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| 12-14-2009, 08:20 AM | #23 |
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I say go 135i
 ... ditch responsibility... ok well.. maybe not... but I think the GTI is a great car for the pricing that you are looking for.That being said, the 125i is a great option (unless you're prepared for the premium of a 135i). Good luck on your decision!
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| 12-14-2009, 03:11 PM | #24 | |
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To answer your question newer 120 i models may have less gadgets that a 130 which has quite a few options as standard compared to lesser 1 series models. As for the residual I would think if you wanted to play it safe you would go for a lowest possible number, if your budget only allows repayments based on 50% residual you may be better off looking at a cheaper car. Servicing your BMW doesn't have to be expensive, I use independent specialist who provides excellent service (unlike most BMW dealerships I've been to) at a competitive price. You will find there weren't many options on older 130s (new models have had electric seats and xenons removed from standard list) apart from I-drive, 18s sunroof and front PDCs. Hope that helps. Last edited by dk130i; 12-15-2009 at 12:36 AM.. |
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| 12-14-2009, 10:39 PM | #25 |
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bought my 06 130i with 36k on the clock for 38k privately came with a quaife diff and in very nice condition. One owner, service history etc Buying privately gives you a chance to meet the previousowner and see if he or she is a complete lunatic.
Why would you buy a 120 ifyou can get a 130 with low k's for similar money. I have driven the 135 and actually like the 130 better ( ready for backlash) everyone is negotiable.
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| 12-14-2009, 11:07 PM | #26 |
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The 130i is a great car for the price.
If your going to throw out the 116i & 118i, throw the 120i out with them, as the difference between them all is negligible & the 130i is a world apart from them in terms of performance. With respect to finance, if your after a residual, i'd work off a 30-40% residual max, however if you can afford to lower the residual, preferably to 0% do it, as it'll save you money on non-deductible debt as previously mentioned.
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| 12-16-2009, 10:00 PM | #27 |
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Are you a car mod person? If so, 130i is not really suitable for modding, not for performance anyway. The car pretty much is the best that it can be out of the factory. No aftermarket turbo kit (at all), and all other options give very little bang/buck ratio.
If you want a car you can mod, and want a euro badge, go either the 135i or the VW R32. Some R32s are doing sub 4s with turbo kits - you get the 4wd stability, factory LSD and the hatch comes in 3 door. A second hand R32 is cheaper than a second hand 130i. This advice comes from a 130i driver w/ aftermarket LSD installed.
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| 12-29-2009, 08:51 PM | #28 |
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hi guys ...
sorry its been a while ... I finally went to a dealer and had a test drive of the 125i and few 120i ... I also tried the 123d. Now, I have to say that the 125i and diesel are fantastic in terms of torque and pull ... very nice indeed ... however, the price tags on them are insane ... They have a 120i 2009 model (demo) for sale with full sports pack and Sat Nav console. I am a gadget freak so the console is now a MUST ... however, I could not find any demo or 2nd hand used cars with this setup ( M sports pack and sat nav console) so Im bit stuck. They are asking $56K for it ... and to be honest, I would prol be able to live with it ... it does have nice pull and will be plenty for the missuz ... I wonder now, how much I will be able to haggle it down to ... what do you guys reckon ? how much margin does he have ? |
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| 12-30-2009, 12:30 AM | #29 | |
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These are prices OTR for brand new car. 120i manual sport $52, 739 driveaway. So add sat nav and you have your quoted price. In terms of what I would pay for it, the things I would take into consideration are that it is a used car and is depreciating from day of maunfacture. Dealers are often keen on shifting demo cars as the longer they hold onto them the more money they lose. I would go in at $46k, free first year service and free window tint. I would not pay more than $50k. |
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| 12-30-2009, 02:25 AM | #30 | |
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Going by your original post and this latest one specifically mentioning $45K budget and gadget freak my recommendation would be a used 130i with Navigation. The 130i up until late 2007/early 2008 had many options fitted standard over the 120i such as M Sport package, electric memory seats, lumbar, bi xenons etc. Finding a 2006 or even 2007 one with Nav also fitted shouldn't be very difficult really as many have that option ticked. I have in the past seen the exact spec listed above on enough 130is at or below $45K driveaway price (assuming minimal negotiation). I would be driving one now if I ever managed to find a manual one in the right colour... Other people mentioning 135i is great but I'd buy one too if I could get one for $45K or thereabouts! To me, 135i is way past your preferred budget to even think about. 125i is also likely to be out of range as I know of only two in the past that have gone for just over $50K driveaway and they seemed to be the exception. As you would've seen they list for $60K+ with a driveaway price of $55K+ after haggling. If you're dead keen on the demo 120i I would expect to get virtually 20% off the RRP as you will also find in other posts on this forum for demos in general. Remember also that the car will be "effectively" a year old as of next week meaning that you should be aiming as close to 20% off as possible. Perhaps wait until the January BMW sale to come online and haggle from there. The dealer will have bonuses and kickbacks on the demo stock and won't loose as much as 20% anyway even though they may like you to think that. In reality 10% off a new BMW is achievable if you know what you are doing so keep that in mind too. Lastly, if you are happy with a 120i and can live without Nav then perhaps also consider a 2008 120i convertible. In my eyes that would be a far better choice than the demo 120i hatch. Won't be as quick off the mark due to the extra weight but I'm sure it would have a far superior resale a few years down the track which maybe of benefit on a lease. Prices seem to start in the low $50Ks meaning you should be able to haggle down to $45K range alright. |
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| 12-30-2009, 02:38 AM | #31 |
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thank you very much guys for very informative and insightful posts...
