[Multimodal]

One of my local dealers is quoting MSRP (about $119K) for a MY22 M5 Competition. Is that about as good as it gets, or should I be able to negotiate a discount?

I know that pre-pandemic you could get ~10% off most BMWs and maybe even a couple more percentage points off of leftover / last model year inventory. During the pandemic people were paying markups. I see some claims on Leasehackr that people are getting 8-10% off M5s, but I don't know if those deals are easily replicable. What's the situation right now?

[Hachima]

Instead of 'should' I think the word to use is 'can'. Is this the M5 from Pacific? I was able to get a discount on a new 2022 X3M (current MY) I bought this year when most dealerships were asking for a 5k markup. Does the dealership want the capitol for other orders? Are they looking to hit some target incentive goals for a bonus from BMW NA?

If that is the car in question, my inquiry would be to mention a similar 2023 car (providing a reference) and say their car is close to what you are looking for but not exactly what you want and give them an offer. Then mention you would prefer to not have the moonroof since it adds ~50 pounds and affects the handling, you would prefer a car with B&W sound and you do like the hands free tailgate ability which exists on your current car which was removed from this car.

If they reject your offer but the car doesn't move, they may reach back out to you later.

In the end, it doesn't hurt to ask.

[Multimodal]

Not the same car - this is one of the 6 or so leftover M5Cs in the SF Bay Area.

[Hachima]

What is the case you would present in order to warrant a discount?

[aj_g80]

8-10% off m5's now? No way. BS.


Best i think i've seen is 2%. If it's a car you really want just get it, everyone is obsessed with where they "think" the market might head and are pulling back. Either you can swing msrp, or not..

[crypto]

Remember that the same exact car if MY23 is $4200 more. It can't hurt to try and negotiate 1-2% off but I wouldn't let that be a deal breaker.

[aj_g80]

well, right above this thread is 4% off. Which will then be the below this thread after this post. there you go OP

[M3PGH]

on a 22 MY , you should get at least 8-10 % off
why: MY 23 are on the lot and allocations are plentiful and these you can have for 5% off with some leg work
market is changing weekly in customer direction , so people that claim otherwise , don't know the market

[Multimodal]

Originally Posted by M3PGH

on a 22 MY , you should get at least 8-10 % off
why: MY 23 are on the lot and allocations are plentiful and these you can have for 5% off with some leg work
market is changing weekly in customer direction , so people that claim otherwise , don't know the market

In normal times, sure, but is this achievable now? Have you seen anyone get 10% off an M5 since mid-2020 when supply chain shortages started to hit?

[Hachima]

Originally Posted by aj_g80

well, right above this thread is 4% off. Which will then be the below this thread after this post. there you go OP

I think the key here is location. 4% off on the East coast but not West Coast.

I bought a new X3M this year (~80k MSRP). All 6 dealerships in CA I contacted wanted a 2.5-5k markup. I went outside of CA and got a 4k (5%) discount (with no prior history with that dealership) with a similar discount at another non-CA dealership I have a history with.

2022s were still coming of the line in June, maybe July? The 2023 doesn't bring anything new to the table other than color choice change and included M 50 emblems? There may be some minor tweaks based on prior MY issues but I'm aware of any game changing differences.

If it were an LCI change between the years, then it would be a different story.

[crypto]

Originally Posted by Hachima

I think the key here is location. 4% off on the East coast but not West Coast.

I bought a new X3M this year (~80k MSRP). All 6 dealerships in CA I contacted wanted a 2.5-5k markup. I went outside of CA and got a 4k (5%) discount (with no prior history with that dealership) with a similar discount at another non-CA dealership I have a history with.

2022s were still coming of the line in June, maybe July? The 2023 doesn't bring anything new to the table other than color choice change and included M 50 emblems? There may be some minor tweaks based on prior MY issues but I'm aware of any game changing differences.

If it were an LCI change between the years, then it would be a different story.

2023 brings a $4200 price increase. That's its party trick. Makes the 2022 even more of a deal. No way anyone is giving 10% off.

[M3PGH]

Originally Posted by Mr. Maboomba

In normal times, sure, but is this achievable now? Have you seen anyone get 10% off an M5 since mid-2020 when supply chain shortages started to hit?

in normal times the 22 left over should be 15 % off with the 23 MY on the lots .
I don't think it will be easy but doable to get 8-10 % off a 22 as sooner than later you will get 7% off 23 MY year.
I had a 2019 M5C that I sold march 2021 and I miss that car. A month ago started checking on allocations on 2023. I called three dealers and every dealer had couple of 23 incoming not sold and couple of allocations available and was offered 2-3 % off.
I passed because to me M5 drops like a rock and the only way it make sense is if you get at least 7-8 % off on current model year.
Also you have to remember that MB resumed the production of the E63. The lack of production of E63 last year or so helped the M5 .
market is favoring consumer at this time even with some supply issues still remaining as demand momentum have shifted in a negative way.
the only way to buy a new car at present time is with some reasonable discount and if you have a trade that is fetching more money than usual.
also even if dealers are telling you incoming cars are sold , I can bet that a bunch of these will end up sitting on lots as buyers back out.
A fair number of people in the high demand mania started ordering cars that they can't afford because they were convinced that you buy the car and couple of months later you sell it and make some money.
Now with the softer market and economy, most will wise up and back out of these cars

[SpeedyATL]

Originally Posted by M3PGH

also even if dealers are telling you incoming cars are sold , I can bet that a bunch of these will end up sitting on lots as buyers back out.

Now with the softer market and economy, most will wise up and back out of these cars

This is a sage observation. I've been watching a particular BMW M model. Currently there are 110+ new units listed for sale in autotrader/cargurus and 35+ of them have actual pictures. I'm betting the ones with actual pictures of the car are the ones that someone backed out of and the car is on the dealer lot for sale.

Things can't change quickly enough, I'm tired of the dealers having the upper hand....too bad it means that the economy has to go in the toilet to correct this ship though.

[SSM5]

Some dealers have cars in the showroom without actual pictures online. The big difference now is there are only 110 or so listed as available. Back in the Summer of 2019 when I picked up my 2019 M5 there were over 500+ 2019 M5's listed.

[mjr24]

Originally Posted by M3PGH

in normal times the 22 left over should be 15 % off with the 23 MY on the lots .
I don't think it will be easy but doable to get 8-10 % off a 22 as sooner than later you will get 7% off 23 MY year.
I had a 2019 M5C that I sold march 2021 and I miss that car. A month ago started checking on allocations on 2023. I called three dealers and every dealer had couple of 23 incoming not sold and couple of allocations available and was offered 2-3 % off.
I passed because to me M5 drops like a rock and the only way it make sense is if you get at least 7-8 % off on current model year.
Also you have to remember that MB resumed the production of the E63. The lack of production of E63 last year or so helped the M5 .
market is favoring consumer at this time even with some supply issues still remaining as demand momentum have shifted in a negative way.
the only way to buy a new car at present time is with some reasonable discount and if you have a trade that is fetching more money than usual.
also even if dealers are telling you incoming cars are sold , I can bet that a bunch of these will end up sitting on lots as buyers back out.
A fair number of people in the high demand mania started ordering cars that they can't afford because they were convinced that you buy the car and couple of months later you sell it and make some money.
Now with the softer market and economy, most will wise up and back out of these cars

This isn't happening on a 22. You won't get a discount there, either. After all, the dealer can say…."hey feel free to go buy the same car in a 23 and pay 4200 more".