How did I get such a low discount?

Dan_335i · 08-05-2013, 07:57 PM

I reviewed my dad's contract when he purchased his x5 in Oct 2008. (I was bored and went digging)

The cars MSRP is $79,300 tax not included.
He got a discount of $9600.00 on the vehicle.

Thats what it said on the contract and interest rate is 0.9%.

My question is the dealer basically gave a 12% discount? The SUV was brand new and it was only the 3 year of the E70 platform.

I was only able to get a discount of 6% off my 335i. Wouldn't the dealer lose profit?

This is based in canadian pricing.

fatmatt0116 · 08-05-2013, 09:33 PM

your dad was a better negotiator

P1 · 08-05-2013, 09:48 PM

Quote:

Originally Posted by fatmatt0116

your dad was a better negotiator

This

PbPedis · 08-05-2013, 10:18 PM

There may have been a factory rebate. BMW was giving a $10K rebate when I purchased my X5 M. This is in addition to whatever discount you were able to negotiate with your dealer.

mavic1010 · 08-05-2013, 10:30 PM

I bought an X5 during the same time. Here in the states, it was the major housing crash. I purchased mine in September of 08. They still had a bunch of X5's, barely any sales people and were willing to negotiate to just get the car off the lot. In addition, they were offering 0.9%. I purchased my $57k X5 for little over $50k. My brother purchased a 5 series with the same discount.

In comparison, I was reading on the boards people buying X5's for almost MSRP just 3-4 months prior.

canucks99 · 08-06-2013, 01:07 AM

Depending on the time of purchase, the dealership often gives factory rebates. Normally this has to do with supply and demand of the vehicle and overall inventory and when the following year's model is coming out. If you want to get the best deal on your car, check out unhaggle.com and it will tell you how much the dealer pays for the car.

08-05-2013, 07:57 PM	#1
Dan_335i Captain 102 Rep 936 Posts Drives: 2014 335i EBII MSport Join Date: Aug 2012 Location: toronto iTrader: (0)	How did I get such a low discount? I reviewed my dad's contract when he purchased his x5 in Oct 2008. (I was bored and went digging) The cars MSRP is $79,300 tax not included. He got a discount of $9600.00 on the vehicle. Thats what it said on the contract and interest rate is 0.9%. My question is the dealer basically gave a 12% discount? The SUV was brand new and it was only the 3 year of the E70 platform. I was only able to get a discount of 6% off my 335i. Wouldn't the dealer lose profit? This is based in canadian pricing. Last edited by Dan_335i; 08-05-2013 at 08:04 PM..
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08-05-2013, 09:33 PM	#2
fatmatt0116 Hooligan 55 Rep 680 Posts Drives: 2014 Porsche Cayenne Turbo S Join Date: Dec 2008 Location: Boston, MA iTrader: (0)	your dad was a better negotiator __________________ 2014 Porsche Cayenne Turbo S 2011 X5 5.0 Dinan - SOLD 2007 Imola Red Z4 M Coupe -SOLD 2004 Navy Blue BMW 325Ci
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08-05-2013, 10:18 PM	#4
PbPedis New Member 0 Rep 6 Posts Drives: 2013 Monte Carlo Blue X5M Join Date: Dec 2012 Location: Ontario, Canada iTrader: (0)	There may have been a factory rebate. BMW was giving a $10K rebate when I purchased my X5 M. This is in addition to whatever discount you were able to negotiate with your dealer.
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08-05-2013, 10:30 PM	#5
mavic1010 Private First Class 55 Rep 161 Posts Drives: G30 530e Join Date: Dec 2006 Location: Los Angeles iTrader: (4)	I bought an X5 during the same time. Here in the states, it was the major housing crash. I purchased mine in September of 08. They still had a bunch of X5's, barely any sales people and were willing to negotiate to just get the car off the lot. In addition, they were offering 0.9%. I purchased my $57k X5 for little over $50k. My brother purchased a 5 series with the same discount. In comparison, I was reading on the boards people buying X5's for almost MSRP just 3-4 months prior.
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08-06-2013, 01:07 AM	#6
canucks99 Registered 1 Rep 4 Posts Drives: 2012 X5 35d Join Date: Aug 2013 Location: Canada iTrader: (0)	Depending on the time of purchase, the dealership often gives factory rebates. Normally this has to do with supply and demand of the vehicle and overall inventory and when the following year's model is coming out. If you want to get the best deal on your car, check out unhaggle.com and it will tell you how much the dealer pays for the car.
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