[RJC-1]

Do we know the changes from 23-24?

[Vic55]

Originally Posted by RJC-1

So lets say mileage is equal on both 23/24 how much diff on a $150k vehicle? $10K?

The 1YZ's are what's on the spec sheets my local dealer has coming in.

No idea--- dont know what the 24's will do or not do on lots- production will be key. But if the margins are a big deal to you, just wait if miles are equal. But then we get to close the thread

zero material changes in 24... lci was 23. (barely)

[RJC-1]

You don’t like my thread ? Lots of good info here.

Unless my dealer can get an extra timely slot for a 24, I may do the 23 I’m looking at and thread stays open for all to enjoy lol 😊

[hinckley]

Originally Posted by RJC-1

Agree, so here’s the rub an available 23,has what I want but with little discount -2k + loyalty and the 24 would be $2700 higher in msrp and currently 4-6 mos out at msrp…what would you do?

If the 23 is exactly what you want, a bit cheaper and available now, I'd probably go that way.

[Vic55]

Originally Posted by RJC-1

You don’t like my thread ? Lots of good info here.

Unless my dealer can get an extra timely slot for a 24, I may do the 23 I’m looking at and thread stays open for all to enjoy lol 😊

LOL you need to get out more and enjoy my humor---

I just like to kid ever since M850iGate.

[RJC-1]

Originally Posted by hinckley

If the 23 is exactly what you want, a bit cheaper and available now, I'd probably go that way.

Originally Posted by Vic55

LOL you need to get out more and enjoy my humor---

I just like to kid ever since M850iGate.

I do indeed and enjoy it, mine was a bit of humor coming back at ya.

Just found out loyalty of $1500 is only if leased or financed so that's now out on the '23 in my case. Did a lot of # crunching and the net diff purchasing between the 23 and 24 is about 6200, and the difference in estimated resale should be about 2000-3000 (total of ~$9000) more for the 24. The biggest difference is the 23 has the 811Ms which we luv but reg black leather, while the 24 has the orange/black which I like and the wifey doesn't as much, and it has 813M's but bicolored so there not quite as busy as the 813's in all silver.

I think the forum needs someone here that owns a BMW dealership or wants to buy one...how about this?

[hinckley]

I buy my cars as well, but I finance a small amount for a couple of months to get the $1500 loyalty cash. I talk to the finance guy directly about it. They not only don't care, but they'll lead you through the process. If you finance a portion of your car, you get a discount and your dealer gets an incentive. If you payoff the loan before three months, the dealer loses his incentive. So payoff the loan after the third month, you get your $1500, the dealer gets his incentive, and everyone's happy. I financed $5k for three months last year. Got my $1500.

[RJC-1]

Originally Posted by hinckley

I buy my cars as well, but I finance a small amount for a couple of months to get the $1500 loyalty cash. I talk to the finance guy directly about it. They not only don't care, but they'll lead you through the process. If you finance a portion of your car, you get a discount and your dealer gets an incentive. If you payoff the loan before three months, the dealer loses his incentive. So payoff the loan after the third month, you get your $1500, the dealer gets his incentive, and everyone's happy. I financed $5k for three months last year. Got my $1500.

My salesperson mention the 3 mo thing but did said I could just do a portion, if that's the case it may work out. I'll PM you shortly as i contacted who you suggested.

[Vic55]

Originally Posted by RJC-1

I do indeed and enjoy it, mine was a bit of humor coming back at ya.

Just found out loyalty of $1500 is only if leased or financed so that's now out on the '23 in my case. Did a lot of # crunching and the net diff purchasing between the 23 and 24 is about 6200, and the difference in estimated resale should be about 2000-3000 (total of ~$9000) more for the 24. The biggest difference is the 23 has the 811Ms which we luv but reg black leather, while the 24 has the orange/black which I like and the wifey doesn't as much, and it has 813M's but bicolored so there not quite as busy as the 813's in all silver.

I think the forum needs someone here that owns a BMW dealership or wants to buy one...how about this?

hahahaah best post ever ...

Now if I owned a BMW store and people here knew about, Id have zero new car gross. Id be a non profit center

1500 to some make sense and others say they dont want the inquiry or the trade line reporting (yep people are like that). So either car is not your perfect perfect but I think you are leaning to the 2023? Faster gratification?

[RJC-1]

Originally Posted by Vic55

hahahaah best post ever ...

Now if I owned a BMW store and people here knew about, Id have zero new car gross. Id be a non profit center

1500 to some make sense and others say they dont want the inquiry or the trade line reporting (yep people are like that). So either car is not your perfect perfect but I think you are leaning to the 2023? Faster gratification?

Thought you'd enjoy it

I'm going to get the final #'s on the 23 tomorrow and will go from there, also trying to get the wifey on board with the 24's Orange Crush interior (she's a cool lady and will do whatever I want, but nonetheless...)

Right now this car thing has me exhausted as I'm trying to run my business, deal with major real estate stuff, and remain reasonably sane at the same time lol

Appreciate all the input and advice from all here...THANK YOU!

[bloozemanAZ]

Originally Posted by RJC-1

My salesperson mention the 3 mo thing but did said I could just do a portion, if that's the case it may work out. I'll PM you shortly as i contacted who you suggested.

Unless BMW FS has special terms built into their financing loans you should be able to pay it off literally the month after it is processed. All you need to do is check the fine print in regards to any "pre payment penalty". Sounds like BMW FS has that set at anything less than 3 months.

Somewhat shady but guessing they are CYAing the loyalty $ but even if you pay off in 3 months you should be well ahead of the $1500 loyalty against the interest for 3 months. Just put $ down for 80% if not more and finance the rest for a 48 to 60 month loan. The interest on the 3 months will still keep you in the green from the loyalty cash.

