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      04-29-2020, 12:36 PM   #45
hatepotholez
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Quote:
Originally Posted by Next Level Auto Brokers View Post
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Originally Posted by hatepotholez View Post
Does BMW still charge the dealer if we buyout our leases below the residual? Anyway around this if they still do? Thx!
Not sure if I understand the question. BMW charges the dealer what?

Maybe this helps... BMWFS owns the car not the dealer. So if you buy the car at the end of your lease below the already inflated residual, BMWFS takes the hit, not the dealer.

You should definitely pay less than the buy out regardless.
I read that the dealer will be charged the difference between the residual and the actual sale price if sold to the current owner.
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      04-29-2020, 01:26 PM   #46
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yikes, oP is gonna be overloaded with questions. hope he will be able to keep up. lol
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      04-29-2020, 06:42 PM   #47
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Do you ever broker deals that involve trades ?

Do you say this is the deal for the new car dealer "xxx"and the used car / trade completely out if my control...
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      04-30-2020, 07:34 AM   #48
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Originally Posted by arciga18 View Post
Do you ever broker deals that involve trades ?

Do you say this is the deal for the new car dealer "xxx"and the used car / trade completely out if my control...
haha more or less...I tell them to get a quote first from Carvana or Vroom, and then compare that to the quote they get from the dealer.

For most states, there is no tax advantage to trade in a car for leases, but purchase is a different story.
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      05-02-2020, 12:42 AM   #49
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Thanks for doing all of this, Dan. I'm seeing a lot of dealerships still having their MF rates remain at 0.00118, but I see that financing rates have dropped to 0.9%. Does that mean that I should be negotiating with the financing rate in mind (MF of 0.000375)?
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      05-02-2020, 01:29 AM   #50
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Originally Posted by lightenup View Post
Thanks for doing all of this, Dan. I'm seeing a lot of dealerships still having their MF rates remain at 0.00118, but I see that financing rates have dropped to 0.9%. Does that mean that I should be negotiating with the financing rate in mind (MF of 0.000375)?
Money factors are set by BMW Financial are not negotiable whatsoever. The only time you can negotiate them is when the dealer is trying to mark them up, but you can never go lower than the Buy Rate money factor, with the only caveat being if you put down Multiple Security Deposits (MSD's)
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      06-02-2020, 10:20 AM   #51
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Any experience with shopping around for leases on the X5 45e yet or too new?
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      06-02-2020, 12:28 PM   #52
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Any help on car shipping/transport? Looking for an enclosed carrier from East to West Coast.
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      06-03-2020, 11:54 PM   #53
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Any experience with shopping around for leases on the X5 45e yet or too new?
The only lease program out for the 2021s is the 330e and 7 series

a little early to the game
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      06-03-2020, 11:59 PM   #54
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Any help on car shipping/transport? Looking for an enclosed carrier from East to West Coast.

I gotta guy
shoot me a PM

Auto transport is the wild wild west. It sounds counter-intuitive, but it's better to only shop it once or twice as your multiple inquires are seen as increased demand.

Most transport brokers also build in a ton of their fees on top of what the actual independent contractor driver gets.

Finding a transport broker who charges a flat fee regardless of pricing is who you want, much like a car broker like mwah!
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      06-04-2020, 01:59 AM   #55
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Do you have any insight on the used car market? With wholesale values dropping significantly recently there is a lot of talk about used car retail pricing taking a hit - but I have not seen it yet.

I assume dealers are now paying less for cars , the cars are theoretically worth ~10% less, but asking price retail for used cars, especially nicer M modes seems unaffected

Should we assume that at some point we are going to see the asking and selling prices for used cars at dealerships drop to reflect the depressed market?!

Do you think that for higher end enthusiast cars like M2,M3,M4,M5, etc that we can expect to see a drop in price or are they going to be somewhat immune and still command higher prices?

Im shopping used M4 vs maybe leasing a new one - if the used car prices dropped considerably - buying. A lightly used 2017 or 2018 would be the best deal....

Any insights ??
Great questions.

I will say that wholesale pricing for M2,M3,M4 and M5 has not dropped much at all. Most other cars have seen around a 10% wholesale drop.

Wholesale inventory of M cars is low as well. Once you filter out those with prior paintwork, no accidents, and low miles, it's a very small number. Demand is still high. Dealers are bidding and paying above what they should (for the good ones).

These cars will depreciate naturally, but I would not expect to see any dramatic price drops.

This week , franchise dealers started buying again here on the west coast. They were MIA the last two months. They were paying more than I wanted to, but they can.
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      06-04-2020, 10:36 PM   #56
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COVID19 has really turned the luxury car market upside down in the Northeast.

My dealers are scratching their heads to the pent up demand from all these lease returns. No one is looking to downgrade despite not having anywhere to go and despite fears of unemployment.

The used car market here also has also be decimated. One dealer put it, because no one wants to take public transportation anymore in the NYC area, people are forced to buy cars.

