2010 2011 BMW 5 Series Forum F10
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
 

2010 2011 BMW 5 Series Forum F10 BMW 5-Series (F10) Forums Regional Forums CANADA 2013 F10 (Oct 2013 Promo)
Post Reply
 
Thread Tools Search this Thread
      10-17-2013, 01:40 PM   #23
Grover432
Lieutenant
22
Rep
585
Posts

Drives: 2013 535 XDrive
Join Date: Nov 2008
Location: Canada

iTrader: (0)

Quote:
Originally Posted by bobblehead View Post
Not sure if you want to consider buying from other provinces and then bring the car back home ? I knew couple of bloggers who have done this without any issues at all (cash purchase, not leasing or financing).
I'm searching the country for the car I want but have to do so on a dealer by dealer basis because no salesman is going to locate a car for you at another dealer if he can't make a profit on it (which he can't) after he freights it to his dealership and adds the charge. I'm trying to buy at invoice, so not much incentive to the SA.
Appreciate 0
      10-17-2013, 04:53 PM   #24
Gilgorm
Second Lieutenant
Canada
24
Rep
237
Posts

Drives: 2018 640i Xdrive GT
Join Date: Jul 2012
Location: Toronto, Canada

iTrader: (0)

Quote:
Originally Posted by Grover432 View Post
Did you get it at invoice?
Not applicable in my case. I usually buy demo/dealer cars with the equipment I want which are typically one year old with less than 8,000km.
My purchase in July 2012 was highly unusual.
The car had been purchased by an elderly man (90s) who lost his licence two weeks later. His son returned the car for a 3 Series. The F10 had 133 km on the odo and had been licenced three weeks earlier.
The net MSRP was $74,300. The dealer ask was $66,900. After 4.5 hours negotiating I got it for $62,400 plus Admin (399), OMVIC ($5) and plates ($25) for a total of $62,829 and then deducted a trade and then plus tax.
As I stated earlier I had been to other dealers to buy (they were all 2011s) but was unsuccessful. This 2012 was perfect, in a colour I wanted with more equipment than I needed.
Does anyone ever get the deal they want? Who knows. But I was and still am very happy with my experience and the car. In all my years of car buying it was the longest negotiations I have ever had. I almost left twice.

Sorry about the long response.
__________________
2018 640ix GT; Alpine White, Blk Nappa, Piano; M-sport, Premium (Ceramic, SIRIUS, Soft-close, Vent/Massage Comfort seats, Surround, Sunshades, Parking Ass't), Advanced Driver Ass't (Lane keep, Steering/Lane control, Cross traffic, ACC with Stop/Go), Smartphone, Tint.
Retired: 78 300D, 81 300SD, 87 190E, 88 Porsche 924, 89 260E, 93 300E, 97 Volvo 850, 98 E320, 03 BMW 325iT, 02 C230 Sport Coupe, 08 BMW 535i, 12 BMW 535i X-drive
Appreciate 0
      10-18-2013, 09:40 AM   #25
Grover432
Lieutenant
22
Rep
585
Posts

Drives: 2013 535 XDrive
Join Date: Nov 2008
Location: Canada

iTrader: (0)

Quote:
Originally Posted by Gilgorm View Post
Not applicable in my case. I usually buy demo/dealer cars with the equipment I want which are typically one year old with less than 8,000km.
My purchase in July 2012 was highly unusual.
The car had been purchased by an elderly man (90s) who lost his licence two weeks later. His son returned the car for a 3 Series. The F10 had 133 km on the odo and had been licenced three weeks earlier.
The net MSRP was $74,300. The dealer ask was $66,900. After 4.5 hours negotiating I got it for $62,400 plus Admin (399), OMVIC ($5) and plates ($25) for a total of $62,829 and then deducted a trade and then plus tax.
As I stated earlier I had been to other dealers to buy (they were all 2011s) but was unsuccessful. This 2012 was perfect, in a colour I wanted with more equipment than I needed.
Does anyone ever get the deal they want? Who knows. But I was and still am very happy with my experience and the car. In all my years of car buying it was the longest negotiations I have ever had. I almost left twice.

