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02-12-2013, 03:42 PM | #67 | |
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Virtualmayhem, as per the figures you provided: MSRP $74,770 Purchase Price $69,850 Resv - 62% MF - .00130 Term 36 months You should get $875 with your taxes. your others fees in my opinion are way too high. Acquisition fees should be no more than $725. Doc fees if any should not be more than $299. DMV fees should be in $300-400 range (check with your DMV). Now if you use 7MSD your new payments should be $813.54 inclusive of taxes. And if you take further $1500 incentive in account, you new payment with incentive + 7MSD should be $766.82. So from $875 to $766, that is a big difference of $109 per month saving totalling $$3924 for life of lease. If you can still get them to go further down on the purchase price, that would be great. I still think there is more room to negociate on that part. If you can get them down to 9-10% off of MSRP, you have got yourself a smokin deal. Tell them you will come down rite away, if they can come down to your price. Make sure you don't overpay on any of the fees, otherwise it beats to negotiate. Try to get all the numbers and fees in email before you go down to the delar, so there is no change in figures. Also have you tried to get in touch with Jon Shafer or Greg Poland. See what they can do. You can send them PM. Look in the Ask-A-Delar section on the bimmerfest forum. I still strongly belive you can get 550's for 9-10% off of MSRP. In my story i missed out on the $1500 incentive by 13days, otherwise i would have saved another $50/month, and my payments would have been $640 instead of $690 with 7% taxes. But no regrets, i love the car, and i know i got the car at very good price. Good luck and let us know how it goes. Thanx! |
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02-12-2013, 10:05 PM | #68 |
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What do you guys think about this?
Sorry for the minimal info: 2013 640i M-sport Coupe MSRP: 81,000 Down: Just taxes and tags ($2k?) Monthly payment: $920/mo 10k miles per year
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02-12-2013, 10:21 PM | #69 | |
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Can you explain the math behind the 7 MSD's? So the security deposit is the first month's payment and in this case you are doing 7X that deposit how are you arriving at that new payment? I definitely have the cash for MSD's. That payment reduction would be awesome I assume you are applying the $1500 cash against the car purchase price - this dealer seems to think you apply that to the acquisition fees. I sent a note to Jon and didn't get a response, I will reach out to Greg and see what he comes up with. |
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02-13-2013, 10:24 AM | #70 | |
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the $1500 lease incentive as per my knowledge, you take it off of your negociated purchase price. if i am wrong, someone please correct me. And as per 7MSD, your MF will drop .00007 for each security deposit you put down. 0.0013 -0.00007 -0.00007 -0.00007 -0.00007 -0.00007 -0.00007 -0.00007 0.00081 Final MF. security deposit is determined by your final monthly payment. So for instance your monthly payment is say $875, one security deposit is $900 (rounded to next $50). If you apply MSD and your payment say becomes $800, than the new amount of security is $800 for each. I am really not good at explaning this, but if you visit bimmerfest, there is a 20+ pages tread on it. I would strongly suggest, you read up on it. I did and it really helped me out while i was negociating. You don't have to put 7MSD, but the limit is 7. You can put 3, 4 or 6 anything you like and are comfortable with. Thanx! |
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02-14-2013, 11:24 AM | #71 |
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Thanks for the information on the MSD's, I think I get it after reading the other articles here.
A question on the $1500 lease cash - dealer is telling me that can only be applied to the drive off costs and not the final car purchase price. Is this accurate? |
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02-14-2013, 07:32 PM | #72 | |
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Also, that's too much money down.
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02-17-2013, 04:41 PM | #73 |
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Another item to remember on MSD, you get the money back at the end of the lease versus appying the money as a "down payment". I would suggest that you never put "money down" but instead apply the money towards the SD up to 7.
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02-20-2013, 12:07 AM | #74 |
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first time i leased a car. not the best deal in the world but i got the car I wanted.