My loaner list is normally 50+ cars deep on any given month...I have 8 I'm waiting to post up.

It's crazy because people were expecting covid specials and dealers want to dump inventory, but after a strong May program, dealers are scaling back discounts because there is little to no inventory. It will be that way for at lease 2-3 more months as production ramps back up, hopefully.

A huge thanks to the members here as we did some serious damage last month!
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      06-05-2020, 11:51 PM   #57
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Quote:
Originally Posted by Next Level Auto Brokers View Post
COVID19 has really turned the luxury car market upside down in the Northeast.

My dealers are scratching their heads to the pent up demand from all these lease returns. No one is looking to downgrade despite not having anywhere to go and despite fears of unemployment.

The used car market here also has also be decimated. One dealer put it, because no one wants to take public transportation anymore in the NYC area, people are forced to buy cars.

My loaner list is normally 50+ cars deep on any given month...I have 8 I'm waiting to post up.

It's crazy because people were expecting covid specials and dealers want to dump inventory, but after a strong May program, dealers are scaling back discounts because there is little to no inventory. It will be that way for at lease 2-3 more months as production ramps back up, hopefully.

A huge thanks to the members here as we did some serious damage last month!
Sounds like waiting to November/December to buy an M4 might be the way to go in Southern California? I don't like the new one and it doesn't seem like many do.
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      06-06-2020, 12:21 PM   #58
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Hello Dan, is there still trunk money offering for M4 cs?
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      06-06-2020, 06:47 PM   #59
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Hello Dan, is there still trunk money offering for M4 cs?
Yes for June it remains at $8000 flagship!

Inventory is super thin though and most remaining have the CCB
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      06-06-2020, 06:48 PM   #60
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Quote:
Originally Posted by CRtoE92 View Post
Hello Dan, is there still trunk money offering for M4 cs?
Yes for June it remains at $8000 flagship!

Inventory is super thin though and most remaining have the CCB
Thank you sooooo much!!!
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      06-06-2020, 07:24 PM   #61
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Originally Posted by TheGreatestDane View Post
Sounds like waiting to November/December to buy an M4 might be the way to go in Southern California? I don't like the new one and it doesn't seem like many do.
It will be slim pickings in November if you want a new one.
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      06-06-2020, 07:28 PM   #62
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Quote:
Originally Posted by alex2364 View Post
Quote:
Originally Posted by TheGreatestDane View Post
Sounds like waiting to November/December to buy an M4 might be the way to go in Southern California? I don't like the new one and it doesn't seem like many do.
It will be slim pickings in November if you want a new one.
Why's that? I know nothing about this stuff so anything's helpful.
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      06-06-2020, 07:49 PM   #63
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Why's that? I know nothing about this stuff so anything's helpful.
End of production is in 2 days. Last ones will be arriving in 2 months and most of those are already pre-sold. Basically what you see in dealer stock now is what’s available.
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      06-06-2020, 11:32 PM   #64
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What other models in BMW now have flagship money?

It looks like deaerships are not budging like they did last year on M4 cs although there is still flag
Shit to them
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      06-07-2020, 09:10 PM   #65
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Quote:
Originally Posted by CRtoE92 View Post
What other models in BMW now have flagship money?

It looks like deaerships are not budging like they did last year on M4 cs although there is still flag
Shit to them
How much are you trying to get them to budge? I picked up a CS in LA a few weeks ago for 20.4% off sticker before incentives. It can be done.
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      06-08-2020, 01:12 AM   #66
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Quote:
Originally Posted by Ervin87 View Post
Quote:
Originally Posted by 23109VC View Post
Do you have any insight on the used car market? With wholesale values dropping significantly recently there is a lot of talk about used car retail pricing taking a hit - but I have not seen it yet.

I assume dealers are now paying less for cars , the cars are theoretically worth ~10% less, but asking price retail for used cars, especially nicer M modes seems unaffected

Should we assume that at some point we are going to see the asking and selling prices for used cars at dealerships drop to reflect the depressed market?!

Do you think that for higher end enthusiast cars like M2,M3,M4,M5, etc that we can expect to see a drop in price or are they going to be somewhat immune and still command higher prices?

Im shopping used M4 vs maybe leasing a new one - if the used car prices dropped considerably - buying. A lightly used 2017 or 2018 would be the best deal....

Any insights ??
Great questions.

I will say that wholesale pricing for M2,M3,M4 and M5 has not dropped much at all. Most other cars have seen around a 10% wholesale drop.

Wholesale inventory of M cars is low as well. Once you filter out those with prior paintwork, no accidents, and low miles, it's a very small number. Demand is still high. Dealers are bidding and paying above what they should (for the good ones).

These cars will depreciate naturally, but I would not expect to see any dramatic price drops.

This week , franchise dealers started buying again here on the west coast. They were MIA the last two months. They were paying more than I wanted to, but they can.
What's wholesale on a 2020 M5 comp?
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