04-02-2020, 01:15 PM | #155 |
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@23109VC yeah, most people do not even consider leasing a M2 due to the horrendous rates.
My response is purely on buying a M2C
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04-02-2020, 01:33 PM | #156 |
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Well, if you're looking for a sign of the apocalypse.....
I had to call my SA today for a piece of paperwork that my credit union wanted for my loan. 45 min later, the head finance guy at the dealership called me and pretty much begged me to take the loan from them if they could match/beat terms- with 90 days upfront with no payments. I'm waiting to hear back what he comes up with. It would make the purchase easier, so if they beat the rate, I don't care where the loan comes from. R.
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04-02-2020, 01:59 PM | #157 | |
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04-02-2020, 03:15 PM | #158 | |
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04-05-2020, 12:35 PM | #159 | |
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04-06-2020, 12:57 PM | #162 |
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Updated with April program -- no changes.
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04-06-2020, 01:21 PM | #163 |
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Haha $250 off MSRP? Is this in the SocCal area? That is very surprising at a time like this, but I guess if there is a captivated market with little supply...
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04-06-2020, 01:56 PM | #164 | |
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04-06-2020, 05:47 PM | #165 |
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Cool-- thanks for the head's up.
I'm picking up my 2020 M2C tomorrow (Tues). I'd financed a bit of it through my credit union at 2.74 @ 60 months, but the finance guy at the dealership just emailed me and said I'm good to go through them at 2.49 for the same term. Works for me. |
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04-06-2020, 09:20 PM | #166 |
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Has there ever been a negative rate auto loan before? I'd guess not. I picked up a Mazda 3 in 2010 and got 0% for 60 months. I wonder what kind of crazy incentives we will see as the economy craters.
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04-12-2020, 08:13 PM | #167 |
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Any more stories lately? I'm "curiouser and curiouser" as this drags out. There are plenty of M2Cs on the lots and (probably) not too many customers. Makes me think and that, ladies and gentlemen, is a dangerous thing. lol
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04-12-2020, 08:41 PM | #168 | |
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Most dealers only have 1 on the lot. In that case, they may be inclined to hold onto it and see what happens. In addition, medphysdave posted a great theory that BMW may cancel MY21 all together. All we know right now is there is a stalemate between supply and demand and the result is for dealers to hold and see what happens.
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04-13-2020, 11:17 AM | #169 | |
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I was truly interested to see how low the M2C would go but the problem is that the minimum (dealer actual cost) is unknown. If they could be had new for ~52k, that is a helluva bargain. But, your idea that everything is stagnant (meaning no new inventory coming) is a good foil to my thought of lowered prices. I will be interested to see how this plays out in the real world. Thanks again for your education. I never liked the actual business world--theoretical was much more fun. |
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04-13-2020, 12:31 PM | #170 | ||
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I wish you can get one for $52K. However, based on my personal experience pre-COVID, it's about $56K best price with executive package and the dealer added carbon mirror caps, etc. during Covid, it's a hit or miss based on the supply argument I mentioned earlier. But if we assume all is well and dealers are motivated to move, I would think $1-2K more off that price? The reason I say this is because the dealer I worked with was pretty incentivize to move and they would not budge under $56K. However, they were willing to ship it to me. So account for around $1K shipping cost they would spend out of their pockets
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04-13-2020, 05:00 PM | #171 |
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How does anyone have any luck emailing dealerships? Every response I get for pricing inquiries is MSRP on these now like the people responding are not interested at all in talking with me.
I assume they're having little/no issue moving m2s now |
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04-13-2020, 08:52 PM | #172 |
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The question is how are you emailing your dealers? You have to go right to the point and do your homework. For example, you have to say I'm looking for $XXX out the door or X% off. If you agree, I will sign the paperwork right now
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04-13-2020, 09:13 PM | #173 |
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I agree 100%. No chit-chat or mincing words. The fewer the better. "I would like to purchaser vehicle X for Y dollars OUT THE DOOR." I do not like the X% off approach, as they can still tale-end you with bullshit add-on costs, fees, etc. Whereas OUT THE DOOR is OUT THE DOOR. You write them a check for Y dollars and they give you the key and title. Interesting fact about this that many might not know. . . If you indicate Y dollars out the door, you will find the actual purchase price to be less than amount you agreed to pay out the door. The finance agent at dealership will retro-calculate all the taxes, fees etc to make things equate to the out the door price. Makes you feel even better about the purchase price, BUT it must also be taken somewhat into account in your offer. ///AVM |
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04-16-2020, 08:42 PM | #175 | |
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I've been watching and will be what the new M2Cs are doing. |
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04-21-2020, 10:09 AM | #176 | |
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