Welcome to Bimmerfest -- The #1 Online Community for BMW related information! Please enjoy the discussion forums below and share your experiences with the 200,000 current, new and past BMW owners. The forums are broken out by car model and into other special interest sections such as BMW European Delivery and a special forum to voice your questions to the many BMW dealers on the site to assist our members!

Please follow the links below to help get you started!

Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > M Series > E46 M3 (2001-2006)

E46 M3 (2001-2006)

Reply
 
Thread Tools Display Modes
  #1  
Old 08-22-2005, 11:42 AM
silvscorp silvscorp is offline
Registered User
Location: NJ, USA
 
Join Date: Aug 2005
Posts: 69
Mein Auto: 03 M3 Coupe
Bargaining for a M3, suggestions please

Just read this other thread about a used M3, 35k miles with some what ok options and marked at 45k. As most would agree that a high 30k or very low 40k would seem decent.

Now my question is that whe negotiating such a case with a dealer, is it good way to make the approach by droping the price by $5000-6000k in one shot? Would the dealer ask you to walk right away?

Don't have much experience with such type of bargain, especially m3 holds value pretty good comparing to others.

appreciated for the help.
Reply With Quote
Ads by Google
  #2  
Old 08-22-2005, 12:06 PM
DDawg DDawg is offline
Registered User
Location: Bay Area
 
Join Date: Aug 2005
Posts: 2
Mein Auto: Toyota Tacoma DCAB TRD
I've been battling (negotiating) with a few Bay Area dealer(s) on a new 2005 M3 (~$59K, comp, SMG, moon roof, HK, leather, elec driver seat, xenons). I've only been able to get $1k-$1.4K off MSRP. The dealer offering $1K off will throw in full tank of gas, car mats and a car cover so it's about a wash with the other offering $1.4K.
I'm a complete newb to the world of M3 and what I've seen on various message boards was around $2k-$3K discount, but that was in the April/May timeframe when there was probably more inventory. It's all supply and demand. KBB shows customers paying full MSRP on average-Don't know how accurate that is...

I could buy a 330 all day long at $500 over invoice and a .001335 money factor compared to the M3's at .00235-.00255 depending on security deposit.

I want to pull the trigger, but it's a lot a of money even on a lease.
Reply With Quote
  #3  
Old 08-22-2005, 01:55 PM
silvscorp silvscorp is offline
Registered User
Location: NJ, USA
 
Join Date: Aug 2005
Posts: 69
Mein Auto: 03 M3 Coupe
Well I've been reading through many forums related to this type of situation and everyone is saying how much I should be getting the car for. ($4000 off MSRP) But the question is how do you talk down the price by so much?
Reply With Quote
  #4  
Old 08-22-2005, 02:38 PM
Pinecone's Avatar
Pinecone Pinecone is offline
M Mad
Location: Maryland
 
Join Date: Apr 2002
Posts: 10,482
Mein Auto: M Roadster/M3
Offer the lower price, and walk out the door if they won't go for it. And it helps to have a check in your hand to pay for the car when you negotiate.
__________________
Terry Carraway

'95 Alpine M3 LTW
'00 Dakar M Roadster
'02 Topaz M3
Red/White SRF #4 (Chassis 561)
Reply With Quote
  #5  
Old 08-22-2005, 03:32 PM
DDawg DDawg is offline
Registered User
Location: Bay Area
 
Join Date: Aug 2005
Posts: 2
Mein Auto: Toyota Tacoma DCAB TRD
If you want the lowest price, you'll also have to shop it to several BMW dealers, so consider the time, energy, and mental well being versus $ saved. There's alway's tradeoff's too, for example, my dealer offers loaners and their shuttle vehicle is a 7 series and not some van where you'll spend half the day dropping people off. In the end you get what you pay for.

By the way I pulled the trigger just an couple of hours ago
2005 M3 jet black on black, SMG, competition package, xenon's, moonroof, HK, all the bells and whistles for the seats, car cover, full set of M3 mats...
I don't know whether to laugh, cry, puke, or scream right now, but at least the obsessive internal struggle in my head is over.
Reply With Quote
  #6  
Old 08-22-2005, 04:40 PM
bren's Avatar
bren bren is offline
///Mpty pockets
Location: MD
 
Join Date: Jul 2002
Posts: 1,963
Mein Auto: wankermatic
Quote:
Originally Posted by silvscorp
Well I've been reading through many forums related to this type of situation and everyone is saying how much I should be getting the car for. ($4000 off MSRP) But the question is how do you talk down the price by so much?
$4k off? Isn't that about invoice? Good luck with that.....
Reply With Quote
  #7  
Old 08-22-2005, 04:55 PM
Rob325_in_AZ's Avatar
Rob325_in_AZ Rob325_in_AZ is offline
Moderator
Location: Sonoran Desert
 
Join Date: Oct 2004
Posts: 3,862
Mein Auto: 2003 Graygreen 325i
Quote:
Originally Posted by bren
$4k off? Isn't that about invoice? Good luck with that.....
But isn't he talking about an used car?

