New M5

[The Livster]

After 6 weeks of test drives and searching the web for a suitably specked M5/6 a decision has been made

None of the cars I have seen has ticked enough boxes to make me pull the trigger, so I have an appointment later to negotiate a deal on a new build to my spec. The dealer is aware of the price I am willing to pay so fingers crossed he can get somewhere near, if he can I will order today ................... EXCITED !!!

[JMBMWM5]

Great, let us know what you finally get and what sort of discount. enjoy the ride.

[playNskillz]

The Livster said:

After 6 weeks of test drives and searching the web for a suitably specked M5/6 a decision has been made

None of the cars I have seen has ticked enough boxes to make me pull the trigger, so I have an appointment later to negotiate a deal on a new build to my spec. The dealer is aware of the price I am willing to pay so fingers crossed he can get somewhere near, if he can I will order today ................... EXCITED !!!

Would be great to know what you can pull off.

[The Livster]

Negotiations postponed till Saturday morning , too busy today. I know what I am willing to pay so we will have to wait and see what they offer. Prepared to walk if they don't come close but ready to buy if they do :-)

[HoHoHo]

We're all aware there are some pretty healthy discounts available, are you after more or are the discounts shrinking?

[The Livster]

Hi HoHoHo

The "price to change" is key for me. Pretty sure I can get a decent discount of the M5, its how much of that discount I will be financing through depreciation on my 640d (6 months old )
Was unable to make yesterday so rearranged for Saturday. If the price is right I will pull the trigger,the dealership know me well so hopefully loyalty might swing the deal in my favour

[Andy M]

Not sure I'd start the heavy negotiating of a weekend, when dealers are usually deluged with prospective customers.

Good luck!

[JMBMWM5]

Just specced the new M6 GC CP £102230:00, discounted £18K max I was told, that still leaves £84K to find or PX +.
Thats still a high price to pay IMO for a few more Horses.
This quote was from Listers by phone, but I have delt with them a lot.
Anyone better that for the new M6 GC CP?.

[stain]

No. And for a fright ask them what the gfv is in 2 years time.

[theboss]

Is that just a reflection of the fact that the LCI and revised CP has only just come out? This should mean that an M5 with CP (if you can live with a mere 575bhp) is substantially cheaper for not a lot less car.

[JMBMWM5]

theboss said:

Is that just a reflection of the fact that the LCI and revised CP has only just come out? This should mean that an M5 with CP (if you can live with a mere 575bhp) is substantially cheaper for not a lot less car.

I just think the level of "discount" has dropped. Why I am not sure but if this new M6 CP does not sell well (which it wont) then later this year thing may change.
I got my M6 GC CP with 34K off which was just great, depreciation not that great from the prices I have seen, you pay more for secondhand than I payed new.

[ashway]

The Livster said:

Hi HoHoHo

The "price to change" is key for me. Pretty sure I can get a decent discount of the M5, its how much of that discount I will be financing through depreciation on my 640d (6 months old )
Was unable to make yesterday so rearranged for Saturday. If the price is right I will pull the trigger,the dealership know me well so hopefully loyalty might swing the deal in my favour

I'd imagine the depreciation on a 6 month old 640d will be epic, I'll watch with interest mine is 10 months old and haven't dared to enquire about changing so soon

[The Livster]

My 640 was sitting in the showroom when I bought it so I got a good deal on it. Prepared to take a hit ,but will not give it away. If cost is too high I will happily walk, the 640 is a great car with a good spec, driving it for another 12 months will be no hardship ....... BUT ITS NOT AN M5

[ashway]

Yeah I'm in the same boat, not thinking about changing that one so soon but getting an itch with my M3 it feels so dated inside compared to the F13

[The Livster]

Well guys the deal is done

San Marino Blue, black leather with Piano Black. HK, 20", comfort access, speed limit display, surround view, multifunction seats, privacy, service pack and guaranteed build slot for next month.

Took a bit of a hit "as expected" on the 6er but got 19% discount on the M

Its cost me, but nothing I can not live with

[StuH]

Nice work!

Spec looks good - I'd sack of the pants HK and go for the B&O though - it's awesome!

[cerb4.5lee]

Great stuff

[JMBMWM5]

The Livster said:

Well guys the deal is done

San Marino Blue, black leather with Piano Black. HK, 20", comfort access, speed limit display, surround view, multifunction seats, privacy, service pack and guaranteed build slot for next month.

Took a bit of a hit "as expected" on the 6er but got 19% discount on the M

Its cost me, but nothing I can not live with

Who did this deal Please thanks.

[The Livster]

Was my local dealer, don't think it would be much help to anyone else's bargaining as it was based on the amount of business my family and I have put their way over the last 10 years . I have seen how much they are making out of the deal and its not much. My loyalty to 1 dealer has come up trumps more than once, very happy

[wnd]

As a very simple rule of thumb maximum 'normal' discount should be 12% plus whatever 'chassis support'' bmw UK is throwing in. At the moment on the M6 this is £6,500. On the M5 £2,500.

So John on your £102,230 spec you should achieve £12,267 + £6,500 = £18,767 at least

The discounts before were much better because the chassis support was £18k!

You may get more if the dealer is willing to lose money on an individual chassis to hit a volume bonus- but the above is rule of thumb for breakeven for them. Having a trade in makes it even more complicated as they may offset what they can mark your trade up by when they sell it into the above figures to still break even on the deal.

Then if you buy it with someone else's money there is the kickback on the finance...

Edited by wnd on Sunday 24th May 07:16