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04-29-2020, 12:36 PM | #45 | ||
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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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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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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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06-03-2020, 11:54 PM | #53 |
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06-03-2020, 11:59 PM | #54 | |
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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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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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06-06-2020, 06:47 PM | #59 |
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06-06-2020, 06:48 PM | #60 |
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06-06-2020, 07:24 PM | #61 |
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06-06-2020, 07:28 PM | #62 | |
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06-06-2020, 07:49 PM | #63 |
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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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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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