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      02-18-2023, 02:09 AM   #353
KAHANATHON
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Quote:
Originally Posted by Rx-7ames View Post
This info has not been released yet. I'm also not sure that this info is terribly relevant to closing a deal. Is someone going to pass on this car because of the residual? If that's an issue then just finance. Or maybe I'm wrong.
I'm working a deal at MSRP and .00185 MF, and told residual on 36/10 is 54%, which seems low compared to other current M series and matches the current M240i RV. each point is about $20 a month...so yes its very relevant LOL
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      02-18-2023, 02:45 PM   #354
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Originally Posted by KAHANATHON View Post
I'm working a deal at MSRP and .00185 MF, and told residual on 36/10 is 54%, which seems low compared to other current M series and matches the current M240i RV. each point is about $20 a month...so yes its very relevant LOL
Your dealership is setting themselves up for failure if they are trying to close M2 orders on payment. Especially if $20 a month is relevant to you. Residuals have not been published and MF can change from the current M240 numbers you are working with.

My thought behind saying that MF is not relevant is because most people buying a ~$70k vehicle will not be swayed by $100 a month difference in payment. Someone who wants an M2 is going to buy it regardless of what the residual is.
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      03-02-2023, 05:16 PM   #355
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Is MSRP a good deal on HEA car? And do you think it would be possible to get rid of it in a few months without taking a loss?
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      03-02-2023, 07:07 PM   #356
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Is MSRP a good deal on HEA car? And do you think it would be possible to get rid of it in a few months without taking a loss?

MSRP is as good as it gets these days.
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      03-03-2023, 04:07 PM   #357
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Is MSRP a good deal on HEA car? And do you think it would be possible to get rid of it in a few months without taking a loss?
Yes; and no.
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      03-03-2023, 05:48 PM   #358
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Originally Posted by Quadruple VANOS View Post
Yes; and no.
You don't think you could sell a hea vehicle after 3 months for same price ?
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      03-03-2023, 05:54 PM   #359
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Originally Posted by Allenssmart View Post
You don't think you could sell a hea vehicle after 3 months for same price ?
There's only one way to find out...
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      03-03-2023, 07:12 PM   #360
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Quote:
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You don't think you could sell a hea vehicle after 3 months for same price ?

There are so many variables to consider, two that immediately come to mind are an increase in monthly G87 allocations, unlikely, but could happen, and the state of the economy.
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      03-03-2023, 07:14 PM   #361
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Quote:
Originally Posted by BMWFanatic2008 View Post
Is MSRP a good deal on HEA car? And do you think it would be possible to get rid of it in a few months without taking a loss?
Quote:
Originally Posted by Allenssmart View Post
You don't think you could sell a hea vehicle after 3 months for same price ?
Adding the original question to point out the specific question of “without taking a loss” in a “few months.”

No; I don’t think you’re escaping some loss if you try and flip a HEA car near the end of this summer. Total expense is more than only MSRP, and I think far from a given you’re recouping that completely.

I wonder if you could come out ahead even if the HEA car is flipped immediately with effectively zero miles. If I have that question It’s difficult to imagine how it’d be possible after a few months.

I could be wrong though.
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      03-03-2023, 08:14 PM   #362
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My dealership has always sold cars at MSRP. For the first time ever my sales manager said we are going to do a 10k ADM on the M2. I have been skeptical but it's not my cars, so whatever.

So far we dont have any takers on our HEA at 10k over. Or $5k over. Or any amount over MSRP. I feel like if there were such a high demand then we would have already sold it with an ADM but it hasn't happened. I strongly feel like we will default to selling these at MSRP, no more, but we will see.

The point of this is to say that I don't think anyone is going to be flipping a HEA. You can try, but I don't think it will happen. Now, if someone happens to buy one, and keep the miles off of it, I bet it will be pretty desirable in 10 years when there are no more manual cars around. But that's not my plan. I'm going to drive the hell out of mine.
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      03-04-2023, 01:14 AM   #363
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Quote:
Originally Posted by Rx-7ames View Post
My dealership has always sold cars at MSRP. For the first time ever my sales manager said we are going to do a 10k ADM on the M2. I have been skeptical but it's not my cars, so whatever.

So far we dont have any takers on our HEA at 10k over. Or $5k over. Or any amount over MSRP. I feel like if there were such a high demand then we would have already sold it with an ADM but it hasn't happened. I strongly feel like we will default to selling these at MSRP, no more, but we will see.

