|
|
01-24-2013, 01:17 PM | #1 |
Enlisted Member
10
Rep 31
Posts |
Is this a Decent Deal? Please Advise
Hey Fellas,
I went to a local dealer in Miami and got a quote on a new M3. They said it would take about 8-10 weeks to get here. I wanted to get some feedback from you guys. Do you think I should go forward on the deal? MSRP: $72,045 Sale Price: $69,045 Holiday Credit: $1,500 Final negotiated price: $67,545 |
01-24-2013, 01:20 PM | #2 |
BimmerPost Supporting Vendor
307
Rep 13,093
Posts
Drives: BPMsport 2012 E92 M3
Join Date: Jun 2011
Location: Kansas
iTrader: (45)
Garage List 2013 Nissan GTR [0.00]
2019 Sierra Denali ... [0.00] 1999 Nissan Silvia [0.00] 1999 Nissan Skyline ... [0.00] 1998 Toyota Supra [0.00] |
I would get at least one quote from a board sponsor before going forward. I bought mine from Steve Thomas BMW and I don't know anyone who can beat their prices or service.
|
Appreciate
0
|
01-24-2013, 01:26 PM | #3 |
Enlisted Member
10
Rep 31
Posts |
Thanks for the response. I know I can save a little more if I go with a board sponsor but it will be difficult for me to pick up the car at the Performance Center due to work. Regards.
|
Appreciate
0
|
01-24-2013, 01:27 PM | #4 |
BimmerPost Supporting Vendor
307
Rep 13,093
Posts
Drives: BPMsport 2012 E92 M3
Join Date: Jun 2011
Location: Kansas
iTrader: (45)
Garage List 2013 Nissan GTR [0.00]
2019 Sierra Denali ... [0.00] 1999 Nissan Silvia [0.00] 1999 Nissan Skyline ... [0.00] 1998 Toyota Supra [0.00] |
They have been known to work with local dealers for delivery or even direct delivery to your home.
|
Appreciate
0
|
01-24-2013, 01:42 PM | #5 |
Enlisted Member
10
Rep 31
Posts |
|
Appreciate
0
|
01-24-2013, 01:58 PM | #6 |
is fast cars
391
Rep 2,137
Posts |
Best of luck finding the right deal.
To join your 911 in the stable or replace it?
__________________
Daddy's Rocket Sled!
Clarkson: "It is... pretty much perfect... Why don't I have one of these cars?" Harris: "The saloon is definitely the M3 of choice." |
Appreciate
0
|
01-24-2013, 03:08 PM | #7 | |
Major
354
Rep 1,405
Posts |
Quote:
Hard to know exactly how much you should be paying for the car because you have listed no options. However, 9% or so of the MSRP includes the markup. Going by that, you should be able to get the car for about 64.5K. 72K - 6480 (markup) -1500 (holiday credit) + 500 profit for the dealer = 64.5K |
|
Appreciate
0
|
01-24-2013, 03:57 PM | #8 |
Enlisted Member
10
Rep 31
Posts |
|
Appreciate
0
|
01-24-2013, 03:59 PM | #9 | |
Enlisted Member
10
Rep 31
Posts |
Quote:
|
|
Appreciate
0
|
01-24-2013, 04:46 PM | #10 |
Lucky Lefty
45
Rep 746
Posts
Drives: on twisty roads
Join Date: Aug 2007
Location: *
iTrader: (0)
Garage List 2019 BMW M2 Comp [0.00]
2017 Porsche Macan GTS [8.00] 2011 M3 [10.00] 2013 bmw F25 msport [10.00] 2011 335iS [9.60] |
With the holiday credit, I would shoot for $65,500-66,500. GL
__________________
The Power of M |
Appreciate
0
|
01-24-2013, 04:52 PM | #11 | |
Major
354
Rep 1,405
Posts |
Quote:
Subtract your $1500 Christmas gift and add $500 to get exact figures. Then make an offer. Before doing that, suggest you contact this person for what may be a good deal: http://www.bmwdavid.com/ Good luck |
|
Appreciate
0
|
01-24-2013, 05:16 PM | #12 |
is fast cars
391
Rep 2,137
Posts |
|
Appreciate
0
|
01-24-2013, 09:36 PM | #13 |
Enlisted Member
10
Rep 31
Posts |
I haven't driven the M3 extensively....just a quick test drive at the dealer unfortunately. The 911 is great but it is a pain sometimes due to the road noise and extremely stiff suspension. I'm 25 so the M3 is more practical for me at this point in my life. The Porsche is a fantastic car but I find myself only driving it for joy rides rather than taking it to different destinations. Also, I got a great offer on the Porsche and since it is out of warranty I think it might be a good time to let it go. Its truly a tough decision for me though....there's just something special about the 911. Regards.
