M3 price (invoice vs MSRP)

[lazerborg]

Hi guys,
I'm getting close to buying a 2011 M3, and was wondering what your experiences have been with pricing on new M3s. I know both the invoice and MSRP of the car I'm looking at, as well as the "what people are paying" price according to Edmunds (about 1.7k below MSRP, 4.2k above invoice). My question is, what can I reasonably expect to get as a price on this car? I know that this varies from dealer to dealer, and from car to car, but in general, what should I be shooting for? I've heard people on forums saying they payed just over invoice, which would be great.
Finally, I'm looking at the car for a two-year lease, not as a purchase, but this shouldn't change negotiations too much, should it?
Thanks!
P.S. I've been looking at lease rates on BMW North America, which look great, but when I got a quote from the dealer, the rate was considerably higher; even without taxes figured in. Has this been your experience, or are they asking too much?

[kaykay]

Hey,

You should browse the "New and Preowned M3 Pricing, Ordering, and Tracking / Dealer Reviews" forum. Lot's of great information on pricing, leases, invoice, etc. in there.

Typically, anywhere from $500 - $1,500 over dealer invoice is a great deal and very common around these forums. Most dealers are aware of the going rate of these cars. This also depends on a few factors: build slot availability, the number of dealerships in your area, etc. Here in Southern California we have 25 dealers within 25 miles and you see $500, $800, $1000 over invoice without a sweat.

Some people will complain and moan for a few hundred bucks on deals, but the MOST important aspect of any deal that involves a large purchase such as a $75k car is how you are treated and taken car of POST SALE.

Buying from a dealer which is neither local nor reasonable for a $500 savings is not a wise move. Buy from a dealer where you have a relationship, or in your case are just establishing one, a dealer that will take your calls, provide loaners, pickup your car, provide you with stellar service and not nickel and dime you on everything for the period that you own the car.

I would have gladly paid $2,000 over invoice to my dealer for the stellar service I receive compared to SO MANY dealerships that just don't care about you or your car. Which is terrible and should certainly not be the way business is done.

Good luck

[Leonardo629]

like what kaykay said...getting $500~$1500 is not a problem, often times, negotiations are not even needed. What eventually kills the deal is your credit score..and if you have a history of financing or leasing a luxury brand like BMW/Merc/Audi...

[///Mperative]

Originally Posted by kaykay

Hey,

You should browse the "New and Preowned M3 Pricing, Ordering, and Tracking / Dealer Reviews" forum. Lot's of great information on pricing, leases, invoice, etc. in there.

Typically, anywhere from $500 - $1,500 over dealer invoice is a great deal and very common around these forums. Most dealers are aware of the going rate of these cars. This also depends on a few factors: build slot availability, the number of dealerships in your area, etc. Here in Southern California we have 25 dealers within 25 miles and you see $500, $800, $1000 over invoice without a sweat.

Some people will complain and moan for a few hundred bucks on deals, but the MOST important aspect of any deal that involves a large purchase such as a $75k car is how you are treated and taken car of POST SALE.

Buying from a dealer which is neither local nor reasonable for a $500 savings is not a wise move. Buy from a dealer where you have a relationship, or in your case are just establishing one, a dealer that will take your calls, provide loaners, pickup your car, provide you with stellar service and not nickel and dime you on everything for the period that you own the car.

I would have gladly paid $2,000 over invoice to my dealer for the stellar service I receive compared to SO MANY dealerships that just don't care about you or your car. Which is terrible and should certainly not be the way business is done.

Good luck

+1,000,000

[M3 Esq]

Check out this thread.

http://www.m3post.com/forums/showthread.php?t=346708

FWIW, I recently had a deal for $500 over invoice from one dealer, the deal fell through, and I got $500 over from a second dealer. In this market, you should be able to do quite well (meaning $750 over and below without much hassle). Good luck!

[GOLFFRR]

Originally Posted by McLoven

Check out this thread.

http://www.m3post.com/forums/showthread.php?t=346708

FWIW, I recently had a deal for $500 over invoice from one dealer, the deal fell through, and I got $500 over from a second dealer. In this market, you should be able to do quite well (meaning $750 over and below without much hassle). Good luck!

yes def check this thread. Im sure there are some guys around your area that posted their deals and where they got the deals from.

[lazerborg]

Thanks for the help guys.
@leonardo, my credit score is "excellent," but I've never leased something this expensive before... will that really be a problem?

[Leonardo629]

It won't be a problem if your score is excellent, BMW financial services will still accept you...but you may need a big down payment upfront.

