Discounts on new M3/M4?

Discounts on new M3/M4?

Author
Discussion

hondansx

Original Poster:

4,562 posts

224 months

Monday 29th December 2014
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Coming from Porsche, where discounts are pretty hard to come by, i was wondering if it would be the same for BMW's latest and greatest?

I'm kind of hoping that the disappointing reviews would help me out, but i see on the classifieds some ads say 'beat the waiting list' (but is this just lead time, as per any other car?).

Appreciate some may not wish to reveal what they have paid for their cars, but generally interested in if a discount can be had so i have a realistic idea before i walk into a BMW showroom.

Jazzer

1,665 posts

203 months

Monday 29th December 2014
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As you said, the reviews have not been great and this has definitely put people off.

You'd be a mug to pay list, or nearly list, for one of these.

I was offered £5.5K off a nearly new car, so discounts are available and you will see that when you wade in with a serious buying face on.

By the way, I have no intention of getting one, the offer came up as part of a conversation about another car!

hondansx

Original Poster:

4,562 posts

224 months

Monday 29th December 2014
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That's great to hear, thanks!

spunko2010

286 posts

155 months

Monday 29th December 2014
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There isn't any waiting list now unless you want specific leather options - as per a main dealer a few weeks ago. There may have been a rush of orders since, but this seems unlikely(!)

Seeing as you can get a nearly-new for sub £50k and they have been out for 7 months the initial excitement is wearing off and BMW will need to come up with something, who knows maybe even a 0% finance offer, or at least a contribution I'd think. You can get an M5 for less. My own inkling is early Q2.


Edited by spunko2010 on Monday 29th December 21:04

4941cc

25,867 posts

205 months

Tuesday 30th December 2014
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Hang on for 6 months and wait for them to start putting them out on silly lease deals/massive dsicount & low APR PCPs to clear the stockpile, a la M5 and M6 not so long ago.


GameOverMan!

332 posts

196 months

Tuesday 30th December 2014
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Not trying to teach anyone to 'suck eggs' but the usual applies: pick your dealership - some are more flexible than others, don't be tied to a local dealer and pick your time of the month/year e.g. last week of the month etc.

Also, know what deal you want, stick to your guns and be prepared to walk away. I always give them my card in case they change their mind after you've walked out of the show room - they usually do.

The usual saying applies: 'if they aren't crying, I ain't buying'. Push them hard but be prepared to sign on the dotted line when you get what you want. The less up front lessons the blow at trade in time.

I travelled over 500 miles round trip to buy my last car from a small dealership. But I saved many, many thousands as a result and the mileage helped with the run in process. The sales response was vastly better than the one five mile away - they wouldn't give me any discount, didn't know their stock, were over-priced and were plain infuriating (read: retarded).

Kananga

1,079 posts

155 months

Tuesday 30th December 2014
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Very well put GameOverMan.

Arguably the best advice for anyone buying from a main dealer!!

bigtime

513 posts

138 months

Tuesday 30th December 2014
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GameOverMan! said:
Not trying to teach anyone to 'suck eggs' but the usual applies: pick your dealership - some are more flexible than others, don't be tied to a local dealer and pick your time of the month/year e.g. last week of the month etc.

Also, know what deal you want, stick to your guns and be prepared to walk away. I always give them my card in case they change their mind after you've walked out of the show room - they usually do.

The usual saying applies: 'if they aren't crying, I ain't buying'. Push them hard but be prepared to sign on the dotted line when you get what you want. The less up front lessons the blow at trade in time.

I travelled over 500 miles round trip to buy my last car from a small dealership. But I saved many, many thousands as a result and the mileage helped with the run in process. The sales response was vastly better than the one five mile away - they wouldn't give me any discount, didn't know their stock, were over-priced and were plain infuriating (read: retarded).
Good advice. What's your opinion on emailing dealers your exact spec as this is the way I'd prefer to do things?

Llewey

22 posts

111 months

Wednesday 31st December 2014
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I've been keeping my eye on these threads. I was in discussions with some dealers before Xmas and while you can get nearly new cars quite well discounted, the finance deals aren't great and it's actually cheaper to buy new than nearly new even if the car is £5k-£6k cheaper. Both dealers I was speaking to were not offering discounts off the car per se but both were offering to clear the negative equity I have in my car which is about £2k-£3k. Only one of the dealers had access to the low rate finance, I'm not quite sure how this really works. Anybody know?

I'll hopefully continue my discussions in the new year with a view to placing an order on the M4 for delivery 1st March on the 15 plate. Fingers crossed anyway.

Although if anyone comes across any deals in the meantime I'll be keen to know about them.

twingf

46 posts

168 months

Wednesday 31st December 2014
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I bought new, although the car was already in the dealership it was the colour and spec I needed. Managed about £5k discount but no budging on APR or residual. Did get a deal on winter wheel set (which I'd highly recommend, transformed the grip significantly).

