01-29-2012, 10:56 PM | #23 | |
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Exactly. The guy i know who bought a 1M for $10k markup paid cash. It was still cheaper than the M3 and new M5. Oh and he's owns a company that revenues over $30 Mil, so i think he has enough brains |
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01-29-2012, 11:16 PM | #24 | |
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01-30-2012, 09:04 AM | #25 | |
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And the old "youre mad because you cant afford it" argument is also crap. You know who bought a car with the same MSRP as yours? I did. You know who also wouldnt spend a 50% original MSRP markup on a used car? Me |
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01-30-2012, 10:51 AM | #26 | |
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If you or someone else cant find one at MSRP you are forced to pay more if you want one. At that point it becomes a matter of personal finance. If you had 20 million dollars in your savings account then 25k more for something you really want isnt an issue. 25k is one hand of blackjack for some people, its a supercharger for other people and for others its the nicest car theyll ever own. Where I board people pay 10k annually to park in front (sounds stupid and ridiculous doesnt it?), others pay $20 daily to park just near them and the majority park for free just yards beyond that. Its all personal finances. |
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01-30-2012, 01:50 PM | #28 | |
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So having lots of money excuses you from being an idiot? Personally, if I was going to spend 75K on a car, it damned well wouldnt be a 1 series, doesnt matter which model. I could hardly justify the 50K MSRP on my car |
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01-30-2012, 02:12 PM | #29 |
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Flying in a private Jet to say Dominican Republic and back for a vacation costs roughly $30k. Quite a few professional athletes hailing from that country do it routinely.
So, paying ~$26k more than a 1st class flight for a savings of maybe 3-4 hrs of airport bs and obviously a MUCH nicer experience cost more than the mark up of said vehicle. It's all relative folks...and remember while they can bury you with your money it won't do ya much good wherever you end up |
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01-30-2012, 02:19 PM | #30 |
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I thought that this string was about market value and its relationship with available supply and a buyer’s emotions and needs. MSRP is never market value when the supply is constrained. It is not uncommon for people to sell the paper on a car that they ordered for a profit when the buyer is not willing to wait 6 to 8 months for delivery.
A crappy house in Toronto just sold for $570,000 when the asking price was $200,000 less. That is more than a 50% premium. 31 offers were registered on the property. I realize that this is not an automotive example but the creation of Market Value is not an automotive phenomenon. Just my $0.02 |
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01-30-2012, 02:29 PM | #31 | ||
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and i paid msrp. but i would have paid a markup b.c all the cars i compared it to (Cayman R & Evora S) were $75k-$90k. You paid msrp. Good for you. Not everyone did tho. Quote:
Everyone has a different mindset when it comes to cars. If you could "hardly justify" the $50k msrp on the 1M well i find that pretty sad. But than again i couldn't spend $50k on a car and not get navigation. To me if the 1M was $80k i still woulda bought it. Still better than the cayman r and Evora S for my needs. But hey we think of money in different ways. I don't care about spending an extra $xxxx amount on a car id enjoy more regardless of what msrp is. |
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01-30-2012, 10:34 PM | #33 | |
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1. Its not idiotic. When you were younger you didnt splurge on certain things because you couldnt justify the cost right? As you got older you buy those things regularly without a second thought. Think $2 burger versus $12 burger, or matinee movie versus evening movie, parking far and walking versus paying for parking or valet in the structure... get it? Did you turn into an idiot or did your expendable income increase? Someone somewhere is saying I would never pay $12 for a hamburger. 2. Some of these guys paying 70-80k have other vehicles. They are buying this because this is what they want. They dont need the money for something else its just sitting in an account and most likely they can still buy the other cars they want in addition to the 1M. If you had 20 million in an account 10-20k here or there is meaningless you wouldnt miss it. The interest you earn on that account exceeds 10-20k in one month. Its not about stupidity its about convenience and having what you want. |
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01-31-2012, 09:37 AM | #35 |
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You are about to become much wealthier. Have fun with your sudden budget increase
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01-31-2012, 10:11 AM | #36 | ||
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I'll give you an example: I think it is very idiotic to purchase a 135i with a rag top, but that's just my opinion and because I understand it's your personal preference, I'm not entitled to call you an idiot for purchasing one |
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01-31-2012, 10:21 AM | #37 | |
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Here's your quote from years ago... "The 1er was my highschool graduation gift. I wanted a 128 originally but my dad wait, the 135 has a lot of standard features that are optional on the 128 right? So then why not get the faster one. I never thought that we could be more alike than at that moment." Again, I assume you meant your Dad wouldn't pay a 50% markup correct?
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01-31-2012, 10:26 AM | #38 |
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01-31-2012, 10:28 AM | #39 |
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Sorry, I just can't help it.
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01-31-2012, 10:44 AM | #40 | |
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Secondly, I worded that comment poorly and if you look at the other, I think, 5 or so times ive comment on my situation youll notice that the gift involved was the permission to get it in the first place. I saved up the down payment for my car by working my ass off and saving cash from the time I was 13. I made the DP, I make the monthlies. But I have enough respect for my family to not make such a large purchase without first asking. I wasnt taken seriously by several dealers because of my age, and they didnt get my money. This was another reason why my father was in tow at the dealer, he didnt want me to be taken advantage of. I was going to get a 128 because thats we agreed upon would be appropriate for me, but my dad decided to let me have fun with my money and allowed me to reward myself. So if you want to take my comment about how fantastic my dad is and how much I love him then keep going with this. If not then you can stop being my personal muckraker and stop turning every comment I make in a thread into something negative and off topic. |
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01-31-2012, 11:05 AM | #41 | |
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Ill give you an example of an irrelevant topic to the conversation. Ready for it? I drive a convertible, and you look down on me for that. What does that have to do with percentages? |
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01-31-2012, 11:20 AM | #42 | |
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Price out a 1966 Shelby Cobra Super Snake... i know that car did not sell for 5.5 million back in the 60s, but someone now has paid a massive mark up. I get that its not totally accurate for this debate but the mark up is also astronomical not 10k. Someone wanted it and someone had the cash for it. |
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01-31-2012, 11:21 AM | #43 |
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It's not off topic at all. You come on here with your vast knowledge accumulated over 22 years calling other people idiots for spending x amount of money on a car. I'm just calling you out since you really have no clue about the value of a dollar. You say now that you make all the monthlies when there are other posts where you make "most" of the payments. I sense that the story has changed over the years as you got more and more ridiculed. Just how I see it.
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01-31-2012, 11:26 AM | #44 | |
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You sound young (shit well i am too but im a geezer at heart), im not trying to be offensive like tkbrown (even if it was kinda funny ). Im assuming you don't make tremendous amounts of money. Im 22. I make a substantial income. I would have paid cash for my 1M if i didn't have investments that beat the 1.54% interest rates nowadays. I was going to buy one for markup for the convenience but i had some time off from my business so i made some calls and got lucky. If it was a normal busy season for me like this Nov.-Dec. if i had wasted 1 day on trying to find a 1M i would lost sales worth $10k. Some people are that busy. Time = $$$. My father is a serial entrepreneur. When i told him i made 200 calls to find my 1M he called me an idiot. He said spend your time making money. Spend your money to save you time. For him he's right. He'd rather pay more and not have to deal with other issues. Shit i regret not buying my 1M from my local dealer at $5k markup. The bullshit ive had to deal with the dealer i bought it from cost me more than time and grievance than the $5k i saved. Once you start making $$$$$ you'll see your more willing to pay more regardless of value. |
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