Timing of Purchase

newbote · 02-02-2022, 08:00 AM

I have a Land Rover Defender that I am in the process of selling for way more then I paid late last year - figured I would bank the profit. Absolutely love the car but can't justify not taking the money. I have pretty much settled on a X5 but don't need another car now - could probably wait 2 months if I needed to. I am in Atlanta area and can find one at MSRP - but based on what I am seeing prices are starting to tick down in the used market. I would think we would start seeing discounts again on new as well as inventory seems to be increasing @ dealers as well. How long does everyone think it will take to start seeing discounts again?

bmwauug · 02-02-2022, 08:44 AM

It will be a while - discounts really only come when dealers have inventory. The current market conditions don't really warrant much from the manufactures (still clawing back to normal). At beast supply chain etc. will SLOWLY start thawing out in Q3.4 time frame...one person's perspective

TurtleBoy · 02-02-2022, 09:13 AM

My guess is that we will start seeing more discounts around Summer but it will be a long time, if ever, until we see the discounts we used to see. I think the days of 10% discounts being normal are going and will be replaced by 5%.

jiggie · 02-02-2022, 09:33 AM

I doubt you will see discounts as soon as early as you might hope. Supply Chain issues will be around for a while, there is still way too low supply for the demand... Like, none of the BMW dealers around me ever have pre-owned X5 inventory and New Inventory is still months behind. Especially if you're looking for a 45e, the two major dealers around me have X5 45e lists that are months away from Production Numbers.

LOFT · 02-02-2022, 11:25 AM

It looks like it would be a profitable cash exchange for you. At the same time, a secondary consideration would be the cost of money. In addition to price discounts, the days of 0% financing have disappeared up here in Canada. But if you can get a low financing rate from BMW, and invest your profits from the Defender, you may come out further ahead.

newbote · 02-02-2022, 11:55 AM

Quote:

Originally Posted by LOFT

It looks like it would be a profitable cash exchange for you. At the same time, a secondary consideration would be the cost of money. In addition to price discounts, the days of 0% financing have disappeared up here in Canada. But if you can get a low financing rate from BMW, and invest your profits from the Defender, you may come out further ahead.

I many times pay cash - but 2.5% is still pretty good. I like trading out cars and this is a way to do that and make some money. I am hoping maybe folks may start coming off MSRP just a bit - S drives here in Atlanta are in inventory and un-sold cars on the lot seem to be increasing.

2dangerous · 02-02-2022, 12:33 PM

Def consider trading to a dealer you're getting the car from and if they can match the offer on Defender. You'll save on Sales Tax that way.

breslaw · 02-02-2022, 01:18 PM

If you are a Vet then BMW provides a discount on the X5 of about $3250.

TurtleBoy · 02-02-2022, 01:41 PM

Quote:

Originally Posted by breslaw

If you are a Vet then BMW provides a discount on the X5 of about $3250.

That has changed for 2022. The amounts now depend on what region of the country you are in. In the Western region it is $1,500 and the rest of the country is $2,000. What also changed was the amount when you lease or finance with BMWFS. In the Western region you can now get $1,500 when you finance and $250 when you lease. In the rest it is $500 when financing or leasing.

The Libertine · 02-02-2022, 06:46 PM

That's the catch, right! Great time to trade, but not the best time to buy.

Try shopping around to various dealers. Inventories vary, as do discounts. You may need to perhaps compromise on an option or two to get a car now, but is a small concession to reap a phenomenal trade-in value.

For me, I held out quite a long time to trade-in until it no longer made financial sense for me not to do so.

B///MWGuy · 02-03-2022, 02:58 AM

I'm skeptical about this supply chain issue with BMW. Their 2021 earnings showed that they manufactured more cars than ever before and supply chain issue hit 2021 as well.

I feel like dealers are just taking advantage of the situation.

newbote · 02-03-2022, 07:51 AM

Quote:

Originally Posted by B///MWGuy

I'm skeptical about this supply chain issue with BMW. Their 2021 earnings showed that they manufactured more cars than ever before and supply chain issue hit 2021 as well.

I feel like dealers are just taking advantage of the situation.

