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      04-04-2008, 09:47 AM   #1
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New M3 and the current economy......thoughts?

What if the new M3 was launched in a different economy? I don't think they're flying out of dealerships the way they would have back in 2000.

It's interesting to see luxury goods being launched regardless of ecomonic conditions.........I get the feeling some people (not me of course) are recession-proof.
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      04-04-2008, 10:19 AM   #2
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luxury goods are on the up regardless. There is more rich people in the world these days then in 2000. Thank the oil prices. and while few lost their homes in the subrpime mess, others made millions. and economy is cyclical. up, down, up down, you get the picture. i bet in middle east they are in demand.
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      04-04-2008, 11:03 AM   #3
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Quote:
Originally Posted by 320what View Post
luxury goods are on the up regardless. There is more rich people in the world these days then in 2000. Thank the oil prices. and while few lost their homes in the subrpime mess, others made millions. and economy is cyclical. up, down, up down, you get the picture. i bet in middle east they are in demand.
not in the states, where the dollar is weaker than Erkel
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      04-04-2008, 11:31 AM   #4
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not in the states, where the dollar is weaker than Erkel
that's more of where I was coming from...........the US economy and the amount of discretionary income people have to throw at cars, jewellery, etc.
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      04-04-2008, 03:36 PM   #5
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People's perception of whether they can afford a new M3 has more to do with the daily news brodcasts scaring the sh-t out of them about the economy then the economy itself. People are triger shy currently on large purchases. I think it will pass soon.
If you are shopping for a M3 I would take advantage of the brief slow down in demand.
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      04-04-2008, 07:27 PM   #6
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People's perception of whether they can afford a new M3 has more to do with the daily news brodcasts scaring the sh-t out of them about the economy then the economy itself. People are triger shy currently on large purchases. I think it will pass soon.
If you are shopping for a M3 I would take advantage of the brief slow down in demand.
true, however perception is reality for most people.

As great as the car may be, I have a feeling most people are still going to think twice about buying a 70K M3. I predict that the sales will be slower than forecasted.
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      04-04-2008, 07:29 PM   #7
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what amazes me is all OC dealers still have like 20k markup like crevier and irvine. and they're getting picked up... and i can barely afford mine at msrp
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      04-04-2008, 07:42 PM   #8
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There a those that have it, and those that don't. The have-nots will encounter the greatest effects by the economy's fluctuations.
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      04-06-2008, 08:34 PM   #9
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what amazes me is all OC dealers still have like 20k markup like crevier and irvine. and they're getting picked up... and i can barely afford mine at msrp
paying 20K markup is just silly.............why not get a 911? But hey, if they are able to make that extra profit, more power to 'em.
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      04-06-2008, 08:38 PM   #10
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There a those that have it, and those that don't. The have-nots will encounter the greatest effects by the economy's fluctuations.
true, will always be the case till the end of time.

I doubt of any of those who "have it" are looking at M3's.......they can afford their 100K cars no matter what!

However, the hard-working person who can afford the M3 is perhaps thinking twice, given the state of the economy.
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      04-06-2008, 08:40 PM   #11
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^im sure thats a slight exaggeration..
they are a 6k mark up here in maui, but i told them i was in no hurry and there is no way in hell that i would pay anything more than msrp.
he said he could go 1k over for shipping or something like that...
but 20k. nonsense!
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      04-06-2008, 10:33 PM   #12
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My SA said that the ones on the lot will have a mark-up because its only a couple of days untell someone walks up and wants it soo bad that they will buy it. But he also told me that if your order one that you only have to pay MSRP.
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      04-06-2008, 10:51 PM   #13
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If all that was available was the 330 or 328 then I'd probably be getting one. But I have a tuned 335, and I've got an LSD, and I've get way better gas mileage then a V8. I'm not knocking the M3, it looks amazing and I'm sure it's a dream on the road, but there are reasonable alternatives out there.
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      04-07-2008, 03:09 PM   #14
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I saw the e90 m3 at the dealer last weekend and although it looked nice, it didn't look $68k nice. You could get a brand new 335 and pick up used s2000 to take to the tracks for less than that.
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      04-07-2008, 04:53 PM   #15
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i remember when i though i was "recession-proof". wow, was i wrong. lol. is aight. ill coast it for the next 3 years till the real estate market picks up.

