But what was the final price ? A few months ago people were getting at invoice, free premium package and .90% financing. I think you said the MSRP was $71K--if you got the $2,500 factory rebate--what was the negotiated price of the car ?

It was a 36 month lease based on the follow:

MSRP: 70,720
Lease Based on Sales Price of: 65,300
Money Factor: .00155
Residual: 59%
Term: 36 months
Miles: 10k per year

$2500 Rebate is applied as a "Cap Cost Reduction": It must be done this way as per BMW FS rules for the rebate.

Dealer agreed to pay off my existing lease, total of $2418.

Taxes (full lease) and MV fees only up front.

$819.62 per month.

I got ~ $4,000 off the MSRP back in Dec 2007.... Plus approx $1000 more on my trade-in than offered elsewhere, so figure $5K off the MSRP of $69,500. I had 3 dealerships fight over the sale :)

I got a smoking deal on December 6th last year. 42,5 price (plus tax), 4K cash to me (check), and 0,9 on 60 months. Not a penny up front from me. It's a 3,0si, but with that deal thrown in my face, I couldn't say no.

2008? what the MSRP?

2008,....MSRP was 49 and change. I have to tell you though,...the dealer is a personal friend of mine, and an ex business partner (we owned few dealerships together, back in the mid nineties, but not BMW)

Why did you get out of the business? Any interest in getting back in?

In a danger of sounding like a "Monday morning quarterback".....it was pretty obvious where we're heading in the early 2006. Anybody able to put their signature on the piece of paper, had a million dollar house, several new cars, and countless toys. People took the "American Dream" a bit too far.

Car makers (and dealerships!) flooded the market with substandard, overpriced cars, ......the times were "good".

I sold my dealership interests at the peak of the market, and gradually increased my other assets (gasoline retail). Car sales are WAY down, and the gas is going steady. I think I made a right decission. My assets were 80/20 in favor of the car sales back then, and now they are 80/20 again (80 in gasoline, and 20 in the food distribution). Maybe I should start increasing the food, and dropping the gas?

Joking,....I am one project away from the "full time" retirement (I am only part time retired now). I need two more years before the total economic collapse, and me and my family will be OK for the next couple of generations.

In short,....no more car sales for me.

You only get to drive it 10K miles a year ? :wow:

I live in Manhattan...