Dealers Charging over MSRP for 1M (Chapman BMW AZ for starters)

Redadair · 04-19-2011, 05:12 PM

Chapman BMW of Phoenix Arizona just confirmed to me that they will be holding out for highest offer prices of all future 1M allocations at their dealership.

Too bad since Chapman was one of 32 US Dealerships to be honored by BMW for Dealer Excellence in 2010. Just shows what Greed will do to some dealers.

I would like to start a list of BMW Dealers that are charging over MSRP for the 1M. People deserve to know going into these dealerships what to expect. I also believe that by listing these dealers it may help reduce this practice of GREED on the part of a few BMW dealers.

Trying to secure the purchase of an 1M is difficult enough without dealers expecting to turn the buying experience into an bidding war!

I intend to contact BMW NA as well about this dealers practice, not that it will do much but I don't think we should just accept this sleazy business practice without at least trying to do something about it.

Red135 · 04-19-2011, 06:17 PM

Quote:

Originally Posted by Redadair

I intend to contact BMW NA as well about this dealers practice, not that it will do much but I don't think we should just accept this sleazy business practice without at least trying to do something about it.

+1. I hope they express some sort of concern over the practice.

GotM · 04-19-2011, 07:30 PM

I didnt expect any less from them. I was told they have someone offering 10K over MSRP for 1. They did this on the the E46 M3 and the Z8. I think they had a Z8 listed for $250K! It was being sold as used...

///M1 · 04-19-2011, 09:13 PM

That rates pretty high on the douche-ometer, especially for a dealership that got an Excellence Award...

Excellence for what: raping customers?

1978.530i · 04-19-2011, 10:50 PM

Generally speaking, I wounldn't have a problem with a dealer getting what they can get, but this car was promoted by BMW as an entry-level M Car for the younger and cheaper buyer. Not so much apparently, especially if it's limited to 2011 only.

xjarhed · 04-19-2011, 11:32 PM

Quote:

Originally Posted by 1978.530i

Generally speaking, I wounldn't have a problem with a dealer getting what they can get, but this car was promoted by BMW as an entry-level M Car for the younger and cheaper buyer. Not so much apparently, especially if it's limited to 2011 only.

The more poor ratings/posts that these stealerships get in the forums, I would hope this hurts them somewhat. But in the end, someone with enough money will plop down for what they think is a good deal. I think there will be more left over than they are promoting. This will give people time to stop and think about performance/money/room, etc.

FASTTOYS · 04-20-2011, 12:35 AM

BMW would not be happy.

Boxercup · 04-20-2011, 07:03 AM

Quote:

Originally Posted by 1978.530i

this car was promoted by BMW as an entry-level M Car for the younger and cheaper buyer.

Good point.

Glad this practice is not allowed in the UK.

(At a recent closed auction for dealers, a nearly new X3 went up to rrp resulting in BMW pulling the car from the auction).

Redadair · 04-20-2011, 10:24 AM

Quote:

Originally Posted by Boxercup

Good point.

Glad this practice is not allowed in the UK.

I wish we could say the same here in the US, but it's almost encouraged here to get all you can!

clubspec330i · 04-21-2011, 10:56 AM

New Century BMW...Alhambra, CA

MSRP + 10k...

DrPig57 · 04-21-2011, 11:36 AM

Why bitch about it unless you are buying one? If you know you can sell it to some jack wagon that's going to cough up the cash, why not. This happens all the time with cars in low supply, high demand. Camero when it came out, 10K over MSRP, Challenger, 10K over MSRP. Why would you expect anything less from a BMW dealer.

Redadair · 04-21-2011, 12:34 PM

Quote:

Originally Posted by DrPig57

Why bitch about it unless you are buying one? If you know you can sell it to some jack wagon that's going to cough up the cash, why not. This happens all the time with cars in low supply, high demand. Camero when it came out, 10K over MSRP, Challenger, 10K over MSRP. Why would you expect anything less from a BMW dealer.

Because I am buying one. And the dealer that I do have an allocation with isn't charging over MSRP. Not all BMW dealers feel the need to stick it to us.

emm3tt · 04-21-2011, 12:52 PM

God forbid someone try to sell something at a price that the market will bear! They're trying to...PROFIT!

Redadair · 04-21-2011, 01:48 PM

Quote:

Originally Posted by emm3tt

God forbid someone try to sell something at a price that the market will bear! They're trying to...PROFIT!

It's obvious that your not buying a 1M! I don't think anyone who is buying one would be happy to have the dealer add in additional Profit to their deal??? What do you think.

Red135 · 04-21-2011, 01:48 PM

Quote:

Originally Posted by emm3tt

God forbid someone try to sell something at a price that the market will bear! They're trying to...PROFIT!

