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F10 / F11 (2011 - Current)
The new chapter in the highly successful story of the BMW 5 Series Sedan (F10) and wagon (F11)

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  #1  
Old 12-08-2012, 03:18 PM
wesleyan92 wesleyan92 is offline
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Location: Allen TX
 
Join Date: Mar 2008
Posts: 469
Mein Auto: 2014 535i
The power of knowledge

This board has been such a wealth of knowledge for novices like me. I still remember leasing my first Infiniti in 2004 and letting the dealer take me by the leash I like to call "monthly payments"!

A good friend of mine finally decided to fulfill his 10 year obsession and get a BMW this week. Of course, knowing I am OCD about all the nuances and intricacies of leasing he called me. My advise was:

- Find the car you like
- Negotiate off invoice price (93% of MSRP to get ballpark)
- Gave him the December MF - told him no markups
- Gave him the residual
- Told him to look out for exorbitant document fees and acquisition fee markup
- Told him not to freak out about MACO
- Told him all about MSD
- Told him not to make any down payments

He walked into an East coast dealership today, finds the car of his dreams. The CA of course starts negotiating off monthly payments. My friend called me at least 10 times over the next two hours to nail the deal down. He got a very fair deal without screwing the dealer (700 over invoice). At the end of the day, he drove out of the dealership in a 2013 535X with a big smile on his face.

Bottom line: I want to thank all the members and sponsors on this forum for making our community so awesome!
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Current: 2012 535|| Titanium Silver, Black interior, M-sport, Premium, SAT, Nav, Apps

Retired: 2010 535|| White, Natural Brown interior, Sports, SAT, iPOD, Rear airbags

Retired - 2008 528 - Premium, iPod, Cold Weather, Titanium with black interior

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  #2  
Old 12-08-2012, 04:38 PM
5Xwen 5Xwen is offline
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Location: New England
 
Join Date: Jun 2005
Posts: 246
Mein Auto: 2005 X5
Quote:
Originally Posted by wesleyan92 View Post
My friend called me at least 10 times over the next two hours to nail the deal down.
You sound like me. I show up at the dealer with a financial calculator and spreadsheets.

Good to see that your friend got a good deal on the car of his dreams.
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  #3  
Old 12-08-2012, 05:23 PM
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DJHomie DJHomie is offline
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Location: Long Island, NY
 
Join Date: Nov 2012
Posts: 230
Mein Auto: 2013 535Xi M Sport
Good job bro... What is your # again?? JK.
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  #4  
Old 12-08-2012, 06:24 PM
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Needsdecaf Needsdecaf is offline
Everything's Bigger in TX
Location: The Woodlands, TX
 
Join Date: Sep 2006
Posts: 7,106
Mein Auto: 2007 MDX
Good job.

One thing....you don't have to estimate the invoice. It's on BMWCONFIG.
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Hell is where the police are German, the cooks are English, the cars are French, the lovers are Swiss, and it is all organised by the Italians
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