Dealer 'nearly new' prices
Discussion
I'm about to opt out of my company car and buy my own. So after 20yrs of 'top of the range' volume company cars - Mondeo Ghia X, 406 Executive etc kind of thing, I thought I might try the BMW thing.
My ideal car would be a 530d - but it would have to have auto & leather and I just can't bring myself to spend 35 grand. No problem, I thought, I'll but a nearly new one.
OK, I know it's not a Mondeo or 406, but where do the dealers get the used prices from? They're practically the same cost as new - it's as if you're paying for the priviledge of quick delivery.
It's not just 5 series - I looked at 320d Touring and that's the same.
It's not as if there's a shortage - I've been surprised how many used cars the average BMW dealer has, and there must be thousands of them on their web site.
I guess my question is, does anybody have any guidance about how flexible BMW dealers are on used prices? I know I could ask a dealer, but it's a waste of time unless everybody's serious about doing a deal.
My ideal car would be a 530d - but it would have to have auto & leather and I just can't bring myself to spend 35 grand. No problem, I thought, I'll but a nearly new one.
OK, I know it's not a Mondeo or 406, but where do the dealers get the used prices from? They're practically the same cost as new - it's as if you're paying for the priviledge of quick delivery.
It's not just 5 series - I looked at 320d Touring and that's the same.
It's not as if there's a shortage - I've been surprised how many used cars the average BMW dealer has, and there must be thousands of them on their web site.
I guess my question is, does anybody have any guidance about how flexible BMW dealers are on used prices? I know I could ask a dealer, but it's a waste of time unless everybody's serious about doing a deal.
I'm no expert on used car prices, but would think if you have no car to trade in, the dealer would knock a few grand of the sticker price. I've bought a couple of used BMW's from dealer and while their price is high compared to book and apparently not negotiable, they have been fairly generous in the trade in offered so cost to change reasonable.
Would suggest you don't need to go for nearly new, save a bit by going for 2 or 3 year old car with 40k miles or less. BMW used car warranty very good and cars generally age well.
Would suggest you don't need to go for nearly new, save a bit by going for 2 or 3 year old car with 40k miles or less. BMW used car warranty very good and cars generally age well.
i brought mine through local bmw dealer, they knocked 2k off price and put in cd changer, i was part exchanging but they gave a fair price for that too.
I think you just have to ask, my dealer seemed quite sensible and willing to do a deal.
Mine would of been around 33k with options new and i got it less than 1 year old for 25k. only 5k miles so i was happy
Think it is also going to depend on how well that certain car is going selling at time.
The person you want to ask is "scoobyzoom" i think?! he works for bmw
I think you just have to ask, my dealer seemed quite sensible and willing to do a deal.
Mine would of been around 33k with options new and i got it less than 1 year old for 25k. only 5k miles so i was happy
Think it is also going to depend on how well that certain car is going selling at time. The person you want to ask is "scoobyzoom" i think?! he works for bmw
It is normal for a Reading based dealer beginning with C to ignore you, I'm not sure how they make any money. I've been there with the honest intention of test driving a car and if I'd liked it I'd have bought one there and then only to stand in the dealership for 20 mins, give up and go elsewhere.
olly2000 said:
Thats disgusting and no BMW dealer should treat you that way - where are you based?
Chester. To be fair, it was pretty busy but I just couldn't catch anyone's eye.
I suppose, with BMW selling so many cars now, and from a fairly limited number of dealers, that each dealer doesn't have to try very hard.
m12_nathan said:
It is normal for a Reading based dealer beginning with C to ignore you, I'm not sure how they make any money. I've been there with the honest intention of test driving a car and if I'd liked it I'd have bought one there and then only to stand in the dealership for 20 mins, give up and go elsewhere.
I've been in the dealship in question and have always found that someone was willing to help me out straight away. This includes the time I went in wearing filthy clothes having just mullered my wheel bolt key (oops...).
Bobbin,
If you're looking to save tax etc with a BMW as replacement for a high mileage per annum company car forget it, as the high servicing costs alone will make the economics unpalatable.
