Newbie question; Do I HAVE to pay MSRP?
#1
Newbie question; Do I HAVE to pay MSRP?
I'm planning on ording a 2006 MCS (Chilli red with pretty much everything but the sunroof and JCW package) soon and can't seem to find a dealer who will negotiate.
I realize demand is still high, but can't belive it. One dealer told me that they are trying to be "hassle free" like Saturn dealers used to be. Is this true?
Should I just swallow it and pay MSRP, or is there any hope to save any money?
Thanks for the help.
I realize demand is still high, but can't belive it. One dealer told me that they are trying to be "hassle free" like Saturn dealers used to be. Is this true?
Should I just swallow it and pay MSRP, or is there any hope to save any money?
Thanks for the help.
#2
Originally Posted by SheaJeff
I'm planning on ording a 2006 MCS (Chilli red with pretty much everything but the sunroof and JCW package) soon and can't seem to find a dealer who will negotiate.
I realize demand is still high, but can't belive it. One dealer told me that they are trying to be "hassle free" like Saturn dealers used to be. Is this true?
Should I just swallow it and pay MSRP, or is there any hope to save any money?
Thanks for the help.
I realize demand is still high, but can't belive it. One dealer told me that they are trying to be "hassle free" like Saturn dealers used to be. Is this true?
Should I just swallow it and pay MSRP, or is there any hope to save any money?
Thanks for the help.
MINI has intentionally kept production lower than demand in order to avoid flooding the market with cars... Thereby avoiding the PT Cruiser Syndrome. On the positive side for us, resale stays high because demand stays high. On the down side demand stays high which means there's no need for dealers to move on the price or for MINIUSA/BMWUSA to offer incentives either. Both are done when demand is low and supplies are high...
The only time I've seen dealer's negotiate on price is when a car has been on their lot for a while... as in 5+ months, which is very rare...
#3
Yup, paying MSRP is normal. If you want to negotiate you might get some free floor mats or something but that's about it. Just try to avoid paying over MSRP...I can't believe that is still going on. You could save some money by dropping some goodies on your MCS but I'm guessing that's not going to happen...no way.
#4
Just read a press release over on SSM that the new MINI head guy wants to double sales next year. The article stated that MINI only has 6 days worth of stock on hand and the factory is working at full capacity and then some. They also pointed out that employees have to pay full MSRP also because of the demand. They have a decent product and they know they don't have to stoop as low as GM, Ford, and Chrysler to move product. Sorry but it looks like MSRP is going to be the going rate for a little longer.
#6
Originally Posted by SheaJeff
I'm planning on ording a 2006 MCS (Chilli red with pretty much everything but the sunroof and JCW package) soon and can't seem to find a dealer who will negotiate.
I realize demand is still high, but can't belive it. One dealer told me that they are trying to be "hassle free" like Saturn dealers used to be. Is this true?
Should I just swallow it and pay MSRP, or is there any hope to save any money?
Thanks for the help.
I realize demand is still high, but can't belive it. One dealer told me that they are trying to be "hassle free" like Saturn dealers used to be. Is this true?
Should I just swallow it and pay MSRP, or is there any hope to save any money?
Thanks for the help.
If you get something in stock it will have some interior and exterior dealer add ons that raise the price of the car by $100s and sometimes other upgrades like parts of the aero kit, wheel arch painting, optional MINI wheels, etc that raise the prices even more.
Rarely I have seen a show car done by the dealer for an event that sold at a small discount of a couple of $100s. It may sit in the showroom for a few months then to move it out it gets price adjusted.
After a year of use demo MINIs get sold at a slight discount but they often have 6000 to 10,000 miles on them or more.
Rarely I hear that classic MINI in Ohio has small discounts but then you pay shipping costs ($800-$1000) to your location.
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Paying BELOW MSRP has been a very rare thing with the MINI. I remember this past year 2 people posted that they were able to negotiate about $500 under.
MAYBE if you find a dealer that has a lot of cars on their lot they want to unload before the 06' model arrives, you just might be able to negotiate...good luck!!
Donna
MAYBE if you find a dealer that has a lot of cars on their lot they want to unload before the 06' model arrives, you just might be able to negotiate...good luck!!
Donna
#9
#10
Originally Posted by Donna/Mike
MAYBE if you find a dealer that has a lot of cars on their lot they want to unload before the 06' model arrives, you just might be able to negotiate...good luck!!
If they 06 MINIs start delivery in October, I'd be willing to bet you could get a very good deal on an 05 say about the last week in september. You would have to be knowlegeable and firm but ... does the dealer want to take the chance of those 05s sitting around for more months and keep losing money on them or sell and just take a lower profit?
#14
The fact that demand has stayed high & resale value stayed high, is a direct result of a superior quality car (good thing for us!!) - unfortunately, that leaves you no (or very little) hope of applying leverage to the dealer. I mean, at most dealerships across the country there are still waiting lists for this car.
I paid MSRP, and so have all the other folks I know... ah, g'wan bite the bullet, and just enjoy the car!! If you wanna save money drive a chevy/GM/Ford.
- - m
I paid MSRP, and so have all the other folks I know... ah, g'wan bite the bullet, and just enjoy the car!! If you wanna save money drive a chevy/GM/Ford.
- - m
#15
#17
Originally Posted by 2Miniacs
I've paid MSRP twice now and accept it as part of owning a car that's in demand. ....
