Before I sign...

[rfeener86]

I appreciate any help with this and I am a few days new to this forum and BMW's in general. I am scheduled to pickup a MG f80 (manual) in Munich in April. I cannot tell you how excited I am about this. The only options I checked off for it are the manual trans. moonroof and power rear sunshade...thats it. Yesterday the purchase agreement was emailed to me. To my surprise it is higher than I expected. Given that the euro delivery Munich pickup price is 60,800 I figured with taxes that it would still be a deal, expensive but a better deal. Here is the figure from the purchase agreement. The total sales price including taxes, proc/doc fees is $68224.49. According to the purchase details the retail price is 67,220.00 and the sales price is 64,020.00. Am I correct to question this? Keep in mind the car has NO options but a $500 power rear sunshade. Thanks to all

[DaveCSparty]

With any contract, understand and make sure you agree with the terms/numbers before signing.

Question everything until you are satisfied. No one else is looking out for you. Good luck!

[drexplode]

You can estimate your lease payment by using some of the bank websites. For a sanity/basic calculation you will need to know: MSRP, sales price, money factor (buy it rate for good credit), sales tax %, and residual value. You can find the current lease rates in the 2017 pricing thread in the delivery section of this forum.

For a detailed calculation - ask the dealer for a break down of all their fees, here are a few that comes to mind:
Acquisition fee
Administration/dealer fee
Doc fee
License and registration fees

I hope this helps! Good luck!

[MrSmileyDC]

Don't forget destination and delivery fee. No discount on that.

[DocWeatherington]

Originally Posted by rfeener86

I appreciate any help with this and I am a few days new to this forum and BMW's in general. I am scheduled to pickup a MG f80 (manual) in Munich in April. I cannot tell you how excited I am about this. The only options I checked off for it are the manual trans. moonroof and power rear sunshade...thats it. Yesterday the purchase agreement was emailed to me. To my surprise it is higher than I expected. Given that the euro delivery Munich pickup price is 60,800 I figured with taxes that it would still be a deal, expensive but a better deal. Here is the figure from the purchase agreement. The total sales price including taxes, proc/doc fees is $68224.49. According to the purchase details the retail price is 67,220.00 and the sales price is 64,020.00. Am I correct to question this? Keep in mind the car has NO options but a $500 power rear sunshade. Thanks to all

Please upload the contract( Blackout your personal details)? What's your sales tax? No enough details. The two options are free, and 500 bucks for PRS. I come out to $62,295 including shipping at 995. Which works to 5,929.49 in taxes and doc fees lets assume doc fees are 400 bucks. Which that works out to about a 7.8-9% tax. Are you trading in a car?

I would add the HK audio for 900 bucks its well worth it.


Additional ask for 2k over EU invoice not EU Delivery


Also look here to see what others are getting on 17s

http://f80.bimmerpost.com/forums/sho....php?t=1272046

[M_Schmidty_3]

Originally Posted by DocWeatherington

Please upload the contract( Blackout your personal details)? What's your sales tax? No enough details. The two options are free, and 500 bucks for PRS. I come out to $62,295 including shipping at 995. Which works to 5,929.49 in taxes and doc fees lets assume doc fees are 400 bucks. Which that works out to about a 7.8-9% tax. Are you trading in a car?

I would add the HK audio for 900 bucks its well worth it.


Additional ask for 2k over EU invoice not EU Delivery


Also look here to see what others are getting on 17s

http://f80.bimmerpost.com/forums/sho....php?t=1272046

HK audio became standard equipment in MY2016.

[G35POPPEDMYCHERRY]

Originally Posted by rfeener86

I appreciate any help with this and I am a few days new to this forum and BMW's in general. I am scheduled to pickup a MG f80 (manual) in Munich in April. I cannot tell you how excited I am about this. The only options I checked off for it are the manual trans. moonroof and power rear sunshade...thats it. Yesterday the purchase agreement was emailed to me. To my surprise it is higher than I expected. Given that the euro delivery Munich pickup price is 60,800 I figured with taxes that it would still be a deal, expensive but a better deal. Here is the figure from the purchase agreement. The total sales price including taxes, proc/doc fees is $68224.49. According to the purchase details the retail price is 67,220.00 and the sales price is 64,020.00. Am I correct to question this? Keep in mind the car has NO options but a $500 power rear sunshade. Thanks to all

i mean pretty simply. your retail should be 500+sticker rougly 63k. they are taking your money. you need to do some serious reading on leasing and buying a new car thread or just pay 5k over sticker, good luck post more info so we can help u

[rfeener86]

My mistake, I figured out what's wrong.The $60,800 is the base MSRP, then you add your package options from there. So, you're total Euro price is:
M3 base price: $60,800
Mineral gray metallic $700
Black extended leather $950
Power rear sunshade $575
Destination charge $995
Total ED sales price: $64,020...the taxes+doc/fees are an additional 4K. I really appreciate everyone's help.