The point of this is to say that I don't think anyone is going to be flipping a HEA. You can try, but I don't think it will happen. Now, if someone happens to buy one, and keep the miles off of it, I bet it will be pretty desirable in 10 years when there are no more manual cars around. But that's not my plan. I'm going to drive the hell out of mine.

Glad to hear people aren't rewarding this behavior in some markets. I know in others, they are, sadly.
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      03-23-2023, 03:49 PM   #364
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Quote:
Originally Posted by Rx-7ames View Post
My dealership has always sold cars at MSRP. For the first time ever my sales manager said we are going to do a 10k ADM on the M2. I have been skeptical but it's not my cars, so whatever.

So far we dont have any takers on our HEA at 10k over. Or $5k over. Or any amount over MSRP. I feel like if there were such a high demand then we would have already sold it with an ADM but it hasn't happened. I strongly feel like we will default to selling these at MSRP, no more, but we will see.

The point of this is to say that I don't think anyone is going to be flipping a HEA. You can try, but I don't think it will happen. Now, if someone happens to buy one, and keep the miles off of it, I bet it will be pretty desirable in 10 years when there are no more manual cars around. But that's not my plan. I'm going to drive the hell out of mine.
That's encouraging to hear.

I suspect there will still be plenty of markups occurring depending on area, and I also think demand might spike once the youtuber hype hits next month.
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      03-23-2023, 04:39 PM   #365
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Quote:
Originally Posted by alan7467 View Post
That's encouraging to hear.

I suspect there will still be plenty of markups occurring depending on area, and I also think demand might spike once the youtuber hype hits next month.
Big time.
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      04-11-2023, 06:37 PM   #366
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Hi everyone, I’ve been sitting at “Production Begins” for a little over a week now.

How long did it take y’all to get to “Exterior body assembly begins?”

Thanks in advance!
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      04-12-2023, 08:41 PM   #367
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Quote:
Originally Posted by eshney View Post
Hi everyone, I’ve been sitting at “Production Begins” for a little over a week now.

How long did it take y’all to get to “Exterior body assembly begins?”

Thanks in advance!
Mine was at Production Begins for roughly 2 weeks which is about the normal timeframe for that status before changing to “Entering Assembly line” today so I’d say give it another week.
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      04-13-2023, 09:58 AM   #368
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What find of money factor are folks getting offered on leases right now? I just got offered .00205 which seems like they may be trying to make their money on me there.
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      04-13-2023, 11:07 AM   #369
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Quote:
Originally Posted by eshney View Post
Hi everyone, I’ve been sitting at “Production Begins” for a little over a week now.

How long did it take y’all to get to “Exterior body assembly begins?”

Thanks in advance!
I’ve been ‘ Ready for transport’ for 2 weeks now. This is a bit of a waiting game!!
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      04-13-2023, 11:53 AM   #370
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Me too.
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      04-13-2023, 02:19 PM   #371
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Quote:
Originally Posted by aassad1 View Post
What find of money factor are folks getting offered on leases right now? I just got offered .00205 which seems like they may be trying to make their money on me there.
4.92% doesn’t seem bad for the times, especially on a newly released M car with a waiting list. What’s the Residual? Financing rates are higher. Did you ask them if they’re adding to the MF?
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      04-18-2023, 08:38 AM   #372
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Quote:
Originally Posted by cmgbk75 View Post
4.92% doesn’t seem bad for the times, especially on a newly released M car with a waiting list. What’s the Residual? Financing rates are higher. Did you ask them if they’re adding to the MF?
Residual is 55% which I think is hilariously low. I did not ask if they are adding to MF but I certainly will. Any other recommendations? The lease is certainly coming in higher than I was expecting, but I think that has a lot to do with the trash residual on the car.
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      04-18-2023, 08:42 AM   #373
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Quote:
Originally Posted by cmgbk75 View Post
4.92% doesn’t seem bad for the times, especially on a newly released M car with a waiting list. What’s the Residual? Financing rates are higher. Did you ask them if they’re adding to the MF?
They're definitely making money because that's high. Carmax is offering 4.5 on used cars....
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      04-18-2023, 08:45 AM   #374
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They're definitely making money because that's high. Carmax is offering 4.5 on used cars....
That’s the best Used Car rate I’ve seen but I would never finance a used car let alone from CarMax. Probably part of the reason those Used Car superstores are dropping like flies, well that an buying leased cars from people without a title.
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