No dealer markup on Buyouts unless CPOed?
I've been trying to negotiate a buyout price for my 2005 X5 4.4 due in a month. My goal was set at $23K which blueX54.4 at right coast claimed to have been offered. However, my local dealer's best offer was 25.7K(from $34.7k Residual) that expires on 18th.
With a PM assistance from CA911, I made few phone calls to sales manager within 50 miles. As soon as I mention I wouldn't want it CPOed, they were so fast to get rid of me, "you should call BMW Financial."
I spoke with my local sales manager who insists that unless it is CPOed dealer won't make a dime. It is all in customer service, him making call to BMWF, because I bought two cars there. They also told me that the buyout price BMWF offers fluctuate depends on X5's national stock it tends to go up when return days nears. Have I spoke with a wrong people, or market has changed?
Only repair the vehicle requires in foreseeable future is a torn outer CV Boots.
Dealer tells me the buyout price will go up as the returns days nears...
What shall I do?
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