Considering they still profit selling at invoice, I don't see why this type of markup is necessary.

emm3tt · 04-21-2011, 02:09 PM

Quote:

Originally Posted by Redadair

It's obvious that your not buying a 1M! I don't think anyone who is buying one would be happy to have the dealer add in additional Profit to their deal??? What do you think.

So don't buy one from a dealer asking above MSRP. If others agree with you, they don't sell at a profit and the price comes down. Your desire to be one of the first to own the car puts you at a distinct economic disadvantage.

singular · 04-21-2011, 02:21 PM

Basic law of supply and demand.

Do you really expect a dealership to sell one of their few 1M's for less money than someone else is ready to pay?

1SerieStud · 04-21-2011, 02:46 PM

I truly want the car, but if my dealer even implies about charging me 1 penny above msrp, they can shove it up their asses. Dealing with their allocation BS has been enough of a headache up to this point, and even if I were offered a discount, it is starting to become questionable whether I want to continue to pursue this car or not. I think BMW has done an outstanding job at pushing away quite a few potential customers.

Fundahl · 04-21-2011, 03:02 PM

Don't pay over MSRP and they won't get away with it. BMW of Corpus Christi is getting me one for MSRP or less.

I ordered a 135i about two years ago from them. MSRP was $47,300. I got it for $43,200 with a $2,500 deposit. I am very pleased with them, besides the lack of car knowledge from the sales guys.

allx11 · 04-21-2011, 03:27 PM

South County BMW San Diego, CA 5k on top of MSRP

bozola · 04-21-2011, 03:30 PM

BMW Seattle is offering attractive lease rates on the 1M.

Anyone remember the Miata Craze?

Simon_135i · 04-21-2011, 03:52 PM

Quote:

Originally Posted by allx11

South County BMW San Diego, CA 5k on top of MSRP

I was told 4k over the phone... Guess it depends on the rep now too...