I have found BMW garages around Brum distinctly unhelpful and not very knowledgeeable about the cars they sell. ( They can change a pollen filter but they never rebuild their own engines or gearboxes, for engines its all a straight factory replacement, whilst for grearboxes they take them to the nearest gearbox specialist, ZF or otherwise, and simply add 100% to the specialists invoice).
Individual BMW techies are excellent but their management actually stops them helping the customer.....I built a Cobra with a BMW V8 and the management actually stopped the techies helping me in their own time................
So much so that when I dropped out of the co car scheme and thankfully gave back my BMW 5 series I went to a secondhand very low miles Jaguar, ( only to find that the BMW and Jag service dept had both been on the same " fleece the customer" training course. Luckily I can turn a spanner with the best of them )
I have a mate whos addicted to Beemer 540's, he must have a new one every two years. His depreciation and servicing costs each year would put at least two children through university......
My advice, get a rep-mobile for the workdays and something interesting and depreciation proof for the weekends
Cheers,
Tony
If you're looking to save tax etc with a BMW as replacement for a high mileage per annum company car forget it, as the high servicing costs alone will make the economics unpalatable.
I have found BMW garages around Brum distinctly unhelpful and not very knowledgeeable about the cars they sell. ( They can change a pollen filter but they never rebuild their own engines or gearboxes, for engines its all a straight factory replacement, whilst for grearboxes they take them to the nearest gearbox specialist, ZF or otherwise, and simply add 100% to the specialists invoice).
Individual BMW techies are excellent but their management actually stops them helping the customer.....I built a Cobra with a BMW V8 and the management actually stopped the techies helping me in their own time................
So much so that when I dropped out of the co car scheme and thankfully gave back my BMW 5 series I went to a secondhand very low miles Jaguar, ( only to find that the BMW and Jag service dept had both been on the same " fleece the customer" training course. Luckily I can turn a spanner with the best of them )
I have a mate whos addicted to Beemer 540's, he must have a new one every two years. His depreciation and servicing costs each year would put at least two children through university......
My advice, get a rep-mobile for the workdays and something interesting and depreciation proof for the weekends
Cheers,
Tony
Tony427 said:
My advice, get a rep-mobile for the workdays and something interesting and depreciation proof for the weekends
Cheers,
Tony
I'm coming around to the view that I might have to do this - my problem is that I do 30,000 miles/yr so that kills the residual value of any car. I thought a *prestige* might lose less, and it probably does as a %, but the loss in £ is much greater.
i bought a new 5 series 6 months old ex-demo saved over 10K on the new price and it only had 4K on the clock. dealer had it up for about £32 got it down to £29k in the end and it came with ALL the toys, Nav,Xenons,leather,auto etc etc and blance of manufacturers warranty.
if you want a 530d, haggle and walk away if the deal is not what you want, there are plenty on bmw.co.uk on the approved used network.
I went for a 5er which came with the "service inclusive" package already onit, so that's my servicing costs take care of for the first 60,000 miles or 5 yrs.
if you are doing 30K pa then i guess that'll only cover you for 2 yrs but still after that i don't think servicing costs at a dealer are that bad in my experience, certainly not much more than taking a similar engined ford/vauxhall to a main dealer.
depends on how long your keeping car for etc etc...if you get an allowance from work i would think covering the costs of servicing would not be a problem.
if you want a 530d, haggle and walk away if the deal is not what you want, there are plenty on bmw.co.uk on the approved used network.
I went for a 5er which came with the "service inclusive" package already onit, so that's my servicing costs take care of for the first 60,000 miles or 5 yrs.
if you are doing 30K pa then i guess that'll only cover you for 2 yrs but still after that i don't think servicing costs at a dealer are that bad in my experience, certainly not much more than taking a similar engined ford/vauxhall to a main dealer.
depends on how long your keeping car for etc etc...if you get an allowance from work i would think covering the costs of servicing would not be a problem.
Bobbins said:
I'm about to opt out of my company car and buy my own. So after 20yrs of 'top of the range' volume company cars - Mondeo Ghia X, 406 Executive etc kind of thing, I thought I might try the BMW thing.
My ideal car would be a 530d - but it would have to have auto & leather and I just can't bring myself to spend 35 grand. No problem, I thought, I'll but a nearly new one.
