Used BMW from a dealer - cash discount
Discussion
If a BMW main dealer has a car on for 22,950 and I'm paying cash, what sort of discount can I reasonably expect to get?
20k?
22k?
(That's the price paid, not the discount, before the pedants get started.
)
I know the suggestions about buying end of month, being firm, pushing and haggling all the way.. but, I'd be interested in other peoples experiences and suggestions.
20k?
22k?
(That's the price paid, not the discount, before the pedants get started.
)I know the suggestions about buying end of month, being firm, pushing and haggling all the way.. but, I'd be interested in other peoples experiences and suggestions.
I wouldn't have thought you'd get a discount for paying cash at all in this day and age. From the dealer's point of view, it's just extra hassle.
Why would you want to anyway? Surely a debit or credit card is safer - although that still wouldn't offer any incentive for them to give you a discount.
Why would you want to anyway? Surely a debit or credit card is safer - although that still wouldn't offer any incentive for them to give you a discount.
Edited by Risotto on Wednesday 14th September 15:04
Jesus Christ, it's nearly as bad as the constant stream of muppets I have sending me messages about my car, reasonably priced at £2695-
"2000 for cash bruv?"
Really, how else do you think I'd accept your money? Tits. I packed three chancers away who had come from Manchester-Bristol. Car very honestly described/priced and I'd agreed a price of £2450 over e-mail, (car was up for £2900) with the caveat that this was not at all negotiable. Under any circumstances.
Turned up and decided car was "a bit rough". £2k cash bruv?
No thanks, bye.
They looked surprised.
Back on topic- No significant discount, although I imagine 10pc might be achievable...
"2000 for cash bruv?"
Really, how else do you think I'd accept your money? Tits. I packed three chancers away who had come from Manchester-Bristol. Car very honestly described/priced and I'd agreed a price of £2450 over e-mail, (car was up for £2900) with the caveat that this was not at all negotiable. Under any circumstances.
Turned up and decided car was "a bit rough". £2k cash bruv?
No thanks, bye.
They looked surprised.
Back on topic- No significant discount, although I imagine 10pc might be achievable...
carreauchompeur said:
Back on topic- No significant discount, although I imagine 10pc might be achievable...
I would suggest that this would not be achievable unless the car is 10% overpriced. How much margin do you think that dealers keep on their used stock, bearing in mind that there is a lot of competition out there and factoring in cost of VAT paid, recon, warranty and breakdown cover? I would suggest that the dealer would probably have between £1500 and £2000 left in it after all this is paid.Assuming you mean "no finance" by the term cash...or do you mean hard bank notes in which case they will only accept £10,000 in notes due to Money Laundering legislation.
I have always bought my AUCs without finance outright and managed good discounts but this depends on a car.
Once picked up a 645ci convertible in snowey December for a £3500 off the sticker price.
Picked up an X5 in the middle of summer for £2500 off the sticker price.
And once picked up a 120d Sport on the last day of the month for - wait for it (NO JOKES) a £5k discount!!
So id start with £20,000 and if you can prove you are a serious buyer you may be lucky and surprised a the same time.
What I find normally works for me is to offer my debit card details immediately if they can seal a deal straight away.
Most of the times I have done this via phone as the dealers up North tend to give better discounts than the ones around London.
HTH
I have always bought my AUCs without finance outright and managed good discounts but this depends on a car.
Once picked up a 645ci convertible in snowey December for a £3500 off the sticker price.
Picked up an X5 in the middle of summer for £2500 off the sticker price.
And once picked up a 120d Sport on the last day of the month for - wait for it (NO JOKES) a £5k discount!!
So id start with £20,000 and if you can prove you are a serious buyer you may be lucky and surprised a the same time.
What I find normally works for me is to offer my debit card details immediately if they can seal a deal straight away.
Most of the times I have done this via phone as the dealers up North tend to give better discounts than the ones around London.
HTH
all my examples above are when I have been in this situation Snowboy said:
Appologies for not being clear.
When I said "cash" I meant "Not Financed and no part ex".
Just a simple single payment transaction and drive away.
If it's the car you want and it's seems to be priced ok'ish, just ask the dealer how much they'll take and go from there. If you don't ask you won't get, as sometimes there's more flexibility in some particular stock than others. Good luck. When I said "cash" I meant "Not Financed and no part ex".
Just a simple single payment transaction and drive away.
It depends a lot on the model in question - if it's one that's relatively easy to sell (320d for example), they're unlikely to budge much. On the other hand, if it's one of the larger engined ones that aren't selling as well, you may find they're more flexible.
At the end of the day, if you're not using finance, the salesman won't get his bonus.
At the end of the day, if you're not using finance, the salesman won't get his bonus.
How is the car priced against other similar age, mileage and specification examples in the AUC network?
It might be £2k below all the rest, in which case, why should they take a penny off?
If a dealer can give that much off, then it is a false discount and the car is over-priced at its asking price.
It might be £2k below all the rest, in which case, why should they take a penny off?
If a dealer can give that much off, then it is a false discount and the car is over-priced at its asking price.
Purely from my experience I'd say if you go in there and tell them you want 5% off and you'll buy now then they'll take it without any further negotiation (especially if it's a bigger engined car atm).
I've used this before when I've wanted a car, I can't be bothered with all the jesturing, going away/coming back etc for a few hundred quid. 5% off sticker, deal done and walk out happy you've got some money off and knowing you'll be picking up a new car as soon as it's prepped.
What is it you've seen?
I've used this before when I've wanted a car, I can't be bothered with all the jesturing, going away/coming back etc for a few hundred quid. 5% off sticker, deal done and walk out happy you've got some money off and knowing you'll be picking up a new car as soon as it's prepped.
What is it you've seen?
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