2008 M3 Purchase Help

steele_kennett · 04-23-2009, 10:22 AM

Hello all. I'm new here but, after looking at the content of this site I figured this would be the best place to ask for help. I think I may have missed the boat on the "almost free" purchase of a 2008 e93 M3 unless of course the sales guy is trying to rob me. Can anyone here offer some sound advice? Here is the email I just received from him:

Hello Steele:

Here we go. On the 2008 M3 Convertible we will break it down as such. $75,170 M.S.R.P. I can either take $11,000 off or show it on your trade. With $3000 out of pocket, you payments over a 60 month period at 2.9% will be $1,322. On a 36 month lease, you payment would be $1,483 monthly.

The payoff on your 2008 335 coupe is $40,143.69. It appraised for 31k. We can make up the difference with the discounted price.

1MOREMOD · 04-23-2009, 10:44 AM

i thought the 09's were getting .9 now and the 08's 2.9?

steele_kennett · 04-23-2009, 10:49 AM

Quote:

Originally Posted by chriszeh

i thought the 09's were getting .9 now and the 08's 2.9?

I believe that is true, yes.

Crazy Bimmer · 04-23-2009, 10:52 AM

Im pretty sure there is no 2.9% for 08s. Might want to check on that.

09s are 2.9% btw. http://www.bmwusa.com/Standard/Conte...r/Default.aspx

Technic · 04-23-2009, 10:53 AM

Quote:

Originally Posted by chriszeh

i thought the 09's were getting .9 now and the 08's 2.9?

The '09 M3s are still at 2.9%...

WangTa · 04-23-2009, 11:05 AM

Quote:

Originally Posted by Technic

The '09 M3s are still at 2.9%...

Yep, for all M3 models. Would be sweet if this dipped to 0.9% again...would be all over it like a fat kid and cake.

DaFool · 04-23-2009, 11:08 AM

Yer being robbed, IMO.

If that's an 08 E93 M3...they're discounted HEAVILY right now. I've seen plenty go for around $58k. If it's an 09, you're getting a really nice discount.

This is what I would do.

1) Negotiate the price of the car by itself.

2) Negotiate your trade in

3) On the purchase sheet, it should show the negotiated price of the car, less your trade in (or I guess an adder if you owe).

Hope that makes sense.

steele_kennett · 04-23-2009, 11:17 AM

It is for an 08 e93 m3. I currently have a 08 e92 335i under lease with these guys. I have just over 17k miles on the car. When I took my 335i in for service a couple of days ago I saw this black e93 and fell in love. So, I'm just crunching numbers here to see if I can get a deal. With his first email on the subject I just can't justify it. Not after seeing so many others on this forum get the same car for $800 - $1000 a month.

Ericterps · 04-23-2009, 11:59 AM

If you are buying from BMW of SA, you wont get the smoking hot deals that everyone else is talking about. I called them a month ago and the salesman told me all of their cars are paid for (no floorplan financing so they dont pay monthly interest charges) so they will not be as desperate to sell the cars as other dealers who are paying hundreds or thousands a month for each car sitting. Just my $.02 - but 11 k is probably the max they will go down. It includes the 7500 rebate and then the 3500 in dealer profit. You probably could beat them up for another grand or two, but thats it.

steele_kennett · 04-24-2009, 01:04 PM

Thanks for all the advice guys. Turns out my payments with the negative equity on the 335i will be $1,419/month. Maybe I can join you all in M3 bliss in a couple of years. Cheers!