Why are they even talking about invoice and MSRP on an used car?
Shouldn't the negotiation be centered around how much above or below KBB value?
__________________
2003 Gray-Green 325i, 5-spd, sport, HK, sand leather
Reply With Quote
  #8  
Old 08-23-2005, 05:56 AM
spta97 spta97 is offline
Officially Welcomed to the 'Fest
Location: NY
 
Join Date: Aug 2004
Posts: 128
Mein Auto: M3 ZCP on order!
You can walk out of all the dealers you want, but the market in your area will determine your price. Regarding the used one, I had a really hard time finding one that met all my constraints (6MT was the deal breaker, very few of those for some reason). The ones I was looking at were all in the mid 40's and that was used 2002 with like 50k. I made the decision that buying a new one was my best bet (and only about $10k more). This way I could get exactly what I want and have a full warantee.

Shopping for my new one was done mostly over the phone and after calling about 10 dealers I realized that $1000 off MSRP was the average price. I was able to find a dealer that went $2000 off and decided to go with them. Now granted, it was not in the nicest area (Queens, NY) and the dealership building was nothing compared to the palaces with marble floors I saw but all of a sudden those things didn't matter when I looked at the money I was saving.

Funny too, the sales woman I dealt with was the nicest out of the whole lot. So I've got a couple weeks to go on my delivery and I'm happy thus far.

I had looked into leasing but these cars hold their value so well I feel that purchasing is the way to go. If I want to sell it in a few years it's nice to know that I will not loose that much $$$ (if history is any indication).

Just remember, just because someone is charging you more does not mean that the dealership is better. Shop around and you will see what the cheapest price is.
Reply With Quote
  #9  
Old 08-23-2005, 06:44 AM
Frank Rizzo's Avatar
Frank Rizzo Frank Rizzo is offline
trailingthrottleoversteer
Location: via Mulholland
 
Join Date: Aug 2003
Posts: 4,280
Mein Auto: CLK 550
The thing is (as one dealer told me) "Sir - this is NOT a Monte Carlo".....
I've blown it twice negotiating for used M3's: there's an a$$ for every seat.

Lesson learned: http://www.bimmerfest.com/forums/sho...d.php?t=107097
__________________

If we all threw our problems into a pile and saw everyone else's - we'd grab ours back.
Reply With Quote
  #10  
Old 08-23-2005, 10:33 AM
silvscorp silvscorp is offline
Registered User
Location: NJ, USA
 
Join Date: Aug 2005
Posts: 69
Mein Auto: 03 M3 Coupe
Since it's an used car and obviously I won't have much choices. It's not likely for many dealers to have the exact kind I am interested in. It will be tough for me to just walk if dealer rejects my offer. I am in NJ and there are only 4 dealers within an ideal travel distance. I've check all their sites for Certified Inventory and none of them shows many M3s. Are those online check up-to-date or it's best for me to pay them a visit?( For one dealer I found 2 m3 on their site but when called, they didn't have anything..)

I am trying to buy it by the end of this season, before winter hits, hopefully I can get a decent deal?

thanks for the help.
Reply With Quote
  #11  
Old 08-23-2005, 11:38 AM
sfca-325i sfca-325i is offline
humanum est errare
Location: Northern California
 
Join Date: Apr 2004
Posts: 653
Mein Auto: which day is this?
Quote:
Originally Posted by silvscorp
Just read this other thread about a used M3, 35k miles with some what ok options and marked at 45k. As most would agree that a high 30k or very low 40k would seem decent.

Now my question is that whe negotiating such a case with a dealer, is it good way to make the approach by droping the price by $5000-6000k in one shot? Would the dealer ask you to walk right away?

Don't have much experience with such type of bargain, especially m3 holds value pretty good comparing to others.

appreciated for the help.
Price sounds high, but it is impossible to respond without knowing the year and the key options.
__________________

David


2004 e83 3.0, 2003.5 e46 M3 Cic, 2008 e9x 335xia, 2008 Sienna XLE Limted AWD
========================
Gone: 2006 B7 A4, 2003 Honda Pilot EX-L RES
Reply With Quote
  #12  
Old 08-23-2005, 11:48 AM
silvscorp silvscorp is offline
Registered User
Location: NJ, USA
 
Join Date: Aug 2005
Posts: 69
Mein Auto: 03 M3 Coupe
What I have in mind is a 03 m3 coupe with around 30k miles. For the options, may be the moonroof, xenon light, electric seat, alarm may be navi? Pretty much just a little above the standard package.
Reply With Quote
  #13  
Old 08-23-2005, 08:11 PM
Ara7 Ara7 is offline
Registered User
Location: LA, Ca
 
