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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > General E90 Sedan / E91 Wagon / E92 Coupe / E93 Cabrio > How's this deal? (CANADIAN)



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      08-15-2005, 12:09 PM   #1
alex_alex
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How's this deal? (CANADIAN)

So what do you think of this Canadian price, here's the order...

Black Shaphire (Metalic Paint)
Sports Pack
Premium Pack
AutoStep
Rear Spoiler (no resididual - adds about $17/month to the payment)
$4000 up front (first, last, security, pdi/freight, admin)
$949/mnth taxes in, 36mnths. Sound about right?

Alex.
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      08-15-2005, 03:38 PM   #2
JVFan
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Not sure ....but for comparison...I'm buying at 72 months:

330i
Sports Pack
SG
Aluminum Pedals

890/month total
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      08-15-2005, 05:57 PM   #3
JonnyCrash
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Quote:
Originally Posted by alex_alex
So what do you think of this Canadian price, here's the order...

Black Shaphire (Metalic Paint)
Sports Pack
Premium Pack
AutoStep
Rear Spoiler (no resididual - adds about $17/month to the payment)
$4000 up front (first, last, security, pdi/freight, admin)
$949/mnth taxes in, 36mnths. Sound about right?

Alex.
The first way to tell you're getting screwed: you need a calculator to decipher the deal. Find out the actual price of the car, and THEN determine payments. Otherwise you'll never know.

Some questions that need answering:
1. What model is this? 325 or 330?
2. What is the buyout at the end of the lease?

After the 36 months, you are into this car for $38,146. MSRP on a 325 with those options is $49,200. MSRP on a 330 with those options is $56,700. With Ontario taxes, that brings it to $56,580 or $65,205. You are therefore into this car, for 3 years of ownership, for either 67% (325) or 59% (330) of the full MSRP + tax price.

Feel free to draw your own conclusions.

My advice: Get the price of the car in writing. Negotiate on that; some people are starting to get real money off MSRP. Then find the best car loan you can, and go that way. Barring that, negotiate your best price, and then go with BMW's lease rate.

Last edited by JonnyCrash; 08-15-2005 at 06:36 PM..
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      08-15-2005, 06:23 PM   #4
NaTuReB0Y
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For comparison.....

330i Sports Package w/ auto

$7,500 down......$680 per month for 5 years

*My bad...Canadien money is different....
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      08-15-2005, 06:37 PM   #5
JonnyCrash
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Quote:
Originally Posted by NaTuReB0Y
For comparison.....

330i Sports Package w/ auto

$7,500 down......$680 per month for 5 years

*My bad...Canadien money is different....
Damn I hope that's a finance and not a lease...
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      08-15-2005, 07:07 PM   #6
NaTuReB0Y
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Quote:
Originally Posted by Mr.Abulia
Damn I hope that's a finance and not a lease...
It's finance....I never do lease........
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      08-16-2005, 06:58 AM   #7
llaroo
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Don't lease through BMW! - you get shafted! I leased through cars4u.com and got a much better deal, email me for details
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      08-16-2005, 07:47 AM   #8
swu
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alex alex, which dealer did you go? I couldn't order the rear spoiler in Toronto.
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      08-16-2005, 09:27 AM   #9
alex_alex
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Rear spoiler & CF trim can be found at Mississauga BMW (and I'm sure their sister dealership Marenello).

Don't have the paperwork handy on the lease, but I know that it was based on a reduction of $1650 off MSRP. As per norm with a new model entry, the residuals are silly high (61%) but the intrest rate is also high to compensate (6.49%, which is .05% off as a preferred BMW client).

With 3rd party agents like cars4u.com, they may offer up a better interest rate, but won't be able to touch the residual, unless you guarantee it - which isn't going to happen (this car isn't going to be worth 61% of the MSRP 36 months from now). Additionally, with 3rd party agents they will bury admin fees within, where your effective interest rate therefore becomes higher than BMW's. However, I did call them and suggested they should get back to me if they can find a way to organize a walk-away lease for less than $925/month taxes in, no down payment. Has anyone been able to do that on a 330i, sports pack, premium pack, A/T, metalic paint.

Alex.
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      08-16-2005, 10:24 AM   #10
swu
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How much is the rear spoiler in CDN?
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      08-16-2005, 10:26 AM   #11
alex_alex
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Quote:
Originally Posted by swu
How much is the rear spoiler in CDN?
$550 CDN
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