Before purchasing a vehicle at an Oak Park BMW Dealer, there are a number of things you should know. Customers interested in buying a car need to consider several factors prior to making their purchase. There are several questions that should be answered before entering any dealership. It is important to be prepared with a list of questions and concerns prior to your visit. The more research you do up front, the easier your buying transaction will be.
One of the basic questions a consumer must ask themselves is if they are going to lease or buy their vehicle. There are pros and cons on each side. People who lease generally like to have a new car every few years. Buying a car entails either paying cash for the full cost of the vehicle or financing the costs.
The amount of miles you drive the car will not factor into the buying price. But with a lease, consumers will pay for only a portion of the vehicle’s cost. This portion of the vehicle is what the driver uses during the time they drive the car. With a lease, consumers are basically paying the depreciation on the car. When the lease ends, the consumer will have two choices. They can surrender the vehicle back to the leasing company or dealership or the consumer has the option to buy the vehicle at the end of the lease.
Consumers will also need to consider whether they are buying a new car or used car. There are several options with used cars, especially when they are luxury vehicles. Most dealerships will stand behind their used vehicles with certified inspections of their cars. This assures the buyer that they are getting a quality vehicle. It is important to have a good warranty when purchasing a used car. Luxury used cars hold their value for a very long time.
It is always nice having a new car, however the value of the car depreciates as soon as it is driven off the lot. When buying a luxury new car, it is important to know how much you want to spend on the car. It is also important to know the features you must have and those that you can live without. Knowing this beforehand will help you not to overspend once at the dealership. Sales people are trained to get you to spend as much money as they can.
Consumers should know the following prices; invoice, base, sticker and dealer price. When you are equipped with this information, you will more likely get a better price when buying the car. The more information you have, the better your bargaining position. The invoice price is what the manufacturer charges the dealer. The invoice price is usually lower than the dealership’s price because of the special rebates and discounts which are passed on to the consumer.
The base price is the stripped down price of the car. This is the price without any special options. It does however include standard equipment, the factory warranties and freight costs. This is the price that is printed on the sticker.
Now let’s consider the sticker price. The sticker price appears on a label affixed to the car window and is required by federal law. This price reflects the base price with the manufacturer installed options and the suggested retail price. It also includes costs such as transportation and fuel. It is prohibited by law for anyone but the purchaser of the car to remove the label.
The dealer sticker price is the actual sticker price including installed options, dealer mark-up, additional dealer profit and other dealer preparation on the car. There is a lot to consider with purchasing a vehicle at the Orange County BMW dealership. But an informed consumer is better equipped to get the best deal.



Helio Castroneves cant seem to catch a break. Having already been 78 points behind Scott Dixon with only 3 races remaining, he has hit yet another MAJOR snag in his pursuit of the IndyCar Series Championship.