03/10/2008, 12:11 PM

BMW News

M3 Coupe marked up $30K by dealer

While the Nissan GT-R is expected to be marked up nearly 100 percent in some cases by dealers when it arrives, BMW’s newly landed M3 coupe is already sporting prices inflated with a $30,000 “Dealer Market Adjustment.” This effectively turns the $70K coupe into a $100,000 investment, or a mark-up of 42 percent!

BMW dealer Century West in California is the culprit, proudly showcasing the extortionate adjustment right on the window sticker. That sounds like a good place to do it, because if trendy California suburbanites or Hollywood stars won’t pay such a premium, who will?

BMW’s newest M certainly drew rave reviews from most, if not all, members of the press who’ve driven it, but is the hotter relatively mainstream coupe worth similar money to much more exclusive, exotic supercars? Only time will tell.

The M3 has been on sale in Europe since September, where healthy competition from other European manufacturers helped the prices stay closer to their manufacturer-suggested ones.

 
 

03/10, 12:15 PM

posted by:

sunshine1810

For that much money I would look at other cars even other BMW’s. My personal favorite M3 is the sedan which thankfully isn’t the coupe so it won’t get a $30,000 dollar premium from the dealer to drive home in it.

03/10, 12:16 PM

posted by:

Need more oil for GM

I wouldn’t pay 10 bucks for this pile of crap. I can buy 5 Cobalt SS cars and run circles around this POS every day of the week if I want. Oh ya, this thing won’t even make it around the track without the engine blowing up. So much for a race

03/10, 12:17 PM

posted by:

Madcapp

I’d rather have BOTH a 135i and a Challenger R/T for less money.

03/10, 12:17 PM

posted by:

400horseSS

If your stupid enough.

03/10, 12:19 PM

posted by:

golf4me

Not sure why anyone would choose this over the sedan for a lot more money, unless you just HAVE to have a carbon fiber roof, which saves only about 30lb., and will raise your insurance rates no doubt. Frankly, the sedan even looks better IMO. Great car, no doubt, but I wouldn’t pay a premium for it, especially not when the price encroaches on Z06, 911 Turbo, and GT-R territory. But, if you have more money than god, and have to have a BMW, it’s a good choice.

03/10, 12:24 PM

posted by:

Madcapp

^^^Because sedans suck.

03/10, 12:28 PM

posted by:

SoLoveLA

This is an awesome car. I want one in white, but I can wait until there is no 30K market adjustment.

03/10, 12:28 PM

posted by:

SWM335

You would have to be mental to pay that much over sticker! I love BMW’s, but there is no way I would ever pay over sticker.

03/10, 12:36 PM

posted by:

johnnycanuck

Just because this dealer has marked it up 30k doesn’t mean he’s going to get it. No harm in trying.

03/10, 12:47 PM

posted by:

Jon Luc

Oil for GM, ya wouldn’t buy this at $10? I would. & turn around & sell it for $10K less then the dealers. Don’t open your toilet, & spew sewage.

03/10, 12:49 PM

posted by:

Jon Luc

BTW, which one of your 5 Cobalt cars will run circles around that BMW?

03/10, 12:58 PM

posted by:

Need more oil for GM

Each one of them. At least they run and don’t put their owners in the poor farm with repair bills. Wait for the Pontiac G8 if you want a real car.

SoloveLa, why don;t you go back to Germany if you love their cars so much. This is GM Country you unAmerican hypocrit.

03/10, 1:14 PM

posted by:

SD650irag

5 cobalts are necessary as only one will be running at at time. however, anyone that pays $30k over sticker is, well…ya know. boycott dealers that mark-up cars.

03/10, 1:16 PM

posted by:

atourya

Not suprised… but not worth it.

I don’t know what I’d buy for that money… Maybe a fully loaded S5, and then find other ways to enjoy the money left over.

03/10, 1:19 PM

posted by:

Impulsive

This Civic-design copy is horrible. The interior is horrible. Waste of money, period.

