BMW Broker here, Ask Me Anything about car leases/purchases!

TrevorM3 · 04-29-2021, 09:50 PM

Quote:

Originally Posted by nerdogray

I tried to work with my local dealer, and they just started flat out ignoring me when I brought up items like money factor and whatnot. I guess if they couldn't rip me off, they didn't want to bother. Currently working with Dan for a PCD pickup and will relish when I have to take it in for first service.

hahah, good!

so many people (and on this board) are totally out of touch with reality. Dealers are NOT your friends. They hate when a consumer actually knows what they are talking about. I always catch shit from people saying i nickle and dime dealers. Because for every 10 people that buy a car, i'd say less than half negotiate. So i'm going to make the dealer earn his cut, plain and simple.

Rosco P · 04-30-2021, 04:56 AM

Quote:

Originally Posted by TrevorM3

hahah, good!

so many people (and on this board) are totally out of touch with reality. Dealers are NOT your friends. They hate when a consumer actually knows what they are talking about. I always catch shit from people saying i nickle and dime dealers. Because for every 10 people that buy a car, i'd say less than half negotiate. So i'm going to make the dealer earn his cut, plain and simple.

Same. I love taking a car that I bought at a dealer that would deal with me to my local dealer, who is very tough to deal with, for service.

On the service side...my local dealer is a 10/10 though.

TrevorM3 · 04-30-2021, 06:51 AM

Quote:

Originally Posted by Rosco P

Same. I love taking a car that I bought at a dealer that would deal with me to my local dealer, who is very tough to deal with, for service.

On the service side...my local dealer is a 10/10 though.

oh yea, thats always interesting. I'd love to buy a car from my local dealer 4 minutes away from me. But they never allow me to. So, my last 3 have come from all over the US. I'm at the point now where i dont even bother asking for a price anymore. And i know when someone purchases a car from them, they got nailed.

Quinn A · 04-30-2021, 08:29 AM

Same here, i always give my local dealers a shot first and tell them up front "may last 8 BMWs came from out of state due to pricing" and then they give me an offer showing me why they come out of state.

When i got my 328D the local dealer gave me a "best price" of $690 a month and i said my best quote was $280 even with $0 down, and they told me in email "yea right" so the first oil change there was very satisfying with that car.

Same with my M8, was quoted $900 more per month then what i ended up with

AHall · 04-30-2021, 11:07 AM

Quote:

Originally Posted by Quinn A

Same here, i always give my local dealers a shot first and tell them up front "may last 8 BMWs came from out of state due to pricing" and then they give me an offer showing me why they come out of state.

When i got my 328D the local dealer gave me a "best price" of $690 a month and i said my best quote was $280 even with $0 down, and they told me in email "yea right" so the first oil change there was very satisfying with that car.

Same with my M8, was quoted $900 more per month then what i ended up with

You got a 328D for $280/month with $0 down? What year?

Fore-Left · 04-30-2021, 12:28 PM

With forums like this and leasehackr, most shoppers go into the dealership with a general idea of what they want from a deal. I'm not sure if the salespeople in the dealership understand that there are a lot more well-researched buyers now. They act surprised when they hear what type of deals are out there.

nerdogray · 04-30-2021, 01:42 PM

Yea, I let it drop that I knew the money factor for April, and at that point it became radio silence. Build slots seem hard to find right now, and I guess they'd rather use them on on somebody that will just say "yea, that's a great deal, I love paying $500 extra a month" with whatever they're given.

Fore-Left · 04-30-2021, 01:50 PM

Quote:

Originally Posted by nerdogray

Yea, I let it drop that I knew the money factor for April, and at that point it became radio silence. Build slots seem hard to find right now, and I guess they'd rather use them on on somebody that will just say "yea, that's a great deal, I love paying $500 extra a month" with whatever they're given.

TrevorM3 · 04-30-2021, 09:23 PM

Quote:

Originally Posted by nerdogray

Yea, I let it drop that I knew the money factor for April, and at that point it became radio silence. Build slots seem hard to find right now, and I guess they'd rather use them on on somebody that will just say "yea, that's a great deal, I love paying $500 extra a month" with whatever they're given.

yeah once they hear you mention "money factor" or "cap cost" they know they aren't dealing with a dummy.

Hell, asked for a quote using those terms once, and the dealer replied

"are you a dealer?"

paliknight · 05-06-2021, 12:28 AM

Quote:

Originally Posted by TrevorM3

Quote:

Originally Posted by nerdogray

Yea, I let it drop that I knew the money factor for April, and at that point it became radio silence. Build slots seem hard to find right now, and I guess they'd rather use them on on somebody that will just say "yea, that's a great deal, I love paying $500 extra a month" with whatever they're given.

yeah once they hear you mention "money factor" or "cap cost" they know they aren't dealing with a dummy.

Hell, asked for a quote using those terms once, and the dealer replied

"are you a dealer?"

