05-31-2021, 06:38 PM | #1 |
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Good deal x5 45e
Is this a good deal?
5% off MSRP off a custom build. Then another 5% off because of rebates / incentives? Also, dealership is offering 1.9% interest rate instead of 0.9%. Thoughts on this? They said they're allowed to. |
06-01-2021, 08:42 AM | #5 | |
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I would try and squeeze them for another 1 or 2% and try to get the base .9% financing.
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06-01-2021, 08:48 AM | #6 |
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did they say why they raised to 1.9%? lower credit tier or longer loan length?
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06-01-2021, 08:55 AM | #7 |
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Dealers are allowed to mark it up and the extra interest goes to them. Just like when the mark up the money factor on a lease.
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06-01-2021, 01:51 PM | #8 |
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06-02-2021, 12:23 PM | #9 |
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This is why relationships are important. If they pull that bugger at me. I will walk out quick.
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06-02-2021, 01:06 PM | #11 |
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There's some more information somewhere in the forums so you can get a more accurate number, but about 6% below MSRP seems to line up with invoice. Not perfect by any means, but it's a good number to keep in mind for negotiating.
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06-02-2021, 02:53 PM | #12 |
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06-02-2021, 07:58 PM | #14 | |
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I believe they are still using the calculations they switched to in 2017: BMW US Invoice Pricing calculation Base vehicle US MSRP (from pricing sheets) multiplied by 0.93 + MACO fee $500.00 (flat rate applied to all dealers) = Base vehicle US BMW invoice price To figure the invoice price of your BMW as configured add - + Option and packages (anything you can add to the vehicle) multiplied by 0.92 + Training fee of $180.00 + Destination and handling charge - Currently $995 = Total vehicle invoice price +/- $10.00 BMW has also increased the holdback from 5 percent of vehicle base cost to 5 percent of the sticker price. I do not know all of the details on that program.
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