A good deal???

[Acepilot01]

Hey guys im new to the forum and i plan on buying a 09 e92 m3 coupe in a week or two. I am concerned about something and i need some input. The m3 that i want is priced for 73,820, and i have a cashiers check for 60,000 do you guys thing the dealer would go with the deal?

[Montoya]

Cash is always a good incentive, but it's all the same whether it's a bank draft, cashier's check, lease deal etc. At the end they need to make a profit. I would have a plan B in place and plan to do some negotiating.

[Acepilot01]

Yea its a cashier's check but thanks for the input

[Silvertige]

Doubt it. Someone on here got 500 or so off invoice for an ordered "stripped" M3. But what you want is a few thousand off invoice. Doesn't seem likely as there aren't any dealer incentives that I'm aware of that would get you 13,000 off.

[Nawaaz]

Don't pay more than $65K out the door.

[Acepilot01]

I looked at the thread that sticky posted with the invoice prices and my calculations came out to 63,805 so should 65k should do it?

[MrHarris]

73k msrp, 65k out the door. If you can pull this off you got a heck of a deal (2009).

[M3PGH]

Originally Posted by MrHarris

73k msrp, 65k out the door. If you can pull this off you got a heck of a deal (2009).

+1

[Crazy Bimmer]

Originally Posted by Nawaaz

Don't pay more than $65K out the door.

That would mean he would be buying the car for around 3k under invoice.

Assuming tax alone is over 4k. $65k OTD might not happen right now.

Shoot for $63,500 for the car then add TTL.

[Acepilot01]

I have a relative that owns a tag and title place so that wouldnt be a problem but how much would the price change if i opted for ED or PCD?? i kno that i would have to come out of pocket on the side for airfare n stuff.

[Samifumi]

Originally Posted by Acepilot01

Hey guys im new to the forum and i plan on buying a 09 e92 m3 coupe in a week or two. I am concerned about something and i need some input. The m3 that i want is priced for 73,820, and i have a cashiers check for 60,000 do you guys thing the dealer would go with the deal?

No way the dealer goes for that deal. It doesn't matter to them if you have a $60,000 cashier's check. They can get that amount plus some in guaranteed funds from a financial institution, which is what will happen when they assign rights to payment under the contract. After all is said and done, the dealership isn't the institution financing the transaction.

[Nawaaz]

Originally Posted by Jesal@Project 808

That would mean he would be buying the car for around 3k under invoice.

Assuming tax alone is over 4k. $65k OTD might not happen right now.

Shoot for $63,500 for the car then add TTL.

Still, shoot for $65k out the door.

[spectrumphoto]

Actually having the dealership know that it is going to be a cash deal is not an incentive at all and could very well be a deterrent to giving you the best deal on a car.

Reason being is that for every financing deal that a dealership does they make a percentage of profit from originating that loan. (Commonly called "Back End") If the manager knows that he is not going to get anything on the "Back End" of the car sale then where is his incentive to give you a little more off of the "Front End" of the deal to get the car sold.

So, though you may have a check in hand.... work your deal like it is going to be financed through them then once numbers are made, agreed and settled upon bring in that you are going to opt to just pay cash.

[Acepilot01]

Thanks for the input, I guess if all else fails i can talk to david at Russel BMW

[Shake-N-Bake]

I def feel David is your best way to go. I ordered my car for ED through him and it came out to be just about 64k out the door for a almost fully loaded e92, the only thing I didn't get was the rims and the enhanced stereo system. He sells the car and any options you want at invoice. I hope this helps.

[MeccaM3]

I just bought an 09 e92 M3. Sticker was $68,775. I paid $60,800 and he paid the last 2 payments on my leased 328i which equaled about $825. So I actually paid just under $60k. TTL came out to around $5,000 so I financed around $65,000. I put $0 down and got the 2.9% from bmw financial. Payment is $878 a month for 5 years with a balloon payment of around $20,000 at the end of the 5 year term. Total payments are $72,680. $7,600 in interest to borrow $65,000 for 5 years isn't bad IMO.


Cash doesn't mean anything.