JMBMWM5

2,283 posts

197 months

Wednesday 31st December 2014
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GameOverMan! said:
Not trying to teach anyone to 'suck eggs' but the usual applies: pick your dealership - some are more flexible than others, don't be tied to a local dealer and pick your time of the month/year e.g. last week of the month etc.

Also, know what deal you want, stick to your guns and be prepared to walk away. I always give them my card in case they change their mind after you've walked out of the show room - they usually do.

The usual saying applies: 'if they aren't crying, I ain't buying'. Push them hard but be prepared to sign on the dotted line when you get what you want. The less up front lessons the blow at trade in time.

I travelled over 500 miles round trip to buy my last car from a small dealership. But I saved many, many thousands as a result and the mileage helped with the run in process. The sales response was vastly better than the one five mile away - they wouldn't give me any discount, didn't know their stock, were over-priced and were plain infuriating (read: retarded).
My tactics also , it pays to play them off against one and other, you always get a good deal, Listers on my part have always bettered any deals i have found, so the last 6 new BMW's were bought from them.

Cheib

23,110 posts

174 months

Thursday 1st January 2015
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I'd wager you'll get close to 20% like there are on some of the 6 series and M5's etc if you are patient. You only need to look at the AUC site to see how these cars are not selling.

I don't think e-mails are the best way to go. You need to speak to a salesperson get them engaged and make sure they understand you are a motivated buyer and will sign on the dotted line immediately. I'd even say take the trouble of going to dealerships.

When I have bought a car in similar circumstances I used to say to the two or three dealers I chose (visited them all) that I wanted their best price for the car to the spec I wanted with a confirmed build slot. Made it clear there would be no haggling/second bites at the cherry...they dealership that showed me the best deal got the business. That way they are incentivised to show their best price first up.

spunko2010

286 posts

155 months

Friday 2nd January 2015
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In my (limited) experience, a 20% discount right now would be very difficult as the car is too new and there's no contribution from BMW Head Office yet. The best percentage discount currently seems to be 10% or so.

You said about being patient which seems right; I'd imagine in 3-4 months it may be possible.

JMBMWM5

2,283 posts

197 months

Friday 2nd January 2015
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ZX10R NIN said:
It seems the average discount is between 10 -12%, my girlfriend was offered 12.5% off the M3 but she decided the D3 was a better buy for her pretty much no discount but managed to find a nearly new one for a bit less.

I was surprised at the no discount attitude when it came to the Alpina
Only thing with them is they do not hold a good RV, they loose more money than BMW's.

ZX10R NIN

27,490 posts

124 months

Friday 2nd January 2015
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JMBMWM5 said:
nly thing with them is they do not hold a good RV, they loose more money than BMW's.
Yes they do at the start but in the long term the roles reverse she plans on keeping it for at least four years we also managed to locate an Ex demo for a very good price with pretty much every option on it & 2000 miles on the clock.

You look at D3's & they are significantly more expensive than the equivalent 320d M Sport on the used market,
she was offered a 335d with a lot of M Performance parts fitted with the same 2000 miles on it for 11k less than the D3 & it was 3k more than the the M3 but I think the will hold it's money better than both because of it's rarity the M3/4's will become more plentiful which won't help there RV when it comes to selling.



Edited by ZX10R NIN on Friday 2nd January 16:18


Edited by ZX10R NIN on Saturday 3rd January 10:49

CheesyFootballs

14,673 posts

188 months

Friday 2nd January 2015
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Our Alpina D3 blew £25k in less than 3 years.
Never again.


mikearwas

1,112 posts

158 months

Friday 2nd January 2015
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CheesyFootballs said:
Our Alpina D3 blew £25k in less than 3 years.
Never again.
Ouch, that must have stung.

CheesyFootballs

14,673 posts

188 months

Friday 2nd January 2015
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Lesson learnt - never buy a new BMW / Alpina!

JMBMWM5

2,283 posts

197 months

Saturday 3rd January 2015
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CheesyFootballs said:
Lesson learnt - never buy a new BMW / Alpina!
No Not really, it depends on lots of factors, Z10R NIN intends to keep it for some years negating any loss in RV.
Shopping around with any newish car as a PX can be good ( I do this all the time) after playing dealers off against one and other very good deals can be had, ok no one gets a "no loss deal" but they can be very favourable.

CheesyFootballs

14,673 posts

188 months

Saturday 3rd January 2015
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Lesson learnt *for me*.

If you want to keep the car for a long time then fine.

The main issue with Alpina is zero discount on a new factory order, puts you at a loss instantly against a quite heavily discounted 3 series.

Therefore, I will never buy a new one again.

Edited by CheesyFootballs on Saturday 3rd January 11:39