2013 535XI M sport AW on black dakota leather. $14000 down payment which include $2000 for the venture shield and wheel/tire protection, and BMWFS fees etc. M-Sport package Driver assistance Premium Technology Cold Weather paddle shifters premium hi fi sound. msrp was like $67K. accessories added on by BMW CF mirror caps. CF rear spoiler. High gloss black kidney grilles. and M side sills. these added $2100ish on the MSRP. i negotiated down to $68000. 36month 15K miles a year. 6.25% tax. i pay 675.03 a month. i know it's not the best deal but compare to the panamera i was originally going for, this is much cheaper. also leasing a car is a first time thing for me so i don't know most of the things you guys are talking about. so, how badly did I get screwed? lol
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02-20-2013, 04:20 PM | #76 |
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2013 BMW 550ix $0 down 36 months 10K, MSRP$ 66545 for $569 month plus taxes. this car has only cold weather package. Navi, rearview camera and park distance are standard on 550's. If somebody is not looking for lots of options, this car is a steal in my opinion. Last month i was looking at this same car for $599/month. So drop of $30/month from Jan. I have the full details they gave me when it was $599. Looks like they have dropped the cap cost little more. So if u go to lease this car, it can be even more cheaper because of $1500 lease cash. Thanx!
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02-21-2013, 08:48 PM | #77 | |
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02-21-2013, 11:08 PM | #78 |
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2013 640i Coupe
Carbon Black Black Dakota Leather M-Sport Park assist Rear sun shade Msrp: 80,975 Cap cost: 72,025 Residual:57% Money factor: .0009 Tax: 9% $0 down, $2098 fees Payment including tax: $899.71. How did I do?
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02-22-2013, 01:45 PM | #79 | |
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Sholaesq this is what i was quoted last month in Jan. MSRP - $66,545.00 Sellinng Price - 60,500 MF - .00130 Residule - 63% for $599 you had to do 7MSD. and this month, MF and Resv is same as last month but for Feb BMW has added $1500 lease cash incentive on 5 series. Thanx! |
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02-22-2013, 01:47 PM | #80 | |
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hi! is this for Gran Coupe or 2D coupe. Thanx! |
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02-22-2013, 04:48 PM | #81 |
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02-23-2013, 11:39 AM | #82 |
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I know u r looking for 2 door coupe. But below are some 4 door gran coupe quotes. $849.00 X 36 Months $0 Down Payment 2013 BMW 640i Grand Coupe*Series Sedan MSRP:$85,295.00Type: Sedan*Color:Titanium Silver Metallic*Engine:*3.0*6 Cyl.*Stock Number: FB30756*VIN: WBA6A0C55DDZ04176Model Code: 136G BMW 6 Series 650i Gran Coupe 4D Sedan $899 x 36 months $0 down payment***MSRP: *$98,195.00Type: 4D Sedan*Color: Black Sapphire*Engine: 4.40 4.4L*Stock Number: BB30765*VIN: WBA6B4C58DD098127*Model Code: 136I Last edited by ankitpoo; 02-23-2013 at 11:46 AM.. |
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02-23-2013, 02:01 PM | #83 | |
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02-23-2013, 02:41 PM | #84 |
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here's my deal that i recently was able to get from Greg over at Pacific BMW...
2013 550i Sedan Space Gray Black Dakota w/ Anthracite Wood Trim M-Sport Driver Assistance Package Executive Package Heated Seats MSRP: $72895 Invoice: $67620 10k/36 mont lease Residual: 63% MF: .00081 (applied 7 Multiple Security Deposits) Deal I got was 2000 below invoice before incentives...so final selling price was $62870 after the lease rebate (1500), loyalty (750) and Customer Turn-Key program (500). Gross Cap Cost: 62870 + 725 (Acq fee) = 63595 Drive off was just the MSDs, 1st month's payment, taxes, and fees. Monthly payment is 621.87 including KS tax. I'm from Kansas and flew out there to pick up earlier this week and drove back. Very happy with my deal If any of you are looking for a deal i would highly suggest working with Greg. He can even arrange to deliver (at your expense of course) or you can take a road trip. Hope that helps! |
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02-23-2013, 04:15 PM | #85 | |
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That is a great deal. Its almost same as mine, execept i didn't get loyalty and missed out on lease cash. Wished bmw did price match if u got the car within 30days of purchase. But still great car. Enjoy ur new ride. |
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02-23-2013, 04:44 PM | #86 | |
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02-23-2013, 07:22 PM | #87 |
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2012 528i XDrive, Demo car with 4000 Km with Perimum Package,
Update 03-25-2013: I am installing the Navigation from Bimmer-retrofit this week. MSRP: 64212 Canadian $ Deal Price (Canadian Family day deal): 55299 CA$ Lease rate: 1.9% Residual value: 61% Monthly: $450 Down: $5000 Last edited by Zaman; 03-25-2013 at 11:53 PM.. |
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