Down financial markets good for m3 owners? - Page 2

Alistair83 · 10-09-2008, 12:21 AM

Well, the economic downturn would negatively affect current M3 owners, because now you can actually find good deals through foreclosures and people who are financially burdened and want to get rid of their vehicles for a lot less. In addition dealer's have a lot of inventory that they want to get rid off and are offering some crazy deals.

Another point is that if one needs to finance or lease, the rates dropped significantly this week and will continue to do so until the economy picks up again.

Good thing though is that gas prices are dropping and are expected to drop even more which is good.

I think the best time to buy would probably be early next year if you haven't bought one already.

If you already own one and it's within your means to own it comfortably, just enjoy it.

inmotion · 10-09-2008, 12:59 AM

buyer's market now.

Radiation Joe · 10-09-2008, 08:02 AM

Quote:

Originally Posted by newtom3

I got 50% off the invoice/retail spread... but I plan now to get the other 50% off when it comes time for delivery.

Speaking of delivery, my car has been at the waiting for transport for a more than a week now... like 10 days... maybe the slowdown at the factory is causing a wait for enough cars to fill the ship transporting them?? Anyone else stuck at 'waiting for transport'?

Mine left the port on the 30th of September. As of yesterday, BMWUSA site still said it was waiting for transport. The shipping line didn't show my car until the 6th. I knew it was on the boat before my CA did.

Don't expect to know when your car leaves the port until a week after it leaves.

dcgolfdr · 10-09-2008, 10:53 AM

Just received a mailer from the local BMW dealer with 0.9% on both the sedan and the convertible and 1.9% on the coupe. To top it off you also get a one day pass to the M school in SC with everything paid for except airfair if needed.

daltonnnn · 10-09-2008, 11:08 AM

Yep, the downed economy means cheaper gas!!!

More driving while paying less at the pump.

Other than that, it sucks that now the world's economy is in a slump. Hold on everyone and drive your M3!!!

newtom3 · 10-09-2008, 11:11 AM

Quote:

Originally Posted by Radiation Joe

Mine left the port on the 30th of September. As of yesterday, BMWUSA site still said it was waiting for transport. The shipping line didn't show my car until the 6th. I knew it was on the boat before my CA did.

Don't expect to know when your car leaves the port until a week after it leaves.

thanks rad... but how are you to know that your car left the port.... the bmw site is all the info that the 800 number seems to have, so how are you coming up with this extra level of status on your car???

Radiation Joe · 10-09-2008, 11:15 AM

Quote:

Originally Posted by newtom3

thanks rad... but how are you to know that your car left the port.... the bmw site is all the info that the 800 number seems to have, so how are you coming up with this extra level of status on your car???

Look at the Shipping links
.

newtom3 · 10-09-2008, 02:39 PM

I did, but nothing there says how to get more detail than the 800 number or the bmwusa website tells you... perhaps my sales guy has more info. But there appears to be no way to find out anything more detailed than the website has to say.

just as good... if the market keeps tanking, I may not take the car for delivery at all... I'll stick to my GMC pickup!

eclipsisNA · 10-09-2008, 02:43 PM

The markets tanking is good for nobody. If other Americans fail, that means less money coming into my business. /obvious

positiveions · 10-09-2008, 03:50 PM

Quote:

Originally Posted by Dascamel

Screw food and the house, I'm moving my family in the car.

For now it'll hurt, but I wonder if the decreased supply will help resale if the economy picks back up a few years from now.

M3 mobile home

J08M3 · 10-09-2008, 03:58 PM

Quote:

Originally Posted by daltonnnn

Yep, the downed economy means cheaper gas!!!

More driving while paying less at the pump.

Other than that, it sucks that now the world's economy is in a slump. Hold on everyone and drive your M3!!!

cheaper gas yes. but you still need to have the money to buy gas. I'd rather pay more for gas and know that there is plenty of work than to have gas cheaper and wonder if work is going to stop. It's all about cash flow. As long as it's flowing everything is fine, it's when it stops we have a problem.

