[Thescout13]

Originally Posted by JCZ5

How did you determine the other fees to get to that $64K?

That's the part where I'm stuck with, sure I can find the total msrp cost + tax, but the other fees become more difficult, unless I ask them beforehand

When they counter, always ask for a breakdown of the fees. Know what the lease/finance fee is, your local registration fees, the max your state can charge in a doc fee, and you will have all the info you need from there.

[flybigjet]

Originally Posted by JCZ5

How did you determine the other fees to get to that $64K?

That's the part where I'm stuck with, sure I can find the total msrp cost + tax, but the other fees become more difficult, unless I ask them beforehand

You can go to the DMV and ask what your registration fees are. Each state is different-- Some will have the dealer charge title/registration up front. Others will charge you a small fee for a 60 day temp tag and then you'll have to go to the DMV near the end of the 60 days to get your permanent plates-- and pay registration fees.

Taxes can vary, but the money guy at the dealership will be able to tell you what percent you're going to pay. Some states have no tax, some have a flat auto tax, and others tax you by your physical address. As an example, Colorado sales tax is based on your address-- which determines the county tax, local tax, and all of the fun associated ones (RTD, mill levy's, etc.).

As far as the dealership fees, just ask them upfront. I've seen everywhere from no fees at all (Yay!) to almost $1000 in "Dealer doc/prep" fees. These can be tricky, as the dealer can hide a lot of things in seemingly innocuous fees. Also, be sure to determine where the delivery fee is-- It should be in the price of the vehicle, but I've seen it listed as a separate (surprise!) line item.

So, to figure "OTD", you need to know the following:

1. Actual purchase price of the vehicle, including delivery charge.

2. State/county/local taxes.

3. Any additional dealer fees.

4. Registration/title/license fees.

5. Cost of any add-on's to the vehicle (floor mats, PPF, ceramic coating, etc.)

Add them all up, and that's the *real* price of the car.

One other thing to think of that people tend to forget. The dealer will very happily throw all sorts of add-on's into the price of the car; floor mats, car covers, trim pieces, exhaust, paint protection, whatever. Just remember, that all of that goes into the price of the loan-- which, over the course of 3-5 years can make for VERY expensive floor mats.

You're usually better off buying that sort of stuff on your own. As an example, I always get PPF on my cars, and have been going to the same guys for about 20 years. When we bought my wife's RDX, the dealer wanted us to get the PPF through him. Funnily enough, they used the exact same guys I use, but at about a 50% markup. Dealing directly with the PPF guys saved me a lot of money-- both in cost of the job and not paying for it through the length of the loan.

Clear as mud?

R.

Here's an example of a dealer breakdown. You get this BEFORE you sign on the dotted line!

[Conissah]

Originally Posted by JCZ5

How did you determine the other fees to get to that $64K?

That's the part where I'm stuck with, sure I can find the total msrp cost + tax, but the other fees become more difficult, unless I ask them beforehand

Yep, that's what I did. Inquired about the car, got a salesman on the phone (because I was looking at a car out of state), and began talking. After showing him I was serious about buying, I asked what the OTD price on the car would be as it sits. They told me $64,000 something, and I started negotiating. Asking what incentives I would qualify for, and then brought up how long the car had been on the lot etc. I asked for $60,000, and they pretty much delivered. I paid a small refundable deposit, flew up to MD, signed the papers, and left. Easy peasy.

[CPT Smuggs]

@asaily Here's your answer. Group buy at 10% off MSRP new. I would jump on this as you get a new car with the specs you want for roughly the same price as used.

https://f87.bimmerpost.com/forums/sh....php?t=1683816

[asaily]

Originally Posted by CPT Smuggs

@asaily Here's your answer. Group buy at 10% off MSRP new. I would jump on this as you get a new car with the specs you want for roughly the same price as used.

https://f87.bimmerpost.com/forums/sh....php?t=1683816

Thanks I PMed him.

[BigKutta]

Originally Posted by JCZ5

How did you determine the other fees to get to that $64K?

