01-22-2014, 08:55 PM | #23 |
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I know perfectly well how leases work, that's why I said that all the fees you mentioned do not and cannot amount to 4K.
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01-22-2014, 09:55 PM | #24 |
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01-22-2014, 09:57 PM | #25 |
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01-23-2014, 06:24 AM | #26 |
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I am a dealer. David is our sales rep. We have sponsored this forum since 2009 hooking up members with great deals and service. I posted to offer any help or guidance on deals by emailing your questions or deals to David. David sets his own pricing, we give him free run of his department.
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BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties! |
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01-23-2014, 12:40 PM | #27 |
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GOLFFRR, I'll PM you regarding this.
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01-23-2014, 12:53 PM | #28 |
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of course. Anytime just shoot me a pm.
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BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties! |
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01-23-2014, 01:18 PM | #29 |
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I just ordered mine last week. Build scheduled for week 9.
2014 X5 xDrive35i - $55,100 M Sport - $4,600 Carbon Black Metallic - $550 Mocha Dakota Leather - $0 Poplar Wood Trim - $0 Cold Weather Package - $550 Driver Assistance Plus - $1,900 Driver Assistance Package - $1,400 ACC Stop & Go + Active Driving Assistant - $1,200 Premium Package - $2,700 Rear manual side window shades - $250 Adaptive M Suspension - $900 Destination & Handling - $925 Total MSRP as Built $70,075 Invoice price - $64,960 Selling price - $65,460 (invoice + $1,000 less $500 drive credit) Lease with $0 down came out to something like $775 with base money factor. |
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01-23-2014, 01:54 PM | #31 | |
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01-28-2014, 08:47 AM | #33 | |
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Also how long are you guys waiting for the X5 from the point of placing your order? Been browsing the forums and seems like it takes longer to get the X5 which is built in the US than it does if you ordered a car from Germany. Alan
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01-28-2014, 07:53 PM | #34 |
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01-28-2014, 08:35 PM | #35 | |
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4k includes sales tax, bank fee, first month, reg/dmv - its a simple.. not sure what you are so confused about?? |
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01-28-2014, 10:03 PM | #36 |
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Should I be leasing?
My intention is not to start a big philosophical debate about leasing vs buying outright. I am just curious as to the thought process that one makes to justify a $700-$900 lease payment. I am an engineer and I make good money but I am still astonished by the number of folks that (1) pay such a high monthly less payment (2) pay 30k+ over the life of their lease only to return their keys after 3 years. I have about a 50k investment in my current X5 which I purchased new in 2003. I was planning to mostly pay cash for a new F15 this year. Am I going about this all wrong? I don't think I could sleep at night if I had a $900 car payment. Perhaps you folks are filthy rich. Please educate me.
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01-28-2014, 11:47 PM | #37 |
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I lease because I want a new car every few years. I do not want to own one of these cars once its past the 4 year 50,000 mile warranty. And the icing on the cake with a BMW is that all service is included.
I just drive the car for 3 years and put gas in it. When I am done I hand the old keys to the dealer and drive off in the new car. |
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01-29-2014, 08:39 AM | #38 |
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You need to do the math to understand why lease works for some and not for others. Everyone situation is different. With a lease you aren't giving up your "equity" until you decide to return the car at the end. You do have the option to buy it and you just pay off the remaining balance. Those that finance can lose more than 30K of the cars value in 3 years as well.
Whats really the difference between someone who pays 90K cash for a car one shot vs someone who pays 4K but has a $900 monthly payment?
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01-29-2014, 08:51 AM | #39 |
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Do the math, unless you plan on keeping the car for a long time it's a wash between leasing vs buying. If you lease you have a full warranty and have the option of walking away. If you buy the same car, your payment is higher and after four years you have no warranty. Also, try to trade it in and see what "value" the salesman says you have.
In my case, at 15k per year, I pay less per month leasing and have the option to wave bye bye easily at lease end. Buying only benefits you if you are going to keep it for a long time. I've worked buying a new F15 both ways and it's a wash, with the lease benefit allows me to walk away easily. With the buy, I'm at a dealers mercy. |
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01-29-2014, 11:28 AM | #40 | |
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Of course, that depends on the model, current incentives, etc. But from time to time, BMW inflates residuals to move cars, making the 'put' option your long in the lease worth more than the $725-925 you'll pay to lease. If at the end of the lease the car is worth less than the residual (and you want to keep it), you may be able to negotiate a purchase price below the residual, leaving BMW to deal with a bit of depreciation that would have otherwise been yours (had you purchased at the outset). If it's worth more (and you want to keep it), you can purchase at the residual. Further, given the relatively high % of leased BMWs, BMW will often incentivize lease conversion by offering deals on extended maintenance/CPO. Your real question is "why do people acquire cars more frequently than every 10 years?". Who knows. For me, I buy, rather than lease, because I tend to turn over cars every 12-18 months. It's a vice- for sure, but I'm an enthusiast. |
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01-29-2014, 02:59 PM | #41 | |
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I ordered a couple of weeks ago and got a week 9 build slot. I'm not sure how early it can / will be delivered. I do know it is supposed to be sometime before 3/31 which is when I need to pick it up by to satisfy the requirements of the current pull ahead program. |
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02-01-2014, 04:38 PM | #42 |
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Once leased, how soon the car can be paid off or sold?
Anyone knows BMW financial rules? Last edited by AndreyATC; 02-01-2014 at 08:12 PM.. |
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02-01-2014, 08:05 PM | #43 | |
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02-02-2014, 07:58 AM | #44 | ||
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That said, my dealership values my business, so generally I pay invoice less current incentives (I try and wait for USAA incentives, holiday incentives, etc). Given how low my mileage is, I usually work out a fair trade as well. If not, I'll sell private. Like I said, it's a vice. |
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