[Footman614]

I am in negotiations for a 2020 new M8 convertible, non demo. I know I have read discounts claimed by forum members of up to 25%. I really don't think that is possible on a purchased M8. I could maybe understand that high of discount on a Leased vehicle. The dealership is offering a 17% discount on a $150k M8. Have any members gotten a higher discount on a purchased, not leased vehicle. If so, could you give details either on this thread or sending me a PM. The dealer told me BMW is not presently offering any factory money on the M8. Thanks for any input!

[Wolfman64]

There is zero difference between a purchased or leased vehicle.
You first negotiate the price. When done you decide which way to pay for it.

[RJC-1]

Originally Posted by Wolfman64

There is zero difference between a purchased or leased vehicle.
You first negotiate the price. When done you decide which way to pay for it.

Unless he's purchasing paying cash, as when someone leases/purchases through BMW the dealer can make money on the back end which can help the dealer give him a higher % off MSRP, but may also dilute the reality of that % of discount unless he can get the buy-in rate. If the person pays cash there's nothing directly like this on the back end...

[BMW Lunatic]

Originally Posted by Footman614

I am in negotiations for a 2020 new M8 convertible, non demo. I know I have read discounts claimed by forum members of up to 25%. I really don't think that is possible on a purchased M8. I could maybe understand that high of discount on a Leased vehicle. The dealership is offering a 17% discount on a $150k M8. Have any members gotten a higher discount on a purchased, not leased vehicle. If so, could you give details either on this thread or sending me a PM. The dealer told me BMW is not presently offering any factory money on the M8. Thanks for any input!

Dude why not just lease ? Unless you plan on keeping the car for Atleast 6 years of ownership ? In 3 years time with LCI this thing will be worth 70k .
I understand everyone has their own needs - even a fender bender on the carfax will tank the value .

[Footman614]

I'm not opposed to leasing and I completely agree about the risk of taking a CarFax hit. I'm not sure how the lease rates would on a 2020. I am definitely checking that out. Thanks!

[Wolfman64]

Originally Posted by RJC-1

Unless he's purchasing paying cash, as when someone leases/purchases through BMW the dealer can make money on the back end which can help the dealer give him a higher % off MSRP, but may also dilute the reality of that % of discount unless he can get the buy-in rate. If the person pays cash there's nothing directly like this on the back end...

While the dealer gets kick backs off the financing (profit sharing model) it should ideally not impact anything else but financing or lease specific incentives.
But is surprising to many that cash is the less desirable payment method

Always recommend to work with the dealer on the selling price first instead of focusing on the monthly payment.

[RJC-1]

Originally Posted by Wolfman64

While the dealer gets kick backs off the financing (profit sharing model) it should ideally not impact anything else but financing or lease specific incentives.
But is surprising to many that cash is the less desirable payment method

Always recommend to work with the dealer on the selling price first instead of focusing on the monthly payment.

Unfortunately it does, as if they jack the MF enough they can offer a misleading higher % off which can be 0 sum gain to the buyer and unbeknownst to them.

Yep, selling price first is paramount, directly followed by terms MF etc.

[Vic55]

Originally Posted by Wolfman64

While the dealer gets kick backs off the financing (profit sharing model) it should ideally not impact anything else but financing or lease specific incentives.
But is surprising to many that cash is the less desirable payment method

Always recommend to work with the dealer on the selling price first instead of focusing on the monthly payment.

You are correct, work the cash price first in any lease as the terms and mileage allowances are not dealer manipulated...only the price and as mentioned the possibility of rate markup.

BMW has a limited money factor markup as well vs Porsche, Benz, Toyota, etc at "only" .0004.... against a base .00099 its a decent percentage but still no other highline lender has rates at .00139 let alone .00099 unless its a subvented program and those are not prevalent on these types of cars. AMG base is .00235 and PFS is .00200; dont even ask about Audi LOL.

I would never ever buy an M8 with cash as its beyond a depreciating asset. My buddy bought a 165k M8 Vert and he cant even get a 105k acv right now.

[RJC-1]

Originally Posted by Vic55

You are correct, work the cash price first in any lease as the terms and mileage allowances are not dealer manipulated...only the price and as mentioned the possibility of rate markup.

