Advice on new M6

Advice on new M6

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BRUNBERG

Original Poster:

20 posts

131 months

Saturday 24th January 2015
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Good afternoon all

Yes I'm new

Some of you may recognise my username from other BMW forums. I currently own an E60 M5 which is my "toy" and the result of many differences of opinion with SWMBO.

Couple of pics for anyone interested.





Although I've no intention of parting with the M5, I'm seriously considering adding an M6 coupe/convertible to the stable.

I've read the various deals being offered through Peter Vardy and broad speed etc which is mainly what got my attention. I'd probably keep the car 3-5 years and am not looking to finance it.
Having looks at BMW AUC it appears they are pricing cars based on the RRP and not the actual prices people are paying for new cars.

Has anyone been successful in low balling a main dealer on physical stock? I'm not looking to pay peanuts but I'd like the best deal possible.
I'm happy to pay a premium for comp pack and carbon ceramic brakes.

With the facelift (albeit minor) coming in from models produced from June, surely existing stock must be due another down turn?

Apologies for all the questions, basically I'm after advice/opinions to get the best value for money.

Thanks in advance
Bruno

Andy M

3,755 posts

258 months

Saturday 24th January 2015
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BRUNBERG said:
I've read the various deals being offered through Peter Vardy and broad speed etc which is mainly what got my attention. I'd probably keep the car 3-5 years and am not looking to finance it.
Having looks at BMW AUC it appears they are pricing cars based on the RRP and not the actual prices people are paying for new cars.

Has anyone been successful in low balling a main dealer on physical stock? I'm not looking to pay peanuts but I'd like the best deal possible.
I'm not sure I fully understand the question, are you wanting a discount on an already discounted car?

Also, you may find that you get a larger reduction in price if you use their finance as dealers often get incentives to push the finance products.

I have heard in the past of people taking out the finance but paying it off immediately. Even with the early settlement penalty clause this proved to be a cheaper option than simply paying cash.

If 0% finance is available (as was the deal with my car) you'd be mad to pay cash. You pays your money (and you takes your choice) etc etc.


BRUNBERG

Original Poster:

20 posts

131 months

Saturday 24th January 2015
quotequote all
Apologies if I wasn't making much sense.

Looking at AUC prices, it seems to me that although a substantial saving on RRP is evident, the savings on new prices through options such as broadspeed aren't as big as they should be.

I was wondering If people are doing better deals on AUC stock than prices advertised as may go that route, if not, I think I'd rather buy new.

Terminator X

14,920 posts

203 months

Saturday 24th January 2015
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Crikey that M5 looks amazing cloud9

TX.

msdes123

164 posts

139 months

Saturday 24th January 2015
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I just took delivery of new M6 GCP, in the end took out as much as I could afford on the monthly repayments using the 0% deal and took most of my M5 part exchange value back as cash back to me which I can make work better elsewhere such as paying off some of my mortgage. There are some cracking optioned AUC examples out there but when I did the numbers on the monthly repayments at the APR they were offering for one of these cars it just didn't make sense, even though the listed price was lower than new I would have been paying more than the new car in the long run. Obviously I've been steered in the direction of buying new for these reasons which is exactly what the deal is set up to do I suppose.

If your lucky enough to have cash to buy outright and it can't be put to more productive use elsewhere then you've got a lovely choice of fantastic cars out there on the AUC front with CP, ceramics, bang & olfesen etc....

After 40000 miles in an F10 M5 first impressions after 200 miles in the M6 GCP, Christ it feels like a big car on the road, much more opulent cabin (and the M5 drivers seat was no bad place to sit), rear space is no doubt tight but thankfully my two kids who will sit in the rear are ok for leg and headroom I think until the next M5 appears which I suspect is how long it's got to last me.


BRUNBERG

Original Poster:

20 posts

131 months

Sunday 25th January 2015
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Thank you for taking the time to reply mate

IATM

3,778 posts

146 months

Monday 26th January 2015
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JMBMWM5

2,283 posts

197 months

Monday 26th January 2015
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BRUNBERG said:
Apologies if I wasn't making much sense.

Looking at AUC prices, it seems to me that although a substantial saving on RRP is evident, the savings on new prices through options such as broadspeed aren't as big as they should be.

I was wondering If people are doing better deals on AUC stock than prices advertised as may go that route, if not, I think I'd rather buy new.
Not sure just were you are in the country, but going "new" is the way forward, many dealers will offer good discounts, there may just be a stock car around to suit your needs in which case push harder, I know BMW UK had my first ordered M6 CP CP in Alpine white with Sakhir leather, many options in stock, the car is the same as you can buy now and it's been in stock since August last year so a good deal to be had on it (if it's not sold).

