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TexasBMW
12-14-2007, 03:45 PM
Those of you who received a really good deal on an '07 or '08 X5, how did you did do it?
Did you offer $500 over invoice in hopes of paying $1000? And, did you use Cars.com to obtain your invoice prices?
Thanks!:thumbup:

01Byte
12-14-2007, 04:30 PM
It was easy for me. First I decided how much over invoice I wanted to pay and then I sent Adrian a PM.

Done deal!!! :D

theprof
12-14-2007, 06:59 PM
Those of you who received a really good deal on an '07 or '08 X5, how did you did do it?
Did you offer $500 over invoice in hopes of paying $1000? And, did you use Cars.com to obtain your invoice prices?
Thanks!:thumbup:

My method (X5 4.8 arrives anytime now)

I send emails to about 20 dealers; all in areas that would work for me for pick up plus a nice road trip. In this case 400 mile radius. I select a price that will put me in what I think is the top 10% of best prices for which this vehicle will be sold anywhere.

I send the same email to each; stating the price I will pay in relation to invoice: for example: factory invoice (which is called "the monroney") plus xx dollars. No trades, no anything, no games. No counter offers. Please reply by email.

In spite of the no counter offer request - I get them anyhow. But if I set the price well I'll get a bunch of takers. I pick the place I want to drive back from and do the deal by phone.

The trick is to connect with dealers that are unlikely to sell out their allottment - then they have nothing to lose. I always get this statement at least once: Yeah, if you can buy it for that price get a couple extra for me, bbbbwwwwhahahaha!

Bought maybe 20 cars this way. Easy, stress free, bargaining free and effective.

rh71
12-15-2007, 07:18 AM
Emailing a few dealers in your area will prob work best. I showed up to each one telling them of the others' lowest offer and they will match/compete. I got $3625 off this way (about $1750 over invoice) which I can live with.

I do also suggest finding one who's less likely to sell these expensive cars. They were much more willing to work with me (like get me saddle brown + the best price).

hidollarcars
12-15-2007, 11:36 AM
I don't mind paying a profit to a dealership that I trust. since BMW keeps their mark-up around 7% it's hard to get screwed to badly. I have found in the past if you let the dealer make a reasonable profit it is easier to get them to help you when you need it.

X-tian-X4.8
12-17-2007, 09:40 PM
I don't mind paying a profit to a dealership that I trust. since BMW keeps their mark-up around 7% it's hard to get screwed to badly. I have found in the past if you let the dealer make a reasonable profit it is easier to get them to help you when you need it.

I second that...my dealership has bent over backwards for me.....

theprof
12-18-2007, 06:38 AM
I second that...my dealership has bent over backwards for me.....

I agree that a dealer is entitled to a fair profit - HOWEVER, I view the interaction as more of a sport. The vast majority of dealers will make what they can; regardless of fairness. They make money on the sale in many ways besides the 7 points on the basic window sticker price. They get several levels of rebates from the manufacturers, they will sell over window sticker in a heartbeat when supply is limited. They add dealer installed items and services that are obscenely marked up, they make money on financing, insurance and a range of other services all lumped under the heading F&I. They inflate service prices well beyond what a high quality German car specialist independent shop charges.

So IMHO the trick is use a process that ensures you a fair price and the dealer a fair profit with you in control; not the dealer. If you turn control over to the dealer you will be in the top 25% of their highest price deals. Call me meanspirited; but I want to be in the 25% of best deals that a dealer will do over the course of a year selling the model I want.

I know a lot of dealers personally and professionally; many are fine humans that field people and processes designed to serve the customer fairly. But most are far more aggressive and devious. They love people with the attitude that the dealer deserves a fair profit and that profit is measured based on invoice vs. sticker. Dealers can be wealthy selling cars at invoice all day long.

Sorry if that sounds cynical, but it just the way the world works.

TexasBMW
12-18-2007, 05:23 PM
Good advice. I ended up receiving a very acceptable offer from the first dealer I talked to, without much BS. Very appreciated.:thumbup: Its always surprising when its a pleasant experience.

My method (X5 4.8 arrives anytime now)

I send emails to about 20 dealers; all in areas that would work for me for pick up plus a nice road trip. In this case 400 mile radius. I select a price that will put me in what I think is the top 10% of best prices for which this vehicle will be sold anywhere.

I send the same email to each; stating the price I will pay in relation to invoice: for example: factory invoice (which is called "the monroney") plus xx dollars. No trades, no anything, no games. No counter offers. Please reply by email.

In spite of the no counter offer request - I get them anyhow. But if I set the price well I'll get a bunch of takers. I pick the place I want to drive back from and do the deal by phone.

The trick is to connect with dealers that are unlikely to sell out their allottment - then they have nothing to lose. I always get this statement at least once: Yeah, if you can buy it for that price get a couple extra for me, bbbbwwwwhahahaha!

Bought maybe 20 cars this way. Easy, stress free, bargaining free and effective.

pauljordantx
12-19-2007, 09:56 AM
So, which dealer did you buy from? Can you share any details?

TexasBMW
12-19-2007, 12:11 PM
It was purchased from BMW Permian. It's a really great dealership.

emcman
12-19-2007, 05:26 PM
I found I got a better deal buying outside of my metro market. 45 minutes drive. They like to pull business from the larger city market and the only way they can do that is price. When I bought last April availablity on the 4.8 was an issue and I bought off the lot which may or may not help me. Available allocation is an issue. Also lower overhead I figure.