BMW has a limited money factor markup as well vs Porsche, Benz, Toyota, etc at "only" .0004.... against a base .00099 its a decent percentage but still no other highline lender has rates at .00139 let alone .00099 unless its a subvented program and those are not prevalent on these types of cars. AMG base is .00235 and PFS is .00200; dont even ask about Audi LOL.

I would never ever buy an M8 with cash as its beyond a depreciating asset. My buddy bought a 165k M8 Vert and he cant even get a 105k acv right now.

yikes, that's terrible.

[Wolfman64]

Originally Posted by Vic55

You are correct, work the cash price first in any lease as the terms and mileage allowances are not dealer manipulated...only the price and as mentioned the possibility of rate markup.

BMW has a limited money factor markup as well vs Porsche, Benz, Toyota, etc at "only" .0004.... against a base .00099 its a decent percentage but still no other highline lender has rates at .00139 let alone .00099 unless its a subvented program and those are not prevalent on these types of cars. AMG base is .00235 and PFS is .00200; dont even ask about Audi LOL.

I would never ever buy an M8 with cash as its beyond a depreciating asset. My buddy bought a 165k M8 Vert and he cant even get a 105k acv right now.

Wow, eye watering depreciation.

On the positive side; MF is now reduced to a 0.00082.
The car is so cheap to lease; with discounts at a sub-$1200 a month rate they should even be easy to unload on swapalease, if needed. But this is a lot of car for the money...

[Vic55]

Originally Posted by Wolfman64

Wow, eye watering depreciation.

On the positive side; MF is now reduced to a 0.00082.
The car is so cheap to lease; with discounts at a sub-$1200 a month rate they should even be easy to unload on swapalease, if needed. But this is a lot of car for the money...

Ive said this over and over:

The best day of a BMW FS lease is the first day and the last.

['Cane]

You’re in FL? Most dealers here are crap, but the place I got my M8 from has a Cabrio available, and they are the absolute best. DM me if you want the info for my guy there.

[LSM]

For someone who leases and who likes the M8 has to love the opt to get into a 160k car for 1200/mo

That just doesn't exist outside of the M8 for that priced car if you are payment shopping

[bloozemanAZ]

Originally Posted by Wolfman64

Always recommend to work with the dealer on the selling price first instead of focusing on the monthly payment.

Totally agree and ironically that is what I learned from my Dad whom was a buy and hold purchaser (kept his cars at least 10 years). One memory I have forever ingrained in my brain is him walking away from a deal as he wouldn't budge on the $600 that the dealer wanted over my Dad's offer. I was about 12 at the time and was excited to have the new car so needless to say I was crushed. He could tell and told me "don't worry I'll get the deal I want when they're ready plus $600 buys a lot of gas". Sure enough the following week he closed the deal at his price (and paid with a check). Back then $600 did buy a lot of gas so it was a lesson well learned.

Roll the clock forward to my first vehicle purchase in 1992 when I went into the closest dealer and started looking a salesman approached and struck up the conversation. After the quick intro on his part literally the next words out of his mouth were "so how much of a monthly payment are you thinking about". I steered the conversation away from that to the C1500 I was looking at and ultimately ended up ordering one to my color specs at close to my targeted price based on Edmund's (back then it was a semi-annual magazine) data for invoice cost.

[RJC-1]

Originally Posted by 'Cane

You’re in FL? Most dealers here are crap, but the place I got my M8 from has a Cabrio available, and they are the absolute best. DM me if you want the info for my guy there.

I agree, got mine there (SE FL) and my particular dealer was terrible other than for price.

If I wanted to trade my 950 mile 9 mo old M850 for an M8 coupe with an MSRP of +/-150k will it be a $hit show or would/can it make sense? I got $23k off the $123k msrp and buy in MF (there was no trade, nor sec depos).

[Wolfman64]

Originally Posted by RJC-1

I agree, got mine there (SE FL) and my particular dealer was terrible other than for price.

If I wanted to trade my 950 mile 9 mo old M850 for an M8 coupe with an MSRP of +/-150k will it be a $hit show or would/can it make sense? I got $23k off the $123k msrp and buy in MF (there was no trade, nor sec depos).

Your situation normally equates to maximum loss (less than a year in) so at first glance a bad move.

But...
I assume you are leasing the 850? The question is how much under water you are on the car (current buyout minus ACV). High monthly?
If so it would be possible to get a super deal on a M8 coupe/cab and even with the extra money from the 850 be lower than the 850 payment itself.