Join Date: Jun 2005
Posts: 6
Mein Auto: 2005 BMW M3 ZCP
Depends on where you live

The amount you can get off your new M3 depends on where you live in the US. I live in So Calif and was only able to get $1000 off MSRP plus M3 floor mats and of course a full tank of gas (big deal on the gas, but that's $50 as of today). That was checking with 5 dealers.
The M3 was going for $10,000 over sticker here in SoCal only 3 years ago.
Some people on the East Coast are able to get $2000-4000.
The total mark up for an M3 is $4500. Of course the dealer still gets money back on top of that from BMW (all car manufacturers do that) probably around $2000.
Check around with different dealers in your area and Good Luck!

Ara

Last edited by Ara7; 08-23-2005 at 08:13 PM. Reason: adding
Reply With Quote
  #14  
Old 08-24-2005, 02:45 AM
Pinecone's Avatar
Pinecone Pinecone is offline
M Mad
Location: Maryland
 
Join Date: Apr 2002
Posts: 10,482
Mein Auto: M Roadster/M3
Why stick with your area? WItht he INternet, shop around. So you don't get a loaner from you dealer, if you save some $2000 - $3000, that will pay for a LOT of rental cars.
__________________
Terry Carraway

'95 Alpine M3 LTW
'00 Dakar M Roadster
'02 Topaz M3
Red/White SRF #4 (Chassis 561)
Reply With Quote
  #15  
Old 08-24-2005, 09:36 AM
silvscorp silvscorp is offline
Registered User
Location: NJ, USA
 
Join Date: Aug 2005
Posts: 69
Mein Auto: 03 M3 Coupe
That's a good point, I don't think loaner will mean much to me anyways since it is going to be used as a weekend car mainly. So if I tell the dealer that I won't need a loaner, that might knock off some more $$?
Reply With Quote
  #16  
Old 08-24-2005, 12:32 PM
sfca-325i sfca-325i is offline
humanum est errare
Location: Northern California
 
Join Date: Apr 2004
Posts: 653
Mein Auto: which day is this?
Quote:
Originally Posted by silvscorp
That's a good point, I don't think loaner will mean much to me anyways since it is going to be used as a weekend car mainly. So if I tell the dealer that I won't need a loaner, that might knock off some more $$?
No.

I believe Pinecone's suggestion was to widen your search geography to include non-local dealers. Most service departments limit their loners to customers who have purchased the car from their dealerships. If you can negotiate a much better net price (includes travel cost to go and pick up the car) from a non-local dealer, the only thing you give up is a loaner car (assuming your local dealership offers loaners).
__________________

David


2004 e83 3.0, 2003.5 e46 M3 Cic, 2008 e9x 335xia, 2008 Sienna XLE Limted AWD
========================
Gone: 2006 B7 A4, 2003 Honda Pilot EX-L RES
Reply With Quote
  #17  
Old 08-24-2005, 04:39 PM
Pinecone's Avatar
Pinecone Pinecone is offline
M Mad
Location: Maryland
 
Join Date: Apr 2002
Posts: 10,482
Mein Auto: M Roadster/M3
Quote:
Originally Posted by sfca-325i
No.

I believe Pinecone's suggestion was to widen your search geography to include non-local dealers. Most service departments limit their loners to customers who have purchased the car from their dealerships. If you can negotiate a much better net price (includes travel cost to go and pick up the car) from a non-local dealer, the only thing you give up is a loaner car (assuming your local dealership offers loaners).
Exactly.

Call Roy Dennis at Russel BMW, 410-744-2000.

He has done many out of town sales and does a very good job on price.

There are advantages to buying in your local area, but it doesn't work, there are options.
__________________
Terry Carraway

'95 Alpine M3 LTW
'00 Dakar M Roadster
'02 Topaz M3
Red/White SRF #4 (Chassis 561)
Reply With Quote
  #18  
Old 08-25-2005, 08:58 AM
silvscorp silvscorp is offline
Registered User
Location: NJ, USA
 
Join Date: Aug 2005
Posts: 69
Mein Auto: 03 M3 Coupe
thanks for all the advises, I'll shop around in the local area first, unless I really run out of options. Due to personal situation, I really can't travel out too far for purchasing the car, especially I am planning on a trade in). I'll keep my eyes open just in case.

thanks agian.
Reply With Quote
  #19  
Old 08-25-2005, 12:08 PM
Pinecone's Avatar
Pinecone Pinecone is offline
M Mad
Location: Maryland
 
Join Date: Apr 2002
Posts: 10,482
Mein Auto: M Roadster/M3
NJ to Baltimore is not very far.

