Automotive

BMW questions and answers

Deal Expert
User avatar
Jul 30, 2007
22674 posts
7716 upvotes
Toronto
6 weeks would be the min. (if there are no backlog)

Your dealer should have all timeline
Jr. Member
Apr 27, 2015
155 posts
53 upvotes
Toronto, ON
booblehead wrote:
Sep 19th, 2017 11:26 am
special bonus factory credit for Ontario program -Sep 21 - 23

http://www.bmw-gta.ca/?gclid=CK3S4YHIsdYCFQi5wAodp_AIsA

For 17 leftover in stock - add on top of any applicable Sep program
$750 2 series coupe
$1000 2 series cabrio
$1000 3 series
$1500 5 series
$2500 6 & 7 series
$750 X1
$1000 X3
$1500 X5 & X6
$500 I3
$2500 I8

So technically, how much do you think i can get off an 2017 330i xdrive demo? with premium essential and sportline. in service date June 2017 and around 2000km.

I would assume 6% from dealer + 3500 and maybe waive PDI and Freight?
Deal Expert
User avatar
Jul 30, 2007
22674 posts
7716 upvotes
Toronto
well. you could aim at the 7% + $3000 Sept program + $1000 bonus credit + no pdi + no dealer admin fee. I have a feeling the dealer will fight hard of not waiving the freight. The pdi you can argue that the car has already been on the road for sometimes now.
or you can simply do your own OTR offering and submit it and let the dealer to work their numbers. I am thinking $46,600 + taxes as your starter and top out at $47,000 + taxes

Note: only the 330e/340 have $3500 credit on the Sep program.
Sr. Member
Aug 29, 2005
509 posts
75 upvotes
Such a great thread!

I just leased a 2017 330i today. 48 month, 20K a year, 0 down, 572 a month after tax including excess wear and tear insurance. How is this deal?

I am thinking if I need to buy the tire and rim protection. It is 1495 (could have 150 discount if I buy). Is it worth it?

Are those tires ok with the snow in Toronto? Do I need to buy snow tires? As we know, winter is coming. :)

Thanks a lot in advance!
Deal Fanatic
Nov 2, 2013
5250 posts
1127 upvotes
Edmonton, AB
supermike wrote:
Sep 22nd, 2017 12:34 am

I am thinking if I need to buy the tire and rim protection. It is 1495 (could have 150 discount if I buy). Is it worth it?
That's like asking if you expect to go through >$1495 of rim and tire damage in the next 4 years. If you drive in areas with horrible potholes, there is a good chance. Otherwise, likely not.

Don't know what the rim repair and welding shops charge over there but over here it's about 50-200 a rim, depending on how badly you beat up a rim.

The cheapest snow tires perform better than the best All Seasons or Summers in the winter. So yes, it's worth it. You also save wear on whatever tires you use outside winter, so those last longer. In the long run the extra money you're really shelling out is just another set of rim, but the performance and safety gain is worthwhile. Personally I think it's worth it to spend the little extra on another set of wheels than risk my own safety and a $50,000+ vehicle.
Consultant
- Oilfield Services Operations & Safety - Digital Marketing - Finance - Accounting -
Serving Western Canada since 2013

To network, or for my website and personal blog, shoot me a message.
Sr. Member
Aug 29, 2005
509 posts
75 upvotes
FirstGear wrote:
Sep 22nd, 2017 12:42 am
That's like asking if you expect to go through >$1495 of rim and tire damage in the next 4 years. If you drive in areas with horrible potholes, there is a good chance. Otherwise, likely not.

Don't know what the rim repair and welding shops charge over there but over here it's about 50-200 a rim, depending on how badly you beat up a rim.

The cheapest snow tires perform better than the best All Seasons or Summers in the winter. So yes, it's worth it. You also save wear on whatever tires you use outside winter, so those last longer. In the long run the extra money you're really shelling out is just another set of rim, but the performance and safety gain is worthwhile. Personally I think it's worth it to spend the little extra on another set of wheels than risk my own safety and a $50,000+ vehicle.
Thank you FirstGear! You are always great. :)

How do you think about the price I got? I am asking because I came home and looked at the goal booblehead set above (aim at the 7% + $3000 Sept program + $1000 bonus credit + no pdi + no dealer admin fee) and I am scratching my head now. It seems I didn't get the best deal as booblehead said.(It's a new car, not a demo car)

