How's this deal?

canesr1 · 11-11-2008, 05:45 PM

Blue '08 M3 coupe. MSRP 67,200. It's a demo w/ 300 miles. Dealer will sell for 61,985. Is this a good deal? He also said I could lease for $847(incl. taxes!) a month with only $1834 out of pocket(36 months/12k miles per yr.) The money factor he quoted me was .0025
This "normally" would seem like a pretty decent deal, but in this market today how does it stack up??
Thanks and hoping to rejoin the M Group soon.( I totalled an '05 m3 convert with only 5k miles

),

Canesr1

aggs400 · 11-11-2008, 05:50 PM

By demo do you mean the car was already titled? if it was, its not a good deal, if it wasn't, it is an OK deal

TTG · 11-11-2008, 06:06 PM

I say that is a pretty good deal! This is a recent quote I got for a 09 M3 for 36 months 10K a year:

Cost $66315

Res 56% ( 10 K per year)

MF 0.00300 STD rate

Residual amount $39410

Acq fee $925

Base monthly rental $1093 + your Tax ( 9.2%)

Cash out $1450

aznrr · 11-11-2008, 06:39 PM

is it a dct or 6mt

ismelllikepoop · 11-11-2008, 07:15 PM

sounds like a manual transmission launch car. local dealer in upstate ny has an interlagos silver coupe 6mt they've had for a while at the same sticker of 67.2 and they've advertised 5k off on their website since may/june. they'll go as far as 7k off which i think is a great deal. either way even with all these big discounts and financing it's not like they are flying off shelves so i think you can get a bit more than 5k off.

matt beard · 11-11-2008, 07:24 PM

Quote:

Originally Posted by TTG

I say that is a pretty good deal! This is a recent quote I got for a 09 M3 for 36 months 10K a year:

Cost $66315

Res 56% ( 10 K per year)

MF 0.00300 STD rate

Residual amount $39410

Acq fee $925

Base monthly rental $1093 + your Tax ( 9.2%)

Cash out $1450

Holy crap! Thats a lease payment.

canesr1 · 11-12-2008, 07:45 AM

Quote:

Originally Posted by ismelllikepoop

sounds like a manual transmission launch car. local dealer in upstate ny has an interlagos silver coupe 6mt they've had for a while at the same sticker of 67.2 and they've advertised 5k off on their website since may/june. they'll go as far as 7k off which i think is a great deal. either way even with all these big discounts and financing it's not like they are flying off shelves so i think you can get a bit more than 5k off.

I think you are right. The dealer said something about it being the 1st demo car they had from last year. I'm just not sure I like that blue. If it was silver or black I might jump all over it.
Have to go back and look at color again.

Is the dct really that good?

positiveions · 11-12-2008, 08:10 AM

take it

TTG · 11-12-2008, 06:16 PM

Quote:

Originally Posted by matt beard

Holy crap! Thats a lease payment.

Yup 1093.00 + tax..... by using Oct rates though.....

I say a little too much money for a lease but then there is minimal money down....

Ali.K_BMW · 11-12-2008, 08:03 PM

ugh. be careful actually. Its a good deal. make sure it wasnt beaten.

CodeRed · 11-12-2008, 08:50 PM

Quote:

Originally Posted by Ali@TurnersvilleBMW

ugh. be careful actually. Its a good deal. make sure it wasnt beaten.

Why it is a lease and has a full warranty?

Ali.K_BMW · 11-12-2008, 09:27 PM

Well since it was the flagship demo, make sure it wasnt beaten up.

canesr1 · 11-13-2008, 07:17 AM

Quote:

Originally Posted by Ali@TurnersvilleBMW

Well since it was the flagship demo, make sure it wasnt beaten up.

It only has 310 miles, can it be beaten up that bad?
There's another demo at princeton with over 5000 miles, I wuold be much more wary of that one than one with only 300+miles.
Ali- What can happen to it if it's "beaten up" or not broken in properly?

canesr1 · 11-13-2008, 07:19 AM

Quote:

Originally Posted by aggs400

By demo do you mean the car was already titled? if it was, its not a good deal, if it wasn't, it is an OK deal

No car was never titled and is considered "new".
The Blue is killing me though! Wish it was another color...