And anyway, you really want to do a Performance Center Delivery.
__________________
Terry Carraway

'95 Alpine M3 LTW
'00 Dakar M Roadster
'02 Topaz M3
Red/White SRF #4 (Chassis 561)
Reply With Quote
  #20  
Old 08-25-2005, 12:12 PM
silvscorp silvscorp is offline
Registered User
Location: NJ, USA
 
Join Date: Aug 2005
Posts: 69
Mein Auto: 03 M3 Coupe
It's about 3 hours from my home. The potential problem might be driving my car down there for an appraisal, bargaining, etc. It's possible that I might need to make many trips but I really don't have the time to do 6 hour round trip every weekend.
Reply With Quote
  #21  
Old 08-25-2005, 08:12 PM
silvscorp silvscorp is offline
Registered User
Location: NJ, USA
 
Join Date: Aug 2005
Posts: 69
Mein Auto: 03 M3 Coupe
One more question, since I am planning on trade in, which one should I start first? Should I bargain and set the value on the trade in car first or the m3 first. I don't know if there will be any differences, I figure, if I bargain a good value on the trade in car, then the dealer will no drop much on M3. The other way around, if I bargain too much on the M3, then they'll drop my trade in by a lot.

Any thoughts on that?
Reply With Quote
  #22  
Old 08-26-2005, 05:19 AM
Pinecone's Avatar
Pinecone Pinecone is offline
M Mad
Location: Maryland
 
Join Date: Apr 2002
Posts: 10,482
Mein Auto: M Roadster/M3
ALWAYS bargain for the price of the car, then ask about trade in. That way you know your true trade in value.

And in general, trading is a way to lose money.
__________________
Terry Carraway

'95 Alpine M3 LTW
'00 Dakar M Roadster
'02 Topaz M3
Red/White SRF #4 (Chassis 561)
Reply With Quote
  #23  
Old 08-26-2005, 05:59 AM
silvscorp silvscorp is offline
Registered User
Location: NJ, USA
 
Join Date: Aug 2005
Posts: 69
Mein Auto: 03 M3 Coupe
thanks for the tip.

I know trade-in is loosing money, however in my situation it might not be much of a difference. I currently have a 02 wrx modded to 320hp, absolutely love it. Great for city and highway. The amount of power is just rite for daily driving. (that's why I don't want get another car that's less than 300hp). Long story short, it was stolen, thanks to lowjack it was recovered in less than 10 hours with about $5000 worth of damage, mainly exteriror. So far no known mechanical damage yet.

For reliability issue, I decide to change a car. For this car at $36k miles it goes for around 14 - 15k private party and 13.5k for trade-in. However, since it's been stolen, I'll have to tell the buyer if selling privately which will drop the price severely? As for the dealer, most them won't check, some might run a carfax but as for now, carfax shows clear record. I guess end up it won't make a major difference in price?
Reply With Quote
  #24  
Old 08-28-2005, 04:26 PM
DaKine DaKine is offline
Officially Welcomed to the 'Fest
Location: Southern California
 
Join Date: Aug 2005
Posts: 1,508
Send a message via AIM to DaKine
Mein Auto: 2002 M Coupe
I think you are going to have a hard time bargaining for an M3. If the price is already reasonable, they are going to find buyers.My advice? Go back to the traditional way of bargaining; Bring a couple of big Italian's and a crowbar

Blue book doesn't seem to work well for M Series cars... I bought an '02 M Coupe. KBB was south of $30, but you would never, ever find one for that price.

And sorry to hear about your car being stolen. Did they find the bastards who did it??
Reply With Quote
  #25  
Old 08-29-2005, 05:21 AM
Pinecone's Avatar
Pinecone Pinecone is offline
M Mad
Location: Maryland
 
Join Date: Apr 2002
Posts: 10,482
Mein Auto: M Roadster/M3
Many dealers won't take a seriously modded car in trade. They just don't sell. MUCH better to sell it private.
__________________
Terry Carraway

'95 Alpine M3 LTW
'00 Dakar M Roadster
'02 Topaz M3
Red/White SRF #4 (Chassis 561)
Reply With Quote
Reply

Bookmarks


Forum Navigation
Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > M Series > E46 M3 (2001-2006)
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
M3 or S4: What should I choose? Wallenrod M Series 34 08-04-2005 05:02 PM
E30 Parts + Trailer: M3 & 325: GC Camber, Seats, M3 brake parts, M3 valve cover victorhall Classifieds 0 12-22-2004 07:31 AM
M3 Competition Package - Official Announcement Seneca M Series 59 11-23-2004 05:18 PM
3 BMWs driving Berkeley Hills Wed night - lost a 4th M3!! jpipes Regional Forums 0 07-30-2004 03:23 PM
So I drove an E30 M3 tonight... Jetfire M Series 47 03-27-2003 06:18 PM


All times are GMT -7. The time now is 03:38 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
© 2001-2011 performanceIX, Inc. All Rights Reserved .: guidelines .:. privacy .:. terms