Discounts on new M3/M4?

Discounts on new M3/M4?

Author
Discussion

PorkInsider

5,888 posts

141 months

Tuesday 21st June 2016
quotequote all
I'm thinking of trying to get a good deal on an M4, after somewhat going off the idea of a 340i as I don't think I'll be happy with the compromise.

C2C are showing around £9k discount on and M4 DCT with CP and just a couple of extras (£500ish).

Is that still realistic do we think? Or is it even pessimistic against what might be achievable?

I know I need to ask my local dealer as a first step but just reading a few posts in this thread re: dealer allocations, I get the impression over supply isn't an issue so wondering if they'll be tightening up on discounts now?

GT4RS

4,424 posts

197 months

Tuesday 21st June 2016
quotequote all
PorkInsider said:
I'm thinking of trying to get a good deal on an M4, after somewhat going off the idea of a 340i as I don't think I'll be happy with the compromise.

C2C are showing around £9k discount on and M4 DCT with CP and just a couple of extras (£500ish).

Is that still realistic do we think? Or is it even pessimistic against what might be achievable?

I know I need to ask my local dealer as a first step but just reading a few posts in this thread re: dealer allocations, I get the impression over supply isn't an issue so wondering if they'll be tightening up on discounts now?
I'm in a simalr situation to yourself, I have built a m3 which has a retail of around 60k. I'm currently in conversation with two dealers both apparently have the ability to get me a car for late Sept early October. They are also aware of the likes of coast2coast and are able to compete in term of pricing from the off. My concern is the level of heavey depreciation these cars have in the first 12 months. If you don't buy at the right price you will regret it.

It appears BMW sales look at these threads as I have been contacted by a gentleman this evening who is also willing to provide a quotation.

I'm happy to place my order Asap with the first dealership which get the figures to a level in which I'm happy with.


bennygee

17 posts

130 months

Friday 24th June 2016
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Are people expecting to be able to negotiate better discounts with Brexit..

PorkInsider

5,888 posts

141 months

Friday 24th June 2016
quotequote all
bennygee said:
Are people expecting to be able to negotiate better discounts with Brexit..
It's a possibility, I suppose, since the economy is screwed for the foreseeable future.

The question will be whether people who were considering purchasing a car will have the confidence to do so now.

Burwood

18,709 posts

246 months

Friday 24th June 2016
quotequote all
PorkInsider said:
bennygee said:
Are people expecting to be able to negotiate better discounts with Brexit..
It's a possibility, I suppose, since the economy is screwed for the foreseeable future.

The question will be whether people who were considering purchasing a car will have the confidence to do so now.
why is the economy screwed for the foreseeable? It's business as usual until we negotiate something else.

aeropilot

34,585 posts

227 months

Friday 24th June 2016
quotequote all
PorkInsider said:
bennygee said:
Are people expecting to be able to negotiate better discounts with Brexit..
It's a possibility, I suppose, since the economy is screwed for the foreseeable future.

The question will be whether people who were considering purchasing a car will have the confidence to do so now.
Indeed. I suppose it all depends on where the money that pays your wages comes from.

I'm screwed so, my prospective new car purchase at the end of this year is now on hold.

moffat

1,020 posts

225 months

Friday 24th June 2016
quotequote all
Burwood said:
why is the economy screwed for the foreseeable? It's business as usual until we negotiate something else.
Really??? Have you got a blindfold on?

The pound hit its lowest point in 30 years, the FTSE has shed £300bn+ and other European markets are massively struggling with the Euro seeing a similar fall. Peoples pensions have been massively affected as have the millions with index linked ISA's.

The impact could be another recession, it's certainly going to be very expensive for the UK and EU to import and we import around $80bn of oil each year as one example. As the euro has dropped similar to the pound importing and exporting within the EU will remain similar until we've agreed the trade deals and exited fully.

Burwood

18,709 posts

246 months

Friday 24th June 2016
quotequote all
moffat said:
Burwood said:
why is the economy screwed for the foreseeable? It's business as usual until we negotiate something else.
Really??? Have you got a blindfold on?

