03-02-2020, 10:59 AM | #134 | |
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There are a couple of forum members that have switched from Volvo so they will chime in on their experience. FWIW, I've only had the car for three days but I think BMW has done an exceptional job with making it a true luxury car that can move! You will enjoy driving it!
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03-02-2020, 01:18 PM | #135 |
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I planned on driving my current BMW for 10 years. I'm on year 16 now.
On another note, I just need to rant somewhere. I lost $10k from my X7 fund with the stock market crash last week. Stupid coronavirus. |
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03-17-2020, 10:44 AM | #136 |
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What kind of deal should I expect
Hey guys, newbie here. Been reading for bit though. Currently in a 2018 Inifiniti QX80. Really like the ride but ready for something else with a little more tech in it.
I am near Charlotte, NC and currently looking at 3 cars. One used, one off the loaner fleet and another new. I really like the look of the new one. The white with the black outs is great! But the dealer is not really budging on price. This is the car: Price is $87,595 and dealer is offering $87k out the door. I am also considering this used one: 2019 with 7200 miles, Orig MSRP of $86,845 and dealer is offering out the door for $73,800 The loaner fleet car is: 2020 with 4200 miles, Orig MSRP $89,195 and dealer is offering out the door for $83,300. I love the look of the new one but the price the dealer is offering is barely $2k off MSRP. Which seems really stingy. What do you guys think? The off loaner 2020 is a good deal and probably my second favorite but I guess I am having a hard time taking that one when there is the other used one with only 3k more miles for $10k less out the door. I am just not in love with the black and the interior. Thoughts? |
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03-17-2020, 12:49 PM | #137 | |
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I'm in NC too. That sums up my experience with Leith in Raleigh. I decided to go with a broker and having the vehicle delivered to my door. Working on a deal now that doubled the MSRP discount. |
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03-17-2020, 12:50 PM | #138 |
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03-17-2020, 02:03 PM | #140 |
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03-17-2020, 03:14 PM | #144 | ||
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04-10-2020, 11:20 AM | #146 |
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04-15-2020, 07:22 PM | #147 |
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I would say 15%-20% off and possibly stretch to 25% off deals will be here sooner than most realize. Sales are down to a trickle, massive uncertainty in the market. I would suggest try to throw the 20% number and see if it sticks.
https://www.bloomberg.com/news/artic...?sref=iev1GAZs |
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04-15-2020, 08:18 PM | #148 | |
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04-16-2020, 06:43 AM | #149 |
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Actually, considering where the global economy is heading due to COVID-19, discounts at those levels could mean that they are losing some money, at least on a per car basis in the current vehicle inventory. However, big and very profitable business like BMW have very large cash reserves and are most likely looking at the long term profit picture. Also, BMW, like other large companies with franchises, are finding ways to help their privately owned dealerships weather the storm from a short term cash flow perspective. Sales and profit figures for the few months of COVID-19 will definitely hurt, but in the long term (as long this down economy does not last too long), big companies like BMW will be just fine - and still make their money. All that bing said, it should mean good deal opportunities for the consumer whose income is unaffected by the COVID-19 situation, at least in the coming months.
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04-16-2020, 09:49 AM | #150 | |
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I mean GM didnt have enough during 2008/2009. I don't equate big to necessarily smart with their cash. The Airlines are toast and they were having record years of profit, but instead of saving some, they bought their own stock back. I mean they still probably would be in trouble either way due to how bad it has gotten for air travel, but they pretty much were in trouble right away. There are companies that you think are large and solid and cant pay next month's rent on their buildings. That being said we were thinking of upgrading our X5 to and X7 next year, but man if the prices really come down we may do it now.
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04-16-2020, 10:46 AM | #151 | |
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Throw the 20% off number and see if it sticks. This relief rally on Wall Street will end sooner than later at that point more dealerships will accept a price. Quite a lot of big companies are over leveraged hence the government is stepping in to help with unlimited QE. Only thing left for the Fed to do now is take the corporate debt on to their books and let the companies start from scratch. We are living in scary times. |
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04-17-2020, 10:47 AM | #152 |
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If you had a trade-in and needed to have an X7 build, given the current environment, when would you head to the dealership to get the best deal? Given the factory is closed, does it make sense to wait until it is back up and running or go now? thanks for your input.
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04-18-2020, 02:00 AM | #153 | |
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04-18-2020, 10:04 AM | #154 | ||
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I'm suspecting but .... , discounts will not be as good until 3rd quarter as supply is limited and production slots are hard to get. I'm watching the market for a potential 2nd car
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