BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > New and Preowned M3 Pricing, Ordering, Tracking / European Delivery / Dealer Reviews
 
Lux Angel Eyes
Post Reply
 
Thread Tools Search this Thread
      03-10-2008, 10:21 AM   #1
gbb357
Captain
24
Rep
707
Posts

 
Drives: IS300
Join Date: Oct 2007
Location: New York

iTrader: (0)

$100k for an M3 coupe!

I'm not sure if this is a repost. I search under $100k M3 price, no luck. Either, if it is a repost please merge, thanks. Back on topic, are people actually paying this price?




Here's the article from Autoblog that FiskeGTS posted.

Quote:
Originally Posted by Autoblog
2008 BMW M3 Coupe being marked up to $100,000:

We've been getting reports from all over that the 2008 BMW M3 Coupe has begun to arrive in U.S. dealerships. Dealers, however, have also begun taking advantage of the high interest in these Bavarian über coupes by marking up the price. Since we couldn't just take everyone's word for the extreme mark ups, we had to wait until someone surfaced with proof, which came today. Dragtimes.com is hosting an image of a brand spanking new M3 sitting in an unidentified California dealer at Century West BMW in North Hollywood with a window sticker displaying the car's $70,720 MSRP plus a $30,000 mark up. The extra monies demanded by the dealer is labeled as a "Dealer Market Adjustment" on the window sticker, which makes it seem like a special options package with heated seats and an extra cup holder. Rather, it's the reality that this dealer and many others know that someone out there will pay that much for a new 2008 BMW M3 Coupe. But as good a sports car as it the new M3 undoubtedly is, would you pay over $100,000 for it? Thanks for the tip, FikseGTS!

Last edited by gbb357; 03-10-2008 at 02:12 PM.
Appreciate 0
      03-10-2008, 10:38 AM   #2
southlight
Moderator / European Editor
southlight's Avatar
609
Rep
6,748
Posts

 
Drives: BMW
Join Date: Apr 2006
Location: Germany

iTrader: (0)

Yes, it's kinda
http://www.m3post.com/forums/showthr...01#post2277901


Man, that's Hollywood.


Best regards, south
__________________
Those forums...WHY NOT?


JOIN THE 6MT CLUB GROUP
Appreciate 0
      03-10-2008, 11:00 AM   #3
Stinger
Major
Stinger's Avatar
United_States
33
Rep
1,039
Posts

 
Drives: 2007 335i Convertible
Join Date: Apr 2007
Location: Southern California

iTrader: (1)

Garage List
2007 335i E93  [3.50]
1993 318is  [0.00]
1996 Z3 1.9  [0.00]
M3 Markups Story on Autoblog Today

Seems a California dealer, big surprise, is happy to show his "Adjustment" openly to wanting buyers.



Full story:
http://www.autoblog.com/2008/03/10/2...up-to-100-000/
__________________
Appreciate 0
      03-10-2008, 11:02 AM   #4
E90Brian
Lieutenant
E90Brian's Avatar
United_States
9
Rep
420
Posts

 
Drives: E90 335i
Join Date: May 2006
Location: Out there...

iTrader: (0)

Criminal, but that's LA for ya.
__________________
1988 M5 Black/Natur (5/97-now)
2006 E90 330i Sparkling Graphite | Gray | Walnut | STEPTRONIC | ZSP | ZPP | ZCW | Navi | PDC | CA | sun shades (3/06-11/08)
2009 E90 335i Blue Water | Oyster | Walnut | STEPTRONIC | ZSP | ZPP | ZCW | Navi | PDC | CA | Logic 7 | 6FL/6NF | sun shades (12/08-now)
Appreciate 0
      03-10-2008, 11:05 AM   #5
shift330
Blue Force Tracker
shift330's Avatar
United_States
25
Rep
1,377
Posts

 
Drives: 2010 Hyundai Genesis Coupe
Join Date: Feb 2008
Location: Sierra Vista, AZ

iTrader: (6)

Garage List
2006 330i  [0.00]
If you're dumb enough to get ripped of by the dealer like that, you deserve it
__________________

Stay safe 855th MP Company! Hosmer/Espinoza you're my boys!!
Appreciate 0
      03-10-2008, 11:08 AM   #6
KL2DC
Moderator
KL2DC's Avatar
United_States
196
Rep
17,753
Posts

 
Drives: E90 328i, E85 Z4 3.0i
Join Date: Jan 2006
Location: DC Metro

iTrader: (22)

Garage List
2011 E90 328i  [0.00]
2006 E85 Z4 3.0i  [0.00]
Send a message via MSN to KL2DC
Might as well get an M6 for that price , you know they hardly go for sticker now...
__________________

