There is a dealer in my area that still has 3 new 2024 BMW M8 convertibles that I am looking at (and one new 2024 M8 Gran Coupe). They are all the same exterior color and MSRP are within $1000 of each other too.
I talked to a salesman in person today and their initial offer was $9k off MSRP (of $155k, so about 5.8%) plus the $11k in rebates. The salesman was a nice guy and had made some comments prior to numbers suggesting they were really trying to get rid of these (I believe their website shows they have a couple 2025 M8’s already coming). I told him I’m waiting on bonus check from work that I’d need for the down payment (which I am, should be this week or next) and he was nice and said no rush that he works next on Thursday and we can touch base and work on numbers then if I want.
I probably made the mistake of telling them I was willing to put $20k down, which I calculated I could get it for around $1100/mo. But after joining here finally and seeing some of the deals on other models, and knowing they have 3 basically identical last year models, I’m thinking actually I should be able to get a lot more off, but I don’t know what is “reasonable” to ask.
They listed the numbers as (rounded up by me):
MSRP: $155k
Discount: $9k
Rebates: $11k
Trade Equity: $2k (currently lease a 2024 M4 Competition X-Drive that I would trade in)
Tint: $699
Vehicle License Tax: $2483
Doc Fee: $589
Acquisition Fee: $925
Tax: $1884
Monthly Tax: $136
MF: .00180 (originally they said higher but I forget the number but told them it was .00180 for this month as I had got from Edmunds)
My current M4 lease is $1300/mo, my goal with this M8 Convertible is to get the monthly payment lower than that, but also put as little down really (despite having already offered $20k).
Any and all advice is welcome!
Edit: oh it was for 10k/36 month lease with 53% residual. And I said I’d probably pay the fees upfront to help lower the monthly payment.
Check the Marketplace to see what brokers are offering on M8’s. Even if they’re not local you can still get a sense of what pre-incentive discount you should be targeting.
Then use the LH Calculator to build your target deal. As a super supporter you have access to all the numbers like MF and RV in the calculator. If brokers are offering 12% pre-incentive then use that as a starting point, as an example (right now they’re offering 5.8%).
Once you build your target deal then you make the dealer an offer. Tell them you can be there Saturday to sign at 11am if they can get to $X payment with $Y DAS.
You can structure the deal however you want, forget about the fact that you casually mentioned $20k down, it doesn’t matter. If you want just $3k DAS to cover some fees etc. then structure your deal for just $Y payment with $3k DAS.
If you end up finding something good and signing, please post the deal. I’m looking for an M8 GC myself…never should have sold my M6comp for the POS Plaid
It’s pretty basic really, all 3 are white. Two are almost identical just with different wheels. The one I’d prefer is the odd ball but still just white with black interior and within $1000 MSRP of the other two
I got 18.5% off pre-incentive on a 310 day aged unit in August. This was Maine, the GSM said winter starts here in a couple weeks and ate the $17K loser like a champ. My payment was sign and drive - literally not a penny out of pocket $1518/mo + tax. I also did 12K miles per year. If I did 7500 miles it would have been $90/mo cheaper ($1428/mo + tax).
