Is 10% considered ok for a 09 M3 right now? Should I push for more?

yalag · 10-19-2009, 02:36 PM

I'm about to get an 09 M3 from the dealer, he's beeing bugging me about it all week and wants me to put down an offer. How much should I push for with the offer? 10%? 15? This is a fully loaded M3 white coupe (DCT, EDC, MDrive, Nav, Leather, etc etc).

mphatic · 10-19-2009, 02:47 PM

Not sure what you mean by 10%? Is it brand new sitting on his lot. What is he asking?

yalag · 10-19-2009, 02:53 PM

It's brand new sitting on this lot. Keeping in mind these are CAD prices, the car totals to 105000 MSRP with taxes etc. I'm asking for 10% off (-10500) + 4000 cash incentive. So I'm offering 90000. Is this reasonable, or am I just being retarded?

Keeping in mind that this is a 09 car, which is basically 1 year old (I presume)

UltimateBMW · 10-19-2009, 03:07 PM

If I were you, I'd drive down to Buffalo and buy a 2010 M3 from the US side for $65k USD. Much cheaper.

yalag · 10-19-2009, 03:59 PM

Quote:

Originally Posted by UltimateBMW

If I were you, I'd drive down to Buffalo and buy a 2010 M3 from the US side for $65k USD. Much cheaper.

I wish it was that easy, there are lot of hidden fees and procedures

mphatic · 10-19-2009, 04:01 PM

If you can't follow Ultimate's advice, I would suggest you work up from invoice not down from MSRP. This is a leftover so while I don't know the market demand in Canada, I would think that close to invoice is more reasonable than anywhere near MSRP.

Bostonaholic · 10-19-2009, 04:01 PM

Quote:

Originally Posted by UltimateBMW

If I were you, I'd drive down to Buffalo and buy a 2010 M3 from the US side for $65k USD. Much cheaper.

Not as easy as it sounds. Let alone the possible criminal charges OP could face.

Dieselino · 10-19-2009, 04:28 PM

Its very easy if you do the research and not a criminal offense if you pay all the duty and taxes. Especially with the current exchange rate. Figure you find a car you like in the USA for $65K add 13% for GST and PST, then another 6.1% duty and about another $1000 for some filing fees and to convert the car into Canadian spec. Exchange rate is only 2% difference now. Total would be almost exactly $80000 Canadian all said and done. Even if you buy the car for $80,000 Cdn and pay 13% tax you are at $90,000 which is 10k more.

yalag · 10-19-2009, 04:29 PM

Quote:

Originally Posted by mphatic

If you can't follow Ultimate's advice, I would suggest you work up from invoice not down from MSRP. This is a leftover so while I don't know the market demand in Canada, I would think that close to invoice is more reasonable than anywhere near MSRP.

What do you mean by "invoice"?

Big Windy · 10-19-2009, 04:33 PM

Quote:

Originally Posted by yalag

What do you mean by "invoice"?

invoice= what the dealer pays for the car

10-19-2009, 04:56 PM

Quote:

Originally Posted by Big Windy

invoice= what the dealer pays for the car

when people say "invoice" do they just mean the base price for the vehicle or does this mean invoice for the car with all the options?

I am asking because I am curious how the dealership is making $$$ if they are selling car at "invoice."

asukadc · 10-19-2009, 09:00 PM

i'd go by the invoice chart first..

UltimateBMW · 10-20-2009, 09:00 AM

They still make money off selling cars at invoice if they are a higher volume dealership. Also, most would suggest you negotiate upwards from invoice, not downwards from MSRP.

yalag · 10-20-2009, 09:22 AM

where can we find out the invoice price for m3?

Optherion · 10-22-2009, 06:08 PM

I bough mine at $250 over invoice. I consider that a great deal. I think it came out to about $5,000 off msrp. I also got 0 percent financing.

