Offered a 2009 BMW 335i sedan, good deal?

[StageLeft]

Learn how to read people. Do you really think I'm going to give them my car, which has a blue book value of $8000, AND a $6200 down payment? Are you that fucking stupid?

They've since upped their offer to the following:

Trade-in value for car: $7000
Money due at signing: $6200
Monthly payment: $437

It's surprising given how many people have said that this lease offer is horrible that I cannot find a SINGLE DEALERSHIP IN ALL OF SOUTHERN CALIFORNIA that can come close to matching this. One salesman flat out told me he couldn't match the offer and that I should probably take it if I could afford it.

Is your question rhetorical? How do I know if you're that stupid? I know nothing about you. Are YOU that fucking stupid that you think I know you enough to know how stupid you are or are not?

 

[exar333]

Learn how to read people. Do you really think I'm going to give them my car, which has a blue book value of $8000, AND a $6200 down payment? Are you that fucking stupid?

They've since upped their offer to the following:

Trade-in value for car: $7000
Money due at signing: $6200
Monthly payment: $437

It's surprising given how many people have said that this lease offer is horrible that I cannot find a SINGLE DEALERSHIP IN ALL OF SOUTHERN CALIFORNIA that can come close to matching this. One salesman flat out told me he couldn't match the offer and that I should probably take it if I could afford it.

So because apparently no one has a good deal, and this one is ever so marginally better, it is somehow good?

These are bad lease terms, plain and simple. I would pass and wait for a better opportunity. Lease deals change from month to month, and I would wait for a lease that either doesn't have any money due at signing, or it is very little (<$2k). Do you really trust the salesman? You do realize it is their JOB to sell cars, and not watch out for your best interest.

You ask for advice, but apparently you wanted everyone to congratulate you on such a "good deal". That didn't happen. The opinion (overwhelmingly) is to pass on this deal, but you sound like you really don't care what anyone things. Buy it, enjoy it, but don't expect a good deal with your purchase.

 

[ayabe]

I've spent a lot of time looking at CPO's and almost got one a month ago.

Flat out, you are making a bad deal, you can get a CPO that you will own for ~34Kish depending on the options, you will still have the 50k mile free maintenance and a full parts warranty up to 100K miles.

With 0.9% financing. That is "only" 10K more than what you'd be paying for a lease and you'd be walking away with asset when you're finished. I'd bet you'd be surprised how small the difference in monthly payments could be.

 

[StageLeft]

I've spent a lot of time looking at CPO's and almost got one a month ago.

Flat out, you are making a bad deal, you can get a CPO that you will own for ~34Kish depending on the options, you will still have the 50k mile free maintenance and a full parts warranty up to 100K miles.

With 0.9% financing. That is "only" 10K more than what you'd be paying for a lease and you'd be walking away with asset when you're finished. I'd bet you'd be surprised how small the difference in monthly payments could be.

How many miles on that? I think CPO mixes the best of both worlds--tons of factory warranty without the silly new-car depreciation hit.

 

[DivideBYZero]

BMW CPO is the way to go, fuck getting into one new unless you can drop 60&#37; cash minimum. We picked up our 1 series with 3k miles on the clock @30% off the fully optioned list price. That's a pleasure you can't measure!

 

[Doggiedog]

I looked into the leasing route last year and from what you've listed, it sounds like you are getting an average deal. At least compared to last year. You don't mention anything about taxes and fees. Does the lease include that or do you have to pay that upfront?

If your lease is getting close to $700/mo if you add everything up including your trade in, I would go the purchasing route. Just finance it and sell it after 3-4 years. You will be ahead and you can do whatever you want to the car.

I've added LED angel eyes, M3 spoiler, yellow fogs, and an M3 shift knob.

Also, if you are still going with the a space gray E90 and want an M3 spoiler, let me know. I have an extra one I can part with for cheap. It's brand new and never been used.

 

[yuppiejr]

Learn how to read people. Do you really think I'm going to give them my car, which has a blue book value of $8000, AND a $6200 down payment? Are you that fucking stupid?

They've since upped their offer to the following:

Trade-in value for car: $7000
Money due at signing: $6200
Monthly payment: $437

It's surprising given how many people have said that this lease offer is horrible that I cannot find a SINGLE DEALERSHIP IN ALL OF SOUTHERN CALIFORNIA that can come close to matching this. One salesman flat out told me he couldn't match the offer and that I should probably take it if I could afford it.

'

So wait, you own a car worth $8,000 right now, no car payments - just gas/maintenance and insurance. You're going to give the dealership your car plus $16,000 over the next 3 years for a total of $24,000 out the door to borrow their BMW which inevitably also costs more to insure than your current ride. In the end you walk away with nothing and will have to buy or lease a new car with a down payment out of pocket in 3 years.

How is this a good deal for anyone but the dealership?

For comparison, with the same monthly payment, you could take your trade-in to a Honda/Toyota dealer, buy a brand new V6 Accord/Camry financed for 4 years with the same monthly payment as your BMW lease and in 3 years have at least $10k worth of equity in the car with a year of payments left before you own it outright.

You asked if this is a "good deal" - to which most of us have told you this whole proposal is not. It may be a "good deal" compared to what other people who feel paying a bunch of money just to drive a BMW is worth... but I'm not sure most people here are looking at it in that context.

 

[KDKPSJ]

As an owner of CPO Bimmer, I'd also suggest you to look into it.

Also, keep in mind that, when you return the leased 3 series, you should have OEM Runflat tire with certain tread left on (unless the term specifies otherwise). Most people do either 1) Take out OEM tire (OEM RFT sux and only lasts like 15k miles anyway), get non-RFT replacement tire + temp tire, drive and return with OEM tire back on, or 2) Drive as usual, replace it as usual, and return with new/close-to-new RFT.

Option #1 is a cheaper, which would cost you about $ 800+, and let you free from crappy RFT ride, but will be hassle as you should replace it several times and have to carry temp tire with nowhere to properly store.

Option #2 would definately cost more, at least $ 1500 as RFT's are expensive and you may have to replace it more than once, but the cost is pretty much only concern if you can live with crappy ride comfort.

 

[StageLeft]

As an owner of CPO Bimmer, I'd also suggest you to look into it.

Also, keep in mind that, when you return the leased 3 series, you should have OEM Runflat tire with certain tread left on (unless the term specifies otherwise). Most people do either 1) Take out OEM tire (OEM RFT sux and only lasts like 15k miles anyway), get non-RFT replacement tire + temp tire, drive and return with OEM tire back on, or 2) Drive as usual, replace it as usual, and return with new/close-to-new RFT.

Option #1 is a cheaper, which would cost you about $ 800+, and let you free from crappy RFT ride, but will be hassle as you should replace it several times and have to carry temp tire with nowhere to properly store.

Option #2 would definately cost more, at least $ 1500 as RFT's are expensive and you may have to replace it more than once, but the cost is pretty much only concern if you can live with crappy ride comfort.

Damn that is an expensive addition.

 

[Doggiedog]

Some people on the E90post.com site will sell you their highly used but still passable RFTs for cheap. You can avoid the high cost of getting new tires that way.

 

[KDKPSJ]

Some people on the E90post.com site will sell you their highly used but still passable RFTs for cheap. You can avoid the high cost of getting new tires that way.

Yes, that's also an option for # 2. (Should I call it option # 2.5? )

For your reference, I just did quick calculation for each option, assuming you will drive according to your lease term (12k miles/yr for 3 years).

Option # 1:
- New set of tires: $ 560 (You may drive new set until 30k or so, then can go back to OEM and return it at 36k miles. If new set lasts less longer, more costs)
- Temp Tire w/ Tool Kit: $ 215
- Mounting/Balancing: $ 120
= Est. Total : $ 895

Option # 2:
- New set of Runflat tires at 15k + Mounting: $ 1,200
- Used set of Runflat tires from other bimmer owners + Mounting : $ 150
= Est. Total : $ 1,350

I'd personally go for option #1, as I know how crappy RFT's are and you can resell the temp tire once you no longer need it, but both would cost you some bucks. Definately more bucks than other cars with non-RFT.

 

[ayabe]

How many miles on that? I think CPO mixes the best of both worlds--tons of factory warranty without the silly new-car depreciation hit.

The one I was looking at and almost purchased was a 2008 white coupe with 6spd, premium package, sports package, nav with ipod, black interior. Had 17,000 miles on it.

