How I Scored a Fabulous Deal from the Comfort of My Easy Chair

Fishsriz · 11-28-2008, 10:21 AM

I sent an email to every BMW dealer in Ontario.. lets see what I can get..

morgie2 · 11-28-2008, 06:39 PM

Quote:

Originally Posted by DVDA

I PMed a Dealer who "Specialized" in ED (on another forum) and he told me no Dealer will do ED for Wholesale only ED MSRP...

If you find someone let me know ill buy from them in heart beat

With all due respect, that is a load of CRAP!! I'm gonna pm you right now.

AtomiK · 11-29-2008, 12:36 PM

Hey guys, assuming I get the offer I want today, what forms do I need to sign when I go in to the dealership? Oh, I'm doing ED so are there going to be more forms?

AtomiK · 11-30-2008, 01:43 PM

Okay, I got responses back from 3 out of the 5 dealers I emailed. They all accepted my offer of $900 over invoice, but they all said they need to add anywhere from $299-$399 for D/H. Is there any way to get these fees waived?

morgie2 · 11-30-2008, 01:53 PM

Quote:

Originally Posted by AtomiK

Okay, I got responses back from 3 out of the 5 dealers I emailed. They all accepted my offer of $900 over invoice, but they all said they need to add anywhere from $299-$399 for D/H. Is there any way to get these fees waived?

Not sure. I ended up with doc. fee + title etc. to the tune of 295.00 + 75.00 registration.

Imola.ZHP · 12-15-2008, 02:29 PM

My modified "payne" method is ready to go...

Modified? You ask?

Well, there are 23 2008 BMW M3 Sedans within 350 miles of me. All with manual transmissions, mostly silver exterior, red interior. Couple of blues's, couple of black's, couple of whites, couple of "unknown's". Mostly loaded the same.

At 16 different dealership's. BMW has released lots of "trunk money" on remaining 2008 M3's, I've already been quoted $7,000 off MSRP. The "catch" or "modification" is that I MUST trade in my ZHP. So basically, I'm sending out tomorrow morning the first 6 (for 7 cars), giving general information for the trade. Asking that they "ball-park" trade value, and then we'll move onto MSRP negotiation. We'll see what happens.

Dramatically reduced MSRP along with a low MF makes for great lease rates. I was quoted $664/mo without trade on the same car mentioned above, $714/mo with TN taxes.

Honestly, I don't see it happening, but I'm going to try. Various internet websites come up with a median trade value of $15,500. The same dealership I've mentioned, "ball-parked" $9,-$10 for trade. CarMax offered $12,500. I'll owe somewhere around $16,750 tomorrow. I still may go through with the deal and roll the negative equity into the lease...

Imola.ZHP · 12-16-2008, 12:30 PM

Waiting sucks...

Maybe its not meant to be.

I only sent to 6 this morning, I'll start printing up the next 5 at 2pm to send tomorrow morning.

If it happens, I need to be in the car on Saturday. I'm going out of town next week for the holidays :iono:

TSXto128 · 12-16-2008, 02:52 PM

Quote:

Originally Posted by imola.zhp

Waiting sucks...

Maybe its not meant to be.

I only sent to 6 this morning, I'll start printing up the next 5 at 2pm to send tomorrow morning.

If it happens, I need to be in the car on Saturday. I'm going out of town next week for the holidays :iono:

delayed gratification is a virtue, though i don't know if that applies considering your current ride which is some people's dreamcar. Imagine the crap rental from Enterprise I have to drive until I get my 128 - a bare bones Chevy Malibu - and you should feel a little better. The thing doesn't even have a key fob, I have to manually unlock the doors! It is really embarrassing.

BTW, in the same spirit as the OP, I found this website which is pretty much the same as the 'Payne' method.

http://www.realcartips.com/articles/...a-new-car.html

Imola.ZHP · 12-16-2008, 03:32 PM

1 called

haha

Out of 6 that I faxed today, I'll fax 5 more tomorrow. He wanted to get more information on my trade. Of the 6 I faxed, that dealership was one of the ones I wanted to talk too because on their website they already showed $6,000 off MSRP. So maybe they will deal. He said he wasn't sure he would get back with me today, but by tomorrow morning for sure.