[mpizutti]

But why are you paying retail..should be paying 1200 to 2000 over ED invoice.

[rfeener86]

Originally Posted by mpizutti

But why are you paying retail..should be paying 1200 to 2000 over ED invoice.

This is where I start to get a little lost. I can tell the dealer wasn't interested when I mentioned ED so they tried to sell me a 340i they had on the lot. Ive been researching but am unable to find the ED invoice prices. Is that the standard for which I should be negotiating price?

[MrSmileyDC]

Originally Posted by rfeener86

This is where I start to get a little lost. I can tell the dealer wasn't interested when I mentioned ED so they tried to sell me a 340i they had on the lot. Ive been researching but am unable to find the ED invoice prices. Is that the standard for which I should be negotiating price?

Yes. Invoice plus $1500 should get the job done at most places in the mid Atlantic and northeast.

[jjrandorin]

Originally Posted by rfeener86

This is where I start to get a little lost. I can tell the dealer wasn't interested when I mentioned ED so they tried to sell me a 340i they had on the lot. Ive been researching but am unable to find the ED invoice prices. Is that the standard for which I should be negotiating price?

The first red flag is a dealer who "was not interested" in assisting you in doing Euro Delivery. All dealers want to sell cars on the lot but when you started with "I want to do a European delivery" they should have started working with you on that.

For others on this thread, remember that M cars come out of dealers allocation when doing Euro Delivery, so many dealers simply dont want to do that, because they are losing an M car they could sell here in the states.

I dont know what is "standard" for a Euro Delivery M3 but I would imagine its somewhere around 2k over ED Invoice or even a little higher.. given the Allocation issue I just mentioned.

OP, Euro Delivery discount is about 5% off US MSRP. There are formulas out there if you search for them (not sure where they are on this forum but I know they are there on the "other" big bmw forum.

The price of the car you were looking at is base price + options so I think you figured out where the difference was (because then you need to add tax etc as well).

It sounds like you already "have a deal" so to speak though with the dealership?

[mpizutti]

The dealer should show you an ED invoice price sheet. Just like the MSRP sheet. That way it is cut and dry. I paid 1250 over invoice.but this was my 2nd ED in 2 years. My first was 1500 over ED i have also bought other cars there. That being said even if this is your first the should show you both prices..but you might have to ask them. After you ask if they dont show you i would ask for mgr. Or walk away. There are other dealers.
Good luck

[MrSmileyDC]

Originally Posted by jjrandorin

The first red flag is a dealer who "was not interested" in assisting you in doing Euro Delivery. All dealers want to sell cars on the lot but when you started with "I want to do a European delivery" they should have started working with you on that.

For others on this thread, remember that M cars come out of dealers allocation when doing Euro Delivery, so many dealers simply dont want to do that, because they are losing an M car they could sell here in the states.

I dont know what is "standard" for a Euro Delivery M3 but I would imagine its somewhere around 2k over ED Invoice or even a little higher.. given the Allocation issue I just mentioned.

OP, Euro Delivery discount is about 5% off US MSRP. There are formulas out there if you search for them (not sure where they are on this forum but I know they are there on the "other" big bmw forum.

The price of the car you were looking at is base price + options so I think you figured out where the difference was (because then you need to add tax etc as well).

It sounds like you already "have a deal" so to speak though with the dealership?

From my understanding cars all come out of the allocation for the current month, but the dealer gets an "extra" allocation in the following month. So they are still getting an extra car for ED.

[jjrandorin]

Originally Posted by BimmerGuyDC

From my understanding cars all come out of the allocation for the current month, but the dealer gets an "extra" allocation in the following month. So they are still getting an extra car for ED.

Are you sure that is applicable to M cars for Euro Delivery? I was pretty darn sure that M cars come out of dealers allocation and have never heard anything of an "extra" allocation as it relates to M cars.

Think that works for "regular" BMWs but not hot ones (like G30 5 series) or M's but that would be a question for someone like golfrr.

[rfeener86]

Originally Posted by BimmerGuyDC

Yes. Invoice plus $1500 should get the job done at most places in the mid Atlantic and northeast.