The pound hit its lowest point in 30 years, the FTSE has shed £300bn+ and other European markets are massively struggling with the Euro seeing a similar fall. Peoples pensions have been massively affected as have the millions with index linked ISA's.

The impact could be another recession, it's certainly going to be very expensive for the UK and EU to import and we import around $80bn of oil each year as one example. As the euro has dropped similar to the pound importing and exporting within the EU will remain similar until we've agreed the trade deals and exited fully.
It hit that range for how long? It is 120B actually and frankly, it's an opportunity for some. If one is leveraged and or brainless such that they dump and run then that is their look out. The Euro/USD has hardly moved in the recent month.

Shuks76

235 posts

150 months

Friday 24th June 2016
quotequote all
Don't panic everyone...there will be short term volatility. Have some faith in the country. When China sneezed in Feb the FTSE fell to 5,500. We just left the EU and it is sitting at 6,138. Tomorrow is another day of course, but tbh I am surprised that the markets are where they are. Don't cancel your orders just yet.

Edit: I do not work for BMW.

T25UFO

102 posts

158 months

Friday 24th June 2016
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What the “Market” does today is irrelevant. Here is the reality: on the first trading day of this year the FTSE opened at 6242. It’s low point this year was on February 11th when it closed at 5537. It then rose again and has hovered between 6100 and 6300 until one week ago (June 16th) when it closed at 5950. I didn’t see anyone jumping out of windows.

By yesterday it had gone back up and closed at 6338 and today it’s down 199 to close at 6139.

Makes me laugh to see all those traders running around with phones glued to their ears and worried looks on their faces. Get a life - the sun will rise tomorrow. I don't work for BMW either!

Burwood

18,709 posts

246 months

Friday 24th June 2016
quotequote all
The eu stock threads are...that way

Wills2

22,819 posts

175 months

Saturday 25th June 2016
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bennygee said:
Are people expecting to be able to negotiate better discounts with Brexit..
No and if the £ remains weak prices could go up.


V8A*ndy

3,695 posts

191 months

Saturday 25th June 2016
quotequote all
Shuks76 said:
Don't panic everyone...there will be short term volatility. Have some faith in the country. When China sneezed in Feb the FTSE fell to 5,500. We just left the EU and it is sitting at 6,138. Tomorrow is another day of course, but tbh I am surprised that the markets are where they are. Don't cancel your orders just yet.

Edit: I do not work for BMW.
Jaysus!

Will ye all stop twittering on about the 100

The 250 is the barometer of what's going on in the UK economy.

teacher

Gonzo0

108 posts

145 months

Saturday 25th June 2016
quotequote all
Popped into Stratstone Derby today to start the ball rolling on my new (hopefully) m3 order, first thing is a test drive booked for next weekend.

We then started talking financials...


Now apparently the current Q2 deal being offered with BMW is a huge £4k deposit contribution and then also a dealer contribution on top of that, the rate is also 5.9% which seems very reasonable. We didnt discuss discounts apart from me mentioning peopl are getting 15% to which he said wasnt possible (im sure it is mate!)

Now I wouldnt be looking to order just yet (not the right time) however I would be looking to place an order towards the back of Q3 (September-ish). The salesman being the 'good' salesman he is was pretty sure that the same offer wouldnt apply in Q3, however I suspect he was just saying this to get me into his remaining build slot.

Now what are the chances of the same deal, or better, being available in Q3 and Q4?

Would look to take delivery next year.

GT4RS

4,424 posts

197 months

Saturday 25th June 2016
quotequote all
[quote=Gonzo0]Popped into Stratstone Derby today to start the ball rolling on my new (hopefully) m3 order, first thing is a test drive booked for next weekend.

We then started talking financials...


Now apparently the current Q2 deal being offered with BMW is a huge £4k deposit contribution and then also a dealer contribution on top of that, the rate is also 5.9% which seems very reasonable. We didnt discuss discounts apart from me mentioning peopl are getting 15% to which he said wasnt possible (im sure it is mate!)