Official DC Metro Registry - Current, New & Prospective Area Members Roll Call!
Appreciate 0
      03-10-2008, 11:11 AM   #7
noro
Colonel
noro's Avatar
Armenia
32
Rep
2,667
Posts

 
Drives: E30 M3 / E46 ZHP
Join Date: Aug 2006
Location: Boston

iTrader: (0)

Nothing criminal about it. Free market baby... supply vs demand. The way I see it if you're one of the people that will pay the markup to have that car now you probably need the 30K less than the dealer himself so it's a natural flow of cash from the ones that have it to the ones that need it.
__________________
zhpregistry.net - ZHP stats and free classifieds.
Appreciate 0
      03-10-2008, 11:13 AM   #8
Raja Ventureshield
Banned
Raja Ventureshield's Avatar
United_States
83
Rep
5,694
Posts

 
Drives: BMW M3 coupe
Join Date: May 2007
Location: Northern VA

iTrader: (6)

why pay 30k when dealers across the usa would gladly take 10k over msrp.
just wait 4 months,, it will be MSRP.
Appreciate 0
      03-10-2008, 11:16 AM   #9
335xi2k8
First Lieutenant
335xi2k8's Avatar
5
Rep
365
Posts

 
Drives: 335
Join Date: Dec 2007
Location: -

iTrader: (0)

100k!!! thats way too much for an m3
Appreciate 0
      03-10-2008, 11:18 AM   #10
FifthStreetz
O! So Sour!!
FifthStreetz's Avatar
United_States
193
Rep
15,559
Posts

 
Drives: Fast 240z / Slow M3
Join Date: Apr 2007
Location: Fort Lee, NJ

iTrader: (24)

Garage List
2008 M3  [4.75]
__________________
Appreciate 0
      03-10-2008, 11:19 AM   #11
26.2
Private
3
Rep
95
Posts

 
Drives: 2008 M3
Join Date: Nov 2007
Location: North Carolina

iTrader: (0)

Quote:
Originally Posted by 335xi2k8 View Post
100k!!! thats way too much for an m3
Not if you are Brittney Spears.
Appreciate 0
      03-10-2008, 11:22 AM   #12
daniel6357
New Member
daniel6357's Avatar
0
Rep
12
Posts

 
Drives: 2007 328I
Join Date: Mar 2008
Location: portland, oregon

iTrader: (0)

Quote:
Originally Posted by Raja Ventureshield View Post
why pay 30k when dealers across the usa would gladly take 10k over msrp.
just wait 4 months,, it will be MSRP.
yes for sure it will be at msrp bmw has too many contesters out there like the gtr, isf, evo, c63 amg. So i doubt that its going to stay at 30k+ markup for long. Give it 3-4 months.
Appreciate 0
      03-10-2008, 11:22 AM   #13
Majikthese42
Philosopher-king
Majikthese42's Avatar
11
Rep
1,113
Posts

 
Drives: 2008 E91
Join Date: Apr 2005
Location: People's Republic of New Jersey

iTrader: (0)

You can get a nicely optioned Carrera S for that.

Which one do you think will be worth more in 3 years?
__________________
E91 6MT Alpine, Terra, Xenons, ZSP, ZCW, ZPP, PDC, CA, alarm, M shifter and M brake handle, Euro rear fog light switch, Euro aspheric mirrors, rear power outlets, Garmin nüvi custom cupholder mount, Lidatek, V-1 built-in remote display, tire pump, jack, floor mats.
Appreciate 0
      03-10-2008, 11:26 AM   #14
Deathboy
Lieutenant
Deathboy's Avatar
United_States
6
Rep
421
Posts

 
Drives: 2014 Cayman S
Join Date: Sep 2007
Location: Locals only...

iTrader: (0)

Just got off the phone with my CA he said he sold a new M3 coupe last night for $99000.00!!!!! I guess there are some people out there willing to pay the markup.
Appreciate 0
      03-10-2008, 11:30 AM   #15
DasBlitz
Major
DasBlitz's Avatar
United_States
19
Rep
1,140
Posts

 
Drives: bmw 328i 07
Join Date: Jan 2007
Location: new england

iTrader: (1)

Garage List
2007 328i  [0.00]
Send a message via AIM to DasBlitz
Actually this is illegal i believe. You cant say supply and demand. This is called ripping people off for no reason.

Same as if there was a storm and just cus you have water you sell it for 10$ a glass.

