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      11-05-2021, 07:35 PM   #1695
dantm3
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Quote:
Originally Posted by KnightedBMW View Post
Quote:
Originally Posted by Vervish View Post
I am looking to purchase a 2022 M3 Comp in NJ. Aside from the several month wait times, all the local dealers I have talked to are looking for a + $5-15K market adjustment depending on build. Others have not responded at all to my online inquiries on getting a price on my build.

Has anyone had any recent experience getting the markup waived? I am fine paying MSRP and typical dealer fees - but no way I agree to extra markups. I might have to wait a year or 2...
Unless you're in a smaller market, use a broker, or have a nice relationship with your dealer, I don't know that you're getting a markup waived.

Some members have dealers that don't charge markups, so maybe they can chime in here.

Things are rough right now (obviously), which is why there's tons of dealers charging over MSRP.

GL.
At my local dealer I put my name on the list back in March…. Waited until this month to get an allocation but getting it at msrp minus loyalty. The problem is the lists are so long there is no incentive to give a discounts or pull back markups…. I'm in austin tx but was told by my sales guy the list is 30 people deep and I was number 8 last month.. then they got allocations for October and I moved up to 3. Then he called me In late October and said I was next in line…. End of October I got my allocation And placed order.. he told every list people dropoff or aren't ready to buy and it moves really fast. Best idea is to call around and get your name on every list possible that are willing to give you msrp
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      11-08-2021, 05:58 PM   #1696
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Originally Posted by tmilnthorp View Post
Does anyone know if the “ultimate road home sales event” can apply to the M3?

Offer available to qualified customers with excellent credit history who finance through BMW Financial Services NA, LLC. Offer limited to customers who have owned a BMW model in the last 12 months. In order to qualify for a BMW Loyalty Credit, loyal current or former BMW owners or lessees must show proof of ownership or BMW Financial Services NA, LLC account number and qualify for credit approval. Available credits: up to $1,750 off a new 2022 BMW X3, up to $2,500 off a new 2022 BMW 3 Series Sedan, up to $2,500 off a new 2022 BMW 5 Series. Must take delivery by November 30, 2021. Availability of finance and loyalty credits are subject to dealer participation. Visit your authorized BMW Center for important details.
Got my answer from my dealer. It was no.
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      11-08-2021, 07:05 PM   #1697
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M3 comp xdrive ‘22

MSRP: 84315

36 Months | 7500 Miles per year

Pre-Tax Pmt: $1052
Selected Tax %: 8.75% ($92)
Monthly Pmt incl. Tax: 1144

- First Month'sPmt: $1144
- Registration: $864.17
- Smog Abatement Fee: $20.00
- Tire Fee: $8.75
- Doc Fee: $85.00
- Electronic Filing Fee: $30.00
- Acq. Fee: $925
- Upfront Taxes: $438.38
- Down Payment: $3000

TOTAL DAS: $6515.30
MSD's (0):


Is this deal a good one?
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      11-08-2021, 07:29 PM   #1698
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Quote:
Originally Posted by tooshay View Post
M3 comp xdrive '22

MSRP: 84315

36 Months | 7500 Miles per year

Pre-Tax Pmt: $1052
Selected Tax %: 8.75% ($92)
Monthly Pmt incl. Tax: 1144

- First Month'sPmt: $1144
- Registration: $864.17
- Smog Abatement Fee: $20.00
- Tire Fee: $8.75
- Doc Fee: $85.00
- Electronic Filing Fee: $30.00
- Acq. Fee: $925
- Upfront Taxes: $438.38
- Down Payment: $3000

TOTAL DAS: $6515.30
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Is this deal a good one?
That's not a bad deal.
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      11-08-2021, 08:57 PM   #1699
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Quote:
Originally Posted by tooshay View Post
M3 comp xdrive '22

MSRP: 84315

36 Months | 7500 Miles per year

Pre-Tax Pmt: $1052
Selected Tax %: 8.75% ($92)
Monthly Pmt incl. Tax: 1144

- First Month'sPmt: $1144
- Registration: $864.17
- Smog Abatement Fee: $20.00
- Tire Fee: $8.75
- Doc Fee: $85.00
- Electronic Filing Fee: $30.00
- Acq. Fee: $925
- Upfront Taxes: $438.38
- Down Payment: $3000

TOTAL DAS: $6515.30
MSD's (0):


Is this deal a good one?
No. I mean, all leases are terrible right now. Look into BMW Select. With that kind of money OOP, your payment would be less (about $300/month less) and you wouldn't have a mileage restriction.