That's the part where I'm stuck with, sure I can find the total msrp cost + tax, but the other fees become more difficult, unless I ask them beforehand

Its pretty simple:

1) Selling price of the car - negotiate down from MSRP (including Destination charge)
2) Sales Tax - Defined by your state, the dealer cant cheat here
3) Dealer processing fees - Not sure what yours are but they vary by state. Make sure you know this in advance
4) Registration/tags fee - This is also pretty much set by state.

So when I negotiate for a car I say that I will offer $X+Sales tax+dealer fees+registration fees, fully knowing what each of these is

[MMMBRAP]

Originally Posted by Montaver

For a couple of extra grand over current used prices you can buy new, seems like a no brainer to me. I found a 2020 car (HS, manual, exec) with the exact spec I wanted around 250 miles away, emailed the dealer saying if they gave me 7% off MSRP I'd pick it up the following weekend. They agreed straight away, this was in October so you may be able to push even harder now. It's a fantastic bit of kit, the more I drive mine the more I love it. Quite different to my former E90 M3.

Ditto this. At this point even with discounts, it doesn't make much sense to buy used.

The car is too new now to depreciate that badly; and IMO, the M2C is not going to depreciate as badly as a new AMG or M3/4.

[BigKutta]

Originally Posted by MMMBRAP

Ditto this. At this point even with discounts, it doesn't make much sense to buy used.

The car is too new now to depreciate that badly; and IMO, the M2C is not going to depreciate as badly as a new AMG or M3/4.

Used prices for M2s are not good at all. You can get a new M2C for $56-60k depending on options, and if you try hard enough. There is no reason to buy a slightly used one, especially after someone is willing to dump it after abusing it for a year (maybe)

[TheHoffmobile]

I think I got lucky with mine. Got it for $56,390 before taxes and fees. 2020 M2 Comp 6m/t with m-performance front splitter, mirrors, spoiler and diffuser. Car had 3,345 miles on it and previous owner ppf'd the full hood, front bumper, mirrors, front lip, spoiler, and window trim. Total price out the door was $61,000 with wheel and tire protection (road hazard warranty, which was approx. $1,900) and prepaid maintenance for 50,000 miles. Original MSRP was $65,000.

[BigKutta]

Originally Posted by RealtorHoff

I think I got lucky with mine. Got it for $56,390 before taxes and fees. 2020 M2 Comp 6m/t with m-performance front splitter, mirrors, spoiler and diffuser. Car had 3,345 miles on it and previous owner ppf'd the full hood, front bumper, mirrors, front lip, spoiler, and window trim. Total price out the door was $61,000 with wheel and tire protection (road hazard warranty, which was approx. $1,900) and prepaid maintenance for 50,000 miles. Original MSRP was $65,000.

Thats a good price because you got a uniquely optioned out M2C (Carbon stuff), with plenty of extras. I haven't seen a similarly optioned M2C in my search.

Maybe its just me but when I'm a couple of grand away from a brand new, undriven car, I just go for the new one. I paid $59k + tax + tags for my new M2C which was stickered at $65k+. But I would love some of the goodies on your car

[TheHoffmobile]

Originally Posted by BigKutta

Thats a good price because you got a uniquely optioned out M2C (Carbon stuff), with plenty of extras. I haven't seen a similarly optioned M2C in my search.

Maybe its just me but when I'm a couple of grand away from a brand new, undriven car, I just go for the new one. I paid $59k + tax + tags for my new M2C which was stickered at $65k+. But I would love some of the goodies on your car

I agree with you. Brand new is always the way to go, but they didn’t have any new 6 speeds in my area and none of the cars had the cf goodies. I figured it has over $3,000 in CF and $2,500 in ppf; those two things sold me.

[jenks.chris106]

2020 m2c 55200 OTD, 1700mi on it and ~4K of mperformance extras.

Big savings over new and it's not an uncommon finding

[TheHoffmobile]

Originally Posted by jenks.chris106

2020 m2c 55200 OTD, 1700mi on it and ~4K of mperformance extras.