As I can see, the MRSP is 47700 listed on the contract, then (47700*7%)+1000+3000=7339. So the price should be 47700-7339=40361*1.13 tax=45607. wow. my deal is 572.88*48+22419 (47% residual)=49917! wow wow wow, way off. :(
Member
Mar 27, 2012
255 posts
109 upvotes
supermike wrote: Thank you FirstGear! You are always great. :)

How do you think about the price I got? I am asking because I came home and looked at the goal booblehead set above (aim at the 7% $3000 Sept program $1000 bonus credit no pdi no dealer admin fee) and I am scratching my head now. It seems I didn't get the best deal as booblehead said.(It's a new car, not a demo car)

As I can see, the MRSP is 47700 listed on the contract, then (47700*7%) 1000 3000=7339. So the price should be 47700-7339=40361*1.13 tax=45607. wow. my deal is 572.88*48 22419 (47% residual)=49917! wow wow wow, way off. :(
Your payment includes interest which is why your numbers are off. You should just look at your deal sheet and calculate it that way
Deal Fanatic
Nov 2, 2013
5250 posts
1127 upvotes
Edmonton, AB
supermike wrote:
Sep 22nd, 2017 1:05 am
Thank you FirstGear! You are always great. :)

How do you think about the price I got? I am asking because I came home and looked at the goal booblehead set above (aim at the 7% + $3000 Sept program + $1000 bonus credit + no pdi + no dealer admin fee) and I am scratching my head now. It seems I didn't get the best deal as booblehead said.(It's a new car, not a demo car)

As I can see, the MRSP is 47700 listed on the contract, then (47700*7%)+1000+3000=7339. So the price should be 47700-7339=40361*1.13 tax=45607. wow. my deal is 572.88*48+22419 (47% residual)=49917! wow wow wow, way off. :(
As the above poster said your calculations include interest, which is why they're off. Incentives and discounts vary upon area, so best to ask someone in the same. In the West here for instance, discounts are almost non-existent (people have too much money... lol). Even our MSRP is $2000 higher for no options.

Based on Bobblehead's number it sounds like you should arrive at around $40,000.

A guy I went to school with just got a 340i last month, $40,300 for a 4 year lease (48% residual), 20,000km/year @ 0.9%. Supposingly they "gave" him 10% discount so he got all excited, but based on what we're hearing about the discounts you guys are getting in the east, still sounds like a bad deal.
Consultant
- Oilfield Services Operations & Safety - Digital Marketing - Finance - Accounting -
Serving Western Canada since 2013

To network, or for my website and personal blog, shoot me a message.
Deal Expert
User avatar
Jul 30, 2007
22674 posts
7716 upvotes
Toronto
You should really be looking at $40,000 - $40,500 + $3000 fees + $1400 ewt After that, it's just straight lease payment calculation

If this is a demo, then I would have suggested to fight for the freight/pdi fees to be reduced/waived, depends on how extensive of mileage have cumulated and when it was put into service.

As for ewt, did you negotiate for this as free ? Do you see this as a charge on your agreement?
Sr. Member
Aug 29, 2005
509 posts
75 upvotes
booblehead wrote:
Sep 22nd, 2017 9:06 am
You should really be looking at $40,000 - $40,500 + $3000 fees + $1400 ewt After that, it's just straight lease payment calculation

If this is a demo, then I would have suggested to fight for the freight/pdi fees to be reduced/waived, depends on how extensive of mileage have cumulated and when it was put into service.

As for ewt, did you negotiate for this as free ? Do you see this as a charge on your agreement?
Thanks everyone!

So 40000+3000 fess+1404 ewt=44404* 1.13 tax=50176. 0.9% Intrest rate, the interest is 1200-1300, let's say 1200, so a good deal should be around 51376. I got 49917. wow, now I am happy. I made it. I reached the goal booblehead set! :)

The expereince is that when you shop for a car, you really need to care about the OTR price only. As I can see the dealer listed all the fees like admin fees, pdi....But I stuck with the price range I would like to pay without asking about each fee.

If anyone wants to get a 2017 BMW, you might want to hurry up. Almost sold out everywhere. At least 2017 3 series. I asked 4 dealers. The first one simply told me to try my luck at other dealers because they sold out 2017 3 series. The second dealer didn't say that but simply pitched 2018, I suppose they sold out too. The 3rd dealer had 2 330 left, but both are blue color. My wife likes a white one. The 4th dealer got the last one and it is white. So we grabbed it. The funny thing is the car was technically a used car. When I called, the SP checked the inventory. He told me that there was still a new one but it wouldn't be the next day because it was their last one. They wanted to use themselves as a service car. The car was already in service yesterday as their record shows. And the warrant started yesterday Sep 21st accordingly. However, they hadn't started using it yet. I called in and grabbed it. :). They specifically showed me that car, the wrapping paper wasn't completly removed yet. It had 20 something KM. Still a brand new car that was registered as a service car yesterday. wow, so people might want to look around this weekend if you want to grab a new 2017 3 series.
Deal Expert
User avatar
Jul 30, 2007
22674 posts
7716 upvotes
Toronto
@$49,917 negotiated lease price is actually a "A+" mark deal (assuming you are in Ontario). It would seem the dealer is getting rid of the last leftovers and at the same time, close off the 3rd qtr sales segment .. so that they can get their qtrly factory-dealer bonus. Winking Face

