06 325i, not sure?

[Lightngsvt]

I have been given the "opportunity" to purchase a brand new 2006 325i from my local dealer. The car is brand new, never titled and has under 100 miles and is silver over black leatherette. Its a pretty basic 3 with only auto (bummer) and heated seats as options. But this would be replacing a DD with even less options. Id prefer a manual but I was still impressed by the last E90 I drive that was an auto. I like the color combo and other than the Sport pkg and Xenons its got everything I really need in a car (decent stereo, moonroof, full power, ABS/TCS, etc).

They are offering a 24 mo low mile lease for $339/mo + 6% MI tax and are looking for $3200 due at signing. I have pretty good authority that they may be willing to do the same deal with $1500 or $2000 at signing and the same pmt. They did give me the details but I have misplaced them.

Im a bit torn as Id love a 6 speed and a 335i but the 335i isnt in the budget right now and Im sure I couldnt touch an 07 328i for less than $4-500/mo + taxes. Does this seem like a "good" deal? Being a lease Im not worried about the depreciation from being an older model year. Does BMW offer the dealers extra incentives to get rid of cars like this? Anything I could use for further negotiation?

[jbass524]

It just doesn't sound like a great deal. I bought a 335 and when I was at the dealer they offered me an '07 328 sedan equipped the same way for 355.00 a month with the same drive-off.

I would shop around. I don't know much and I'm sure others have a lot better info but here you go:

The lease rate, residual and purchase price are 3 important elements to consider
Lease Rate through BMW Financial seems to be the way to go and can get down very low depending on the dealers markup. Mine is at 1.9%.
Residual is related to the perceived excellence of the car. The '06 325 is a great car but the '07 328 might have a higher residual percentage. You can also look at a 3 year lease as the residual percentage decreases the most in the 1st 2 years.
Purchase price on a lease can be negotiated just like when you're buying the car. Make sure you play a little hard ball.That's what I know.

Good luck.

[Lightngsvt]

Salesman just called and told me they dropped the deal to $299/mo. Of course he then proceeded to tell me it just sold to. Thanks a lot........ Hell you can barely get a Ford Fusion for that little bit of money.

[TheRealMadDog]

Salesman just called and told me they dropped the deal to $299/mo. Of course he then proceeded to tell me it just sold to. Thanks a lot........ Hell you can barely get a Ford Fusion for that little bit of money.

Sounds like BS to me. Go find another dealer.

TRMD

[Vanos01]

Salesman just called and told me they dropped the deal to $299/mo. Of course he then proceeded to tell me it just sold to. Thanks a lot........ Hell you can barely get a Ford Fusion for that little bit of money.


Careful, something smells fishy?

[e90dr]

I've seen them at $299/month, actually for 328 (2007) @ Chapman in Phoenix. Not sure about the down payment...

[Lightngsvt]

What got a bit under my skin was why would this guy call to tell me 1) they just sold the car and 2) they wanted it gone so they lowered the payment (dropped the asking price or rate I assume)? Its not like he was telling me it was available. Sounds almost like spite to me.

I went to Chapman's website and it looks like their $327/mo lease for the 07 328i would be with roughly $4000 COD. I dont really want to put that much down, besides MI to AZ is a long ways tog o for a car.