Mississippi BMW Car Dealers

Edmunds has the rates going at 5.9% for new 5 series. Is this correct? I would think BMW would be lowering them to try and get rid of the 2010's left on the lot. Also, are there any special rates for used 5-series? Thanks

It seems like you could do better. According to edmunds.com, invoice on the car is $47,080. So $47,080-$2,500=$44,580. So pretty much the dealer is getting 1k in profit. A dealer has told me whatever I get, it will be $300 over invoice. This still depends on the where you are located. How many dealers are in your area? If its only a couple then you may not have a choice. Or you may try another state if its not too far to get the better deal I would tell them $45k flat. They should take it. Good Luck, Kenny

Lol...I was just about to ask the same question. Also, if it can be combined, does that mean I should ask for invoice minus $4340 ($2500+1840)? The vehicle I am looking at has MSRP of $43,550 and invoice is about $40k. So 40k-$4340=$35,660??

Is it an 09? If so, I would say go lower. Maybe 35k out the door

I just can't understand why would you lease a car? I am sure you all know that dealers make most money off leases. You can always sell the car after 2 or 3 or 4 years and still get a better deal in terms of price. Do they? The M3 lease i mentioned above, had a finance charge of $355. That's total. Over the course of 3 years the M3's interest would be $355. 57% residual too. Well, you're saying it's on the residual they make it up. If they're selling me a 59.3k car for 52k and the residual is 33.8k, how much are they really getting from me? 18.2k + the lousy $355 interest charge or 18.5k. I also only pay tax on what I spend, so my tax is only on the 18.5k - sop $1433. Tell, me, if I bought the car what's the best finance rate? BMWFS isn't offering 2.9 on Ms. It's 5% through my credit union. First, I'll end up paying all tax on the purchase price - so off the bat the car's selling for 56k. That's a payment of 1070 a month. Over 36 months that's $38520 out the door. At the end of 3 years you owe ~24k on the loan and you might be able to get that back on if the residual is legit. Problem is, if the car is worth less than 57% of its MSRP then you've lost even more. To be nice we'll say by a miracle the residual was right and your M3 is worth 33829. If you sell the car and pay off your loan you're still down 9-10k more than if you had leased it. Remember, if the car is worth more than 57% on the lease at lease end, you can always buy it and sell it yourself or just walk away. Leasing can be an insane advantage. Right now the lease deals on M3s and 3 series cars of the 08 year are to the buyer's advantage if they're clever (MSDs, insisting on sub-invoice pricing). What most people here think of buying 2-3 years old cars? Most of the cars still work great, reliable and I assume you can have mechanic look at the car before you buy. Yes great deals on 2-3 year old cars. I've seen 2007 3 series cars listed for 22-23k. but after 3 BMW products though, I will admit I'm disinclined to believe they're good cars. I love driving them and don't mind all the warranty work as it's their dime but I fear the repair bill on used bimmers. Others have had better luck than I. And in the case of the current lease deals, it's hard to find another situation where you pay so little in interest. Five or 10 years old cars can be tricky but I have not heard many horror stories of buying 2 or 3 years old cars. I am fan of buying outright and no loan outstanding When you can get close to 0% on a loan - 1% and lower - it's hard to agree with investing cash into a car. I'd rather have 56k sitting in the bank collecting 3%-4% (or invested) than sitting in my garage depreciating. At 4% and up a case can be made for buying with cash and certainly buying used for full cash. Then again, 2006 3 series cars are going for 0.9% financing and two payments made by BMW. Why would you put your cash into the car when you make more with it sitting in the bank? and in this way I don't have to have insurance deductibles what dealers dictate? Not following. Nobody really dictates anything beyond $500 deductibles. I've leased two BMWs...they don't check and they don't press on deductibles. My 2003 330i was hit a few times (parked 2 of them and a girlfriend drove it into a pole another time) - BMW didn't blink when I returned the car. You are generally right about leasing. But on some occasions the deals are too good, the interest too low and the deal just right. Heck, people who leased 06 330is are now buying out their leases as CPO (warranty to 100k on powertrain) for 3-4k below the original lease residual. They're getting a crazy deal on a used car they already leased!