Ali.K_BMW · 11-13-2008, 08:02 AM

Take the 300 mile one. There's a warranty so if it iwas beaten you have a warranty

canesr1 · 11-13-2008, 08:27 AM

Quote:

Originally Posted by Ali@TurnersvilleBMW

Take the 300 mile one. There's a warranty so if it iwas beaten you have a warranty

Isn't there a warranty on ALL new BMW's for 4/50k? I'm not comprehending? What do you mean by beaten? What could happen to a car not properly broken in?

Seth_Horwitz · 11-13-2008, 11:53 AM

Quote:

Originally Posted by canesr1

Isn't there a warranty on ALL new BMW's for 4/50k? I'm not comprehending? What do you mean by beaten? What could happen to a car not properly broken in?

People will drive a demo EXTREMELY hard for one of a few reasons. It may be a true enthusiast who wants to see the cars limits before dropping $70G. It can be a service tech, or even owner of the dealership, that wants to see how fast the new car is. It can be an old lady who drives over curbs on the way into the dealership. If it's a manual tranny, some dealers "teach" new drivers how to drive stick on a demo so they can decide which transmission they will eventually purchase. .... The bottom line is that it is possible to damage the transmission (both gears and clutch), the engine, the brakes, and/or the suspension all within a few hundred miles. Some demo cars are great, and some become problems. You just have to realize that you are rolling the dice with a demo car as you don't know who's driven it. (or more importantly, how they were driving it)

nullspace · 11-13-2008, 12:21 PM

Quote:

Originally Posted by canesr1

Isn't there a warranty on ALL new BMW's for 4/50k? I'm not comprehending? What do you mean by beaten? What could happen to a car not properly broken in?

Actually, with most demos still out there, the warranty has already started. BMW extends the warranty for demo cars a bit (3 months and 5,000 miles I think), but for a demo this old you're probably still not getting the full 4 years/50,000 miles. Call BMW with the VIN and ask them. The dealer is not required to proactively disclose the modified warranty (at least not in CA as I understand it).

fq1 · 11-13-2008, 12:40 PM

Which "Blue" is the car? Interlagos or LeMans

JMD0977 · 11-13-2008, 02:09 PM

I redlined my dealers demo in every gear and hit 147MPH while my CA was in the car. The car had 120 miles. I would only give 60K for that demo. Then again 300 miles aint bad but you can do better that 62K.

canesr1 · 11-13-2008, 02:22 PM

Quote:

Originally Posted by JMD0977

I redlined my dealers demo in every gear and hit 147MPH while my CA was in the car. The car had 120 miles. I would only give 60K for that demo. Then again 300 miles aint bad but you can do better that 62K.

Thanks! YOu just made my choice that much easier....NO DEMOS for me!
The blue color is Interlagos btw

Ali.K_BMW · 11-13-2008, 02:42 PM

good choice. Cmon a CA (me of course), is telling an enthusiast not to take a demo, that means something?

If you were tight on cash, then eya its a good deal, just make sure of warranty

If you plan on keeping the car, and want to enjoy every bit of, NEW is the way to go.

