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      09-25-2020, 11:15 PM   #1
EKG 12
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Angry US above MSRP dealer markup

I got blindsided by my local dealer for a $5k fee over MSRP at signing day (#! waitlist for 1.5 years). My wife and I have been buying from them for 20 years, including my current E46 M3 special order car. I knew that they had at least two other waitlist interested buyers...so I relented to the $5k. I am still angered by it though.

How many US buyers are paying a premium price?? I am in Texas...,not CA, where this is a standard practice.

Respond with your MSRP, above, or below comments.

Thanks much.
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      09-25-2020, 11:47 PM   #2
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You have completed paperwork on an M2CS?

Wow...
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      09-25-2020, 11:59 PM   #3
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Yikes. Sucks that you signed the paperwork .
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      09-26-2020, 12:02 AM   #4
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Quote:
Originally Posted by EKG 12 View Post
I got blindsided by my local dealer for a $5k fee over MSRP at signing day (#! waitlist for 1.5 years). My wife and I have been buying from them for 20 years, including my current E46 M3 special order car. I knew that they had at least two other waitlist interested buyers...so I relented to the $5k. I am still angered by it though.

How many US buyers are paying a premium price?? I am in Texas...,not CA, where this is a standard practice.

Respond with your MSRP, above, or below comments.

Thanks much.
fk no, i would have ran and found the car elsewhere, plenty of dealers offering MSRP.. this car just isn't that special to be charging 5k over msrp.. there are like 15 in europe sitting around at dealers.. us market will be no diff..

but whats done is done, enjoy the car and don't look back and let it ruin your purchase
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      09-26-2020, 12:32 AM   #5
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Dude, peeps are paying more than 5k mark up for a Type-R for years now. As long as you happy you good... but I won't do that!
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      09-26-2020, 05:40 AM   #6
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Go find another dealer, then cancel your order.
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      09-26-2020, 06:10 AM   #7
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I wouldn't do it because I think it is already a bit overpriced and there are probably still cars available at MSRP. If you have to have the CS and you're buying local, then consider shipping cost into your calculations. That might help soften the ADM. Msrp here. I agree with taking business elsewhere.
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      09-26-2020, 06:37 AM   #8
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The M2 CS is overpriced.

With a markup, it's over-overpriced.
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      09-26-2020, 07:34 AM   #9
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You could find one of many remaining open allocations anywhere in the US, pay to have it shipped, and still save lat least 3 grand on a 5k markup.

Your dealer is a dick.
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      09-26-2020, 08:51 AM   #10
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Where in Texas are you? I'm in Austin, Texas and my dealer is selling at MSRP (except I'm the only allocation).
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      09-26-2020, 10:20 AM   #11
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My local dealer here in Michigan has an allocation. No markup. And you get a free road trip out of it
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      09-26-2020, 10:32 AM   #12
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Sounds like a dealer in DFW.
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      09-26-2020, 12:30 PM   #13
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Please post dealer name as this is complete BS. And this Is only way to eliminate these price gouging practices. A friend of mine had an order for an RS6 and he went to pick it up and dealer charged him $25k over MSRP (Audi Central in Houston). He walked. He had given them 19 referrals in the last year as well. That made no difference. Anyway, post these dealers names for everyone to see so we can take our business elsewhere.
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      09-26-2020, 12:58 PM   #14
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I don’t want to be the guy that says this, but they do it because it works. You signed the paperwork. They’ll gladly trade away your satisfaction for $5k.

When I got my M2 Comp there was a lot of demand out there and not much supply. I drove to the dealership to sign the paperwork and they asked for $20K more, then $5k, then $1500. I left and while was in the car driving back to San Diego I just called random BMW centers throughout Cali. Took only about 30 mins to find one selling at MSRP. My suggestion would be to do the same. Shipping won’t be $5k so you’ll likely come out on top. Besides, the M2 CS doesn’t appear to be in such high demand (really all CS cars) so I think you’ll be able to find a dealership with an allocation.
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      09-26-2020, 01:07 PM   #15
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Unfortunately this happened to me as well, and they want to force me to have CCB as well. I had money down on it for almost a year. The dealer is Herb Chambers in Boston. I found another dealer who doesn't do this cheap tactics and I'm never dealing with them again.
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      09-26-2020, 01:19 PM   #16
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I’m hoping the deposit is refundable? If so back out and get it from a dealer selling at MSRP, seems like there are still plenty out there per forum posts or by doing some leg work. I put my deposit down quite a while ago and always get my agreements in writing for MSRP, it’s a good safety measure!
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      09-26-2020, 02:23 PM   #17
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Quote:
Originally Posted by hansomatic View Post
I would *never* pay a dealer mark-up on a new car. And if I had a relationship with a dealer and they surprised me with a $5k mark-up on signing day, that relationship would be over. I'm not opposed to dealers let the market dictate the price. I'm a capitalist. But don't be a douchebag and sure as hell be loyal to the customers who are loyal to you. It's just good business.
I agree
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      09-26-2020, 03:38 PM   #18
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It's policy for all my dealer's stores...NO MARK UP.
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      09-26-2020, 04:43 PM   #19
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Quote:
Originally Posted by Gunnerforlife View Post
Unfortunately this happened to me as well, and they want to force me to have CCB as well. I had money down on it for almost a year. The dealer is Herb Chambers in Boston. I found another dealer who doesn't do this cheap tactics and I'm never dealing with them again.
Wow, that's really weird. I worked with Herb Chambers of Boston and it was nothing but a pleasant experience and I got 18% off my X3M Comp so it's not like they made a ton/any money off me.
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      09-26-2020, 04:44 PM   #20
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Quote:
Originally Posted by M3tallicar View Post
I’m hoping the deposit is refundable? If so back out and get it from a dealer selling at MSRP, seems like there are still plenty out there per forum posts or by doing some leg work. I put my deposit down quite a while ago and always get my agreements in writing for MSRP, it’s a good safety measure!
I think most state law dictates that the deposit is refundable.
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      09-26-2020, 05:35 PM   #21
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Quote:
Originally Posted by M3tallicar View Post
I’m hoping the deposit is refundable? If so back out and get it from a dealer selling at MSRP, seems like there are still plenty out there per forum posts or by doing some leg work. I put my deposit down quite a while ago and always get my agreements in writing for MSRP, it’s a good safety measure!
It is luckily; and I found a dealer who doesn't do this kind of stuff and signed for MSRP. Thanks to the forums for the information.
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      09-26-2020, 05:38 PM   #22
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Quote:
Originally Posted by robopp View Post
Wow, that's really weird. I worked with Herb Chambers of Boston and it was nothing but a pleasant experience and I got 18% off my X3M Comp so it's not like they made a ton/any money off me.
I thought so too and I have an M3CS from them. I think it's just greed. They only had two allocations and decided to take them and add mark up.
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