$1,000 Under Invoice All Remaining 08's

[Davo2003]

Not sure if this is worthwhile info or not, I haven't been keeping up with the latest discounts but seemed worth posting...

BMW dealer is in Boulder CO. and had this posted on Ebay...

http://cgi.ebay.com/ebaymotors/Cars-...1%7C240%3A1318

[jaay11]

I think a lot of people had been shooting for this anyway.

Hmmmm, wonder if you can now go $2000 under?

[shakan]

Originally Posted by jaay11

I think a lot of people had been shooting for this anyway.

Hmmmm, wonder if you can now go $2000 under?

When people say X under invoice, what do they actually mean?
Is it under the Edmunds invoice, which does not include Maco and training or under the dealer invoice which has these extra fees. I know the amount is small, ~ 500 difference but just wanted to clarify.

[JohnnyRoaster]

I have always assumed that it reffered to dealer invoice but I could be wrong. You know what they say about assuming...

[jaay11]

Originally Posted by shakan

When people say X under invoice, what do they actually mean?
Is it under the Edmunds invoice, which does not include Maco and training or under the dealer invoice which has these extra fees. I know the amount is small, ~ 500 difference but just wanted to clarify.

I guess it depends. I'd perhaps have Edmunds in my pocket but ask the dealer for a peek at their invoice. You can then compare numbers and discuss the discrepancies between the two. Then....you can baseline your final number and begin subtracting from that cost for your final deal.

[Subw00er]

$2K under is possible. I've been offered this at two dealers.

[wallerman]

I got $2500 under on a pretty loaded '08 e92 M3 this past weekend.

[positiveions]

Originally Posted by wallerman

I got $2500 under on a pretty loaded '08 e92 M3 this past weekend.

and you didn't take it?
I would have.

[Juano11]

Originally Posted by shakan

When people say X under invoice, what do they actually mean?
Is it under the Edmunds invoice, which does not include Maco and training or under the dealer invoice which has these extra fees. I know the amount is small, ~ 500 difference but just wanted to clarify.

They will start with an invoice price that is above what you have from Edmunds, but this difference is potentially negotiable. In my case, I was not able to get a penny off of these additional charges, but you might be able to.

In my mind, MACO and Training Fee fall into the "cost of doing business" for the dealer. You should not necessarily have to pay for that. BTW, the training fee is a fee to train their sales staff on the features of the car, it is not a fee to train you about the features of the car.

[shakan]

Originally Posted by Subw00er

$2K under is possible. I've been offered this at two dealers.

What trim was it - sedan, coupe...?
Was it fairly loaded, I mean it's probably more likely to offer a bigger discount on a more expensive car in absolute $ terms, for example 10 off a 77K convertible vs "only" 7 off on a 66K sedan and even less on a modestly equiped 60K vehicle.

[wallerman]

Originally Posted by eatrach73

and you didn't take it?
I would have.

I did take it.

[Subw00er]

Originally Posted by shakan

What trim was it - sedan, coupe...?
Was it fairly loaded, I mean it's probably more likely to offer a bigger discount on a more expensive car in absolute $ terms, for example 10 off a 77K convertible vs "only" 7 off on a 66K sedan and even less on a modestly equiped 60K vehicle.

Fairly loaded. tech, prem, cold, backup, coupe, metallic paint. I'm sure it was $2K under invoice, I did the math, and the dealer printed me a sheet that listed invoice pricing. I have a trade, but I'm upside-down on it, so there was no money there.

edit - forgot to add, the cars had premium sound too

[shakan]

Originally Posted by Subw00er

Fairly loaded. tech, prem, cold, backup, coupe, metallic paint. I'm sure it was $2K under invoice, I did the math, and the dealer printed me a sheet that listed invoice pricing. I have a trade, but I'm upside-down on it, so there was no money there.

The best I've seen on coupes is around 1K over invoice but I guess there is room for improvement.

[FStop7]

Originally Posted by Subw00er

Fairly loaded. tech, prem, cold, backup, coupe, metallic paint. I'm sure it was $2K under invoice, I did the math, and the dealer printed me a sheet that listed invoice pricing. I have a trade, but I'm upside-down on it, so there was no money there.

Depending on how far upside down you are you could roll the negative equity into the loan. Unless your current car loan is 0.9% you'd still end up with an advantage. Normally I'd say never roll over neg equity, but since this is what amounts to an interest free loan - why not?

[Subw00er]

Thats an interesting point. The thing is, I dont need the new M3, I'm just looking at it because of the low rates now. I dont really want a higher car payment than I have now because I have three other vehicles, and at some point, you realize you are crazy and need to slow down. so I've made my self a budget, and am trying to stick to it. I was VERY close to getting one, just needed another $500-1000 from the dealer, but my trade in took a nosedive this month and now I am more like $2-3K off the mark. Sucks! I'm hoping for bmw cash salvation in Jan/feb. The good part is that the car I want is plentiful. So now, I wait and hope the rates stay low and the residuals high.

To be honest, I dont think its going to happen at this point, but you never know! BMW has not been in this financial situation before, so its anyone's guess what they do beyond throttling back production. If they are smart, they'd give $5K in cash rebates and then the cars would fly off the lots. I don't think I'm the only one thats "almost there."