Every time i ask for detailed paperwork including MF, RV, etc. they come back with a sheet that literally just says with XXX down payment, the monthly would be XXX.

NoynuR · 05-09-2021, 05:56 PM

PM'd you and emailed. Next Level Auto Brokers

Next Level Auto Brokers · 05-19-2021, 06:20 PM

All 5 series including M5 are seeing major slowdowns in production because of the chip shortage. There are so few out there and the M5 at a discount is pretty much a no-go.

2022s are starting soon as 2021 builds are now all but done.

VirtualMayhem · 05-20-2021, 11:30 AM

Quote:

Originally Posted by Next Level Auto Brokers

All 5 series including M5 are seeing major slowdowns in production because of the chip shortage. There are so few out there and the M5 at a discount is pretty much a no-go.

2022s are starting soon as 2021 builds are now all but done.

Thanks for the update Dan. I sent you a PM about my lease expiring in a few months. Looks like a 2022 will be my only option at this point

micvite · 05-20-2021, 02:47 PM

Next Level Auto Brokers
When would I be able to put in an order for a 2022 m5c custom and what do you think I'd be able to get off msrp (139k) looking to pretty much get this done asap, and if you could help that would be awesome!

nerdogray · 05-20-2021, 03:41 PM

I think there's so much pent up demand at this point, there are gonna be zero discounts. Hell, there may end up even being a markup. I don't know if he keeps a running list, but I've asked to be put on it. I'm probably a long way down.

I just couldn't pull the trigger on the M5 CS. To me, they just really hamstrung themselves with the limited color options. The grey just does not go with those wheels, and I don't like green. The exhaust is also anemic, especially compared to the MPE upgrade for the Competition. I feel like they really missed an opportunity to make it truly special.

Next Level Auto Brokers · 05-20-2021, 04:05 PM

Once the first batch of 2022 M5 allocations are released, I should have a good grasp on discount, if any.

If it's a limited number because of the parts shortages, then I expect MSRP or close to it.

Serious pent up demand as we saw a gap in production for about 3-4 months

Next Level Auto Brokers · 05-20-2021, 04:08 PM

QUICK FYI

If you are returning a lease, check the trade in value on carvana or vroom to make sure you aren't leaving money on the table.

Not so much BMW lease returns, but a lot of other makes, I'm seeing a few grand in equity at lease end.

I mentioned to a customer recently on a 2018 Audi A4 lease...$8k in equity so he sold it to the dealer and took a check back when picking up his bimmer!

INSANE MARKET...TAKE FULL ADVANTAGE!

Quinn A · 05-20-2021, 04:10 PM

Quote:

Originally Posted by AHall

You got a 328D for $280/month with $0 down? What year?

2018. $54k MSRP

dogears · 05-21-2021, 12:53 AM

I picked up my 21 M5C Friday. Was returning my AMG to MB when I was tipped off about this. Headed to CarMax and sold to them for 76K and avoided the lease end fee. My Residual was about 68500. Made about 8k!

Quote:

Originally Posted by Next Level Auto Brokers

QUICK FYI

If you are returning a lease, check the trade in value on carvana or vroom to make sure you aren't leaving money on the table.

Not so much BMW lease returns, but a lot of other makes, I'm seeing a few grand in equity at lease end.

I mentioned to a customer recently on a 2018 Audi A4 lease...$8k in equity so he sold it to the dealer and took a check back when picking up his bimmer!

INSANE MARKET...TAKE FULL ADVANTAGE!

Greer · 05-21-2021, 01:49 AM

Quote:

Originally Posted by dogears

I picked up my 21 M5C Friday. Was returning my AMG to MB when I was tipped off about this. Headed to CarMax and sold to them for 76K and avoided the lease end fee. My Residual was about 68500. Made about 8k!

Way to go!

shellbmb · 05-21-2021, 10:36 AM

Quote:

Originally Posted by dogears

I picked up my 21 M5C Friday. Was returning my AMG to MB when I was tipped off about this. Headed to CarMax and sold to them for 76K and avoided the lease end fee. My Residual was about 68500. Made about 8k!

Did carmax take care of all the paperwork with MB financial?

dogears · 05-21-2021, 10:49 AM

Yes. What a great business. Easy, fast, professional, clean, etc. Literally in an out. They called MB and got the payoff. Then cut me a check, no tax, for the surplus.

Quote:

Originally Posted by shellbmb

Did carmax take care of all the paperwork with MB financial?