03/10, 1:23 PM

posted by:

Need more oil for GM

SD650irag, get a clue. Cobalts are some of the most reliable cars on the planet. Can’t say the same for the crap coming out of Germany. If GM detroit didn’t have their hands in the operations at Opel, those award winning cars would be nothing more than German garbage.

03/10, 1:34 PM

posted by:

Stinky007

Why are you guys bashing the car because of crappy dealers?
Do any of you know why prices are marked up? Because the demand exceeds the offer, so the dealers take advantage! Same thing happens to the Nissan GTR, but nobody bashes that shoebox of a car because it’s good!
Of course you can always get 5 cars that are 5 times cheaper… DUH!
But do you honestly think a american-build front-wheel drive coupe based on the last generation Opel Astra platform will outperform the M3?!?

03/10, 1:34 PM

posted by:

atourya

oil for GM..

do we really need this to start again? please go away. It’s bad enough that the editors show a GM bias from time to time… but seriously, please stop ruining these boards. spew your verbal diarrhea elsewhere please.

03/10, 1:38 PM

posted by:

Htay9500

oil for gm should be a comedian.

03/10, 1:40 PM

posted by:

jumpoffit

so you’re hating on German cars yet GM is importing Aussie cars to sell since their American designs just didn’t cut it.

03/10, 1:42 PM

posted by:

rlatimerc

Need more oil for GM……are you seriously comparing a company that makes **** cars to BMW?

“…put their owners in the poor farm with repair bills” you obviously dont know that any new BMW owner doesnt have to pay for any standard maintenance for the first 4 years

Brand
Maintenance Costs for the First 4 Years
Acura
$970.75
Audi
$967.17
BMW
$0
Cadillac
$744.26
Infiniti
$649.40
Jaguar
$1112.53
Land Rover
$233.52
Lexus
$974.22
Lincoln
$922.14
Mercedes-Benz
$1086.60
Porsche
$1032.14
Saab
$385.29
Volvo
$918.93

from BMWs website…..looks like cadillac is a little bit more than BMW for a ****ty car like a cadillac

03/10, 2:18 PM

posted by:

doublearon21

Dealers can suck my **** if they think I am going to pay 30k more than the sticker.

03/10, 2:28 PM

posted by:

golf4me

If the parts cashier at my BMW stealership sucked me off, I’d probably pony up the 30k…she is smokin.

03/10, 2:30 PM

posted by:

eliteski2

Of course, anyone who pays over sticker is stupid. I work as a photographer for local dealerships on California’s Central Coast. I did three new M3’s last week, all priced at sticker. Both dealerships have a company policy not to sell over sticker. Besides for $100K you could have an M5 or M6.

Then, Cobalt SS’s over an M3? you’re retarded. I took a coupe out on the road, and it was incredible. One of the fastest and most comfortable cars i’ve ever driven, and (through work) I’ve even driven Ferrari’s, Aston Martins, and many many other sports cars.

03/10, 2:50 PM

posted by:

frylock350

Well if you want a performance car to beat the piss out of, BMW will foot the maintenance bill for your M3. Comparing it to the Cobalt SS is stupid. The SS is a stupid fast compact, but the BMW is RWD, smaller and lighter (I think). Its like comparing a WRX to a Viper. I personally think BMWs ride like crap and have terrible interior room and ergonomics.

Fastest thing I’ve ever driven is a blown LS1 Trans Am (built as a drag strip car) pushing over 500hp at the wheels. I only wish I could say it was mine.

03/10, 2:53 PM

posted by:

howsmydriving

That anyone would pay over sticker is proof that P.T. Barnum was right.

03/10, 2:54 PM

posted by:

F3INT))AP3X

As usual the M3 is overpriced and over-hyped, next.

03/10, 3:10 PM

posted by:

RicardoHead

Just pick up a standard 3 series for $37,000, stop off at Autozone and buy an M emblem for $12.99 and some new wheels for $1,200 and you’ll get just as many ho’s and still have $61,787 in your pocket when all is sid and done.

