Decent deal or rip off?

kcheung · 08-14-2005, 02:38 AM

I visited one of the dealerships in San Francisco Bay Area today and was given an offer for the following config:

330i/Arctic/Automatic/Premium Pkg/Nav

Since the dealership does not have it, he has to get it for me from out-of-state. MSRP is $42,945, and his initial offer to sell is $1000 off MSRP.

For a $4500 total out the door down payment, he has estimated the following options:

Lease: 36 months, 12K miles - $600 + tax

Buy: 60 months - $817/month

Is this a decent deal or do you think it's a total rip off?

Thanks in advance.

K

Squawks · 08-14-2005, 02:49 AM

You can find a better deal. Use the calculator on the stickies thread.

For your specifications, you should be hitting $1500 over invoice, which would be $40,175, before taxes. After taxes and all fees, you should be paying $44,052.

kcheung · 08-14-2005, 03:12 AM

Squawks, thanks for the tip. It's a helpful calculator.

BTW, I have also checked the finance rate on bmwusa.com, and under the lease option with the same config and terms, the monthly is calculated as only $537/month! How accurate is the one on BMW's site anyway?

Thanks.

K

Squawks · 08-14-2005, 03:20 AM

Those finance calculators are obviously pretty accurate but you gotta make sure you're qualified for whatever rates you're basing your calculations off of.

kcheung · 08-14-2005, 03:38 AM

I understand that for the buy/finance option. But what about the lease option? Under that category there are only 2 entries to key in: term and annual mileage. So I am just curious that as far as lease is concern, if the BMW lease calculator is accurate or not, or does the lease option vary from one dealership to another...

K

fatass · 08-14-2005, 03:52 AM

Shop around, you should be getting quotes of no MORE than $1k over invoice. Best I've been able to do is $750 in the Bay Area...

CALIF65GM · 08-14-2005, 09:58 PM

Quote:

Originally Posted by kcheung

I understand that for the buy/finance option. But what about the lease option? Under that category there are only 2 entries to key in: term and annual mileage. So I am just curious that as far as lease is concern, if the BMW lease calculator is accurate or not, or does the lease option vary from one dealership to another...

K

The lease rates (MF) on bmwusa.com are the base rates. The dealers will typically mark it up for additional profit.

itznin · 08-15-2005, 01:47 PM

Quote:

Originally Posted by CALIF65GM

The lease rates (MF) on bmwusa.com are the base rates. The dealers will typically mark it up for additional profit.

This is exactly why the above rates are higher....

100% inflated! :mad:

obLu · 08-15-2005, 01:50 PM

Rip off .... cause it doesn't have sport package

kcheung · 08-15-2005, 06:40 PM

OK. So I got the clarification that this price includes all the fees. I am still waiting on him to tell me if this includes tax as well. In the mean time I am trying to figure out now how much over invoice he is asking for. So beyond the sell price, what other fees are there and how much is each fee? I know there are:

- destination fee and handling: $695?
- MACO - roughly what's the percentage for the bay area?
- title? how much roughly?
- any other ones I am missing?

Also, he claims that if it were a car he has in stock (mostly 325i's), he will have no problem giving me $750-$1000 over invoice. But since he needs to get it from out of state, it needs to be a bit higher... still bull?

Thanks.

K

Squawks · 08-15-2005, 06:45 PM

He just wants to make a sale ASAP. The only thing he sacrifices by placing a custom order is the waiting period.

kcheung · 08-15-2005, 09:05 PM

OK. So the selling price ($41,945) includes all fees except tax and license. How I can figure out how much license will cost me? Also, now I really need to know what all the included fees are (Destination fee: $695, MACO: ~2%?, what else?) so that I can figure out how much over invoice I am getting.

So I am correct with the above fees, then:

Net = $41,945 - $39,000 (invoice price) = $2,945
Destination fee = $695
MACO = estimate to be 2% of invoice = $780

Therefore, net profit = $2945 - $695 - $780 = $1,470 over invoice

Does it sound more reasonable? If I pass on this, the next shipment of my desired configuration will be beyond 9/1, which will then see the price increase. So just want to know if this still sounds reasonable...

K

blueStreak · 08-16-2005, 12:12 AM

If you are going to lease, I'd suggest putting nothing down and checking with leasecompare. The quote I got was about $100 a month cheaper than BMWFS.

liverpoolfc · 08-16-2005, 02:35 PM

Goto www.cars.com and configure your car. add $800-1000 to the final envoice price.

