Discussion
If anyone is ever in the market of buying a new M6 Gran Coupe. Please please please pick this colour Combo lol
I love it!
Hope to buy it used after LOL
http://www.bimmerpost.com/storyimages/4c59d569-cfe...
I love it!
Hope to buy it used after LOL
http://www.bimmerpost.com/storyimages/4c59d569-cfe...
IATM said:
If anyone is ever in the market of buying a new M6 Gran Coupe. Please please please pick this colour Combo lol
I love it!
Hope to buy it used after LOL
http://www.bimmerpost.com/storyimages/4c59d569-cfe...
Here is mine :I love it!
Hope to buy it used after LOL
http://www.bimmerpost.com/storyimages/4c59d569-cfe...
http://www.6post.com/forums/showthread.php?t=10477...
JMBMWM5 said:
IATM said:
If anyone is ever in the market of buying a new M6 Gran Coupe. Please please please pick this colour Combo lol
I love it!
Hope to buy it used after LOL
http://www.bimmerpost.com/storyimages/4c59d569-cfe...
Here is mine :I love it!
Hope to buy it used after LOL
http://www.bimmerpost.com/storyimages/4c59d569-cfe...
http://www.6post.com/forums/showthread.php?t=10477...
IATM said:
Congratulations. That look lovely. Really love the leather. Did you put a custom exhaust on the m6 that the tips had to be taken in?
Yes I had the CYBA Tips 90mm and listers put them on!! to far out, so I altered them to fit right.PS) I wired the exhaust valves open and now it sounds awesome.
The competition Pack exhaust is a bit louder anyway but with the valves open even better.
ascayman said:
Went into my local main dealer today as seriously thinking about a coupe.
Initial deal offered I thought was pretty crap 7500 contribution from bmw and 0% finance. Anyone know who is doing the best deals at the moment?
It seems the good deals are gone at the moment, maybe later in the year things may change, anyone?.Initial deal offered I thought was pretty crap 7500 contribution from bmw and 0% finance. Anyone know who is doing the best deals at the moment?
£20k discount isn't massive, though. Before the 0% offers the Broadspeed discount on the Coupe was £27k IIRC. I've gone off the oversized Coupe idea but if I were still in the market I'd be looking to pay around £28k min, below list. Anything more is daylight robbery.
In other words list price would need to be around £62k. This was certainly possible as others can testify if you go back a few pages.
In other words list price would need to be around £62k. This was certainly possible as others can testify if you go back a few pages.
Edited by spunko2010 on Monday 29th December 17:32
It's important to understand where the discount comes from before assuming it's possible to match previous deals. Its split between BMW UK and the dealer. BMW UK can offer what they like - but it will be fixed and you can't negotiate this. Previously it was £18,000, now its £7,500. The dealer on the other hand you can negotiate with and they can eat into their margin in which is around 12%. They may go higher and lose money if they are close to a volume target bonus but this is less likely.
So a good deal currently should be £7,500 + 12% of list price. If you spec it to £100k for example then you are looking at £19,500.
The £30k+ discounts will not come back until BMW ups their own contribution. No dealer is going to lose that much on one chassis.
Remember the offer is 0% now, so if you are financing it might work out similar to before overall.
..and push especially hard on the Coupe. They only sell about 2-3 a month nationwide!!
So a good deal currently should be £7,500 + 12% of list price. If you spec it to £100k for example then you are looking at £19,500.
The £30k+ discounts will not come back until BMW ups their own contribution. No dealer is going to lose that much on one chassis.
Remember the offer is 0% now, so if you are financing it might work out similar to before overall.
..and push especially hard on the Coupe. They only sell about 2-3 a month nationwide!!
JMBMWM5 said:
cs1874 said:
£29k contribution at Eastern
...
£33k contribution at PV
No cheap deals then....
£33k contribution at PV
spunko2010 said:
Yes, it does. But with a 0% APR offer you can trade it in without penalty. I'm on a 4 year 0% PCP on my E92 and coming up to the half way mark, where I'll be able to do a straight swap. If I trade it in early I'd have to pay the additional APR too.
They can only hit you for a month's pro-rated interest on the outstanding capital, so halfway in that's about £25k outstanding at most, times one twelfth of 2.5%paf - £52. Or half a tank of fuel as a "penalty". Big whoop.cs1874 said:
Yeah, but the huge discount shrinks with the 0%....swings and roundabouts.
Overall contribution will be about the same, whether it's in the form of a discount or lower finance.
Exactly this. The manufacturer's "marketing programme" pot is only so big for any given vehicle, likewise the dealer margin a constant and the headline manufacturer offers usually use all of that, hence the "at participating dealers" caveat in the small print. Dealer gets bugger all volume bonus on the headline programmes either, at most a doc fee of £50-200, plus a registration target bonus of a few hundred per unit, for retailing an item with a six figure sticker price. Overall contribution will be about the same, whether it's in the form of a discount or lower finance.
