So the duel has ended and I decided to just shoot the salesman. He did not want to budge on the price anymore and continued his tone of playing stupid, right up to the last minute. I cleaned out my baby, drove it over and unscrewed the plates. It was the polar opposite of the day I picked her up. I managed to shave some extra tread off the tires on the way over though:D. Windows down....shifting manually all the way. I will be sure to let you all know if I end up with a new bimmer. Thanks again for all the suggestions.

I did 7 MSDs to lower my MF rate...

A 6 year loan---you know how much interest you will be paying ? That's not really good advice just to keep a payment down.

So my local dealer is cruel and unusual which forced me to shop around for my next bimmer. Went down to another dealer 60 miles away to look at 3 series convertibles for my mother and left with a 2011 50i:D I never in a million years thought I would buy(lease) a vehicle right off the lot but I had some incentive to do so. 1) I was about to rent a car for a month which turns out costs like 1000 dollars:wow:2) I was looking for the best deal I could find. 3) Instant gratification made up for the botched deal between me and my local dealer at lease end on my 4.8. Here are a couple crappy droid pics, nothing too special options wise but I am convinced that the 4.4 is all you need! I cannot believe how much quicker it feels than my 4.8:yikes: And to answer the question regarding whether or not my original offer for the same vehicle at taxes down 1010 a month was good....it was disgustingly bad. I got into this lovely thing at 810/month. Sticker 67,975 selling prince 63,175. MF .00180, RES 60%...15k/yr. I know I could have gotten this deal on a new build as well but I was kind of in a squeeze and I think it worked out quite well.
http://i775.photobucket.com/albums/y...8-11180931.jpg
http://i775.photobucket.com/albums/y...11181018-2.jpg
http://i775.photobucket.com/albums/y...8-11181044.jpg
http://i775.photobucket.com/albums/y...11180950-1.jpg

BMW was offering 2.9% for a while, others are at 3.9%.

Remember the money factor on most leases is around 6% (which is interest also). All that matters is the residual on the vehicle after 3 years. A six year loan ends up putting you close to what a lease does (and sometimes it is better).

Leasing companies are essentially doing the same thing, they take cheaper capital and charge a higher rate for it.

Sorry for the late reply, I lost track of this thread. OP the multiple MFs are also a good idea and better than the 6 year loan option.

Congrats! Looks good.

Glad to see you knocked off about 20% from what your lease payments could have been.

One of the hidden costs of leases is how many buyers (renters) get jammed in the end with excess mileage, pissant 'damage fees' and lack of bargaining for a new vehicle.

I think you would be surprised if you analyzed what you wound up paying for your car, including the fees you will get following the return...and compare that to a financing and sale of the car for market value. (or you could have kept it for a bit longer if you wanted..)

Proponents of leasing just gloss over these real issues with "well of course you need to know the terms of the lease"....

For a business purpose, a lease makes sense..but not for basic transportation. Of course if you don't give a crap about the costs, that works too. :)

IMO

A

I paid my overage miles out of pocket and did not include them in any negotiations. Even though my x5 had its share of nicks and even a 5 inch crease near one of the wheel wells(severe door ding) bmw did not charge me anything. I even had a missing key fob. I didn't gloss over anything I lease primarily because I am currently using my capital for other things and I do not have any intention whatsoever of keeping the vehicle beyond 3 years. :D

Thanks for the compliments, I am really enjoying my new ride. I was negotiating bottom line numbers. As stated above the mrsp was 67,975. Selling price was 63,175. Taxes down plus first month and delivery. MF .00180 res 60%. I used a lease calc online and the numbers didn't seem fishy to me but hey I am not a pro. :D