I remembered the M3 were sitting in many dealers lot right across the country due to the 2008 world wide financial crisis. I was in the market looking for one at that time, remembering BMW Canada were offering $5000 rebate (unheard of at any time) and plus whatever you can get off from the dealer, therefore, I am not surprised with your huge discount.
Another example I remembered back in 2008 was Nissan were offering if you buy a 370Z, the dealer will throw in a Versa in for FREE. I had never seen such giveaway ever.
Originally Posted by py0413
Looks like the dealers here on the west coast having problem moving their 2012 M5s as all the dealers I have called/contact have multiple M5s in stock. They all promise VERY GOOD deals, but I am curious to see what they can do without factory incentives to help them making moves. In 2008, I waited until the last day of OCT and scored a great deal on my M3 (got nearly $8k off with 0.9% finance). I am willing to wait and see what will happen.
Congratulations to your M5 purchase and now just go ahead & enjoy it!