Anyone else getting seriously pissed about pricing...

NavNurs · 01-01-2008, 01:31 AM

Yes, good point. Happy New Years to all. For those in harms way; thanks for your service and please continue to keep your heads down!

JoB01 · 01-01-2008, 09:04 AM

Quote:

Originally Posted by InJapan

If not, I may cancel my order. This is irritating to the extreme.
I hope that someone from BMW is watching this board.

I bet if someone from BMW is watching this board, they are laughing....

phoenixbmwlife · 01-01-2008, 09:35 AM

Quote:

Originally Posted by swamp2

335i pricing was not released until the car hit dealer showrooms. This does not bode well for getting M3 pricing all that soon. If LA did not have pricing, I see no reason why Detroit would either. Although, we have heard that dealers may get demo cars in Jan.

BMW has their reasons to do this and think it is all about the competiton. The price of the car is really important becuase they have to make it last (along with some small year upon year increases) for the life of the car, which will be about 6 years. No one can judge the economy accurately 1 year out, let alone 6. That being said I do think it is a disservice to many folks who are considering the M3 but have already neeeded to or will soon need to make definitive decisions about their next car or next lease, etc. Without a price most simply will not make a decision (obviously). I'm sure BMW believes that the small pool of folks adversely affected, as well as all of us hardcore enthusiasts who simply really want to know right now, do not represent a large enough sample to feel obligated to our curiousity/anxiousness/desires. You are talking about a half year or so of folks vs 6 years, maybe 8% of the total lifespan buying population.

As much as it sounds like I am defending BMWs ways they still really do piss me off. It makes no sense how folks can be driving the car all around the world and we don't even know our price - IN THE LARGEST M3 market in the world. It helps to keep me from getting too worked up about it when I realize they are in all liklihood behaving in a perfectly capitalistic fashion that is best for them in the long term.

phoenixbmwlife · 01-01-2008, 09:40 AM

Quote:

Originally Posted by pdjafari

Umm actually insurance gives you what they ASSESS the car is worth, NOT what you owe on the car. This is the reason they provide GAP insurance....

My friend bought a brand new 2006 S2k 1.5 years ago and it was stolen 6 mos. after he bought it. He put down around 5k and financed the other 30k or so. Guess how much insurance gave him?? Around 25k...Not only did he lose his 5k down payment, he also still had to make payments on a car he wasnt driving...

Sorry to burst your bubble...

You are right insurance gives you "Fair" market value for your car, not what you payed for it. However, if he wasn't at fault, and if he was somehow injured he could have gone to a lawyer to get a nice (Tax Free) paycheck from the other insurance company. That's what I did when I had mine.

But I don't know the circumstances of the accident.

Voltigeur · 01-01-2008, 12:21 PM

Quote:

Originally Posted by Keto

Where are you getting 3.5%? That's almost free money.

Given current inflation that IS free money (CPI Y/Y > rate) ... so who's giving that rate???

NavNurs · 01-01-2008, 02:23 PM

Navy Federal Credit Union seems to have decent rates. I got 3.5% for my new Offroad Xterra and am planning on a big chunk for the M.

This is totally off topic, but is there a way to know at what $$ level auto loans decrease ones FICO score? I plan on buying a house in the next couple of years and am thinking 60K in loans may not help the process. I could pay cash for the car but figured on just leaving it in the money market?

http://www.navyfcu.org/

Keto · 01-01-2008, 03:56 PM

Your cash flow and savings are weighed in by the mortgage company, but really, it's the unsecured debt (credit cards, etc) that blow your FICO score out of the water. Get a report, clean them up. Remember, having loans and paying them back on time increases your credit score over "Mr. Cash Only" since you have a track record. As long as you pay your debts regularly and don't go over the magic debt/income ratios you'll generally be fine. Those debt ratios are measured by cash flow rather than absolute debt -- $1000 a month with 12 months left to go vs $1000 a month with 48 months left to go is not that different as far as the mortgage company is concerned.

Los Angeles · 01-01-2008, 06:48 PM

e46e92love · 01-03-2008, 10:56 AM

Quote:

Originally Posted by Los Angeles

Thats the back series from MB, correct? Love the black series, absolutely gorgeous.

