Here is one with 4k miles for $75k

[Beemw1M]

This makes the deals at dealership a steal

http://item.mobileweb.ebay.com/viewitem?itemId=160725301936&index=1&nav=SEARCH&ni d=40727341682

[tpipta]

Dealerships and people trying to make a buck are truly off their rocker with some of the pricing. $25K premium is absolutely crazy and I'd find it hard to believe anyone is going to pay it.

[Beemw1M]

Well on this car, they might have the wining hand. For example, next week all Facebook employees become millionaires. They would spend $80K on this car in a heartbeat. Not everyone is suffering you know

[tpipta]

Originally Posted by Beemw1M

Well on this car, they might have the wining hand. For example, next week all Facebook employees become millionaires. They would spend $80K on this car in a heartbeat. Not everyone is suffering you know

Couldn't agree anymore about people succeeding in recessed economy. I would say the majority of the people on this forum fall into the category. However, the same reason that the four *new* 1M's that are on AutoTrader and Cars.com with a $25k premium haven't sold in the last 3-4 months is the same reason that people will not buy a used car with the same premium. A 50% increase in the MSRP of the car is outrageous. Just my take, I'm sure plenty will disagree, and that's cool too. I fought tooth and nail trying to get a 1M, but couldn't nab an allocation. So I definitely have the utmost appreciation for a car. It's still a liability and not asset regardless of how priceless some people think they are.

Cheers,
Tony

[Beemw1M]

Yeah but I tell you the fact that they have not sold will only help them as spring and summer approach. High season for car sales. 4 cars in the ENTIRE country??? They will sell at asking price. SF BMW just sold a black one at $20K. This is silicon valley baby.$$$$$

[ESC OFF]

..

[Die ///M Rakete]

If you are one of those people buying one of these cars at those kind of mark-up$, I want to recommend the ultimate Mod for you. Better than a tune, exhaust, intake, fmic or coilovers....and it's dealer installed!!!

It's called......wait for it.......

GAP INSURANCE

[Sy546]

Originally Posted by EIN M

If you are one of those people buying one of these cars at those kind of mark-up$, I want to recommend the ultimate Mod for you. Better than a tune, exhaust, intake, fmic or coilovers....and it's dealer installed!!!

It's called......wait for it.......

GAP INSURANCE

banks won't finance a $20k markup so GAP is unnecessary. if your buying it for that big of a markup ur putting almost $20k down. Most of these people don't care about the price. I know someone who bought a fully loaded 1M for $66k ($10k over msrp) b.c it was still the cheapest M car for his son.

remember 4 cars isn't a lot. thats why their asking so much. They will get near their asking depending on their market. Yeah the bmw dealership in middle of idaho might not get a $15k+ markup but in FL, NY, and CA they def. will

[Beemw1M]

Word

[1SerieStud]

Originally Posted by S.hasan546

banks won't finance a $20k markup so GAP is unnecessary. if your buying it for that big of a markup ur putting almost $20k down. Most of these people don't care about the price. I know someone who bought a fully loaded 1M for $66k ($10k over msrp) b.c it was still the cheapest M car for his son.

remember 4 cars isn't a lot. thats why their asking so much. They will get near their asking depending on their market. Yeah the bmw dealership in middle of idaho might not get a $15k+ markup but in FL, NY, and CA they def. will

+1. Most people buying with a premium are buying cash...if money was an issue and they relied solely on financing, a 1M + premium would be a no go - most financial institutions will finance 120% of the value of the car or lower.

[Die ///M Rakete]

Originally Posted by S.hasan546

banks won't finance a $20k markup so GAP is unnecessary. if your buying it for that big of a markup ur putting almost $20k down. Most of these people don't care about the price. I know someone who bought a fully loaded 1M for $66k ($10k over msrp) b.c it was still the cheapest M car for his son.

remember 4 cars isn't a lot. thats why their asking so much. They will get near their asking depending on their market. Yeah the bmw dealership in middle of idaho might not get a $15k+ markup but in FL, NY, and CA they def. will

No buddy, you're wrong. Banks surely do and surely will. Given a sufficent credit score and the necessary income I've seen auto loans of 145% of book value go through easily time and time again.

[1SerieStud]

Originally Posted by EIN M

No buddy, you're wrong. Banks surely do and surely will. Given a sufficent credit score and the necessary income I've seen auto loans of 145% of book value go through easily time and time again.

yeah like 3-4 years ago...that's the reason many people were able to buy things they couldn't afford. Good luck trying to finance 145% of a car's value today!

[Die ///M Rakete]

Originally Posted by 1SerieStud

yeah like 3-4 years ago...that's the reason many people were able to buy things they couldn't afford. Good luck trying to finance 145% of a car's value today!