OK, I know it's not a Mondeo or 406, but where do the dealers get the used prices from? They're practically the same cost as new - it's as if you're paying for the priviledge of quick delivery.
It's not just 5 series - I looked at 320d Touring and that's the same.
It's not as if there's a shortage - I've been surprised how many used cars the average BMW dealer has, and there must be thousands of them on their web site.
I guess my question is, does anybody have any guidance about how flexible BMW dealers are on used prices? I know I could ask a dealer, but it's a waste of time unless everybody's serious about doing a deal.
E-mail me via my profile with your requirments and I will try and help you
A freindly BMW salesman in middle england.
Tony427 said:
Bobbin,
If you're looking to save tax etc with a BMW as replacement for a high mileage per annum company car forget it, as the high servicing costs alone will make the economics unpalatable.
If you buy a diesel 3 series then servicing is free.. Also most 5's will have a "Service Inclusive" pack giving you 5yrs or 60k worth of free services.
Tony427 said:
I have found BMW garages around Brum distinctly unhelpful and not very knowledgeeable about the cars they sell.
oi! Tony427 said:
( They can change a pollen filter but they never rebuild their own engines or gearboxes, for engines its all a straight factory replacement, whilst for grearboxes they take them to the nearest gearbox specialist, ZF or otherwise, and simply add 100% to the specialists invoice).
Cheaper, faster and easier to swop an engine or gearbox than dismantle and try and fix. And we send nothing out to specialists. Ever. Unless its something like non BMW rear dvd screens.
Tony427 said:
Individual BMW techies are excellent but their management actually stops them helping the customer.....I built a Cobra with a BMW V8 and the management actually stopped the techies helping me in their own time................
Ours are actively encouraged to be customer facing. The only time they can't work on their own cars or someone elses are in work ours. But all are free to use the facilities after hours.
I don't think you could stop someone doing something in their own time... unless you were their dad or something!
Cheers
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northernmonkey said:
i bought a new 5 series 6 months old ex-demo saved over 10K on the new price and it only had 4K on the clock. dealer had it up for about £32 got it down to £29k in the end and it came with ALL the toys, Nav,Xenons,leather,auto etc etc and blance of manufacturers warranty.
That package sounds pretty good - which model was it?
Also, if I may ask, was the price reduction dependant on taking a BMW finance package?
bobbins said:
That package sounds pretty good - which model was it?
Also, if I may ask, was the price reduction dependant on taking a BMW finance package?
It is illegal to say the price is better if you have finance... If they do just say "ok" then bring a draft on the day for the balance...
ScoobyZoom said:
That package sounds pretty good - which model was it?
Also, if I may ask, was the price reduction dependant on taking a BMW finance package?
It is illegal to say the price is better if you have finance... If they do just say "ok" then bring a draft on the day for the balance...
But if they don't I won't earn that huge £25!!!! ScoobyZoom said:
It is illegal to say the price is better if you have finance... If they do just say "ok" then bring a draft on the day for the balance...
I'm sure that you must know better than I do (because you do this all day) but i'm surprised by that. It used to be the case that you couldn't surcharge for credit card use but you can now.
I've seen car offers advertised where there's a 'cash' price, then there's a reduced price (by way of 'deposit contribution') if finance is used. Perhaps it's just a wording thing, but it adds up to a discount if finance is taken.
bobbins said:
I'm sure that you must know better than I do (because you do this all day) but i'm surprised by that. It used to be the case that you couldn't surcharge for credit card use but you can now.
I've seen car offers advertised where there's a 'cash' price, then there's a reduced price (by way of 'deposit contribution') if finance is used. Perhaps it's just a wording thing, but it adds up to a discount if finance is taken.
Its up to us how we take payment with regards to the credit card thing, as long as you state this at point of order. We charge 3% if people want to use their card. And they still do to get the air miles!
Deposit contribution is different and yes you are right it does work out to a discount. But to say "if you have it on finance i'll give you some more money off" is naughty...
Sorry, misunderstood. However, BMW don't do that and they wouldn't let their dealers do it either i'd have thought.
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