Just started a discussion with a dealer in Dallas TX.
This is no where close to 1% rule. I would be comfortable with $700 -$750 payment tops including tax. Is that realistic though?
Here is the link to the car.
https://www.bmwofdallas.com/new/BMW/2018-BMW-M3-bd650b460a0d04fe56751559df0962bc.htm
Here are the numbers I got so far.
Don’t know if this is possible, but choosing an M3 with an MSRP of almost 85k when the base M3 is 68k will make this very hard, especially in Texas.
Isn’t there something like $3.5k in incentives on the M3? They’re also marking up the MF. You’ll also want to get sales tax credits to knock the tax down to ~1% instead of 6.25%
You’ll need to canvas a lot of BMW dealers in Texas to get a good deal. I think I approached about 10 before I got 12% discount on my X5M. Use cargurus.com to target older stock and target smaller dealers like Tyler or League City.
Which dealership did you eventually go with?
In the end Tyler had the best price. I had better numbers from out of city dealers, my theory is they struggle to sell their higher end vehicles and with lower operating costs are happy to discount more heavily.
Cargurus was a key tool as the 2 best offers I got were on vehicles that had been on the dealers lot for 4-6 months. Houston dealers, Dallas/Plano, Austin, etc were a waste of time for me, but if they have older stock that’s sat there they might have better deals.
This sounds like a horrible deal. Only 4% off and an inflated MF. Where are the rebates? The 1% rule is possible with the M3 Comp. Try and look out of state. I’d ask for 10% off at least and look into the rebates. MF is 0.00188.
So even with your suggested numbers the monthly payment is coming to $934. Am I missing something?
I don’t think 700 a month is realistic on an 85k m3. Find one with comp under 80k and target 13% off before incentives. Even then without loyalty and tax credits I don’t think you’re there.
This is a realistic deal breakdown in Texas (10% discount, plus incentive, and Texas sales tax credits). You might get a little more off if the stars align:
You can also get $500 rebate with BMWCCA. That gets you to around $850p/m with zero down and 1% aim.
$1000 loyalty and $3500 lease cash will get you $800/mo.
What do you all think about this deal I got from San Antonio BMW. This is without competition package pretty plain vanilla DCT.
looks pretty bad, considering you only got 11% off including incentives
You need to be shooting for over 10% before incentives (without the comp package I would be looking for 15). Also you have no incentives in your calc. Check edmunds likely 3500 base incentive. Lease support ends this month so now is the time to shoot for the moon.
Was offered 10% off before rebate on a comp M3 with a few emails exchange, so you should be able to do at least that.
Also it always amazed me that at this time(near end of lease support), some dealer still quote this kind of shitty deal…feels like they intentionally don’t want to sell the car …
I totally agree. The dealer is not willing to negotiate and said the numbers were final.
I really wish I could unload my Q50 RS for some of these great M3 deals lately.
Dealer quoted me $782 before tax.
I might be missing something in calculator but the numbers I got are from dealer. Do you think asking another 3% would be too much?
Taxes on the entire sales price is a killer. Also you sure the base incentive is not 3500? 13% off is rock bottom.
I checked bmwusa.com and incentives for midwest 75093 zip is 2500.