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socalgn · 02-20-2006, 12:00 AM

Reviews sound good (but, what auto mag doesn't like/love BMW?) Advice- SLEEP ON IT- for a day or 2. BMWs can be uber-expensive, but yous pays yer dough, and you takes yer chances...

Negotiate the warranty into the deal- there's a ton of profit in service plans, usually on the order of 100%. The service contract should add between $20-30 monthly to the contract (depending on term). Check the fine print of the warranty for the following:

Exclusions/exceptions
reimbursables- do you pay up front & get reimbursed, or just pay deductible?
Parts vs labor coverage
service area (do you have to go to the selling dealer, or any service facility you choose?)
deductibles
definitions of 'wear and tear'

And, don't forget CarFax/Experian AutoCheck.

If credit is not an issue, then hardball the deal, and grind the dealer down- put yourself in control of the deal, and let him know that you CHOOSE to buy the car- he NEEDS to sell the car. BIG difference. Averge book on the car is about $13-14k; make your play off that number.

Great looking ride, BTW!

Ex-finance manager signing off......

02-20-2006, 12:00 AM	#6 (permalink)
socalgn Transplant Join Date: Mar 2004 Location: in my dreams, WA Posts: 430	Reviews sound good (but, what auto mag doesn't like/love BMW?) Advice- SLEEP ON IT- for a day or 2. BMWs can be uber-expensive, but yous pays yer dough, and you takes yer chances... Negotiate the warranty into the deal- there's a ton of profit in service plans, usually on the order of 100%. The service contract should add between $20-30 monthly to the contract (depending on term). Check the fine print of the warranty for the following: Exclusions/exceptions reimbursables- do you pay up front & get reimbursed, or just pay deductible? Parts vs labor coverage service area (do you have to go to the selling dealer, or any service facility you choose?) deductibles definitions of 'wear and tear' And, don't forget CarFax/Experian AutoCheck. If credit is not an issue, then hardball the deal, and grind the dealer down- put yourself in control of the deal, and let him know that you CHOOSE to buy the car- he NEEDS to sell the car. BIG difference. Averge book on the car is about $13-14k; make your play off that number. Great looking ride, BTW! Ex-finance manager signing off...... __________________ yeah, ya just got waxed by Grandpa's Buick......... 87 GN- work in progress...AND COMPLETED!!!! 95 Impala SS- SOLD! 2001 Excursion Limited diesel 2005 Suzuki C-50 Boulevard Cruiser- Sold 2001 Saturn LW300 wagon More toys on the horizon 1997 540i....turbo setup is in the works! Last edited by socalgn : 02-20-2006 at 12:07 AM.