Sorry about the long response.
There are currently 3 cars in the country with the colour and equipment I want. The dealer in Quebec wants invoice plus $2,000. I countered at invoice and am waiting for a reply. There is one in Alberta, but unfortunately the dealer that has it is a large group and is notorious for not doing invoice deals. I'm waiting for a quote, but I think I'd give him invoice plus $1,000 as the car is lightly optioned and fi I had to ship a car from Quebec to my location it would cost me about $1,000. I can fly out and drive the Alberta car home. The third car is at "a Toronto area" dealership. I haven't found it yet though. not sure if I'm likely to do an invoice deal in Toronto.

I have a friend who waits for slightly used car deals like you - nothing wrong with it. His last acquisition was a 3 series cab. The owner had leased it from the dealership with about $10,000 down. He was doing renovation work for them and got into a dispute and quit. The car sat in his garage for about 6 months and my friend took over the very low lease payments because of the huge down payment and then bought the car out at the end of the lease. He saved about $12,000 on a less than year old car.

To compare what I am looking at to your deal: 2013 535 X Drive, M Sport, Executive, BMW Apps, Dark Anthracite trim. Invoice after BMW $5,000 cash = $64,635. Offer + $65,000. MSRP is $77,400 including freight and tire tax.

Update: dealer in Quebec just called to say they can do the deal at invoice. Now just waiting for the western dealer to answer.
Appreciate 0
      10-18-2013, 11:18 AM   #26
bobblehead
Brigadier General
bobblehead's Avatar
Canada
256
Rep
4,721
Posts

Drives: warp speed
Join Date: Aug 2009
Location: Toronto, On

iTrader: (0)

Now, that's persistence in getting a fair value deal.

Just watch out those bogus fees before signing.



Quote:
Originally Posted by Grover432 View Post

Update: dealer in Quebec just called to say they can do the deal at invoice. Now just waiting for the western dealer to answer.
Appreciate 0
      10-18-2013, 10:00 PM   #27
Hut
Enlisted Member
3
Rep
30
Posts

Drives: 2013 328i & 535i xDrive
Join Date: Apr 2013
Location: Toronto

iTrader: (0)

What are the markups on 528i & 535i?

Is the residual values going down next month?
Appreciate 0
      10-19-2013, 05:19 AM   #28
barcelona
Major
barcelona's Avatar
Canada
269
Rep
1,417
Posts

Drives: X
Join Date: Jul 2013
Location: Toronto

iTrader: (0)

^ I think mark ups are 7-8%.
Appreciate 0
      11-19-2013, 02:21 PM   #29
Richard Cranium
Private
0
Rep
78
Posts

Drives: It's a truck
Join Date: Jul 2012
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by Grover432 View Post


Update: dealer in Quebec just called to say they can do the deal at invoice. Now just waiting for the western dealer to answer.
How do you know you're at invoice? Are you using something like carcostcanada to get invoice pricing?
Appreciate 0
      11-20-2013, 07:11 PM   #30
Grover432
Lieutenant
22
Rep
585
Posts

Drives: 2013 535 XDrive
Join Date: Nov 2008
Location: Canada

iTrader: (0)

Quote:
Originally Posted by Richard Cranium View Post
How do you know you're at invoice? Are you using something like carcostcanada to get invoice pricing?
Yes
__________________
2013 535 X Drive, Alpine White/M Sport/Executive/Apps/Black Dakota/Fineline Anthracite
Appreciate 0
      11-20-2013, 07:12 PM   #31
Grover432
Lieutenant
22
Rep
585
Posts

Drives: 2013 535 XDrive
Join Date: Nov 2008
Location: Canada

iTrader: (0)

Quote:
Originally Posted by Hut View Post
What are the markups on 528i & 535i?

Is the residual values going down next month?
residual dropped 2% in November, adds $25.00/month on a 39 month/20,00 km lease in Canada.
__________________
2013 535 X Drive, Alpine White/M Sport/Executive/Apps/Black Dakota/Fineline Anthracite
Appreciate 0
      11-20-2013, 07:13 PM   #32
Grover432
Lieutenant
22
Rep
585
Posts

Drives: 2013 535 XDrive
Join Date: Nov 2008
Location: Canada

iTrader: (0)

Quote:
Originally Posted by barcelona View Post
^ I think mark ups are 7-8%.
8%
3% holdback (off msrp ( not confirmed)
$1,000 cash direct to dealer if the RDR survey completed by the customer is 10/10 on every question.
__________________
2013 535 X Drive, Alpine White/M Sport/Executive/Apps/Black Dakota/Fineline Anthracite
Appreciate 0
      11-20-2013, 07:58 PM   #33
Hut
Enlisted Member
3
Rep
30
Posts

