This deal was a grind as the manager I dealt with was not super honest at BMW of Akron. But after letting him know what I know he told me where they’re positioned after undergoing new ownership and I told him where I’d like to be on it and it got done. Would’ve been lower but I didn’t know about the additional residual penalty and they wouldn’t budge any more on the MSRP. Think I did okay on an 85k sticker. I know it’s not the most desirable car as it’s now rolled up to the 6 series and its a hatch but with HP in the 400’s it’s an insane drive with msport etc and it has every option.
Congrats, great deal. The more I see deals like this, the more I wish I would know less about leasing
Honestly, I’d never even try to pull a deal like this.
I know it’s a bit of an “ugly duckling”, but given how big it is and having xDrive, that thing is an absolute beast for Cleveland winters.
Am I correct in assuming that since the dealership was acquired that they’re basically writing off all the existing inventory and willing to take pretty significant losses?
Haha. I only give it that name because no one else seems to like it. I love hatch’s and especially the old aesthetics of the bmw body from when I was growing up idolizing cars in Bond movies etc. (I’m 27 so mid 2000’s style.)
But from what I gathered when they purchased the dealership they got all of the cpo-loaner inventory at a significant discount and I’m guessing they will be writing a lot of that. The verbiage that was passed to me is that everything has to go.
Well my knowledge came from the “hacking elders” here but one thing I learned that it’s better to be upfront and honest first instead of setting traps in your inquiries. I know many people request a quote and then ask what the buyrate is etc. My first line (and it may not be for everyone) is what is your base buy-rate markup. For me it instantly weeds out a dealer who’s uncomfortable with you knowing how leasing works. Then just have an idea of what your after or stumble on an odd situation like me lol.
