[SHOWTIME]

Just wondering if I got a good deal on this order/lease.

2011 335i M Sport Coupe Auto
36/12,000
$53,825 Total MSRP as Equipped
$917.88 Drive off
$175.00 Plates
$642.88 Monthly Payment + Tax Included @ 7.375%

The selling price was lowered to $48,400.00. What do you guys think?

[PaulBailey@ltbmw]

You got a very good deal

[hipnotic]

not bad do you have details of what packages you bought with the car?

[shockin330i]

7% interest?!?! how many months?

[SHOWTIME]

Originally Posted by josh06lau

not bad do you have details of what packages you bought with the car?

Alpine White
Coral Red
Bamboo Anthracite
Automatic
M Sport Package
Navigation
Harmon Kardon
Heated Seats
Ipod Connection

[SHOWTIME]

Originally Posted by shockin330i

7% interest?!?! how many months?

Not interest. That is tax of sale price where I live. 36 months

[Legion5]

Here's some financial advice. Buying a new car is never a good deal, even if you get an amazing base price and rate. The car you bought depreciates $10,000 in the first year, you should have done the following: Bought it 1 year used for $38,000. Done a low interest 72 month loan for ~$600 a month. Sold it private party after 3 years, and paid off your loan. Finally, enjoyed your the ~$7,000 profit from paying off your loan and ~$2,000 in saved payments.

So compared to a simple alternative of buying 1 year used, you threw 9 grand out the window, even though you got a great deal. The alternative would have no downsides in any measurable or conceivable way either.


Hope you enjoy the car either way.

[SHOWTIME]

Originally Posted by Legion5

Here's some financial advice. Buying a new car is never a good deal, even if you get an amazing base price and rate. The car you bought depreciates $10,000 in the first year, you should have done the following: Bought it 1 year used for $38,000. Done a low interest 72 month loan for ~$600 a month. Sold it private party after 3 years, and paid off your loan. Enjoyed your the ~$7,000 profit from paying off your loan and ~$2,000 in saved payments.

So long story short you threw 9 grand out the window compared to buying 1 year used. The alternative would have no downsides in any measurable or conceivable way either.

You actually could have gotten an M3 for what you're paying if you look at it another way.

I didn't buy it. I leased it.

But yes, I agree that you get more for your money buying a used car.

[shockin330i]

Originally Posted by Legion5

Here's some financial advice. Buying a new car is never a good deal, even if you get an amazing base price and rate. The car you bought depreciates $10,000 in the first year, you should have done the following: Bought it 1 year used for $38,000. Done a low interest 72 month loan for ~$600 a month. Sold it private party after 3 years, and paid off your loan. Finally, enjoyed your the ~$7,000 profit from paying off your loan and ~$2,000 in saved payments.

So compared to a simple alternative of buying 1 year used, you threw 9 grand out the window, even though you got a great deal. The alternative would have no downsides in any measurable or conceivable way either.


Hope you enjoy the car either way.

Thats fine and dandy if you like buying used cars...

[E46toE90]

shit i never bought a new bmw so idk

but damnn 50 !

[John 070]

I don't know the terms, but $642 a mo. for a 3 series? Just doesn't seem to pass the common sense test. After all, it's a 3 Series.

[khaye1]

Originally Posted by Legion5

Here's some financial advice. Buying a new car is never a good deal, even if you get an amazing base price and rate. The car you bought depreciates $10,000 in the first year, you should have done the following: Bought it 1 year used for $38,000. Done a low interest 72 month loan for ~$600 a month. Sold it private party after 3 years, and paid off your loan. Finally, enjoyed your the ~$7,000 profit from paying off your loan and ~$2,000 in saved payments.

So compared to a simple alternative of buying 1 year used, you threw 9 grand out the window, even though you got a great deal. The alternative would have no downsides in any measurable or conceivable way either.


Hope you enjoy the car either way.

makes a lot of sense...but the smell of a new car is just so irresistible

[ChasVS]

Originally Posted by Legion5

Here's some financial advice. Buying a new car is never a good deal, even if you get an amazing base price and rate. The car you bought depreciates $10,000 in the first year, you should have done the following: Bought it 1 year used for $38,000. Done a low interest 72 month loan for ~$600 a month. Sold it private party after 3 years, and paid off your loan. Finally, enjoyed your the ~$7,000 profit from paying off your loan and ~$2,000 in saved payments.

