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04-10-2007, 06:59 AM | #1 |
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Dealer wants me to order today and increase deposit - help!
I'm confused - my dealer states they get 5 cars a year (seems too few, what do you think?). I was hoping to get a manual car then chop it iun for a SMG (or ZMT- or whatever it's called in march). But dealer said it has to be either a manual car in sept or the trick gearbox in March 08. I just can't decide what to do - any help apprciated.
The price in UK is £50625 gulp!, this includes leather and sat nav, but only 18 wheels. Also they want the deposit increased to £5000 - seems alot to me - why if the car is so in demand should the depsoit be increased so much???? Thanks for any input. Regards Mark |
04-10-2007, 07:02 AM | #2 |
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So, you want all of us to decide what tranny you should get?
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04-10-2007, 08:17 AM | #4 |
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Hmmmmmmmmmmm - not as much help as I was hoping for. Yep Epacy - I'm trying to get an idea of which tranny will be most popular. I thought the e46 manual was a poor box, but would expect the new box to be much improved. Drove a VW DSG and thought it was a little boring, but then again it was a diesel. It's difficult to spec a car that has no reviews to follow. What would you choose if you where speccing today - and why? Thank Mark. PS thank big fra - very useful
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04-10-2007, 08:23 AM | #5 |
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I suspect the deposit increase is to sort out the serious from the spurious. As for what to do? I personally think it is kind of foolish to get the manual then trade it in for automanual a year from now. You've waited this long, why not just wait a little longer and get the car you want?
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04-10-2007, 08:57 AM | #6 | |
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Ive still got my name as first on the list at my local dealer and ive had no request for extra cash yet |
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04-10-2007, 09:44 AM | #7 |
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Took this info of another forum for your info
I have just called the dealer and had a chat. They had all the information to hand and ran over everything with me. We agreed on many points. The dealer KNEW already what customers were going to be concerned about. Was a very interesting conversation. Bottom line is that next week they will be writing to customers on their list asking for a substantial sum of cash to secure their place on the waiting lists. Salesman said the final amount is down to his boss (then asked his boss) but likely to be £5,000 (inc deposit already placed). I've left my deposit in place for the moment, but have no intention of handing over £4,500 next week at this point in time. |
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04-10-2007, 09:57 AM | #9 |
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I've had £1000 down since Xmas 2005 and heard nothing from my dealer yet. Sounds like next week I might. Are leather and Sat Nav the only standard UK options then ? what about metallic paint, etc. Is the UK spec sheet out now then if formal orders are being taken ?
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04-10-2007, 10:02 AM | #10 | |
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Patience is good...
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Enjoy your ride today ........ K. |
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04-10-2007, 01:33 PM | #11 | |
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Here is the info the dealers have received: http://www.connectxt.co.uk/E92_dealer_info.pdf The reason why the deposit is up to £5k is due to the messing around that occured with the CSL orders back in 2003. Since then BMW has mandated dealers to confirm they have received a substantial deposit from every customer on the order list for major M Division cars. |
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04-10-2007, 01:47 PM | #12 |
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WOW!!!! You Scotsman are impossible to understand even when you type
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04-10-2007, 04:35 PM | #13 |
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For anyone who is going to put down so much in a deposit, I'd suggest that you negotiate with the dealer that they pay you interest accrued on that money by the time you get the car. If you are talking about dealers asking you for almost US$10K that is a lot of money and if you decide to actually get the car, which I assume you want, you have no idea when it will be. You could have that money locked up for at least 9 months, and more likely more. Time value of money is something most people don't think about when it comes to putting down deposits on cars because usually its only a small amount of money and not necessarily for a long amount of time. But we don't officially know when the M3 is actually going to be coming out, and US$10K is a lot of money = the dealer can put that money in an account, take the interest for itself, and make money off of you even if it gives you back your deposit because you don't want the car, or because it only applies the principal of the deposit to the purchase price, and not the interest it made off of your money. Don't get screwed.
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04-10-2007, 04:53 PM | #14 | |
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Excellent point.
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04-10-2007, 07:23 PM | #15 |
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i guess asking for 5000 quid as new down payment seems reasonable if dealer is actually trying to figure out the serious from not serious buyers. i guess i would (will) do it. but considering that is now getting to be a heafty amount of jack that they have of your money, i'd tell (or at least try) them they need to compensate you for the lost interest on 5000 for 6 months (or however long they have it). i mean the interest on that much jack for 6 months is over 200 quid by itself...
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04-11-2007, 12:02 AM | #16 |
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At first, i was like wtf? Then i read it in a scottish accent - fooken hilarious!
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04-11-2007, 04:37 AM | #17 | |
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To be honest I am really quite glad that they have adopted this approach, I was mucked about when I bought my M3 CSL in 2003 (which is why they have now taken this approach). At the time I was 2nd on the list at my dealer and was told that I wouldn't get a car due to the demand there had been. After kicking up a major stink and speaking to the Director of Sales within BMW GB itself I managed to get a car made available (after lots of letters and phonecalls). Then within the space of a few weeks all the speculators vanished and there were plenty available. At the time, BMW GB were likewise petitioning Munich to provide them with 200 additional cars, because so many customers were angry at being excluded from buying one. So I almost didn't get a car, but wasted lots of time trying to find one, and BMW almost ended up with even more egg on their faces ordering more cars for customers that didn't really exist. Hopefully people who are less than serious will be dissuaded resulting in a more balanced and predictable supply/demand. Cars will still be available, but ideally there will be less over-supply. Unfortunately there will be a few casualties, genuine customers who will feel that £5k really is too much deposit, but overall I think it will be better for most genuine customers. |
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04-11-2007, 07:51 AM | #18 | |
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A - An alternative to paying dealer mark-up on a hot new car (assuming dealer will sell it to you for MSRP) B - A worthy investment vs. depreciation considering how early in the model year you'd get your car. (example - 2003 M3 w/50k miles is worth ~30k. The guy that picked his up in late 2002 will have suffered less depreciation than the guy that picked his up in summer 2003).
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04-11-2007, 08:07 AM | #19 |
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So, if US M3 doesn't come out till Feb/Mar, will it be an 09?
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04-11-2007, 12:23 PM | #20 |
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04-11-2007, 01:48 PM | #21 |
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[QUOTE=Steved;852686]It's standard practice when ordering a Ferrari, and no you don't get interest on the deposits they hold.
Easy buddy we are not speaking about a very limited production Italian exotic here |
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04-11-2007, 04:30 PM | #22 |
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