[El Duce]

Originally Posted by marcw

I erroneously took 0.93 from ED MSRP. More accurate way is US MSRP * 0.93 * 0.92. This gets you within $50 of the true ED wholesale price.

Are the asterisks supposed to denote multiplication?

Eg, MSRP x 0.93 x 0.92 = Dealer Wholesale?

[DFW_M]

Originally Posted by El Duce

Are the asterisks supposed to denote multiplication?

Eg, MSRP x 0.93 x 0.92 = Dealer Wholesale?

Yes, however:
MSRP x ~0.93 = Dealer Invoice (it is approximate because the accessories are not marked up by exactly 7%)
MSRP x 0.93 = ED MSRP
ED MSRP x ~0.93 = ED Dealer Wholesale

[El Duce]

Originally Posted by dr335is

Yes, however:
MSRP x ~0.93 = Dealer Invoice (it is approximate because the accessories are not marked up by exactly 7%)
MSRP x 0.93 = ED MSRP
ED MSRP x ~0.93 = ED Dealer Wholesale

Awesome thanks!

Do you think I would get the USAA discount on top of that since I think it comes from a different pot of money? IE, offer $1,000 over invoice and then get the USAA on top of that.

[DFW_M]

Originally Posted by El Duce

Awesome thanks!

Do you think I would get the USAA discount on top of that since I think it comes from a different pot of money? IE, offer $1,000 over invoice and then get the USAA on top of that.

Of course, however, I'd offer $500 over the invoice and then pull out the incentive (does not come from the dealer's pocket).
However, my understanding is that most incentives do not apply to the ED.

[Just Drive]

Jon Schafer @ Santa Monica BMW

[gm1963]

Originally Posted by SCMike

To give credit where credit is due, I should have mentioned that the best, absolutely no BS, out-of-state quote I got was from Jason Ruzek at Bel Air BMW in Maryland.

And to follow up on the dr335is comment, I really wasn't looking to get a deal at "invoice". All I wanted was clarity, which is amazingly difficult to get. I have bought lots of cars over many years (I have a geezer card in my wallet) and learned early on that if I thought that I got a "great deal", it was only because I was delusional. No auto dealership anywhere on the face of the earth is a charitable organization.

+1 Jason was awesome!! Just waiting for my car to get home now, boat lands 8/7 at Brunswick

[marcw]

Originally Posted by dr335is

Yes, however:
MSRP x ~0.93 = Dealer Invoice (it is approximate because the accessories are not marked up by exactly 7%)
MSRP x 0.93 = ED MSRP
ED MSRP x ~0.93 = ED Dealer Wholesale

ED MSRP x 0.93 does not equal wholesale in the case of my F31. Using that formula I calculated roughly $400 over wholesale. ED MSRP x 0.92 got me within $50 of wholesale price.

[DFW_M]

Originally Posted by marcw

ED MSRP x 0.93 does not equal wholesale in the case of my F31. Using that formula I calculated roughly $400 over wholesale. ED MSRP x 0.92 got me within $50 of wholesale price.

It depends on the options. Some options have the markup of less than 5%

[marcw]

Originally Posted by dr335is

It depends on the options. Some options have the markup of less than 5%

I was talking about base price. Options are US MSRP x 0.91 and were all spot on in my calculations.

[Crack]

Any Michigan dealer suggestions?

[DFW_M]

Originally Posted by marcw

Options are US MSRP x 0.91 and were all spot on in my calculations.

That is inaccurate. Not all options are the same markup.

[drexplode]

Originally Posted by Crack

Any Michigan dealer suggestions?

haha, i laugh because they are my last resort... always inflated MF and almost zero negotiation off MSRP.

EoBH
EoFH
AA
Grand Blanc - maybe a little bit of negotiation

My recommendation - go outside of Michigan. California: David @ Steve Thomas / Sergik @ Valencia BMW / Roger @ Rusnak

[JK479]

Originally Posted by marcw

I'm in the market for a new 2015/16 328i wagon. So far I have interacted with four different dealers and every single one left me frustrated. One told me he would be able to sell for $1k over ED invoice then starts quoting ED MSRP pricing. Another had a car on their website with a special price of $10k off US MSRP. When I inquired about that car they couldn't find it on their website for that price and wouldn't you know it when I refreshed the page the price was gone. I negotiated a good sale price with another dealer just for him to try and screw me on the financing with a money factor of 0.0017 and all sort of nonsense fees.

If anyone knows a no bs dealer that is willing to sell a car for ~$1k over invoice and doesn't try to add bogus fees and insane money factor and other such nonsense I'd love to know their name.

Thanks,
A frustrated car shopper

Nick Lagas at Herb Chambers Boston. NO BS. Great guy. End of story.

[DFW_M]

For those people in the Bay Area (or elsewhere, like myself), I had a really painless and positive experience with Danielle @ Weatherford BMW in Berkeley, CA.
Easy to deal with, on top of things - answering emails/text early in the mornings, on her days off, etc., even though I encouraged her not to reply on her day off.
In the end, the car was shipped to Dallas, TX, the shipper scratched my side rocker and Danielle and her team settled everything and immediately compensated me for the repairs and shipping.
Everything was done through emails or text and first time I talked to someone over the phone was when the finance department (it is a lease) called me to discuss tire protection and a few other options.
MF 0.0013, no dealer fees, monthly payment within a cent of my spreadsheet calculator!

[cncmastr]

Originally Posted by marcw

I erroneously took 0.93 from ED MSRP. More accurate way is US MSRP * 0.93 * 0.92. This gets you within $50 of the true ED wholesale price.

Dumb question, did you actually do an ED or did you negotiate a price based on ED pricing?

[elbmw]

Thumbs up for David Padgalskas from BMW of Portland. Great guy! Car buying couldn't be any easier.

[akamomo]

Originally Posted by kfilter

My family has bought numerous cars from Greg Poland at Pacific BMW and always had a great experience

+1

Greg Poland is the best in So Cal that I've dealt with. My current car is from him. I've done well in the past with Jon Shafer and have also leased from him. Unfortunately the last time dealing w Jon his dealership screwed things up so badly I will not use him again (as long as he's there).

Both of these SAs have a very deep reputation of making very strong and very simple deals if you know how to ask (invoice + pricing before incentives, buy rate mf, base stated residual).