Dealer wanted 34,000 OTD and would give me 10K for my Subie. I wanted it for 32 OTD and we couldn't come to an agreement, otherwise I'd be driving a chipped 335i right about now.

 

[evident]

looking at these numbers, i am hoping i never ever buy a car again. way too expensive and every method of getting into a new vehicle seems like a scam to take your old vehicle, pay an excessive monthly amount and get nothing in return.

trading in your car is the worst way to get taken to the cleaners. my friend "traded" in his 2003 chevy blazer for $2000 (!!!!!!!!!) to buy a cobalt for $2000 off sticker price, lol

used cars ftw

How many miles on that? I think CPO mixes the best of both worlds--tons of factory warranty without the silly new-car depreciation hit.

Lexus has a good CPO policy as im sure other lux automakers do. Dealers will charge a $1-2k premium over value but you're getting a warranty that's up to 100k miles and 5 (maybe 7 i forget) years. Everyone thinks my GF's RX350 is brand new, and she saved over $20k. win!

You can still get a dud vehicle that's been in an accident though and still need to be meticulous when going over a vehicle. there were several on the lot that were CPO's that have clearly been in accidents (though they tried to hide it)

 

[StageLeft]

my friend "traded" in his 2003 chevy blazer for $2000 (!!!!!!!!!)

WHAT

But, my father literally LIVES to get fvcked by dealerships. He loves it. Truly. He traded in a three year old Jaguar recently when getting a new vehicle. It was the xtype 3.0, leather, wagon, automatic. It had around 25k miles on it (40k km). The dealership gave him $12,500 Canadian. I believe he paid over $40k new.

I think Infiniti has a good CPO policy. Mazda certainly did (not sure now). I got a one year old MPV from them a few years back with 15k on it and the CPO got me factory powertrain up to 100k plus bumper to bumper up to a higher level, too, it was all win and no lose and the thing was way below msrp of a new one.

 

[cbrsurfr]

At least your father just does that every few years. Since retiring on 12/31/2008 my father has bought 5 vehicles, crashed 2, and had to replace the clutch in his 09 Shelby GT500 after 5,000 miles :-( I figure he was trying to single handedly save Ford. He spread his love across at least 3 dealerships. I figure with my next purchase I'll need to go outside the county. They probably have photos of him on the wall with sucker stamped across his forehead.

WHAT

But, my father literally LIVES to get fvcked by dealerships. He loves it. Truly. He traded in a three year old Jaguar recently when getting a new vehicle. It was the xtype 3.0, leather, wagon, automatic. It had around 25k miles on it (40k km). The dealership gave him $12,500 Canadian. I believe he paid over $40k new.

I think Infiniti has a good CPO policy. Mazda certainly did (not sure now). I got a one year old MPV from them a few years back with 15k on it and the CPO got me factory powertrain up to 100k plus bumper to bumper up to a higher level, too, it was all win and no lose and the thing was way below msrp of a new one.

 

[MetalMat]

Leasing is never a good idea.

you're renting a depreciating asset.

Only exception *may* be for a business venture.

If you are the type of person that gets tired of cars quick then leasing may be a good option for personal reasons.

 

[Arkaign]

trading in your car is the worst way to get taken to the cleaners. my friend "traded" in his 2003 chevy blazer for $2000 (!!!!!!!!!) to buy a cobalt for $2000 off sticker price, lol

While he could have gotten a much better deal selling private party, I always make a point of giving a PSA about those Blazers. They should all be taken to the crusher.

http://www.youtube.com/watch?v=oTbA0fhBark

I had a friend, not a close friend, but a co-worker I used to hang out with from time to time, he was killed in his Blazer after being struck by a Taurus that had pulled out of a parking lot into traffic. He was hit on the FR side, which caused the thing to twist and roll onto the driver side, and the roof just caved on him like nothing. He was doing less than 40mph at the time, and left behind a 3 year old daughter.

Fuck those things.

 

[casiotech wants a new accord]

leasing is a rip off.. no doubt about it if you paid the car off in 5 years you would have equity leasing will cost you more than half the car in about 3 years which is a lot more than the car would depreciate in 3 years.