It is incredible to me the help that I am getting.. Thank you everyone for your guidance. After doing the math and a little research I have come up with the ED Invoice. According to this website https://saverocity.com/travel/bmw-european-delivery/, the math is easy to calculate savings. The ED m3 pick msrp of 60800*.93and then by .92. I am getting 52,020. I pitched this dilemma to the sales manager and he replied that the savings is in the Euro msrp, not the US msrp which is why people do the ED. He also says wherever I am getting this information from, it is not accurate and that they will occasionally discount the euro msrp but not on an M car. I do apologize for being illiterate in the bmw world so once again, thanks for your help!

[mpizutti]

Bmw changed from 7% (.93) to a 5% discount last year. So that article is a little outdated. Just ask the dealer to show you ED invoice if they dont i would look elsewhere

[Halewafa]

Originally Posted by rfeener86

It is incredible to me the help that I am getting.. Thank you everyone for your guidance. After doing the math and a little research I have come up with the ED Invoice. According to this website https://saverocity.com/travel/bmw-european-delivery/, the math is easy to calculate savings. The ED m3 pick msrp of 60800*.93and then by .92. I am getting 52,020. I pitched this dilemma to the sales manager and he replied that the savings is in the Euro msrp, not the US msrp which is why people do the ED. He also says wherever I am getting this information from, it is not accurate and that they will occasionally discount the euro msrp but not on an M car. I do apologize for being illiterate in the bmw world so once again, thanks for your help!

Sounds like your sales person is clueless. If you're open to doing performance center delivery then it'll really open up your options for dealerships. I did ED in June and got $1500 over ED Invoice with no negotiating required. $1500-$2k over ED invoice shouldn't be hard to find.

[afadeev]

Originally Posted by BimmerGuyDC

From my understanding cars all come out of the allocation for the current month, but the dealer gets an "extra" allocation in the following month. So they are still getting an extra car for ED.

Yes, BMW NA does "credit" the ED allocation back to the dealer, including those used for ///M cars.
I've confirmed that directly with my BMW NA contacts in the past.
Thus the ability to extract Invoice + reasonable ($500-$1.5K) markup from dealers on ED orders.

Now, placing an ED order does take a little bit of a different paperwork path, so if you run into an SA who hasn't done this before - run (and find another SA/dealer).
You really don't want to be a guinea pig for an SA!

HTH,
a

[MrSmileyDC]

Originally Posted by rfeener86

It is incredible to me the help that I am getting.. Thank you everyone for your guidance. After doing the math and a little research I have come up with the ED Invoice. According to this website https://saverocity.com/travel/bmw-european-delivery/, the math is easy to calculate savings. The ED m3 pick msrp of 60800*.93and then by .92. I am getting 52,020. I pitched this dilemma to the sales manager and he replied that the savings is in the Euro msrp, not the US msrp which is why people do the ED. He also says wherever I am getting this information from, it is not accurate and that they will occasionally discount the euro msrp but not on an M car. I do apologize for being illiterate in the bmw world so once again, thanks for your help!

The .93 on the base price would get you close to invoice. The .92 is about invoice on the options. Just take your total ED msrp multiply by .925 and add 1-2k. Aim for a number around there. I think it was around 60-61k for your listed options.

Another thing to keep in mind is allocations. They are released the first week of the month. So make sure you get a production number from the sales manager. Don't put down a deposit unless you get this. No allocation = no car. This can be hectic since there are a few more steps involved with ED before you are able to confirm your delivery date with the BMW ED department and start booking flights, hotels, etc.

[MRCUR]

Originally Posted by afadeev

Thus the ability to extract Invoice + reasonable ($500-$1.5K) markup from dealers on ED orders.

One thing I'll note specifically because this is on an F80 - the OP is getting one of the last MY2017 M3's, so the dealer may not be as interested to negotiate given the ~4 month gap in production about to happen.

(And SA != CA )

[rfeener86]

They told me they have allocation but I haven't signed any paperwork yet because I want to make sure I'm not getting Screwed on the deal. I called a few other dealers in New England and they all told me the same thing, they're not willing to go any lower than European delivery MSRP. Including taxes, fees and my options (MT,MG, extended leather, Power sunshade , silver 19s) I am up to 69500. One thing I have to keep in mind is that my local dealer is two hours away from me and in addition to that, the only dealer in the state. How do I maintain a good relationship with them? I guess by submitting but knowing I can do better on the price is frustrating. The next closest dealer is 4 hours away....