What's a realistic discount?

What's a realistic discount?

Author
Discussion

sjm18

Original Poster:

282 posts

220 months

Wednesday 29th October 2008
quotequote all
Ok - getting close now to buying a 335i convertible or 330i convertible (have another post out at the moment). I'm testing two cars back to back this weekend and assuming all goes well then will prob go for one of them. Question is this: what is a realistic discount to get off the screen price at the moment? I'm not out to completely stiff the dealer over, but want to get a fair price.

The 335i is up at £37k and the 330i is at £35k. Both cars are M Sport models, 08 plate, well specc'd and under 10k miles on the clock.

I was hoping to get £2k off either car. Is that expecting too much, or not enough?!?

Dunk76

4,350 posts

215 months

Wednesday 29th October 2008
quotequote all
Where in the South East are you?

Chatting to someone in the know last night I heard something about discounts at my local lot on nearly new which made my jaw drop...

Edited by Dunk76 on Wednesday 29th October 11:04

sjm18

Original Poster:

282 posts

220 months

Wednesday 29th October 2008
quotequote all
Kent - near Bromley. I was wondering what deals may be done because the face-lift model will be out soon, so I'm expecting to get some discount on 08 plates...

sjm18

Original Poster:

282 posts

220 months

Wednesday 29th October 2008
quotequote all
Should have added, I'm happy to travel a bit to get right deal though!

Dunk76

4,350 posts

215 months

Wednesday 29th October 2008
quotequote all
I've heard my local main dealer have just taken a 16K loss on a used low mile 6 series. I'm also told that they'll consider 30-40% off (for cash purchases) on the undesirable models just to get shot of the things.

They have a line of E60s at the moment. None more than three years old and no more than 35K on the clock. Take your pick from 4 x 525D SE with various differing options - all of them around the £15K mark.... before haggling.

sjm18

Original Poster:

282 posts

220 months

Wednesday 29th October 2008
quotequote all
Mmm - tempting to hold on a bit. I'm not sure how flex they would be on the cars I'm looking at, but I'm guessing there aren't too many people looking to buy convertibles right now. Well, I'm hoping that is the case...!

Dunk76

4,350 posts

215 months

Wednesday 29th October 2008
quotequote all
The impression I'm getting is that there's nobody buying much at the moment, let alone convertibles...

Go in and give it go - what the worst that can happen? They say no and you walk away leaving them with the depreciating asset.

sjm18

Original Poster:

282 posts

220 months

Wednesday 29th October 2008
quotequote all
True...! Thinking of going in £2k - £3k under. Will see if I get kicked out of the place or not.. biggrin

B3Svert

553 posts

193 months

Wednesday 29th October 2008
quotequote all
If this is the stealers in Bromley then I strongly suggest buying elsewhere. They are some of the rudest and most ignorant BMW "representatives" i have ever come across.

Obviously can't name names, but Jephen Stames might be a helpful anagram...

I have never bought from them, but have been surprised each time I have been there by incomplete and incompetent servicing work being done. I don't even use them for buying parts anymore as they can't even get that right.

Shame really as it's pretty much at the end of my road!!

Welshbeef

49,633 posts

199 months

Wednesday 29th October 2008
quotequote all
sjm18 said:
True...! Thinking of going in £2k - £3k under. Will see if I get kicked out of the place or not.. biggrin
Are you serious? £2-3k on a £35-37k car i.e. a max discount of 8.5% or a min of 5.4%....

Being totally serious here you need to go in with an offer of at least £8k under the screen price infact start at asking for £10k. Then leave them with your offer for a week or two.

sjm18

Original Poster:

282 posts

220 months

Wednesday 29th October 2008
quotequote all
biggrin Not Bromley, but thanks for the tip. You are very close though - head past the big Tesco and on towards Bexley a bit wink. I've always had a good experience from the one I am referring to and this would be the second car I've bought from them. Funny you mention Bromley - my Dad had a 325i from them and wasn't too impressed with the Service side...

Welshbeef - I think you have given me the encourgement I needed! Not sure I would go in £10k under as they sold a similar spec car (on an 07 plate admittedly) for £29k a couple of weeks ago. It's on that basis I'm not sure having the 08 plate is worth an extra £6k at £35k. I suppose no harm going in at £29k and see what happens though. Not exactly a rare car so there'll be plenty of choice.

Dunk76

4,350 posts

215 months

Wednesday 29th October 2008
quotequote all
Hell yeah - go in 33% under screen price and see what happens

sjm18

Original Poster:

282 posts

220 months

Wednesday 29th October 2008
quotequote all
Asking for a third off seems like a pith-take to me, and I can't see it being taken seriously. But like you say, I guess it doesn't matter if I walk away, and if I have to wait a month to get a low offer accepted who cares...!

pgilc1

35,853 posts

198 months

Wednesday 29th October 2008
quotequote all
Dunk76 said:
Hell yeah - go in 33% under screen price and see what happens
Your credibility as a prospective customer goes down the pan?

Welshbeef

49,633 posts

199 months

Wednesday 29th October 2008
quotequote all
pgilc1 said:
Dunk76 said:
Hell yeah - go in 33% under screen price and see what happens
Your credibility as a prospective customer goes down the pan?
But if it works you have saved yourself a fortune - say a nice 2 week stay in a top end 5 star hotel with the Mrs.

Welshbeef

49,633 posts

199 months

Wednesday 29th October 2008
quotequote all
pgilc1 said:
Dunk76 said:
Hell yeah - go in 33% under screen price and see what happens
Your credibility as a prospective customer goes down the pan?
But if it works you have saved yourself a fortune - say a nice 2 week stay in a top end 5 star hotel with the Mrs.

Deva Link

26,934 posts

246 months

Wednesday 29th October 2008
quotequote all
Welshbeef said:
pgilc1 said:
Dunk76 said:
Hell yeah - go in 33% under screen price and see what happens
Your credibility as a prospective customer goes down the pan?
But if it works you have saved yourself a fortune - say a nice 2 week stay in a top end 5 star hotel with the Mrs.
You would be taken by the arm and steered towards the door. Then you'll have to find another BMW dealership to buy a car from.

sjm18

Original Poster:

282 posts

220 months

Wednesday 29th October 2008
quotequote all
I'm more thinking make a realistic offer so the guy doesn't think I am trying to shaft him (in my own line of business we play a middle man and of course both sides try squeezing us, but if we think both sides are playing pretty fair then a sensible deal can work). So I guess I'm taking that kind of approach with me - make a sensible offer and hope to meet somewhere we both like.

Having said all that, this is probably why I don't sell cars for a living...! I'm now prepared to be roasted!

Chipper

1,314 posts

218 months

Wednesday 29th October 2008
quotequote all
sjm18 said:
I'm more thinking make a realistic offer so the guy doesn't think I am trying to shaft him (in my own line of business we play a middle man and of course both sides try squeezing us, but if we think both sides are playing pretty fair then a sensible deal can work). So I guess I'm taking that kind of approach with me - make a sensible offer and hope to meet somewhere we both like.

Having said all that, this is probably why I don't sell cars for a living...! I'm now prepared to be roasted!
Oh god they're going to eat you alive!

sjm18

Original Poster:

282 posts

220 months

Wednesday 29th October 2008
quotequote all
biggrin Fair point! I've just had a look on BMW AUC and there are 4 pages of the car with the spec etc. I like! So may be more room for negotiation than I thought...!