04-30-2021, 08:29 AM	#136
Quinn A Second Lieutenant 122 Rep 243 Posts Drives: 2016 M3 Join Date: Apr 2018 Location: Chicago iTrader: (0)	Same here, i always give my local dealers a shot first and tell them up front "may last 8 BMWs came from out of state due to pricing" and then they give me an offer showing me why they come out of state. When i got my 328D the local dealer gave me a "best price" of $690 a month and i said my best quote was $280 even with $0 down, and they told me in email "yea right" so the first oil change there was very satisfying with that car. Same with my M8, was quoted $900 more per month then what i ended up with __________________ 2020 M8 SMB full boltons and tune 2022 CT5-V Blackwing 2019 GT3RS full headers exhaust and tune 2022 Cayenne Turbo coupe Catless/ Tune 2022 Huracan STO
	Appreciate 2 nerdogray1303.00 pookiemalibu312.00 Quote

04-30-2021, 12:28 PM	#138
Fore-Left Private 22 Rep 64 Posts Drives: 2022 X5 M50I Join Date: Apr 2018 Location: NJ iTrader: (0) Garage List 2019 BMW X6 [0.00]	With forums like this and leasehackr, most shoppers go into the dealership with a general idea of what they want from a deal. I'm not sure if the salespeople in the dealership understand that there are a lot more well-researched buyers now. They act surprised when they hear what type of deals are out there.
	Appreciate 0 Quote

04-30-2021, 01:42 PM	#139
nerdogray Captain 1303 Rep 659 Posts Drives: 2023 M5 Competition Join Date: Jul 2018 Location: TN iTrader: (0)	Yea, I let it drop that I knew the money factor for April, and at that point it became radio silence. Build slots seem hard to find right now, and I guess they'd rather use them on on somebody that will just say "yea, that's a great deal, I love paying $500 extra a month" with whatever they're given.
	Appreciate 0 Quote

05-09-2021, 05:56 PM	#143
NoynuR Captain 378 Rep 799 Posts Drives: 2023 BSM M4 CSL Join Date: Jan 2013 Location: Austin Texas iTrader: (4)	PM'd you and emailed. Next Level Auto Brokers
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05-19-2021, 06:20 PM	#144
Next Level Auto Brokers Captain 1049 Rep 793 Posts Drives: M car specialist Join Date: Apr 2020 Location: NY, NY, CT, PA, MD, VA, DE, MA, NH, VT, FL, GA, SC, NC, MS, TX, CA, WA, NV iTrader: (0)	All 5 series including M5 are seeing major slowdowns in production because of the chip shortage. There are so few out there and the M5 at a discount is pretty much a no-go. 2022s are starting soon as 2021 builds are now all but done.
	Appreciate 0 Quote

05-20-2021, 02:47 PM	#146
micvite Colonel 1540 Rep 2,008 Posts Drives: 2009 mazda RX8 Join Date: Dec 2019 Location: Alaska iTrader: (0)	Next Level Auto Brokers When would I be able to put in an order for a 2022 m5c custom and what do you think I'd be able to get off msrp (139k) looking to pretty much get this done asap, and if you could help that would be awesome!
	Appreciate 0 Quote

05-20-2021, 03:41 PM	#147
nerdogray Captain 1303 Rep 659 Posts Drives: 2023 M5 Competition Join Date: Jul 2018 Location: TN iTrader: (0)	I think there's so much pent up demand at this point, there are gonna be zero discounts. Hell, there may end up even being a markup. I don't know if he keeps a running list, but I've asked to be put on it. I'm probably a long way down. I just couldn't pull the trigger on the M5 CS. To me, they just really hamstrung themselves with the limited color options. The grey just does not go with those wheels, and I don't like green. The exhaust is also anemic, especially compared to the MPE upgrade for the Competition. I feel like they really missed an opportunity to make it truly special.
	Appreciate 0 Quote

05-20-2021, 04:05 PM	#148
Next Level Auto Brokers Captain 1049 Rep 793 Posts Drives: M car specialist Join Date: Apr 2020 Location: NY, NY, CT, PA, MD, VA, DE, MA, NH, VT, FL, GA, SC, NC, MS, TX, CA, WA, NV iTrader: (0)	Once the first batch of 2022 M5 allocations are released, I should have a good grasp on discount, if any. If it's a limited number because of the parts shortages, then I expect MSRP or close to it. Serious pent up demand as we saw a gap in production for about 3-4 months
	Appreciate 0 Quote

05-20-2021, 04:08 PM	#149
Next Level Auto Brokers Captain 1049 Rep 793 Posts Drives: M car specialist Join Date: Apr 2020 Location: NY, NY, CT, PA, MD, VA, DE, MA, NH, VT, FL, GA, SC, NC, MS, TX, CA, WA, NV iTrader: (0)	QUICK FYI If you are returning a lease, check the trade in value on carvana or vroom to make sure you aren't leaving money on the table. Not so much BMW lease returns, but a lot of other makes, I'm seeing a few grand in equity at lease end. I mentioned to a customer recently on a 2018 Audi A4 lease...$8k in equity so he sold it to the dealer and took a check back when picking up his bimmer! INSANE MARKET...TAKE FULL ADVANTAGE!
	Appreciate 0 Quote