Then they start adding incentives and dropping it down further.
I see invoice at 6% so how is the dealer able to add another 3%, 4% or more off? Is there factory support? Are they taking a loss to reach a sales goal, etcā¦
Right now a have an offer that is $725 over invoice. Can I do better? I know about hold back, etcā¦ but Iām seeing deep discounts mentioned online that are way below invoice.
Is it really realistic to ask for 9%, 10% or more off? I just donāt see any āmeat on the boneā left for the dealer on that low of a deal.
There really isnāt meat at that point. Itās more a question of how much a dealer is willing to bleed to earn your business. And what kind of reputation the dealer and Client Advisor has.
I will save you thousands more than what youāre being offered now. Plus Iāve got 32 X3 sDrive30i to choose from. Please click this link and let me know what car you want. I will reach out to to you tomorrow so that we can wrap this up quickly and easily.
Well thereās a point where itās not so much about them as much as it is about you.
On true loser deals like my recent ones I usually make it a point to subtly ask my salesperson where they like to eat, drink or play and after any delivery issues are sorted (if any), Iāll write a good review and tactfully slip them a $100 gift card or similar token of appreciation.
Iāve found that gestures like that make your salesperson eager to work with you again in the future. I follow a similar routine with my service writers when they work a good turn for me (smaller gift, mind you) but itās just good practice.
This is so true and let me tell you that those little unsolicited gestures are highly appreciated and remembered! Usually all we hear is āgive me moreā for days on end with barely a thank you when we make the deal, and prep everything in advance or possibly even deliver a car to a clientās home, So I can tell you that when Iāve received a gift card or Amazon credit (once I even got tickets to a show), it makes a huge impact and lets us know that you actually do appreciate all the time and patience and effort that is required to make a good deal great.
Thank you @Electric on behalf of all salespeople for being one of those types of buyers and as always, thank you to all my clients that have found me here and shown your appreciation (even if ya didnāt give me a gift)
May have something cooking on one of my recent picks, if it pans out I may be on the hunt for a G20 loaner (330i or xi), anyone think 18% out of line to aim for (Iād offer 20% initially and see what kicks back)
@Electric I donāt understand why the impression with BMW is that they are willing to go deeper in discounts than any other brand. I think @BMW_Dave said that thereās 6% in these carsā¦ even a loaner wouldnāt be worth 3x less than that? Seems like the brand value is getting wrecked.
@Electric you may be hunting for quite some time. Think about this for a minuteā¦if an outgoing 2018 3er loaner (which has had the same tired body style for 6 years!) ranges from 15-20% depending on how much time you spend fighting and how lucky you are to find the most aged, most heavily depreciated carā¦what in the world would justify the same kind of deal on a brand-new redesigned 3 Series which is by far the best in class?
Donāt get me wrong, Iād love for you to get a great deal. But we need to remember to keep it realistic and understand that thereās more to value than whether it has 15 miles or 4500 miles on it. This might put it in perspectiveā¦if we discounted a 2019 3 Series loaner 15% now, only two months after it was released, what would they go for in 4 years? 30% off? You see what I mean?
Understandable, but if itās possible to come in at 91-93% MSRP for a new car on an aggressive deal, Surely 1.5-2% per 1,000 mi canāt be that far off for a total of 13-17% on a retired loaner.
Iām aware Iād have to grind hard for the deeper end of it.
Possibly. I like the way you give a 4% range though. I canāt tell you how many people I hear say no to 16% off on a loaner ONLY because this forum has groomed people to think that if a loaner doesnāt have a 20% discount, itās the same as MSRP. Seriously though. Not even playing.
And it would be nice if people also adhered to a mileage rule like the one you mentionedā¦
Because again, the false information spread here makes people think that as long as the car has a āretired loanerā status, it doesnāt matter if it has 1100 miles or 4999 milesā¦itās still not hack-worthy for anything less than 20% off.
You do get monthly depreciation on loaners from BMW, right? So I guess it could be around 1%/mo. I think that is what he was getting at. If you had a loaner for 5 months it would technically give you extra $2,500. But I may be totally off here, just heard this about Volvo.
I canāt say for certain, but I donāt think thereās a mileage threshold that needs hit before it can be sold. Weāve seen a few demos under 1k from the roundel. GM has to hit a time/mileage limit once punched, I do know that. Although thatās off-topic.
Yep, I saw loaners with 1,500, 2k or 3k miles available. And also being for only 3 months in loaner fleet. Volvo also needs to hit time/mileage target to be eligible for loaner rebate.
Last year or so, BMW clamped down on dealers putting cars into loaner status for one day which allowed customers to get the reduced finance rate afforded to loaners.
My dealer appears to be cycling them in between 2-4K miles to stay safe. Occasionally though it appears they get some come back with over 5K which Iām sure they get mighty miffed about.
Pretty sure they have to do 90 days in service before being retired. Sometimes we intentionally keep some in service beyond the 5k mark. They still make for great purchases, especially since the financing rates with BMW FS are better on loaners than on new cars.