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10-15-2008, 12:58 PM | #1 |
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trading in 325i for 2008 m3
just was wondering if someone could help me put together a deal for an 08 m3
i am currently driving a 2006 325 i that i owe 29,000 on the im looking at a 2008 m3 with dct tech package and sport package the dealer put together a deal for me to put 16,000 down and with the 0.9% i would pay 945 a month is this a good deal or can i do better? help me out brothers |
10-15-2008, 02:21 PM | #2 |
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What is the price of the vehicle: MSRP? what discounts they offered you?
I've been dealing with Shelly BMW. I bought 2 vehicles from them in the past. Let me know. I can talk to my guy and see if he can hook you up. Eli |
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10-15-2008, 03:06 PM | #4 |
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My 2 cents...
Stay away from MSRP....start with Invoice and work up based on what you are willing to offer as profit. By 30 or 31 Oct....they will be willing to take invoice.
Then......deduct your trade-in/cash from that price. Keep that in your back pocket until the last minute to keep the process simple and the math straightforward. Really, I would not start with MSRP.... |
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10-15-2008, 03:13 PM | #7 |
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im sorry if i sound dumb to you as im not well versed on this...when we're talking about invoice we are talking about 60,000 as the starting point? my real question is if you were in my position what would u shoot for like how much down would i need to put down and what would my monthly be at
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10-15-2008, 05:46 PM | #8 |
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Find out what the invoice is on Edmunds.com. If the MSRP is 65k, and the invoice is 60k, then you start with 60k, and add $500 dollars on top. Downpayment is all up to you. The monthly is where you want to be as well. If you are doing straight financing, then use www.bankrates.com. They have an online calculator. As a rule of thumb, I deduct the downpayment from the total selling price or the negotiated price of the vehicle, and multiply the price of the vehicle with 9% (that will cover taxes and license fees). Input the price of the vehicle, along with years, interest rates, and voila, you got the monthly payments.
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10-15-2008, 09:59 PM | #12 |
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craigslist.org
sold my on www.craigslist.org. Look at the market on craigslist and with reasonable price, you will find a buyer.
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10-16-2008, 11:35 AM | #13 |
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i had another question...when i got the 325i i got a bad deal interest wise through bmwfs as my credit wasnt what it is now...do you think this could stop me from getting the deal as they already have it good?
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10-16-2008, 01:53 PM | #15 |
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It depends...
I looked into the Select "Balloon" option and BMW said "700 credit score...no problem." Otherwise, look for other options.
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10-16-2008, 02:25 PM | #17 |
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I got the select loan with baloon no problem, and i doubt my credit score is 700 due to my mortgage company screwing me over and marking a payment late when it wasn't
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10-16-2008, 03:49 PM | #18 |
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Balloon is like a lease; however, it is for 60 month, there a balance owed, and no mileage to worry about. Simply put. If you are the type of person who has another vehicle to drive as a workhorse, then lease the car. If you think you are going to trade the car in 3 years, then lease. But if you think you are going to keep the car for a while, then buy it.
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