There's only *so* affordable these things can be made to remain viable. If you're still scratching hard in your pockets with £30k+ off the MRRP and the rest financed at nominal/negligible or nil interest rates, then you're probably overstretching yourself somewhat.
wnd said:
>good stuff<
That. Edited by 4941cc on Tuesday 30th December 13:23
I got the impression the OP meant s/he was buying cash. In which case the APR makes no difference.
There's only *so* affordable these things can be made to remain viable. If you're still scratching hard in your pockets with £30k+ off the MRRP and the rest financed at nominal/negligible or nil interest rates, then you're probably overstretching yourself somewhat.
I disagree. New M6s are priced way over the odds, there's no reason for them to command a £30k premium over the Saloon version. I like to think I can gauge a sensible price versus a ridiculous one. The fact is you can buy an M5 cash for ~£55k right now (and there were of course bigger discounts a few months ago). On what planet does a £10k premium make any sense simply for a different bodyshape?
The issue is that BMW overpriced them in the first instance, for dubious reasons. For me the M6 is too large but if it was more attractive financially I'd probably have got one already.
Edit: bloody formatting
There's only *so* affordable these things can be made to remain viable. If you're still scratching hard in your pockets with £30k+ off the MRRP and the rest financed at nominal/negligible or nil interest rates, then you're probably overstretching yourself somewhat.
I disagree. New M6s are priced way over the odds, there's no reason for them to command a £30k premium over the Saloon version. I like to think I can gauge a sensible price versus a ridiculous one. The fact is you can buy an M5 cash for ~£55k right now (and there were of course bigger discounts a few months ago). On what planet does a £10k premium make any sense simply for a different bodyshape?
The issue is that BMW overpriced them in the first instance, for dubious reasons. For me the M6 is too large but if it was more attractive financially I'd probably have got one already.
Edit: bloody formatting
Edited by spunko2010 on Tuesday 30th December 13:29
If you've got the cash to hand to pay in full and someone's offering funding at a lower cost over a couple of years than you would otherwise be earning by keeping it in your savings/business/investments, you'd be a fool NOT to consider taking up their offer, so the cost of finance is always relevant to a genuine cash buyer.
Especially where the low interest is linked with a guaranteed minimum future asset return value, having paid outright at the start, you've got no such stop-loss in place against depreciation.
People with sizeable amounts of cash as these and plenty more tend to favour minimal risk options and having all known costs at the outset gives you that.
The savviest buyers of expensive cars are extremely averse to using their own capital to purchase any asset that is guaranteed to depreciate.
/ageoldcashvsfinanceargument
Especially where the low interest is linked with a guaranteed minimum future asset return value, having paid outright at the start, you've got no such stop-loss in place against depreciation.
People with sizeable amounts of cash as these and plenty more tend to favour minimal risk options and having all known costs at the outset gives you that.
The savviest buyers of expensive cars are extremely averse to using their own capital to purchase any asset that is guaranteed to depreciate.
/ageoldcashvsfinanceargument
spunko2010 said:
New M6s are priced way over the odds, there's no reason for them to command a £30k premium over the Saloon version. I like to think I can gauge a sensible price versus a ridiculous one. The fact is you can buy an M5 cash for ~£55k right now (and there were of course bigger discounts a few months ago).
Erm, the "saloon version" of the M6 coupe is the M6 Gran Coupe, which is dearer. An M5 is an M5. Each are different propositions, else they wouldn't have bothered to make - and sell - any other version of the drivetrain. The convertible and GC are £25k/33% more than "the saloon version" in terms of MRRP. What discounts were available "a few months ago" is irrelevant as you can't buy a car in the past, you should have bought it then. Manufacturer offers are reviewed and changed quarterly in light of changing supply, demand, actual sales etc. until the optimum balance where sustainable profit and production levels balance out - when they realise they've been overgenerous, they pull back the discounts, of course.
spunko2010 said:
The issue is that BMW overpriced them in the first instance, for dubious reasons.
Because it's far more sensible and easier to start high price with a large profit margin in and reduce until you find the sweet spot than to start low and increase for no otherwise discernible reason, particularly when dealing with a product that will be low volume overall, but has consumed a larger than proportional amount of development money to produce. Nothing dubiou sabout a business trying to turn a decent profit on a significant investment, is there?
Edited by 4941cc on Tuesday 30th December 13:44
4941cc said:
If you've got the cash to hand to pay in full and someone's offering funding at a lower cost over a couple of years than you would otherwise be earning by keeping it in your savings/business/investments, you'd be a fool NOT to consider taking up their offer, so the cost of finance is always relevant to a genuine cash buyer.
