03-17-2016, 06:25 PM | #1 |
Private
15
Rep 69
Posts |
BMW Company Discount
Hi All,
I get a 6% discount (off MSRP) on BMWs including M models through my employer. I am on the fence on buying an M2. But given I receive this discount and the M2 is a brand new model likely going for at least MSRP, I am really considering placing an order. What are folks paying for these if not MSRP? Are any going for less than MSRP? Is the 6% off deal too good to pass up knowing if I sold the car used in a few years I wouldn't lose much in depreciation? Thanks for letting me know your thoughts! |
03-17-2016, 10:29 PM | #3 |
Major
1570
Rep 1,298
Posts |
Buy it! 6% off is good and mostly everyone is paying MSRP. I'm paying MSRP but would be stoked to get just 1% off lol.
I also get BMW discount through my employer but doesn't work on M models, fail |
Appreciate
1
|
03-17-2016, 10:42 PM | #4 | |
Major
826
Rep 1,015
Posts |
Quote:
One of the SAs I talked to said Employees wouldn't be allowed to purchase the first cars. I doubt any will be sold below MSRP. |
|
Appreciate
0
|
03-17-2016, 11:40 PM | #5 |
Brigadier General
1622
Rep 3,402
Posts |
I don't think i would ever buy a car purely to take advantage of a discount. If it is a car you want the discount is a good way to buy it. Right now most dealers seem to be going with over MSRP, I think that will change in a year or perhaps a little less. At this point the waiting lists that dealers have extend past the amount of cars they will be getting for the next year so its most likely too late to score a 2016 this year. If you want one I would get on several lists and then wait until your turn comes up and then make the decision.
|
Appreciate
1
|
03-18-2016, 07:04 AM | #7 | |
Banned
7906
Rep 11,785
Posts |
Quote:
The M2 is a a helluva car at a helluva price. Like the 1M, its nearest competition is really the Porsche Cayman and the M2 will likely be considered the equal of nearly all Caymans with the exception of the GT4. The $45k 1M was always compared to the $76K Cayman R. The M2 is trounced by an 84K GT4 (understandably) and we will see how the new turbo Cayman fares but I expect the Cayman S to be the closest competitor. The M2 will be produced in lower figures than the M4 which will make it more rare. You are late to the game but perhaps if you look hard you will find a 2016 model. most dealers in the US are selling at or above MSRP currently. Conventional wisdom for most new cars is that this will die down after awhile. Conventional wisdom seems to be having a battle with production realities at the moment however and it does appear that the M2 will be hard to come by for awhile. If you are able to get a car and use your discount then a great price on a great car becomes a PHENOMENAL situation. As far as resale value, BMWs smaller M cars, the 1M/M3/M4/MZ3/MZ4 all hold their value far better than the average vehicle. I expect the M2 to be the same. |
|
Appreciate
0
|
03-18-2016, 07:19 AM | #8 | ||
Banned
7906
Rep 11,785
Posts |
Quote:
I would tend to agree with you on the availability of an M2 for employees but as opposed to it being a dealer policy, consider this ; when the 1M came out and once production figures were finally announced a lot of dealer owners magically purchased cars and a lot of cars turned from MSRP to 5-10k markup , either basically would probably force out most dealer employees anyway as they wouldn't want to pay over market if they normally get a discount and certainly they aren't gonna get a car over the owner. |
||
Appreciate
0
|
03-18-2016, 08:28 PM | #9 |
Private
15
Rep 69
Posts |
I got on a waitlist at the largest dealer in Houston. Said I was number 19 but could move up if others back out. Deposit is refundable up until it goes into build status. He estimated my delivery date would be 4Q this year.
I am on the fence because I know this would not be my long term car (want to get an exctint N/A car like an E92 M3 or Viper to keep in the long run) but rather I would only keep this for 2-3 years then sell it. When I do go to sell it I want to ensure it has a very strong resale value and I don't lose much on depreciation. If all works out this could be a perfect stop-gap for me for a few years! |
Appreciate
1
|
03-18-2016, 09:18 PM | #10 | |
Major
826
Rep 1,015
Posts |
Quote:
There's nothing to negotiate with at this point in time. |
|
Appreciate
0
|
03-18-2016, 11:29 PM | #11 | |
Private
15
Rep 69
Posts |
Quote:
|
|
Appreciate
0
|
03-19-2016, 07:58 AM | #12 | |
Banned
7906
Rep 11,785
Posts |
Quote:
Or... Just make your best deal on an E9x now and hold onto it because it is the last of the NA motored M3s. As far as the 6 percent discount , while we understand that you have a discount , what we are also saying is that if this car is still this white hot when your allocation comes open, it's fairly likely that the dealer may disallow the discount or they may add a markup fee because the car is in such high demand. If you can get your 6 percent off an M2 by either company discount or EUROPEAN delivery discount then rock on ! Just don't be surprised if the deal changes by the time delivery occurs. One dealer promised a guy cross country deliver for free and has already pulled back. Other people have had 5k " market adjustments " happen as well, for example BMW of Dallas. |
|
Appreciate
0
|
03-19-2016, 09:00 AM | #13 | |
Lieutenant Colonel
1236
Rep 1,963
Posts |
Quote:
__________________
Current
AW BMW M2 Past VO BMW 1M |
|
Appreciate
0
|
03-19-2016, 10:10 AM | #14 |
Private
15
Rep 69
Posts |
Correct, the way It works is I get a voucher to bring into the dealer for 6% off. BMW Corporate then refunds the dealer the discounted amount. It does not exclude any models as far as I know
|
Appreciate
0
|
03-19-2016, 10:43 AM | #15 |
Lieutenant
68
Rep 401
Posts
Drives: 2012 911GTS & 2014 X1
Join Date: Aug 2012
Location: SW FL
|
|
Appreciate
0
|
03-19-2016, 03:22 PM | #17 |
Lieutenant
68
Rep 401
Posts
Drives: 2012 911GTS & 2014 X1
Join Date: Aug 2012
Location: SW FL
|
Not a BMW employee.
I didn't even ask, they just offered it to me. I have purchased 4 or 5 cars from this dealership, but nothing extraordinary. I think it's just starting to slow down and they want to move stuff. |
Appreciate
0
|
03-19-2016, 03:25 PM | #18 | |
Colonel
1823
Rep 2,948
Posts |
Quote:
|
|
Appreciate
0
|
03-19-2016, 07:12 PM | #19 | |
Major
826
Rep 1,015
Posts |
Quote:
Was this on an M2 or some other car? |
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|