Next 5 are printed and ready to go. Out of these 5, one dealership has 4, two others have 2, so 5 faxes for 10 cars tomorrow, 6 for 7 today. Hopefully I'll have more phone calls tomorrow. If not, 5 more go out Thursday, one of which I've already talked too briefly...

I'm still not sure that I want to afford it, I can, but I dunno if I want too or I should. Scary economic times, great time to be a buyer though...

Imola.ZHP · 12-17-2008, 12:06 PM

2nd called yesterday evening...

Either car (he has two) for invoice and trade at 9,000.

Deal I'm working on now is $500 under invoice and $10,000 for trade. I'm trying to get him up to $12710 on trade. Then I'll roll $4,000 negative equity into the lease. Sure, I could pay it out of pocket, but over the 36 months, it will only cost me $311 to use their $4,000 and keep mine in the bank...

I just faxed back my response, we'll see how it goes.

Talk about NO sleep last night...

InsaneSkippy · 12-17-2008, 02:37 PM

Quote:

Originally Posted by AtomiK

Okay, I got responses back from 3 out of the 5 dealers I emailed. They all accepted my offer of $900 over invoice, but they all said they need to add anywhere from $299-$399 for D/H. Is there any way to get these fees waived?

You will need your passport

NoDoz · 12-17-2008, 03:57 PM

Can someone explain this to me. I know the car and price I want on it. Im picking it up via ED. I plan to use an outside bank to finance since I was quoted 3.85% (not locked in yet). NO trade in.
I do not plan to pick it up untill this April, but I would like to order it next month.

My question is... When I walk into the dealer with my passport for paperwork ect. and we agree on a price. Should I also walk in there pre-approved for a loan. Or do I worry about paying for it when it gets closer to april when I leave?? I have read about putting 1k down. Does this apply to ED as well?

Chewyjr15 · 12-18-2008, 01:08 AM

it would be better if you are pre approved, than you can for sure make the deal because you wont be thinking well i can make the deal but it is contingent on me getting xxx% rate from my independent bank. THis is how everyone in my family buys cars, although i was lucky enough to pay cash for my 135!

MikeCCrutchfield · 12-18-2008, 05:25 AM

Quote:

Originally Posted by happywalmartcustomer

But now, you're going to get follow up calls and emails from 52 dealers for the rest of your life. Congrats on the deal!

Make a disposable email account
Give the :middlefinto all those dealers that turned you down.

NoDoz · 12-18-2008, 08:39 AM

Quote:

Originally Posted by Chewyjr15

it would be better if you are pre approved, than you can for sure make the deal because you wont be thinking well i can make the deal but it is contingent on me getting xxx% rate from my independent bank. THis is how everyone in my family buys cars, although i was lucky enough to pay cash for my 135!

Will do, Thanks!

syenisch · 12-18-2008, 11:53 AM

Question about sales tax: do I pay the sales tax of the state that the dealership who accepts my offer is located in?

Chewyjr15 · 12-18-2008, 12:20 PM

i would assume the state in which the dealership is located.

NoDoz · 12-18-2008, 01:42 PM

From what my CA said.. Yes, the tax rate is derived from the state the car is purchased.

TSXto128 · 12-18-2008, 03:32 PM

Quote:

Originally Posted by NoDoz

From what my CA said.. Yes, the tax rate is derived from the state the car is purchased.

so would it be a smart idea to buy in Delaware (2.75%) vs. Pennsylvania (6%)?

I would think that would really hurt dealerships near neighboring states with lower tax rates...

ARES45 · 12-18-2008, 03:36 PM

I was told they could do it in either the state you reside or where the dealership is located.

NoDoz · 12-18-2008, 03:43 PM

Thats $27.50 per grand vrs. $60.. On a 40K car you would save $1300 if you purchased it in Delaware. Please just stay away from Wilmington Delaware. "A place to be somebody"

NoDoz · 12-18-2008, 03:46 PM

Quote:

Originally Posted by Chewyjr15

i would assume the state in which the dealership is located.

Quote:

Originally Posted by ARES45

I was told they could do it in either the state you reside or where the dealership is located.

Now that you said that, I remember my budy did that when we were stationed in VA

11-28-2008, 10:21 AM	#375
Fishsriz Enlisted Member 0 Rep 42 Posts Drives: Join Date: Apr 2008 iTrader: (0)	I sent an email to every BMW dealer in Ontario.. lets see what I can get..
	Appreciate 0 Quote

11-29-2008, 12:36 PM	#377
AtomiK Second Lieutenant 32 Rep 279 Posts Drives: Around Join Date: Oct 2008 Location: USA iTrader: (1)	Hey guys, assuming I get the offer I want today, what forms do I need to sign when I go in to the dealership? Oh, I'm doing ED so are there going to be more forms?
	Appreciate 0 Quote

11-30-2008, 01:43 PM	#378
AtomiK Second Lieutenant 32 Rep 279 Posts Drives: Around Join Date: Oct 2008 Location: USA iTrader: (1)	Okay, I got responses back from 3 out of the 5 dealers I emailed. They all accepted my offer of $900 over invoice, but they all said they need to add anywhere from $299-$399 for D/H. Is there any way to get these fees waived?
	Appreciate 0 Quote

12-15-2008, 02:29 PM	#380
Imola.ZHP Colonel 129 Rep 2,218 Posts Drives: 2014 BMW i3 BEV EE Join Date: Mar 2006 Location: Mud Island, TN iTrader: (0)	My modified "payne" method is ready to go... Modified? You ask? Well, there are 23 2008 BMW M3 Sedans within 350 miles of me. All with manual transmissions, mostly silver exterior, red interior. Couple of blues's, couple of black's, couple of whites, couple of "unknown's". Mostly loaded the same. At 16 different dealership's. BMW has released lots of "trunk money" on remaining 2008 M3's, I've already been quoted $7,000 off MSRP. The "catch" or "modification" is that I MUST trade in my ZHP. So basically, I'm sending out tomorrow morning the first 6 (for 7 cars), giving general information for the trade. Asking that they "ball-park" trade value, and then we'll move onto MSRP negotiation. We'll see what happens. Dramatically reduced MSRP along with a low MF makes for great lease rates. I was quoted $664/mo without trade on the same car mentioned above, $714/mo with TN taxes. Honestly, I don't see it happening, but I'm going to try. Various internet websites come up with a median trade value of $15,500. The same dealership I've mentioned, "ball-parked" $9,-$10 for trade. CarMax offered $12,500. I'll owe somewhere around $16,750 tomorrow. I still may go through with the deal and roll the negative equity into the lease... __________________ - 2014 CPO i01 BEV Electronaut Edition Capparis White Tera World, '17- - 2015 CPO i01 BEV Laurel Grey Tera World, '17- - 2015 i01 REx Laurel Grey Tera World, '15-'17 - 2003 CPO 330i ZHP Imola Red Build 03/03/03, '06-'15
	Appreciate 0 Quote

12-16-2008, 12:30 PM	#381
Imola.ZHP Colonel 129 Rep 2,218 Posts Drives: 2014 BMW i3 BEV EE Join Date: Mar 2006 Location: Mud Island, TN iTrader: (0)	Waiting sucks... Maybe its not meant to be. I only sent to 6 this morning, I'll start printing up the next 5 at 2pm to send tomorrow morning. If it happens, I need to be in the car on Saturday. I'm going out of town next week for the holidays :iono: __________________ - 2014 CPO i01 BEV Electronaut Edition Capparis White Tera World, '17- - 2015 CPO i01 BEV Laurel Grey Tera World, '17- - 2015 i01 REx Laurel Grey Tera World, '15-'17 - 2003 CPO 330i ZHP Imola Red Build 03/03/03, '06-'15
	Appreciate 0 Quote

12-16-2008, 03:32 PM	#383
Imola.ZHP Colonel 129 Rep 2,218 Posts Drives: 2014 BMW i3 BEV EE Join Date: Mar 2006 Location: Mud Island, TN iTrader: (0)	1 called haha Out of 6 that I faxed today, I'll fax 5 more tomorrow. He wanted to get more information on my trade. Of the 6 I faxed, that dealership was one of the ones I wanted to talk too because on their website they already showed $6,000 off MSRP. So maybe they will deal. He said he wasn't sure he would get back with me today, but by tomorrow morning for sure. Next 5 are printed and ready to go. Out of these 5, one dealership has 4, two others have 2, so 5 faxes for 10 cars tomorrow, 6 for 7 today. Hopefully I'll have more phone calls tomorrow. If not, 5 more go out Thursday, one of which I've already talked too briefly... I'm still not sure that I want to afford it, I can, but I dunno if I want too or I should. Scary economic times, great time to be a buyer though... __________________ - 2014 CPO i01 BEV Electronaut Edition Capparis White Tera World, '17- - 2015 CPO i01 BEV Laurel Grey Tera World, '17- - 2015 i01 REx Laurel Grey Tera World, '15-'17 - 2003 CPO 330i ZHP Imola Red Build 03/03/03, '06-'15
	Appreciate 0 Quote

