05-03-2020, 08:22 PM | #23 | |
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05-04-2020, 06:23 AM | #24 |
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Wow. Lots of great replies, thanks everyone.
The dealer that had quoted me 93+ is now quoting me 95, so that ticked me off. I did more Internet searching on Sunday, and found just a crapload of used coupes for sale. They also get hammered in resale. I think the advice to wait is spot-on. I'm in no hurry. As for advice to get something more sporty, that was where I started. This would be replacing the M2, which is very sporty and fun to drive. The 8 was kind of a recognition that I'm getting older, and it is difficult and annoying to get into low sports cars with stiff suspensions and an uncomfortable ride. I've BTDT with those things. And it looks like I'll be working from home for yet another month, which means I only drive to the grocery store (about 2 miles away) since my gym is closed. Kind of hard to justify any car, much less an expensive spare one, at this point. Thanks again everyone.
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05-04-2020, 06:35 AM | #25 | ||
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I couldn't find anything (except for coupes) that cheap. The sold one that you listed was $85K.
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05-04-2020, 06:37 AM | #26 | |
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I drove the M8 last week. OMG.
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05-04-2020, 08:29 AM | #27 | |
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in response, yes I've seen prices actually going up as States start to reopen and people are going back to work. Prices bottomed out a couple weeks ago, but are now actually going up. . |
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05-04-2020, 12:52 PM | #28 |
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Well, as it turns out, it's a good thing I didn't make a deal on one, because the buyer of my M2 just backed-out (furloughed spouse). It would not have been prudent to have so many cars.
Yeah, yeah, I know, I should have waited until the car was actually gone, but I was sure that he was going to go through with it, and I thought perhaps that this would be the best time to buy. Fate?
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05-04-2020, 03:01 PM | #29 | |
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05-04-2020, 09:52 PM | #30 |
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Wholesale on 2019 M850i vert is around 80k. I don't know how great a deal 93-95k is on a car that after 500 miles is worth 80k.
Maybe you can find similar lease payment on a 2020 when you residualize options it's not much more money per month and you get good options
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05-05-2020, 07:58 AM | #31 | ||
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But that's a huge difference. So I'm not following your logic.
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05-05-2020, 08:15 AM | #32 | |||
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Also, interesting side note, for a while last month I was looking at a Ferrari and the dealership here offered full MSRP for my 2019 BMW M850i if I traded it for a new Ferrari with 15% off MSRP on the new one. If my wife wasn't such a pain in the @&$ then I would have done the deal. |
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05-05-2020, 08:54 AM | #33 | |
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The depreciation (as you know so well) is brutal on these things, and leasing provides me some protection, or at least a floor, on that. It's difficult to lease a used car. But we don't really know what he meant exactly.
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Sounds like there's quite a margin on the Ferrari, no surprise. Maybe if your wife can ride in the F without vomiting, that will help change her mind. I could probably help you rationalize that trade, if you require assistance. I once rationalized a trade-in because the old car needed tires. Or as that character from "The Big Chill" said, "Don't knock rationalization; where would we be without it? I don't know anyone who could get through the day without two or three juicy rationalizations."
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05-05-2020, 10:38 AM | #34 | |||
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05-05-2020, 10:56 AM | #35 |
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Thanks bud. I guess what I'm confused about is that you say that I can get a newer car, with more options, for the same lease payment as last year's car with no options, and I'm just not understanding how that works. I can get the 2019 for $95K (actual selling price) and you think I could do better with a well optioned 2020? Yes, I'd love to do that, but I don't get how.
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05-06-2020, 04:43 AM | #36 | ||
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here's an article. looks like Ferrari uses 25% profit margins. https://www.cnbc.com/2020/05/04/ferr...acebook%7Cmain |
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05-06-2020, 09:48 AM | #37 | |
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Or my other point was simply buy a lightly used 2019 for cheap.
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05-06-2020, 10:57 AM | #38 | |
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Yes, I can buy remotely, I've done that before and it doesn't scare me. But I don't know where the best deals would be, and there are literally hundreds of dealers to go to, and of course, all the time required to negotiate since their "best price" initially, is never their best price. But I'll run it by my local SA and see what kind of deal he can work on a 2020. Ya never know...
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05-06-2020, 11:02 AM | #39 | |
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So, I guess cars (at least some cars) are still selling well, because I know I saw some no more than 2 weeks ago. Hence the difficulty in getting a good deal. That's OK. I can wait.
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05-06-2020, 08:08 PM | #40 |
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If you want to save money (why not?) you can look for the cars available from dealers throughout the US! They will ship and you can service it at your local dealer. I have purchased BMW at $8k less by buying away from my DC home. My M6 was purchased from BMW of Monterey in CA... there are quite a few in stock throughout the US. Good luck!
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05-06-2020, 08:16 PM | #41 | |
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cargurus or autotrader can display nationwide with some showing new '19's @ ~$30k off from the get go...
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05-06-2020, 11:15 PM | #42 |
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@LuvMyE92 there's a guy I saw on this forum supposed give incredible lease deals and handles everything. He's a sponsor. I have never dealt with him but some board members spoke of some pretty great deals. 20% off plus incentives. Next Level Auto Brokers is his username
As far as my locale, BMW's get them all from a dealer not in my state. He's my best friend so always gives me great deals. Porsche came from my Porsche contact ive had for years also not in same state as I am
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05-08-2020, 07:53 AM | #43 |
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So here's the deal...
The best latest price I got from one of my dealers on the leftover new 2019 M850i convertible, zero options, was $1000 down with a lease payment of $1066. 3 years, 7500 miles. I seem to recall a better offer from him last month, at $1022 nothing down, but they aren't honoring it, and I can't find the email. I strongly suspect that if I show up there pen in hand ready to sign, they'll drop that $1000. They're about 90 minutes from home.
Last night I got another offer from another dealer, this car has the driving assistant professional yada, yada, yada package and neck warmers (which I suspect would be nice, as I do enjoy driving with the top down regardless of the temperatures) for nothing down, same terms, $966 a month lease. First month's payment due at delivery, natch. The problem with that last one, despite the awesome price, is that I was misled to believe that it was a new car. Apparently it was a service loaner. I think we all know how they are treated. I haven't heard back yet how many miles it has on it. My local dealer typically puts a few thousand miles on service loaners before putting them up for sale. Also, I don't get my BMW CCA rebate on a loaner, and I don't qualify for the incentive that BMW is offering to waive the first two payments. So the net result is that the difference over three years between the two cars is only a few hundred dollars, in favor of the loaner. Curious am I to hear current owners' thoughts on these two deals. The additional options on the loaner are nice, but not necessary, i.e. I'm not willing to pay for them. Both cars are white, the expensive one has a black interior, the loaner has the brown "cognac" seats. I don't care for either, but leaning toward the lighter color. I'm not in a hurry, and I'm waiting for the sale of my M2 to complete before doing it. Hopefully if not today then early next week. My first buyer had to backout, so I'm gun shy.
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05-08-2020, 08:20 AM | #44 |
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At this point, I am thoroughly confused about what the various driver assistant packages had, have and still have. But if you'd be getting the entire suite, it probably would include 360-degree cameras, which conjure an overhead view that you'd soon become addicted to while parking.
Also, the neck warmers - though not particularly powerful - are nice to have. And, strictly imo, white/cognac is a more attractive combo than white/black. So, if your other concerns (loaner/mileage/condition) are satisfied, the options available through door No. 2 might make an affirmative difference.
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