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You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Sedan, Wagon
May 09, 2005 (12:11 pm)
Ok, I knew I was in a BMW dealership. They only had BMW's for sale. So how come the salesman was able to sit right in front of me a offer me MSRP with a straight face?
I decided to nix the leasing deal I was considering and buy/order a new (my first BMW) 530 2006 with a MSRP of ~$50,000. So I asked the dealer what his invoice was and he said, what does that have to do with anything? I knew the invoice but I wanted to confirm it with him to make sure he would not throw on some junk prep cost.
I asked him then how much he wanted for the car? he said $50,000 - or MSRP!!
I did a double take and looked around to make sure I was in the BMW dealership and not a Ferrari dealership. If it was a Ferrari, I would have been ecstatic at that offer.
I then got up and starting to walk out. Then the sales manager came out and got me back to the salesman's desk. "What can I do to make you happy and get this deal done?". I said $1500 over invoice.
Needless to say, I ended up leaving and now I am wondering if all BMW dealers are like this one.
It appears that these 530 BMW's are as hot as Internet stocks in 1999.
How long before these dealers start asking for MSRP +++ ??
#1687 of 4028 Re: MSRP? [scotlow]
May 09, 2005 (5:05 pm)
Welcome to BMW.
May 09, 2005 (5:05 pm)
I went to BMW dealer today in So. Cali and test drove the 2006- 530i (without the sports package). But the one I really liked was with the sports package. After 15-20 minutes of haggling the salesman offered me at 58,000.00 out the door.
2006 - 530i w/ sports package with Navigation. The tax and dmv fees come out around 9% of the value so the price of around 52,200.
I like to know if anyone else got a better deal??
#1689 of 4028 Money Factor for buyers new to BMW
May 09, 2005 (6:15 pm)
If you've never owned/leased a BMW before are they allowed to offer base Money Factor? Last night I was told by a dealer that because I'd never been financed by BMW, the lowest money factor available for a '05 530i was 0.00140, not 0.00125.
This was the first time I'd heard that.
Have my numbers been wrong all this time?
#1690 of 4028 Re: 2006 - 530i [jakethesnake]
May 09, 2005 (6:33 pm)
I'm confused. You were offered 58K for a 530i with sports and nav??
Here are the numbers Edmunds shows:
Auto Trans: 1275
MSRP = 54370 (Invoice: 49845)
(I'm assuming it had the premium package, because I've been told and it seems logical that there aren't any 530i coming off the boat without it.)
#1691 of 4028 Re: Money Factor for buyers new to BMW [damienwg]
May 10, 2005 (5:52 am)
damien; thats totally untrue. dealers will try to mark up the money factor. if they do that, walk away and find yourself an honest dealer. i have never been financed by BMW and was given base rates by several dealers.
scottlow; i had heard there are no discounts given yet to the 06 models. but 2 dealers that i had been negotiating with for an 05 a few weeks back, sent me emails last week out of the blue, saying if i wanted i can get an 06 for 1500 over invoice. again; this was totally unsolicited by me, they were the ones that offered it.
depends where youre located i guess. if youre in the nyc area, i can recommend dealers for both of you. difeo and rallye both offered 1500 over invoice on any 06 that i wanted without me even asking. and manhattan and westchester both didnt mark up the MF...maybe because they are owned by BMWNA.
good luck to both of you.
#1692 of 4028 Re: Money Factor for buyers new to BMW [damienwg]
by kyfdx HOST
May 10, 2005 (6:50 am)
I think he is somewhat accurate... For returning lessees, the security deposit is waived.. For a new customer, they have to pay a security deposit or take a .00015 bump to the money factor...
It is always a better deal to make the security deposit and keep the base rate..
#1693 of 4028 Re: 2006 - 530i [jakethesnake]
May 10, 2005 (7:47 am)
I just picked up my 06 530i two weeks ago.
Premium Sound Package
Sirius Satellite Radio
MSRP was 52665. I paid 49720 + tax, or 52703 out the door. All other fees and MACO were included in final price. I got this price because I am in the new car dealership business - so he did me a favor as I would do for him if he was buying a car from me.
I would say you got an EXCELLENT deal on an 06. Most of the dealers around here are selling them for MSRP - remember, this is an 06 and they just came out.
Enjoy your new 530i - I sure am!
May 10, 2005 (8:14 am)
Thanks for the input guys.
I am certain that the car did not included Premium Package or Prmium Sound Package or Satellite Radio....only thing I was getting was Sports Package, Navigation and Automatic Transmission. 58K out the door.
hihomike enjoy your ride...i know mine was awesome for that 10mins of test drive. Maybe I'll wait little longer until I can get a deal like yours or maybe your buddy can offer me the same deal.
#1695 of 4028 Re: hihomike's and jakethesnake's '06 deals
May 10, 2005 (10:05 am)
Based on invoice pricing, hihomike's deal works out to $1,430 over invoice, which is consistent with the $1,500 over deals offered to petp. That's good news for prospective buyers of the '06 5-series. To be able to get $1500 over invoice when the new models are just being released is good for us consumers.
Regarding jakethesnake's deal, if his car does only have SP, NAV, and AUTO, then at $52,200, it works out to $4,065 over invoice, or $370 below MSRP. While there are regional differences in pricing, I would be surprised if they amounted to this much, and each region in this case (NY vs. LA) is a major metropolis, making similarities more likely than differences. Finally, a car with NAV and AUTO that lacks PP would IMO be harder to move (meaning that a dealer could be more willing to discount). Most buyers who opt for these two features would pay the extra bucks and want leather.
No word yet though from anyone on Euro Delivery pricing relative to invoice?