06-03-2019, 09:21 PM | #1 |
Banned
1486
Rep 1,268
Posts |
New 2018 M240xi Convertible! What's a good offer?
Hi all,
I spotted a brand new 2018 M240xi Convertible, loaded, on a dealer lot. Their first offer to me was $48200 (off a $60200 MSRP). They are motivated to get rid of the car. What should be a good counter-offer? 48k is still too rich for a car which is two models behind at this point. Thanks. |
06-03-2019, 10:32 PM | #3 |
Second Lieutenant
22
Rep 208
Posts |
Not a ton of differences into 2019 and 2020. 2018 has the updated looks, and 20% off seems pretty good. That said, I got between 8-9% off MSRP on an ordered 2020 (well, initially a 2019..2020 was my re-order). May be worth pushing for a bit more, but I don't know what kind of corporate rebate is still available on a 2018 from BMW to the dealer. If it's partially rebates from BMW for part of that discount, there may be some room. If the price reduction is all from the dealer taking a haircut, not sure if there's more to give. Someone else may know more.
|
Appreciate
0
|
06-03-2019, 11:17 PM | #4 | |
Banned
1486
Rep 1,268
Posts |
Quote:
Yes, hopefully more people respond. P. S. The car has been on their lot for ~250 days. |
|
Appreciate
0
|
06-04-2019, 01:47 PM | #5 | |
Second Lieutenant
22
Rep 208
Posts |
Quote:
Given what you said, I'd expect to be at $45k, given that they'd have to be eager to get it off their lot. Again, may depend on financing and I'm merely speculating, so please don't take me for any sort of negotiating guru. After all, I've now sunk money in a rapidly depreciating asset, unless you count the payoff in smiles |
|
Appreciate
0
|
06-04-2019, 05:11 PM | #6 | |
Banned
1486
Rep 1,268
Posts |
Quote:
Delivered to my doorstep, shipping/tax/reg all that... $47k. I will post the car in a bit. Loaded! Every option checked. I will sell it next year for $40k haha |
|
Appreciate
0
|
06-06-2019, 10:55 PM | #8 | |
Banned
1486
Rep 1,268
Posts |
Quote:
But jokes aside, there are some non-CPO M240xis around easily in the 43k range listed, hanging around for days. These are usually ex demo cars with 5-7k miles on them. Not hard to get the price down to 39k. In fact, there is a custom ordered Estoril Blue/Black 2018 M240xi in St. Paul, MN (about 15 miles from me), fully loaded, with only 7k miles, a set of summer wheels, and 5 yr ding protection by BMW listed at 44.5k. I got him down to $40k... He had just been on the market for a week when I started talking. Give him two more weeks and he will be willing to sell for 39k as his next month's payment come due. So, it is possible. |
|
Appreciate
0
|
08-24-2019, 12:15 PM | #9 | |
Banned
3
Rep 76
Posts |
Quote:
Last edited by MAILIYAT; 08-24-2019 at 02:58 PM.. |
|
Appreciate
0
|
10-03-2019, 02:12 PM | #10 | |
Banned
3
Rep 76
Posts |
Quote:
|
|
Appreciate
0
|
10-07-2019, 10:58 AM | #11 |
Lieutenant
519
Rep 503
Posts
Drives: F22 M240i / E46 330Ci ZHP
Join Date: Dec 2017
Location: San Francisco
|
For reference, in 2018 I got a 2018 M240i with a MSRP of $55,424 for $45,425. The incentive at that time was $3,500 and I also got a $750 loyalty credit for owning a BMW at the time and a $500 corporate credit because my company was signed up for that. Which means that the dealer discount was $5249.
Looks like for this month the finance credit is just $2000, so they would have to offer more of a a dealer discount, which considering the 2 has been through a refresh since then (albeit a slight one) they should be motivated to knock off more to get it off the lot. When negotiating with a dealer, you want to start from THEIR price, not the MSRP. There are plenty of places that you can go and find out the dealer costs. Knock off the finance, loyalty and any other incentive they don't pay for and that's the price to start from. Be careful, because if you get them to let it go for close to their cost, they will try to sneak in stuff at signing, like bump the interest rate up or sell you an extended warranty at a bloated price. |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|