|
Appreciate
0
|
01-25-2013, 05:59 PM | #14 | |
Banned
70
Rep 359
Posts |
Quote:
|
|
Appreciate
0
|
01-25-2013, 06:25 PM | #15 |
Major
110
Rep 1,291
Posts |
is that real for US dealers to sell a $70k car and only making $500 profit? I know lots of amazing deals going around, but it just seem not too realistic to me. If it was a 2012 they couldn't sell then sure I can understand dealers want to get rid of the car without making any money. Anyways, different country, different market. We Canadians stay being screwed by STEALERS
OP, good luck with your new car buying, I hope everything sorted out great and you get a nice car with decent price.
__________________
Must stop eating..............
|
Appreciate
0
|
01-25-2013, 08:26 PM | #16 | |
Major
354
Rep 1,405
Posts |
Quote:
First of all, not all dealers will make that deal. Second, for those that do, I would offer this explanation. They want to sell the cars quickly to increase their return on investment dollars. Let's say, hypothetically, if they only have 70k to invest to buy inventory and they only buy 1 M3 and it takes them 12 months to sell it at, say, 1K profit, then their return on annual investment is 1.4%. If they, instead, buy two 3 series car for they same 70k, sell 4 of them during the year at a profit of $500 each, then they have doubled their annual return on investment to 2.8%. Make sense now? |
|
Appreciate
0
|
01-25-2013, 08:28 PM | #17 | |
Banned
70
Rep 359
Posts |
Quote:
|
|
Appreciate
0
|
01-25-2013, 09:52 PM | #18 | |
Enlisted Member
10
Rep 31
Posts |
Quote:
|
|
Appreciate
0
|
01-25-2013, 11:24 PM | #19 |
Banned
70
Rep 359
Posts |
I am in South Florida, And its not a dealer from here someone recommended David's BMW on one of these forums so I emailed him and got a quote from him I'm not sure what state he is from. Do you think it's a good deal? I've seen other M3'a like this go for over $75K at other dealerships.
|
Appreciate
0
|
01-26-2013, 12:26 AM | #20 | |
E60_to_E90
36
Rep 1,201
Posts |
Quote:
Sorry for the thread-jack, OP. If you spend a bit more time around here, you'll probably end up talking to David Aviles or Steve Thomas BMW. Good luck.
__________________
2011.5 E90 Dinan M3, SS II, M-DCT, EDC, M Drive. 20" MORR VS8.2 wheels
Performance Mods: Dinan St.1 suspension, exhaust, intake; TTPs; BPM St.II, DCT, servo tunes Cosmetic Mods: OEM CF splitters, mirrors, center console, spoiler; Arkym CF diffuser; LUX; tint |
|
Appreciate
0
|
01-26-2013, 12:43 PM | #21 |
Private First Class
8
Rep 140
Posts |
Also remember that 850ish/month will shoot up about 100$/month if you take even 1-2 of these:
Xzyillion + (for total dent/ding/cosmetic rim scratch protection, the clear coat is an after thought lol), rim and tire (VERY WORTH IT), tints, and extended warranty (debatable, only take if you plan to buyout), end of lease 5000$ damage coverage (the worst option, dont take). Just saying, get it as low as you can go, cause its going to shoot up at signing. Dont worry about miles, you can always buy more mid-point through the lease. |
Appreciate
0
|
01-26-2013, 01:40 PM | #22 |
Brigadier General
915
Rep 3,456
Posts
Drives: Harrop E90 M3
Join Date: May 2011
Location: Colorado Springs
|
OP that's an acceptable deal for both parties. God forbid a dealer makes more than $500 on a 70k investment people. Would you be happy with that from one of your investments, or would you want the maximum attainable on your money?
Also remember that a local dealer would benefit from a lower price because they will see a return from service/warranty work. Out of area sales are not beneficial to the selling dealer. Not to mention as the car nears its production end, prices are likely to hold higher than before. Since the M3 will not be available for some time until the next generation goes into production. Just my .02 |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|