12-17-2008, 12:06 PM	#384
Imola.ZHP Colonel 129 Rep 2,218 Posts Drives: 2014 BMW i3 BEV EE Join Date: Mar 2006 Location: Mud Island, TN iTrader: (0)	2nd called yesterday evening... Either car (he has two) for invoice and trade at 9,000. Deal I'm working on now is $500 under invoice and $10,000 for trade. I'm trying to get him up to $12710 on trade. Then I'll roll $4,000 negative equity into the lease. Sure, I could pay it out of pocket, but over the 36 months, it will only cost me $311 to use their $4,000 and keep mine in the bank... I just faxed back my response, we'll see how it goes. Talk about NO sleep last night... __________________ - 2014 CPO i01 BEV Electronaut Edition Capparis White Tera World, '17- - 2015 CPO i01 BEV Laurel Grey Tera World, '17- - 2015 i01 REx Laurel Grey Tera World, '15-'17 - 2003 CPO 330i ZHP Imola Red Build 03/03/03, '06-'15
	Appreciate 0 Quote

12-17-2008, 03:57 PM	#386
NoDoz Enlisted Member 1 Rep 31 Posts Drives: Audi Join Date: Dec 2008 Location: Ohio iTrader: (0)	Can someone explain this to me. I know the car and price I want on it. Im picking it up via ED. I plan to use an outside bank to finance since I was quoted 3.85% (not locked in yet). NO trade in. I do not plan to pick it up untill this April, but I would like to order it next month. My question is... When I walk into the dealer with my passport for paperwork ect. and we agree on a price. Should I also walk in there pre-approved for a loan. Or do I worry about paying for it when it gets closer to april when I leave?? I have read about putting 1k down. Does this apply to ED as well?
	Appreciate 0 Quote

12-18-2008, 01:08 AM	#387
Chewyjr15 1 addict and proud! 42 Rep 570 Posts Drives: jb 135 on order Join Date: Nov 2008 Location: irvine, ca iTrader: (0)	it would be better if you are pre approved, than you can for sure make the deal because you wont be thinking well i can make the deal but it is contingent on me getting xxx% rate from my independent bank. THis is how everyone in my family buys cars, although i was lucky enough to pay cash for my 135!
	Appreciate 0 Quote

12-18-2008, 11:53 AM	#390
syenisch Captain 111 Rep 810 Posts Drives: 2015 435i Gran Coupe Join Date: Jun 2008 Location: Winter Garden, FL iTrader: (1)	Question about sales tax: do I pay the sales tax of the state that the dealership who accepts my offer is located in?
	Appreciate 0 Quote

12-18-2008, 12:20 PM	#391
Chewyjr15 1 addict and proud! 42 Rep 570 Posts Drives: jb 135 on order Join Date: Nov 2008 Location: irvine, ca iTrader: (0)	i would assume the state in which the dealership is located.
	Appreciate 0 Quote

12-18-2008, 01:42 PM	#392
NoDoz Enlisted Member 1 Rep 31 Posts Drives: Audi Join Date: Dec 2008 Location: Ohio iTrader: (0)	From what my CA said.. Yes, the tax rate is derived from the state the car is purchased.
	Appreciate 0 Quote

12-18-2008, 03:36 PM	#394
ARES45 Major 34 Rep 1,002 Posts Drives: Join Date: Oct 2007 iTrader: (0)	I was told they could do it in either the state you reside or where the dealership is located. __________________ "Don't run, you'll only die tired" ~ Gunship Pilot
	Appreciate 0 Quote

12-18-2008, 03:43 PM	#395
NoDoz Enlisted Member 1 Rep 31 Posts Drives: Audi Join Date: Dec 2008 Location: Ohio iTrader: (0)	Thats $27.50 per grand vrs. $60.. On a 40K car you would save $1300 if you purchased it in Delaware. Please just stay away from Wilmington Delaware. "A place to be somebody"
	Appreciate 0 Quote