M2 for $107,000k in Los Angeles

srleadjb · 05-20-2016, 07:21 PM

Local dealer just got a Black M2 yesterday. Talked to my salesman to see if they'd take $10k over. Salesman said it's already sold and showed me the IOU for $107,000K! $50k over sticker. Buyer is un-named Celeb....WOW!

He is suppose to pick it up today. If he doesn't, they will take no less than $25k over.....

Bluenose-2er · 05-20-2016, 07:46 PM

That is not going to set any precedent... it is just someone with more money than brains.... or just doesn't give a sh*t. It is waaaay outside the supply-demand curve.

Tag · 05-20-2016, 07:56 PM

All I can think of is the Porsche you could get for that $$$. It'll be back up for sale in less than a year. Wait for it...

Tag · 05-20-2016, 07:57 PM

P.S. $25k over? Counter offer is GFYS

srleadjb · 05-20-2016, 08:17 PM

Quote:

Originally Posted by Tag

P.S. $25k over? Counter offer is GFYS

Reedomn · 05-20-2016, 08:22 PM

Timberlake.

srleadjb · 05-20-2016, 08:23 PM

Quote:

Originally Posted by Reedomn

Timberlake.

It is a musician

Reedomn · 05-20-2016, 08:24 PM

Prince? Oh wait....

Ian ///M · 05-20-2016, 08:43 PM

Too soon, too soon.

Benzima · 05-20-2016, 09:14 PM

I will give my allocation for just 25k over MSRP. Contact me via PM

3tekcorps · 05-21-2016, 12:48 AM

Wow. That's serious. How do I sell my car? I want the car, but could sure use the cash.

Nine Lives · 05-21-2016, 07:32 AM

Nick2016M2 · 05-21-2016, 01:35 PM

elinstylez · 05-21-2016, 07:45 PM

Quote:

Originally Posted by srleadjb

Local dealer just got a Black M2 yesterday. Talked to my salesman to see if they'd take $10k over. Salesman said it's already sold and showed me the IOU for $107,000K! $50k over sticker. Buyer is un-named Celeb....WOW!

He is suppose to pick it up today. If he doesn't, they will take no less than $25k over.....

Which dealer is it so I can make sure to never give them my business.

M2OG · 05-21-2016, 09:12 PM

Quote:

Originally Posted by elinstylez

Which dealer is it so I can make sure to never give them my business.

this.

OrangeCrush · 05-21-2016, 11:47 PM

Quote:

Originally Posted by Reedomn

Timberlake.

Nope, Bieber.

Carnook · 05-22-2016, 12:40 AM

Quote:

Originally Posted by OrangeCrush

Nope, Bieber.

Well in that case the IOU is for $107k CAD, which is really just list price in USD

Bluenose-2er · 05-22-2016, 07:55 AM

Quote:

Originally Posted by elinstylez

Which dealer is it so I can make sure to never give them my business.

This is an understandable attitude. But if the car was not taken from someone's firm allocation, do you really expect any business to turn down $50K straight profit? Much as I hate seeing rich people buying their way to the front of a line, the salesman that turned that offer down would likely be looking for work today.

Carnook · 05-22-2016, 10:24 AM

Quote:

Originally Posted by Bluenose-1er

But if the car was not taken from someone's firm allocation, do you really expect any business to turn down $50K straight profit?

If it's against BMW policy then yes. Dealers should be thankful enough that BMW has created a car that is flying off the lots without any effort at all. Instead, dealers allow their sense of entitlement and hubris to negatively impact the customer experience.

element241 · 05-24-2016, 11:12 AM

Quote:

Originally Posted by Bluenose-1er

This is an understandable attitude. But if the car was not taken from someone's firm allocation, do you really expect any business to turn down $50K straight profit? Much as I hate seeing rich people buying their way to the front of a line, the salesman that turned that offer down would likely be looking for work today.

I don't think the issue is with the dealer taking a "$50K over" deal. The issue is with the dealer's insisting on $25K over if the original deal falls through.

Bluenose-2er · 05-24-2016, 02:27 PM

Quote:

Originally Posted by element241

I don't think the issue is with the dealer taking a "$50K over" deal. The issue is with the dealer's insisting on $25K over if the original deal falls through.

$25K... $50K... whatever the market will bear. Hard to go back down to MSRP profit margin when you have almost tasted such a potential windfall!

Sadly, there are enough buyers out there to give them some success in this approach. Otherwise these scenarios would not come up.

pruettfan · 05-24-2016, 03:12 PM

There are always these crazy stories, a lot of them come out of the silicon valley when cars like the I8 comes out but those are the one case that gets attention. It seems that the market adjustments that are getting buyers are at 5k. Over the years we have heard these stories about just about every hot car that comes out new, the Viper, early ZR1's, NSX etc etc. I don't think we will see market adjustments for very long (perhaps 6 months or so) but there will always be someone with disposable cash who doesn't want to wait or shop around.

