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BMW 3-Series (E90 E92) Forum
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2500 winter cashback
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12-22-2009, 10:31 PM | #1 |
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2500 winter cashback
All this is new to me as I've never purchased a new car before.
Any help would be greatly appreciated. I am looking to purchase a 2010 335ix sedan with: -metallic paint -dakota leather interior -sport package -cold winter package MSRP $47,475 Invoice $43,700 (from edmunds.com) A dealer quote me $42,300 to include the $2500 winter cashback (and financing with BMW). 1) Does the dealer make anything from the $2500 cashback or it's transparent to them? 2) Should I be negotiating as close to invoice before getting the $2500 cashback? With ED, the dealer got the price to $40,900. This means I'm only saving additional $1,400 from the first price he quoted. 3) Shouldn't it be $2,960 savings as stated on the bmw website? MSRP $42,300 ED MSRP $39,340 Savings $2,960 Thanks in advance. |
12-24-2009, 10:21 AM | #3 |
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Deals vary be region, but in general this looks like a good deal ($1,100 over Invoice, plus the additional $2,500 BMW Finance cash back offer). This is a better deal than I got, but pricing tends be higher where I live (Dallas) and I still came in a few hundred better the Edmund's FMV for my car.
I got my 2010 E90 335i for $1,801.50 over invoice. - MSRP: $54,332.84 - Invoice: $50,313.95 - Negotiated Price: $52,115.00 Negotiated price is before the $2,500 BMW Finance cash back offer and the BMW Car Club of America $500 rebate, so my final price before TT&L will be $49,115. Specs for my E90 335i: - Jet Black - Oyster and Black Leather - Light Burl Walnut Trim - Sport Package - Premium Package - Automatic Transmission with Paddle Shifters - Navigation - Logic 7 Sound System - iPod and USB Adaptor - Heated Seats - Comfort Access - BMW Performance Power Kit ($2,372.50 MSRP for Port Install) - BMW Performance Aluminum Pedals ($235.34 MSRP for Dealer Install)
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12-24-2009, 02:37 PM | #4 |
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Drives: 2016 BMW 340i
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I paid $750.00 over invoice back in May 2007 in Houston for my 328i and it was not a car on the dealers lot. I reckon you can do about the same if not better now.
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12-25-2009, 10:22 AM | #5 |
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Thanks for the info guys!
The negotiated price will vary depending on dealer so I've still got lots homework and legwork left to do. To me the $2500 cashback is good reason to buy and the dealers all quote me numbers that include this cashback. When you look at it, it's still $1k over invoice before 2500 cashback is deducted. As everyone else, I want to get the best price possible. Dealers are using the cashback incentive to tell customers their number is below or close to invoice. The seems like a good deal but we pay the tax on it first before the cashback amount is deducted plus now have to finance with BMW. I think this cashback just makes it easier on the dealers to come back to customers to as close to invoice price as possible. I read the forums that people are getting cars for$500 plus over invoice. I'm not sure this is possible with the current cashback program. Sigh.. I guess it all comes down to what each person is comfortable with paying for it and how much they willing to negotiate. Happy Holidays!! |
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12-25-2009, 11:12 AM | #6 |
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You should be able to get to at least 500 to 1000 over invoice BEFORE the cashback incentive. Some have even gotten right at invoice before cash back. I wouldnt accept any deal from a dealership that is already using the cashback bonus to get there price close to invoice.
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