[Ducatista4life]

I am thinking I may have found the car. She's black on black M8GC with driving assistant, driving pro, and comfort seating. Secretly, I was hoping for the B&W system or even a comp, BUT I am sure I will have plenty of smiles without the badges.

Here is the deal..

36mo/10k mi
MSRP of 136k discounted down $14.5k
.00126 MF
Max MSD
DAS $3586 with 1st mo payment
$1562ish monthly

We're still trying to figure tax situation out with SC, (out of state dealership) but I am thinking its a sales tax fee of $500 max with property tax being at 6%. The property should be collected yearly, not added to the payment correct? If it is added to the payment, would be a first for me.

Here is the dilemma.. There is a 2022 M8 GC Comp showing up to a local dealer in a few weeks. I'm first in line for the shot at it. It has all the same features as the above car, but with the Competition package. It is also the SAME MSRP.. Unfortunately, this car doesn't have any sort of discounts off of MSRP due to being one of the first in the country. I mean.. Even if it was 5% off, it would be $17xx range for payments, I feel as if that may justify the difference right? Whereas this car is at $15xx. Anyhow, just my thoughts, this will be my first time going with BMW, so it has been a fun one learning all of the ins and outs of their process.

[Wolfman64]

Originally Posted by Ducatista4life

I am thinking I may have found the car. She's black on black M8GC with driving assistant, driving pro, and comfort seating. Secretly, I was hoping for the B&W system or even a comp, BUT I am sure I will have plenty of smiles without the badges.

Here is the deal..

36mo/10k mi
MSRP of 136k discounted down $14.5k
.00126 MF
Max MSD
DAS $3586 with 1st mo payment
$1562ish monthly

We're still trying to figure tax situation out with SC, (out of state dealership) but I am thinking its a sales tax fee of $500 max with property tax being at 6%. The property should be collected yearly, not added to the payment correct? If it is added to the payment, would be a first for me.

Here is the dilemma.. There is a 2022 M8 GC Comp showing up to a local dealer in a few weeks. I'm first in line for the shot at it. It has all the same features as the above car, but with the Competition package. It is also the SAME MSRP.. Unfortunately, this car doesn't have any sort of discounts off of MSRP due to being one of the first in the country. I mean.. Even if it was 5% off, it would be $17xx range for payments, I feel as if that may justify the difference right? Whereas this car is at $15xx. Anyhow, just my thoughts, this will be my first time going with BMW, so it has been a fun one learning all of the ins and outs of their process.

The real MF is 00086 MF so they are applying the full markup. Tell them to drop it down to base.

I haven't looked at the 21 M8 GC discounts so I let others comment on that.

[Ducatista4life]

Originally Posted by Wolfman64

The real MF is 00086 MF so they are applying the full markup. Tell them to drop it down to base.

I haven't looked at the 21 M8 GC discounts so I let others comment on that.

Where is it that you find the real MF listed? Other then on here of course.

[Wolfman64]

Originally Posted by Ducatista4life

Where is it that you find the real MF listed? Other then on here of course.

I think Edmunds is a good source. You can look up any BMW as the MF is the same, unlike other brands...

[pookiemalibu]

Originally Posted by BMW Lunatic

In general all BMW year end models tank on March 31st ( unless there are plenty of units around the country still on the ground then they extend it to wipe it out with extra monies )

2020 m8 lease programs will end March 31st . Great time to grab one for 25% off MSRP all in easy if not more .

All 2020 models lease programs end March 31st. Great time to buy executive demos 2020 models 25-30% off MSRP .

So is it better to buy before the lease support ends or after?

[BMW Lunatic]

Originally Posted by pookiemalibu

So is it better to buy before the lease support ends or after?

If leasing by March 31st

If u want to buy April might be able to squeeze a little more.

[240SXFAN]

The big discounts on 2020s some got basically brings the pricing on par with 2022s. Strictly speaking it is not much of a discount to what money buys today!

[unfoundnemo]

Originally Posted by 240SXFAN

The big discounts on 2020s some got basically brings the pricing on par with 2022s. Strictly speaking it is not much of a discount to what money buys today!

It's all about the bigger discount if you're leasing, though. Inflate that MSRP all you want if you're going to keep the residual at the same percentage yet sell if to me for the same price.

[997usa]

Placed an order for the 2022 M8 Comp Conv.

[limeypride]

Originally Posted by 997usa

Placed an order for the 2022 M8 Comp Conv.

Cool!

How much was the build?

[240SXFAN]

Originally Posted by unfoundnemo

It's all about the bigger discount if you're leasing, though. Inflate that MSRP all you want if you're going to keep the residual at the same percentage yet sell if to me for the same price.

Same percentage residual on a higher MSRP equates to a higher nominal depreciation amount. Basically you are paying more to rent the car for 3 years in a lease.
So all the games are in the cap reduction, which is the amount that comes straight off your lease depreciation total.

[unfoundnemo]

Originally Posted by 240SXFAN

Same percentage residual on a higher MSRP equates to a higher nominal depreciation amount. Basically you are paying more to rent the car for 3 years in a lease.
So all the games are in the cap reduction, which is the amount that comes straight off your lease depreciation total.