Especially where the low interest is linked with a guaranteed minimum future asset return value, having paid outright at the start, you've got no such stop-loss in place against depreciation.
People with sizeable amounts of cash as these and plenty more tend to favour minimal risk options and having all known costs at the outset gives you that.
The savviest buyers of expensive cars are extremely averse to using their own capital to purchase any asset that is guaranteed to depreciate.
/ageoldcashvsfinanceargument
VERY GOOD points.Especially where the low interest is linked with a guaranteed minimum future asset return value, having paid outright at the start, you've got no such stop-loss in place against depreciation.
People with sizeable amounts of cash as these and plenty more tend to favour minimal risk options and having all known costs at the outset gives you that.
The savviest buyers of expensive cars are extremely averse to using their own capital to purchase any asset that is guaranteed to depreciate.
/ageoldcashvsfinanceargument
spunko2010 said:
I disagree. New M6s are priced way over the odds, there's no reason for them to command a £30k premium over the Saloon version. I like to think I can gauge a sensible price versus a ridiculous one. The fact is you can buy an M5 cash for ~£55k right now (and there were of course bigger discounts a few months ago). On what planet does a £10k premium make any sense simply for a different bodyshape?
Economies of scale has a lot to do with it.The 6 series sells way less cars than the 5 series, probably several orders of magnitude, so the basic structure of the 5 will be more less to make - 'make' including things like crash testing, type approval, setting up tooling etc. etc.
There are way more F10 M5's than F06/F12/F13 M6s, roughly one order of magnitude, so again the M5 will be cheaper to make than the M6 - even if all the M6's were the same body style.
I can't quite figure out quoting on this website but to respond to your points:
1) I never buy cars cash now, I always opt for PCP on a 0% deal where possible, but not everyone does. If I was buying an M6 in cash I'd be pushing for the previous price on Broadspeed (or waiting until it's available again).
2) The ridiculous amount of "contribution" on the M6 that has always been offered implies they cannot sell at their original price point, and are therefore overpriced. We can argue about economies of scale or production costs until the cows come home (and getting any figures or numbers is next to impossible). But I can't see any benefit to having a list price of £95k - then instantly offering £20k off that, without even asking. Perhaps that's why I don't work in marketing.. it makes sense (from a business point of view) to arrive at the right pricepoint from the outset, though. That is why companies spend lots of money on market research to gauge the correct retail price; I suspect BMW are no different. So where did they pluck that figure from?
If BMW had originally decided on a lower list yet still sensibly above the M5 list - say £80k - then it's safe to say they would have sold a few more. Not many more granted, but a few. They are never going to sell in any sort of volume but all this nonsense with overpricing, then offering "contributions" from head office stinks of nothing but marketing s
te to me.
1) I never buy cars cash now, I always opt for PCP on a 0% deal where possible, but not everyone does. If I was buying an M6 in cash I'd be pushing for the previous price on Broadspeed (or waiting until it's available again).
2) The ridiculous amount of "contribution" on the M6 that has always been offered implies they cannot sell at their original price point, and are therefore overpriced. We can argue about economies of scale or production costs until the cows come home (and getting any figures or numbers is next to impossible). But I can't see any benefit to having a list price of £95k - then instantly offering £20k off that, without even asking. Perhaps that's why I don't work in marketing.. it makes sense (from a business point of view) to arrive at the right pricepoint from the outset, though. That is why companies spend lots of money on market research to gauge the correct retail price; I suspect BMW are no different. So where did they pluck that figure from?
If BMW had originally decided on a lower list yet still sensibly above the M5 list - say £80k - then it's safe to say they would have sold a few more. Not many more granted, but a few. They are never going to sell in any sort of volume but all this nonsense with overpricing, then offering "contributions" from head office stinks of nothing but marketing s
te to me. Edited by spunko2010 on Tuesday 30th December 23:46
Andy M said:
I wonder who decides the final price, BMW UK or BMW Germany?
If it's Germany, could manufacturer contributions be a tool against currency fluctuations?
BMW AG build it and sell it to BMW GB at a particular price.If it's Germany, could manufacturer contributions be a tool against currency fluctuations?
BMW GB sell it to the franchised dealership at MRRP less a fixed margin. Some of this is given immediately, the rest earned back later through achieving various manufacturer set objectives.
To aid the dealer network as a whole, BMW GB has a marketing budget - a big pot of money to be used to influence both potential customers through nationally advertised offers: things like low APR finance campaigns, deposit contributions, support payments.
The dealership sales management compiles all the available support and works out what margin they will achieve and that informs their customer offer on an individual case by case basis as no two are usually the same.
Currency fluctuations, if significant enough will result in a general price increase/decrese issued by the manufacturer.
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