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Thread: 45 E60 M5 listed on Autotrader
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11-18-2005 03:45 PM #1
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11-19-2005 05:25 AM #2
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11-19-2005 11:47 AM #3
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11-19-2005 12:26 PM #4
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11-19-2005 12:41 PM #5
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11-19-2005 01:41 PM #6
- Location
- irvine, california, United States
Member No: 11051
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Re: Hope my amigo does'nt take it in the shorts! :D
If your amigo is looking to make $$$, I think disappointment is what will be expected.
Only a few dealers in certain locations are asking over MSRP now. I know in SoCal (that's where I am), many are asking for $10k to $25K over on paper. However, these cars are just sitting in the showroom.
With the internet, word spead fast about the fact there are supposely over 1000 available allocation still. All one need to do is make a few calls to get one. Demand for these cars are poor actually. Even at MSRP, these cars are not moving as expected. Truth is, at $95K, there are so many options now.
Also, please don't think because a dealer put a $30K over that they will not deal. I know because my local dealer (Crevier) is asking fo $25K over, but will sell if you are willing to give them even $5K. Another dealer asking $25K over actually told me to wait and they will get me a car at MSRP soon.
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11-19-2005 02:11 PM #7
His hope is to break even a 6 week "rent" period!
Bought at MSRP in Oregone, drives the crap of of her for over a month, then rolls down to your neck of the woods in SoCal to off-load her.
Believe he may get caught out on this one. :D
At least Al Pacino in "Scent of a Woman" had the good sense to slid $2000 to a Ferrari saleman! ;)
How much will my compadre lose in these few weeks? Oh...... btw, he wrote a check for the thing. :)
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11-19-2005 02:17 PM #8
Should have read "after a 6 week rental period'!
Why anyone would want to roll the financial dice on a car like this is beyond my comprehension. :D
A Gotta-Have-It-Now or a [email protected]?
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11-20-2005 01:39 PM #9
General concensus is you'll be losing money fast!
Marvel at my amigos who thought they could make money or break even after a spell of ownership. The demand has just fallen so rapidly.
Remember that poor Porsche 928? ;)
DO know of one fellow that actually MADE money on her, ( an M5 )....but that was in Europe.
Sad really.
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11-20-2005 03:04 PM #10
Yes, "an" M5 but.....
the difference between "an" M5 the car you want can be big (color, options etc.).
I paid $5K above because my lease expired and I couldn't be without a car for 3 months and the car they offered was exactly what I was looking for (black on black, fully loaded). I wouldn't have paid a higher mark-up, especially not just for "an" M5 without the options I wanted. I would have ordered my car earlier but every dealer told me: "Waiting-list : 1 year and up..) so I thought they wouldn't be a chance to get one that fast...
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11-27-2005 11:34 PM #11
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12-03-2005 01:54 AM #12
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12-03-2005 11:53 AM #13
- Location
- irvine, california, United States
Member No: 11051
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Re: Could one break even if a car was sold in a month?
I would say NO WAY.
I just place an order for mine, and the day I drive it off the lot, I am expecting to EAT at least $20K!! About $10K for tax and tag fees, and another $10K depreciation off the MSRP price I am paying.
It's just the nature of the game people when you buy ANY new car (except for the very very few out there). Don't play if you can take the hit.
I plan to keep this car for a LONG time, so it's OK.
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12-03-2005 12:09 PM #14
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12-04-2005 01:30 PM #15
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12-04-2005 03:10 PM #16
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12-04-2005 04:39 PM #17
- Location
- irvine, california, United States
Member No: 11051
- Join Date
- Jun 2001
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NOT WAY!!! However...
The problem only relates to "Flippers" that try to take advantage of the car's supposely HOT market! So to that, it's just a business risk they have to take. I am not saying that I am against people who flip cars for profit. More power to them for making money.
Some cars they win, some cars they loose. In this case though, looks like the M5 is a looser for flippers who has not yet unload the car.
I can safely say that there is probably no HOT market in the country anymore. I just ordered my car from one of the HOTTEST market in the country (Bay area) at MSRP!! No wait list, no hassle...just called them up and got the car with a 51st week built status (112). Can't get any better than this guys!
For real owners who plans to keep the M5 for say a few years, the numbers will work out just fine.
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12-04-2005 06:00 PM #18
you're doing fine replying to your own posts
ad infinitum. what a loser :(
you can't afford it - fine, accept it and buzz off. there is nothing even remotely interesting or amusing in your endless banter of regurgitated vocabulary. go watch some more tv so you might have some new words to use. seriously, you stopped being interesting 2 years ago. now you're just annoying.
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12-04-2005 06:26 PM #19
Was asking YOU a question O' Bloviating One! ;)
Poor baby. You just don't feel special anymore after spending that $90,000? Sure you'll be able to find another forum to "blow hard" on and try to impress some sad Hooples with your "stuff".
Why do you think I can't afford this vehicle Keebler?
Business has just been HORRIBLE in the petroleum world as of late. :P
If memory serves you had to sell your house to get into this car.
You're an elitist, pretentious Sadsack with a shiny pompous coating........... and you always have been Mr. [email protected]!
So how much do you figure to lose during your M5's "rental period"? :)
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12-04-2005 06:34 PM #20
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