Of course, you could also pay MSRP on a new TV rather than going to a discount warehouse or buying over the Internet.
Everyone is different ...
#18
Originally Posted by MINIclo
:smile: Welcome to NAM, Jeff. Where are you located? There are a few great dealerships in the US that do sell at MSRP. Some of us buy out of state, fly there to pick them up, then have a fun roadtrip home! MSRP is about the best deal you can get. :smile:
In fact, right now I'm sitting in a Holiday Inn with my 11yo son, waiting for the car to be delivered to the dealer. Once we pick it up, we will be going on a great road trip to Atlantic City then back to Santa Cruz.
Saved $3500, got my car quicker, will have a killer road trip, and the dealer is great. Classic MINI is a sponsor of NAM and they have their their own forum here.
#19
PAying MSRP is pretty normal, I read an article today that even employees are paying sticker. I kind of support this idea, because the fact that the car holds value, look at all these Suburbans with 9-10k off MSRP, they do not hlod value whatever you do, you buy for $10k less, and get another 20% hit right after you take off from the lot.
Mini USA is protecting the brand and value, and someone made a good point, there is really not huge mark-up on these cars, let them make their little money, so we can have super cool cars, otherwise we will have to settle for cheap plastics, and less quality.
Mini USA is protecting the brand and value, and someone made a good point, there is really not huge mark-up on these cars, let them make their little money, so we can have super cool cars, otherwise we will have to settle for cheap plastics, and less quality.
#20
Originally Posted by chrisnl
Also keep in mind that the dealer's margin on these cars (before options) is very low, something like $1200-1500.
#21
Originally Posted by mtbscott
Check out the Mini on Edmunds.com. Invoice is closer to $3K less than base price, add options and the dealer can make another $1K. Percentage-wise, Mini markup is about the same as most other cars out there. I'm pretty amazed that any car can still command MSRP in its fourth year of production, that's definitely not typical.
MINI has been able to do something that both VW and Chrysler failed at... Keeping interest high in a car model for more than just the first year or so. Look at the Beetle or PT Cruiser, demand far outstripped supply for both models for the first few months after release. Both companies increased production to meet demand... and the floor fell out under their sales figures as they flooded the market... MINI has been able to manage this equation successfully and sales continue to rise...
As for dealers with a large inventory of cars on their lots... How many of those cars have been there for more than 30 days? How about 60 days? I'm guessing that the average time a pre-spec car sits on a dealer's lot is just less than 30 days... By then most cars are either sold off to customers or other dealers. MINI of Towson loves buying other dealers cars. It allows the selling dealer to keep their delivery allocations up, and it allows Towson to fill their lot with MINIs ready for sale. The average time a MINI sits on their lot... 20 days, with most gone in 15. When I placed the order for my MCS, Towson had just received 45 cars that they had purchased from Crown in Richmond and MINI of The Hamptons... That was on Dec 30, by February 1 they were ALL sold...
Yes some dealers do have showroom queens that they just can't get sold (MINI of Sterling had a 30k VR Cooper that sat for 10 MONTHS before it sold, and MINI of Towson had 3 MC40's that took almost as long to sell as well), but the number of cars that don't move is such a small fraction of the number of cars they do sell, that they aren't too concerned.
For those of you saying well it's just stupid that they won't negotiate with me on that car sitting out front, I mean I'm ready to buy NOW... Remember demand for MINIs is high, something that your dealer is acutely aware of. Your dealer knows that even if you won't buy the car they can probably find 3 other people willing to take you place as soon as you leave the showroom. That's the same reason why MINI doesn't offer rebates or promotional financing. Those incentives are intended to drive customers to the showrooms, however MINI dealers aren't having issues getting the customers in...
#22
I wish Edmunds would pay for my trade what they showed on their BS, which btw they are full of it. Any intelligent person would not fall for Edmunds deal.
Originally Posted by mtbscott
Check out the Mini on Edmunds.com. Invoice is closer to $3K less than base price, add options and the dealer can make another $1K. Percentage-wise, Mini markup is about the same as most other cars out there. I'm pretty amazed that any car can still command MSRP in its fourth year of production, that's definitely not typical.
#23
Originally Posted by SheaJeff
I'm planning on ording a 2006 MCS (Chilli red with pretty much everything but the sunroof and JCW package) soon and can't seem to find a dealer who will negotiate.
I realize demand is still high, but can't belive it. One dealer told me that they are trying to be "hassle free" like Saturn dealers used to be. Is this true?
Should I just swallow it and pay MSRP, or is there any hope to save any money?
Thanks for the help.
I realize demand is still high, but can't belive it. One dealer told me that they are trying to be "hassle free" like Saturn dealers used to be. Is this true?
Should I just swallow it and pay MSRP, or is there any hope to save any money?
Thanks for the help.
I suggest accepting MSRP and being happy. If you can't be happy at MSRP then buy anoter car. Simple as that!
#24
#25
Shaking my head at markups...
Off on a tangent here...but I just don't understand how Crevier makes any deals, are people nuts here in Orange County? I can probably answer that question myself, but I consistently see Crevier branded MINIs around here and there, yet they still have 70 05' Coopers and Ss on their lot, all of them marked up $3,995 or more. I don't care if you have enough money to pay cash for a car on the spot and are from rich, white Orange County...if you do buy there without looking around anywhere else, you're stupid. Save the 4K you would have paid at Crevier, buy/custom order at LB MINI and take the extra money and go on vacation, or accessorize the MINI!