BTW, someone stated earlier that the dealer in Utah said expect 75k loaded but before taxes.......if that is true, I won't pay it. Ridiculous, not about what I can afford, but about the concept of paying 30k more for the M3 over what I paid for my 335i is just insulting. At that point, I will just spend the 115k or so and get me a Black Series car from MB or the GTR. I would literally laugh at the prospect of spending 80k on an M3......

Epacy · 01-03-2008, 11:38 AM

Quote:

Originally Posted by e46e92love

I would literally laugh at the prospect of spending 80k on an M3......

Lots of people will with the E93 and M-DCT.

SMSgt B · 01-03-2008, 12:04 PM

Quote:

Originally Posted by NavNurs

Good to know NavyFed has decent rates, thanks!

http://www.navyfcu.org/

For those who will finance 60-84 months, you might check out Keesler FCU. 5.2% with auto payments. If you are stationed overseas and a KFCU member already, this will drop to 4.5%, qualified of course. This is the absolute lowest I have found since I am financing 100%.

http://www.kfcu.com/current.rates/loan.rates/index.html

wahoo · 01-03-2008, 03:59 PM

I don't know why they don't announce princing. At least when it comes in at 65K + I can eliminate it from every owning. !#$%@#!%...Living vicariously through you all.

best,
JkD

Epacy · 01-03-2008, 04:42 PM

Quote:

Originally Posted by SMSgt B

... since I am financing 100%.]

Ouch. Should be a serious payment.

Epacy · 01-03-2008, 04:45 PM

Quote:

Originally Posted by NavNurs

Navy Federal Credit Union seems to have decent rates. I got 3.5% for my new Offroad Xterra and am planning on a big chunk for the M.

This is totally off topic, but is there a way to know at what $$ level auto loans decrease ones FICO score? I plan on buying a house in the next couple of years and am thinking 60K in loans may not help the process. I could pay cash for the car but figured on just leaving it in the money market?

http://www.navyfcu.org/

Yes, but they have specific criteria for membership that not all of us meet.

Keto · 01-03-2008, 06:17 PM

Penfed is down to 4.99, and if I remember correctly, you can join some sort of military support association to join it.

www.penfed.org

nusevad · 01-03-2008, 07:25 PM

Quote:

Originally Posted by Epacy

Ouch. Should be a serious payment.

yea...

I plan to go 50/50

jaiman · 01-03-2008, 07:46 PM

Quote:

Originally Posted by NavNurs

If my money market account pays 5.1% and I can get a loan for 3.5%; do I pay cash for the car or do I finance as much as possible? This is for a three year term.

it really depends. How confident are you that the money market fund will stay above the 3.5% for the full 3 years? if you're 100% sure it will then you would want to finance 100% and earn the spread of 1.6% for the 3 years.

it gets trickier if you are unsure what the prevailing mm rate will be over the 3years.

Gadgetman · 01-03-2008, 09:24 PM

I've used Pentagon Federal Credit Union to finance my 2005 E46 M3. At the time they had better rates than Navy Federal Credit Union.

I also plan to pay 50% cash and 50% finance.

SMSgt B · 01-04-2008, 03:25 AM

Quote:

Originally Posted by Epacy

Ouch. Should be a serious payment.

Yeah I know but I get to keep my savings the way they are now plus this will be coming out of my retirement check soon. I deserve a BIG present after 24 years of service...nothing bigger than a M3

BMWCali · 01-04-2008, 06:18 AM

OK, I wasn't pissed before but now it's January and the first M3s are suppose to be hitting the States in the next 8 weeks. Is BMW on crack or something? Where is the pricing info?!?!?!?

Hans Delbruck · 01-04-2008, 07:26 PM

I'm more puzzled that we haven't heard of or seen any spy shots of M-DCT....

ACZakka325i · 01-04-2008, 09:04 PM

Quote:

Originally Posted by e46e92love

Thats the back series from MB, correct? Love the black series, absolutely gorgeous.

I will just spend the 115k or so and get me a Black Series car from MB or the GTR. I would literally laugh at the prospect of spending 80k on an M3......