Things will get easier once you establish yourself with BMWFS.

I say try to negotiate your desired $xxx over invoice with a client adviser first...then have him/her run your credit.

Originally Posted by lazerborg

Thanks for the help guys.
@leonardo, my credit score is "excellent," but I've never leased something this expensive before... will that really be a problem?

[TurboFan]

Originally Posted by kaykay

Hey,

You should browse the "New and Preowned M3 Pricing, Ordering, and Tracking / Dealer Reviews" forum. Lot's of great information on pricing, leases, invoice, etc. in there.

Typically, anywhere from $500 - $1,500 over dealer invoice is a great deal and very common around these forums. Most dealers are aware of the going rate of these cars. This also depends on a few factors: build slot availability, the number of dealerships in your area, etc. Here in Southern California we have 25 dealers within 25 miles and you see $500, $800, $1000 over invoice without a sweat.

Some people will complain and moan for a few hundred bucks on deals, but the MOST important aspect of any deal that involves a large purchase such as a $75k car is how you are treated and taken car of POST SALE.

Buying from a dealer which is neither local nor reasonable for a $500 savings is not a wise move. Buy from a dealer where you have a relationship, or in your case are just establishing one, a dealer that will take your calls, provide loaners, pickup your car, provide you with stellar service and not nickel and dime you on everything for the period that you own the car.

I would have gladly paid $2,000 over invoice to my dealer for the stellar service I receive compared to SO MANY dealerships that just don't care about you or your car. Which is terrible and should certainly not be the way business is done.

Good luck

I agree to a point, but my local dealer (only one in the state) wants MSRP for an M3, AND they treat you like crap. So I'm headed out of town for my X5 and my [M3 / 550, not sure]. I'll deal with service issues when I need them. They have to honor the BMW warranty. As far as loaners go, they bill those to BMW as well.

[outie]

Originally Posted by lazerborg

Thanks for the help guys.
@leonardo, my credit score is "excellent," but I've never leased something this expensive before... will that really be a problem?

It's unique to every individual. You may have a good score but without much history w/ large loans. Only the dealer/BMWFS can tell you after running your credit.

[Dice13]

Originally Posted by TurboFan

I agree to a point, but my local dealer (only one in the state) wants MSRP for an M3, AND they treat you like crap. So I'm headed out of town for my X5 and my [M3 / 550, not sure]. I'll deal with service issues when I need them. They have to honor the BMW warranty. As far as loaners go, they bill those to BMW as well.

I am not sure about dealer billing BMW for loaner cars. I do know they do not have to give you a loaner as I asked this question to many dealer's . Most all dealers give you a loaner because you are there customer.

[///Mperative]

Originally Posted by Dice13

I am not sure about dealer billing BMW for loaner cars. I do know they do not have to give you a loaner as I asked this question to many dealer's . Most all dealers give you a loaner because you are there customer.

You're wrong. BMW requires dealers to have a certain number of late model BMW loaners available for customers having their cars services. My local dealership has approx. 30 BMW loaners at any given time. And, BMW definitely pays for the loaners (when work being done is under warranty), otherwise the customer pays for the loaner in most other cases.

[kscarrol]

Originally Posted by TurboFan

I agree to a point, but my local dealer (only one in the state) wants MSRP for an M3, AND they treat you like crap. So I'm headed out of town for my X5 and my [M3 / 550, not sure]. I'll deal with service issues when I need them. They have to honor the BMW warranty. As far as loaners go, they bill those to BMW as well.

This is so true. For you guys in big markets (CA, NY/NJ), $500-$1000 over invoice is easy. For those of us in smaller markets with one dealer, not so easy. Ultimately the deal from a big market dealer will offset any travel or transportation expenses involved but then some dealers treat you like sh*t if you have not purchased from them. And yes, they have to honor the warranty but they can still make life difficult. I am a regular buyer from my dealer and easily get an appt whenever I need it along with loaners. I could save $500 buy shopping around but in the end I am happy with my dealer and my deal.

[Dice13]

Originally Posted by andrewlef

You're wrong. BMW requires dealers to have a certain number of late model BMW loaners available for customers having their cars services. My local dealership has approx. 30 BMW loaners at any given time. And, BMW definitely pays for the loaners (when work being done is under warranty), otherwise the customer pays for the loaner in most other cases.

Sorry for misinformation . So that means any dealer you service your car at under warranty with must give you a loaner. If you break down and have it towed too dealer, all they need to say is they have no loaners. Does that mean they Must rent you a car. Every dealer I asked said they don't do loners unless car was brought through them. That's why I don't trust dealers.