Quote:
Originally Posted by wtwo3
Overpriced would indicate that it's above and beyond the pricing of its direct competitor, which it is not. The C43 is actually slightly more expensive despite only being a refreshed last generation model.
Also, discounting a car by 10% has nothing to do with BMW and their "desperation"; it's coming out of the dealer's pocket. If you simply go into a dealership and ask for 10% off, chances are they wouldn't agree. It takes some effort to get there.
Manufacturer incentives are what come from BMW, and again they are in line with what Mercedes is offering on the C43.
Sedan sales in general are on the decline which makes them ripe for great deals. That has nothing to do with whether or not BMW believes in the G20 specifically.
$69k (for a fully loaded M340i) was the MSRP, not what I paid. What I paid was that less 10% and $3k in incentives ($2k loyalty, $1k lease cash). This manifests itself into the $658 monthly payment, which by your logic means I should be in the "banking business", whatever that means.
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1) The dealer will not sell the new car 3% under the invoice (more than 7% discount) "quite often". That comes directly from their bottom line. Unless the manufacturer compensates them for that and I am quite sure BMW is not doing that at this point. You, or the other poster, mentioned "quite a few" people getting similar deals. I do not believe that.
2) now to your payment. Unless, you are not telling something, like down payment or multiple MSDs or whatever, the monthly payment of $658 is not possible, therefore, I suggested you to go to banking industry and pull that magic over there and make tons of cash!!!
MSRP: $69,000
Sales Price: $62,000 (10% discount)
Rebates: $3000
Residual: 60% ($41,400) over 36 months
Interest Rate/MF: 0.00177 (doubt you can get less than this, but you are a magician...)
Destination fee and Dealer Fees: $1,100
Illinois Sales Tax: 6.25%
Calculation:
Selling Price: $62,000
Capped Fees: 1100
Rebates: 3000
Net Cap Cost: $60,125
60,125 - 41,400 = 28,700. $18.7k/36 months = $520/month
Monthly Interest: $180
Monthly Tax: 56
Payment: $755/month
I wonder how you got to $658?