640d GC Discount

[silverous]

CSK423 said:

Last deal....

640d GC m sport

M Sport plus Pack
Privacy Glass
Speed Limit Display
Surround Camera
Reversing Camera

List - £73,865
Dealer Contribution - £12,852
BMW Contribution - £11,000 (£9k BMW and £2k loyalty as we have a Mini in the family)
TOTAL - £50,013

What does that equate to In deposit, monthly payment and term? Thanks

[Jon1967x]

I really can't work out these prices. 70k+ list, realistically available for 50k or so (fair enough, over priced to start), but my local dealer has 2 cars coming through, less than 6 months old, for about 42k (and with decent spec) so an further initial significant drop, yet you can't find a early GC for less than about 35k. I've done over 50k miles in mine now and I'm tempted to swap for one of the dealer cars if it only costs me 12k to change.

I guess I find it odd that list price is far too high, drive off the forecourt and it take another significant hit but the depreciation from then is really low, low enough to make finance quite cheap.

[moffat]

But the finance for used cars is never cheap when it's at 8% APR+++

[Jon1967x]

moffat said:

But the finance for used cars is never cheap when it's at 8% APR+++

So don't use finance on used or get it privately.

[Helicopter123]

moffat said:

But the finance for used cars is never cheap when it's at 8% APR+++

This.

The problem with BMW pushing the deals so hard to shift new cars, is that there is virtually no market for the early used cars.

Result? Residuals simply need to weaken.

[CMJ]

£81,000 car Dec 2013 - paid £64,000 - 0% APR - owe £50,000 - books today @ £37,000 !!!!

Buyer beware !!

[HoHoHo]

CMJ said:

£81,000 car Dec 2013 - paid £64,000 - 0% APR - owe £50,000 - books today @ £37,000 !!!!

Buyer beware !!

That's quite a drop!

And some suggest leasing isn't the way to go!

[Wills2]

CMJ said:

£81,000 car Dec 2013 - paid £64,000 - 0% APR - owe £50,000 - books today @ £37,000 !!!!

Buyer beware !!

A heavily specced car at a guess? If you run it to term then it's not an issue, but if you're 1/2 way through that's way out if you want to change.

[moffat]

CMJ said:

£81,000 car Dec 2013 - paid £64,000 - 0% APR - owe £50,000 - books today @ £37,000 !!!!

Buyer beware !!

Looks pretty normal to me, but depends on mileage, condition, term left etc.

[Helicopter123]

CMJ said:

£81,000 car Dec 2013 - paid £64,000 - 0% APR - owe £50,000 - books today @ £37,000 !!!!

Buyer beware !!

The problem is that even with a sticker price of say £42k on a dealers forecourt, anyone buying on finance will have a LOWER monthly finance payment buying new than used, so the circle continues...

[RajLondon84]

Hi all,

I plan on going for a 6 month old GC, and was just wondering what sort of (if any!) discount I can expect on average at the dealership?

On a brand new car, is there a limit on the sum of customer deposit + dealer/BMW contributions that you can achieve? i.e. If I decide to go for a brand new car, I want to trade my old car in which is worth approx £10k, so would that limit how much BWM could offer me discount wise?

I know I could just sell my car somewhere else and go with a cash deposit, but was just wondering if anyone knew.

Thanks!

[Jon1967x]

RajLondon84 said:

Hi all,

I plan on going for a 6 month old GC, and was just wondering what sort of (if any!) discount I can expect on average at the dealership?

On a brand new car, is there a limit on the sum of customer deposit + dealer/BMW contributions that you can achieve? i.e. If I decide to go for a brand new car, I want to trade my old car in which is worth approx £10k, so would that limit how much BWM could offer me discount wise?

I know I could just sell my car somewhere else and go with a cash deposit, but was just wondering if anyone knew.

Thanks!

In my experience dealers seldom discount much on used stock.

[Wills2]

RajLondon84 said:

Hi all,

I plan on going for a 6 month old GC, and was just wondering what sort of (if any!) discount I can expect on average at the dealership?

On a brand new car, is there a limit on the sum of customer deposit + dealer/BMW contributions that you can achieve? i.e. If I decide to go for a brand new car, I want to trade my old car in which is worth approx £10k, so would that limit how much BWM could offer me discount wise?