i have nothing to worry. my house and car were paid for in cash. so no one can take back anything thats mine. so im pretty much "safe". plus, here gas prices are some of the cheapest in the world.... 1.50 for a gallon of 96 octane rating (premium). *laughs at everyone else*
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      04-07-2008, 10:51 PM   #16
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Quote:
Originally Posted by Kiemyster View Post
i remember when i though i was "recession-proof". wow, was i wrong. lol. is aight. ill coast it for the next 3 years till the real estate market picks up.

i have nothing to worry. my house and car were paid for in cash. so no one can take back anything thats mine. so im pretty much "safe". plus, here gas prices are some of the cheapest in the world.... 1.50 for a gallon of 96 octane rating (premium). *laughs at everyone else*
so..........where's your new M3?
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      04-07-2008, 11:41 PM   #17
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Originally Posted by Kiemyster View Post
i have nothing to worry. my house and car were paid for in cash. so no one can take back anything thats mine. so im pretty much "safe".
Assets can be repossessed in compensation for a debt(s) owed to other lenders.
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      04-08-2008, 10:40 AM   #18
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Quote:
Originally Posted by CRZ410S View Post
People's perception of whether they can afford a new M3 has more to do with the daily news brodcasts scaring the sh-t out of them about the economy then the economy itself. People are triger shy currently on large purchases. I think it will pass soon.
If you are shopping for a M3 I would take advantage of the brief slow down in demand.
This is correct. If they want the econmy to get better they should broadcast on the News how great the economy is looking and that they are confident it going to be great in the near future. If they did this more people would spend money and evrything would start to get better. The Media really almost runs this country now and it really is VERY VERY sad. People should really stop beleving everything in the news and do the research on their own to find the truth instead of relying on a very liberal run media.

I have a feeling BMW will just start making less cars to compensate for the slower demand. I sell BMW and this M3 is popular but not like previous M cars and CRZ410S stated it perfectly as to why.
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      04-08-2008, 11:02 AM   #19
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Quote:
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This is correct. If they want the econmy to get better they should broadcast on the News how great the economy is looking and that they are confident it going to be great in the near future. If they did this more people would spend money and evrything would start to get better. The Media really almost runs this country now and it really is VERY VERY sad. People should really stop beleving everything in the news and do the research on their own to find the truth instead of relying on a very liberal run media.

I have a feeling BMW will just start making less cars to compensate for the slower demand. I sell BMW and this M3 is popular but not like previous M cars and CRZ410S stated it perfectly as to why.
I agree with you about the recession by media theory. However, it would be a good direction also if the BMW slow down its production.
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      04-12-2008, 10:18 PM   #20
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Quote:
Originally Posted by Ray View Post
Assets can be repossessed in compensation for a debt(s) owed to other lenders.
In addition, the value of your property went down because of this sub-prime real estate problem.
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      04-13-2008, 03:16 AM   #21
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Quote:
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Assets can be repossessed in compensation for a debt(s) owed to other lenders.
Are you a lawyer in Trinidad and Tobago?
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      04-13-2008, 03:18 AM   #22
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Glad to see there is some sense from people on this forum.

Now I know this is very controversial but had washington not decided to invade irak against the general consensus and lamely hijacked patriotism to turn it against anyone who would oppose this let's lynch someone to make us feel better mentality the economy would not be in such a disarray. Subprime mortgage crisis yes but let's not forget this very costly war that has done huge damages to the image of the country both as it is seen by others as well as self image. I was against it from day one and have never shifted my position one second after all these years. The american media should be lined up and shot.
Meanwhile we are paying tax dollars to support corrupted banks like Bearn stearn that make millions and let it to others (=tax dollars) to clean their fkn mess. WTF !!.

ok back to car talk.

Last edited by oneginee; 04-13-2008 at 02:22 PM.
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