Im 2 yrs into a 3 yr lease on a 325i but am ready for a bigger car. My dealer tells me I can get out of my current lease for abou $1200 difference between what I owe and what they will buy the car for. I put some thought into it overnight and faxed him this offer today: 2005 545i,premium pkg,steptronic,prem. sound, comfort seats, nav, sat. radio cap cost:$57370 (that's $1500 over invoice by my calculations) base money factor .0010 no cap cost reduction residual 59% 36 months/36k miles Do you think this is a fair offer? Think he will do it?  |
| Reply » Here's the offer I just made for a new 545i... |
Nope. Once the salesman is in a position to do you a favor, you have essentially given up any bargaining leverage you may have had. 
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| Reply » Here's the offer I just made for a new 545i... |
Quote: | Nope. Once the salesman is in a position to do you a favor, you have essentially given up any bargaining leverage you may have had. |
I hear what you are saying but I don't see this as him doing me a favor. He simply looks up the current value of my car and compares it to what is owed on the lease and subtracts one from the other to give me what I would owe to end the lease. It is what it is. Is there more to it than that?
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| Reply » Here's the offer I just made for a new 545i... |
After acquisition fee (which I am assume you would capitalize), you're giving him less than $1000 profit on a 545i. Not reasonable, IMO.
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| Reply » Here's the offer I just made for a new 545i... |
Quote: | After acquisition fee (which I am assume you would capitalize), you're giving him less than $1000 profit on a 545i. Not reasonable, IMO. | I'd think that if the 545i is on the lot right now, they'd be pretty anxious to get it out the door before people insist on the 550.
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| Reply » Here's the offer I just made for a new 545i... |
Quote: | I'd think that if the 545i is on the lot right now, they'd be pretty anxious to get it out the door before people insist on the 550. | Depends on the inventory. Personally I've got 5 on the lot now (out of a total inventory of 600+), and a $900 deal on 545 wouldn't fly...even on the last day of the month.
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Here's the offer I just made for a new 545i...