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is about $350 more than edmunds' invoice. And then with this new $1500 rebate to dealers, they would take $500 off their invoice (not edmunds invoice). I don't think the dealer will settle for $1200 below invoice though.
I have not heard of any BMW deals with less then $500 "profit", until yours, in last 6 months. Yours is by far the best one, prior to incentives. Then when incentives came along, the dealer still made their margins on the best deals, it was just below invoice now due to the incentive. I am still not sure if the MACO is a bogus fee or not. I know you have said this several times. Every dealer I spoke with (ten plus) had the MACO in their numbers. Any of the deals I saw (prior to yours) that claimed the dealer "ate the MACO" were much higher than mine or others who had seem to a lower price, thus the dealer could not eat it. Of course, I know they make additional profit on the CSI ratings they get from new buyers after the sale, in leiu oof the traditonal hold back. Good job blue on your price and car. I enjoy your inputs on this board.
TMV in my area is now about $1K below invoice. I was looking into ED to save money, but this would effectively make it the same price (albeit for a 1-year old model vs. a new one).
I'm tempted, but I doubt I'll be able to find a leftover '03 the way I want it (SP, Xenons and CWP... no Prem. Pkg).
Example: Last month a new poster on the 5er's prices paid section, had just found this site. He got his 530 for @ $300 over invoice. e did not know about the incentives and actually paid $3500 more than I did the week before.
I didn't know about this $1500 incentive last week when we agreed on the price. What can I do
to bring the price lower ? Or should I simply settle on this price.
regards,
kyfdx
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Only? That's a good 1k too much profit.
I've got to believe there are very few '03 325i's left that have as few options as that one. If you really want that one, better stick with the deal you have.
Horrible advice. Never give up. Go back and tell them you know about the incentive and you want it for $1500 under invoice. Tell them you'll buy at that moment. They won't take that offer - unless they're desperate - but they will play ball. Ask for the manager, by the way. Screw the salesguy as he's got no pull anyway.
New Jersey port and would be transported here in a few days.
I really wanted the 530. But for $10,000, I can
do a lot of things, i.e. B&W speakers, more DELL computers, H&K receivers would be so easy. Probably in the future.
My question is: if I buy in another city, will I create any problems for myself in my home city (i.e. service help, etc.)? Thanks in advance
Do some work and you'll save alot.
TY
Michael
2003 325i wagon
Steel Blue
Gray Leather
Premium
Full size spare
Auto Trans.
Sticker: 36,545
Price he gave us: 1k below invoice
We are looking to lease...and se said 4 year, 12k/year and 5k drive off would give us like 375 payment....any good?
Thank you in advance!!
-Nick
I thought they had more than that on the manu-to-dealer rebates but it's okay.
now about this lease...
We are looking to lease...and se said 4 year, 12k/year and 5k drive off
Whoa! 5k down? For what? If that's for anything beyond buying MSDs, you're getting hosed. Tell us the residual value he's giving and the money factor...
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regards,
kyfdx
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kyfdx
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After getting bad service in two "serious" visits to look at 330/530s (salespeople very slow to assist, not offering to unlock the doors as I look in the car's windows, interrogating me on my profession before talking about the car), I'd love to avoid buying locally and, in fact, received good service at another city's dealer (letting me test 330 and 525, even after I told them that I was curious about driving one, not necessarily buying one that day).
ie they're building in over $400 of bogus extra fees. I'd at least demand they take the training fees off. That's crazy that they sell the car at a price and then come back expecting you to pay for them to advertise or train their boys. That's a cost of doing business.
Are there any pitfalls to buying a BMW at a dealership at another city, when I will be taking the car to my local dealership for regular service.
Nah. Buy where you get the deal. All BMW dealers must do warranty work regardless. Who is to say you didn't buy and move to the area? Now because you moved you'd get poor service?!
By the way, I'd write a letter if I had a salesguy asking me my job. That's not pertinent or his business.
thank you so much for your help! he gave me 47% residual and 2.4% money factor...does that help? today he told me 6200 drive off to get 350/month payment.....thank you so much!!
-nick :-)
I answered the question about the job, because I am an attorney and wanted to let them know I was serious and had the cash/credit. I went there 100% ready to buy (right car, color, and options)...until they lied about the amount of the incentive and told me that they'd only sell at MSRP.
At the end (after a tour of the facility), the salesman did mention that he'd love to sell me a car and that way I'd never have any issue about them not having a loaner available when I dropped my car off for service, because if there are two people wanting a loaner, one of whom purchased elsewhere, they'd give it to the customer. Real Impressive. Guess I will be making that drive from Nashville to buy in Memphis.
Your numbers aren't making sense from what I see.
37k for the msrp
32.5k sale price
47% residual
MF of 2.4%
48 months
That 6200 down goes toward what? Are you buying Multiple Security Deposits?
regards,
kyfdx
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regards,
kyfdx (eating crow)
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a. Discount from list price
b. Residual % on 36 and 42 months leases
c. Money factor
Thanks.
- metallic paint
- premium package
- leather
- xenon headlights
MSRP: $35,095
Invoice: $32,205
Out the door price: $31,700
Dealer is in Georgia. I probably could've gotten them down a little lower because of the $1500 dealer incentive, but oh well. I bought the car in Georgia, and so far I am very happy with it - a thrill to drive!
Thanks for any advice/input.
regards,
kyfdx
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