But some dealers are generous in trade-ins due to low used car inventory and needing to move new cars. They take a loss in the high trade-in.
Naturally not a BMW dealer

It won't hurt to check on it though. You might be surprised...

[Wolfman64]

Originally Posted by Vic55

Ive said this over and over:

The best day of a BMW FS lease is the first day and the last.

True. I am actually surprised with all the subventing BMWFS is doing that they aren't playing with shorter terms and pull aheads.

Besides the horrendous AMG MF I like MB's 30 months terms for another RV bump and then get a 5-6 month pull ahead.

That normally makes for a nice 2 year package. Given that I don't get bored with cars quite as quickly as you do

[RJC-1]

Originally Posted by Wolfman64

Your situation normally equates to maximum loss (less than a year in) so at first glance a bad move.

But...
I assume you are leasing the 850? The question is how much under water you are on the car (current buyout minus ACV). High monthly?
If so it would be possible to get a super deal on a M8 coupe/cab and even with the extra money from the 850 be lower than the 850 payment itself.

But some dealers are generous in trade-ins due to low used car inventory and needing to move new cars. They take a loss in the high trade-in.
Naturally not a BMW dealer

It won't hurt to check on it though. You might be surprised...

Thanks, you're following my thoughts/hopes. Yes, leasing 36mos 10k per year, payment w/tax in is $1168, I have no idea what the ACV is but can easily find out the buyout.

Anyone know a dealership that's wants to work uber aggressive deals with in stock M8 taking in an uber low milage M850? Please let me know. TIA

[bloozemanAZ]

Originally Posted by Wolfman64

Your situation normally equates to maximum loss (less than a year in) so at first glance a bad move.

But...
I assume you are leasing the 850? The question is how much under water you are on the car (current buyout minus ACV). High monthly?
If so it would be possible to get a super deal on a M8 coupe/cab and even with the extra money from the 850 be lower than the 850 payment itself.

It won't hurt to check on it though. You might be surprised...

I've been toying with the idea as there is a new BMW dealer here in Phoenix that has two M8C coupes that match my specs. The catch 22 is they both have the Driving Assistance Package 2 shit show situation which is sans 3D view. I keep toying with checking out a deal but the reality dictates that the 3D view is so beneficial I use it daily when parking in my tight garage it just becomes a show stopper even though I can likely lower my lease payment by several hundred dollars and end up with a M8C.

[RJC-1]

Originally Posted by bloozemanAZ

I've been toying with the idea as there is a new BMW dealer here in Phoenix that has two M8C coupes that match my specs. The catch 22 is they both have the Driving Assistance Package 2 shit show situation which is sans 3D view. I keep toying with checking out a deal but the reality dictates that the 3D view is so beneficial I use it daily when parking in my tight garage it just becomes a show stopper even though I can likely lower my lease payment by several hundred dollars and end up with a M8C.

I have DA and DAPro and 3D view, is the DA2 an M8 thing? What is the "driver's package" in the M8?

[bloozemanAZ]

Originally Posted by RJC-1

I have DA and DAPro and 3D view, is the DA2 an M8 thing? What is the "driver's package" in the M8?

Yes, DA2 (ZDX) is on the M8 as well thanks to BMW's illogical thinking when they introduced it for 2020. In my opinion it never made sense from day 1 for the 8-series but perhaps an option for a stripped down 1, 2 or 3 series. My first 2020 M850i order was DOA due to DA2 and once my 2nd order was placed successfully with DA (ZDA) I still hammered on BMW NA to stop the insanity on their website in which only ZDX was offered in the configurator. ZDX finally was eradicated in January of this year for the 2020s on the BMW NA website and not even an option on the 2021 8-series period.

[Wolfman64]

Originally Posted by RJC-1

Thanks, you're following my thoughts/hopes. Yes, leasing 36mos 10k per year, payment w/tax in is $1168, I have no idea what the ACV is but can easily find out the buyout.

Anyone know a dealership that's wants to work uber aggressive deals with in stock M8 taking in an uber low milage M850? Please let me know. TIA

I have seen some people having $1800 payments on 850’s (well spec’d or special edition).
If you are already paying less than $1200 you will likely have a big increase. Just FYI