I know I could just sell my car somewhere else and go with a cash deposit, but was just wondering if anyone knew.

Thanks!

Well your car will be worth what they are willing to pay and that will depend on whether they can retail it or just pass it on to a trader for cash.

I'd use the discounts and contributions you've seen on this thread as a target as they are pretty good, then haggle on the part ex.

There is no limit as such, because you could trade in a more expensive car than the car you're buying, but as rule the limit will be the discount they want to give and the market value of your trade in as they see it.

Edited by Wills2 on Monday 23 February 20:20

[theboss]

RajLondon84 said:

Hi all,

I plan on going for a 6 month old GC, and was just wondering what sort of (if any!) discount I can expect on average at the dealership?

On a brand new car, is there a limit on the sum of customer deposit + dealer/BMW contributions that you can achieve? i.e. If I decide to go for a brand new car, I want to trade my old car in which is worth approx £10k, so would that limit how much BWM could offer me discount wise?

I know I could just sell my car somewhere else and go with a cash deposit, but was just wondering if anyone knew.

Thanks!

Typically what they'll do is offer you what seems like a fair or even generous trade value for the car but reduce the discount on the new order accordingly thus obscuring what the trade is really worth.

I just ordered an M5 and in the process of doing the deal I mentioned the possibility of trading in my current E70 but that I wanted to price the new car without taking the trade into account in order to keep the cost of the new order totally transparent. I got a price I am happy with on the new car but the bid on the E70 is rock bottom - WBAC.com have come back with something marginally better. There's probably £5k worth of margin in the car - I'll probably have a crack at selling it privately or just keep it for a while.

[Fox-]

Jon1967x said:

I really can't work out these prices. 70k+ list, realistically available for 50k or so (fair enough, over priced to start), but my local dealer has 2 cars coming through, less than 6 months old, for about 42k (and with decent spec) so an further initial significant drop, yet you can't find a early GC for less than about 35k.

It's very strange isnt it. It's the same with the F10 - big discounts on new cars yet try and buy a 4-5 year old 6 cylinder M Sport and unless it's been to the moon and back it's still massive money. Incredible really how much they are asking for 4-5 year old cars, still. A guy on a forum tried to buy a 25k '11 plate 535i M Sport from a dealer up North and the finance numbers cmae out more expensive than a brand new one. Just who are they selling these cars to?

I'd love a 6GC but they just seem to stop depreciating at 2 years old. Very strange.

[CSK423]

CSK423 said:

Last deal....

640d GC m sport

M Sport plus Pack
Privacy Glass
Speed Limit Display
Surround Camera
Reversing Camera

List - £73,865
Dealer Contribution - £12,852
BMW Contribution - £11,000 (£9k BMW and £2k loyalty as we have a Mini in the family)
TOTAL - £50,013

Decided to go for this, gets delivered on Saturday to the house although can't drive it till the Sunday.

Alot of comments around new v used, if financing on a PCP deal I couldn't get a used car anywhere near the monthly of a new. APR on used was coming in around 10% opposed to 2.9% new.

Used cars with less spec are also around £48-46k for 3-6 months 3-6k miles, I see no point in going used if the cost is this close.

[Jon1967x]

Been in the dealer dropping my car off for some more work (the cars becoming a right PIA but thats another story). Anyway.. they said facelift car deals are all but the same as the pre-face lift at around 50k for a GC.

[Helicopter123]

Eastern BMW in Edinburgh are advertising the M6 GC on their website with £20,231 dealer contribution and 0% finance. Presumably other dealers will have similar deals, and of course that's just an opening Offer.

Looks like in the real world pricing of M5 and M6 GC now almost identical?

[Mustard]

Jon1967x said:

Been in the dealer dropping my car off for some more work (the cars becoming a right PIA but thats another story). Anyway.. they said facelift car deals are all but the same as the pre-face lift at around 50k for a GC.

The GC is helped by the fact the price has been aligned to that of the coupe

[Wills2]

Helicopter123 said:

Eastern BMW in Edinburgh are advertising the M6 GC on their website with £20,231 dealer contribution and 0% finance. Presumably other dealers will have similar deals, and of course that's just an opening Offer.

Looks like in the real world pricing of M5 and M6 GC now almost identical?

How do you work that out? GC is 24k more to start with M5 can be had for 62-64k with discount so GC with 20k off is still 78k