11-11-2008, 05:45 PM	#1
canesr1 Lieutenant 21 Rep 591 Posts Drives: E92 Metallic Black Join Date: Sep 2007 Location: East Coast iTrader: (0)	How's this deal? Blue '08 M3 coupe. MSRP 67,200. It's a demo w/ 300 miles. Dealer will sell for 61,985. Is this a good deal? He also said I could lease for $847(incl. taxes!) a month with only $1834 out of pocket(36 months/12k miles per yr.) The money factor he quoted me was .0025 This "normally" would seem like a pretty decent deal, but in this market today how does it stack up?? Thanks and hoping to rejoin the M Group soon.( I totalled an '05 m3 convert with only 5k miles ), Canesr1 __________________ 2007 E92 Metallic Black, Black interior, brushed aluminum, 6MT, Nav, 6FL, 20% ceramic tints, OEM Front Lip, Dinan Stage 2 Rev2, 19''s M6 Reps
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11-11-2008, 05:50 PM	#2
aggs400 Private 8 Rep 52 Posts Drives: E92 M3 Black CFR 6SP Join Date: Sep 2008 Location: Philadelphia iTrader: (0)	By demo do you mean the car was already titled? if it was, its not a good deal, if it wasn't, it is an OK deal
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11-11-2008, 06:06 PM	#3
TTG ... 936 Rep 4,329 Posts Drives: M340 Join Date: Aug 2006 Location: Seattle, WA iTrader: (3) Garage List 2011 BMW M3 [7.84] 2007 335 Coupe (ret ... [9.00]	I say that is a pretty good deal! This is a recent quote I got for a 09 M3 for 36 months 10K a year: Cost $66315 Res 56% ( 10 K per year) MF 0.00300 STD rate Residual amount $39410 Acq fee $925 Base monthly rental $1093 + your Tax ( 9.2%) Cash out $1450 __________________ 2020 G20 M340 xDrive - Portimao Blue - ZDA\|ZPP\|ZPX\|1CR\|1PE\|6NW\|6WD 2016 F10 535i xDrive - AW - Retired 2011 E92 M3 - AW……………....ED April 29th, 2010 - Retired 2007 E92 335i -Space Gray.....ED Oct 19th, 2006 - Retired
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11-11-2008, 06:39 PM	#4
aznrr Private 22 Rep 54 Posts Drives: m3 Join Date: Oct 2008 Location: la iTrader: (0)	is it a dct or 6mt
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11-11-2008, 07:15 PM	#5
ismelllikepoop First Lieutenant 26 Rep 365 Posts Drives: m3 Join Date: May 2008 Location: pooptown iTrader: (1)	sounds like a manual transmission launch car. local dealer in upstate ny has an interlagos silver coupe 6mt they've had for a while at the same sticker of 67.2 and they've advertised 5k off on their website since may/june. they'll go as far as 7k off which i think is a great deal. either way even with all these big discounts and financing it's not like they are flying off shelves so i think you can get a bit more than 5k off.
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11-12-2008, 08:10 AM	#8
positiveions Lieutenant General 962 Rep 11,723 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	take it
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11-12-2008, 08:03 PM	#10
Ali.K_BMW Colonel 111 Rep 2,164 Posts Drives: 2020 BMW 330i xDrive Join Date: Aug 2008 Location: United States iTrader: (7) Garage List 2013 BMW 335i [0.00]	ugh. be careful actually. Its a good deal. make sure it wasnt beaten. __________________ Former BMW Client Advisor
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11-12-2008, 09:27 PM	#12
Ali.K_BMW Colonel 111 Rep 2,164 Posts Drives: 2020 BMW 330i xDrive Join Date: Aug 2008 Location: United States iTrader: (7) Garage List 2013 BMW 335i [0.00]	Well since it was the flagship demo, make sure it wasnt beaten up. __________________ Former BMW Client Advisor
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11-13-2008, 08:02 AM	#15
Ali.K_BMW Colonel 111 Rep 2,164 Posts Drives: 2020 BMW 330i xDrive Join Date: Aug 2008 Location: United States iTrader: (7) Garage List 2013 BMW 335i [0.00]	Take the 300 mile one. There's a warranty so if it iwas beaten you have a warranty
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11-13-2008, 12:40 PM	#19
fq1 Private 1 Rep 59 Posts Drives: 545i, 325i, X3 3.0 Join Date: Apr 2005 Location: US iTrader: (0)	Which "Blue" is the car? Interlagos or LeMans
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11-13-2008, 02:09 PM	#20
JMD0977 Captain 69 Rep 994 Posts Drives: 2010 GT3 and .... Join Date: Apr 2008 Location: I-95 iTrader: (6)	I redlined my dealers demo in every gear and hit 147MPH while my CA was in the car. The car had 120 miles. I would only give 60K for that demo. Then again 300 miles aint bad but you can do better that 62K.
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11-13-2008, 02:42 PM	#22
Ali.K_BMW Colonel 111 Rep 2,164 Posts Drives: 2020 BMW 330i xDrive Join Date: Aug 2008 Location: United States iTrader: (7) Garage List 2013 BMW 335i [0.00]	good choice. Cmon a CA (me of course), is telling an enthusiast not to take a demo, that means something? If you were tight on cash, then eya its a good deal, just make sure of warranty If you plan on keeping the car, and want to enjoy every bit of, NEW is the way to go. __________________ Former BMW Client Advisor
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