[emcee1011]

I figured I was lucky with what I got. Chalked it up to a bad time for buying but had decent equity in my used vehicle since the used market is still out of whack.

I factory ordered through Ford in 2018 and it was totally different experience. Getting discounts was easy since lots were loaded with cars pre-pandemic. My order was a true custom order back then.

[M2Crew]

Originally Posted by emcee1011

They aren't really custom orders though. You are basically just intercepting allocated lot orders for the dealer themselves and just changing the build to your own. Dealers know the cars are hard to get and can sell them at a premium. I couldn't imagine getting a $2000+ discount on this car where I live (eligible discounts not included of course).

Originally Posted by MPR

Yeah it's not like these cars are collecting dust on the lots, they are in 'high' demand, I don't see a reason for them to discount. Speaking from no car salesman experience here.

I’m talking about allocations in 111 and 112 status. Dealers are getting allocations monthly. As great a product as the G42 is, it isn’t limited nor rare and is intended for volume production.

Buy bids from multiple online and brick-and-mortar dealers tell the story. Commitments to write checks (no trade in) cut through the talk and tell you exactly where professionals think the market is. I’ve been in and out of several new BMWs over the past 18 months and know what quotes look like on the true insufficient-supply models. I took my M240i to CarMax 3 times over the past 2 months. I submitted to Carvana/Shift/Vroom more times than I can count. I’ve offered my car to multiple dealers, franchise BMW and luxury independent. I’ve also done the same with a base G82 during a similar period. While it didn’t take me long to get an over-MSRP bid for the M4 (high end franchise non-BMW dealer), I only got one bid within $5k of MSRP of my much-cheaper $56k G42, and that was from a friend who basically was giving me a “bro-deal.” And it was literally $51k and change. Every other bidder wanted to pay $10k or more back of MSRP for my month-old M240i.

Market conditions are obviously always subject to change, so who knows if the dealer bids will improve and line up better with a “these cars sell for sticker or more” story. I’m actually already thinking of re-ordering an M240i, so I’ll report back on my results should I decide to move forward with that.

[MPR]

Reordering a car you just sold?

[OriginalFake]

Originally Posted by M2Crew

I’m talking about allocations in 111 and 112 status. Dealers are getting allocations monthly. As great a product as the G42 is, it isn’t limited nor rare and is intended for volume production.

Buy bids from multiple online and brick-and-mortar dealers tell the story. Commitments to write checks (no trade in) cut through the talk and tell you exactly where professionals think the market is. I’ve been in and out of several new BMWs over the past 18 months and know what quotes look like on the true insufficient-supply models. I took my M240i to CarMax 3 times over the past 2 months. I submitted to Carvana/Shift/Vroom more times than I can count. I’ve offered my car to multiple dealers, franchise BMW and luxury independent. I’ve also done the same with a base G82 during a similar period. While it didn’t take me long to get an over-MSRP bid for the M4 (high end franchise non-BMW dealer), I only got one bid within $5k of MSRP of my much-cheaper $56k G42, and that was from a friend who basically was giving me a “bro-deal.” And it was literally $51k and change. Every other bidder wanted to pay $10k or more back of MSRP for my month-old M240i.

Market conditions are obviously always subject to change, so who knows if the dealer bids will improve and line up better with a “these cars sell for sticker or more” story. I’m actually already thinking of re-ordering an M240i, so I’ll report back on my results should I decide to move forward with that.

I talked to about 20 different dealerships (including one that I've been doing business with for almost the last 10 years) and no one was budging from MSRP.

[Beware-of-the-Phoggy]

Originally Posted by Bulldog 6

Did you ask the dealer if BMW is offering incentives for financing with them? I got $2K off and my deal gave me and additional $500 off and a vest lol when I asked; probably because I have been going there since 2007 and have three BMWs serviced there now.

Only negotiating I managed around financing was getting them to wipe away the extra +1% they were charging on top of BMW finance rate.

[MPR]

How did you determine they were adding on a percentage?

[emcee1011]

Originally Posted by MPR

How did you determine they were adding on a percentage?

