New Purchase Advice Needed (545i)
08-22-2005, 10:04 AM
#11
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Originally Posted by qtrII6' date='Aug 22 2005, 10:53 AM
opps forgot to mention i put only 3k down
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What broker did you use? Feel free to PM me if you don't want to post it. I'm surprised a broker could get better than factory rates when the factory rates are SO low
08-22-2005, 10:09 AM
#12
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Originally Posted by teutonictrio' date='Aug 22 2005, 01:04 PM
[quote name='qtrII6' date='Aug 22 2005, 10:53 AM']opps forgot to mention i put only 3k down
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What broker did you use? Feel free to PM me if you don't want to post it. I'm surprised a broker could get better than factory rates when the factory rates are SO low
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[/quote]i used a broker out here in california called Dream Cars in glendale, they were awesome, friendly and the guy beat EVERY dealer price i had, for the package i got the cheapest deal i found was 3k down not including drive off fees for 800 a month thats obsured..........and he included drive off fees in the 3k, i recommend everyone go through a broker cuz they do get better deals
08-22-2005, 10:14 AM
#13
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My Ride: 2011 550i M-Sport xDrive
Model Year: 2017
Originally Posted by lonestarstate' date='Aug 21 2005, 12:55 AM
First, let me say that I am a beemer enthusiast. I have owned 3 previous: 1990 7 series; 2001 3 series; and 2003 5 Series (current car). I setout this week to finalize the purchase of a 2006 530i...my plan included writing a check for the entire purchase and being done with the ordeal. Must have equipment: automatic, leather, premium sound, xenon. No sport package.
Visited 3 dealers within a 60-mile radius of my home. All 3 salesman gave me trouble about writing a check for the vehicle versus leasing. Let me just say it took more time during the sales process than I had planned on, and I was surprised by the intimidation I received...even from a salesman I purchased from in the past. All previous purchased beemers were from the same dealer, but with different salesmen.
I decided to shop this time, having conducted a fair amount of research, but did begin to consider the lease option while out today. The problem: 15,000 miles/annually could prove to be difficult. I am in outside sales and miles vary from year to year. I would prefer not to factor in more miles because some years I drive less than 12K.
Here's one deal I encountered and am considering on a 545i:
MSRP = $58,890 USD
2005 545i, Orient Blue/Beige
NO SPORT
Leather, auto, PDC, Xenon -- standard
Premium Sound
Satellite Radio (Sirius)
Destination
Discount by dealer to $53,890.00
3-year lease
No deposit
Residual 0.57
Money Factor 1.55
Term 36 months
Miles/yr 15,000
Tax Rate 6.25
Downpayment $0
Monthly Payment 828.72
--FYI:No Trade-in--
Questions:
1. First, why the pressure to lease rather than an all out purchase?
2. A good deal on the 545i...price and lease details?
3. Do individuals pay cash any more for new vehicles?
Thank you all for your assistance ~ this is my first post and I am glad to be a BMW enthusiast and a member of this forum.
Visited 3 dealers within a 60-mile radius of my home. All 3 salesman gave me trouble about writing a check for the vehicle versus leasing. Let me just say it took more time during the sales process than I had planned on, and I was surprised by the intimidation I received...even from a salesman I purchased from in the past. All previous purchased beemers were from the same dealer, but with different salesmen.
I decided to shop this time, having conducted a fair amount of research, but did begin to consider the lease option while out today. The problem: 15,000 miles/annually could prove to be difficult. I am in outside sales and miles vary from year to year. I would prefer not to factor in more miles because some years I drive less than 12K.
Here's one deal I encountered and am considering on a 545i:
MSRP = $58,890 USD
2005 545i, Orient Blue/Beige
NO SPORT
Leather, auto, PDC, Xenon -- standard
Premium Sound
Satellite Radio (Sirius)
Destination
Discount by dealer to $53,890.00
3-year lease
No deposit
Residual 0.57
Money Factor 1.55
Term 36 months
Miles/yr 15,000
Tax Rate 6.25
Downpayment $0
Monthly Payment 828.72
--FYI:No Trade-in--
Questions:
1. First, why the pressure to lease rather than an all out purchase?
2. A good deal on the 545i...price and lease details?
3. Do individuals pay cash any more for new vehicles?
Thank you all for your assistance ~ this is my first post and I am glad to be a BMW enthusiast and a member of this forum.
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Check it here http://www.leaseguide.com/calc.htm.
08-22-2005, 10:21 AM
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Originally Posted by qtrII6' date='Aug 22 2005, 11:09 AM
[quote name='teutonictrio' date='Aug 22 2005, 01:04 PM'][quote name='qtrII6' date='Aug 22 2005, 10:53 AM']opps forgot to mention i put only 3k down
[snapback]162048[/snapback]
What broker did you use? Feel free to PM me if you don't want to post it. I'm surprised a broker could get better than factory rates when the factory rates are SO low
[snapback]162050[/snapback]
[/quote]i used a broker out here in california called Dream Cars in glendale, they were awesome, friendly and the guy beat EVERY dealer price i had, for the package i got the cheapest deal i found was 3k down not including drive off fees for 800 a month thats obsured..........and he included drive off fees in the 3k, i recommend everyone go through a broker cuz they do get better deals
[snapback]162052[/snapback]
[/quote]I don't see anything online for this company - is it phone only?
08-22-2005, 10:27 AM
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All you need to know about leasing is this: If the salesman wants you to do it then it is absolutely the best thing for them and the worst transaction for you. They are not there to help you. They are there to make money for them and the dealership. If you have a business and can write off the lease then consider it. Otherwise buy the car with the check you have and be done with it. Leasing is rarely the way to go if you drive your cars more than 3 years and it sounds like you will. Tell them when you walk onto the lot that any mention of a lease and you will walk. You want a cash price because you are paying up front for the whole car and negotiate in current dollars since that is what you are giving them.
08-22-2005, 08:40 PM
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My Ride: 2007 BMW 550, Sport, Navi, PS, CWP, Sirius
Originally Posted by silver bullet' date='Aug 22 2005, 01:27 PM
All you need to know about leasing is this:? If the salesman wants you to do it then it is absolutely the best thing for them and the worst transaction for you.? They are not there to help you.? They are there to make money for them and the dealership.? If you have a business and can write off the lease then consider it.? Otherwise buy the car with the check you have and be done with it.? Leasing is rarely the way to go if you drive your cars more than 3 years and it sounds like you will.? Tell them when you walk onto the lot that any mention of a lease and you will walk.? You want a cash price because you are paying up front for the whole car and negotiate in current dollars since that is what you are giving them.
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