01-08-2020, 08:08 PM | #661 | |
New Member
2
Rep 5
Posts |
Quote:
With respect to deposit while booking the order, I had another dealer asking for 5K security deposit. My local dealer asked for $500 as deposit. I wrote a cheque which they will hold and return at the time of delivery. Do you guys think I can still negotiate MF and possibly look at another dealer(who agrees for base MF) before picking up delivery ? |
|
Appreciate
0
|
01-08-2020, 09:31 PM | #662 |
Captain
173
Rep 901
Posts |
I think you have a couple of options:
1) Get a new lease deal from an out of state dealer and pay to get the car shipped to you. It will definitely be cheaper than paying the higher MF. Only thing is I think the residuals are 1% lower now so need to take that into account. Let me know if you need a good contact. 2) Speak with a leasing company. I routinely get deals from leasing companies that are substantially better than the dealers offers. They buy in bulk and are effectively able to negotiate better pricing.
__________________
Sold: 2020 X7 M50 White Mineral with Ivory & Blue, 2017 X6M Long Beach Blue with Mugello Red, 2014 X6M Monte Carlo Blue with Mugello Red, 2011 X6 5.0 Black on Black, 2008 E350 4Matic Silver, 2006 Infiniti M45 Diamond Graphite
|
Appreciate
0
|
01-08-2020, 09:55 PM | #663 | ||
Brigadier General
4363
Rep 4,246
Posts |
Quote:
__________________
Current BMWs - '20 X5 xDrive40i M Sport, '20 BMW M550i | Past BMWs - '03 E39 540iT M Sport, '06 E53 4.8is, '11 E70 M Sport LCI
|
||
Appreciate
0
|
01-08-2020, 10:00 PM | #664 | |
Brigadier General
4363
Rep 4,246
Posts |
Quote:
Another is going out of state and having it shipped or experience a BMW Performance Center delivery - you'll still need to have it shipped or enjoy a cross country road trip home. During my PCD there was an owner taking delivery of their X7 and driving it back to Colorado.
__________________
Current BMWs - '20 X5 xDrive40i M Sport, '20 BMW M550i | Past BMWs - '03 E39 540iT M Sport, '06 E53 4.8is, '11 E70 M Sport LCI
|
|
Appreciate
0
|
01-08-2020, 10:14 PM | #665 | |
Captain
173
Rep 901
Posts |
Quote:
__________________
Sold: 2020 X7 M50 White Mineral with Ivory & Blue, 2017 X6M Long Beach Blue with Mugello Red, 2014 X6M Monte Carlo Blue with Mugello Red, 2011 X6 5.0 Black on Black, 2008 E350 4Matic Silver, 2006 Infiniti M45 Diamond Graphite
|
|
Appreciate
0
|
01-09-2020, 05:50 AM | #666 | |
Registered
0
Rep 2
Posts |
Quote:
Would you mind sharing the dealer you went to? I'm in Houston as well and am looking for the best deal in this area. Thanks |
|
Appreciate
0
|
01-09-2020, 10:56 AM | #667 |
Private
29
Rep 67
Posts |
|
Appreciate
0
|
01-09-2020, 11:45 AM | #668 |
Registered
0
Rep 2
Posts |
|
Appreciate
0
|
01-09-2020, 04:48 PM | #669 |
New Member
0
Rep 7
Posts |
What kind of prices are you seeing for X7's? Built an X7 M50i with an MSRP of 112,125.00. I made an offer of 102,033.00. Roughly 9% off MSRP. Good deal or go back for more off?
|
Appreciate
0
|
01-09-2020, 10:01 PM | #672 |
Second Lieutenant
37
Rep 209
Posts |
|
Appreciate
0
|
01-10-2020, 06:11 AM | #673 |
///M SubDriver
1837
Rep 2,784
Posts
Drives: 2017 M3, 2020 X7 40i
Join Date: Jul 2016
Location: DMV
|
So I have a negotiating question regarding incentives based on the last few posts... I have read in multiple places that when negotiating, it is always best to negotiate the final price of the car BEFORE bringing any incentives/credits/rebates to the table. But since those credits are a direct profit for the dealer (essentially cash directly from the manufacturer to the dealer) wouldn't it be good to use those incentives in parallel with negotiating the initial offer price?
For example, BMW currently offers 4 basic credits for new car sales: Finance/Lease, Loyalty, Military, and College Graduate - each with a certain monetary value that is profit for the dealer. If a buyer is qualified for more credits, which means more profit for the dealer regardless of the final sale price, wouldn't the dealer be more willing to offer a higher percentage off MSRP? In my case, I am eligible for 3 of those 4 credits, which this month equates to a total credit of $4250. So my initial offer to a dealer might be: "I want 10% off MSRP and I am eligible for a total BMW credit of $4250" (I plan to finance, not lease, but I would not mention that yet at this point in the negotiations). 10% off MSRP is on the higher end of what people seem to be getting. But I would think a dealer would be more willing give to a higher percentage off MSRP due to the credits I am eligible for (which I believe is higher than your average buyer). Am I off in my negotiating logic?
__________________
///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) |
Appreciate
0
|
01-10-2020, 07:47 AM | #675 | |
Captain
173
Rep 901
Posts |
Quote:
__________________
Sold: 2020 X7 M50 White Mineral with Ivory & Blue, 2017 X6M Long Beach Blue with Mugello Red, 2014 X6M Monte Carlo Blue with Mugello Red, 2011 X6 5.0 Black on Black, 2008 E350 4Matic Silver, 2006 Infiniti M45 Diamond Graphite
|
|
Appreciate
0
|
01-10-2020, 10:18 AM | #677 | |
///M SubDriver
1837
Rep 2,784
Posts
Drives: 2017 M3, 2020 X7 40i
Join Date: Jul 2016
Location: DMV
|
Quote:
To your point about time of year wrt how willing dealers are to offer better deals, that is a variable definitely at play and is what it is I guess. Although, the $4250 in incentives that I am qualified for based on the Jan 2020 update is the highest I have seen thus far (which surprised me admittedly). I am in the DMV area, with a lot of dealers within a 50 mile radius around DC. But I plan to reach out to dealers within a 500 mile radius, specifically targeting high volume dealers, in an effort to get the best deal.
__________________
///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) |
|
Appreciate
0
|
01-10-2020, 11:00 AM | #678 |
Captain
173
Rep 901
Posts |
Got it, that's helpful.
__________________
Sold: 2020 X7 M50 White Mineral with Ivory & Blue, 2017 X6M Long Beach Blue with Mugello Red, 2014 X6M Monte Carlo Blue with Mugello Red, 2011 X6 5.0 Black on Black, 2008 E350 4Matic Silver, 2006 Infiniti M45 Diamond Graphite
|
Appreciate
0
|
01-10-2020, 12:55 PM | #681 | |
Second Lieutenant
37
Rep 209
Posts |
Quote:
Also find the transaction to be cleaner and easier to negotiate when you first negotiate the MSRP discount pre incentive. Plus manufacture money can change month to month, and by securing the pre incentive discount, your discount is more "guaranteed". |
|
Appreciate
0
|
01-10-2020, 02:33 PM | #682 |
Second Lieutenant
37
Rep 209
Posts |
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|