Question about 08 3.0 & premium package discount?

[s54mseries]

What's the deal with the discounted or free premium package I read about. Is the premium package coming for free? Does this apply to a lease? What other year end discount can I expect on a 08 3.0si lease around now? Thanks.

[BGM]

The premium package discount amount is different on the 3.0 vs the 4.8 from my understanding. I'm pretty sure it applies for leasing as well though BMW is staying away from attractive lease offers (hence the .90% financing) on SUVs. You would probably pay the same monthly payment on the .90 as you would on a lease so you might be better off just buying.

[Thunder22]

Originally Posted by BGM

The premium package discount amount is different on the 3.0 vs the 4.8 from my understanding. I'm pretty sure it applies for leasing as well though BMW is staying away from attractive lease offers (hence the .90% financing) on SUVs. You would probably pay the same monthly payment on the .90 as you would on a lease so you might be better off just buying.

1) You get $2595 off which is the invoice price of the premium package on 3.0
2) yes, it applies to leases and financing
3) Lease deals right now in the NE are .002 money factor and 56% residual on a 10k mile 3 year lease.
4) right now is a terrible time to BUY an suv, who knows what's going to happen in the next couple of years with gas prices. IMHO leasing is a much better decision.
5) you can expect ~ $5-6k off of MSRP (that includes the premium package discount) if you know what you're doing with the negotiations (up from invoice, not down from msrp) regardless of financing method.

I don't know why you're saying the lease deals aren't attractive, a no money down (except tax/title/reg/fees) lease is in the mid $600's. A no money down finance means you're paying sales tax on the entire vehicle and your monthly payment will be ~ $300-$400 more a month.

But don't ask me, I didn't just lease an '08 last week or anything

[BGM]

Originally Posted by gresch

1) You get $2595 off which is the invoice price of the premium package on 3.0
2) yes, it applies to leases and financing
3) Lease deals right now in the NE are .002 money factor and 56% residual on a 10k mile 3 year lease.
4) right now is a terrible time to BUY an suv, who knows what's going to happen in the next couple of years with gas prices. IMHO leasing is a much better decision.
5) you can expect ~ $5-6k off of MSRP (that includes the premium package discount) if you know what you're doing with the negotiations (up from invoice, not down from msrp) regardless of financing method.

I don't know why you're saying the lease deals aren't attractive, a no money down (except tax/title/reg/fees) lease is in the mid $600's. A no money down finance means you're paying sales tax on the entire vehicle and your monthly payment will be ~ $300-$400 more a month.

But don't ask me, I didn't just lease an '08 last week or anything

BMW has been getting killed on the residuals on leases that is why they are pushing to buy. And I don't think people who buy BMWs are that concerned with gas prices.

Well if you go on BMWNA and do a 36 month 15K mile/year lease vs. a .90% buy for 60 months on the same ($67K) vehicle with no money down---to finance would be only $90 more a month vs. the lease.

[Thunder22]

Originally Posted by BGM

BMW has been getting killed on the residuals on leases that is why they are pushing to buy. And I don't think people who buy BMWs are that concerned with gas prices.

Well if you go on BMWNA and do a 36 month 15K mile/year lease vs. a .90% buy for 60 months on the same ($67K) vehicle with no money down---to finance would be only $90 more a month vs. the lease.

But minimally you're paying an additional ~ $28k on the fianance deal for the extra 2 years.

[BGM]

Originally Posted by gresch

But minimally you're paying an additional ~ $28k on the fianance deal for the extra 2 years.

So, that goes back to the old lease vs. buy difference. After 3 years on the lease you have no equity as where on the buy you would + more equity as time goes on.

[SapphireBlackX5]

If you can "write it off" through a corporation, then Buy it.

[SapphireBlackX5]

The ability to write off a big chunk of a heavy SUV's cost in the first couple of years can make purchasing such a vehicle more attractive than leasing it — that is, if the vehicle is used extensively for trade or business purposes. But be careful: in order to be eligible for these special tax breaks, you'll have to be able to show that at least 50% of the use of the SUV was for business. In addition, if your business use drops below 50% for some later years, you may have to "pay back" some of the $20,000 tax break you've already taken. Consult your tax advisor for further details, and to see whether purchasing an SUV would make sense for you.

[bchan]

You too can write off the lease payments, gas and any maintence trhu your LLC in lieu of getting the depreciation. In meant to say that in the last 2 yrs of ownership gievn a 6 yr cycle, that you would likely have 2k in maintenence costs - the 60k and the usual other intervals.