04-23-2009, 10:22 AM	#1
steele_kennett Registered 0 Rep 4 Posts Drives: 2008 335i Join Date: Apr 2009 Location: San Antonio, TX iTrader: (0)	2008 M3 Purchase Help Hello all. I'm new here but, after looking at the content of this site I figured this would be the best place to ask for help. I think I may have missed the boat on the "almost free" purchase of a 2008 e93 M3 unless of course the sales guy is trying to rob me. Can anyone here offer some sound advice? Here is the email I just received from him: Hello Steele: Here we go. On the 2008 M3 Convertible we will break it down as such. $75,170 M.S.R.P. I can either take $11,000 off or show it on your trade. With $3000 out of pocket, you payments over a 60 month period at 2.9% will be $1,322. On a 36 month lease, you payment would be $1,483 monthly. The payoff on your 2008 335 coupe is $40,143.69. It appraised for 31k. We can make up the difference with the discounted price.
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04-23-2009, 10:44 AM	#2
1MOREMOD - 11817 Rep 23,187 Posts Drives: Race car-> Join Date: Mar 2009 Location: check your mirrors iTrader: (5)	i thought the 09's were getting .9 now and the 08's 2.9? __________________ 02 Tiag e46 M3\|6MT\|GC plates\|MCS c.o.\|GC bars\|GC race control arms\|GC bushings\|BW eng. & tran. mounts\|subframe kit\|BW race shifter\|BW Jaffster\|Euro header\|BW exhaust\|K&N c.a.i.\|Epic race tune\|Rouge pulleys\|Seibon CF hood\|CSL bumper\|apr gt 250 & splitter\|ST-40\|XR-2\|SS lines\|half cage\|Recaro profi\|Profi 2 harness\|BMWpedals\|BW studs\|
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04-23-2009, 10:52 AM	#4
Crazy Bimmer The Jesal 391 Rep 5,859 Posts Drives: E90 M3 Join Date: Nov 2005 Location: Chicago IL iTrader: (20) Garage List 2009 BMW M3 [0.00]	Im pretty sure there is no 2.9% for 08s. Might want to check on that. 09s are 2.9% btw. http://www.bmwusa.com/Standard/Conte...r/Default.aspx __________________ 2009 E90 M3 - SOLD
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04-23-2009, 11:08 AM	#7
DaFool Private 0 Rep 86 Posts Drives: 09 E92 M3 Join Date: Dec 2008 Location: Houston, TX iTrader: (0)	Yer being robbed, IMO. If that's an 08 E93 M3...they're discounted HEAVILY right now. I've seen plenty go for around $58k. If it's an 09, you're getting a really nice discount. This is what I would do. 1) Negotiate the price of the car by itself. 2) Negotiate your trade in 3) On the purchase sheet, it should show the negotiated price of the car, less your trade in (or I guess an adder if you owe). Hope that makes sense.
	Appreciate 0 Quote

04-23-2009, 11:17 AM	#8
steele_kennett Registered 0 Rep 4 Posts Drives: 2008 335i Join Date: Apr 2009 Location: San Antonio, TX iTrader: (0)	It is for an 08 e93 m3. I currently have a 08 e92 335i under lease with these guys. I have just over 17k miles on the car. When I took my 335i in for service a couple of days ago I saw this black e93 and fell in love. So, I'm just crunching numbers here to see if I can get a deal. With his first email on the subject I just can't justify it. Not after seeing so many others on this forum get the same car for $800 - $1000 a month.
	Appreciate 0 Quote

04-23-2009, 11:59 AM	#9
Ericterps New Member 6 Rep 14 Posts Drives: '14 x5 5.0 Join Date: Dec 2008 Location: Westchester County, NY iTrader: (0)	If you are buying from BMW of SA, you wont get the smoking hot deals that everyone else is talking about. I called them a month ago and the salesman told me all of their cars are paid for (no floorplan financing so they dont pay monthly interest charges) so they will not be as desperate to sell the cars as other dealers who are paying hundreds or thousands a month for each car sitting. Just my $.02 - but 11 k is probably the max they will go down. It includes the 7500 rebate and then the 3500 in dealer profit. You probably could beat them up for another grand or two, but thats it.
	Appreciate 0 Quote

04-24-2009, 01:04 PM	#10
steele_kennett Registered 0 Rep 4 Posts Drives: 2008 335i Join Date: Apr 2009 Location: San Antonio, TX iTrader: (0)	Thanks for all the advice guys. Turns out my payments with the negative equity on the 335i will be $1,419/month. Maybe I can join you all in M3 bliss in a couple of years. Cheers!
	Appreciate 0 Quote