BMW M6 deals

[P13TR0]

It popped up on the BMW Finance Offers site today - I have been keeping an eye out for an M5 offer, but now tempted by the M6 GC.

http://www.bmw.co.uk/en_GB/topics/owners/offers/m-...

I would be interested to know what level of discount people achieved with the 0% deal. My objective is to push for around £25K discount + 0% finance. By my calculations, this would be similar to the £35K discount at 4.9% APR offered earlier this year.

Edited by P13TR0 on Tuesday 7th October 17:13

[JMBMWM5]

P13TR0 said:

It popped up on the BMW Finance Offers site today - I have been keeping an eye out for an M5 offer, but now tempted by the M6 GC.

http://www.bmw.co.uk/en_GB/topics/owners/offers/m-...

My M6 GC CP will be here next week, you will love that car for sure.

[RichardM5]

As that offer is basically giving you a 17k discount without asking for anything, I'd have thought that an extra 8K off would be eminently achievable.

[JMBMWM5]

RichardM5 said:

As that offer is basically giving you a 17k discount without asking for anything, I'd have thought that an extra 8K off would be eminently achievable.

YEP I would think so too.

[shadow1964]

I agree also, to match the best contribution that was out there previously there needs to be another £8.5k discount available. Will be interesting to see who can get what and from whom going forward.

Now with reference to the previous deal, we know BMW were prepared to contribute £34k discount, my question is was such a discount available to cash buyers? I make the presumption it was, can any cash buyer from the last quarter confirm this or was it applicable only to those seeking the finance package?

If the answer is yes it was applicable that means the same discount must surely be achievable again if a cash buyer as it cannot be the case BMW can discount £34k one minute and not the next?

[Palmball]

Yes it was available to cash buyers - I think JMBMWM5 is one of these rare breeds

Even if it wasn't, you'd take the finance and pay it off immediately.

When I got my 0% deal, I also got c.£22k discount on a £116k car (19%) but it was 16 months ago when I ordered the car - given the M6 is more plentiful and demand will have dropped as the car ages, I'd expect even better to be achievable now.

Whatever the up front discount though, a word of warning which I'm sure anyone buying one of these expects - I can tell you that selling an M6 was one of the most difficult things I've ever in all my car-related antics. I know I don't do myself any favours (like trying to sell a 1 year old M6!) but I've had plenty of practice and yet have never had so much trouble / so little interest in a car. unlike me, buy it to keep for a while....or buy something else (or a cheap used one).

Awesome car though, easily one of the most competent and underrated cars out there.

[wnd]

RichardM5 said:

As that offer is basically giving you a 17k discount without asking for anything, I'd have thought that an extra 8K off would be eminently achievable.

Unlikely imho. What you have to understand here is the difference between the discount coming from the dealer and that coming from BMW. Any discount achieved above the published amount comes from the dealers margins, the BMW contribution is fixed.

The old deal was £18k from BMW and £9,722 from Dealer. The common deals on a £100k spec were around £30-£32k (so an extra £3-5k from the dealer, although some achieved more).

The new deal is £7,500 from BMW (but with 0%) and almost the same £9,186 from the dealer. The dealers margin is unchanged, so you should only expect to top this up by the same amounts as before.

Thus, in real terms, expect the best discounts to be £10.5k less before, which is the difference in the BMW contributions. So on this benchmark £20-£22k will likely be the number to achieve, maybe more if the dealer is willing to lose money to hit his target. As a rule of thumb figure his margin is around 12% so he can give you £12k on a £100k spec before he loses money on the chassis- it might be a little more for the 6er, I'm not sure. He'll be willing to lose money if he's close to a volume target that pays an additional bonus, for example.

...and yes, these deals are available regardless of whether you take finance or not, they are 'chassis support' initiatives and I don't think they can legally make them conditional on you taking finance, although not a lot of dealers will tell you that. The best ones will. For cash buyers, the old offer is better as the chassis support from BMW was over £10k higher.

[JMBMWM5]

shadow1964 said:

I agree also, to match the best contribution that was out there previously there needs to be another £8.5k discount available. Will be interesting to see who can get what and from whom going forward.

Now with reference to the previous deal, we know BMW were prepared to contribute £34k discount, my question is was such a discount available to cash buyers? I make the presumption it was, can any cash buyer from the last quarter confirm this or was it applicable only to those seeking the finance package?

If the answer is yes it was applicable that means the same discount must surely be achievable again if a cash buyer as it cannot be the case BMW can discount £34k one minute and not the next?

YES it was, Andrew was right, I payed Cash with PXing the LCI M5.
My M6 GC CP was £111000:00 + on the road, I got it for £76600:00 all in with service pack, and noe because it's a "Late arrival " a cheque for £3K from BMW UK.
So total price paid £73600:00, thats M5 money.
IF you can get these deals now, well I don't know.
PS) IMHO the M6 GC CP will hold a better RV than an M6, it would appeal to a slightly wider audience having 4 doors.

Edited by JMBMWM5 on Wednesday 8th October 08:26

[spunko2010]

I think they'd need to offer a bigger discount. This isn't as tempting as it was before now it's 0% if you do the maths. A shame, I was close to pulling the trigger.

Also personally speaking i don't like the look of the M6 GC. If I wanted a 5 door I'd get an M5. A coupe should only be 3 door

[JMBMWM5]

spunko2010 said:

I think they'd need to offer a bigger discount. This isn't as tempting as it was before now it's 0% if you do the maths. A shame, I was close to pulling the trigger.

Also personally speaking i don't like the look of the M6 GC. If I wanted a 5 door I'd get an M5. A coupe should only be 3 door

I still need 3/4 usable seats so Grand Coupe for me.
The LCI M5 was for me anyway a bit "Just 5 series" it blended in yes but did not look special enough for the money.
The M6 GC CP was a great buy for me at the price at the time.

