BMW
X7 and XM
forum
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW X7 (G07) Forums X7 Vendors Classifieds BMW broker here, ask me anything!

Post Reply
 
Thread Tools Search this Thread
      10-10-2020, 10:00 AM   #1
Next Level Auto Brokers
Captain
Next Level Auto Brokers's Avatar
1022
Rep
779
Posts

Drives: M car specialist
Join Date: Apr 2020
Location: NY, NY, CT, PA, MD, VA, DE, FL

iTrader: (0)

BMW broker here, ask me anything!

I've done this for a the M3/M5 folks with amazing feedback, and I'm humbled at the positive response.

More importantly, I hope the members here can use the info to arm yourselves against the dealers who may not be as forthcoming to get the best deal possible on these amazing cars.

I broker 80-100 BMWs alone on a given month, and I'll try to use my knowledge to knowledge of the game to help those shopping around.

Again, I will do my best not to self-promote and keep it fun and educational!

Thanks, and ask away!

Link to the M3 AMA post:
https://f80.bimmerpost.com/forums/sh....php?t=1714335

Last edited by Next Level Auto Brokers; 11-28-2020 at 09:01 PM..
Appreciate 2
Haris161.50
      10-10-2020, 12:00 PM   #2
stockguru
Second Lieutenant
United_States
87
Rep
216
Posts

Drives: BMW X7
Join Date: May 2020
Location: NYC

iTrader: (0)

Always was curious who pays for the freebies like floormats and key chains when they are thrown in. My SA said it comes out of his pocket. I didn't really believe him
Appreciate 1
      10-10-2020, 02:07 PM   #3
crackerjack15
Captain
crackerjack15's Avatar
836
Rep
991
Posts

Drives: 2024 X5 50e
Join Date: Aug 2015
Location: West Virginia

iTrader: (0)

Do you charge a flat fee or a percentage of sale?
Appreciate 0
      10-11-2020, 03:19 PM   #4
Next Level Auto Brokers
Captain
Next Level Auto Brokers's Avatar
1022
Rep
779
Posts

Drives: M car specialist
Join Date: Apr 2020
Location: NY, NY, CT, PA, MD, VA, DE, FL

iTrader: (0)

Quote:
Originally Posted by stockguru View Post
Always was curious who pays for the freebies like floormats and key chains when they are thrown in. My SA said it comes out of his pocket. I didn't really believe him
Oh great question!

It comes out of the dealer profit. Most SA make a flat $200-$400 per unit + a percentage share of anything over invoice.


To answer your question, if you deal is really good, they won't give free floormats
Appreciate 1
      10-11-2020, 03:20 PM   #5
Next Level Auto Brokers
Captain
Next Level Auto Brokers's Avatar
1022
Rep
779
Posts

Drives: M car specialist
Join Date: Apr 2020
Location: NY, NY, CT, PA, MD, VA, DE, FL

iTrader: (0)

Quote:
Originally Posted by crackerjack15 View Post
Do you charge a flat fee or a percentage of sale?
I charge a flat to the customer instead of building it in with the dealer.

It's much more transparent when a broker charges the customer a flat.
Appreciate 0
      10-11-2020, 03:46 PM   #6
malba2366
Private First Class
75
Rep
185
Posts

Drives: M3, X7
Join Date: Sep 2020
Location: CA

iTrader: (0)

Do you know how much the dealer get for getting a customer to finance through BMW?

Also, is there any way for the customer to figure out the actual buy rate from BMW fs?

On my order dealer is marking up the rate and saying they’re not. I know my credit score from multiple sources is 800+/income more than adequate so no reason for rate to be 2.9% vs 1.9%.

I want to tell them that if they don’t give me the buy rate then I’m in just going to pay it off in full the second I can.
Appreciate 0
      10-11-2020, 06:11 PM   #7
Next Level Auto Brokers
Captain
Next Level Auto Brokers's Avatar
1022
Rep
779
Posts

Drives: M car specialist
Join Date: Apr 2020
Location: NY, NY, CT, PA, MD, VA, DE, FL

iTrader: (0)

Quote:
Originally Posted by malba2366 View Post
Do you know how much the dealer get for getting a customer to finance through BMW?

Also, is there any way for the customer to figure out the actual buy rate from BMW fs?

On my order dealer is marking up the rate and saying they’re not. I know my credit score from multiple sources is 800+/income more than adequate so no reason for rate to be 2.9% vs 1.9%.