03/10, 3:32 PM

posted by:

SS4LIFE

30k plus for already a 70k M3??? Holy ****, 70k??? It’s a great car no doubt (LP give me a break on this one) but you can find better performing ones for less than that. I don’t happen to know any other car that you can get for that price that is as luxurious as it is performing but sheez… 70k lol when the 100% markup goes away on the GT-R or better yet I can walk over to a Chevy dealer right now and grab a ZO6 for the same or less I’ll take either of those.

03/10, 3:32 PM

posted by:

agent09

yup cuz 30k is nothing compared to the 50k that largepenis spent on his dildo!

03/10, 3:35 PM

posted by:

RicardoHead

I’m with Fairlight on that. If you gotta have a bimmer, buy it as your hobby car and not a daily driver. It’s called Bleed My Wallet because that’s exactly what it’ll do if you rely on it for transport.

Oh yes, and if you think that the cost of those repairs isn’t built in to begin with, you are high, plus the reason BMW offers that is because of their reputation for having overpriced fussy repair histories to begin with.
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03/10, 5:00 PM

posted by:

zurus

maybe if i could afford it i would probably buy a z06 for less than the m3 in your face lp640

03/10, 5:07 PM

posted by:

zurus

long time no see lp640

03/10, 5:19 PM

posted by:

zurus

=..( thx you now your my friend =)

03/10, 5:42 PM

posted by:

jonmiles

How did this car’s MSRP get to 70k?? I thought it started at 53.. I can’t wait until Audi brings out the RS5 for the same price and dominates it

03/10, 6:33 PM

posted by:

Driven

Agreed, the RS5 will dominate but it will come at the end of the M3 life-cycle. Audi has bad timing when it comes to competing with the M line. Most dealers aren’t like this CA dealer. Most dont go above MSRP although they aren’t going below MSRP since they have long waiting lists for the new M3.

As for the laughable Cobalt people: The true-cost-to-own to true-market-value of a 2008 Cobalt is 93% over 5 years. The 2008 335 (no M3 data yet) is 42% over 5 years. That $22k Cobalt will actually cost the owner $42K over 5 years to own. Cobalts have some of the highest depreciation and above average operating costs according to Edmunds. Anyone that thinks a Cobalt is a good deal because the sales price is low is an idiot. Flushing $40k down the toilet over 5 years to own that piece of crap is foolish. This is all before factoring the resale price of the vehicles which, because of depreciation, makes the Cobalt an even worse deal.

03/10, 6:38 PM

posted by:

Driven

I was using 2008 figures. I found this article from Edmunds from 2006 that uses the Cobalt as one of the worst cars to own. Unless you like throwing away money and driving a subpar vehicle.
http://www.edmunds.com/insideline/do/Features/articleId=110049
Only financially illiterate people would buy a Cobalt. Anyone that would want to own 5 of them is beyond comprehension.

03/10, 8:10 PM

posted by:

gitcypher

I’d just by two previous gen M3s.

03/10, 8:38 PM

posted by:

SS4LIFE

Right Driven, just like my old used Chevy Cavalier that I bought that had 61,000 miles and was 3 years old when I bought it. After owning it for 5 years and over 100,000 miles later it cost me 50k to own??? That’s the dumbest and most untrue statistic I’ve ever heard. Actually the only problem I had with it was that the motor mount had to be replaced, engine and trans are still going strong and it made a great hand me down to my brother who is still driving it 6 years later.

You want to hear something from experience though and I’ll tell you this, my 05 SS/SC is doing just fine. I chose to lease because I like to have a new car ever 2 or 3 years so I won’t have it anywhere near 5 years, and a good friend of mine who is the second owner of an 04 VW Jetta GLI 1.8T is trading his in for the 08 SS Turbocharged because after his extended warranty expired at 50k miles, he’s spent $1200 within 6 months of it happening due to parts that have broken on him, talk about a great turnover on investment right???