basically I offered the guy $50K (5 year finance, 8% interest rate, 30% residual) for the car to which he said that it is not doable at all as the brand new value is $64K blah blah blah .... I said no worries, thank you ... that was the end of conversation. he might call tomorrow ... we'll see... maybe it will be worthwhile to wait until January 2010 as someone suggested. although.... after reading your posts, I see I should have offered less than $50K ... hmmm ... EDIT: just chcking, when you say 20% off RRP, do you mean the price tag listed price on the car or actual RRP when they put the price together when they price the car ? (ie the demo 120i with sat nav is $56K, brand new is $64K, did you mean 20% off $56K ?) Last edited by Omarko; 12-30-2009 at 01:16 PM.. |
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| 12-30-2009, 03:17 AM | #32 | |
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Another point too is that the import tariff duty is being reduced next week from 10% down to 5% meaning a potential saving of around $1500 - $2000 in real terms for a $50K vehicle but only if the manufacturer chooses to pass on the discount in full. Someone like BMW may elect to not reduce the price at all or adjust the price with extra options made standard instead or even increase the price! Anyway, just another thing to keep in mind. BMW is sure to announce something in the next week or two regarding the tariff to keep up with the competition. If they do reduce the new price then you have yet another bargaining tool. Good luck! |
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| 12-30-2009, 03:37 AM | #33 | |
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why is he telling me that the price of the NEW car is $64K then when in reality its $57K ? |
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| 12-30-2009, 05:32 AM | #34 | |
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Perhaps the car has some less obvious extras that amount to the $64K they quoted. Things like 18 inch alloys (only 17 inches standard on M sport package) are about an extra $1200 or so, alarm for $900, front PDC for $700, heated seats for $700, bluetooth professional for $600 etc...all less obvious options unless you specifically notice them or are made aware of them. The dealership may also have an especially steep dealer delivery fee (ie: greater than the usual $4000!) At the end of the day dealers are pretty much dealers and want to get top dollar. All I can say is research and more research. If the car has only the M sport and Nav optioned then the figures I've quoted are far more realistic than the dealer is providing. Remember that the price they have on the car is not the price that anyone should be paying. The dealer will also bank on the concept that the vast majority of customers want to do a deal and driveaway in their new (or nearly new) car straight away and precious few will endure the long wait to get a new one. In some respects I think that's how they can almost get away with "asking" virtually RRP on near new low km vehicles. I'd ask the dealer for a price list relevant to that state and also the options price list too and then get them to show you how they get to $64K. It's certainly not impossible given a few options fitted. You can probably also find those two price lists from circa May 2009 or thereabouts by searching this forum for earlier threads. I know they are in there somewhere. Pricing was removed from BMWs website sometime around May IIRC due to a change in the legislation for mandatory driveaway pricing. |
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| 12-30-2009, 01:20 PM | #36 | |
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Where it gets complicated its the trade in car, the sell value is probably around $28K and he offered max $26K with no change in the price tag of the 120i ... meaning I would pay total $56K for car + $2K (for what I still owe on my current car) ... I said that is way too high and offered to pay $50K for the car and cover $3K so total lease would be $53K to which he said no. Another thing is, there is NO 120i available anywhere on carsales that has satnav believe it or not so its quite difficult to compare. bummer ... I guess if he is desperate, he will call back .... lets see  btw not sure if I mentioned, it was BMW Canterbury dealer, was dealing with a new sales person who has been there only one week (has been selling cars for 15 years though). Last edited by Omarko; 12-30-2009 at 01:45 PM.. |
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| 12-31-2009, 12:09 AM | #37 |
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well ... no call from the dealer today ... was secretely hoping he will call ...
 hmm ...I'm surprised little bit though ... as going by what you guys are saying, offering $50K was not such a bad deal ... although, maybe he got the shits cause I did say that unless he can offer me $50K deal, don't waste time calling me back (those words but in nice way). |
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| 12-31-2009, 05:06 PM | #38 | |
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You might have to be a little more flexible in negotiating the $$, but George will make the final decision to overide the SA. Purchased my first Beemer from George in 1987 when the dealership was at Hurlstone Park.... |
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| 12-31-2009, 06:22 PM | #39 |
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Thanks for that Zuzu ... I am quite serious about that car but I also want to make sure I pay a fair price. If I dont hear from the dealer by mid next week, I'll call George,
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| 01-05-2010, 01:58 AM | #40 |
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update: well I rang the dealer today ... spoke to the sales person who I was dealing before and said that I am still very interested in the car and politely asked if he had any chance to re-look st the last figures we spoke.
He was not very helpful I must say. After 5 minute conversation where I actually tried to make the sale easier for him from where we were before, he said he will look at the numbers and call me back. This was at 11am ... he did not call back... bit disappointed in the level of service I must say. If this is what they offer now, what can I expect as ongoing service from them in the future? PS: sorry for the rant |
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| 01-06-2010, 12:14 AM | #42 |
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I had a similar situation. I was looking at BMW's for months and making a ton of enquiries, and I heard through the grapevine that at a sales meeting that one of the sales guys said "he's a waste of time; he wants the best car at the best price" and it was agreed not to follow up on me. Of course we are looking for the best car at the best price!
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| 01-06-2010, 03:39 AM | #44 | |
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