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BMW Z4, Coupe, Convertible
#161 of 511 For what its worth
Apr 06, 2005 (6:43 am)
I own an RX8 6 Speed ( that forum seems much livelier than this one BTW) but I recently helped my GF buy a Z4.
After much driving around including a horrible Bait and Switch at one dealer where we walked out with the manager on his knees trying to get us to go back( I have owned BMW's and was surprised at this behavior, both the grovelling, and the B&S, not a typical dealer in my experience), she purchased:
A Silver/Black 2003 3.0 auto ( she doesn't drive a manual), with 600 miles, full warranty, for $34K. it is basically brand new.
She is not a slave to fashion and living in RI it is only a 3 season car so the "older" model doesn't bother her.
A good deal?
#162 of 511 Re: At these prices, is it even smart to buy used? [tmchow]
Apr 06, 2005 (6:44 am)
Read my posting earlier, ( for what its worth) I forgot to mention that the car was also CPO.
Apr 06, 2005 (5:09 pm)
I had a great experience today. I had sent out emails to three dealers looking for prices on a 2.5 Z4 with power top, and heated seats. I was using the TMV price as a target and my preferred dealer came back with a price just over $2000.00 below the TMV price. I was more than pleasantly surprised. I realize they have incentives going on now, but I thought that the TMV price took those into consideration. I just returned from putting down my deposit and I will pick up the car in a few days. I had the most pleasant experience that I have ever had in purchasing a car.
#164 of 511 Also looking for affirmation
Apr 07, 2005 (7:32 pm)
While shopping for "something else" I test-drove a pre-owned Z4, and liked it! I then found one that I thought I would buy, and had made what I considered a decent deal. Then, while looking for other info on the web, I found this forum, and maybe wondering if I am doing a smart thing (being smitten sometimes makes you lose focus).
details: 2003 Z4, jet black, tan leather, 2.5, 5-speed, premium pkg, convenience pkg, xenons, heated seats, wood trim, foglights, premium hi-fi.
less than 3,400 miles. from a BMW dealer, and is CPO. so that's the balance of the 50k original factory warranty, plus 2 add'l years and another 50k for 100k total
(I understand that the second 50k isn't as comprehensive as the first 50k, but the CPO plan looked pretty good to me).
Purchase price: $30k.
Thoughts? For me, it's a lot of money, and I just want to be prudent with it.
Apr 07, 2005 (10:56 pm)
Just bought mine (end of March).
3.0, PrPkg, SpPkg, Xen, Heat, Step
$41k cap cost. mf = .0022
I'm fairly certain others could do better, but owing to the complexity of my situation, this dealer really went to bat for me and thus I am more than happy with it and more than willing to give them something on both the cap cost and the mf.
Oh, and fwiw, he DID try to raise the fee from $625 to $825, but grinned rather sheepishly when I called him on it.
Second fwiw, I had to walk out (literally) on this deal, get in my car, and drive home. During said drive, they called 4x, so I know this deal (and probably one even better for less complex deals) is not difficult to achieve.
Apr 08, 2005 (11:49 pm)
I'm seeing wildly different prices here on 2.5 and 3.0.
I'm now thinking of leasing as it may be a better option as I plan on only keeping the car for 3 years.
I'm looking for either a 2.5 or 3.0, but want it fully loaded WITH navigation. I figure I'm getting a new car, why scrimp on the creature comforts
1) I'm located in Seattle area, just wondering what people have managed to swing in terms of deals lately. I that "thankthepasser" scored a fairly nicely equipped 3.0 for the invoice price that Edmunds quoted me for a fully equipped 2.5! Only diff I see is navigation.. seems like "Thankthepasser" got a GREAT deal.. or are there other options that he is missing?
2) Is the Money Factor to shoot for these days 0.0020?
3) Is the standard "acquisition fee" $625 or $675?
Apr 09, 2005 (3:04 pm)
Does the current $4500 dealer incentive on the 3.0 apply to cars that are ordered, or just to cars already on the lot? I can't find the car I really want anywhere, and if I get it, it will have to be ordered.
#168 of 511 Re: Dealer Incentives [rockhound_ms]
Apr 10, 2005 (5:12 am)
the car would have to be delivered before the incentive period is over....
unless th eincentive period is extended.
#169 of 511 Got pricing today from dealer..
Apr 10, 2005 (5:56 pm)
I went to the dealer today and he gave me some figures to think about. Pricing is for 2005 models (brand new).
-Both have premium audio and M sport seats, WITHOUT navigation
-~$40,000 with $1500 dealer profit
-includes $2500 incentive and further $1500 discount
-~$42,250 with $1500 dealer profit
-includes $4500 incentive and further $2000 discount
The salesguy showed me his computer screen and stated that the MSRP is 8% above invoice price, and showed me his screen with a "wholesale" cost, which he said is the same thing as the Invoice. I did notice that there were charges for "MACO" ($200) and "Training" ($180). Not sure if I shoudl be paying those.
WHen asked about "money factor" for leases, he stated it was 0.0024 (5.76%).
Any comments on the above pricing, "wholesale" vs. invoice and the money factor?
#170 of 511 Re: Got pricing today from dealer.. [tmchow]
by kyfdx@Edmunds HOST
Apr 10, 2005 (8:35 pm)
1) Did the dealer happen to show you the MSRP on these two examples?
2) Training is broken out on the dealer's invoice, but it all adds up to the same invoice price you see from other sources.. MACO is a regional or local advertising charge that the dealer pays to BMWNA for that particular car.
3) The "base rate" money factor is .0020, so the dealer is marking up the rate the maximum allowed (not good).