04-19-2011, 05:12 PM	#1
Redadair Major 103 Rep 1,417 Posts Drives: 2011 1M #293 - 88 E30 M3 Join Date: Apr 2007 Location: Murray iTrader: (0)	Dealers Charging over MSRP for 1M (Chapman BMW AZ for starters) Chapman BMW of Phoenix Arizona just confirmed to me that they will be holding out for highest offer prices of all future 1M allocations at their dealership. Too bad since Chapman was one of 32 US Dealerships to be honored by BMW for Dealer Excellence in 2010. Just shows what Greed will do to some dealers. I would like to start a list of BMW Dealers that are charging over MSRP for the 1M. People deserve to know going into these dealerships what to expect. I also believe that by listing these dealers it may help reduce this practice of GREED on the part of a few BMW dealers. Trying to secure the purchase of an 1M is difficult enough without dealers expecting to turn the buying experience into an bidding war! I intend to contact BMW NA as well about this dealers practice, not that it will do much but I don't think we should just accept this sleazy business practice without at least trying to do something about it. __________________ 2011 1M, Valencia Orange, All options. August 8th ED (#293 of 739 or 740) 88 E30 M3 100% OEM 73K Miles 02 E39 M5 Le Mans Blue 50K Miles 06 E46 M3 ZCP 58K Miles
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04-19-2011, 07:30 PM	#3
GotM Second Lieutenant 7 Rep 232 Posts Drives: 2013 Subaru BRZ 6MT Join Date: Oct 2009 Location: Chandler, AZ iTrader: (0)	I didnt expect any less from them. I was told they have someone offering 10K over MSRP for 1. They did this on the the E46 M3 and the Z8. I think they had a Z8 listed for $250K! It was being sold as used... __________________ 13 Subaru BRZ, WR Blue, 6M 09 BMW135i, Alpine White, Sport, 6M - sold 99 BMW M roadster, Estoril Blue - sold
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04-19-2011, 09:13 PM	#4
///M1 Brigadier General 275 Rep 3,164 Posts Drives: Many Join Date: Feb 2009 Location: North of 7K RPM iTrader: (1) Garage List 2020 BMW M2 CS [0.00] 1994 Audi RS2 Avant [0.00] 2021 Audi RS6 Avant [0.00] 1988 BMW E30 M3 [0.00] 2011 BMW 1///M [0.00] 2017 BMW F80 M3 30 ... [0.00] 2018 Porsche 991.2 GT3 [0.00] 2015 Porsche Macan ... [0.00] 1998 Porsche 993 C4S [0.00] 1994 Lancia Delta I ... [0.00] 2008 Audi RS4 [0.00]	That rates pretty high on the douche-ometer, especially for a dealership that got an Excellence Award... Excellence for what: raping customers? __________________ *2011 BMW E82 1///M: AW, all options; Renntech, Akrapovic, Forge, P3, RevoZ CF bits, many mods 1988 BMW E30 M3: Hennarot, S14, stock 2018 Porsche 991.2 GT3: PtS, CXX, LWBS, PCCB 1998 Porsche 993 C4S: Zenith Blue, last aircooled widebody, Bilstein PSS10, Fister II + Fabspeed exhaust 2008 Audi B7 RS 4*: Sprint Blue, Audi Exclusive Euro Bucket Interior, Premium+Titanium, many mods
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04-19-2011, 10:50 PM	#5
1978.530i First Lieutenant 13 Rep 335 Posts Drives: BSM 1M Join Date: Jul 2010 Location: Tybee Island, Georgia iTrader: (0)	Generally speaking, I wounldn't have a problem with a dealer getting what they can get, but this car was promoted by BMW as an entry-level M Car for the younger and cheaper buyer. Not so much apparently, especially if it's limited to 2011 only.
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04-20-2011, 12:35 AM	#7
FASTTOYS Second Lieutenant 52 Rep 291 Posts Drives: Audi R8, X3M, XC60 R-Line Join Date: Aug 2007 Location: USA TEXAS iTrader: (1)	BMW would not be happy.
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04-21-2011, 10:56 AM	#10
clubspec330i First Lieutenant 72 Rep 396 Posts Drives: MG F39, CB F86, MB 911T Join Date: Apr 2005 Location: So. Cal iTrader: (0)	New Century BMW...Alhambra, CA MSRP + 10k...
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04-21-2011, 11:36 AM	#11
DrPig57 Second Lieutenant 16 Rep 291 Posts Drives: Crimson/Coral 135i M// package Join Date: Jun 2010 Location: Colorado iTrader: (0)	Why bitch about it unless you are buying one? If you know you can sell it to some jack wagon that's going to cough up the cash, why not. This happens all the time with cars in low supply, high demand. Camero when it came out, 10K over MSRP, Challenger, 10K over MSRP. Why would you expect anything less from a BMW dealer. __________________ Don't force me to taunt you a second time
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04-21-2011, 12:52 PM	#13
emm3tt Out Driving 29 Rep 685 Posts Drives: Join Date: Jun 2007 iTrader: (1)	God forbid someone try to sell something at a price that the market will bear! They're trying to...PROFIT! __________________ Emmett 01 E46 M3
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04-21-2011, 02:21 PM	#17
singular Captain 21 Rep 935 Posts Drives: BSM 135i ppk cab Join Date: Nov 2008 Location: SF Bay Area iTrader: (0)	Basic law of supply and demand. Do you really expect a dealership to sell one of their few 1M's for less money than someone else is ready to pay?
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04-21-2011, 02:46 PM	#18
1SerieStud Brigadier General 183 Rep 3,939 Posts Drives: '11 VO 1M (498 of 740) Join Date: Jul 2010 Location: Jacksonville, FL iTrader: (11)	I truly want the car, but if my dealer even implies about charging me 1 penny above msrp, they can shove it up their asses. Dealing with their allocation BS has been enough of a headache up to this point, and even if I were offered a discount, it is starting to become questionable whether I want to continue to pursue this car or not. I think BMW has done an outstanding job at pushing away quite a few potential customers.
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04-21-2011, 03:02 PM	#19
Fundahl Captain 8 Rep 704 Posts Drives: VO 1M, 300zx TT Join Date: Mar 2011 Location: Corpus Christi, Texas iTrader: (0)	Don't pay over MSRP and they won't get away with it. BMW of Corpus Christi is getting me one for MSRP or less. I ordered a 135i about two years ago from them. MSRP was $47,300. I got it for $43,200 with a $2,500 deposit. I am very pleased with them, besides the lack of car knowledge from the sales guys.
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04-21-2011, 03:27 PM	#20
allx11 Private First Class 17 Rep 150 Posts Drives: F82 M4 Join Date: Nov 2008 Location: San Diego So Cal iTrader: (2)	South County BMW San Diego, CA 5k on top of MSRP
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04-21-2011, 03:30 PM	#21
bozola Unloved BMW Addict 86 Rep 1,185 Posts Drives: Z3 Coupe, 3 318Ti Join Date: Oct 2007 Location: King County WA iTrader: (0) Garage List 1999 Z3 Coupe [10.00] 1998 318Ti [0.00] 1998 318Ti [10.00] 2008 128i [9.00]	BMW Seattle is offering attractive lease rates on the 1M. Anyone remember the Miata Craze?
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