I thinking to buy an BMW 335i in (SHELLY BMW-Buena Park) end this month, What kind negotiation skill I must have?? and what is best to do in order to get ""INVOICE"" price?? and one more problem....my credit is ""very bad"" I know those dealership will use this to against me but how do I solve it??
Here is my option so you will know the price around.
6-SPEED STEPTRONIC AUTOMATIC TRANSMISSION
SPORT PKG
PADDLE SHIFTERS
CONFER REMOTE
PRICE::(INVOICE)
39,820$
PRICE::(MSRP)
42,950$
2007-10-15
08:22:56
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11 answers
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asked by
dds
1
in
Cars & Transportation
➔ Car Makes
➔ BMW
WOW after week and 1/2 I feel I have ""spank"" by many people....true if my credit is 600-650 I think I'm out chance to see the BMW car... V_V anyone will suggestion for another bread to buy the car with credit I have now.
PS::I really thank many people give me good point view to buy an car, but is silly that I think people did not think closely...If I already want buy BMW that mean...I already have $ to buy
the car(makes me work hard 3 years) the total I can put in as down payment is around 20000$ I guess that won't be a problem when I
then those money in my case(^_^;;)....O and one more thing..I'm not lesses but after buy one car I'm goner use for another 5-10 years(I hope I can keep that long). I hear some people tell me that maintainer is $_$ but come to think first 3 years with 50000 miles no cost might be better then Lexus or Infinity. and quality of BMW I believe it won't shout me down even after 5 years right guys??
2007-10-17
09:12:22 ·
update #1
I have to concur with the first answer. If you have very bad credit, you should not be buying a 335i.
I have excellent credit, but I only purchased a 328i, because I wanted lower payments and I wanted to live within my means.
Even if you purchase this car for invoice, which is just not going to happen, the payments on a 5 year term at 7.82% are over $850. At 9% you are up to nearly $900 per month.
If you have very bad credit, but an income that can support this, you need to rebuild your credit, buy a much cheaper sensible car, and pay off all your debts.
Your bad credit costs you with everything from motor insurance, loans, credit cards. Almost everything you do is going to be negatively affected by having poor credit. Buying this BMW is going to make your income to debt ratio look bad, on top of having poor credit. This compounds the situation.
If you have enough disposable income to buy a car with an $850 car payment, you should buy a house instead. Then you can slowly rebuild your credit while building equity in your home.
2007-10-15 09:18:19
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answer #1
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answered by ZCT 7
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Don't bother expecting invoice, even with stellar credit. Most BMW do NOT sell close to invoice, you will have to let the dealer make a profit.
First of all your invoice price is off by a few hundred, i'm using NY pricing but it should be similar. If you negotiate well, you should be able to get it for 41000-41500.
And, considering your credit sucks and they'll have to work hard to get you done, you really have no right asking for invoice. It's an insult.
2007-10-17 04:02:47
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answer #2
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answered by jay 7
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when i was looking to buy mine, my dad did it via the internet and sent out the car specifications that he wanted and asked all the local garages to come back with their best prices. Beverly Hills BMW came with the best price but my dad pushed it even more and said that a different dealership could get it cheaper by a $1000 but BH was closer. We ended up getting another grand off the car. With regards to a bad credit rating I don't know how you could get passed that. But if you honestly have such a bad credit rating, do you really want to live above your means rather than waiting until you sort out your credit rating?
2007-10-17 07:41:47
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answer #3
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answered by Sociology_Is_My_Life 2
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Hi Rest.ownerbee Good news - Bad news. Bad - the vehicle was out of warranty. Good - When the rep looks at the vehicle, (request he come to where it is - If he will not - then request they tow it where they want it). INSIST on being there when he assess the vehicle. Take all your receipts - (especially the last one when they checked the white smoke complaint). Explain: You have always brought your vehicle to the Dealer to provide RELIABLE and EXPERT SERVICE. You brought it in as soon as the problem was apparent and had 100% confidence they would properly diagnose the problem, ( Every training institution covers white exhaust smoke and is a 99% chance of a problem with leakage of coolant into the engine combustion chamber). You feel if it had been properly diagnosed - it could have been repaired two weeks earlier, before extensive damage was done. Lastly: Tell him - You have friends with BMW's and after conversations with them concerning vehicle quality and service - you decided to purchase one. Then ask him - Were they and I wrong? P.S. Be nice.
2016-05-22 19:36:51
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answer #4
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answered by ? 3
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if you have the money or if you can pay for it in cash. If you have the money and still dont want to spend it all on your bmw try to get the loan BUT they will put you through some crap first. If youre credit is ok they maybe can pull some strings, if its bad then i doubt you will get one. You need proof of income or have a decent amount of money. Also decent /good credit. They will not lower the amount down too much either. Good luck.
2007-10-17 14:21:41
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answer #5
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answered by RJ 1
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I agree with the other two comments.
If you have a bad credit you should pay in cash, but only after paying all you are in bad credit for.
How did you manage to have a bad credit? You don't pay your debts? You should pay them first before even thinking of getting such an expensive auto and not even enjoy it if you have trouble paying every month.
Be rational about your possibilities and don't dream about the dealership giving you any special price ... that car is one of the best they have, no need to give it away.
good luck
2007-10-15 11:27:07
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answer #6
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answered by GreenEyes 7
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I did the same thing as vickywood's dad did when purchasing my BMW. I sent my specifications to every BMW dealership within 100 miles of where I lived in an email.
I asked them how much discount I could get. I took that information to my "preferred" dealership, the one closest to me, and asked them to match it plus $500.
2007-10-18 00:35:05
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answer #7
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answered by nutwpinut 5
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its not the price of the car that is going to hurt you, its going to be your KILLER interest rate, that is if you even get approved for the auto loan.
i would work on building up your credit THEN buying a nice car. when you have good/excellent credit you will get a much better interest rate on your auto loan, which will MORE THAN MAKE UP the difference in the price of the car.
2007-10-15 22:00:47
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answer #8
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answered by Anonymous
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If you want to negotiate from a true position of power, pay cash. If you have very poor credit, then you obviously cannot handle money (credit) appropriately so you have no business buying a $40,000 car.
How do you think you got the bad credit to start with?
2007-10-15 08:35:40
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answer #9
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answered by Anonymous
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You should considering leasing a 335 or a lesser expensive 3 series which is typically 30-40% less each month on your payments.
2007-10-16 06:36:27
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answer #10
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answered by JT T 3
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