Good deal?

NYC6 · 09-02-2009, 03:50 PM

I just got back from a local dealer shopping a 135i Coupe. He offered ED price of 1K over invoice and all the options I wanted at the 2010 wholesale prices. Does this sound good? Thanks.

KingOfJericho · 09-02-2009, 04:12 PM

Quote:

Originally Posted by NYC6

I just got back from a local dealer shopping a 135i Coupe. He offered ED price of 1K over invoice and all the options I wanted at the 2010 wholesale prices. Does this sound good? Thanks.

$1K over ED invoice or standard invoice? There is a sizable difference so make sure they specify. Not sure what "wholesale pricing" is but if you're paying $1K over invoice (ED invoice, not standard) then it's being based off the price of the car after all options. $1K over ED invoice is a good deal but $1K over regular invoice for an ED car is not good at all. Most people are paying $500-$800 over invoice for cars delivered to their dealers which saves you more than the 7% that ED saves you.

NYC6 · 09-02-2009, 07:13 PM

Quote:

Originally Posted by KingOfJericho

$1K over ED invoice or standard invoice? There is a sizable difference so make sure they specify. Not sure what "wholesale pricing" is but if you're paying $1K over invoice (ED invoice, not standard) then it's being based off the price of the car after all options. $1K over ED invoice is a good deal but $1K over regular invoice for an ED car is not good at all. Most people are paying $500-$800 over invoice for cars delivered to their dealers which saves you more than the 7% that ED saves you.

Its $1000 over the cost of ED invoice and the packages and extras I wanted he charged me wholesale prices! Thats what surprised me, I thought they would always do full retail or a small deduction off full retail.

KingOfJericho · 09-02-2009, 07:38 PM

Quote:

Originally Posted by NYC6

Its $1000 over the cost of ED invoice and the packages and extras I wanted he charged me wholesale prices! Thats what surprised me, I thought they would always do full retail or a small deduction off full retail.

Right, that's still $1,000 over the ED invoice price. Regardless of whether he does it before or after adding options, $1,000 over is $1,000 over. He's probably phrasing it that way to have you think you got a better deal but it makes no difference.

moveswiftly · 09-02-2009, 09:42 PM

Offer 500 Above Invoice.

Absorber · 09-02-2009, 09:53 PM

Yeah, while I don't think $1k over invoice is a terrible or even bad deal, I think you could do a little better.

plasar · 09-03-2009, 06:51 AM

I got $1K under invoice for a new 2009 135i conv with 780 miles.

http://www.1addicts.com/forums/showthread.php?t=257189

Are you ordering a 2010 from the factory? (I assume so, if you are buying a 2009 off the lot, you should pay 2009 prices.) Are you financing with the dealer? (If so, they're getting extra money from that.)

I'd say that 1% over invoice would be a good target. If you are ordering new, you can try several dealers, and see if any will sell at invoice. Good luck!

KingOfJericho · 09-03-2009, 07:15 AM

Quote:

Originally Posted by plasar

I got $1K under invoice for a new 2009 135i conv with 780 miles.

http://www.1addicts.com/forums/showthread.php?t=257189

Are you ordering a 2010 from the factory? (I assume so, if you are buying a 2009 off the lot, you should pay 2009 prices.) Are you financing with the dealer? (If so, they're getting extra money from that.)

I'd say that 1% over invoice would be a good target. If you are ordering new, you can try several dealers, and see if any will sell at invoice. Good luck!

A couple of things here... you bought a demo car that was previously damaged which is why you got the deal you did (and I hope for your own good that it never appears on carfax). Also, he's doing European Delivery so it's obviously going to be a 2010 built to spec. The financing that BMW offers is through BMW financial and has very little to do with the individual dealership so they see no "extra money" from that portion of the deal.

mineo77 · 09-03-2009, 04:18 PM

i agreed to fair profit of 3%, which is about 1K over invoice...kinda steeper than i wanted but hey...i wanted to car too and based on the area it was not a bad deal! Other dealers in the area where much worse and refused to even call me back with my original offers of $500-$800 over invoice. I even offered to pay cash to see a response and no reply...hahaha. West coast snobs! It was an interesting buying experience...not the best one i have had until i finally was introduced to Mike Baggs in Portland.

igom3 · 09-03-2009, 05:33 PM

I got mine for $500.00 over the ED Invoice. I'm in San Diego

Angry3 · 09-03-2009, 05:45 PM

These general conversations about what people paid mean very little because they almost never account for timing, market conditions, fees, trade ins, and other things that impact what a dealer will sell a car for. OP decide what you want, then ask the dealer to write up a sample buyer's order with all of the fee disclosures. If you're leasing, you need to know the locked terms they will be applying. $500 over invoice doesn't mean much if they're packing your deal with a $400 doc fee, $200 prep fee, and a $300 loan origination fee.

Get a buyer's order, then come back and you can get an opinion that might actually be worth something. If the dealer won't give you something that itemizes the total out-the-door cost of the car, you can expect that whatever they tell you won't be what you will actually be asked to pay when the car comes in.