I have the same car now ( another story) which arrived October 2014.
Listers Kings Lynn are a good bet for discounts.

bigtime

513 posts

138 months

Monday 26th January 2015
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That M6 is gorgeous. However, I think what the OP is saying is that with discounts that car was probably circa £70k new with a competivive 0-5% apr. The linked car being a 2012 model and a higher rate of finance doesn't look good vfm. If I was buying the linked car I'd be offering way lower than the advertised price.

spunko2010

286 posts

155 months

Monday 26th January 2015
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^ Using that white M6 as an example what sort of price would you offer?

I remember a few years ago when I was trying to sell my 6 month old E92 privately, dealers were offering £37-£38k when on Autotrader they were marketing them at £45k. As a percentage that means the buying prices are about 18% under the 'asking price'. If that translates similarly to a 2 year old M6 then they bought that for around £43k... !

bigtime

513 posts

138 months

Monday 26th January 2015
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I'd go in at £44k for the white one above and see what their reaction is. It's hard to haggle when buying cars like this on finance as all the salesmen recite is how much do you want to pay a month and if we cvan get you it for £xxx per month will you leave a deposit today etc. Yes, it may be worth and book at more £ but this will continue to depreciate heavily and you won't get as good finance as buying new. I can't remeber who but one dealer was offering 4.9apr on all used cars till the end of January. I was going to ask if this was available on a pre reg but I hadn't sold mine by then and hate part exing at dealers.

IATM

3,778 posts

146 months

Monday 26th January 2015
quotequote all
bigtime said:
I'd go in at £44k for the white one above and see what their reaction is. It's hard to haggle when buying cars like this on finance as all the salesmen recite is how much do you want to pay a month and if we cvan get you it for £xxx per month will you leave a deposit today etc. Yes, it may be worth and book at more £ but this will continue to depreciate heavily and you won't get as good finance as buying new. I can't remeber who but one dealer was offering 4.9apr on all used cars till the end of January. I was going to ask if this was available on a pre reg but I hadn't sold mine by then and hate part exing at dealers.
Big time you are very much like me. I like to low ball dealers too but it's not about finding a car you like and then going nuts at the dealers and offering them 10k less. This m6 has only just came onto the market, I know this because I check m6's every 2 days.

Keep an eye on this one, if it's still there say in 4 months time I would be shocked if firstly they didn't drop it to 49,999 and also if you made an offer of 44-45k they wouldn't accept it.

In saying this the biggest annoyance you will need to overcome is exactly what bigtime has stated; the whole finance talking rubbish. That's why when dealer asks me how you looking to finance the car, my answer is always "cash". Even if after I wanted finance from them that is what I always used to say to work on the actual price and finance after.

These day I the dealer does it a cash purchase from me but that's because I finance the car via half my own money and the remaining from a personal loan. It's much much much cheaper. Car dealer finance is suicide.

BRUNBERG

Original Poster:

20 posts

131 months

Monday 26th January 2015
quotequote all
Thanks again for the replies.

That's a nice looking car but I'd be after a late comp pack model tbh.

I may well go new, but I'm inclined to agree with the above. I think I'll wait until March/April and keep checking AUC, if any cars currently available (that suit) are still there it's gotta be worth a low ball cash offer with the facelift being 2 months away.

If I do a great deal on an existing car, happy days, if I have to pay more or less what the advertised price is, I'll go new.


I'd be interested to hear if anyone gets a good discount on an AUC car in the mean times

BRUNBERG

Original Poster:

20 posts

131 months

Monday 26th January 2015
quotequote all
TheI'm not usually a vert man but this seems a lot of car with comp pack and carbon ceramic brakes


http://usedcars.bmw.co.uk/M/4.4-M6/Hereford/349261...

spunko2010

286 posts

155 months

Monday 26th January 2015
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IATM said:
Big time you are very much like me. I like to low ball dealers too but it's not about finding a car you like and then going nuts at the dealers and offering them 10k less. This m6 has only just came onto the market, I know this because I check m6's every 2 days.

Keep an eye on this one, if it's still there say in 4 months time I would be shocked if firstly they didn't drop it to 49,999 and also if you made an offer of 44-45k they wouldn't accept it.