[David 997t]

I can also confirm they did the deal for cash, I've just picked up my M6 Coupe CP and have to say it feels a lot more special than my F10 M5 and have to say its made me realise the M5 doesn't feel as "special".
And that's coming from someone who loves them so much I've had the last three versions!!

[JMBMWM5]

David 997t said:

I can also confirm they did the deal for cash, I've just picked up my M6 Coupe CP and have to say it feels a lot more special than my F10 M5 and have to say its made me realise the M5 doesn't feel as "special".
And that's coming from someone who loves them so much I've had the last three versions!!

Hi David, how does the Comp pack feel?, does it fell quicker than the M5?, I found on the demo M6 CG I could get the power down better than my M5, maybe due to a lower centre of gravity.

[David 997t]

Performance wise I don't know yet as its not run in but in terms of handling it feels a lot more sorted than the M5. You can really feel whats going on through the steering compared to the M5 too.

I'm really surprised at the ride as I was worried it would be quite harsh but it is good and I actually prefer it to the way the M5 rode!! At the moment I am really impressed with it even though I can't thrash it, it feels really sorted and better put together!!!

[JMBMWM5]

David 997t said:

Performance wise I don't know yet as its not run in but in terms of handling it feels a lot more sorted than the M5. You can really feel whats going on through the steering compared to the M5 too.

I'm really surprised at the ride as I was worried it would be quite harsh but it is good and I actually prefer it to the way the M5 rode!! At the moment I am really impressed with it even though I can't thrash it, it feels really sorted and better put together!!!

Great mine coming next week they say, can't wait.

[NDar]

P13TR0 said:

It popped up on the BMW Finance Offers site today - I have been keeping an eye out for an M5 offer, but now tempted by the M6 GC.

http://www.bmw.co.uk/en_GB/topics/owners/offers/m-...

I would be interested to know what level of discount people achieved with the 0% deal. My objective is to push for around £25K discount + 0% finance. By my calculations, this would be similar to the £35K discount at 4.9% APR offered earlier this year.

Edited by P13TR0 on Tuesday 7th October 17:13

I was in same position as you, thinking I would go for M5, however when I saw the £34k discount achievable on M6 GC I took the view that it was a better car (as others have reported on here), a newer model (5 series due for change shortly) and also likely to have better residuals. Therefore placed order a couple of weeks ago, due to be built end of the month! I was surprised they could get me a new build that quick. The only extras I added were sun protection glass and service pack, now debating whether to add surround view, not particularly because I need it more that most other used cars have it included and therefore might help when I come to sell.

[jrinns]

NDar said:

I was in same position as you, thinking I would go for M5, however when I saw the £34k discount achievable on M6 GC I took the view that it was a better car (as others have reported on here), a newer model (5 series due for change shortly) and also likely to have better residuals. Therefore placed order a couple of weeks ago, due to be built end of the month! I was surprised they could get me a new build that quick. The only extras I added were sun protection glass and service pack, now debating whether to add surround view, not particularly because I need it more that most other used cars have it included and therefore might help when I come to sell.

Better Residuals, your having a laugh surely

[NDar]

jrinns said:

NDar said:

I was in same position as you, thinking I would go for M5, however when I saw the £34k discount achievable on M6 GC I took the view that it was a better car (as others have reported on here), a newer model (5 series due for change shortly) and also likely to have better residuals. Therefore placed order a couple of weeks ago, due to be built end of the month! I was surprised they could get me a new build that quick. The only extras I added were sun protection glass and service pack, now debating whether to add surround view, not particularly because I need it more that most other used cars have it included and therefore might help when I come to sell.

Better Residuals, your having a laugh surely

After discounts there was only £5k difference in purchase price between the M6 and the M5 (with a couple of extras) my bet is after 2/3 years the M6 will still be worth at least £5k more than the M5.

[jrinns]

Its not like for like is it? basic car on both is nearer 10K difference with the discount that was on offer.There may be 10k difference after 3 years, who knows but no more.

Fair play on your man math, its all good as long as your happy, but both will be equally as poor for depreciation. Both are great cars, I had to have the M5 as I need folding rear seats to put my bike in :-)

Edited by jrinns on Wednesday 8th October 20:56

[NDar]

jrinns said:

Its not like for like is it? basic car on both is nearer 10K difference with the discount that was on offer.There may be 10k difference after 3 years, who knows but no more.

Fair play on your man math, its all good as long as your happy, but both will be equally as poor for depreciation.

Yep you're right it is man maths, I ignored anything that may have said M5 was better choice! :-) the only additions added to m5 over m6 were 20' alloys and harmon kardon stereo which m6 has both as standard. Anyway all that said and done I'm really happy with choice, M6 is stunning, drives great and not many on the road.

[P13TR0]

If BMW were offering 0% on the M5, it would work out cheaper for sure than the M6 GC.... even my man math spreadsheet cannot hide that fact. However, there was always a part of me that didn't like the exterior of the M5. The M6 GC looks much better. It also looks like there are more options as standard than the M5 (e.g. HK audio and alcantara headliner as standard) - I was looking at upgrading to the black alloys on the M5 @ circa £2K, whereas I am actually very happy with the standard wheels on the M6 GC.

The interior also looks a class above.

I am planning to start negotiating this week, but I want to get a handle on my spec. So far I am looking at:

1) Laminated climate comfort glass all round
2) Sun protection glass

That's it... I am not a big fan of all the driver aids, but am considering the rear view camera - does anyone have any strong opinions on the camera?

The only other option I am toying with is the M Sport Seats - are they worth the extra?

Is a powered boot standard?

Cheers all.

Edited by P13TR0 on Wednesday 8th October 22:00