[xXSupa]

I've been eyeing a 2011 BMW 335i xDrive Coupe for over a month now.
It's a fully loaded AW/Coral Red with M sport package.
56,100 KMs on it,
Located in Vancouver, BC.
Current asking price is $41,900.

I say current because the asking price when the car first arrived was $40,900. They raised it to $41,900 a week later.

As of today, the car has been on the lot for 40 days, but the price has not dropped.

How likely am I to get the car for $36,900?
This is the highest price I can pay because of my financing budget. After fees, taxes, and a $9000 down payment, I will be paying $600 a month, which is my maximum budget.

I have already worked out a few arguments below that I can use to try and negotiate with the dealer, but I don't know how effective it will be. Looking for some opinions or tips on what I should do.

1. There was another 2011 BMW 335i xDrive Coupe, AW with M Sport Package, Fully loaded, Only 34,000 KMs on it, back in November 2013 with an asking price of $42,895 (From a different dealership in the area). A month later, in December, the asking price was lowered to $38,895, and it sold within 2 weeks. Let's assume that the buyer went in and bargained a little bit more and got it for $38,000, which is fairly reasonable. From an original asking price of $42,895, the buyer got a discount of 11.4%

Now in March, 3 months later, the value of the car should have dropped by approx $1000~$2000, not factoring in the 22,000 difference in KMs.

My offer of $36,900 is within that range, and is a 11.9% discount off the current asking price of $41,900, which is fairly close to the other car that was sold. HOWEVER, the original asking price of this car was $40,900 when it first arrived. If we use that value, then I am only getting a 9.78% discount.

2. Most dealers on average give a maximum discount of 10% off used cars. Using the original asking price, my offer is less than 10% off.


Also, dont know if it makes a difference, but this dealership is only 3 years old, and they have been known to give crazy deals in the past.

[SgtGoldy]

Originally Posted by xXSupa

I've been eyeing a 2011 BMW 335i xDrive Coupe for over a month now.
It's a fully loaded AW/Coral Red with M sport package.
56,100 KMs on it,
Located in Vancouver, BC.
Current asking price is $41,900.

I say current because the asking price when the car first arrived was $40,900. They raised it to $41,900 a week later.

As of today, the car has been on the lot for 40 days, but the price has not dropped.

How likely am I to get the car for $36,900?
This is the highest price I can pay because of my financing budget. After fees, taxes, and a $9000 down payment, I will be paying $600 a month, which is my maximum budget.

I have already worked out a few arguments below that I can use to try and negotiate with the dealer, but I don't know how effective it will be. Looking for some opinions or tips on what I should do.

1. There was another 2011 BMW 335i xDrive Coupe, AW with M Sport Package, Fully loaded, Only 34,000 KMs on it, back in November 2013 with an asking price of $42,895 (From a different dealership in the area). A month later, in December, the asking price was lowered to $38,895, and it sold within 2 weeks. Let's assume that the buyer went in and bargained a little bit more and got it for $38,000, which is fairly reasonable. From an original asking price of $42,895, the buyer got a discount of 11.4%

Now in March, 3 months later, the value of the car should have dropped by approx $1000~$2000, not factoring in the 22,000 difference in KMs.

My offer of $36,900 is within that range, and is a 11.9% discount off the current asking price of $41,900, which is fairly close to the other car that was sold. HOWEVER, the original asking price of this car was $40,900 when it first arrived. If we use that value, then I am only getting a 9.78% discount.

2. Most dealers on average give a maximum discount of 10% off used cars. Using the original asking price, my offer is less than 10% off.


Also, dont know if it makes a difference, but this dealership is only 3 years old, and they have been known to give crazy deals in the past.

I'm gonna go ahead and say no. Maybe 38k or even 37k if you play your cards right, but not a 5k reduction in price. That seems like too big of a loss for a dealership to take. And a month on the Lot isnt a burden just yet, cars last several months before being sold off. Maybe they can get a bit desperate later on, but I wouldn't say there are right now.

[spuntyb]

Not likely, unless you've worked with them before. If you're just someone coming off the street, I would say not below $39k. Maybe $38k. 40 days isn't enough time for them to start lowering the price all that much. 90 days on and you're more likely to broker a lower price.

Good luck either way. Even for $39-40k, it sounds like a great car...especially if we're talking about a single owner and a clean title.