2008 M3 Cab - Deals?

[Karrera4]

Our local dealer has 5 08 M3's on the lot - at least a couple have been there since this last summer. We are contemplating trading in our 08 335 Cab that we leased in June 08 for one of the 08 M3 Cabs on their lot.

The sticker is 74.5K. They offered us 4,700 off. I think that is crazy for an "old" car now that they are obviously not moving in this market. I went out of town and happened to talk to another dealer who was knocking on the door of invoice on a similar car.

So, I called our dealer back and told them that and they said they just could't do that. Now, Im guessing he will be calling me back in the next day or so to see if we can make it work, but are they crazy!? I offered 66K...I dont want to go higher because I don't feel this market warrants it. As I told him, I have paid more than MSRP, I have paid MSRP, etc, but this is not that type of market and I believe paying more over invoice is crazy.

[a213b]

You should be aiming for WELL under invoice at this point ... ESPECIALLY on Cabs. It's the middle of winter, they are not moving AT ALL.

[Kev]

Try to find someone to take over your lease. If you traded it in, you will take a serious, serious hit on that.

[Karrera4]

Originally Posted by Kev

Try to find someone to take over your lease. If you traded it in, you will take a serious, serious hit on that.

Yea, we were doing this if it was going to be easy...we do have about 6K in negative equity according to the numbers they drew up.

He said they couldn't get to invoice or below "on this car"...what the hell does that mean? Why can some dealers do it and others cannot? I figure that car will be sitting on the lot for a while longer...so it would be in their interest to at least unload it while we are interested because in a few months they will have to heavily discount it anyways, right!?

[shakan]

At this point, 10K off would be more representative. 4.7 off? What were they thinking?

[Karrera4]

Originally Posted by shakan

At this point, 10K off would be more representative. 4.7 off? What were they thinking?

I agree. I don't know if they just assume were going to drop the $$ down on this car because we have in the past.

Also, I remember once learning about all the different "prices" that come into play with cars and dealerships. Invoice is not what they actually pay for it. Isn't there a number below invoice that is their "cost". How can I figure that out as well as the 08 invoice numbers?

Also, I must say I belong to several forums and this one is a wealth of info on M3 stuff. Very impressive forum here.

[reelgr]

below invoice deals on m3 2008 are happening everywhere right now..

[Karrera4]

Originally Posted by reelgr

below invoice deals on m3 2008 are happening everywhere right now..

ha, except my dealer obviously!

[ring007]

Originally Posted by Karrera4

ha, except my dealer obviously!

I got $1,000 under invoice on a fully loaded ($81k+) '08 SS/Beige convert with MDCT from European Motorcars last November and that was a car they had to go get in El Paso. They should be falling all over themselves to move one of their remaining stock units. Talk to Jonathan (he's been there forever and is very good. He completed my entire deal over the phone). They quoted me invoice the first time I called out of the blue. I would be surprised if you couldn't get $2-3k under invoice from Jonathan.

[Karrera4]

wow, PM sent.

[rrobert22]

Originally Posted by Karrera4

Our local dealer has 5 08 M3's on the lot - at least a couple have been there since this last summer. We are contemplating trading in our 08 335 Cab that we leased in June 08 for one of the 08 M3 Cabs on their lot.

The sticker is 74.5K. They offered us 4,700 off. I think that is crazy for an "old" car now that they are obviously not moving in this market. I went out of town and happened to talk to another dealer who was knocking on the door of invoice on a similar car.

So, I called our dealer back and told them that and they said they just could't do that. Now, Im guessing he will be calling me back in the next day or so to see if we can make it work, but are they crazy!? I offered 66K...I dont want to go higher because I don't feel this market warrants it. As I told him, I have paid more than MSRP, I have paid MSRP, etc, but this is not that type of market and I believe paying more over invoice is crazy.

Thats nuts, my local dealer has an 09 for 4k off, there were some around 8k off on ebay, i think they are in illinois, not too far from you, show this to your local dealer as you are ordering it. They will change their attitude.

[penny31]

I got offered 600 over invoice over the phone today on an 08 m3 sedan
. and they told me I couldn't find a better deal, then i laughed and hung up. Got a call back saying he'll try to do better

[penny31]

after he called back, he told me there was no such thing as an 2008 m3 . ROFl.