As for whether you need tires and wheels insurance ? All depends on what kinds of roads your daily drive on. The tires come with the car are runflat and if they are punctured, then they cannot be patched at the dealer and at most shops (fearing liability concern). Each runflat tire is around $350 each. Therefore, you can do the math yourself to see how many flats you need to have in order to get your $ back. If you are getting non approved winter tires, the insurance does not cover this.
Sr. Member
User avatar
Nov 20, 2013
688 posts
102 upvotes
Toronto
Hi Guys,

I just leased an X3 28i and added the Tire & Rim protection. My question is what should I do during the winter time. Buy rims/tires from Costco or buy a winter package from BMW.

The reason I ask is because I don't think T&R protection covers me if I were to buy from Costco. New to all this!

Thanks in advance.
The only thing I know for sure... is that I know nothing.
1. Water 2. Sugar 3. Barney
Sr. Member
Jun 12, 2009
616 posts
182 upvotes
shiftkeyone wrote:
Sep 24th, 2017 3:02 pm
Hi Guys,

I just leased an X3 28i and added the Tire & Rim protection. My question is what should I do during the winter time. Buy rims/tires from Costco or buy a winter package from BMW.

The reason I ask is because I don't think T&R protection covers me if I were to buy from Costco. New to all this!

Thanks in advance.
I think the tire and rim protection is only for the existing set installed on your car; the winter set, should you purchase with Costco, has nothing to do with that. It's for your own safety.
I'm guessing this protection allows you to run the OEM tires bold and still not pay any penalty. The thing is alternating OEM s (summer) and winters (winter) will save you big expense of buying another set of OEM once the original wears out, as well as make winter driving more safe.

How much are you payments and under what conditions? I will most likely lease BMW X3 or X4 in the near future.
Deal Guru
Jan 15, 2006
11121 posts
6585 upvotes
Richmond Hill
shiftkeyone wrote:
Sep 24th, 2017 3:02 pm
Hi Guys,

I just leased an X3 28i and added the Tire & Rim protection. My question is what should I do during the winter time. Buy rims/tires from Costco or buy a winter package from BMW.

The reason I ask is because I don't think T&R protection covers me if I were to buy from Costco. New to all this!

Thanks in advance.
Unless you feel like forking out $4-5k at the dealer for the winter package, you are better off buying from Costco even if the tire/wheel protection covered it, which it doesn't.
Sr. Member
User avatar
Nov 20, 2013
688 posts
102 upvotes
Toronto
FastFret wrote:
Sep 24th, 2017 3:19 pm
I think the tire and rim protection is only for the existing set installed on your car; the winter set, should you purchase with Costco, has nothing to do with that. It's for your own safety.
I'm guessing this protection allows you to run the OEM tires bold and still not pay any penalty. The thing is alternating OEM s (summer) and winters (winter) will save you big expense of buying another set of OEM once the original wears out, as well as make winter driving more safe.

How much are you payments and under what conditions? I will most likely lease BMW X3 or X4 in the near future.
The T&R protection, in summary is to not repair but instead replace with a new tire/rim from various road hazards. Here's the link of the protections they offer. I'm definitely getting winter tires just trying to see if paying $1495 (T&R protection) is worth it when I also have 'Excess Wear & Use protection' which covers (among other things) rim scuffs and tires (repair) but is capped at $7500 over my lease term. I'm picking up my car on Tuesday so I'll decide by then once I speak with the Sales rep again.
EP32k2 wrote:
Sep 24th, 2017 3:30 pm
Unless you feel like forking out $4-5k at the dealer for the winter package, you are better off buying from Costco even if the tire/wheel protection covered it, which it doesn't.
Yea, I know it depends on how much I'm willing to shell out. FYI, Maranello BMW in Woodbridge is having a special on winter tires. It includes free installation and storage.
The only thing I know for sure... is that I know nothing.
1. Water 2. Sugar 3. Barney

Top