03/10, 10:12 PM

posted by:

eliteski2

As for the question about how a $53K car gets to an MSRP of $70K, that’s easy. All of the M3’s on the ground are the same, sent by BMW without input from the individual dealers. They are all optioned out with the Premium package, Technology package, Cold Weather package, Sunshades, Ipod hook-up, Parking Sensors, and lots of other fun stuff that runs the price up pretty quick.

So all of these people saying they’d go buy a Z06 or a GTR instead for the price, take into account that a BMW is going to be much nicer and have much more amenities with similar speed, or you can throw that stuff out and get a much cheaper ride that is still incredibly fast.

03/10, 11:10 PM

posted by:

bigp

just go to germany qand get your car for

03/10, 11:17 PM

posted by:

Driven

SS4LIFE, I am not writing about individual, unique experiences as like you are. I was just noting FACTs that can be verified at a reputable website. Go to Edmunds.com and look at the TCO part of the site. If the TCO part of the site is hard to understand read the story at the link I provided. I noted all the information you need to verify my numbers. Its not like I am pulling the information out of thin air like some here.

I wasn’t listing the experience YOU had buying a 3 year old car and keeping it 5 years. As I noted, they are stats for a vehicle purchased new in 2008 using historical costs for repair, maintenance, depreciation, insurance over 5 years. Visit the Edmunds site if you still dont understand.
http://www.edmunds.com/new/2008/chevrolet/cobalt/100919275/cto.html?setzip=85260&vdp=off

You can quote your friends uncles mothers sisters experiences all you want. I’ll still point you to a reputable site that has facts.

It WILL cost you approx $40k to own a 2008 Cobalt over 5 years. Look at the actual numbers and you will understand. Furthermore I compared the Cobalt to the 335 using the same TCO website and factored the percentages since they are in different classes. I did this so all numbers would be on an equal comparison level.

03/10, 11:46 PM

posted by:

400horseSS

Seeing that i drink beer and wear magnum xl condoms i wont be owning a Bimmer, ill take a ‘Lac, ill let the apple martini drinkin friday night faygo’s push the German junk.

03/11, 2:36 AM

posted by:

collector

Just because one dealer is asking $30k above MSRP doesnt mean it will sell. The M3 coupe starts in the 50s and only reaches 70k fully loaded.

SS4LIFE did you even look at the links or read Drivens information? You call him dumb and yet his links prove his information is correct. You should stick to commenting on what you know. Used Cavaliers and Jettas.

03/11, 6:42 AM

posted by:

DeansterTJ

Can someone explain how the TCO works? This is news to me, but I’m intrigued. I’m about to hit paydirt and thinking of buying a base Cayenne or Cherokee SRT8 - can anyone explain?

03/11, 7:17 AM

posted by:

Need more oil for GM

The Cobalt is a better car for your wallet and you won’t be looked down on as a pompous jackass either. If you like German piles of trash, maybe you should move to Germany you unAmerican loser.

03/11, 7:56 AM

posted by:

Fletch

I’d rather get a E46 M3 and mod it. Supercharger kits are $7-10k for E46, think of all the other stuff you could do and still be under $50k…

03/11, 9:11 AM

posted by:

frylock350

Deanster, TCO = Total Cost of Ownership. It factors in repair costs, maintenance costs, fuel costs, etc; basically everything that goes into owning a vehicle. It supposed to represent the total amount you’ll pay to say you drive a certain vehicle.

Between the Cayenne or SRT8, I’d buy the SRT8. You’ll be down a bit on lux from the Cayenne, but the vehicle will last longer, benefits from economics of scale (parts are cheaper) and Chrysler is throwing rebates at vehicles. If you don’t need the prestige, the Jeep will be less of a hassle to own.

03/11, 9:39 AM

posted by:

RicardoHead

Deanster, if you’re going to hit paydirt, the last thing you should do is back up the dumptruck to a car dealership.

Responsibly speaking, of course.