I want to tell them that if they don’t give me the buy rate then I’m in just going to pay it off in full the second I can.
Yes!

Buy rate for BMWFS finance on a 2021 is 1.9% for up to 60 months, and 2020 is 0.9% for 60 months.

The max dealers can mark up is 1% which is probably what you are seeing. It kills a good chunk of the dealer discount if they play this game.

Great question!
Appreciate 0
      10-11-2020, 07:20 PM   #8
malba2366
Private First Class
75
Rep
185
Posts

Drives: M3, X7
Join Date: Sep 2020
Location: CA

iTrader: (0)

Thanks! I read somewhere they lose some commission from BMW if the loan is paid off to early. Is this true? If it is, and I threaten to do this they may change their tune.

I have to finance to get all the BMW incentives.
Appreciate 0
      10-11-2020, 07:50 PM   #9
JMAN1111
First Lieutenant
United_States
227
Rep
338
Posts

Drives: F86 Black Fire X6M, F16 X6 50i
Join Date: Nov 2017
Location: South Florida

iTrader: (0)

Will the x7 be refreshed for 2022?

If yes, will the Alpina xB7 be refreshed as well?
Appreciate 0
      10-12-2020, 08:54 AM   #10
Next Level Auto Brokers
Captain
Next Level Auto Brokers's Avatar
1022
Rep
779
Posts

Drives: M car specialist
Join Date: Apr 2020
Location: NY, NY, CT, PA, MD, VA, DE, FL

iTrader: (0)

Quote:
Originally Posted by malba2366 View Post
Thanks! I read somewhere they lose some commission from BMW if the loan is paid off to early. Is this true? If it is, and I threaten to do this they may change their tune.

I have to finance to get all the BMW incentives.
I can't remember if it's 60 days or 90 days, but yes they will lose the commission if it's paid before then.
Appreciate 1
      10-12-2020, 10:18 PM   #11
nv6425
Lieutenant
62
Rep
481
Posts

Drives: X7 Dark Shadow
Join Date: Sep 2011
Location: Houston, TX

iTrader: (0)

Shout out to OP, I sent him a PM on a deal I was working (no opportunity for him to make any cash on the deal) and he was very helpful and super quick to respond.

Thank you for your contribution, it's guys (assume you're a male) like you whom make this forum so useful.
__________________
///M
Appreciate 3
      10-13-2020, 12:59 AM   #12
Resjudicata
Colonel
Resjudicata's Avatar
United_States
1599
Rep
2,935
Posts

Drives: M850i convertible
Join Date: Jun 2019
Location: Dulles Virginia

iTrader: (0)

Quote:
Originally Posted by Next Level Auto Brokers View Post
Quote:
Originally Posted by malba2366 View Post
Do you know how much the dealer get for getting a customer to finance through BMW?

Also, is there any way for the customer to figure out the actual buy rate from BMW fs?

On my order dealer is marking up the rate and saying they’re not. I know my credit score from multiple sources is 800+/income more than adequate so no reason for rate to be 2.9% vs 1.9%.

I want to tell them that if they don’t give me the buy rate then I’m in just going to pay it off in full the second I can.
Yes!

Buy rate for BMWFS finance on a 2021 is 1.9% for up to 60 months, and 2020 is 0.9% for 60 months.

The max dealers can mark up is 1% which is probably what you are seeing. It kills a good chunk of the dealer discount if they play this game.

Great question!
this is great info! well done, thanks.
Appreciate 1
      10-13-2020, 07:51 AM   #13
Next Level Auto Brokers
Captain
Next Level Auto Brokers's Avatar
1022
Rep
779
Posts

Drives: M car specialist
Join Date: Apr 2020
Location: NY, NY, CT, PA, MD, VA, DE, FL

iTrader: (0)

Quote:
Originally Posted by nv6425 View Post
Shout out to OP, I sent him a PM on a deal I was working (no opportunity for him to make any cash on the deal) and he was very helpful and super quick to respond.

Thank you for your contribution, it's guys (assume you're a male) like you whom make this forum so useful.
This is awesome, thank you!

Yes, I be a male haha
Appreciate 1
      10-13-2020, 07:13 PM   #14
malba2366
Private First Class
75
Rep
185
Posts

Drives: M3, X7
Join Date: Sep 2020
Location: CA

iTrader: (0)

On my X7 order I am getting BMW apr cash, loyalty and $500 from the penfed/truecar program.

Will I able to add OL to that? I signed up for a BMW event, but don't want to waste my time going there if I can't apply the code.