BMW offers 2.9% APR, directly from their website. Dealer was just being greedy.

[Beware-of-the-Phoggy]

Originally Posted by emcee1011

BMW offers 2.9% APR, directly from their website. Dealer was just being greedy.

Exactly. Initial quote was 3.9%. As soon as I said to write up the paperwork assuming I'll have a loan from another lender, they said they'd remove the extra point and I'd get 2.9%.

Of course the car probably won't be here until that rate is no longer locked/available from BMW Finance, but we'll see.

[emcee1011]

Originally Posted by Beware-of-the-Phoggy

Exactly. Initial quote was 3.9%. As soon as I said to write up the paperwork assuming I'll have a loan from another lender, they said they'd remove the extra point and I'd get 2.9%.

Of course the car probably won't be here until that rate is no longer locked/available from BMW Finance, but we'll see.

My dealer did the same to me after I said I would be going with a credit union.

[g42bmw]

Originally Posted by Beware-of-the-Phoggy

Exactly. Initial quote was 3.9%. As soon as I said to write up the paperwork assuming I'll have a loan from another lender, they said they'd remove the extra point and I'd get 2.9%.

Of course the car probably won't be here until that rate is no longer locked/available from BMW Finance, but we'll see.

Same, initially offered 3.99%. But I was able to get them to go with the official rate of 2.99%.

[emcee1011]

Sounds like it's SOP. Didn't know you were allowed to raise APR at will. I'm pretty sure at least one or two other brands don't allow it.

[earthie1]

I got 2k cash discount, do you think it's possible to push down any lower than that?

[02M3ForMe]

Originally Posted by earthie1

I got 2k cash discount, do you think it's possible to push down any lower than that?

Nice! On an order or in-stock unit?

[earthie1]

Originally Posted by 02M3ForMe

Nice! On an order or in-stock unit?

On an in-stock unit! Well it's shipping here in a few days. Called and ask about possible discount and they say that they can give 2k discount. Do you think it would be wise for me to push it more than 2k or is this already generous in this time and period?

[02M3ForMe]

Originally Posted by earthie1

On an in-stock unit! Well it's shipping here in a few days. Called and ask about possible discount and they say that they can give 2k discount. Do you think it would be wise for me to push it more than 2k or is this already generous in this time and period?

Usually, previously offered concessions remain on the table as long as everyone remains friendly and respectful. That $2k should be locked in. I’d push until they give you a firm no.

[oasis3582]

Originally Posted by earthie1

On an in-stock unit! Well it's shipping here in a few days. Called and ask about possible discount and they say that they can give 2k discount. Do you think it would be wise for me to push it more than 2k or is this already generous in this time and period?

I would just take it! 2k in this market is pretty great!

[blkbtyM2C]

Does anyone know if the OL code we receive at places like UDE are buyer specific? Or can I get a code and give it to a friend?

If they are not buyer specific does anyone have a spare? Would be glad to share mine in about 2 weeks

[jaj1]

Originally Posted by blkbtyM2C

Does anyone know if the OL code we receive at places like UDE are buyer specific? Or can I get a code and give it to a friend?

If they are not buyer specific does anyone have a spare? Would be glad to share mine in about 2 weeks

Yes, they claim to be buyer specific and are to be used by the UDE participant or a household member.

[Littlecoupe]

I was able to get right away 1% off the posted lease rate due to loyalty and $2000 off MSRP without deep negotiation on a factory order. I had equity on my F22 lease, so I rolled that into the new car as trade equity (yes, I know, stupid to do on a lease; needed the payment lower).

During the final paperwork signing on delivery, my new car residual worsened by 2% while I waited for delivery but I held the dealer to the originally negotiated monthly payment. It ended up being less equity on the trade but the paperwork showed 2% off the advertised lease rate and still had my $2000 off MSRP. There were no officially listed discounts on the G42 in Canada that I could find on the main website.

The dealer listed my trade-in quite high. I don't know what they got for it, but I'm sure they made some money. I didn't ever expect any equity on an early lease return, but the high used market played a role, so I leveraged it.