Sedan_Clan · 10-09-2008, 04:35 PM

Quote:

Originally Posted by mkoesel

I don't really care about "status value".

As far as I can see, there's no real monetary benefit to me now that I have the car. As you point out, the bad economy is actually bad because it makes the cash value of the car less. This is not true only for M3s or even just cars but nearly all assets. However, the plus side for me is that I did not buy mine until just recently so I got in when the value (and thus selling prices) were already way down.

+4

10-09-2008, 12:59 AM	#24
inmotion Lieutenant Drives: where do I start? Join Date: Feb 2008 Location: Newport Coast, CA Posts: 528 iTrader: (0)	buyer's market now. __________________ E60 M5 Silverstone, Balloon White Gallardo Spider, Rosso Corsa F430, Audi CG Q7 Sportline, IS R8 before and DG R8 now, Basalt Black Carrera GT, SG M3 DCT, Orange GT3RS, IS CLK63 Black Series On order: 2010 R8 V10

10-09-2008, 11:08 AM	#27
daltonnnn U.S. Navy Officer Drives: 2012 X5 Diesel Join Date: Sep 2008 Location: Mt Pleasant, SC Posts: 393 iTrader: (1)	Yep, the downed economy means cheaper gas!!! More driving while paying less at the pump. Other than that, it sucks that now the world's economy is in a slump. Hold on everyone and drive your M3!!! __________________ 2012 X5d - Alpine White \| Almost fully loaded \| Color matched X5M door moldings \| Clear Bra \| 4" Magnaflow race muffler exhaust system \| JBD @ 80% 2009 Honda CBR 1000RR - White 2008 M3 E92 - Retired - Alpine White \| 6MT \| Vorsteiner rear diffuser * Go Navy! * * SF 49ers NFC champions!!!*

10-09-2008, 02:43 PM	#31
eclipsisNA Precision Detailing Boutique Drives: 2013 Estoril 328i M Sport Join Date: Oct 2007 Location: Orange County, CA Posts: 2,891 iTrader: (6) Garage List 2011.5 BMW M3 [3.88]	The markets tanking is good for nobody. If other Americans fail, that means less money coming into my business. /obvious __________________

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10-09-2008, 12:21 AM	#23
Alistair83 Private Drives: 2008 BMW M3 Coupe Join Date: Oct 2008 Location: Toronto Posts: 74 iTrader: (0)	Well, the economic downturn would negatively affect current M3 owners, because now you can actually find good deals through foreclosures and people who are financially burdened and want to get rid of their vehicles for a lot less. In addition dealer's have a lot of inventory that they want to get rid off and are offering some crazy deals. Another point is that if one needs to finance or lease, the rates dropped significantly this week and will continue to do so until the economy picks up again. Good thing though is that gas prices are dropping and are expected to drop even more which is good. I think the best time to buy would probably be early next year if you haven't bought one already. If you already own one and it's within your means to own it comfortably, just enjoy it.

10-09-2008, 10:53 AM	#26
dcgolfdr Wheelsucker Drives: Fast rice cooker Join Date: Oct 2008 Location: Arlington, VA Posts: 710 iTrader: (8)	Just received a mailer from the local BMW dealer with 0.9% on both the sedan and the convertible and 1.9% on the coupe. To top it off you also get a one day pass to the M school in SC with everything paid for except airfair if needed.

10-09-2008, 02:39 PM	#30
newtom3 First Lieutenant Drives: 2009 BMW M3 Coupe Join Date: Sep 2008 Location: San Jose, CA Posts: 361 iTrader: (0)	I did, but nothing there says how to get more detail than the 800 number or the bmwusa website tells you... perhaps my sales guy has more info. But there appears to be no way to find out anything more detailed than the website has to say. just as good... if the market keeps tanking, I may not take the car for delivery at all... I'll stick to my GMC pickup!