05-20-2016, 07:21 PM	#1
srleadjb Private First Class 184 Rep 135 Posts Drives: 2016 M2 LBB DCT Join Date: Sep 2010 Location: LA, calif iTrader: (0) Garage List 2016 M2 [0.00]	M2 for $107,000k in Los Angeles Local dealer just got a Black M2 yesterday. Talked to my salesman to see if they'd take $10k over. Salesman said it's already sold and showed me the IOU for $107,000K! $50k over sticker. Buyer is un-named Celeb....WOW! He is suppose to pick it up today. If he doesn't, they will take no less than $25k over.....
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05-20-2016, 07:46 PM	#2
Bluenose-2er Captain 575 Rep 790 Posts Drives: 2017 LBB 6MT M2 Join Date: May 2013 Location: Halifax iTrader: (0)	That is not going to set any precedent... it is just someone with more money than brains.... or just doesn't give a sh*t. It is waaaay outside the supply-demand curve.
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05-20-2016, 07:56 PM	#3
Tag this is the way 18155 Rep 8,527 Posts Drives: N-1 starfighter Join Date: Jan 2007 Location: Chicago iTrader: (3)	All I can think of is the Porsche you could get for that $$$. It'll be back up for sale in less than a year. Wait for it...
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05-20-2016, 07:57 PM	#4
Tag this is the way 18155 Rep 8,527 Posts Drives: N-1 starfighter Join Date: Jan 2007 Location: Chicago iTrader: (3)	P.S. $25k over? Counter offer is GFYS
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05-20-2016, 08:22 PM	#6
Reedomn Major 678 Rep 1,469 Posts Drives: Lambo Huracan/RR Velar/C8 Join Date: Feb 2008 Location: Minneapolis iTrader: (15)	Timberlake. __________________ Lambo Huracan, Cherokee SRT, C8 on order. Sold- 458, GT3, f80 M3, e82 1M, f87 M2, e30 M3, e90 M3, e36 M3, e34 M5, e36 M3, e30 M3........
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05-20-2016, 08:24 PM	#8
Reedomn Major 678 Rep 1,469 Posts Drives: Lambo Huracan/RR Velar/C8 Join Date: Feb 2008 Location: Minneapolis iTrader: (15)	Prince? Oh wait.... __________________ Lambo Huracan, Cherokee SRT, C8 on order. Sold- 458, GT3, f80 M3, e82 1M, f87 M2, e30 M3, e90 M3, e36 M3, e34 M5, e36 M3, e30 M3........
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05-20-2016, 08:43 PM	#9
Ian ///M Captain 491 Rep 656 Posts Drives: '17 AW M2 (DCT) Join Date: Apr 2013 Location: VA iTrader: (0)	Too soon, too soon.
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05-20-2016, 09:14 PM	#10
Benzima Colonel 1324 Rep 2,924 Posts Drives: 2017 BMW M2 Join Date: Nov 2015 Location: Montreal, CANADA iTrader: (0)	I will give my allocation for just 25k over MSRP. Contact me via PM __________________ BMW ///M Club Montreal BMW ///M Club Montreal Facebook Page
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05-21-2016, 12:48 AM	#11
3tekcorps Major 826 Rep 1,015 Posts Drives: In Gestation Join Date: Jan 2016 Location: USA iTrader: (0)	Wow. That's serious. How do I sell my car? I want the car, but could sure use the cash.
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05-21-2016, 07:32 AM	#12
Nine Lives Captain 602 Rep 886 Posts Drives: Austin Maxi Join Date: Feb 2016 Location: UK iTrader: (0)
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05-21-2016, 01:35 PM	#13
Nick2016M2 Private 40 Rep 52 Posts Drives: 2016 M2 Join Date: Jan 2016 Location: Buffalo, NY iTrader: (0) Garage List 2016 BMW M2 [0.00]
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05-24-2016, 03:12 PM	#22
pruettfan Brigadier General 1622 Rep 3,402 Posts Drives: 2017 M2, LBB, DCT, Exec Join Date: Jul 2009 Location: Chandler, AZ iTrader: (0)	There are always these crazy stories, a lot of them come out of the silicon valley when cars like the I8 comes out but those are the one case that gets attention. It seems that the market adjustments that are getting buyers are at 5k. Over the years we have heard these stories about just about every hot car that comes out new, the Viper, early ZR1's, NSX etc etc. I don't think we will see market adjustments for very long (perhaps 6 months or so) but there will always be someone with disposable cash who doesn't want to wait or shop around.
	Appreciate 0 Quote