THanks
Appreciate 0
      10-13-2020, 09:09 PM   #15
Saejin
Captain
728
Rep
986
Posts

Drives: None
Join Date: Apr 2019
Location: Nowhere

iTrader: (0)

Quote:
Originally Posted by malba2366 View Post
On my X7 order I am getting BMW apr cash, loyalty and $500 from the penfed/truecar program.

Will I able to add OL to that? I signed up for a BMW event, but don't want to waste my time going there if I can't apply the code.


THanks
I was shopping around today and dealer told me the pended $500 could not be stacked with the APR and Loyalty...said I would only get $3500...not $4000.

Can you confirm that it's stackable. I need some leverage with the dealer. Thx
Appreciate 0
      10-14-2020, 09:12 AM   #16
malba2366
Private First Class
75
Rep
185
Posts

Drives: M3, X7
Join Date: Sep 2020
Location: CA

iTrader: (0)

Yes it can be stacked. You can’t stack the other penfed offer (I believe $3250 when not financing through bmw) with apr/loyalty but the $500 works.
Appreciate 1
      10-14-2020, 11:38 PM   #17
Haris
Lieutenant
Haris's Avatar
United_States
162
Rep
481
Posts

Drives: F82 BMW M4
Join Date: Feb 2007
Location: NJ

iTrader: (0)

Garage List
Shout out to OP (Dan)! I worked with Dan to place my order for X7 M50i. It was a smooth and efficient process. Placed order on Monday and X7 is already in production now
__________________
2021 BMW X7 M50i + 2015 BMW M4
Retired: 2018 Audi Q7 | 2015 BMW X5 xDrive35i | 2012 BMW X5 xDrive50i | 2010 Audi S4 | 2007 335i Coupe
Creator of Leasematic - Lease/Loan Calculator | iOS App Store | Android Google Play
Appreciate 2
      10-22-2020, 08:29 PM   #18
dnanrub
Only dead fish go with the flow
United_States
13
Rep
74
Posts

Drives: 17 M3 ZCP
Join Date: Jan 2011
Location: North of Philly

iTrader: (0)

x7 Lease

I'm looking at a lease with an MSRP of 87,545 including 995 destination. Is the residual value calculated based on the number including destination or does it exclude destination?

So with a 55% residual is it 48,149.75 or 47,602.50?

thx!

Last edited by dnanrub; 10-22-2020 at 08:36 PM..
Appreciate 0
      10-22-2020, 09:21 PM   #19
Resjudicata
Colonel
Resjudicata's Avatar
United_States
1599
Rep
2,935
Posts

Drives: M850i convertible
Join Date: Jun 2019
Location: Dulles Virginia

iTrader: (0)

Quote:
Originally Posted by dnanrub View Post
I'm looking at a lease with an MSRP of 87,545 including 995 destination. Is the residual value calculated based on the number including destination or does it exclude destination?

So with a 55% residual is it 48,149.75 or 47,602.50?

thx!
I think it's just MSRP without the fees.
Appreciate 0
      10-23-2020, 06:44 AM   #20
Next Level Auto Brokers
Captain
Next Level Auto Brokers's Avatar
1022
Rep
779
Posts

Drives: M car specialist
Join Date: Apr 2020
Location: NY, NY, CT, PA, MD, VA, DE, FL

iTrader: (0)

includes destination
Appreciate 1
      10-24-2020, 12:13 AM   #21
Heimdall
The Centurion
Heimdall's Avatar
No_Country
137
Rep
451
Posts

Drives: BMW X7 M40i
Join Date: Feb 2020
Location: Mars

iTrader: (0)

Garage List
  [0.00]
How would you rate a lease deal as a good deal
Based on the monthly payment Vs MSRP
Is it 1% or more or less or irrelevant?
__________________
From the East to the West through the rest of the World
Appreciate 0
      10-24-2020, 11:47 PM   #22
Next Level Auto Brokers
Captain
Next Level Auto Brokers's Avatar
1022
Rep
779
Posts

Drives: M car specialist
Join Date: Apr 2020
Location: NY, NY, CT, PA, MD, VA, DE, FL

iTrader: (0)

I think the 1% rule is a good starting point
For those who don't know: https://www.leaseguide.com/articles/...e-car-leasing/

For BMW it's more about dealer discount and how much incentives BMWFS is giving.
Appreciate 2
Heimdall136.50
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:12 PM.




xbimmers
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST