Welcome to Bimmerfest -- The #1 Online Community for BMW related information! Please enjoy the discussion forums below and share your experiences with the 200,000 current, new and past BMW owners. The forums are broken out by car model and into other special interest sections such as BMW European Delivery and a special forum to voice your questions to the many BMW dealers on the site to assist our members!

Please follow the links below to help get you started!

Go Back   Bimmerfest - BMW Forums > The Best of Bimmerfest! > Ask-A-Dealer

Ask-A-Dealer
Talk to our team of BMW Client Advisors. Get all of your buying/financing/leasing questions answered here!

Reply
 
Thread Tools Display Modes
  #1  
Old 10-22-2012, 12:36 PM
Fzara2000 Fzara2000 is offline
Twin Turbo Addict
Location: New Jersey
 
Join Date: Jan 2004
Posts: 607
Send a message via AIM to Fzara2000
Mein Auto: E92 335is
How's this 335is deal..?

Was at the dealer this weekend and was able to negotiate and put a $1k deposit down on a brand new 2013 335is coupe.

msrp: $60,745
residual: 62%
mileage: 12k, 36 mos.
MF: 0.00135
payment: $612/mo.

Final negotiated price is $55,492 which includes the $1k credit for the TeamUSA, and the $750 BMW Loyalty (comes off the front-end) which im offsetting with a $750 cap cost reduction..

upfront fees are $1909.00. I'm going to get a break-out of what this consists of later this week.

Because i've got a trade-in, theres a sales tax credit cost saving. They're completely paying off my trade-in, resulting in a wash. Since I made a payment on Saturday, i'll be getting $490 back since the dealer's payoff will exceed my loan balance

What do you think?
__________________
'07 E90 335i Sedan, Monaco Blue w/Tera Leather (Retired)
'13 E92 335is Coupe, Mineral White w/Black Dakota Leather (current)
Reply With Quote
Ads by Google
  #2  
Old 10-22-2012, 01:31 PM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
Officially Welcomed to the 'Fest
Location: Dallas, TX
 
Join Date: Jun 2012
Posts: 1,668
Mein Auto: F10 6MT
DId you look up on BMWconfig.com what the invoice price is for this car? Go ahead and post details. Most folks look at deals at how much over invoice, although since this is the last model year before a complete redesign I would believe incentives should be pretty good. Also keep in mind you will have access to new year end incentives in Nov and Dec.
__________________
2013 535i Space Grey, Biege, M-SPort, Premium, Tech, Cold Weather, Luxury Seating, PDC, 6MT ED-10/11/2012 - PCD Redelivery-12/14/12
Reply With Quote
  #3  
Old 10-22-2012, 01:38 PM
Fzara2000 Fzara2000 is offline
Twin Turbo Addict
Location: New Jersey
 
Join Date: Jan 2004
Posts: 607
Send a message via AIM to Fzara2000
Mein Auto: E92 335is
I have the invoice price at home using tru car, but i can't access it from work.. However, I think it's at $300 over invoice.

While I may have new incentives available, I don't want to take a gamble and lose my $1k Drive for Team USA discount..
__________________
'07 E90 335i Sedan, Monaco Blue w/Tera Leather (Retired)
'13 E92 335is Coupe, Mineral White w/Black Dakota Leather (current)
Reply With Quote
  #4  
Old 10-22-2012, 01:48 PM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
Officially Welcomed to the 'Fest
Location: Dallas, TX
 
Join Date: Jun 2012
Posts: 1,668
Mein Auto: F10 6MT
Seems like invoice is around 56K and minus the incentives $1000 + $750 +$750 cap reduction should be around 53.5 + profit. DId you already get the car?
__________________
2013 535i Space Grey, Biege, M-SPort, Premium, Tech, Cold Weather, Luxury Seating, PDC, 6MT ED-10/11/2012 - PCD Redelivery-12/14/12
Reply With Quote
  #5  
Old 10-22-2012, 08:51 PM
jagu's Avatar
jagu jagu is offline
Officially Welcomed to the 'Fest
Location: Atlanta
 
Join Date: Nov 2006
Posts: 2,595
Mein Auto: 2013 535i M-Sport
Quote:
Originally Posted by Fzara2000 View Post
I have the invoice price at home using tru car, but i can't access it from work.. However, I think it's at $300 over invoice.

While I may have new incentives available, I don't want to take a gamble and lose my $1k Drive for Team USA discount..
There will be far better incentives than the $1k drive event discount in December.
__________________

2013 535i M-Sport, Jet Black/Black Nappa Leather-Premium-Technology-Driver's Assistance-Luxury Seat-Soft Close Doors-Premium Sound-Sport Auto Transmission-35% Ceramic Tint.
Reply With Quote
  #6  
Old 10-22-2012, 09:49 PM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
Officially Welcomed to the 'Fest
Location: Dallas, TX
 
Join Date: Jun 2012
Posts: 1,668
Mein Auto: F10 6MT
Quote:
Originally Posted by jagu View Post
There will be far better incentives than the $1k drive event discount in December.
+1 But i think this one of those, here is what I paid... what do you think scenarios...
__________________
2013 535i Space Grey, Biege, M-SPort, Premium, Tech, Cold Weather, Luxury Seating, PDC, 6MT ED-10/11/2012 - PCD Redelivery-12/14/12
Reply With Quote
  #7  
Old 10-23-2012, 09:06 AM
CK530 CK530 is offline
Officially Welcomed to the 'Fest
Location: Monmouth County, NJ
 
Join Date: Nov 2006
Posts: 150
Mein Auto: 2013 550ix MSport
Quote:
Originally Posted by jagu View Post
There will be far better incentives than the $1k drive event discount in December.
Agree, BUT...how about Dec's residual? You think it'll stay @ 62%? Is Fzara2000 willing to take a gamble on the residual?

My wife is in the market for a 2013 X5. Last yr residual on the X5 dropped 2% from Oct 2011 to Nov 2011, but BMW gave you Nav credit of $1730. The $1k USA drive was offset by the $1K loyalty offer. Currently, we have the loyalty & apps credits until end of the year. So, the other new incentives will probably be holiday cash and maybe the MF reduction for BMW lease expiring early next yr?

Fzara2000, don't forget the Ultimate Apps credit - $500. Also, you can lower your monthly payment and save some interest by using MSDs. By the way, thank you for your response.

jagu - I remembered you did your ED on your 2007 530 around the time I did mine. And you replaced it with a Lexus after several yrs . But, I'm glad you came back to BMW.
__________________

2013 550ix M Sport - AW/Black
2013 X5 50i M Sport - Carbon Black/Cinn (Wife)
2010 550i M Sport - AW/Black (Sold)
2007 530i Sport - AW/Auburn ED on 2/19/07 (Retired)
2001 740iL Sport - Anthracite/Beige (Retired)
Reply With Quote
  #8  
Old 10-25-2012, 09:10 AM
Fzara2000 Fzara2000 is offline
Twin Turbo Addict
Location: New Jersey
 
Join Date: Jan 2004
Posts: 607
Send a message via AIM to Fzara2000
Mein Auto: E92 335is
Thanks for the input fellas. The BMW Drive App doesn't apply because i'm not a current BMWFS member, and instead financed my car through a local credit union when I bought it out two years ago.

Last weekend, we signed to make a $1k deposit and created a rough draft of the sales contract with my terms and monthly payment, and selling price, and options of the car that they will try to obtain.

Heres an update: the dealer is stalling and possibly unwilling to make the trade for the new 335is with the dealership that has it. Initially they wanted me to submit a credit app. before they would be willing to talk the dealer to obtain the new car.

Why would I submit a credit app, get approved, and then possibly get the answer that the original dealership with the car is unwilling to make a trade? Then I have a credit inquiry on my report, and if I go to another dealership, further inquiries will reduce my credit score.

Now they're telling me the person who does the dealership-to-dealership trades is in meetings all day and he'll call back later.

Something here is fishy...either they screwed up my lease numbers and are unwilling now to make a deal, or the original dealer is unwilling to trade the car.

Thoughts?
__________________
'07 E90 335i Sedan, Monaco Blue w/Tera Leather (Retired)
'13 E92 335is Coupe, Mineral White w/Black Dakota Leather (current)
Reply With Quote
  #9  
Old 10-25-2012, 09:12 AM
Fzara2000 Fzara2000 is offline
Twin Turbo Addict
Location: New Jersey
 
Join Date: Jan 2004
Posts: 607
Send a message via AIM to Fzara2000
Mein Auto: E92 335is
Quote:
Originally Posted by CK530 View Post
Fzara2000, don't forget the Ultimate Apps credit - $500. Also, you can lower your monthly payment and save some interest by using MSDs. By the way, thank you for your response.
Anytime, but the dealer whose name I gave you is the one whose pulling these shenanigans on me..just be careful
__________________
'07 E90 335i Sedan, Monaco Blue w/Tera Leather (Retired)
'13 E92 335is Coupe, Mineral White w/Black Dakota Leather (current)
Reply With Quote
  #10  
Old 10-25-2012, 09:54 AM
Orient330iNYC's Avatar
Orient330iNYC Orient330iNYC is online now
Flying monkey herder
Location: Wall St
 
Join Date: Jul 2002
Posts: 7,056
Mein Auto: Daihatsu Terrios
if you already get approved by bmwfs, i dont believe they pull your credit again.
i suspect they want to make sure they can fund the deal before trying to get the car from the other dealer...
__________________
Past: 2001 330i ZSP/ZPP/Step
Past: 2004 S60R 6MT Sport
Past: 2007 335i 6MT ZSP/ZCW/322/655
Past: 2010 335xi ZMP/ZCW/ZPP/PPK/PE
Present: 2013 335i 6MT ZMM/ZDH/ZTP/3AG/494/508
Current Homeland Threat Level:
Reply With Quote
  #11  
Old 10-25-2012, 01:50 PM
Fzara2000 Fzara2000 is offline
Twin Turbo Addict
Location: New Jersey
 
Join Date: Jan 2004
Posts: 607
Send a message via AIM to Fzara2000
Mein Auto: E92 335is
Quote:
Originally Posted by Orient330iNYC View Post
if you already get approved by bmwfs, i dont believe they pull your credit again.
i suspect they want to make sure they can fund the deal before trying to get the car from the other dealer...

Thats what I thought as well, but the below thread disproves that..

"The purpose of the lock is to give that Center 1st dibs at your business, every center you go to will have to run your credit through BMW FS to get funded. Always better to shop the store you like 1st then do the deal."

http://www.bimmerfest.com/forums/sho...ght=run+credit
__________________
'07 E90 335i Sedan, Monaco Blue w/Tera Leather (Retired)
'13 E92 335is Coupe, Mineral White w/Black Dakota Leather (current)
Reply With Quote
  #12  
Old 10-25-2012, 02:47 PM
Orient330iNYC's Avatar
Orient330iNYC Orient330iNYC is online now
Flying monkey herder
Location: Wall St
 
Join Date: Jul 2002
Posts: 7,056
Mein Auto: Daihatsu Terrios
Quote:
Originally Posted by Fzara2000 View Post
Thats what I thought as well, but the below thread disproves that..

"The purpose of the lock is to give that Center 1st dibs at your business, every center you go to will have to run your credit through BMW FS to get funded. Always better to shop the store you like 1st then do the deal."

http://www.bimmerfest.com/forums/sho...ght=run+credit
hmmm... is there anything stopping you from going direct to the dealer that has the car?

i have a feeling they want to lock you in before they do the trade, to make sure you dont back out. do you have all the terms of the deal in writing?

if they wanted to blow off the deal, they could just tell you that the car was sold.

a few related pulls in a short period of time wont hurt your score that much-- the system recognizes that someone shopping for a car/home/etc will have multiple pulls for the same thing within a short period of time.
__________________
Past: 2001 330i ZSP/ZPP/Step
Past: 2004 S60R 6MT Sport
Past: 2007 335i 6MT ZSP/ZCW/322/655
Past: 2010 335xi ZMP/ZCW/ZPP/PPK/PE
Present: 2013 335i 6MT ZMM/ZDH/ZTP/3AG/494/508
Current Homeland Threat Level:
Reply With Quote
  #13  
Old 10-25-2012, 04:33 PM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
Officially Welcomed to the 'Fest
Location: Dallas, TX
 
Join Date: Jun 2012
Posts: 1,668
Mein Auto: F10 6MT
Quote:
Originally Posted by Fzara2000 View Post

Why would I submit a credit app, get approved, and then possibly get the answer that the original dealership with the car is unwilling to make a trade? Then I have a credit inquiry on my report, and if I go to another dealership, further inquiries will reduce my credit score.


Thoughts?
My understanding is if you complete the application online (you select a particular dealer) but you are provided a reference number. I gave that to other dealers while i was shopping and it sufficed.
__________________
2013 535i Space Grey, Biege, M-SPort, Premium, Tech, Cold Weather, Luxury Seating, PDC, 6MT ED-10/11/2012 - PCD Redelivery-12/14/12
Reply With Quote
  #14  
Old 10-25-2012, 09:01 PM
Fzara2000 Fzara2000 is offline
Twin Turbo Addict
Location: New Jersey
 
Join Date: Jan 2004
Posts: 607
Send a message via AIM to Fzara2000
Mein Auto: E92 335is
Update: they called us back and told us that they are having problems because there's a buyer for that car already at the dealership that currently has the car.. Legitimate. I left him a voicemail and told him id consider similar configurations as long as the car isn't black (bad omen in our family).

We haven't come to the dealership that has has the car because we came in using trucar.com which offered invoice pricing. Since I've got a trade in I didn't want to drive around everywhere..
__________________
'07 E90 335i Sedan, Monaco Blue w/Tera Leather (Retired)
'13 E92 335is Coupe, Mineral White w/Black Dakota Leather (current)
Reply With Quote
Reply

Bookmarks


Forum Navigation
Go Back   Bimmerfest - BMW Forums > The Best of Bimmerfest! > Ask-A-Dealer
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



Forum Jump


All times are GMT -7. The time now is 03:57 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
© 2001-2011 performanceIX, Inc. All Rights Reserved .: guidelines .:. privacy .:. terms