03/11, 2:24 PM

posted by:

SS4LIFE

Well Driven when I pick up my 08 SS/TC in September I’ll let you know how much money it’s going to cost me. Also GM has this thing called a 5 year or 100,000 mile warranty?

03/11, 3:58 PM

posted by:

Driven

Some people just dont get it. SS4Life, did you look at the links I posted? TCO includes averages for Depreciation, Financing, Insurance, Taxes & Fees, Fuel, Maintenance & Repairs. So your warranty will cover a whopping $820 in repairs of the $41,884 it will cost you to buy the car over 5 years & drive is 15k miles/yr. Believe whatever you want when buying the car. They say ignorance is bliss so you will be happy with the Cobalt since you weren’t able to comprehend the TCO information.

Provide evidence the Edmunds TCO is grossly inaccurate (as you claim) and I’ll tell you the Cobalt is a smart purchase. The things is you cant counter the numbers no matter what you believe is true in your brand loving mind. The numbers and the facts dont lie.

03/11, 4:40 PM

posted by:

Driven

Correction, Edmunds TCO already factors in the warranty. They have calculated the average owner will be out of pocket $820 over 5 years on top of the warranty for repairs that aren’t covered. The big thing that hurts that car is depreciation. It is one of the worst cars on the market for holding its value. Enjoy your FWD Cobalt experience. For the total cost it better be worth it.

03/11, 7:13 PM

posted by:

collector

Driven, leave the poor guy alone. Just because he doesn’t understand or is not willing to look at the facts is no reason to rain on his parade. Leave him be to buy his car without knowing how much it really costs to own.

03/14, 12:58 AM

posted by:

Heart64

BMW is a nice car I’ve driven them before and you can’t call them Trash SS or 400SS- couple of GM nerds. Listen I’m american too. Germans make excellent cars. In all honesty I think more of the BMW cars and the dealers that sell BMW automobiles than the typical drivers that owns one- not all but most. BMW owners are usually complete A##Holes. I did work with someone who owned a nice Porsche that I worked with that was nice. I think the German make excellent products so I don’t know what your beefing about SS or 400Horse- your a couple of biase and mentally deficient american, In other words your bigoted toward anything that isn’t american why?

03/14, 12:59 AM

posted by:

Heart64

Stop your Bigotry and learn to accept things if their better. Hey we know your rooting for the home team, but give credit where it due.

03/22, 2:49 PM

posted by:

jackjimturkey

I just wouldn’t pay it.

M3 Coupe marked up $30K by dealer
March10

sunshine1810: “For that much money I would look at other cars even other BMW’s.” good idea.

Need more oil for GM: “I wouldn’t pay 10 bucks for this pile of crap.” It’s not a pile of crap.
“I can buy 5 Cobalt SS cars and run circles around this POS every day of the week if I want.” That’s just a dumb statement.
And yeah,the G8 is a real car!

Madcapp: “I’d rather have BOTH a 135i and a Challenger R/T for less money.”
That’s astute, but not all sedans suck.

SD650irag: “5 cobalts are necessary as only one will be running at at time.” Only because you can only drive one at a time.

rlatimerc: “Need more oil for GM……are you seriously comparing a company that makes **** cars to BMW?” No,he’s comparing Chevy to BMW … and making an ass of himself at it.

RicardoHead: “Just pick up a standard 3 series for $37,000, stop off at Autozone and buy an M emblem for $12.99 and some new wheels for $1,200 and you’ll get just as many ho’s and still have $61,787 in your pocket when all is said and done.”

That’s some good economics there!

SS4LIFE: Your cavalier sounds a lot like mine (wrecked at 190K). But you should always value Driven’s words over your experience.

Driven: “As I noted, they are stats for a vehicle purchased new in 2008 …” That sounds theoretical, not factual. Hell,i predicted the Patsies would win the Super Bowl.

Heart64: “BMW is a nice car I’ve driven them before and you can’t call them Trash ….”
and you prove that you are capableof writing with intelligence ather than just blind anger.

 
 
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