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Approved Used BMW - haggling potential?

Discussion in 'Motors' started by commited, Oct 13, 2019.

  1. commited

    Soldato

    Joined: Oct 18, 2002

    Posts: 5,369

    Location: Dublin, Ireland

    Hey folks,

    Thinking of picking up a 68-plate BMW 530e M Sport. There appear to be about 50 identical spec cars (varying in colour) from £27,500 to £30,000 with sub 5k miles. Does anybody know if there would be any scope for haggling on the cheaper of these cars? Is pricing done centrally or individual dealers? I don't mind travelling for the right car/dealer who wants to do business.
     
  2. Dis86

    Capodecina

    Joined: Dec 23, 2011

    Posts: 24,381

    Location: Northern England

    Nyet.
     
  3. tamzzy

    Capodecina

    Joined: May 26, 2012

    Posts: 12,228

    not on price. but could get a service pack thrown in (usually)
     
  4. Infiniteey

    Gangster

    Joined: Sep 23, 2014

    Posts: 171

    Maybe 1k tops if you are good at haggling and have done your research first.
     
  5. [TW]Fox

    Man of Honour

    Joined: Oct 17, 2002

    Posts: 155,746

    What? I've never ever bought an auc at sticker price. There is always room to move.

    The less popular the car the easier it is. The 530e is fairly unloved so there should be scope for a good deal.
     
  6. commited

    Soldato

    Joined: Oct 18, 2002

    Posts: 5,369

    Location: Dublin, Ireland

    Thanks for the replies. I gather if something has been sitting there for a while they're possibly more likely to haggle?

    @Fox - what sort of % would be realistic?
     
  7. tamzzy

    Capodecina

    Joined: May 26, 2012

    Posts: 12,228

    only going on N=2 (not myself though...my friends)
    none of them managed to haggle money off, only service packs thrown in
     
  8. Infiniteey

    Gangster

    Joined: Sep 23, 2014

    Posts: 171

    You'd be suprised how fast cars can get sold. If a car has been sitting there for a while it might have something undesirable about it e.g. Colour, Spec, Engine, Mileage
     
  9. David Flett

    Wise Guy

    Joined: Dec 14, 2017

    Posts: 1,454

    Location: Aberdeenshire

    I got money off my 5 series when I bought it a while back from my local bmw dealership also got a service pack thrown in and gap insurance. I know it probably was subsidised in the price and I did pay for it but they threw it in anyway and I was paying less so was happy. Think they knew I wanted it anyways with 2 test drives on the same day
     
  10. Dis86

    Capodecina

    Joined: Dec 23, 2011

    Posts: 24,381

    Location: Northern England

    I've literally walked on cars and they've not budged! In one instance I told them £500 off and I'd drive it out that afternoon. Still refused to move.
     
  11. David Flett

    Wise Guy

    Joined: Dec 14, 2017

    Posts: 1,454

    Location: Aberdeenshire

    Saying that I tried the Newcastle bmw for a 4 series not long ago and they said there priced to sell no nudging at all and no service packs, wanted a deposit to secure there and then before I'd even went down to see it.
    After speaking to a few other places in the area there known to be pushy! Almost told to be.
     
  12. Infiniteey

    Gangster

    Joined: Sep 23, 2014

    Posts: 171

    Did you get it new?
     
  13. Ahleckz

    Capodecina

    Joined: Nov 7, 2009

    Posts: 17,703

    Location: Glasgow

    People over estimate the profit in a used car. £1200 is about average.
    Though it is going to be a bit more than that on the prestige brands of course.
     
    Last edited: Oct 13, 2019
  14. David Flett

    Wise Guy

    Joined: Dec 14, 2017

    Posts: 1,454

    Location: Aberdeenshire

    No it was approved used from our local one dealership
    (aberdeen bmw)
     
  15. Infiniteey

    Gangster

    Joined: Sep 23, 2014

    Posts: 171

    Thats a really good deal then. I thought they only offered GAP insurance on new cars.

    I got Paint protection and BMW dash cam thrown in when I got my 1 series new earlier this year.
     
  16. MissChief

    Capodecina

    Joined: Jul 17, 2010

    Posts: 18,043

    If they won't budge they either think you'll have it at that price or someone else will within a couple of weeks.
     
  17. [TW]Fox

    Man of Honour

    Joined: Oct 17, 2002

    Posts: 155,746

    There is one particular dealer group which I have heard will absolutely not ever move on price. But they are very much in the minority. As I said, every single AUC car I (4) and my Dad (6) have purchased have been for less than the advertised price.

    Service packs thrown is actually a fairly odd one - the good service packs were the BMW UK ones which the dealers couldn't discount and they cost them pretty much what they cost you, so there is no real incentive to chuck one in - its the same as giving cash off.

    The percentage will vary - you'll get very little off a very keenly priced example of a popular spec combo but you might get a significant amount off something a bit more marmite or something that has been sitting around for quite some time. The biggest I've managed was 10%, but I gather this is a fairly rare amount to expect. Typically it is 2-5%. My last one was too new but I've always managed to get a 2nd year warranty thrown in as well despite the fact some dealers initially claim this is not possible.

    I got hold of a 6 Series GT for my Dad a few months back, it took quite a bit of searching and calling for the right car at the right money but none of the dealers I spoke with refused to move on price - they would all shave something off.

    Obviously many of them are good at their job - if they've worked out you'll buy the car at the sticker price then why would they reduce that?
     
  18. Em3bbs

    Soldato

    Joined: Dec 26, 2011

    Posts: 5,003

    Location: City of London

    You'll only get a very small amount off unless you're leasing it unfortunately. BMW dealers don't like cash buyers anymore.

    We bought two nearly new BMWs from two different franchises in the last year and tried hard to get a discount but it was minimal to say the least.
     
  19. tamzzy

    Capodecina

    Joined: May 26, 2012

    Posts: 12,228

    sytner by any chance? lol
    that was the franchise my friends bought from
     
  20. [TW]Fox

    Man of Honour

    Joined: Oct 17, 2002

    Posts: 155,746

    No. Had two from Sytner in the family and both negotiated. Infact my biggest ever discount (£2k on a 22k 3 Series) was a Sytner.