I am beginning to wonder that too. I am seeing cars sit on lots now for some time. I was back and forth btw a GLE and X5 and the same GLE has been sitting @ RBM (dealer) for over a month. Starting to see some Sdrives sit as well - hopefully will start to see some folks budge on price - no luck in Atlanta yet but am starting to look on out skirts of town now. I would think the X5 would be the 1st to budge as they are prioritizing chips for them

02-02-2022, 08:00 AM	#1
newbote New Member 17 Rep 24 Posts Drives: BMW X5 Join Date: Feb 2022 Location: Atlanta GA iTrader: (0)	Timing of Purchase I have a Land Rover Defender that I am in the process of selling for way more then I paid late last year - figured I would bank the profit. Absolutely love the car but can't justify not taking the money. I have pretty much settled on a X5 but don't need another car now - could probably wait 2 months if I needed to. I am in Atlanta area and can find one at MSRP - but based on what I am seeing prices are starting to tick down in the used market. I would think we would start seeing discounts again on new as well as inventory seems to be increasing @ dealers as well. How long does everyone think it will take to start seeing discounts again?
	Appreciate 0 Tweet Quote

02-02-2022, 08:44 AM	#2
bmwauug Major 249 Rep 1,051 Posts Drives: 2023 X5MC Join Date: Nov 2011 Location: Almost There iTrader: (0)	It will be a while - discounts really only come when dealers have inventory. The current market conditions don't really warrant much from the manufactures (still clawing back to normal). At beast supply chain etc. will SLOWLY start thawing out in Q3.4 time frame...one person's perspective __________________ 2023 X5MC \| Donington Grey \| Black
	Appreciate 0 Quote

02-02-2022, 09:13 AM	#3
TurtleBoy General 13530 Rep 20,169 Posts Drives: 2019 X5 40i,2021 M340i Join Date: Jan 2019 Location: Colorado iTrader: (0)	My guess is that we will start seeing more discounts around Summer but it will be a long time, if ever, until we see the discounts we used to see. I think the days of 10% discounts being normal are going and will be replaced by 5%. __________________ 2021 BMW G20 M340i xDrive - Verde Ermes/Black - 03/2024.40 2019 BMW G05 X5 xDrive40i - Phytonic Blue/Cognac - 11/2023.50
	Appreciate 0 Quote

02-02-2022, 09:33 AM	#4
jiggie Captain 451 Rep 895 Posts Drives: BMW X5 45e Join Date: Jan 2022 Location: TX iTrader: (0)	I doubt you will see discounts as soon as early as you might hope. Supply Chain issues will be around for a while, there is still way too low supply for the demand... Like, none of the BMW dealers around me ever have pre-owned X5 inventory and New Inventory is still months behind. Especially if you're looking for a 45e, the two major dealers around me have X5 45e lists that are months away from Production Numbers.
	Appreciate 0 Quote

02-02-2022, 11:25 AM	#5
LOFT Second Lieutenant 183 Rep 260 Posts Drives: BMW X5 45e Join Date: Jan 2022 Location: Toronto iTrader: (0)	It looks like it would be a profitable cash exchange for you. At the same time, a secondary consideration would be the cost of money. In addition to price discounts, the days of 0% financing have disappeared up here in Canada. But if you can get a low financing rate from BMW, and invest your profits from the Defender, you may come out further ahead.
	Appreciate 0 Quote

02-02-2022, 12:33 PM	#7
2dangerous Private First Class 129 Rep 153 Posts Drives: 2022 BMW X6 40i Join Date: Nov 2019 Location: NJ iTrader: (0)	Def consider trading to a dealer you're getting the car from and if they can match the offer on Defender. You'll save on Sales Tax that way.
	Appreciate 0 Quote

02-02-2022, 01:18 PM	#8
breslaw Enlisted Member 16 Rep 47 Posts Drives: x5 45e Join Date: Jan 2022 Location: CA iTrader: (0)	If you are a Vet then BMW provides a discount on the X5 of about $3250.
	Appreciate 0 Quote

02-02-2022, 06:46 PM	#10
The Libertine Major 1237 Rep 1,222 Posts Drives: 2021 Porsche Macan Join Date: Jul 2018 Location: South East, MA iTrader: (0)	That's the catch, right! Great time to trade, but not the best time to buy. Try shopping around to various dealers. Inventories vary, as do discounts. You may need to perhaps compromise on an option or two to get a car now, but is a small concession to reap a phenomenal trade-in value. For me, I held out quite a long time to trade-in until it no longer made financial sense for me not to do so.
	Appreciate 0 Quote

02-03-2022, 02:58 AM	#11
B///MWGuy Lieutenant 264 Rep 507 Posts Drives: 2019 X5 xDrive40i Join Date: Feb 2013 Location: California iTrader: (0) Garage List 2019 X5 xDrive40i [0.00]	I'm skeptical about this supply chain issue with BMW. Their 2021 earnings showed that they manufactured more cars than ever before and supply chain issue hit 2021 as well. I feel like dealers are just taking advantage of the situation.
	Appreciate 1 BMWoody43.00 Quote