335i coupe payment question/opinion

[Thousandaire]

Hi,

I'm new to BMW. I'm considering ordering a 2007 335i Coupe, metallic black paint, gray or black interior w/brushed aluminum + manual transmission.

I live in southern CA. My broker has quoted me:
$43220 = sticker
$41535 = invoice
$42535 = my price
$2000 = down payment

$653 per month including tax. Based upon 3 years with 15k per year.

Can i please have your opinions? Should i pull the trigger?

[dhmilosr]

My BMW dealer in Maryland told me "Everyone pays MSRP for the ultimate driving machine"... I didn't buy that line so I found a discount through my wifes employment and paid less. Your deal indicates $1k above invoice, that's pretty good. Go for it. I ended up paying $1.2k above invoice.

[rifle]

I have 2 dealers in my state. One wanted MSRP the other $1500 below MSRP. I know that we all want the best deal but it also depends on what fits your budget. I had a conversation with a buddy of mine the other day, no matter what, most guys always feel like the dealership got the best of us all. If you get invoice on a vehicle then somewhere in the back of your mind you think "maybe I should have pressed a little more". Needless to say I am pretty pleased with the price of my coupe on order.

[fairtex]

Take it, that's a good deal. Only problem is the package is pretty basic if those are the only options listed, which is why the dealer probably wants to get rid of it -- the latte sipping populace that drives your average bimmer wants options. Active steering, cruise control, park distance, bluetooth, yada yada. If you're more for the driving experience and the feel of the car, that deal will be hard to beat.

[Russell328is]

When you say $2k down payment, are you talking about "capital cost reduction," or "total due at signing?" Don't put money down on a lease, it's not a good decision. That said, the $2k drive off is normal, that's what everyone has to pay at min to start the lease (destination + first month + security).

[TwinTurbo335i]

In Portland Oregon, they are giving 700-1200 below MSRP.

[E90Toad]

When you say $2k down payment, are you talking about "capital cost reduction," or "total due at signing?" Don't put money down on a lease, it's not a good decision. That said, the $2k drive off is normal, that's what everyone has to pay at min to start the lease (destination + first month + security).

+1 on the no down pmt, bad idea.

If that is your total out of pocket, then you are OK. You can roll in the aquisition fee as well.

The residual is 58% on a 335i coupe for 3yr/15k leases. The money factor is .00175 for Dec. The dealer is allowed to mark this up to .00215 (+.0004). That is just profit for the dealer, try and negotiate it off or at least down. You did fine on the car price so they may not move much on that.

[Thousandaire]

Thanks for all the replies! Yea, the $2000 down includes tax, license and something else. It's about $500 total and about $1500 towards the cost of the car. I just placed the order today. They say in the first couple of weeks in March is when i should expect it.

[docross]

Hi,

I'm new to BMW. I'm considering ordering a 2007 335i Coupe, metallic black paint, gray or black interior w/brushed aluminum + manual transmission.

I live in southern CA. My broker has quoted me:
$43220 = sticker
$41535 = invoice
$42535 = my price
$2000 = down payment

$653 per month including tax. Based upon 3 years with 15k per year.

Can i please have your opinions? Should i pull the trigger?

its tough to find someone willing to go down on MSRP, go for it

[docross]

feb build date march delivery--congrats

[ADAM///M]

There are other costs.

How much did they charge for MACO? How much for Training? Is the money factor being inflated above the base BMW FS rate? Did you pay a security deposit? Did you know with additional security deposits (BMW allows up to 7) you can "buy down" your money factor? (essentially reduces your interest cost) Did the dealer mark up the lease acquisition fee? Did you know that a down payment used as a cap reduction can not be recovered by you if you total your car during the lease period?

All of the stuff above can add thousands to the dealer's profit.

Your payment seems very high to me given that your car is "bare-bones" and my hunch is that you are paying more for some of these other costs.

As a comparison, my 335 sedan with metallic paint, sport package, premium package, PDC, sirius, cold weather package with 15K miles for 36 months came to $622/month with $1,100 drive off. Your's should be less.