It's wrong and pretty sure illegal. So fuck that dealer i hope BMW gives them a warning or doesnt send them anymore M3's.
__________________
Appreciate 0
      03-10-2008, 11:33 AM   #16
roadkillrob
Brigadier General
United_States
58
Rep
3,914
Posts

 
Drives: 08 335Cic,11 X5 35i,11 Audi S4
Join Date: Jul 2007
Location: Boston

iTrader: (14)

it only works cause someone is willing to pay it - if no one paid it, they would not do it - you wouldn't see that around here - guess there is too much money in LA!
Appreciate 0
      03-10-2008, 11:41 AM   #17
SteveMondragon
Seaman
SteveMondragon's Avatar
Niger
5
Rep
443
Posts

 
Drives: E92
Join Date: Sep 2006
Location: LA

iTrader: (4)

Quote:
Originally Posted by KL2DC View Post
Might as well get an M6 for that price , you know they hardly go for sticker now...
The ironic part about that comment is that my friend did get a M6 this weekend instead of the M3. He went in wanting to get the M3 at MSRP without paying a markup and was ready with cash, and after calling we found one that was willing to work with him. But even with a reduced (down to) $2500 markup for him, and after running the numbers with the current MF and residual on the M3, he then looked into the M6.

Bottom line, same OTD fees, he picked up the M6 for $200/month cheaper than he would have gotten the $25k cheaper M3 for
Appreciate 0
      03-10-2008, 11:59 AM   #18
attorneyscott
Smokin' a Siglo VI...
attorneyscott's Avatar
United_States
6
Rep
275
Posts

 
Drives: 2008 E92 335i, Dinan Stage 3
Join Date: Jul 2007
Location: Dallas, TX

iTrader: (3)

Send a message via Yahoo to attorneyscott
nothing illegal about what this guy is doing, however some manufacturers have a policy concerning markups like this -- they stop sending cars to the dealer! however, what this guy may have done (we see it all the time in Dallas) is "sell" the car to someone, drive it 100 miles, buy it back, and sell it as technically "pre-owned". then he can charge whatever he wants without risking retribution from BMW.
__________________
'08 E92 335i black sapphire/saddle, 6MT, sport/prem., CA, PDC, Sirius, Ipod/usb, HDR, Htd. Sts., Dinan Stage 3 flash/oil cooler/intercooler/exhaust/Stage 3 susp., MORR VS7's, Goodyear Eagle F-1 GS-D3s, BMW Perf. Parts STSK, Dinan/Quaife 3.08 LSD!!
'06 Land Rover Range Rover Supercharged; Zambezi Silver/Ivory/Piano Black Wood, SICK NASTY In Car Entertainment - seriously, will make your brain bleed
Appreciate 0
      03-10-2008, 12:02 PM   #19
iatacs19
Major General
iatacs19's Avatar
United_States
92
Rep
5,209
Posts

 
Drives: 335is
Join Date: Sep 2006
Location: Washington, DC

iTrader: (6)

Well, the sticker price doesn't mean anyone bought it.

It's just wistful thinking by the greedy dealer and it DID get them in the news.
__________________
If at first you don't succeed, failure may be your style.


BMWCCA Referral
Appreciate 0
      03-10-2008, 12:04 PM   #20
FikseGTS
Private
FikseGTS's Avatar
5
Rep
62
Posts

 
Drives: E55,Viper,Q7
Join Date: Jul 2007
Location: Miami

iTrader: (0)

Garage List
http://www.autoblog.com/2008/03/10/2...up-to-100-000/
Appreciate 0
      03-10-2008, 12:04 PM   #21
LI E90
Colonel
LI E90's Avatar
37
Rep
2,085
Posts

 
Drives: E90
Join Date: Mar 2007
Location: Long Island

iTrader: (2)

the M3 at my dealer is selling for MSRP, no mark adjustment
__________________
2007 328i black/terra/burl:step,sport,prem,heated seats,xenon,sirius.matte black grille,chrome tips 50% tint.
2010 Mazda CX7
1969 Datsun Fairlady 2000 Roadster(for when there is zero chance of rain)
Appreciate 0
      03-10-2008, 12:05 PM   #22
BK
Smiling politely
United_States
94
Rep
7,919
Posts

 
Drives: 330i
Join Date: Feb 2006
Location: Washington DC

iTrader: (0)

Garage List
2006 330i  [4.50]
Quote:
Originally Posted by DasBlitz View Post
Actually this is illegal i believe. You cant say supply and demand. This is called ripping people off for no reason.

Same as if there was a storm and just cus you have water you sell it for 10$ a glass.

It's wrong and pretty sure illegal. So fuck that dealer i hope BMW gives them a warning or doesnt send them anymore M3's.
It's not illegal unless he didn't disclose it. Many, many dealers (not just BMW!) do this, and it's perfectly legal to have a market adjustment. It's just that the markup isn't usually so big. It will go down over time, and the dealer and purchasers know that. In the meantime, there are some buyers willing to pay an additional $30K to get it now.

As for your water/storm analogy, that's generally not illegal, either. Profiteering at others' expense may be immoral, but it's generally not illegal.
__________________


330i | Black Sapphire | Beige + Burl | Sport | Premium | Cold | Nav | CA | Sat prep
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 09:19 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST