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View Full Version : Pricing $500 over invoice on 05 3.0 good deal?


pps-325xit
03-15-2005, 06:55 PM
n/t

kyfdx
03-16-2005, 06:24 AM
n/t

Yes... it is a great deal...

Also, very good lease numbers this month..

jk330i
03-16-2005, 07:15 AM
n/t


what was the breakdown of payments? down/monthly?

pps-325xit
03-16-2005, 09:15 AM
2005 x3 3.0 litre (18 mi on odometer)
Options:
Steptronic :cry: (it's the wife vehicle for business), at least we went for the 3.0
Navigation system
Leather (Gray)
Heated Seats
Xenon :thumbup:
Privacy glass
Metallic Paint (Blue Water Metallic)
MSRP $42,370
Invoice $39,155
Offer $39,655
Haven't decided on finance/lease yet.
Finance: 60 months at 3.9 percent, ~$771/month, $0 down
Lease: 36 months, 15k miles/year, $577/month ($1600 driveoff, 57% residual, money factor I think was 1.5, no security deposit )

echelon153
03-16-2005, 09:25 AM
that's what i paid for on mine. went to allison bmw in mtn. view

jk330i
03-16-2005, 11:01 AM
2005 x3 3.0 litre (18 mi on odometer)
Options:
Steptronic :cry: (it's the wife vehicle for business), at least we went for the 3.0
Navigation system
Leather (Gray)
Heated Seats
Xenon :thumbup:
Privacy glass
Metallic Paint (Blue Water Metallic)
MSRP $42,370
Invoice $39,155
Offer $39,655
Haven't decided on finance/lease yet.
Finance: 60 months at 3.9 percent, ~$771/month, $0 down
Lease: 36 months, 15k miles/year, $577/month ($1600 driveoff, 57% residual, money factor I think was 1.5, no security deposit )

Doesn't sound bad but IMHO I think you can negotiate a $800 drive-off because that is what they did for me. You can save $800-1000 more on that deal if you ask!

ERdoc
03-16-2005, 11:18 AM
$500 over invoice is a great deal, but only if you you don't get screwed on the financing or trade it. I did a lot of shopping around and used the internet to get quotes from nearby cities before I finally closed the deal with the only local BMW dealership on a Highland greeen 2005 3.0 w/ heated seats. I paid $1000 over invoice but I also got $1500 more for my trade in than they were initially willing to give me before I shopped around. And then when we finally went in to discuss the financing, they conviently forgot about BMW's 3.9% rate promotion that going on this month until I reminded them. I had to deal with a lot of gritting of teeth and waiting while the salesman had to "talk with his manager" before I finially got the deal I wanted but in the end it worked out. My wife loves her new X3 and I have a new toy to play with when I'm not driving my Murano.


(Maybe that's why I didn't get a keychain, hat or floor mats...)

kyfdx
03-17-2005, 06:54 AM
2005 x3 3.0 litre (18 mi on odometer)
Options:
Steptronic :cry: (it's the wife vehicle for business), at least we went for the 3.0
Navigation system
Leather (Gray)
Heated Seats
Xenon :thumbup:
Privacy glass
Metallic Paint (Blue Water Metallic)
MSRP $42,370
Invoice $39,155
Offer $39,655
Haven't decided on finance/lease yet.
Finance: 60 months at 3.9 percent, ~$771/month, $0 down
Lease: 36 months, 15k miles/year, $577/month ($1600 driveoff, 57% residual, money factor I think was 1.5, no security deposit )

Residual is 59%
Base MF is .0010

With cap cost of $40,280 (including $625 acq.fee) the payment should be:
$490 + tax.. with upfront of 1st pymt and security deposit plut title/license..

If you get a $500 over deal, but then let them jack up the money factor, you are giving back $1000..

regards,
kyfdx

jk330i
03-17-2005, 08:24 AM
Residual is 59%
Base MF is .0010

With cap cost of $40,280 (including $625 acq.fee) the payment should be:
$490 + tax.. with upfront of 1st pymt and security deposit plut title/license..

If you get a $500 over deal, but then let them jack up the money factor, you are giving back $1000..

regards,
kyfdx

May I ask what calculation or method did you use to obtain these numbers?

I would like to know! thanks.

kyfdx
03-18-2005, 06:43 AM
May I ask what calculation or method did you use to obtain these numbers?

I would like to know! thanks.

I got the lease numbers off of the Ask-A-Dealer section of Bimmerfest...

Lease calculations are fairly simple..

The two main parts of the lease payment are depreciation and finance charge.

MSRP X residual % = Residual

Selling price + Acquisition fee = CAP cost (or "amount financed", if you prefer)

CAP cost - residual = depreciation

Depreciation/term of lease = Depreciaton portion of monthly payment

(Cap cost + depreciation) X money factor = monthly finance charge.

Depreciation portion of monthly payment + monthly finance charge = monthly payment.

It is actually simpler than it looks here.. I have a spreadsheet set-up, so all I have to do is plug in five numbers: MSRP, Cap cost, Residual percentage, Money factor, Length of lease.

regards,
kyfdx