E92 M3's on BMW AUC
Discussion
Hi all,
Does anyone know how long dealers usually keep M3's before shifting them on - there are quite a few I am interested in and they have been around for a while - some of the prices are rather different considering specs as well. I'm looking for a Competition Pack preferably, with DCT, black interior and either Business or HK audio. It also surprises me how badly the spec. is usually listed i.e. you can open up the 'Brochure' option and there are items listed which are not on the website.
cheers
G.
Does anyone know how long dealers usually keep M3's before shifting them on - there are quite a few I am interested in and they have been around for a while - some of the prices are rather different considering specs as well. I'm looking for a Competition Pack preferably, with DCT, black interior and either Business or HK audio. It also surprises me how badly the spec. is usually listed i.e. you can open up the 'Brochure' option and there are items listed which are not on the website.
cheers
G.
Good Morning, I note your post regarding Main Dealers and their M3 Stock. I am a Main BMW dealer in Edinburgh, Eastern BMW with a dedicated Mpower Department.
I would say in each case the situation is different, more recently I cannot seem to keep M Power cars in stock for any length of time, However in General Motor dealers will run a 60 or 90 day policy with a View to liquidating stock at this time. However M Power cars are somewhat different due to their scarceity and specialism.
The good thing with a main dealer selling a BMW approved used car is that they have to be prepared to exacting standards, Minimum Tyre tread depths, paintwork criteria, service criteria etc, Such as the car MUST have a full service History, and must not require a service within 3 months or 4,000 miles. It must go out with a minimum of 12 months warranty and 12 months breakdown recovery.
This means that certainly in the case of Eastern BMW's MPower department we sell the best condition Mpower cars around whilst trying to sell them at a price that is competative in the market place.
I hope this helps
Greg
I would say in each case the situation is different, more recently I cannot seem to keep M Power cars in stock for any length of time, However in General Motor dealers will run a 60 or 90 day policy with a View to liquidating stock at this time. However M Power cars are somewhat different due to their scarceity and specialism.
The good thing with a main dealer selling a BMW approved used car is that they have to be prepared to exacting standards, Minimum Tyre tread depths, paintwork criteria, service criteria etc, Such as the car MUST have a full service History, and must not require a service within 3 months or 4,000 miles. It must go out with a minimum of 12 months warranty and 12 months breakdown recovery.
This means that certainly in the case of Eastern BMW's MPower department we sell the best condition Mpower cars around whilst trying to sell them at a price that is competative in the market place.
I hope this helps
Greg
I saw several 'shockers' at BMW forecourts when I was looking for mine. AUC means diddly squat. Buy on condition and history. Preferably from an enthusiast that has looked after the car. Buying from a dealer, you won't have a clue as to how the previous owner treated the car. Was it garaged? etc, etc.
ant man said:
I saw several 'shockers' at BMW forecourts when I was looking for mine. AUC means diddly squat. Buy on condition and history. Preferably from an enthusiast that has looked after the car. Buying from a dealer, you won't have a clue as to how the previous owner treated the car. Was it garaged? etc, etc.
+1Think some dealers are better than others but have heard good things about eastern BMW (who posted above).
Some dealers do the bare minimum, the previous dealer I worked at i got fed up selling AUC cars on a promise that rectification would eventually get done. There are strict guidelines that should be followed to the letter, but at a cost i guess as it really does cost a lot of money to make each car as it should be.
The main problem is, and excuse my waffle, but if a salesman appraises a used car and the manager is to lazy to view it the salesman will"sell" it to the manager as a stunning car, then when it comes into stock they find out it isn't as appraised, and don't have the margin to recon the car and keep it competitive in the market. so cars are ofter presented for sale and sold on a promise!!
As the previous post states, I am glad to hear we have a good reputation, but we really do follow the prep guidelines to the letter, and in many instances over prepare our cars.
greg
The main problem is, and excuse my waffle, but if a salesman appraises a used car and the manager is to lazy to view it the salesman will"sell" it to the manager as a stunning car, then when it comes into stock they find out it isn't as appraised, and don't have the margin to recon the car and keep it competitive in the market. so cars are ofter presented for sale and sold on a promise!!
As the previous post states, I am glad to hear we have a good reputation, but we really do follow the prep guidelines to the letter, and in many instances over prepare our cars.
greg
That's an interesting post Greg, thanks.
How do you go on with something like a newish M3 that comes in needing a few bits etc and as the market is slow and each month they shed another chunk of value. Bet it must be really hard to give a competitive trade in price without cutting the meat from the new purchase they trade against.
How do you go on with something like a newish M3 that comes in needing a few bits etc and as the market is slow and each month they shed another chunk of value. Bet it must be really hard to give a competitive trade in price without cutting the meat from the new purchase they trade against.
It is a difficuly one, as recent E92 models are at a price that makes New cars either on the stonkin CHire offer, or on the registration bonus deal, tricky to sell. I guess it's all about Valuing correctly, not with what the guide says, but what you feel you can realistically expect to return on the car, so perhaps the very recent ones are worth behind book valuation and an earlier e92 can be worth more than book if it is a right and proper car.
Interseting stuff - there are quite alot of cars on the market at the moment - as has been pointed out Interlagos cars do not hang around very long (I used to have an 08 one). If I wanted a white car I would be laughing there is a lot of choice.
I know BMW do 'runs' of production on other models but what about Mpower models? it seems that most of the cars I have seen that are registered March 2012 or there abouts - where actually manufactured last October or there abouts (I assume that they are all 2012 cars if manufactured after August 2011)There are a number of Special Edition cars (Santorini Blue, Electric Red, and a White of sorts) that all have the same spec (pretty much what I would like) I assume they all must of been BMW cars pre ordered last year and then had to be registered before the new plate this year.
I have been keeping my eye on the prices of a number of cars some have dropped and some haven't.
Eastern boy you are right in that some are a mess and have not been prepared very well. Although I think some of the cars have been registered and then used by the dealership for a while - I would hope that these cars are reasonably well looked after?
I know BMW do 'runs' of production on other models but what about Mpower models? it seems that most of the cars I have seen that are registered March 2012 or there abouts - where actually manufactured last October or there abouts (I assume that they are all 2012 cars if manufactured after August 2011)There are a number of Special Edition cars (Santorini Blue, Electric Red, and a White of sorts) that all have the same spec (pretty much what I would like) I assume they all must of been BMW cars pre ordered last year and then had to be registered before the new plate this year.
I have been keeping my eye on the prices of a number of cars some have dropped and some haven't.
Eastern boy you are right in that some are a mess and have not been prepared very well. Although I think some of the cars have been registered and then used by the dealership for a while - I would hope that these cars are reasonably well looked after?
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