If I didn't do this for a living I might actually agree with you. However, I do so I don't. Take BMW FS for example. A beacon score of 720+ on any of the three bureaus generates a Super Elite credit rating. That qualifies you for 130% of retail value. Do the math. We do this all day long, althought it is usually done to absorb negative trade equity, mathematically the mark-up would be identical to the deal (loan) structure and hence to the bank.

[1speedbike]

The only people who would buy a car with that much markup have too much money and too little brains. I'd rather get a Boss 302 for the track and weekends and a GTI, MS3 or even a Mini for the commute. Keep the nice car nice and still have a fun car to get you around. No badge is worth $25k markup.

[Papethova]

Originally Posted by 1speedbike

The only people who would buy a car with that much markup have too much money and too little brains. I'd rather get a Boss 302 for the track and weekends and a GTI, MS3 or even a Mini for the commute. Keep the nice car nice and still have a fun car to get you around. No badge is worth $25k markup.

What if you make 25k in 2 days? or a week? Everything is relative

[1SerieStud]

Originally Posted by 1speedbike

The only people who would buy a car with that much markup have too much money and too little brains. I'd rather get a Boss 302 for the track and weekends and a GTI, MS3 or even a Mini for the commute. Keep the nice car nice and still have a fun car to get you around. No badge is worth $25k markup.

Or just get a 1M which serves the purpose of a fun track car AND a fun daily driver...no need for 2 cars, now that's a waste of money!

[mikefromMA]

so that's my listing you're referencing... It's not selling for 75k, it's selling for 60. The car has over $3000 worth of extras and I'm including a set of 19" moda rims with tires...and the tires you ask? dunlop 3d sports. It's brilliant how ignorant and quick to assume gentlemen (and i use the term loosely) such as yourselves have such an opinion with zero understanding of business, strategic pricing, or negotiating power. If an auto collector wants a car which is no longer available, and is of limited production, a 60k price tag is relatively generous considering individuals overseas who have paid more than 20k in taxes just to pay msrp. I'm extremely busy this week, but I'd be more than happy to give a lecture, or workshop for that matter, on market value and strategic pricing with respect to luxury items and their importance to upper society.

[1SerieStud]

Originally Posted by mfmoses

so that's my listing you're referencing... It's not selling for 75k, it's selling for 60. The car has over $3000 worth of extras and I'm including a set of 19" moda rims with tires...and the tires you ask? dunlop 3d sports. It's brilliant how ignorant and quick to assume gentlemen (and i use the term loosely) such as yourselves have such an opinion with zero understanding of business, strategic pricing, or negotiating power. If an auto collector wants a car which is no longer available, and is of limited production, a 60k price tag is relatively generous considering individuals overseas who have paid more than 20k in taxes just to pay msrp. I'm extremely busy this week, but I'd be more than happy to give a lecture, or workshop for that matter, on market value and strategic pricing with respect to luxury items and their importance to upper society.

No thanks! But when you do have some free time, go ahead and remove the stick out of your ass.

[Die ///M Rakete]

Originally Posted by 1SerieStud

No thanks! But when you do have some free time, go ahead and remove the stick out of your ass.

HAHAHAHAHAHAHAHAHAHAHA!!!!

[Sy546]

Originally Posted by EIN M

If I didn't do this for a living I might actually agree with you. However, I do so I don't. Take BMW FS for example. A beacon score of 720+ on any of the three bureaus generates a Super Elite credit rating. That qualifies you for 130% of retail value. Do the math. We do this all day long, althought it is usually done to absorb negative trade equity, mathematically the mark-up would be identical to the deal (loan) structure and hence to the bank.

Yes no one who is reasonably smart would use BMW FS. Using BMW FS is just plain stupid. The rates for the 1M was 4.9% for 60 months. Most credit unions will get you in under 2.5%. I got mine at 1.54% for 60 months.

Oh and if you work for bmw, you know how much you guys sell GAP for. Ive been quoted around $1700. You know how much the credit unions charge? $100-$180. Insurance Companies? $5-$8/month depending on the company. So your recommendation about "dealer installed" Gap insurance sucks.

[Sy546]

Originally Posted by EIN M

No buddy, you're wrong. Banks surely do and surely will. Given a sufficent credit score and the necessary income I've seen auto loans of 145% of book value go through easily time and time again.

Yes sketchy banks and shit high rates will. Financial savvy people won't be buying a $55k car + $20k markup and than deal with a crazy stupid loan. Oh and i deem BMW FS as a shitty option. Credit unions are the best right now and most of them won't go over 120%.

[Sy546]

Originally Posted by 1SerieStud

No thanks! But when you do have some free time, go ahead and remove the stick out of your ass.

Originally Posted by EIN M

HAHAHAHAHAHAHAHAHAHAHA!!!!