[hinckley]

Originally Posted by bloozemanAZ

Unless BMW FS has special terms built into their financing loans you should be able to pay it off literally the month after it is processed. All you need to do is check the fine print in regards to any "pre payment penalty". Sounds like BMW FS has that set at anything less than 3 months.

BMWFS has no pre-payment penalty. As you say, the loan can be paid off the month after it's processed. The 3-month wait thing is a courtesy to the dealership so that they don't lose their BMWFS incentive for "selling" a financing agreement.

[Vic55]

Originally Posted by bloozemanAZ

Unless BMW FS has special terms built into their financing loans you should be able to pay it off literally the month after it is processed. All you need to do is check the fine print in regards to any "pre payment penalty". Sounds like BMW FS has that set at anything less than 3 months.

Somewhat shady but guessing they are CYAing the loyalty $ but even if you pay off in 3 months you should be well ahead of the $1500 loyalty against the interest for 3 months. Just put $ down for 80% if not more and finance the rest for a 48 to 60 month loan. The interest on the 3 months will still keep you in the green from the loyalty cash.

you got it----

There is no charge back for loyalty as that is a factory FS to customer payout and the dealer gets none of it. All the dealer does is get reimbursed for the deduction in the sale. They get that no matter what the time period of an early payoff is or isnt.

BMWFS only has chargebacks at 90 days on reserve's made via apr bumps or lease bumps but not on flats.

Reserve is when there is a markup on the lease mf or retail apr...

EG: contract rate is 7.99 but FS buys the deal at 6.99; the dealer makes 100 basis points of the margin but then there is a split of that certain dollar amount (I can tell you more but its boring).

The same works for the lease- EG buyrate at .00185 and dealer contracts it at .00225 (max FS bump is .0004). The dealer gets the margin times a split in reserve.

Both of these instances are subject to an early payoff which can lead to a chargeback on their net monthly reserve statement when or if that occurs.

Flats are unique small fixed dollars (based on amf) allocated to each contract if the buy and contract rates are equal. These are not charged back for early pays. BMWFS has a weird ass flat payout--- 5 dollars for every 1000 dollars of amount financed so if one finances 100k, and there is not markup on rate, the flat to the dealer is 500 bucks.

Ok back to our regulary scheduled program

[snowbimmer]

Sheeeee.

Whew!

[hersh67]

Wheel sizing is definitely a typo. Someone else ordered 1YZ on here, and confirmed that its indeed 20x9.5 and 20x10.5

[RJC-1]

Originally Posted by hersh67

It is a typo. Someone else ordered 1YZ on here, and confirmed that its indeed 20x9.5 and 20x10.5

Thanks for the clarification

[RJC-1]

Originally Posted by Vic55

you got it----

There is no charge back for loyalty as that is a factory FS to customer payout and the dealer gets none of it. All the dealer does is get reimbursed for the deduction in the sale. They get that no matter what the time period of an early payoff is or isnt.

BMWFS only has chargebacks at 90 days on reserve's made via apr bumps or lease bumps but not on flats.

Reserve is when there is a markup on the lease mf or retail apr...

EG: contract rate is 7.99 but FS buys the deal at 6.99; the dealer makes 100 basis points of the margin but then there is a split of that certain dollar amount (I can tell you more but its boring).

The same works for the lease- EG buyrate at .00185 and dealer contracts it at .00225 (max FS bump is .0004). The dealer gets the margin times a split in reserve.

Both of these instances are subject to an early payoff which can lead to a chargeback on their net monthly reserve statement when or if that occurs.

Flats are unique small fixed dollars (based on amf) allocated to each contract if the buy and contract rates are equal. These are not charged back for early pays. BMWFS has a weird ass flat payout--- 5 dollars for every 1000 dollars of amount financed so if one finances 100k, and there is not markup on rate, the flat to the dealer is 500 bucks.

Ok back to our regulary scheduled program

Excellent info

[bloozemanAZ]

Originally Posted by RJC-1

Excellent info

As always from the car whisperer. 👍

[M8Bimmer]

for the record...i'm not funny

[snareman]

Originally Posted by Vic55

hahahaah best post ever ...

Now if I owned a BMW store and people here knew about, Id have zero new car gross. Id be a non profit center

1500 to some make sense and others say they dont want the inquiry or the trade line reporting (yep people are like that). So either car is not your perfect perfect but I think you are leaning to the 2023? Faster gratification?

You could be like Mark Cuban and his pharmacy company. Little profits. Expensive cars for the people.

[LSM]

To OP main question, I’d wait for a 2024 which no doubt when arrives we should have an even softer market for the M8.

Paying cash I’d want a 1 year model newer which is worth more. And as mentioned I expect much bigger discounts by the time your 2024 arrives

[RJC-1]

Originally Posted by LSM

To OP main question, I’d wait for a 2024 which no doubt when arrives we should have an even softer market for the M8.

Paying cash I’d want a 1 year model newer which is worth more. And as mentioned I expect much bigger discounts by the time your 2024 arrives

Was my thinking as well, but I'm able to save about $6,200 ($2700 price diff, loyalty and a minor discount) on a 23 vs the 24, and the 23 is now due in any day, so that would save me 3 mos of lease payment on my M850 for another $3600, minus say 5% interest on the 150k for those three mos which is about $1900 so the net difference is $7300 for the 23 which is almost about the difference in value between the two model years (I'm guessing that actual # is $10,000)

Discounts on 24's where I live are not happening, but I'd imagine over the summer it might be different.