Price negotiating - BMW Luxury Touring Community
 
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post #1 of 7 Old Mar 10th, 2015, 6:41 am Thread Starter
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Price negotiating

Im buying a 2011 RT from a local BMW dealer.how much lower than a dealers marked price are they typically willing to go on a bike? There has to be some room for negotiating right?
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post #2 of 7 Old Mar 10th, 2015, 7:11 am
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Re: Price negotiating

You won't know until you try, throw them a number and see what happens.

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post #3 of 7 Old Mar 10th, 2015, 7:27 am
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Re: Price negotiating

The margins on used bikes are not as high as most think they are. Dealers make most of their money on parts, service & accessories not the sale of the bike.

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post #4 of 7 Old Mar 10th, 2015, 8:43 am
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Re: Price negotiating

If you can't get them to budge on price, shoot for having them include the next major service or an added accessory. You don't ask, you don't get!

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post #5 of 7 Old Mar 10th, 2015, 1:41 pm
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Re: Price negotiating

There is usually some negotiating space, but may only be $50 to $100. It depends more on what they gave in trade, how long it's been there and how much interest has been shown in it by the clientele. Do yourself a favor, instead of bargain shopping, do your research at dealers, online, see what's out there, what they are going for and approximate miles. Decide what is in your affordability window and then pay attention to how well it seems to have been cared for, etc. You're more likely to get gear you need thrown in than to look for a price reduction. Happy hunting!

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post #6 of 7 Old Mar 10th, 2015, 7:55 pm
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Re: Price negotiating

I bet the mark up on a used bike is higher than on a new bike. It is also harder to compare one used bike to another, one may be higher mileage, one have a better service record, the other has some paint damage...... is the dealer offering any kind of warranty?

On the other hand when buying a new bike you pretty much get the same bike at your dealer as the one across town or across the country so when negotiating the only difference is price.

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post #7 of 7 Old Sep 13th, 2015, 12:27 pm
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Re: Price negotiating

Quote:
Originally Posted by katnapinn View Post
The margins on used bikes are not as high as most think they are. Dealers make most of their money on parts, service & accessories not the sale of the bike.
I'd bet the margins are higher on used bikes and vehicles in general. A co-worker traded a low mileage 1999 dodge ram back in 2009. They gave him $5000 for it. It was for sale at 10,999 the next day. Trade/wholesale prices are a lot lower than retail. I'd expect at least 2-3K difference between what the dealer is asking and what they paid for the used bike.

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