Good luck.

mineo77 · 09-03-2009, 08:36 PM

Quote:

Originally Posted by Angry3

These general conversations about what people paid mean very little because they almost never account for timing, market conditions, fees, trade ins, and other things that impact what a dealer will sell a car for. OP decide what you want, then ask the dealer to write up a sample buyer's order with all of the fee disclosures. If you're leasing, you need to know the locked terms they will be applying. $500 over invoice doesn't mean much if they're packing your deal with a $400 doc fee, $200 prep fee, and a $300 loan origination fee.

Get a buyer's order, then come back and you can get an opinion that might actually be worth something. If the dealer won't give you something that itemizes the total out-the-door cost of the car, you can expect that whatever they tell you won't be what you will actually be asked to pay when the car comes in.

Good luck.

all very true

09-02-2009, 03:50 PM	#1
NYC6 Banned 72 Rep 2,070 Posts Drives: '10 135i PPKI/06 C6 Z51 Vette Join Date: Aug 2009 Location: LI/NY iTrader: (0)	Good deal? I just got back from a local dealer shopping a 135i Coupe. He offered ED price of 1K over invoice and all the options I wanted at the 2010 wholesale prices. Does this sound good? Thanks.
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09-02-2009, 09:42 PM	#5
moveswiftly Colonel 382 Rep 2,926 Posts Drives: Cayman GT4, 135i Join Date: Apr 2008 Location: NJ iTrader: (12) Garage List 2012 335iS [0.00]	Offer 500 Above Invoice. __________________ Current: M2CS Gone but not forgotten: Cayman GT4, M2C, 2011 135i, E83 X3 6MT, 2016 SO M3, 2012 335iS, 2010 135i and 2006 e90 325xi
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09-02-2009, 09:53 PM	#6
Absorber Lieutenant 27 Rep 476 Posts Drives: 2008 e93 M3 Join Date: Jul 2009 Location: Maryland iTrader: (2)	Yeah, while I don't think $1k over invoice is a terrible or even bad deal, I think you could do a little better.
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09-03-2009, 06:51 AM	#7
plasar plasar 24 Rep 385 Posts Drives: M3 Vert Join Date: Apr 2009 Location: Portland, OR iTrader: (0) Garage List 2008 BMW M3 Conv [0.00]	I got $1K under invoice for a new 2009 135i conv with 780 miles. http://www.1addicts.com/forums/showthread.php?t=257189 Are you ordering a 2010 from the factory? (I assume so, if you are buying a 2009 off the lot, you should pay 2009 prices.) Are you financing with the dealer? (If so, they're getting extra money from that.) I'd say that 1% over invoice would be a good target. If you are ordering new, you can try several dealers, and see if any will sell at invoice. Good luck!
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09-03-2009, 04:18 PM	#9
mineo77 Lieutenant Colonel 124 Rep 1,925 Posts Drives: 2010 135i,1989 PRO3,2001 530i Join Date: Aug 2009 Location: Portland,OR iTrader: (2) Garage List 2010 135i coupe [7.56]	i agreed to fair profit of 3%, which is about 1K over invoice...kinda steeper than i wanted but hey...i wanted to car too and based on the area it was not a bad deal! Other dealers in the area where much worse and refused to even call me back with my original offers of $500-$800 over invoice. I even offered to pay cash to see a response and no reply...hahaha. West coast snobs! It was an interesting buying experience...not the best one i have had until i finally was introduced to Mike Baggs in Portland. __________________ 135i coupe  6MT  TiAg  ///M sport http://www.rhominnovations.com www.musicarNW.com www.unitedBMWonline.com
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09-03-2009, 05:33 PM	#10
igom3 Major 76 Rep 1,147 Posts Drives: 02 E46M3 15 F80 M3 16 X5 35d Join Date: Mar 2009 Location: San Diego iTrader: (1) Garage List 2016 X5 35d [0.00] 2015 BMW M3 [0.00] 2002 E46 M3 [0.00]	I got mine for $500.00 over the ED Invoice. I'm in San Diego
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09-03-2009, 05:45 PM	#11
Angry3 All your 1 are belong to us!!! 20 Rep 658 Posts Drives: '08 135i 'Vert Join Date: Apr 2008 Location: Charlotte, NC iTrader: (0)	These general conversations about what people paid mean very little because they almost never account for timing, market conditions, fees, trade ins, and other things that impact what a dealer will sell a car for. OP decide what you want, then ask the dealer to write up a sample buyer's order with all of the fee disclosures. If you're leasing, you need to know the locked terms they will be applying. $500 over invoice doesn't mean much if they're packing your deal with a $400 doc fee, $200 prep fee, and a $300 loan origination fee. Get a buyer's order, then come back and you can get an opinion that might actually be worth something. If the dealer won't give you something that itemizes the total out-the-door cost of the car, you can expect that whatever they tell you won't be what you will actually be asked to pay when the car comes in. Good luck.
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