View Single Post
      04-21-2020, 08:57 AM   #799
jmciver
///M SubDriver
jmciver's Avatar
United_States
1824
Rep
2,781
Posts

Drives: 2017 M3, 2020 X7 40i
Join Date: Jul 2016
Location: DMV

iTrader: (0)

Garage List
2017 BMW M3  [10.00]
2020 BMW X7  [0.00]
2019 BMW X3  [0.00]
2009 BMW 128i  [0.00]
Quote:
Originally Posted by Mohsinkayub05 View Post
First post here

I got the below quote wondering if I can negotiate further or not.

MSRP: $82,845

APR Credit: $2,500
Loyalty: $1,000
Dealer Discount: $6,130 ($1,000 below invoice)

TOTAL SAVINGS: $9,630

VA Taxes: $3,196.12
VA Tags: $147.50
Dealer Fee: $300

Total out-the-door: $76,858.62
7.4% discount before incentives (if I understand you figures above) is not bad. But if this is an X7 from dealer inventory, they can do better. Don't let the dealer sway you with terms like "$XXXX below invoice" as that has little real meaning now with how new cars are priced and how dealers can make their money. Have you made a counter offer yet? Also, do you have a trade or plan to put anything down? What are they willing to offer for financing? BMW FS or a separate dealer financing company?

As a counter, you could ask for a higher discount (before incentives) like 11% off MSRP and also ask for the base BMW FS APR rate (sometimes called "buy" rate) of 2.99% then continue to negotiate from there. If your Automotive FICO score is 700 or above (which is different than you regular FICO score), you will qualify the top tier rate by BMW FS (which is 2.99% now IIRC)..
__________________
///M3 COMPETITION 6MT - 2017 F80 Smoked Topaz Metallic
BM3 / MP-HAS / GC Camber Plates / Carbonstructure Interior
X7 XDrive 40i ///M-SPORT - 2020 G07 Arctic Grey Metallic

X3 XDrive 30i - 2019 G01 Mineral White (wife's) / 128i 6MT - 2009 E82 Jet Black (son's)

Last edited by jmciver; 04-21-2020 at 09:20 AM..
Appreciate 1