Correct, which is why if they're going to sell the car to me for the same price, I would rather that come in the form of a cap reduction than a lower MSRP. No matter what the residual, the cap reduction will be greater than the difference in nominal deprecation of the same rise in MSRP.

[240SXFAN]

Originally Posted by unfoundnemo

Correct, which is why if they're going to sell the car to me for the same price, I would rather that come in the form of a cap reduction than a lower MSRP. No matter what the residual, the cap reduction will be greater than the difference in nominal deprecation of the same rise in MSRP.

Exactly my point in the initial post. Cap reductions are a toss up in terms of what deal you get and who gets it (search costs are non-trivial), while in the latter case anyone can get the pricing as long as MF markups are taken care off.

[Jason]

Updated with April 2021 program - no changes.

[becker800]

Originally Posted by Ducatista4life

Should be posted above in a link. 10k miles/36 mo was 2192.
12k miles/36mo 2229
15k miles/36mo 2301

This payment still seems high. Even paying full $134,000 price with absolutely zero incentives it should be $1899 + taxes unless your taxes are that much higher.

A local dealer told me there is $8k lease credit on 2021 M8 GC. I dont see it actually shown anywhere, is this accurate?

[Ducatista4life]

Originally Posted by becker800

This payment still seems high. Even paying full $134,000 price with absolutely zero incentives it should be $1899 + taxes unless your taxes are that much higher.

A local dealer told me there is $8k lease credit on 2021 M8 GC. I dont see it actually shown anywhere, is this accurate?

Correct, this is a high payment. There was no lease credit or incentives on the 2022 when initially reaching out. I wouldn't say the taxes are higher in SC, I believe it was a MF issue for sure. I went through about 10-12 different dealers and SEVERAL of them had a markup with regards to MF. Either way, I think I'll be waiting for a 2022 to have some discounts applied prior to doing a deal, not to mention I think the carbon bucket seats are calling my name.

[xmanpro]

Those m8 carbon seats are stupid legit

[becker800]

Originally Posted by Ducatista4life

Correct, this is a high payment. There was no lease credit or incentives on the 2022 when initially reaching out. I wouldn't say the taxes are higher in SC, I believe it was a MF issue for sure. I went through about 10-12 different dealers and SEVERAL of them had a markup with regards to MF. Either way, I think I'll be waiting for a 2022 to have some discounts applied prior to doing a deal, not to mention I think the carbon bucket seats are calling my name.

Right but is there an actual $8k lease credit on the 2021's? I dont see it listed anywhere so im not sure the sales guy is accurate

Ive offered this on a 2021 M8 GC

MSRP - $137,745

Selling price $121,000

incentives, - $3k loyalty and $8k Lease credit which is what I was told
Takes price down to $110k.

Payment low $1200's + sales tax. Others on swap a lease offering $1250-$1325 payments for similar but there isnt many 2021's left.

But why go higher if they are going to give Competition package for free now.

[Ducatista4life]

Originally Posted by becker800

Right but is there an actual $8k lease credit on the 2021's? I dont see it listed anywhere so im not sure the sales guy is accurate

Ive offered this on a 2021 M8 GC

MSRP - $137,745

Selling price $121,000

incentives, - $3k loyalty and $8k Lease credit which is what I was told
Takes price down to $110k.

Payment low $1200's + sales tax. Others on swap a lease offering $1250-$1325 payments for similar but there isnt many 2021's left.

But why go higher if they are going to give Competition package for free now.

That seems like a good price to me, I mean most of the M8 GC Comps I was offered the past two weeks were on average 10% off and typically the payment was $1.7k or so. I opted to wait for the same reason you're thinking, just get the comp package for "free". But, the 2022s probably won't have the incentives these had as mentioned by some of the others above and on another thread.

[xmanpro]

I suspect monthly's will still be in the same range. BMW/FS will probably mess with residuals etc.

I dunno!

Weird to me that they are dropping the msrp by this much; there is probably a play here and long term strategy imo.

[becker800]

Originally Posted by Ducatista4life

That seems like a good price to me, I mean most of the M8 GC Comps I was offered the past two weeks were on average 10% off and typically the payment was $1.7k or so. I opted to wait for the same reason you're thinking, just get the comp package for "free". But, the 2022s probably won't have the incentives these had as mentioned by some of the others above and on another thread.

Yeah the 2022 definitely wont have the lease credit but still, they have to make it worth it to jump into a 2021 instead of getting the 2022 with Comp for a little higher.

I have a call with the manager today, will see if they will accept it.

[becker800]

Managers best offer was

MSRP - $137,745
Selling price - $114,745 (taking off $3k loyalty). The $8,000 was just cash they are allowed to use, it wasnt an actual BMW incentive.

So basically the discount off the vehicle was $20,000 + $3k loyalty.

Payment comes to around $1420 + taxes.

Any opinions on that?

I do have a X5 thats 8k under my allowed mileage thats ending in June, they should be able to profit off that with it being under mileage, I could use that as an additional bargaining chip.