If you are a yuppie it makes sense. You get a new car frequently and don't have to ever worry about maintenance or mechanics ripping you off, or driving something old and outdated. Plus you can drive it harder than you would if it were your own.

the pos. list goes on and on

the neg. is extra $$$$$$$$$ it costs to lease.

 

[casiotech wants a new accord]

While he could have gotten a much better deal selling private party, I always make a point of giving a PSA about those Blazers. They should all be taken to the crusher.

http://www.youtube.com/watch?v=oTbA0fhBark

I had a friend, not a close friend, but a co-worker I used to hang out with from time to time, he was killed in his Blazer after being struck by a Taurus that had pulled out of a parking lot into traffic. He was hit on the FR side, which caused the thing to twist and roll onto the driver side, and the roof just caved on him like nothing. He was doing less than 40mph at the time, and left behind a 3 year old daughter.

Fuck those things.

who drives 40mph in the right lane where cars pull out of parking lots..? Well I'm sure a lot of people. Sounds like he was probably speeding and wreckless and could have died in any SUV.

 

[BarneyFife]

If I was you, I would trade in that car for a CPO'd 335i for 32k or so. Trade in 7k and you're down to 25k. They have .9&#37; financing for 60 months plus the first two payments are free. Let someone else take the depreciation hit.

 

[Arkaign]

who drives 40mph in the right lane where cars pull out of parking lots..? Well I'm sure a lot of people. Sounds like he was probably speeding and wreckless and could have died in any SUV.

It was on a two-lane highway with an indicated 45mph speed limit (one lane each way, and a turning lane in the center, no median). The guy in the Taurus just didn't see him apparently, leading to the tragedy.

He wasn't speeding according to the report, and there was only relatively minor damage to the Taurus.

BTW, it's 'Reckless', not 'Wreckless'. Although in this case I sure wish we could say 'wreckless', meaning NO wreck at all.

 

[casiotech wants a new accord]

yeah.. i have those roads here too

it's common sense though to keep it around 30mph if you're in the right lane on a commercial blvd. People fly out of driveways all the time.

 

[Arkaign]

As for safety, SUVs aren't necessarily any more dangerous than a car other than a lot of them having a higher probability of rolling over. It's just that the designs were almost all terrible in the '90s, both domestic and a lot of imports. The Honda Passport received poor ratings just like the Blazer.

Look at how far things have come :

Again, the '95-'04 Blazer : http://www.youtube.com/watch?v=oTbA0fhBark

compare to the new Equinox : http://www.youtube.com/watch?v=KoWryeDOK4k

a DRAMATIC improvement, and the same vehicle class!

Also :

'97-'03 F150 : http://www.youtube.com/watch?v=_i5EmJBaGeQ

vs.

'04+ F150 : http://www.youtube.com/watch?v=1LkAzt_0qIg

and

'99-'02 Full Size Chevy PU : http://www.youtube.com/watch?v=-WmypX2RUPY

vs.

''07+ Full Size Chevy PU : http://www.youtube.com/watch?v=JNrMXMkrGc0

Quite a difference!!! Thumbs-up!

 

[Arkaign]

yeah.. i have those roads here too

it's common sense though to keep it around 30mph if you're in the right lane on a commercial blvd. People fly out of driveways all the time.

It would be nice if it were feasible. A lot of the outlying areas around DFW have a lot of these two-lane highways, and these kinds of things happen all the time. Going 30mph in a 45mph or 55mph zone will just get you into trouble with other drivers (and can actually cause accidents as people are a lot more prone to attempt passing maneuvers to get around).

 

[StageLeft]

At least your father just does that every few years. Since retiring on 12/31/2008 my father has bought 5 vehicles, crashed 2, and had to replace the clutch in his 09 Shelby GT500 after 5,000 miles :-( I figure he was trying to single handedly save Ford. He spread his love across at least 3 dealerships. I figure with my next purchase I'll need to go outside the county. They probably have photos of him on the wall with sucker stamped across his forehead.

OK your dad wins big time

who drives 40mph in the right lane where cars pull out of parking lots..? Well I'm sure a lot of people. Sounds like he was probably speeding and wreckless and could have died in any SUV.

Yeah really who the fvck drives 40 mph in the right hand lane on a street that actually has commerce off it, insane!!

it's common sense though to keep it around 30mph if you're in the right lane on a commercial blvd. People fly out of driveways all the time.

Please stop.