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First attempt to buy a 5 series falls flat

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Old 11-07-2009 | 10:20 PM
  #11  
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I would think that 36k is reasonable.
Old 11-07-2009 | 10:23 PM
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Originally Posted by DRANGED' post='1049909
I would think that 36k is reasonable.
I thought so, but I think part of the problem is that they just got this on the lot about a week before I made an offer so it hasn't sat for very long.
Old 11-07-2009 | 10:25 PM
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Originally Posted by vikingshelmut' post='1049915' date='Nov 8 2009, 12:23 AM
I 100% agree (which is why I'm not willing to offer $40k)
Ok then, $6K is a lot to pay for 1 year of warranty.
Old 11-07-2009 | 10:27 PM
  #14  
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Originally Posted by DRANGED' post='1049917' date='Nov 7 2009, 10:25 PM
Ok then, $6K is a lot to pay for 1 year of warranty.
Touche
Old 11-08-2009 | 12:17 AM
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It's just one car.
Old 11-08-2009 | 09:08 AM
  #16  
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Originally Posted by vikingshelmut' post='1049876' date='Nov 8 2009, 12:23 AM
So I went to test drive and make an offer today on a 2007 550, and my visit didn't go as well as I was hoping (they didn't accept my offer). I was honest and fair, and I guess it just wasn't meant to be. Looking at the CPO checklist and repairs, all they did was replace the rear brakes and change the oil. The car has more than 30k miles, and has never had the tires replaced or anything else (at least not according to the service records). It seems like the $ they put into the car was minimal yet the premium they were asking was excessive. I can't be 100% sure, but I think I know what they paid for the car at auction, and they were asking $7k above that. During negotiations he told me at least 8 times what the blue book value of the car was (don't care) and that the CPO warranty ads $4k to the value of the car. I may be new around here but that sure seems crazy.

Maybe I'm being unreasonable, but I'm willing to wait for the right deal instead of letting someone else dictate the terms. Maybe next time.
Our very own member Jeff from NJ, who is a BMW client adviser, has suggested that you can get dealers to bargain toward the end of the month. He explained that sales advisers work on an escalated scale where the commission becomes much larger for those who have achieved their quota thus giving them an incentive to make concessions. On the other end of the scale, there will be the advisers who haven't met their quota, so they also have an incentive to bargain.

Armed with this knowledge, my suggestion is to keep on looking for you ideal car throughout the month and then show up around the 29th or even the 30th of the month, see which of the cars on your list are still available, make it clear to them that you're ready to buy a car for the right price and let the negotiations begin. G/L
Old 11-08-2009 | 10:00 AM
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just buy dranged's car and pocket the savings.
Old 11-08-2009 | 10:02 AM
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Originally Posted by turboawd' post='1050053' date='Nov 8 2009, 10:00 AM
just buy dranged's car and pocket the savings.
06-08 is a big leap 06-07 really doesn't matter much. It all depends on mileage
Old 11-08-2009 | 10:38 AM
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Well I hope you end up in an E60 soon!
Old 11-08-2009 | 06:02 PM
  #20  
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like targa said end of the month... did they move at all on the price..



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