[6734202]

There's one locally, built in 06/15, dealer is selling as new. 6MT, loads of M Perf Accessories, MPE, LSD, M Steering Wheel....which is my guess why it hasn't moved.

Would you guys buy a 'new' car that's 1.5 years old already?

Also, what kind of discount should I ask for?

[phoenixbmwlife]

What's the list price?
I agree it sounds like they put a lot of upgrades on it and made it super expensive. It's prob listed above $60,000.

$6,000+ off that's a good start. If you're buying the depreciation is already huge right now cause we are going into 2017. I would not lease this car if leasing is still available cause you're paying for some of those upgrades but BMW is keeping the car with the upgrades in the end.

I would check to see all the rebates and credits available on the 2015s so you know.

[Gatte]

Originally Posted by w0ng_way

There's one locally, built in 06/15, dealer is selling as new. 6MT, loads of M Perf Accessories, MPE, LSD, M Steering Wheel....which is my guess why it hasn't moved.

Would you guys buy a 'new' car that's 1.5 years old already?

Also, what kind of discount should I ask for?

I can sell you my estoril blue used one for $36500 with 10550 miles.

[6734202]

Originally Posted by PhoenixWolf

What's the list price?
I agree it sounds like they put a lot of upgrades on it and made it super expensive. It's prob listed above $60,000.

$6,000+ off that's a good start. If you're buying the depreciation is already huge right now cause we are going into 2017. I would not lease this car if leasing is still available cause you're paying for some of those upgrades but BMW is keeping the car with the upgrades in the end.

I would check to see all the rebates and credits available on the 2015s so you know.

List is 55,700. Wouldn't lease, purchase only. It's basically bone stock, but with CF and M Perf add-ons. Depreciation is what I'm worried about. KBB shows 2015 235i at high 30's, even with 20% discount the car is still at 44,500.

[6734202]

Originally Posted by Gatte

I can sell you my estoril blue used one for $36500 with 10550 miles.

Haha thank you, but can't do the blue!

[jpnh]

Originally Posted by w0ng_way

Haha thank you, but can't do the blue!

Couple places I would start pushing them to chop right away

Dealer over charges for the LSD......its commonly avail for 2-2100 and if they've charged you to install it (~400) then they should knock that right off the top because its a no labor charge upgrade on the M240 now and can be ordered from the factory

That right there is ~$800 off the top

A lot of the tech bits that were optional in the M235 are now standard on the M240 so.....


Considering its 1.5 years old
New model is out and includes some of the charge options for free now

You can get an M240 new for 42k without much effort if you are willing to order this time of year

KBB on the car is already taking a hit

Its hard to say exatctly but you have nothing to lose by offering them a low ball offer of 39k

I personally wouldnt pay more than 40k for it at this point......you can get a brand new M240 now.....

[6734202]

Yea I offered 40k they didn't bite. Thanks all for confirming my gut!!

[jpnh]

Originally Posted by w0ng_way

Yea I offered 40k they didn't bite. Thanks all for confirming my gut!!

Thats just my own opinion on price but there's a reason why its still there......

For the list price you can get an M2 and then some........

Where's the incentive for someone to purchase an 18 mo old discontinued model when you can get a full blown M2 for that OR the replacement model for a fraction of that

[6734202]

Yea it's got cool factor for sure but I think I'd rather not eat 10-15k of depreciation right off the bat.

[Beartato]

Originally Posted by w0ng_way

Yea it's got cool factor for sure but I think I'd rather not eat 10-15k of depreciation right off the bat.

Why even look at new cars then?

Also, is this your car? http://www.bmwofsterling.com/new/BMW...ccae08e01a.htm

I gotta say, all those options are really sweet, but understandably the age isn't helping the price.

If I recall the 4 year warranty starts when the car was produced, not purchased, so that's a detractor.

I'm thinking mid to upper 40s depending on your negotiating skills.

[6734202]

Originally Posted by Beartato

Why even look at new cars then?

Also, is this your car? http://www.bmwofsterling.com/new/BMW...ccae08e01a.htm

I gotta say, all those options are really sweet, but understandably the age isn't helping the price.

If I recall the 4 year warranty starts when the car was produced, not purchased, so that's a detractor.

I'm thinking mid to upper 40s depending on your negotiating skills.

That's the one, yea. Don't get me wrong - I'm ok with depreciation. Sometimes it's less than expected. But as soon as I drive this car off the lot it's literally worth 10k less. That's not financially advisable in my opinion.

If anyone is interested, they immediately went to 47,700. I got them to 45,500 (GM says that's his bottom). My guess is if I were serious I could get another 1-2k more. Obviously they're desperate to sell!

[Beartato]

Originally Posted by w0ng_way

That's the one, yea. Don't get me wrong - I'm ok with depreciation. Sometimes it's less than expected. But as soon as I drive this car off the lot it's literally worth 10k less. That's not financially advisable in my opinion.

If anyone is interested, they immediately went to 47,700. I got them to 45,500 (GM says that's his bottom). My guess is if I were serious I could get another 1-2k more. Obviously they're desperate to sell!

To be frank what's about 1-2K on a 45K car? I'd tell em 45K flat, to make you feel like you're getting a deal, and see. Seems reasonable to me if you really wanted the car.