Last edited by 'Cane; 11-08-2021 at 09:57 PM..
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      11-08-2021, 09:41 PM   #1700
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Quote:
Originally Posted by tooshay View Post
M3 comp xdrive ‘22

MSRP: 84315

36 Months | 7500 Miles per year

Pre-Tax Pmt: $1052
Selected Tax %: 8.75% ($92)
Monthly Pmt incl. Tax: 1144

- First Month'sPmt: $1144
- Registration: $864.17
- Smog Abatement Fee: $20.00
- Tire Fee: $8.75
- Doc Fee: $85.00
- Electronic Filing Fee: $30.00
- Acq. Fee: $925
- Upfront Taxes: $438.38
- Down Payment: $3000

TOTAL DAS: $6515.30
MSD's (0):


Is this deal a good one?
No this is a fairly poor deal. But, that's the state of leasing now. I think you'd be far better off financing. Your payment would be roughly the same, but you'd have no mileage restriction.

If you do want to stay with the lease route, remove the down payment. Never put money down on a lease. If you drive off the lot and total the car, BMW's gap insurance (included in every lease) would cover what's owed on it, but you'd completely lose your down payment.

Instead, I would suggest doing a true 0 down 0 due at signing and roll everything into the monthly payment.
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      11-13-2021, 05:09 PM   #1701
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RFQ'ed a a dealer in Houston (BMW North) and they wanted $10k mark up. WTF
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      11-13-2021, 05:11 PM   #1702
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Quote:
Originally Posted by Bimmer Pleaser View Post
RFQ'ed a a dealer in Houston (BMW North) and they wanted $10k mark up. WTF
Pretty standard these days. I'm waiting for LCI next summer.
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      11-13-2021, 07:34 PM   #1703
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Originally Posted by gohawks23 View Post
Pretty standard these days. I'm waiting for LCI next summer.
I am in Houston not the Bay Area. Yikes. Any chance it gets better in 2022?
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      11-13-2021, 07:44 PM   #1704
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Originally Posted by Bimmer Pleaser View Post
I am in Houston not the Bay Area. Yikes. Any chance it gets better in 2022?
Lol. I doubt it. I'm in chip field and most of us already sold out for 2022...not a lot of upside!
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      11-15-2021, 01:41 AM   #1705
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Quote:
Originally Posted by 'Cane View Post
No. I mean, all leases are terrible right now. Look into BMW Select. With that kind of money OOP, your payment would be less (about $300/month less) and you wouldn't have a mileage restriction.
Correct me if I am wrong, but BMW Select is basically just an open ended lease with a ballon payment right? Considering everything is either marked up or MSRP with inflated MF, wouldn't that mean that the balloon payment would be higher than normal? On the other hand, if at the end of the terms there is still a shortage, then the car could be worth more than anticipated and the ballon payment could be less than the car is actually worth.

However, if you do a traditional lease, you're paying more up front, but might be able to come out on top if the residuals stay high, but if the residual drops, then you're still off the hook. Seems like a win-win... if you can stomach the monthly.
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      11-15-2021, 02:05 PM   #1706
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Originally Posted by gohawks23 View Post
Lol. I doubt it. I'm in chip field and most of us already sold out for 2022...not a lot of upside!
I want to complain about the insane markups but I just looked up my own car on KBB and its private party value is higher than the retail price I paid for it 3 years and 25k miles ago! This is nuts. Hopefully we'll bring this inflation under control soon.
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      11-15-2021, 02:14 PM   #1707
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Originally Posted by Bimmer Pleaser View Post
I want to complain about the insane markups but I just looked up my own car on KBB and its private party value is higher than the retail price I paid for it 3 years and 25k miles ago! This is nuts. Hopefully we'll bring this inflation under control soon.
Interest rates need to be jacked up man! Too much near free $ out there! Take care of cash is king savers like me. Haha! (Ps, hope it crashes housing market a bit too so I can get a deal!)
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      11-15-2021, 03:50 PM   #1708
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Wondering if the Lease program for November is going to be impacted.
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      11-15-2021, 06:52 PM   #1709
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Quote:
Originally Posted by Bimmer Pleaser View Post
I want to complain about the insane markups but I just looked up my own car on KBB and its private party value is higher than the retail price I paid for it 3 years and 25k miles ago! This is nuts. Hopefully we'll bring this inflation under control soon.
The current market IS nuts!!! We bought a Jeep Wrangler in June 2019. 29,000 miles and 2-1/2 years later, Carvana is offering $2,600 less than we paid for it, and Vroom is offering $3,500 more than we paid. Not that we have any intention of selling it, but still!!
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      11-15-2021, 06:56 PM   #1710
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Quote:
Originally Posted by jmg View Post
Correct me if I am wrong, but BMW Select is basically just an open ended lease with a ballon payment right? Considering everything is either marked up or MSRP with inflated MF, wouldn't that mean that the balloon payment would be higher than normal? On the other hand, if at the end of the terms there is still a shortage, then the car could be worth more than anticipated and the ballon payment could be less than the car is actually worth.

