What' a 'good' deal?

X5Flyboy · #1 02-03-2006, 04:51 AM

Anyone know what a 'good' deal is? - wholesale vs list seems to be about 10% - most dealers(stealers) I've talked to only offer 1% discount - my local dealer offered 3% - I don't mind paying a premium, since my local dealer will never see it, so will not benefit from service/maintenance - from what I've heard (read) on this website, the local dealership has really treated me right on my '01 X5

Your thoughts?

Jeremy · #2 02-03-2006, 12:21 PM

A lot of people are going to have a lot of opinions, but here is my $.02:

Assuming you are talking about 1-3% over invoice cost, I think this is a good deal. I think somewhere between 2-2.5% is a great deal, but wouldn’t be unwilling to go 3% on a high demand vehicle. Finding a leftover 05 would certainly help things. No matter the percent, be sure you and the dealer have the same definition of what constitutes invoice cost. Many people I have known thought it was invoice cost of only the vehicle while the dealer usually defines it as cost of selling the vehicle. Below is what I think your 3% offer from you dealer probably looks like.

X5Flyboy · #3 02-03-2006, 02:17 PM

I'll have to due more homework, but I was talking -3% from list, which sounds like a 7% markup from wholesale. Thanks for the input.

Jeremy · #4 02-03-2006, 02:49 PM

Quote:

Originally Posted by burkleymh

I'll have to due more homework, but I was talking -3% from list, which sounds like a 7% markup from wholesale. Thanks for the input.

FWIW - I think the average auto sale in the US is 6-8% over invoice.