10-19-2009, 02:36 PM	#1
yalag Private First Class 18 Rep 115 Posts Drives: M3 E92 Join Date: Oct 2009 Location: Toronto iTrader: (0)	Is 10% considered ok for a 09 M3 right now? Should I push for more? I'm about to get an 09 M3 from the dealer, he's beeing bugging me about it all week and wants me to put down an offer. How much should I push for with the offer? 10%? 15? This is a fully loaded M3 white coupe (DCT, EDC, MDrive, Nav, Leather, etc etc).
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10-19-2009, 02:47 PM	#2
mphatic Private First Class 1 Rep 136 Posts Drives: 09 E92 M3 SG & FR Join Date: Oct 2009 Location: Southern CT iTrader: (0)	Not sure what you mean by 10%? Is it brand new sitting on his lot. What is he asking?
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10-19-2009, 02:53 PM	#3
yalag Private First Class 18 Rep 115 Posts Drives: M3 E92 Join Date: Oct 2009 Location: Toronto iTrader: (0)	It's brand new sitting on this lot. Keeping in mind these are CAD prices, the car totals to 105000 MSRP with taxes etc. I'm asking for 10% off (-10500) + 4000 cash incentive. So I'm offering 90000. Is this reasonable, or am I just being retarded? Keeping in mind that this is a 09 car, which is basically 1 year old (I presume)
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10-19-2009, 03:07 PM	#4
UltimateBMW Brigadier General 399 Rep 3,288 Posts Drives: MP4 Join Date: Dec 2006 Location: South iTrader: (0)	If I were you, I'd drive down to Buffalo and buy a 2010 M3 from the US side for $65k USD. Much cheaper. __________________
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10-19-2009, 04:01 PM	#6
mphatic Private First Class 1 Rep 136 Posts Drives: 09 E92 M3 SG & FR Join Date: Oct 2009 Location: Southern CT iTrader: (0)	If you can't follow Ultimate's advice, I would suggest you work up from invoice not down from MSRP. This is a leftover so while I don't know the market demand in Canada, I would think that close to invoice is more reasonable than anywhere near MSRP.
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10-19-2009, 04:28 PM	#8
Dieselino Captain 47 Rep 613 Posts Drives: 03 LSB M3 06 M coupe 08 M3 SG Join Date: Apr 2007 Location: Detroit iTrader: (2)	Its very easy if you do the research and not a criminal offense if you pay all the duty and taxes. Especially with the current exchange rate. Figure you find a car you like in the USA for $65K add 13% for GST and PST, then another 6.1% duty and about another $1000 for some filing fees and to convert the car into Canadian spec. Exchange rate is only 2% difference now. Total would be almost exactly $80000 Canadian all said and done. Even if you buy the car for $80,000 Cdn and pay 13% tax you are at $90,000 which is 10k more.
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10-19-2009, 09:00 PM	#12
asukadc New Member 0 Rep 22 Posts Drives: 2005 AW M5 Join Date: Apr 2009 Location: Socal iTrader: (0)	i'd go by the invoice chart first..
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10-20-2009, 09:00 AM	#13
UltimateBMW Brigadier General 399 Rep 3,288 Posts Drives: MP4 Join Date: Dec 2006 Location: South iTrader: (0)	They still make money off selling cars at invoice if they are a higher volume dealership. Also, most would suggest you negotiate upwards from invoice, not downwards from MSRP. __________________
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10-20-2009, 09:22 AM	#14
yalag Private First Class 18 Rep 115 Posts Drives: M3 E92 Join Date: Oct 2009 Location: Toronto iTrader: (0)	where can we find out the invoice price for m3?
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10-22-2009, 06:08 PM	#15
Optherion Lieutenant 46 Rep 516 Posts Drives: Prancing Horse Join Date: Jun 2009 Location: SoCal & Vegas iTrader: (0)	I bough mine at $250 over invoice. I consider that a great deal. I think it came out to about $5,000 off msrp. I also got 0 percent financing. __________________ Current Stable: 6 Drivers + 5 Projects
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