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E90 M3 (Sedan) | E92 M3 (Coupe) | E93 M3 (Convertible) (2008-2013) {Engine: S65 - Max Hp: 414 hp (420 hp Euro) at 8,300 rpm / 295 lb/ft at 3,900 rpm}


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Old Fri, Oct-17-2008, 07:33:19 PM   #11
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purchase. They are giving me 60 months and a balloon payment at the end. $1500 discount
That's no deal... this is mid October, not March of 2008 when the M3 just showed up. The 2009 M3s are right beside that leftover 2008. A $1500 "discount" today is an insult.

You got at least $3000 more to go in discount. That will put you at $500 over invoice based on that $71,000 MSRP and 7% profit. That's the difference between putting $5k down and just $2K down for the same monthly payment. And something else: the Balloon payment percentage is proportional to the sales price, so the higher the sales price the higher the Balloon payment. Your credit score determines the Ballon payment percentage and therefore your monthly payments. Do you know how much is the Balloon percentage?

For me this is a sucker ride...
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Old Fri, Oct-17-2008, 07:33:41 PM   #12
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Yeah Kilo, I would certainly expect more of a discount. As Deep said, at least $3K if not $4-$5K even WITH the M school.
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Old Fri, Oct-17-2008, 07:34:33 PM   #13
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Unless I get a deal for an 09' I doubt they'll discount them like the 08's
Well a $1500 discount is not huge. If I had to make the choice at this point in time of getting either an 08 with 1500 off or an 09 msrp, I would get the 09. Just make sure they throw the M school in either way. I bet with some haggling you could get a similar deal on an 09 though.
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Old Fri, Oct-17-2008, 07:34:58 PM   #14
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The M School with the purchase of a 2008 M3 is a BMWNA offer, it is not from any dealer in the USA...
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Old Fri, Oct-17-2008, 07:36:09 PM   #15
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That's no deal... this is mid October, not March of 2008 when the M3 just showed up. The 2009 M3s are right beside that leftover 2008. A $1500 "discount" today is an insult.

You got at least $3000 more to go in discount. That will put you at $500 over invoice based on that $71,000 MSRP and 7% profit. That's the difference between putting $5k down and just $2K down for the same monthly payment. And something else: the Balloon payment percentage is proportional to the sales price, so the higher the sales price the higher the Balloon payment. Your credit score determines the Ballon payment percentage and therefore your monthly payments. Do you know how much is the Balloon percentage?

For me this is a sucker ride...
Don't know the complete numbers yet. I like to talk to sales guys in person to see if they're BS me. I have an appointment tomorrow.

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Old Fri, Oct-17-2008, 07:43:29 PM   #16
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Don't know the complete numbers yet. I like to talk to sales guys in person to see if they're BS me. I have an appointment tomorrow.

They are BS you... I went thru the same crap at that dealer, and the salesperson is a personal friend of mine.
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Old Fri, Oct-17-2008, 07:55:14 PM   #17
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purchase. They are giving me 60 months and a balloon payment at the end. $1500 discount
The only things that matter in determining whether or not it is a "deal", is the amount of discount offered, and the interest rate on the loan. Those factors determine your true cost. The number of payments and the presence, or not, of a remaining balloon balance will impact cash flow, but not cost. I shopped a little for an M3 a few months ago, and was offered a $5K discount before I even expressed a serious interest. The price they are offering you is, IMO, not attractive at all. So,the interest rate is immaterial, because it's not going to make up the difference between this and a good deal. I would (and did) walk away. In my case, I decided on another car, so negotiating a better deal was not of interest to me. But I believe you can do much better.

Last edited by elh0102; Fri, Oct-17-2008 at 09:21:04 PM.
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Old Fri, Oct-17-2008, 08:06:13 PM   #18
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Dude....start the discussion at invoice and work up towards $500 to $700 over invoice. Subtract your down payment, multiply the interest in, subtract the balloon, and divide by 59.

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Old Fri, Oct-17-2008, 08:49:02 PM   #19
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Thanks for the advice guy's.
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Old Fri, Oct-17-2008, 09:12:03 PM   #20
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Thanks for the advice guy's.
and keep us updated.
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Discussing Does this sound like a deal? in the E90 M3 (Sedan) | E92 M3 (Coupe) | E93 M3 (Convertible) (2008-2013) Forum - {Engine: S65 - Max Hp: 414 hp (420 hp Euro) at 8,300 rpm / 295 lb/ft at 3,900 rpm} at BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X)