Think about it this way, most of those options you can't even order anymore from the factory (painted front lip/rear diffuser/special steering wheel/shift knob/M-perf exhaust), and those are expensive items. If you already planned to do those mods just the price of those alone is pushing $5K without installation. If you didn't plan to do those mods and you're just looking to get a quick deal because it's a MY15 car walk away. Otherwise 45K for a new car with all those options seems more than reasonable, warranty notwithstanding. Maybe they can throw on an extended warranty for free or super reduced to make you feel a little better about the warranty issue, eh? Just an idea.

[6734202]

Not sure if I really want the car is the problem. And no way I would do those mods on my own. Maybe MPE...

But, yea if I really wanted the car - no doubt I could've gotten to a place where I felt it was a good enough deal. Shoot honestly 45,500 is pretty decent from the MSRP it started at. Biggest concern was always the MY15 and the affect it would have on resale/value. Which is why I was thinking it had to be a REALLY good price to even consider buying it.

[Mr Carrots]

Originally Posted by jpnh

Thats just my own opinion on price but there's a reason why its still there......

For the list price you can get an M2 and then some........

Where's the incentive for someone to purchase an 18 mo old discontinued model when you can get a full blown M2 for that OR the replacement model for a fraction of that

This has been a fairly common theme with my dealer interactions around here, I tell them I can get a brand new m240i with 8-9% off MSPR, incentives AND fleet so why on earth would I pay them the ridiculous prices they're asking for 15's and 16's?

None of them budge and keep claiming these older cars are worth the $50k++ MSRP they once commanded, and how paying high 40's for them is a great deal for me.

I'm glad I bought mine new from a non-dbag dealership

[jpnh]

Originally Posted by Mr Carrots

This has been a fairly common theme with my dealer interactions around here, I tell them I can get a brand new m240i with 8-9% off MSPR, incentives AND fleet so why on earth would I pay them the ridiculous prices they're asking for 15's and 16's?

None of them budge and keep claiming these older cars are worth the $50k++ MSRP they once commanded, and how paying high 40's for them is a great deal for me.

I'm glad I bought mine new from a non-dbag dealership

The only thing I can think of is that they have a ton of money into them.....so much so that they are willing to take a chance on holding onto them until spring when someone who is not knowledgeable is willing to make an impulse buy on a beautiful spring day.....

I'm lucky, my sales guy is hands down the best I've ever worked with, he's knowledgeable and we agreed to a fair price and he kept me informed the whole way through the order/delivery

No surprises

Its the way it should be and I communicated my overwhelmingly positive experience in a survey and have friends that will be contacting him over new cars in next couple months

Its all about repeat business and thats all predicated on how customers are treated

[6734202]

Yea - gives you a glimpse of how much profit margin they're actually working with. Talked to a GM who was upfront with me about an M2. He said he'd much prefer selling with a trade/financing. And if I was willing to deal on those fronts he'd be willing to sell me the M2 as it's a chance for him to make a little more margin. Perhaps not the most ethical guy, but honest. And again shows the circumstances they're dealing with. Starting to think the ones that look at customers as overall margin figures rather than individual car buyers are ones that will be more honest and forthcoming.

[BEM-S4]

Originally Posted by Beartato

Why even look at new cars then?

Also, is this your car? http://www.bmwofsterling.com/new/BMW...ccae08e01a.htm

I gotta say, all those options are really sweet, but understandably the age isn't helping the price.

If I recall the 4 year warranty starts when the car was produced, not purchased, so that's a detractor.

I'm thinking mid to upper 40s depending on your negotiating skills.

That's 100% wrong about the warranty. It starts when the car is put into service either when sold new, is classified as an exec demo or begins life as a loaner car.

[Pparana]

Originally Posted by w0ng_way

Yea it's got cool factor for sure but I think I'd rather not eat 10-15k of depreciation right off the bat.

Good call, cars are deprecating assets, 2 year old new car is a 2 year old used car to resale world. Plus a car sitting for 2 years is not ideal for components. High 30s retail low 30s wholesale, If someone does want this they should look to be in the middle of that range.

[Pparana]

Originally Posted by w0ng_way

Yea - gives you a glimpse of how much profit margin they're actually working with. Talked to a GM who was upfront with me about an M2. He said he'd much prefer selling with a trade/financing. And if I was willing to deal on those fronts he'd be willing to sell me the M2 as it's a chance for him to make a little more margin. Perhaps not the most ethical guy, but honest. And again shows the circumstances they're dealing with. Starting to think the ones that look at customers as overall margin figures rather than individual car buyers are ones that will be more honest and forthcoming.

I usually finance cars via dealer for a few months then pay off, dealer makes more and the interest float for 3 months in negligible. You end up having more negotiation power than cash buy, which is least profitable.

[6734202]

Originally Posted by BEM-S4

That's 100% wrong about the warranty. It starts when the car is put into service either when sold new, is classified as an exec demo or begins life as a loaner car.

Yea I read up on the warranty on BMW's website last night. Definitely starts at sale date.

[6734202]

Originally Posted by Pparana

Good call, cars are deprecating assets, 2 year old new car is a 2 year old used car to resale world. Plus a car sitting for 2 years is not ideal for components. High 30s retail low 30s wholesale, If someone does want this they should look to be in the middle of that range.

Truth! 2 Years of sitting....ouch.

[Beartato]

Originally Posted by BEM-S4

That's 100% wrong about the warranty. It starts when the car is put into service either when sold new, is classified as an exec demo or begins life as a loaner car.

Sick, thanks for the clarification.