Now I wouldnt be looking to order just yet (not the right time) however I would be looking to place an order towards the back of Q3 (September-ish). The salesman being the 'good' salesman he is was pretty sure that the same offer wouldnt apply in Q3, however I suspect he was just saying this to get me into his remaining build slot.

Now what are the chances of the same deal, or better, being available in Q3 and Q4?

Evening gonzo0

I'm in a similar situation to yourself, I'm happy to take delivery at the start of September or before if it helps the deal.

I have contacted 4 dealers in total and currently still in communication with 3, one of which contacted me due to this thread!

All have come back with very similar prices (first quotes) they are pretty much pounds apart, less 14% seems to be standard offering. One has informed me they can offer a pcp finance deal of 4.9 % Apr which I think is a BMW offer on the m3 at the mo subject to a few terms and conditions. I have the option to finance through another provider at lower rate but it doesn't include a gfv, will ask them to requote to see what they are able to offer.

Have you kept an eye on the pre reg BMW demo cars coming through? Some have far better discounts than 14%, the best I have seen is 20% off retail.

I'm still in two minds if I should go manual or not?

x5x3

2,424 posts

253 months

Saturday 25th June 2016
quotequote all
GT4RS]onzo0 said:
Popped into Stratstone Derby today to start the ball rolling on my new (hopefully) m3 order, first thing is a test drive booked for next weekend.

We then started talking financials...


Now apparently the current Q2 deal being offered with BMW is a huge £4k deposit contribution and then also a dealer contribution on top of that, the rate is also 5.9% which seems very reasonable. We didnt discuss discounts apart from me mentioning peopl are getting 15% to which he said wasnt possible (im sure it is mate!)

Now I wouldnt be looking to order just yet (not the right time) however I would be looking to place an order towards the back of Q3 (September-ish). The salesman being the 'good' salesman he is was pretty sure that the same offer wouldnt apply in Q3, however I suspect he was just saying this to get me into his remaining build slot.

Now what are the chances of the same deal, or better, being available in Q3 and Q4?

Evening gonzo0

I'm in a similar situation to yourself, I'm happy to take delivery at the start of September or before if it helps the deal.

I have contacted 4 dealers in total and currently still in communication with 3, one of which contacted me due to this thread!

All have come back with very similar prices (first quotes) they are pretty much pounds apart, less 14% seems to be standard offering. One has informed me they can offer a pcp finance deal of 4.9 % Apr which I think is a BMW offer on the m3 at the mo subject to a few terms and conditions. I have the option to finance through another provider at lower rate but it doesn't include a gfv, will ask them to requote to see what they are able to offer.

Have you kept an eye on the pre reg BMW demo cars coming through? Some have far better discounts than 14%, the best I have seen is 20% off retail.

I'm still in two minds if I should go manual or not?
wow are you an accountant or a driver?


I'm thinking the former....


just buy it and love every second.

GT4RS

4,424 posts

197 months

Saturday 25th June 2016
quotequote all
x5x3 said:
wow are you an accountant or a driver?


I'm thinking the former....


just buy it and love every second.
In my world money doesn't grow on trees my friend.

x5x3

2,424 posts

253 months

Saturday 25th June 2016
quotequote all
GT4RS said:
x5x3 said:
wow are you an accountant or a driver?


I'm thinking the former....


just buy it and love every second.
In my world money doesn't grow on trees my friend.
er, so buy something sensible and regret every minute.

seriously - just buy it - there will be no regrets

Gonzo0

108 posts

145 months

Saturday 25th June 2016
quotequote all
For me its as much about timings as it is the right price.

Im just concerned that the current deals on offer by BMW will not be around for Q3 or Q4. 4k contribution on deposit is significant.

Gonzo0

108 posts

145 months

Saturday 25th June 2016
quotequote all
Also as my order will be individual a pre reg car to my spec will be very hard to come across