So compared to a simple alternative of buying 1 year used, you threw 9 grand out the window, even though you got a great deal. The alternative would have no downsides in any measurable or conceivable way either.


Hope you enjoy the car either way.

A $53,000 car used for $38,000 after 1 year? On what fking planet do you live? It'll be nearly $38,00 after 3 year.

[InsanePineapple]

Originally Posted by ChasVS

A $53,000 car used for $38,000 after 1 year? On what fking planet do you live? It'll be nearly $38,00 after 3 year.

38K is closer to 2 yrs I think. 36 month lease residual for a 335i is currently 58%, so just over 30K for a 53K. But that's dealer wholesale, so tack on a bit more for retail.

[SHOWTIME]

Originally Posted by John 070

I don't know the terms, but $642 a mo. for a 3 series? Just doesn't seem to pass the common sense test. After all, it's a 3 Series.

lol what did you think it would be with so little down? G37s are in the 500s and Acuras in the 400s. If 3 series were in their price range, these cars would become extinct.

Besides, of all beemers, 3 series are most fun to drive according to reviewers

[SHOWTIME]

Originally Posted by khaye1

makes a lot of sense...but the smell of a new car is just so irresistible

Once you go new it's hard to go used.

[lawl2ez]

good deal

48k is probably pretty close to invoice

[M340i Pride]

Originally Posted by SHOWTIME

Just wondering if I got a good deal on this order/lease.

2011 335i M Sport Coupe Auto
36/12,000
$53,825 Total MSRP as Equipped
$917.88 Drive off
$175.00 Plates
$642.88 Monthly Payment + Tax Included @ 7.375%

The selling price was lowered to $48,400.00. What do you guys think?

I believe you got a good deal. some of those leases with your car's spec would have run over 700's.

however, I would consider a CPO for less than 30k nowadays... you would pay a bit less than that for 5 years, but sell it in three or so and make some money off of it...

[SHOWTIME]

Originally Posted by bmwpride335i

I believe you got a good deal. some of those leases with your car's spec would have run over 700's.

however, I would consider a CPO for less than 30k nowadays... you would pay a bit less than that for 5 years, but sell it in three or so and make some money off of it...

That is true but unfortunately I can't help not want the most updated look even if it's just a facelift.

[Legion5]

Originally Posted by ChasVS

A $53,000 car used for $38,000 after 1 year? On what fking planet do you live? It'll be nearly $38,00 after 3 year.

Lol. Actually cars lose 45% of their value in the first 3 years, that's considered "average" depretiation by everyone in the world. I actually looked at the depretiation info specific to the car and a ~$40,000+ base 3 series coupe loses about 10k in the first year and 4k each year thereafter.

I also just built a car on BMWUSA.com and kbb.com, a 54k msrp 335i depretiates to 40k in 12 months and 12,000 miles. Try it yourself.

Originally Posted by morfinx

38K is closer to 2 yrs I think. 36 month lease residual for a 335i is currently 58%, so just over 30K for a 53K. But that's dealer wholesale, so tack on a bit more for retail.

53k to 38k would probably be 15 months, it's on the low side because in his case he has $9k of option which don't hold their value as well as the car itself. For an MSRP of 49k the 1st year residual is around 38k 2nd year is 34k, 3rd year is 30k and 4th year is 26k. These numbers are all ball park figures though.

[John 070]

Originally Posted by SHOWTIME

lol what did you think it would be with so little down? G37s are in the 500s and Acuras in the 400s. If 3 series were in their price range, these cars would become extinct.

Besides, of all beemers, 3 series are most fun to drive according to reviewers

No clue, but it doesn't make sense to me if the avg. 3 owner making 140k per year would put nothing down on any car, or pay $642/mo. for a car like a 3 series. I remember some guy on cnnfn.com talking about his bankruptcy saying his Acura MDX was $749/mo. The $642/mo. on a 3 struck me the same way, out of whack.

[InsanePineapple]

Originally Posted by John 070

No clue, but it doesn't make sense to me if the avg. 3 owner making 140k per year would put nothing down on any car, or pay $642/mo. for a car like a 3 series. I remember some guy on cnnfn.com talking about his bankruptcy saying his Acura MDX was $749/mo. The $642/mo. on a 3 struck me the same way, out of whack.

It's a lease though, so no point putting money down on it.