Thanks,
LiverpoolFC
YNWA

08-14-2005, 02:38 AM	#1
kcheung New Member 1 Rep 19 Posts Drives: E46 328i, E90 330i, E60 535i Join Date: May 2005 Location: CA iTrader: (0)	Decent deal or rip off? I visited one of the dealerships in San Francisco Bay Area today and was given an offer for the following config: 330i/Arctic/Automatic/Premium Pkg/Nav Since the dealership does not have it, he has to get it for me from out-of-state. MSRP is $42,945, and his initial offer to sell is $1000 off MSRP. For a $4500 total out the door down payment, he has estimated the following options: Lease: 36 months, 12K miles - $600 + tax Buy: 60 months - $817/month Is this a decent deal or do you think it's a total rip off? Thanks in advance. K
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08-14-2005, 02:49 AM	#2
Squawks One of my two dachshunds: 53 Rep 663 Posts Drives: B6 A4 3.0 Quattro Join Date: Aug 2005 Location: Ithaca, NY iTrader: (0)	You can find a better deal. Use the calculator on the stickies thread. For your specifications, you should be hitting $1500 over invoice, which would be $40,175, before taxes. After taxes and all fees, you should be paying $44,052.
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08-14-2005, 03:12 AM	#3
kcheung New Member 1 Rep 19 Posts Drives: E46 328i, E90 330i, E60 535i Join Date: May 2005 Location: CA iTrader: (0)	Squawks, thanks for the tip. It's a helpful calculator. BTW, I have also checked the finance rate on bmwusa.com, and under the lease option with the same config and terms, the monthly is calculated as only $537/month! How accurate is the one on BMW's site anyway? Thanks. K
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08-14-2005, 03:20 AM	#4
Squawks One of my two dachshunds: 53 Rep 663 Posts Drives: B6 A4 3.0 Quattro Join Date: Aug 2005 Location: Ithaca, NY iTrader: (0)	Those finance calculators are obviously pretty accurate but you gotta make sure you're qualified for whatever rates you're basing your calculations off of.
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08-14-2005, 03:38 AM	#5
kcheung New Member 1 Rep 19 Posts Drives: E46 328i, E90 330i, E60 535i Join Date: May 2005 Location: CA iTrader: (0)	I understand that for the buy/finance option. But what about the lease option? Under that category there are only 2 entries to key in: term and annual mileage. So I am just curious that as far as lease is concern, if the BMW lease calculator is accurate or not, or does the lease option vary from one dealership to another... K
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08-14-2005, 03:52 AM	#6
fatass Second Lieutenant 7 Rep 251 Posts Drives: none Join Date: Jul 2005 Location: bay area iTrader: (2)	Shop around, you should be getting quotes of no MORE than $1k over invoice. Best I've been able to do is $750 in the Bay Area...
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08-15-2005, 01:50 PM	#9
obLu Major 50 Rep 1,159 Posts Drives: 330i 6MT ZSP Join Date: Jun 2005 Location: Kirkland, WA, USA iTrader: (1)	Rip off .... cause it doesn't have sport package
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08-15-2005, 06:40 PM	#10
kcheung New Member 1 Rep 19 Posts Drives: E46 328i, E90 330i, E60 535i Join Date: May 2005 Location: CA iTrader: (0)	OK. So I got the clarification that this price includes all the fees. I am still waiting on him to tell me if this includes tax as well. In the mean time I am trying to figure out now how much over invoice he is asking for. So beyond the sell price, what other fees are there and how much is each fee? I know there are: - destination fee and handling: $695? - MACO - roughly what's the percentage for the bay area? - title? how much roughly? - any other ones I am missing? Also, he claims that if it were a car he has in stock (mostly 325i's), he will have no problem giving me $750-$1000 over invoice. But since he needs to get it from out of state, it needs to be a bit higher... still bull? Thanks. K
	Appreciate 0 Quote

08-15-2005, 06:45 PM	#11
Squawks One of my two dachshunds: 53 Rep 663 Posts Drives: B6 A4 3.0 Quattro Join Date: Aug 2005 Location: Ithaca, NY iTrader: (0)	He just wants to make a sale ASAP. The only thing he sacrifices by placing a custom order is the waiting period.
	Appreciate 0 Quote

08-15-2005, 09:05 PM	#12
kcheung New Member 1 Rep 19 Posts Drives: E46 328i, E90 330i, E60 535i Join Date: May 2005 Location: CA iTrader: (0)	OK. So the selling price ($41,945) includes all fees except tax and license. How I can figure out how much license will cost me? Also, now I really need to know what all the included fees are (Destination fee: $695, MACO: ~2%?, what else?) so that I can figure out how much over invoice I am getting. So I am correct with the above fees, then: Net = $41,945 - $39,000 (invoice price) = $2,945 Destination fee = $695 MACO = estimate to be 2% of invoice = $780 Therefore, net profit = $2945 - $695 - $780 = $1,470 over invoice Does it sound more reasonable? If I pass on this, the next shipment of my desired configuration will be beyond 9/1, which will then see the price increase. So just want to know if this still sounds reasonable... K
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08-16-2005, 12:12 AM	#13
blueStreak Private First Class 1 Rep 120 Posts Drives: 550i Join Date: Jul 2005 Location: USA iTrader: (1)	If you are going to lease, I'd suggest putting nothing down and checking with leasecompare. The quote I got was about $100 a month cheaper than BMWFS.
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08-16-2005, 02:35 PM	#14
liverpoolfc Brigadier General 31 Rep 174 Posts Drives: 06 330i Join Date: Aug 2005 Location: Arlington, Virginia iTrader: (0)	Goto www.cars.com and configure your car. add $800-1000 to the final envoice price. Thanks, LiverpoolFC YNWA
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