

I would recommend Advantage Midtown. The employees are nice and their M3s, M6s, 750Lis, and other overpriced BMWs parked under a major Interstate on gravel is a hilarious site to see. It's also the cleanest dealership I've seen in Houston, and I went to all of them.

[M3 Esq]

Originally Posted by park21

Wow! I had no idea about the money down on a lease. I just assumed you put money down like the ad described. Thanks alot! I diffinetly need to do some more research on leasing

If you want to put money down, look into making MSDs (multiple security deposits). You can make up to 7 MSDs equaling your monthly payment rounded to the nearest $50. It is a way to draw down the money factor. Each deposit reduces the MF .00007 I believe. And the best part is that you get the MSD's back at the end of the lease (assuming you don't have any excessive wear charges).