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2011 BMW 328xi Sedan MSRP = $37,075 (Jet Black, includes Value package - Leather/ipod adapter/17"alloy wheels, and moonroof) Adj Cap Cost = $34,620 (negotiated price=invoice cost) Total Down = $3860 (Includes 1st month's payment, bank acq fee, reg/doc fees, and $2000 down payment) 36 months 15k/year Monthly = $374 base plus $23 tax = $397/month MF=.00105, Residual 57% I was hoping to get the car for $300 to $500 under invoice but the supply of manual transmission cars was extremely low and none of the dealers I spoke to would go any lower than invoice. In fact, most of the quotes I got were $500 above invoice. As part of the deal, I convinced the dealer to through in the rubber floor mats. I think its insane that BMW doesn't include floor mats and charge $170 extra for them. The car was purchased from a dealer north of Boston MA in Peabody. Found them very reasonable to work with.
Recently put in order for 2011 X5 x35i Premium (Tech, Conv, Cold, HUD, etc). 36 months / 12k MSRP: 61525 Cap: 57745 - $100 cap reduction MF: .0022 - MSD x7 (.00171) Residual: 62% Monthly $749 (inc 6.25% tax) -------------- First I'm curious if folks in MA are getting similar offers (or better). It ends up being 1100 or so over invoice. Second, the new Nov MF and residuals aren't out yet, but if I choose to go with the numbers can I apply the $2500 Holiday credit to the purchase price? Thanks!
Hello, I'm new to this forum, and BMW's in general. I am thinking of purchasing a CPO '08 528xi, much to the dismay of my husband. He says maintenance costs are always 4 figures and upkeep is too high. I have heard good and bad, and after reading a lot of these posts I am still confused. The cars I'm considering are 1-owner, between 39,000 and 45,000 miles, ranging in price from $33,4 to $36,2. Any thoughts either way anyone can share? I live in MA.
mspopilek, A good deal is measured by the sell price (negotiable) and the money factor (may or may not be negotiable) as well as the residual (non-negotiable). I assume that the "Negotiated Cap Cost" of $57,134.10 is the sell price or what is called the Agreed Upon Value in leasing jargon. It would behoove you to research Edmund's invoice pricing as well as overstock or amex at zag.com for competitive low pricing in your area if you haven't already done so. Also, if you have outstanding credit, you need to determine whether or not the 0.00220 money factor is the "buy rate" which is the lowest rate offered to those with excellent credit. If it isn't, make sure you're getting the buy rate. It appears as though your car is to be registered in a state that taxes the payment streams as they're received (e.g., PA, MA, CA, FL). Some states compute sales tax on the sell price; others on the total of the taxable payments and, then, there are those that tax depreciation only. Regarding the numbers you provided, your gross cap should be $57,859.10 which is also your adjusted cap as there is no cap reduction. Also, I'm not sure where the upfront tax of $27.33 is coming from. The only taxable item listed upfront is the $389 dealer doc fee for which the tax should be 0.06 x $389 = $23.34. I would research the sell price and inquire as to whether or not the 0.00220 money factor reflects the buy rate. Also, ask about the $27.33 upfront tax as it doesn't make any sense. Hope this helps. John
I was able to get a 2011 335i xDrive with all prices quoted at invoice. With the $1,840 Option Credit and $750 dealer profit, the net even after Destination, registration, doc fees, etc was still under invoice. I got mine in June. My dealership is in Sudbury, MA.
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