Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
3499 messages, Last post on Dec 04, 2009 at 9:29 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
This situation seems very odd to me. I would like opinions. I have been corresponding via email with a BMW Dealer about the purchase of a car. I gave an out the door price, the dealer said he would accept the offer. I had given the dealer the color combination I wanted and the options I wanted. The Dealer said he would sell the car at the price I stated, but wanted a deposit so he could locate the car. I replied, I would gladly give a deposit if the Dealer guaranteed me that the exact car I wanted would be available. (I know sometimes certain Dealers will not give up certain cars in Dealer trades.) The Dealer wrote me back and said, "In life nothing is certain but death and taxes, I need a deposit to secure your car. I will have it in about 1 to 2 weeks." I wrote back and said, "I will gladly give a deposit, if you guarantee me that you can secure the exact car I want, with the exact options I want, at the exact price we discussed, and a 1 to 2 week time frame as you suggested. I want to know for certain the car is available." The Dealer wrote back again, and said " I have explained myself, I need a deposit to continue, or we need to move on" I wrote back to the Dealer and said, "we need to move on. I all honesty I have never heard of anyone giving a deposit on a car or any tangible item without a guarantee that the item actually exists." Does this Dealer seem shady?
|
|
|
|
|
Replying to: bmwdoug (Dec 10, 2005 5:34 pm) |
|
|
Replying to: rainmaker2 (Dec 11, 2005 9:12 am) Again, I think it is wrong and unethical to take a deposit when you don't even know if the car exists or if you don't know a Dealer will trade. I have NEVER experienced a request for a deposit on an item of any type that may not even exist. |
|
|
Have a offer on the table for a CPO 525i with automatic and premium package with about 25K miles from a BMW dealer. Dealer was originally asking about $39,000 and is agreeing to sell the car now for $37,250. Do you guys think this is a fair deal. The price I quoted excludes TT&L. Locer in Texas
|
|
|
Replying to: locer (Dec 19, 2005 7:19 pm)
|
|
|
Replying to: bmwdoug (Dec 19, 2005 8:19 pm) I also have another offer for a demo 2005 525i with 14000 miles for $38500, but this car does not have CPO. However, it has the 5-spoke wheels and xenon, which the 2004 did not have. As a result, is it worth paying a little more for a 2005 even though it doesn't have CPO?
|
|
|
Replying to: locer (Dec 20, 2005 12:17 pm) |
|
|
Replying to: bmwdoug (Dec 11, 2005 11:04 am) At least in California all deposits are refundable. PERIOD. The dealer wants to be sure that you are dead serious about the car and wants you to put a nominal (2-3%) down on your CC so that he knows that you are not taking him for a ride. Once he gets your deposit, he will start searching and calling the dealers he knows he can work with. Imagine if you were in his place, you did all the leg-work and then the buyer backs out at the last minute. He does not want that to happen so wants some commitment. You might wonder why he does not guarantee you a car? He can not because even if the car is available at a nearby dealer, he can not be sure that he can get it. This is because the car might be sold before he can get it. Even worse, if for some reason you had already called the other dealer to negotiate for the car, the other dealer will not trade the car. So he is right in saying that there is no guarantee. If I was in your place, I would put the $1K on a CC whose billing cycle just closed. Then I would have at least a few weeks before I am actually supposed to pay the cc company; enough time for the dealer to work with.
|
|
|
Replying to: vsaxena (Dec 21, 2005 9:14 am) Good advice there... |
|
| I love my car, but i am now wanting an M3. Im about to sell my '03 525i (28k miles) and am confused about the CPO status. Would the CPO status transfer to anyone i sold the car to? | |
You are here:
Forums
Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2011 BMW 5 Series
Browse by Board
Browse by Topic
Today's Chats
