Good or Bad Deal on 2009 M3?

[patronM3]

Dealer offering 2009 M3 (new order) with Fox red leather, CWP, PP, 19", Moonroof, Nav, Ipod: $63013 (out the door) for Alpine white or $63500 (out the door) for Sparkling Graphite (Sept -Oct delivery date). What do you guys think about prices? Thanks in advance.

[Howard Jones]

$63,000!

thats a bargain!...well compared to Australia

drive away price here is around $170,000!...or $163,000USD

talk about getting bent over!...fuel is not much better here at $1.70/L, the equivalent of $6.46/G!

[Ronin13]

Originally Posted by patronM3

Dealer offering 2009 M3 (new order) with Fox red leather, CWP, PP, 19", Moonroof, Nav, Ipod: $63013 (out the door) for Alpine white or $63500 (out the door) for Sparkling Graphite (Sept -Oct delivery date). What do you guys think about prices? Thanks in advance.

Coupe or sedan? Is out the door including title/tax/license fees? I haven't seen 2009 pricing announced, but if this is for a sedan and only includes the car price, then 2009 pricing would have to go up quite a bit for the discount to be close to the current 2008 discounts. For example, the AW 2008 car with those specs would have a $63,675 MSRP. Search the forum to see what prices people are currently getting.

[patronM3]

Order is for 2009 Coupe. Out the door price includes tax, title, license fees and BMW floormats ( $149): $63,000.00 for AW, $63500.00 for SG. Thanks

[tha_good_life]

Sounds too good to be true if you ask me...

[patronM3]

Prices have already been negotiated-- Just a matter of me letting SA know which color so he can deposit my down-payment check ($1000.00) and place order. I only negotiate with out the door prices. These dealers never lose money-- it's always a matter of the buyer trying to minimize his/her losses.

[lucid]

Originally Posted by patronM3

Prices have already been negotiated-- Just a matter of me letting SA know which color so he can deposit my down-payment check ($1000.00) and place order. I only negotiate with out the door prices. These dealers never lose money-- it's always a matter of the buyer trying to minimize his/her losses.

To the best of my knowledge, BMW has not announced 2009 prices yet. And there will be a price increase. Porsche is increasing 911S prices by about 3% for 2009. Just make sure that when BMW releases 2009 prices, these guys don't come back and try to tag something onto what you've agreed to.

[patronM3]

Lucid: BMW would be stupid to increase prices the way the economy is going and the ever-increasing price of gas these days. Never-the-less, I see what you are saying. Trust me, that would be a deal breaker. They'll probably try to get me with the extended warranty (which I'll decline anyway). So, do you think the deal is good?

[Ronin13]

Wow! Sounds like a very good deal then.

RE: price increases. Even GM who we know needs sales as bad as any automaker right now is increasing their 09 prices by 3.5% largely on materials cost.

[patronM3]

GM is also giving 0% APR financing to sell their product. the best i've seen BMW offer is 2.9-3.9% APR depending on model and model year. I'll probably call SA tomorrow and give him the Go-ahead on the AW (still torn between the AW & SG).

[Ronin13]

OK. An 08 AW coupe with those specs invoices at $59,975. So... for $3,028 they are absorbing the 09 price increase (could be over 1k) and tax/title/license (not sure what your state's costs are, but 6%+ for me). Do they want to sell another car at the same time?

[patronM3]

Ronin: I just purchased a 2008 X5 (3.0) loaded for my wife-- MSRP $57800. Got it for $37,000.00 (out the door with trade-in ($20,000.00). So, they may be giving me this deal as a recent and repeat customer. They probably would do $65,000-66,000.00 out the door (depending on options). I'm still working with a few other dealers ( bidding war), so i'll let you know details if interested.

[MXrider38]

Can I ask what dealer this is? I will be ordering an 09 an if they are within reasonable distance will make the trip.

[lucid]

Originally Posted by patronM3

Lucid: BMW would be stupid to increase prices the way the economy is going and the ever-increasing price of gas these days. Never-the-less, I see what you are saying. Trust me, that would be a deal breaker. They'll probably try to get me with the extended warranty (which I'll decline anyway). So, do you think the deal is good?

MSRP for a 08 model comes to 64325 with destination. If I remember correctly GG is 1300, which brings it to 65625. With registration and licence, it's probably like 66000. I don't know what the sales tax is where you live. So, 63500 sounds like a pretty good deal for a MY09 car.

BMW already bumped up the prices slightly in the middle of this model year. I've never witnessed such a thing. And they always increase prices in between model years. I'd say MY09 price increase is a sure thing, but it's not clear by how much. Anyway, as long as they'll stick to their current offer, this looks like a good deal to me, but do ask around.

My only suggestion is to get the tech package since you are already going to get navigation. Well worth it IMO.

[patronM3]

Thanks. I'll look into the tech package. Sales tax in Va. is 4.5%. I do think the deal is good, but since I'm in no rush and car won't be available until late Sept.-Oct. I'll still be looking around-- there are some great deals out there, just have to be patient.

[hellrotm]

Originally Posted by patronM3

GM is also giving 0% APR financing to sell their product. the best i've seen BMW offer is 2.9-3.9% APR depending on model and model year. I'll probably call SA tomorrow and give him the Go-ahead on the AW (still torn between the AW & SG).

You will not be getting 2.9-3.9% rates on a M-model.

BMW Finance are higher on M-modes, something like 5.9%. Better to go with an outside financial firm.

Your getting a good deal.

Alpine white, Fox leather, CWP, PP, 19, Nav, Ipod

$61,675
+$1,300 gas guzzler
=$62,975 (not including tax, license, doc fee, registration)

You better get that in writing.

[BMoney]

Car sales tax in VA is 3% not 4.5%

[patronM3]

$62975 plus $825( destination) about $63800. Invoice is about $59000-60000.
Va. car sales tax 3%, looking at financing at 4.2-5.0% APR. Just can't seem to decide between AW & SG-- AW almost seems too common.

[lucid]

Originally Posted by patronM3

Thanks. I'll look into the tech package. Sales tax in Va. is 4.5%. I do think the deal is good, but since I'm in no rush and car won't be available until late Sept.-Oct. I'll still be looking around-- there are some great deals out there, just have to be patient.

These are great times to buy a new or a used car. Both markets have taken huge hits because of the economy.

[Seth_Horwitz]

Originally Posted by patronM3

Prices have already been negotiated-- Just a matter of me letting SA know which color so he can deposit my down-payment check ($1000.00) and place order. I only negotiate with out the door prices. These dealers never lose money-- it's always a matter of the buyer trying to minimize his/her losses.

Paying a deposit with a check is a big mistake. If you use a credit card, you can always get your funds back, and most dealers won't even try and play games. You won't get that response with a check. I know you're thinking that you will purchase the car with certainty, but I was there two weeks ago (months after my order, with the car already in production) before my bond fund got transferred back to New York City, which is a butcher shop for cars. Needless to say, there's a beautiful DCT en-route to my dealer that I will not be picking up.

[patronM3]

Spoke to SA today-- Now states that they don't have production date opening on MY2009 M3, but could get me 2008 M3 (as ordered) by end of september for $63500.00 (out the door). 2009 M3 would be around October and 6-8 weeks delivered after that (for $65,000.00 out the door)! Told them to place order for 2009 M3 as previously ordered and gave $1000 deposit with CC. Needless to say: bidding war continues!