Automotive

BMW questions and answers

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Jul 30, 2007
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$0.15 per km + taxes for non M car.

If the projected mileage charge is like $4000 or more, like you said, buy it out
Last edited by booblehead on Jul 20th, 2018 12:56 pm, edited 1 time in total.
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Mar 27, 2012
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booblehead wrote: lots of people do that too. It comes down to what the current owner is offering as incentive and who is paying for the lease transfer and inspection cost. You will have to keep in mind on the wearable items on the car too when considering, such that you don't want to takeover a car if you need a brand new set of tires & brakes immediately, which will add thousands to your obligation.
I looked into what it would cost for her to get a new car and basically all the incentives that BMW is currently offering can get her out of her car, plus she'll get 6.5% off her new one. The only crappy part is that she loses her entire $4500 incentive because of her car. She needs new brakes and tires at the minimum. I told her its a good way to just get out of the situation and its not costing an arm and a leg. If she forgoes buying out the car, then its cheaper than paying for the excess mileage.
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^ just my 2 cents. If she decides to buy it out, then do it sooner rather than later, the later she does it means she will rack up even more mileage and also, by buying it out now, she can stop paying further interest on her lease (assuming she has the funds to do the buyout).
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Mar 27, 2012
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booblehead wrote: ^ just my 2 cents. If she decides to buy it out, then do it sooner rather than later, the later she does it means she will rack up even more mileage and also, by buying it out now, she can stop paying further interest on her lease (assuming she has the funds to do the buyout).
The cars also been a bit of a lemon apparently, the service logs are pages upon pages. I think she's just going to turn it in. I mean regardless she's upside down on her car.
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Go back and talk to her Sales Advisor and see what they can do about it.
It is better than keep racking up the milage for another 18 months.

Just curious, how much KM she opted for her lease?
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Ok. I see. If that's the case, maybe approach the dealer now to get some early termination penalty figures and then compare that to if she kept the car until lease end with:

1) remaining lease payments to be made +
2) the projected mileage charge +
3) maint. that needs immediately (wearable items and other sundry costs)

If the estimated latter figures turn out to be lower, then keep until lease end.
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MP3_SKY wrote: Go back and talk to her Sales Advisor and see what they can do about it.
It is better than keep racking up the milage for another 18 months.

Just curious, how much KM she opted for her lease?
She originally had a 16k/year lease because she only drove 13k a year. Now she drives almost 22k/year and that's her being careful with the mileage
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so, 1.5 yrs x 6,000km excess mileage = 9,000km overage ... say 12,000km overage by end of term x $0.15 + HST = $2000. (Assuming the overage will begin today)
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Hello - finally was able to almost shortlist a 2018 320 Xi with 100 kms on ODO and currently used as loaner. This is the offer I was thinking of giving to the dealer based on the invoice price I have. Does anyone have any idea how much logical it looks:

Invoice Cost
Base Price CA$42,685.00
Storage Package CA$325.00
Sunroof CA$930.00
Through Loading CA$370.00
Total Invoice Price CA$44,310.00
Dealer Margin 5% CA$2,215.50
Less Demo Discount -CA$3,000.00
Current Lease Credit BMW -CA$3,000.00

Ride Green Certified $0.00
Freight $0.00
PDI $0.00
Admin CA$399.00
Other Dealer Options $0.00
PPSA due on Delivery $41.00
Fuel CA$ 95.00
Air cond+omvic+tire CA$ 124.00
CA$41,143.50
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2018 320 xi ? Do you mean 330 xi?

This car has absolutely nothing in there for options. Are you ok with that.

Price proposed is pretty decent though but given this car is likely is hard to sell with no options at all, if you are going to offer, I say $40,650 + taxes. Ideally. In other words, there is about $500 + taxes left to play with.
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booblehead wrote: 2018 320 xi ? Do you mean 330 xi?

This car has absolutely nothing in there for options. Are you ok with that.

Price proposed is pretty decent though but given this car is likely is hard to sell with no options at all, if you are going to offer, I say $40,650 + taxes. Ideally. In other words, there is about $500 + taxes left to play with.
Yes 330i X Drive and these are the options:
Storage Package CA$325.00
Sunroof CA$930.00
Through Loading CA$370.00

That's ok for me now - given the fact that I will be leasing it only for 2 years. And buy it outright afterwards if needed.
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My calc is based on cash purchase (which has an extra $1500 credit). If you are leasing, then you have to add $1500 to my figure, revised to $42,150 + taxes.
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What is storage package? (for winter tires)
and Through loading?

It sucks that BMW charge you $95 for fuel.
I bought a Lexus and Mercedes and both give me a tank of gas for Free.

100km and sell as Demo, that's pretty good. Given a lot of Brand new car right now delivery with 100k and they still have to pay Freight and PDI
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booblehead wrote: No major issue that I have heard of. If you are looking at X1, you should add the 328x touring onto your list when you are ready to shop ... you may be able to get a better bang for your $ (as the seats may be better and drives better too)
God to know, thanks. How well do these handle winter in terms of rust? I park outdoor. Do the turn into rust bucket if they were not initially rustproofed?
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European brands seem to have slightly better quality in their steel treatment. It may come down to washing the car more often to get rid of salt during winter months.

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