By the way, did you order from Sterling BMW? They tried to add a bunch of costs to my deal and so I went about 30 miles north for my deal. If you like, PM or e-mail me and I can help you out on some of the details.

[Thousandaire]

How much did they charge for MACO? How much for Training? Is the money factor being inflated above the base BMW FS rate? Did you pay a security deposit? Did you know with additional security deposits (BMW allows up to 7) you can "buy down" your money factor? (essentially reduces your interest cost) Did the dealer mark up the lease acquisition fee? Did you know that a down payment used as a cap reduction can not be recovered by you if you total your car during the lease period? I dont know about the above
The guy said there is no security deposit but the money factor would go up slightly? I could pay $500 for the deposit but the payment would only go down about $15-$20 per month.



Your payment seems very high to me given that your car is "bare-bones" and my hunch is that you are paying more for some of these other costs.
As a comparison, my 335 sedan with metallic paint, sport package, premium package, PDC, sirius, cold weather package with 15K miles for 36 months came to $622/month with $1,100 drive off. Your's should be less.Yea, I thought a car with no options would be cheaper too. To be honest, the reason I started looking at the 335 (besides the obvious) <besides the="" obvious=""> is the lease payment special on the website for $499 per mo. + tax. Even though I am putting $1500 less and getting 5k more miles per year, I dont think the payment should as high either? and It's kind of weird cause his first quote was for a 335 but with auto trans., cold weather package, sport package and triptronic and payments would be $711 including tax?!?! (I think the price was about $46k. I would get this car but I want a manual).

I also went onto the BMW website, under the payment section and made the payment quote as close to the purchase price of my car as possible, the payment is about $15 dollars less then the payment I am getting.

What was the purchase price of your car?

I think the unit is in LA</besides>

[ADAM///M]

I dont know about the above
The guy said there is no security deposit but the money factor would go up slightly? I could pay $500 for the deposit but the payment would only go down about $15-$20 per month.

Yea, I thought a car with no options would be cheaper too. To be honest, the reason I started looking at the 335 (besides the obvious) <besides the="" obvious=""> is the lease payment special on the website for $499 per mo. + tax. Even though I am putting $1500 less and getting 5k more miles per year, I dont think the payment should as high either? and It's kind of weird cause his first quote was for a 335 but with auto trans., cold weather package, sport package and triptronic and payments would be $711 including tax?!?! (I think the price was about $46k. I would get this car but I want a manual).

I also went onto the BMW website, under the payment section and made the payment quote as close to the purchase price of my car as possible, the payment is about $15 dollars less then the payment I am getting.

What was the purchase price of your car?

I think the unit is in LA</besides>

Yeah I think the money factor is where the increase is. I dunno if your deal is signed yet, but perhaps you can negotiate the base BMW financial services rate of 0.0015 for the 335. That is the December published rate and that is the rate people are getting. Some dealers increase it to make more profit and it's certainly at their discretion.

Regardless, sounds like an awesome car and congrats!

[steve99m3]

The BMW FS rate of 0.0015 is for the sedan, not the coupe. Also, from what I understand, you will only get this rate if your credit is good (not unusual) and you are a returning BMW FS customer - otherwise the "base" rates are higher.

[E90Toad]

The BMW FS rate of 0.0015 is for the sedan, not the coupe. Also, from what I understand, you will only get this rate if your credit is good (not unusual) and you are a returning BMW FS customer - otherwise the "base" rates are higher.

While credit score is a factor, it only determines if you can get a BMWFS lease, the base rate is always the same. BMWFS leases are a go, no go situation, not tiered.

The only things that change the lease factor are, dealer markup (up to .0004 max) and deposits (every additional deposit brings down the rate by a specified amount).

For my upcoming lease I negotiated .0015 LF and am not putting down a deposit because I have a current lease on my wifes X5. BMWFS only requires one deposit no matter how many cars you lease to get the base rate. Out X5 was at the current base rate when we got it last year as well.

[ADAM///M]

The BMW FS rate of 0.0015 is for the sedan, not the coupe. Also, from what I understand, you will only get this rate if your credit is good (not unusual) and you are a returning BMW FS customer - otherwise the "base" rates are higher.

