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2010 2011 BMW 5 Series Forum F10 2013 F10 (Oct 2013 Promo) |
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10-17-2013, 01:40 PM | #23 |
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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.
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10-17-2013, 04:53 PM | #24 |
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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.
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10-18-2013, 09:40 AM | #25 | |
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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. |
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10-18-2013, 11:18 AM | #26 |
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11-19-2013, 02:21 PM | #29 |
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11-20-2013, 07:11 PM | #30 |
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Yes
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11-20-2013, 07:12 PM | #31 |
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residual dropped 2% in November, adds $25.00/month on a 39 month/20,00 km lease in Canada.
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11-20-2013, 07:13 PM | #32 |
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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.
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11-21-2013, 12:15 PM | #34 |
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11-21-2013, 02:50 PM | #36 |
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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? |
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11-21-2013, 05:00 PM | #37 | |
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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:
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11-22-2013, 11:54 AM | #38 | |
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11-27-2013, 09:22 PM | #39 |
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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%.
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