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Don't give up yet. EMAIL me for more detials, and put BMW in the subject area.
The exterior and interior are great. The ride was great; though I did not have a chance to let her "rip". NO WARRANTY. (+95k miles).
Are my "fears" unfounded?
Any advice will be grately appreciated.
Same thing happened to me. Once I got into a 330i, there was no getting me out.
I like the car and I don't mind keeping it. It's just many people told me that I should not lease because there may be problem with BMW after 4 or 5 years and it will cost a lot to fix. Also, the 3 series will have a new body style in 2005. Any suggestion? Anybody own a BMW for over 5 years?
That's part of why I leased. If my bmw has problems over the next 3 years of my lease, I'll gladly part with it in 2006. I don't want to pay BMW bills.
Also, the 3 series will have a new body style in 2005. Any suggestion? Anybody own a BMW for over 5 years?
One more reason I leased. The next version looks ugly as sin but the power might be amazing.
Lastly, lease if you're getting a great deal. Current lease deals aren't that great on BMWs from what I've seen.
I know what you mean but I never lease before and I need to warm up to the idea. I'd like to have no car payment for a while. So if the car is ok, I would like to keep it. Do you know if BMW has a lot of mechanic problem after 4 or 5 years?
Base/invoice MSRP $44,295/$40,530(inc.destination)
Xenon $730/$ 800
Steptronic $1210/$ 1275
Cold Weather $685/$ 750
Premium $685/$ 750
Sport $730/$ 800
Totals: $48,835/$43,630
I called all 7 CT BMW dealers, and only one quoted me anything under MSRP @ 1,000 off (but he added in over $400 in training fees after the discount claiming that they had to be charged!), and one even quoted me over MSRP @ $49,500. Several said their integrity didn't allow them to deal off MSRP.
Can someone please tell me how, if at all, I can get a better deal on this car. I know it will probably have to be ordered, but I'm more than willing to pick it up out of state. Any help would be greatly appreciated, paying $5000 over invoice seems excessive. If there was a 2003 out there with this configuration, I would probably jump on it if the deal was better.
For what it's worth, I also found a certified 2001 330cic with the above options and 31,000 miles for $37,500. If this is a better deal, perhaps I should go with this car instead?
Thank you for your assistance and opinions,
Keith
When I went to pick up the car, I was too busy and too excited to make the final check on Edmunds (a huge mistake!!). I got suspicious when the dealer said he would take off the sale price $250 but gave me a lower trade in value (It is the same final # for me but I cannot understand his intention). Last night, I finally checked the Edmunds and saw now the TMV is $29028. Feel totally upset and deceived:-(
This is my first BMW, and I saved quite a long time just for fulfilling my always dream. Hate cannot enjoy the ownership. I only see the dealer’s smiling face.
I know it is partly my fault, but is “put up with it” is the only way to go on? Will anything be too late?
I just found out this board. I am grateful for your advice! (BTW, in Dallas, TX)
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
btw, I bought my 03 325i (not custom order) for $500 under invoice last week (9/15). Dealer made $1000.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Why do people always want the average price? The TMV is the mid-point of what people pay. don't you want to be well below the average?
Best bet...don't pick up the car. Demand your deposit back and tell them financially you can't make it in this harsh economic climate. They'll knock some dough off for sure.
Just remember you're still in control of the situation. The buyer has all the power.
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
You act like a $2500 profit for the dealer is the end of the earth, but just wait a couple months, and see if any current model BMW can be purchased for less than $2500 over invoice.
Sorry, but I dislike that dealers make more than $200 or so on any car sale.
He got the exact car he wanted. Please let him enjoy it. He paid $30K for a new 3-series.. Thats way less than most people.
He's the one fretting over it. After I buy a car I accept everybody before and after me got a better deal. Such is life.
Blueguydotcom says that dealers should not make more than $200 on a car. Of course they should make money on a car, that is what they do! They have to pay for ads, employees, rent etc.. You can't do that on $200 a car. There are some dealers who are scumbags, but it doesn't sound like that description fits your dealer. The timing of the deal allowed him to make more money. That is what happens in between model years.
Enjoy your car. Don't lose sleep over it.
Oh so wrong. Dealerships make money off used car sales and service. Selling new vehicles is generally viewed as the least profitable portion of owning a stealership.
They have to pay for ads, employees, rent etc.. You can't do that on $200 a car.
Yes you can. Service and used sales easily make that up. Used sales are obscene. Trade in a 325i that cost you 35k a few months ago. You'll get in the high 20s for it and see it on the lot the next week for the low 30s. That's where the profit comes from.
There are some dealers who are scumbags, but it doesn't sound like that description fits your dealer.
I haven't dealt with my dealership really since I picked up my floormats the day after I bought my car. If I can extend never dealing with them again, I'll be delighted.
ksso
ksso
My mom is looking at the 325cic right now as we're trying to get her away from her 00 miata. I was vexed as to why she seemed to hate every vehicle I'd take her to (all convertibles). Any time she finished a test drive of a FWD convertible (say A4 or 9-3), she'd comment that the car "felt weird." Duh. I felt like getting a horsehair whip for myself. She's always driven RWD sports/performance cars.
Fruit doesn't fall far from the tree I guess...
This will be first new bmw since '94. Edmund's tmv says this car is barely discounted from msrp. Is that what I should expect in this area?
I thought over the whole process, and I think I made a big mistake on not being careful enough at the final step. I could have renegotiated the price at the delivery point, but the long wait might make me too attached with this car and forget about the possible huge price change.