In saying this the biggest annoyance you will need to overcome is exactly what bigtime has stated; the whole finance talking rubbish. That's why when dealer asks me how you looking to finance the car, my answer is always "cash". Even if after I wanted finance from them that is what I always used to say to work on the actual price and finance after.

These day I the dealer does it a cash purchase from me but that's because I finance the car via half my own money and the remaining from a personal loan. It's much much much cheaper. Car dealer finance is suicide.
So what sort of price would they take now, cash? Also did you mean what you said - that it'll drop by £3k in 4 months? Are you sure you check the listings every other day? They drop by that a fortnight :P

I'd be interested to see what Palmball sold his M6 for in the end as I believe he tried to sell it privately after only a short period of ownership.

Edited by spunko2010 on Monday 26th January 20:24

bigtime

513 posts

138 months

Monday 26th January 2015
quotequote all
I am sure Palmball sold his to a dealer then a few months later it was advertised for less then he was given.

IATM

3,778 posts

146 months

Tuesday 27th January 2015
quotequote all
bigtime said:
I'd go in at £44k for the white one above and see what their reaction is. It's hard to haggle when buying cars like this on finance as all the salesmen recite is how much do you want to pay a month and if we cvan get you it for £xxx per month will you leave a deposit today etc. Yes, it may be worth and book at more £ but this will continue to depreciate heavily and you won't get as good finance as buying new. I can't remeber who but one dealer was offering 4.9apr on all used cars till the end of January. I was going to ask if this was available on a pre reg but I hadn't sold mine by then and hate part exing at dealers.
Big time you are very much like me. I like to low ball dealers too but it's not about finding a car you like and then going nuts at the dealers and offering them 10k less. This m6 has only just came onto the market, I know this because I check m6's every 2 days.

Keep an eye on this one, if it's still there say in 4 months time I would be shocked if firstly they didn't drop it to 49,999 and also if you made an offer of 44-45k they wouldn't accept it.

In saying this the biggest annoyance you will need to overcome is exactly what bigtime has stated; the whole finance talking rubbish. That's why when dealer asks me how you looking to finance the car, my answer is always "cash". Even if after I wanted finance from them that is what I always used to say to work on the actual price and finance after.

These day I the dealer does it a cash purchase from me but that's because I finance the car via half my own money and the remaining from a personal loan. It's much much much cheaper. Car dealer finance is suicide.

IATM

3,778 posts

146 months

Tuesday 27th January 2015
quotequote all
spunko2010 said:
IATM said:
Big time you are very much like me. I like to low ball dealers too but it's not about finding a car you like and then going nuts at the dealers and offering them 10k less. This m6 has only just came onto the market, I know this because I check m6's every 2 days.

Keep an eye on this one, if it's still there say in 4 months time I would be shocked if firstly they didn't drop it to 49,999 and also if you made an offer of 44-45k they wouldn't accept it.

In saying this the biggest annoyance you will need to overcome is exactly what bigtime has stated; the whole finance talking rubbish. That's why when dealer asks me how you looking to finance the car, my answer is always "cash". Even if after I wanted finance from them that is what I always used to say to work on the actual price and finance after.

These day I the dealer does it a cash purchase from me but that's because I finance the car via half my own money and the remaining from a personal loan. It's much much much cheaper. Car dealer finance is suicide.
So what sort of price would they take now, cash? Also did you mean what you said - that it'll drop by £3k in 4 months? Are you sure you check the listings every other day? They drop by that a fortnight :P

I'd be interested to see what Palmball sold his M6 for in the end as I believe he tried to sell it privately after only a short period of ownership.

Edited by spunko2010 on Monday 26th January 20:24
The 3/4k drop will be well before the 4 month mark. I have seen m6's drop 4k min in the last two months.
It was more of a case of Id still wait 4 months even if the price dropped before that because at that point they will be desperate to get rid.

What I would offer right now for the car? - I wouldn't put in an offer. I would be surprised if they entertained anything less than 50k and at that price in my opinion it's too expensive.

In 4 months time if you get that car at 44k would be a good price.

spunko2010

286 posts

155 months

Tuesday 27th January 2015
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I'll say it now, if that car is still available at the end of February I bet it's at £45-46k. No need to wait 4 months.

IATM

3,778 posts

146 months

Tuesday 27th January 2015
quotequote all
spunko2010 said:
I'll say it now, if that car is still available at the end of February I bet it's at £45-46k. No need to wait 4 months.
Your probably right, 4 months is probably the max time. It depends on the car and dealerhsip but I think yeah 2-3 months for an m6 espeically seen as the facelift is out etc.