The Black Series I looked at today had a sticker of $135k, thats when I laughed.

01-01-2008, 01:31 AM	#23
NavNurs First Lieutenant 13 Rep 308 Posts Drives: E92 / S2000 beater Join Date: Apr 2006 Location: San Diego iTrader: (0)	Yes, good point. Happy New Years to all. For those in harms way; thanks for your service and please continue to keep your heads down!
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01-01-2008, 02:23 PM	#28
NavNurs First Lieutenant 13 Rep 308 Posts Drives: E92 / S2000 beater Join Date: Apr 2006 Location: San Diego iTrader: (0)	Navy Federal Credit Union seems to have decent rates. I got 3.5% for my new Offroad Xterra and am planning on a big chunk for the M. This is totally off topic, but is there a way to know at what $$ level auto loans decrease ones FICO score? I plan on buying a house in the next couple of years and am thinking 60K in loans may not help the process. I could pay cash for the car but figured on just leaving it in the money market? http://www.navyfcu.org/
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01-01-2008, 03:56 PM	#29
Keto Lieutenant Colonel 73 Rep 1,603 Posts Drives: F80 M3 Join Date: Jul 2007 Location: WHO DAT NATION iTrader: (1) Garage List 2015 BMW M3 [10.00]	Your cash flow and savings are weighed in by the mortgage company, but really, it's the unsecured debt (credit cards, etc) that blow your FICO score out of the water. Get a report, clean them up. Remember, having loans and paying them back on time increases your credit score over "Mr. Cash Only" since you have a track record. As long as you pay your debts regularly and don't go over the magic debt/income ratios you'll generally be fine. Those debt ratios are measured by cash flow rather than absolute debt -- $1000 a month with 12 months left to go vs $1000 a month with 48 months left to go is not that different as far as the mortgage company is concerned.
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01-01-2008, 06:48 PM	#30
Los Angeles Steve Forte Rio 149 Rep 2,393 Posts Drives: 08' 328i Join Date: Aug 2007 Location: 90036 iTrader: (0)
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01-03-2008, 03:59 PM	#34
wahoo Bangin' my head against the wall 15 Rep 460 Posts Drives: '08 335i Join Date: Jul 2005 Location: atlanta iTrader: (0)	I don't know why they don't announce princing. At least when it comes in at 65K + I can eliminate it from every owning. !#$%@#!%...Living vicariously through you all. best, JkD
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01-03-2008, 06:17 PM	#37
Keto Lieutenant Colonel 73 Rep 1,603 Posts Drives: F80 M3 Join Date: Jul 2007 Location: WHO DAT NATION iTrader: (1) Garage List 2015 BMW M3 [10.00]	Penfed is down to 4.99, and if I remember correctly, you can join some sort of military support association to join it. www.penfed.org
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01-03-2008, 09:24 PM	#40
Gadgetman Captain Darren 12 Rep 157 Posts Drives: Canadian Regional Jet 900 Join Date: Oct 2007 Location: KJAX/KDFW iTrader: (0)	I've used Pentagon Federal Credit Union to finance my 2005 E46 M3. At the time they had better rates than Navy Federal Credit Union. I also plan to pay 50% cash and 50% finance. __________________ 2015 Porsche GT3 (sold) 2008 Porsche C4S (sold) 2008 BMW E60 M5 Space Gray (sold) 2005 BMW E46 M3 TiAg (sold)
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01-04-2008, 06:18 AM	#42
BMWCali Expect the Unusual 259 Rep 1,344 Posts Drives: 2018 X6M Join Date: Jun 2007 Location: U.S.A. iTrader: (1)	OK, I wasn't pissed before but now it's January and the first M3s are suppose to be hitting the States in the next 8 weeks. Is BMW on crack or something? Where is the pricing info?!?!?!?
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01-04-2008, 07:26 PM	#43
Hans Delbruck Major 75 Rep 1,288 Posts Drives: C63, 135i, Evo FE, GLE63 Join Date: May 2005 Location: Huntington Beach, CA iTrader: (0)	I'm more puzzled that we haven't heard of or seen any spy shots of M-DCT....
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