Drives: 2013 328i & 535i xDrive
Join Date: Apr 2013
Location: Toronto

iTrader: (0)

What is "3%" hold back?
Appreciate 0
      11-21-2013, 12:15 PM   #34
Richard Cranium
Private
0
Rep
78
Posts

Drives: It's a truck
Join Date: Jul 2012
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by Hut View Post
What is "3%" hold back?
Its an extra profit component the dealer gets in addition to their gross margin which is generally held back by the manufacturer and then paid out later to the dealer.
Appreciate 0
      11-21-2013, 01:10 PM   #35
bobblehead
Brigadier General
bobblehead's Avatar
Canada
256
Rep
4,721
Posts

Drives: warp speed
Join Date: Aug 2009
Location: Toronto, On

iTrader: (0)

dont forget the volume discount (between dealer & manuf) for selling x # of units per month and for the year
Appreciate 0
      11-21-2013, 02:50 PM   #36
Hut
Enlisted Member
3
Rep
30
Posts

Drives: 2013 328i & 535i xDrive
Join Date: Apr 2013
Location: Toronto

iTrader: (0)

So, on top of the 8% invoice markup. Dealers have these incentives. They keep telling them, they don't have any more room for discounts.

* ~ 3% holdback
* $1K survey credit
* Volume discount

Any margin on freight / PDI? I guess 100% of the admin fee goes to them. Anything else?
Appreciate 0
      11-21-2013, 05:00 PM   #37
bobblehead
Brigadier General
bobblehead's Avatar
Canada
256
Rep
4,721
Posts

Drives: warp speed
Join Date: Aug 2009
Location: Toronto, On

iTrader: (0)

Yup! Freight part is fixed. It's the PDI part that the dealer gets even bigger slice. In general, you will see different dealers will have different prices for Freight/Pdi, such that the PDI portion usually is being charged around $1100 - $1300. I would say it costs the dealer about $400-$500 to prep/wash/detail/complete check over/update software (if applicable) and the rest is all profit.

-prep/wash/detail, dealers use their own people that get paid about $20/hr (probably high in my estimation) and will take about 5 hrs to complete
-service technician will spend another 4 hrs to complete the car's check over of all aspect @ $120 per hour.

-Estimate grand total - $500 cost to dealer, profit from PDI is $500 - $700


Quote:
Originally Posted by Hut View Post
So, on top of the 8% invoice markup. Dealers have these incentives. They keep telling them, they don't have any more room for discounts.

* ~ 3% holdback
* $1K survey credit
* Volume discount

Any margin on freight / PDI? I guess 100% of the admin fee goes to them. Anything else?
Appreciate 0
      11-22-2013, 11:54 AM   #38
Richard Cranium
Private
0
Rep
78
Posts

Drives: It's a truck
Join Date: Jul 2012
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by bobblehead View Post
Yup! Freight part is fixed. It's the PDI part that the dealer gets even bigger slice. In general, you will see different dealers will have different prices for Freight/Pdi, such that the PDI portion usually is being charged around $1100 - $1300. I would say it costs the dealer about $400-$500 to prep/wash/detail/complete check over/update software (if applicable) and the rest is all profit.

-prep/wash/detail, dealers use their own people that get paid about $20/hr (probably high in my estimation) and will take about 5 hrs to complete
-service technician will spend another 4 hrs to complete the car's check over of all aspect @ $120 per hour.

-Estimate grand total - $500 cost to dealer, profit from PDI is $500 - $700
Yep, dealers aint' starving by any stretch even at "invoice".
Appreciate 0
      11-27-2013, 09:22 PM   #39
Grover432
Lieutenant
22
Rep
585
Posts

Drives: 2013 535 XDrive
Join Date: Nov 2008
Location: Canada

iTrader: (0)

My deal was invoice minus the admin fee and theft engraving fee and additional fee for the trickle charger install after which those items were added back to get to invoice which is msrp less 8%. After that deducted $5,000 incentive from BMW, 39 month lease @ .9%.
__________________
2013 535 X Drive, Alpine White/M Sport/Executive/Apps/Black Dakota/Fineline Anthracite
Appreciate 0
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 02:37 AM.




5post
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