Big savings over new and it's not an uncommon finding

Love the silver! Nice find. What parts did it come with? I’m considering adding those winglets, just not sure they are worth $800.

[Thescout13]

Originally Posted by MMMBRAP

Ditto this. At this point even with discounts, it doesn't make much sense to buy used.

The car is too new now to depreciate that badly; and IMO, the M2C is not going to depreciate as badly as a new AMG or M3/4.

Ehh maybe, maybe not. For shits and giggles I had two different Porsche dealerships, and one BMW dealership, appraise my car in the past two weeks (2020 M2C with < 2,000 miles, immaculate condition) while I was kicking the tires on 3 used (2 CPO) 911s (not going to do it, but fun to explore), and all three came back with trade in offers at $44-46k. They were so close in fact that they had to be using the same auction platform valuation. That's doesn't bode too well for the resale "value" of these cars compared to the OG. Sure you could probably get $52-55k on a private sale, but that's the biggest delta I've seen on trade in appraisal vs autotrader used listed price in recent memory.

[silvercas]

Originally Posted by Thescout13

Ehh maybe, maybe not. For shits and giggles I had two different Porsche dealerships, and one BMW dealership, appraise my car in the past two weeks (2020 M2C with < 2,000 miles, immaculate condition) while I was kicking the tires on 3 used (2 CPO) 911s (not going to do it, but fun to explore), and all three came back with trade in offers at $44-46k. They were so close in fact that they had to be using the same auction platform valuation. That's doesn't bode too well for the resale "value" of these cars compared to the OG. Sure you could probably get $52-55k on a private sale, but that's the biggest delta I've seen on trade in appraisal vs autotrader used listed price in recent memory.

run your vin through www.carfax.com/value . What does it say? Looks like you got a 6mt. Seeing prices of those used with same condition at around 50k from a dealer

[Thescout13]

Originally Posted by silvercas

run your vin through www.carfax.com/value . What does it say? What are specs of your car?

I've been doing the whole car shopping thing for a while, and black book, NADA, and Mannheim target ~$45-46k for a trade in including the Carfax value site which is $1k higher with the options selected, but no dealer ever adds in the options when they consider a trade from my experience. Should have mentioned that in my initial post.

Your seeing manual 2020s with less than 2000 miles for $50k? Where? Cheapest I found on autotrader etc is $53 with similar mileage.

[asaily]

Originally Posted by jenks.chris106

2020 m2c 55200 OTD, 1700mi on it and ~4K of mperformance extras.

Big savings over new and it's not an uncommon finding

Originally Posted by jenks.chris106

2020 m2c 55200 OTD, 1700mi on it and ~4K of mperformance extras.

Big savings over new and it's not an uncommon finding

Damn nice find. I'm gonna search both new and nicely equipped used at this point!

How much was the sticker price for your vehicle?

[silvercas]

here is a 2019 - https://www.medfordbmw.com/used/BMW/...9619c89aca.htm

BUT WAIT

here is a 2020 with DCT which normally goes for 3-4k more used - https://www.cars.com/vehicledetail/d...5618/overview/

Right now i cant find the two I saw a few weeks ago. But you can hopefully see where this is going.

[jenks.chris106]

Originally Posted by RealtorHoff

Love the silver! Nice find. What parts did it come with? I’m considering adding those winglets, just not sure they are worth $800.

Carbon spoiler, carbon side vent/fenders, carbon door sills, carbon winglets, self leveling wheel inserts, mperformance projector led, carbon rear diffuser.
There's something else I can't remember but there's another in my neighborhood and mine stands out!

[TheHoffmobile]

Originally Posted by jenks.chris106

Carbon spoiler, carbon side vent/fenders, carbon door sills, carbon winglets, self leveling wheel inserts, mperformance projector led, carbon rear diffuser.
There's something else I can't remember but there's another in my neighborhood and mine stands out!

Very nice! I purchased the floating center caps for $78 and the oem M projectors for $70. Will probably pass on the side vents in cf because my car is black, but will most likely add the side winglets to complete the package. Looks like we both got great cars!