If I were not caring about getting a good/fair deal, I would have walked away with a car long time back and would have not spent so much time on searching (but I still did not see this broad). I think $2500+ profit is too much for a car, I don't bother to pay around $1000 over the cost but not $2500. The feeling of being taken advantage is not good.
Frankly, I feel intimated when dealing with the dealer, maybe because the only car I want is 325i. I just wrote an email to the dealer with hinting the survey, and I am waiting for his response. If I was him, I would do sth. At this moment, even some small gesture will make a customer like me feel better. But I am not the dealer and cannot be a dealer.
Meanwhile, I am learning to enjoy my car, and maybe forgetting about I paid $1300+ over average (hope I did not make the average artificially increases)
I gotta agree. Cost be damned, I've never owned a car before that's pure unfettered fun.
I agree used cars are obscene. But the dealer has to take on the hassle of fixing some cars up, selling them, and paying the people who sell the cars. The mark up is why you can get great deals on used cars if you bargain well. It is all a game.
To Blue: your last post was much nicer on this poor guy than some of the prior ones!
If invoice is 30,885, true dealer cost after trunk money is 29,385. How much is reasonable profit for them to make on this car? Depends on the demand for your particular model and the buying climate in your town. I think $1000 profit on last years model is reasonable...$500 profit would be a very good deal.
So here is what you do: tell the dealer that you'll pay 29,985 including floormats and ALL dealer fees, plus tax/tag/title (those fees should be set by the state). They will say "boo hoo, we're not making any money, you are trying to rob us blind...etc". So then you come back with 30,385 and the same stipulations as before. You tell them that they will make $1000, plus the BMWNA holdback from your dealer survey, plus they will not have to pay another month's carrying cost on the car of $200 (the finance charge that they pay to the manufacturer). If they don't take your offer, write it down on your business card, give it to them, say "when you want to close the deal, call me" and then walk out of the dealership. I bet they will call within 24 hours. If you want to get a good deal, you HAVE to walk away, sometimes more than once so they know you're serious.
Also, dont let your guard down once they take your offer. They will still try to charge you for VIN etching, lowball your trade in, screw around with your lease rate, etc etc.
As would I, but...
That is why I would be in buisness. This is a capatalist society. Free market rules.
Right again. Doesn't mean I have to want, appreciate or embrace the notion of paying a dealership thousands or even hudnreds of dollars for providing me with nothing. If dealerships gave you something in return, fine. But really, I'd be happier to just hand a secretary my ID, get the keys to the type of vehicle I want to try and then take it for a spin. Heck, i'd pay to test drive alone. Salesmen do not add anything to the buying decision.
Oops, strike that, they make me not want to buy from a dealership.
The dealer takes on risk by starting a buisness, laying out money for cars, rent, benefits, etc... He deserves to be rewarded for his risk.
Not by default! He must earn my money. I don't care if he has costs. That's part of business. My part in the equation is to buy for the lowest price, ideally costing him money in the process.
I enjoy my bimmer but I wouldn't shed a tear if I read the dealership i bought from went out of business. And I had a fine buying experience with them. But to me, they're nothing more than another retailer looking to bilk me. and not offering anything for their mark up.
(2)However, you do not GO to any dealership in person! Check out my prior posts on the 5 board prices... and search by "hoopsref, fightingchance.com, incentives..."
Bottom line: You CAN fax these dealers and get your best deal with the proper method and info...
For example, you can tell the dealer who is cryin' poor mouth on "low profit" that you know that BMW gives additional profits to the dealers (in place of the traditonal "holdbacks") by way of their Consumer Satisfaction Index (CSI). The CSI is derived from the surveys that BMW conducts from new buyers after the sale of the car. They get kick backs on not just your car, but others that they sell. You let the dealer know that you plan on giving them the highest marks (5's) so he can maximize his profits... I know it has even helped some posters after they thought they had a good price!!! Supply & demand will play a part in this of course, but if you do a little work you might be pleasantly surprised.
Case in point... I saved $2000 over the local guy in July when he only gave me $1000 of the $4K incentive off the invoice, NOT the MSRP!!!!. I had 6 or more dealers willing to give me $3K off the invoice!
Thanks
I'm looking to buy the 330xi with:
Cold Weather PKG
Premium Pkg
Automatic Transmission
Metallic Paint
The dealer's invoice is $39,505 including options, MACO and Training & Systems (what the heck is that?).
Edmunds.com's TMV indicates $37,568. Is the difference the cash mfr to dealer incentive? Does the TMV include MACO and T&S?
Using Consumer reports I come out to $38,095 but that is because the beginning wholesale invoice is $1737 greater than Edmunds.com's beginning TMV. All the options,etc are all the same.
I have been reading many of the posted messages and it seems you all have such insight into BMW -- any help you can provide is greatly appreciated.
Pay what you feel is fair. Personally, I'd shoot for $300-500 over invoice, then add the rebate to get the price to a grand or two below invoice.
TMV shows the average of what people in your area paid last month. Figure lower than that will be the TMV in October. And do you want to be average?
- Do you feel this way about all retail or just auto dealerships?
- Do you think everything you buy should cost less than what the retailer purchased it for?
I'm not knocking you, I'm just curious.
By the way, your profile says that the car you own now is a 75 Pacer and your dream car is a 78 Gremlin is this correct or are you just having fun with your profile?
Thanks,