Originally Posted by RVB1019
At Chicago BMW with their 20% discount to part lists for $193. In euros that works out to $131.89.
Nice Deal Guy!
It just gets curiouser and curiouser...
BMW makes the parts in Germany (well,,,, some of them) and artificially "fixes" and inflates the price in Europe. They ship them to the USA where they sit in a warehouse in North Carolina awaiting a buyer. I Email BMW Chicago and give them my credit card number - and it is charged only
when the parts actually sell, and buy them at 20% off "list". They agree to drop ship anywhere in the world for a small additional fee but never touch or own the parts. I advertise the parts on Ebay as a great bargain. A customer in Spain thinks he's got a great deal (and indeed he DOES) and pays in dollars bought with Euros. Ebay makes a small commission for marketing and I've made a huge
profit. I never touch the parts and don't have to carry inventory. I pay for shipping to Spain via Chicago BMW using my discounted UPS linked PayPal account linked to my Ebay account. (Ebay wins AGAIN
since they own PayPal). BMW puts the money back into their bank account in Munich - only a few hundred miles from the customer in Spain. The only guy that gets screwed is my credit card company since I "borrowed" the money from them on a 30 day float paying no interest since I pay my account in full evey month.
Hey - somebody's got to take it in the ***. Too bad, could not happen to a nicer business.
I also automatically get a larger line of credit from my credit card company (and tons of frequent flyer miles for free) so I can "buy" increasingly larger amounts of "inventory" and possibly negotiate a larger discount from Chicago BMW in the future.
(almost) everyone is happy!
Who says the devalued dollar is an economic issue?
I REALLY need to start a new business...