Quote:
Originally Posted by LakeSurfer
Quote:
Originally Posted by bloozemanAZ
Quote:
Originally Posted by LakeSurfer
That extra $5,000 would really hurt when you're already spending $150,000 plus?
I could understand the "deal" if it was filtered to the lower models but..... some of you are sold now to save $5k?
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Can't speak for everyone but one option on the table for my 2020 M850i included Verde Ermes as a custom Individual exterior for $5K. Besides the fact that I'd have to give up my #1 interior choice of Fiona Red/Black for either Cognac or Tartufo/Black the fact that it was just an additional $5K of total depreciation the second I took delivery made me walk away from it.
That was on a $127K car and if given the option for free I would have done it. So I understand the interest from anyone in the M8 GC market to take advantage of the offer. We all work hard for our money and the simple rule to gaining wealth is "live below your means" or at least not wasting a dollar that can be spent elsewhere. |
Ok, I get it if you're buying a $50k car that makes sense to me and yeah no matter the wealth or income people generally wouldn't throw money out like that, however, if you cared that much about such a small amount of money (in comparison to the price of the car) then why would you even consider buying a new car?
New cars depreciation rate for the first month alone can be up to 10% and buy the end of the 1st year you can add another 10-20% to that. For a luxury car it's probably on the higher side of things. So worst case you lost $40k in 1 year of ownership. I just can't see someone that frugal would buy/order a new car. I think it's out of spite or something else.
Another note, 99% of cars are terrible investments so why would you even look at it any different? If you buy a car, any car, you lost money.
It's a silly marketing gimmick. If you don't think that BMW is squeezing that individual paint out of you somehow than you're crazy. They'll make up for it by marking up the car in other areas. It's pretty easy to hide $5k in a 6 figure Coupe. Also to generalize, people are not that bright for the most part. If you sold a gallon of milk for $20 and told everyone that this is on sale from $50, people will still buy it.
At the end of the day for probably most if not all cases, if someone has the means to purchase an individual paint 850, regardless if it's $5k or not they're going to fulfill that purchase.
This is just a marketing gimmick to give more notice to a car that is sort in the shadows. |
also in response to your 5k, not everyone that buys 6 figure cars throws money around. 5k is a lot, and I didn't want the carbon fiber or B&W stereo because that was 5k over my price. while I'm glad I got them, I was able to negotiate a better price.
For some of us entrepreneurs that built a business and worked hard to get that $140k, we don't want to throw it away. Spending money on unnecessary stuff is a quick way to lose money. options are a guarantee 0, unless you lease which is a different topic.
I bought a 2019 m850i convertible (msrp with fees 135k+) fully equipped for a bit over $110k delivered to me. without options it probably would have been $100k. if I added 5k paint, it would have been $115k. In all 3 cases, now that the 2020 models are out, I bet my car is probably $90k. unless you find the right private buyer, all of the cars are probably $90k.
I'd rather lose $10k, vs $20 or $25k and especially not $45k. The key to avoiding depreciation on a brand new car is to get 0 options and $0 addons; and also negotiate a price well under msrp at least 20%. it's not always possible but it's the goal.
still depreciation, but less. also sometimes if you wants something new, there is no alternative. like a 2019 m850i there was nothing equal for the price. in 3 years, you can buy an off lease one but you have to wait until 2022 or 2023.