My bad...I didn't notice that he wanted the coupe. I just checked and the December lease rate MF for coupes is 0.00175, so a little higher than the sedan but still very good.

[Jrocket]

As a comparison, my 335 sedan with metallic paint, sport package, premium package, PDC, sirius, cold weather package with 15K miles for 36 months came to $622/month with $1,100 drive off. Your's should be less.




$1100.00 total drive off? Did you buy down you MF with 2 deposits or? Im trying to compare your deal to what my current offer is.

335i sedan
$47,420.00 msrp
10k miles/36 months
$2200.00 out of pocket
$625.00 a month

or $4400.00 out of pocket
$558.00 a month

any input?

[mose121]

$1100.00 total drive off? Did you buy down you MF with 2 deposits or? Im trying to compare your deal to what my current offer is.

335i sedan
$47,420.00 msrp
10k miles/36 months
$2200.00 out of pocket
$625.00 a month

or $4400.00 out of pocket
$558.00 a month

any input?


Are you paying MSRP?

[Jrocket]

Are you paying MSRP?

From what I gathered so far,yes.

[mose121]

From what I gathered so far,yes.

That's the first problem. Seems like most are getting a 1500-2000 discount at least. Also, ask the dealer to throw in a set of floor mats. They don't come with the car.

[z4guy]

Price in relation to MSRP only has to do with the area demographic and the ability of the salesman to do their job. Is a new 335 worth sticker? Some would say yes, some would argue that no one should pay sticker regardless of what the car is. Selling price is relative and to say that "most" are getting 1500-2000 off msrp just isn't true.

[mose121]

Price in relation to MSRP only has to do with the area demographic and the ability of the salesman to do their job. Is a new 335 worth sticker? Some would say yes, some would argue that no one should pay sticker regardless of what the car is. Selling price is relative and to say that "most" are getting 1500-2000 off msrp just isn't true.

I guess what I'm trying to say is, if you're quoted sticker price just go somewhere else. Nowadays, asking clients to pay sticker price is insulting. There is always a dealer willing to sell for less than sticker unless it's a super car/uber rare. You can buy a car from any dealer in the country, not just the one up the street. We used to sell cars to a lot of NY'ers b/c they were getting stiffed in the big city. They'd just take a day and drive down and pick it up. Personally, I like to travel to get a car. The long drive home is a good bonding expierence.

[MkNY83]

My bad...I didn't notice that he wanted the coupe. I just checked and the December lease rate MF for coupes is 0.00175, so a little higher than the sedan but still very good.

When you say you just checked...where are you checking??

[aftp302]

When you say you just checked...where are you checking??

They can change monthly, here is the link to the February numbers.

http://forums.roadfly.com/forums/financing/8244557-1.html

[proton2112]

My BMW dealer in Maryland told me "Everyone pays MSRP for the ultimate driving machine"... I didn't buy that line so I found a discount through my wifes employment and paid less. Your deal indicates $1k above invoice, that's pretty good. Go for it. I ended up paying $1.2k above invoice.

don't believe that crap :p i had one dealer near me tell me that on my first bmw and i already knew it wasn't the case because i had been shopping around. the one i wound up buying from gave it to me for 500 over invoice. i would say it's very dealer (or maybe salesperson) specific.

if you have to order one or get a long-distance swap you will have to fight harder but if you take something off the lot you can ask for much more. if they refuse to budge on a certain price any further, ask them to throw something in free (i'm told they don't mind that as much), tinting, clear bra, satellite, alarm, mats, etc.

1) visit the dealer to test-drive it.

2) use the telephone to call every dealer within whatever radius miles you could stand driving until you get a good deal. make sure they know you're ready to deal once you hear the right numbers. ie: don't go back to the a dealer until you have to. in my experience they are never in a hurry once you're there and you will waste so much time there that you could have used to compare with other dealers.

if you're leasing, make sure you understand leases. make sure they have the residual correct and they don't jack up the money factor on you. after that it's just negotiating the purchase price and making sure they don't slip any funny fees in on you.

that's my method anyway :)