However, if you do a traditional lease, you're paying more up front, but might be able to come out on top if the residuals stay high, but if the residual drops, then you're still off the hook. Seems like a win-win... if you can stomach the monthly.
No, BMW Select is simply an installment loan with a lump-sum payment at contract's end. The buyer (not BMW FS) is assuming residual value risk. The buyer owes the lump sum amount, regardless of whether the vehicle is worth more or less than that amount. While the lower monthly payment amount is enticing, the buyer must still come up with the lump sum payment, in cash or refinancing (or use the proceeds of selling the vehicle, if he/she cannot).
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      11-15-2021, 07:23 PM   #1711
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Quote:
Originally Posted by luckylingy View Post
Quote:
Originally Posted by jmg View Post
Correct me if I am wrong, but BMW Select is basically just an open ended lease with a ballon payment right? Considering everything is either marked up or MSRP with inflated MF, wouldn't that mean that the balloon payment would be higher than normal? On the other hand, if at the end of the terms there is still a shortage, then the car could be worth more than anticipated and the ballon payment could be less than the car is actually worth.

However, if you do a traditional lease, you're paying more up front, but might be able to come out on top if the residuals stay high, but if the residual drops, then you're still off the hook. Seems like a win-win... if you can stomach the monthly.
No, BMW Select is simply an installment loan with a lump-sum payment at contract's end. The buyer (not BMW FS) is assuming residual value risk. The buyer owes the lump sum amount, regardless of whether the vehicle is worth more or less than that amount. While the lower monthly payment amount is enticing, the buyer must still come up with the lump sum payment, in cash or refinancing (or use the proceeds of selling the vehicle, if he/she cannot).
Gotcha. Seems like a lot of risk regardless. It doesn't leave any options for market fluctuation. The upside of lower residual vs market value would be shared with a lease, but with no option to wash your hands should the market value be lower.
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      11-16-2021, 02:44 PM   #1712
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Quote:
Originally Posted by dantm3 View Post
At my local dealer I put my name on the list back in March…. Waited until this month to get an allocation but getting it at msrp minus loyalty. The problem is the lists are so long there is no incentive to give a discounts or pull back markups…. I'm in austin tx but was told by my sales guy the list is 30 people deep and I was number 8 last month.. then they got allocations for October and I moved up to 3. Then he called me In late October and said I was next in line…. End of October I got my allocation And placed order.. he told every list people dropoff or aren't ready to buy and it moves really fast. Best idea is to call around and get your name on every list possible that are willing to give you msrp
Newbie to the forum. I found that the high volume dealers can get a quicker allocation but are adding on to MSRP ($10K) for that privilege. I put my name on a list with a smaller dealer and will wait and see. I'm struggling to understand why in 2022 I can't build my own car online and place an order to have it delivered to a local dealer (and pay then a destination fee) or through Performance Center in Spartanburg and pick it up myself. Allocations are a dealer by dealer problem. Not my problem. No wonder that companies like Carvana are changing the game...
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      11-17-2021, 11:50 AM   #1713
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Does anyone know what are the MF and Incentives for November?
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      11-17-2021, 12:07 PM   #1714
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Quote:
Originally Posted by RosieRoo View Post
Quote:
Originally Posted by dantm3 View Post
At my local dealer I put my name on the list back in March…. Waited until this month to get an allocation but getting it at msrp minus loyalty. The problem is the lists are so long there is no incentive to give a discounts or pull back markups…. I'm in austin tx but was told by my sales guy the list is 30 people deep and I was number 8 last month.. then they got allocations for October and I moved up to 3. Then he called me In late October and said I was next in line…. End of October I got my allocation And placed order.. he told every list people dropoff or aren't ready to buy and it moves really fast. Best idea is to call around and get your name on every list possible that are willing to give you msrp
Newbie to the forum. I found that the high volume dealers can get a quicker allocation but are adding on to MSRP ($10K) for that privilege. I put my name on a list with a smaller dealer and will wait and see. I'm struggling to understand why in 2022 I can't build my own car online and place an order to have it delivered to a local dealer (and pay then a destination fee) or through Performance Center in Spartanburg and pick it up myself. Allocations are a dealer by dealer problem. Not my problem. No wonder that companies like Carvana are changing the game...
Unlike say Tesla, most auto dealers are privately owned and have therefore have their own P&L. In order to eliminate that, the manufacturers would have to buy out their entire dealer network. Personally, I think it works for the most part as dealers (in NORMAL times) will work hard to compete for your sales and service business. But it can be frustrating.
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      11-18-2021, 10:07 AM   #1715
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Nov MF .00111
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      11-20-2021, 01:24 PM   #1716
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Can anyone confirm if Aug/Sep/Nov residuals are the same as what's noted for Oct in the first post?

Also which month had the best MF?

I ordered my car in Aug and expecting to pick up within Nov so will be able to choose whatever month had the best deal.

Thanks in advance.
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